| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $152M | $145M | — | 4.5% | — |
| Op. Income | -$33M | -$28M | — | -16.5% | — |
| Gross Margin | 69.8% | 70.2% | — | -0.4pp | — |
| Net Margin | -18.4% | -15.8% | — | -2.5pp | — |
| EPS (Diluted) | $-0.27 | $-0.23 | — | -17.4% | — |
| Free Cash Flow | -$14M | $7M | — | -297.0% | — |
| Item | Amount |
|---|---|
| REVENUE | $152M |
| Cost of Revenue | $46M |
| GROSS PROFIT | $106M |
| R&D Expenses | $33M |
| Selling & Marketing | $75M |
| General & Administrative | $31M |
| SG&A Expenses | $106M |
| Other Expenses | $0 |
| Operating Expenses | $139M |
| Cost & Expenses | $185M |
| OPERATING INCOME | -$33M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $5M |
| INCOME BEFORE TAX | -$27M |
| Income Tax Expense | $851.0K |
| Net Income from Continuing Ops | -$28M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$28M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$28M |
| D&A | $3M |
| EBIT | -$33M |
| EBITDA | -$30M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$28M |
| Depreciation & Amortization | $3M |
| Stock-Based Compensation | $29M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $11M |
| Change in Working Capital | -$26M |
| OPERATING CASH FLOW | -$11M |
| Capital Expenditure | -$3M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$37M |
| Sales/Maturities of Investments | $32M |
| Other Investing Activities | -$915.0K |
| NET CASH FROM INVESTING | -$8M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $1M |
| FREE CASH FLOW | -$14M |
| Net Change in Cash | -$18M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $61M |
| Short-Term Investments | $431M |
| Net Receivables | $90M |
| Inventory | $0 |
| Other Current Assets | $30M |
| TOTAL CURRENT ASSETS | $613M |
| PP&E (Net) | $120M |
| Goodwill | $28M |
| Intangible Assets | $3M |
| Long-Term Investments | $530.0K |
| Tax Assets | $0 |
| Other Non-Current Assets | $76M |
| TOTAL NON-CURRENT ASSETS | $229M |
| TOTAL ASSETS | $842M |
| Account Payables | $3M |
| Short-Term Debt | $0 |
| Deferred Revenue | $224M |
| Other Current Liabilities | $4M |
| TOTAL CURRENT LIABILITIES | $308M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $2M |
| TOTAL NON-CURRENT LIABILITIES | $76M |
| TOTAL LIABILITIES | $384M |
| Common Stock | $10.0K |
| Additional Paid-In Capital | $1.0B |
| Retained Earnings | -$570M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $348.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $458M |
| Minority Interest | -$240.0K |
| TOTAL EQUITY | $458M |
| TOTAL LIABILITIES & EQUITY | $842M |
| Total Debt | $92M |
| Net Debt | $31M |
