Earnings History
EPS actual vs estimate, surprise %, beat rate, next earnings date
14
Avg Surprise86.7%
Next ReportNov 09, 2026
Period
Report
EPS Actual
EPS Est
Surprise
June 30, 2026
$0.53
$0.25
115.8%
March 31, 2026
$0.38
$-1.00
138.1%
Dec. 31, 2025
$0.42
$0.40
6.1%
Full Fundamentals
All metrics by year — income statement, balance sheet, cash flow
15
Income Statement15
Metric
Trend
2025
2024
Revenue
$388M
$255M
Cost of Revenue
$7M
$7M
SG&A Expense
$40M
$22M
Operating Expenses
$315M
$206M
Operating Income
$73M
$49M
Interest Income
$6M
$6M
Other Non-op
$3M
$5M
Pretax Income
$76M
$54M
Income Tax
$5M
$5M
Net Income
$71M
$49M
EPS (Basic)
$4.31
$3.05
EPS (Diluted)
$1.22
$0.85
Shares (Basic)
16,490,000
16,007,000
Shares (Diluted)
58,416,000
57,600,000
EBITDA
$78M
·
Balance Sheet25
Metric
Trend
2025
2024
Cash & Equivalents
$91M
$35M
Short-term Investments
$35M
$68M
Receivables
$36M
$30M
Prepaid Expense
$55M
$26M
Current Assets
$246M
$175M
PP&E (Net)
$8M
$7M
PP&E (Gross)
$27M
$21M
Accum. Depreciation
$18M
$13M
Goodwill
$2M
$2M
Intangibles
$662.0K
$221.0K
Total Assets
$515M
$396M
Accounts Payable
$55M
$24M
Accrued Liabilities
$39M
$19M
Current Liabilities
$113M
$68M
Capital Leases
$1M
$2M
Deferred Tax
$9M
$4M
Other Non-current Liabilities
$0
$2M
Total Liabilities
$135M
$99M
Common Stock
$2.0K
$2.0K
Paid-in Capital
$79M
$67M
Retained Earnings
$-103M
$-174M
AOCI
$-554.0K
$-478.0K
Stockholders' Equity
$-24M
$-107M
Liabilities + Equity
$515M
$396M
Shares Outstanding
16,647,000
16,032,000
Cash Flow11
Metric
Trend
2025
2024
D&A
$5M
$5M
Stock-based Comp
$11M
$3M
Deferred Tax
$5M
$4M
Other Non-cash
$-56M
·
Operating Cash Flow
$36M
$-11M
CapEx
$1M
$776.0K
Investing Cash Flow
$32M
$-896.0K
Dividends Paid
$0
·
Financing Cash Flow
$-12M
$22M
Taxes Paid
$2M
·
Free Cash Flow
$35M
·
Profitability7
Metric
Trend
2025
2024
Operating Margin
18.8%
·
Net Margin
18.4%
·
Pretax Margin
19.5%
·
EBITDA Margin
20.2%
·
ROA
15.6%
·
ROE
-108.4%
·
ROIC
-284.0%
·
Liquidity & Solvency2
Metric
Trend
2025
2024
Current Ratio
2.2
·
Quick Ratio
1.4
·
Efficiency2
Metric
Trend
2025
2024
Asset Turnover
0.9
·
Receivables Turnover
11.6
·
Per Share5
Metric
Trend
2025
2024
Book Value / Share
$-1.45
·
Revenue / Share
$6.64
·
Cash Flow / Share
$0.62
·
Cash / Share
$5.47
·
EPS (TTM)
$1.22
·
Growth Rates3
Metric
Trend
2025
2024
Revenue YoY
52.0%
·
EPS YoY
43.5%
·
Net Income YoY
45.7%
·
Valuation (TTM)4
Metric
Trend
2025
2024
Revenue TTM
$388M
·
Net Income TTM
$71M
·
Payout Ratio
0.00%
·
Annual Payout
$0
·
Income Statement14
Metric
Trend
Q2 2026
Q1 2026
Q4 2025
Q2 2025
Q1 2025
Revenue
$190M
$193M
·
$89M
$95M
Cost of Revenue
$4M
$3M
·
$1M
$2M
SG&A Expense
$24M
$181M
·
$8M
$13M
Operating Expenses
$171M
$16M
·
$70M
·
Operating Income
$18M
$-163M
·
$19M
$13M
Other Non-op
$1M
$768.0K
·
$929.0K
$572.0K
Pretax Income
$19M
$-163M
·
$20M
$13M
Income Tax
$-211.0K
$4M
·
$1M
$864.0K
Net Income
$20M
$-166M
·
$18M
$12M
EPS (Basic)
$0.31
$-3.57
·
$1.12
$0.75
EPS (Diluted)
$0.30
$-3.57
·
$0.31
$0.21
Shares (Basic)
63,480,000
48,130,000
·
16,544,000
16,260,000
Shares (Diluted)
65,645,000
48,130,000
·
58,794,000
58,762,000
