Total Revenue

15% decline (from $159,134K in Q2 2024 to $143,418K in Q2 2025)

The decline in revenue reflects weaker sales performance compared to the previous period, likely due to ongoing market pressures and lower demand in key segments that had previously driven higher revenue levels. " "

Operating Loss

Improved by over 89% (from $(146,955)K in Q2 2024 to $(16,151)K in Q2 2025)

A dramatic reduction in operating loss indicates that the company has implemented effective cost reduction and operational efficiency measures, significantly lowering nonrecurring and operational expenses relative to the previous period despite a revenue decline. " "

Net Loss

Reduced by about 70% (from $(136,880)K in Q2 2024 to $(40,456)K in Q2 2025)

The significant drop in net loss is attributable to improved operating performance and lower operating losses, helping to offset the revenue decline; enhanced expense management and a better cost structure compared to Q2 2024 contributed to these gains. " "

Basic Net Loss per Share

Improved from $(2.47) in Q2 2024 to $(0.88) in Q2 2025

Per-share performance improved due to a combination of lower aggregate net loss and a reduction in the weighted average shares outstanding, thus amplifying the positive impact on the per-share loss metric compared to the prior period. " "

Total Assets

Declined roughly 20% (from $2,563,497K in Q2 2024 to $2,041,925K in Q2 2025)

The reduction in total assets is driven primarily by a decrease in cash and marketable securities, partly due to previous high share repurchase activities and lower operating inflows, contrasting with the earlier period’s higher asset balances. " "

Cash and Equivalents

Declined 28% (from $353,491K in Q2 2024 to $253,642K in Q2 2025)

A significant drop in cash and equivalents resulted from considerable financing outflows (such as share repurchases) and changes in investing activities relative to the previous period’s higher cash balance, despite some offsetting operating and investing cash inflows. " "

Stockholders’ Equity

Decreased by about 23.5% (from $2,222,871K in Q2 2024 to $1,701,492K in Q2 2025)

The decline in stockholders’ equity reflects the cumulative impact of continued net losses, aggressive share repurchase activity, and market-related adjustments (such as currency translation losses), which further eroded equity from levels seen in the previous period. " "