June 15, 2025
Operating Assets

Revenue Growth Amidst Strategic Shifts

Revenue: $260 million, up 3% year over year. Adjusted EBITDA: Negative $1 million, a $33 million improvement from last year’s Q2. GAAP Gross Margin: 43.7%. Non-GAAP Gross Margin: 47.1%. GAAP Operating Expenses: $175 million, down 4% year over year. Non-GAAP Operating Expenses: $135 million, down 14% year over year. Free Cash Flow: Negative $65 million,

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