EBITDA
$18M
$-162M
·
·
·
Balance Sheet25
Metric
Trend
Q2 2026
Q1 2026
Q4 2025
Q2 2025
Q1 2025
Cash & Equivalents
$112M
$108M
$91M
·
·
Short-term Investments
$56M
$37M
$35M
·
·
Receivables
$57M
$53M
$36M
·
·
Prepaid Expense
$46M
$35M
$55M
·
·
Current Assets
$302M
$259M
$246M
·
·
PP&E (Net)
$11M
$10M
$8M
·
·
PP&E (Gross)
$32M
$30M
$27M
·
·
Accum. Depreciation
$21M
$20M
$18M
·
·
Goodwill
$2M
$2M
$2M
·
·
Intangibles
$611.0K
$637.0K
$662.0K
·
·
Total Assets
$696M
$619M
$515M
·
·
Accounts Payable
$80M
$66M
$55M
·
·
Accrued Liabilities
$62M
$53M
$39M
·
·
Current Liabilities
$199M
$155M
$113M
·
·
Capital Leases
$742.0K
$922.0K
$1M
·
·
Deferred Tax
$11M
$12M
$9M
·
·
Other Non-current Liabilities
·
·
$0
·
·
Total Liabilities
$220M
$178M
$135M
·
·
Common Stock
$6.0K
$6.0K
$2.0K
·
·
Paid-in Capital
$727M
$711M
$79M
·
·
Retained Earnings
$-249M
$-269M
$-103M
·
·
AOCI
$-1M
$-1M
$-554.0K
·
·
Stockholders' Equity
$476M
$441M
$-24M
·
·
Liabilities + Equity
$696M
$619M
$515M
·
·
Shares Outstanding
0
0
16,647,000
·
·
Cash Flow9
Metric
Trend
Q2 2026
Q1 2026
Q4 2025
Q2 2025
Q1 2025
D&A
$2M
$1M
·
$1M
$1M
Stock-based Comp
$15M
$193M
·
$478.0K
$10M
Deferred Tax
$-310.0K
$3M
·
$973.0K
$644.0K
Other Non-cash
·
$355.0K
·
·
·
Operating Cash Flow
$36M
$31M
·
$13M
$11M
CapEx
$325.0K
$353.0K
·
$300.0K
$278.0K
Investing Cash Flow
$-27M
$-52M
·
$19M
$2M
Financing Cash Flow
$-4M
$38M
·
$-3M
$3M
Free Cash Flow
·
$31M
·
·
·
Profitability7
Metric
Trend
Q2 2026
Q1 2026
Q4 2025
Q2 2025
Q1 2025
Operating Margin
9.6%
-84.6%
·
·
·
Net Margin
10.3%
-86.2%
·
·
·
Pretax Margin
10.2%
-84.2%
·
·
·
EBITDA Margin
9.6%
-83.9%
·
·
·
ROA
5.6%
-53.7%
·
·
·
ROE
8.2%
-75.4%
·
·
·
ROIC
3.9%
-37.9%
·
·
·
Liquidity & Solvency2
Metric
Trend
Q2 2026
Q1 2026
Q4 2025
Q2 2025
Q1 2025
Current Ratio
1.5
1.7
·
·
·
Quick Ratio
1.1
1.3
·
·
·
Efficiency2
Metric
Trend
Q2 2026
Q1 2026
Q4 2025
Q2 2025
Q1 2025
Asset Turnover
0.5
0.6
·
·
·
Receivables Turnover
6.6
7.2
·
·
·
Per Share2
Metric
Trend
Q2 2026
Q1 2026
Q4 2025
Q2 2025
Q1 2025
Revenue / Share
$2.89
$4.01
·
·
·
Cash Flow / Share
·
$0.65
·
·
·
Valuation (TTM)3
Metric
Trend
Q2 2026
Q1 2026
Q4 2025
Q2 2025
Q1 2025
Market Cap
$0
$0
·
·
·
P / Tangible Book
0.0
0.0
·
·
·
P / Cash Flow
·
0.0
·
·
·
Most recent period on the left · null values shown as ·
Financial Statements
Income statement, balance sheet, cash flow — annual, last 5 years
16
Metric
2025-12-31
2024-12-31
Revenue
$388M
$255M
Operating Margin %
18.8%
·
Net Income
$71M
$49M
Diluted EPS
$1.22
$0.85
Metric
2025-12-31
2024-12-31
Current Ratio
2.2
·
Quick Ratio
1.4
·
Metric
2025-12-31
2024-12-31
Free Cash Flow
$35M
·
Institutional owners (13F)
70 filers
· $288.8M total
· As of June 30, 2026
17
Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.
Holders70
Value held$288.8M
New positions23
Exited positions22
Institutional activity — Q2 2026 vs prior quarter
New positions
Exited positions
Increased
Decreased
Net shares change
23
22
12
20
·
Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair. Change vs prior quarter not shown: filer coverage differs too much between these two quarters for a reliable comparison.