| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $231M | $192M | $113M | 20.1% | 103.9% |
| Op. Income | $55M | $40M | -$9M | 39.3% | 722.8% |
| Gross Margin | 76.2% | 75.8% | 77.7% | 0.4pp | -1.5pp |
| Net Margin | 39.5% | 26.7% | -6.7% | 12.8pp | 46.2pp |
| EPS (Diluted) | $0.50 | $0.29 | $-0.05 | 72.4% | 1133.1% |
| Free Cash Flow | $66M | $133M | $47M | -50.6% | 40.7% |
| Item | Amount |
|---|---|
| REVENUE | $231M |
| Cost of Revenue | $55M |
| GROSS PROFIT | $176M |
| R&D Expenses | $79M |
| Selling & Marketing | $19M |
| General & Administrative | $22M |
| SG&A Expenses | $41M |
| Other Expenses | $0 |
| Operating Expenses | $120M |
| Cost & Expenses | $175M |
| OPERATING INCOME | $55M |
| Interest Income | $11M |
| Interest Expense | $0 |
| Other Income/Expenses | $11M |
| INCOME BEFORE TAX | $67M |
| Income Tax Expense | -$24M |
| Net Income from Continuing Ops | $91M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $91M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $91M |
| D&A | $2M |
| EBIT | $67M |
| EBITDA | $68M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $231M |
| Cost of Revenue | $55M |
| GROSS PROFIT | $176M |
| R&D Expenses | $79M |
| Selling & Marketing | $19M |
| General & Administrative | $22M |
| SG&A Expenses | $41M |
| Other Expenses | $0 |
| Operating Expenses | $120M |
| Cost & Expenses | $175M |
| OPERATING INCOME | $55M |
| Interest Income | $11M |
| Interest Expense | $0 |
| Other Income/Expenses | $11M |
| INCOME BEFORE TAX | $67M |
| Income Tax Expense | -$24M |
| Net Income from Continuing Ops | $91M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $91M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $91M |
| D&A | $2M |
| EBIT | $67M |
| EBITDA | $68M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $91M |
| Depreciation & Amortization | $1M |
| Stock-Based Compensation | $41M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $356.0K |
| Change in Working Capital | -$56M |
| OPERATING CASH FLOW | $78M |
| Capital Expenditure | -$12M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$260M |
| Sales/Maturities of Investments | $171M |
| Other Investing Activities | -$500.0K |
| NET CASH FROM INVESTING | -$101M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$4M |
| NET CASH FROM FINANCING | $952.0K |
| FREE CASH FLOW | $66M |
| Net Change in Cash | -$22M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $140M |
| Short-Term Investments | $994M |
| Net Receivables | $43M |
| Inventory | $52M |
| Other Current Assets | $61M |
| TOTAL CURRENT ASSETS | $1.3B |
| PP&E (Net) | $72M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $39M |
| TOTAL NON-CURRENT ASSETS | $111M |
| TOTAL ASSETS | $1.4B |
| Account Payables | $26M |
| Short-Term Debt | $4M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $71M |
| TOTAL CURRENT LIABILITIES | $101M |
| Long-Term Debt | $27M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | -$25M |
| TOTAL NON-CURRENT LIABILITIES | $28M |
| TOTAL LIABILITIES | $129M |
| Common Stock | $17.0K |
| Additional Paid-In Capital | $1.3B |
| Retained Earnings | -$35M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $4M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.3B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.3B |
| TOTAL LIABILITIES & EQUITY | $1.4B |
| Total Debt | $58M |
| Net Debt | -$82M |
