| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $246M | $248M | $274M | -0.8% | -10.0% |
| Op. Income | $64M | -$338M | -$838M | 118.8% | 107.6% |
| Gross Margin | 71.9% | 70.1% | 70.9% | 1.8pp | 1.0pp |
| Net Margin | 15.2% | -102.2% | -224.1% | 117.4pp | 239.3pp |
| EPS (Diluted) | $0.36 | $-2.41 | $-5.11 | 114.9% | 107.0% |
| Free Cash Flow | $74M | $68M | $92M | 9.0% | -19.7% |
| Item | Amount |
|---|---|
| REVENUE | $246M |
| Cost of Revenue | $69M |
| GROSS PROFIT | $177M |
| R&D Expenses | $30M |
| Selling & Marketing | $33M |
| General & Administrative | $46M |
| SG&A Expenses | $79M |
| Other Expenses | $5M |
| Operating Expenses | $113M |
| Cost & Expenses | $183M |
| OPERATING INCOME | $64M |
| Interest Income | $0 |
| Interest Expense | $11M |
| Other Income/Expenses | -$3M |
| INCOME BEFORE TAX | $61M |
| Income Tax Expense | $10M |
| Net Income from Continuing Ops | $52M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $37M |
| Net Income Deductions | -$14M |
| BOTTOM LINE NET INCOME | $52M |
| D&A | $5M |
| EBIT | $72M |
| EBITDA | $76M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $246M |
| Cost of Revenue | $69M |
| GROSS PROFIT | $177M |
| R&D Expenses | $30M |
| Selling & Marketing | $33M |
| General & Administrative | $46M |
| SG&A Expenses | $79M |
| Other Expenses | $5M |
| Operating Expenses | $113M |
| Cost & Expenses | $183M |
| OPERATING INCOME | $64M |
| Interest Income | $0 |
| Interest Expense | $11M |
| Other Income/Expenses | -$3M |
| INCOME BEFORE TAX | $61M |
| Income Tax Expense | $10M |
| Net Income from Continuing Ops | $52M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $37M |
| Net Income Deductions | -$14M |
| BOTTOM LINE NET INCOME | $52M |
| D&A | $5M |
| EBIT | $72M |
| EBITDA | $76M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $37M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $12M |
| Deferred Income Tax | $948.0K |
| Other Non-Cash Items | $9M |
| Change in Working Capital | $17M |
| OPERATING CASH FLOW | $77M |
| Capital Expenditure | -$3M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$3M |
| Net Debt Issuance | -$26M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$2M |
| NET CASH FROM FINANCING | -$28M |
| FREE CASH FLOW | $74M |
| Net Change in Cash | $46M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $308M |
| Short-Term Investments | $0 |
| Net Receivables | $93M |
| Inventory | $0 |
| Other Current Assets | $20M |
| TOTAL CURRENT ASSETS | $437M |
| PP&E (Net) | $17M |
| Goodwill | $1.1B |
| Intangible Assets | $588M |
| Long-Term Investments | $1M |
| Tax Assets | $0 |
| Other Non-Current Assets | $21M |
| TOTAL NON-CURRENT ASSETS | $1.8B |
| TOTAL ASSETS | $2.2B |
| Account Payables | $4M |
| Short-Term Debt | $6M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $43M |
| TOTAL CURRENT LIABILITIES | $123M |
| Long-Term Debt | $584M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $442M |
| TOTAL NON-CURRENT LIABILITIES | $1.0B |
| TOTAL LIABILITIES | $1.2B |
| Common Stock | $1M |
| Additional Paid-In Capital | $1.4B |
| Retained Earnings | -$904M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $137M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $675M |
| Minority Interest | $362M |
| TOTAL EQUITY | $1.0B |
| TOTAL LIABILITIES & EQUITY | $2.2B |
| Total Debt | $600M |
| Net Debt | $292M |
