| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.2B | $1.1B | $942M | 8.3% | 29.4% |
| Op. Income | $75M | $35M | $28M | 116.5% | 168.0% |
| Gross Margin | 38.5% | 37.4% | 39.7% | 1.1pp | -1.2pp |
| Net Margin | 4.1% | 0.8% | 1.5% | 3.3pp | 2.6pp |
| EPS (Diluted) | $0.35 | $0.06 | $0.10 | 465.4% | 257.5% |
| Free Cash Flow | $230M | $128M | -$179M | 79.4% | 228.5% |
| Item | Amount |
|---|---|
| REVENUE | $1.2B |
| Cost of Revenue | $750M |
| GROSS PROFIT | $470M |
| R&D Expenses | $185M |
| Selling & Marketing | $149M |
| General & Administrative | $61M |
| SG&A Expenses | $209M |
| Other Expenses | $0 |
| Operating Expenses | $394M |
| Cost & Expenses | $1.1B |
| OPERATING INCOME | $75M |
| Interest Income | $16M |
| Interest Expense | $23M |
| Other Income/Expenses | -$9M |
| INCOME BEFORE TAX | $66M |
| Income Tax Expense | $16M |
| Net Income from Continuing Ops | $50M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $50M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $50M |
| D&A | $36M |
| EBIT | $89M |
| EBITDA | $124M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $1.2B |
| Cost of Revenue | $750M |
| GROSS PROFIT | $470M |
| R&D Expenses | $185M |
| Selling & Marketing | $149M |
| General & Administrative | $61M |
| SG&A Expenses | $209M |
| Other Expenses | $0 |
| Operating Expenses | $394M |
| Cost & Expenses | $1.1B |
| OPERATING INCOME | $75M |
| Interest Income | $16M |
| Interest Expense | $23M |
| Other Income/Expenses | -$9M |
| INCOME BEFORE TAX | $66M |
| Income Tax Expense | $16M |
| Net Income from Continuing Ops | $50M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $50M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $50M |
| D&A | $36M |
| EBIT | $89M |
| EBITDA | $124M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $50M |
| Depreciation & Amortization | $36M |
| Stock-Based Compensation | $47M |
| Deferred Income Tax | -$11M |
| Other Non-Cash Items | $21M |
| Change in Working Capital | $32M |
| OPERATING CASH FLOW | $174M |
| Capital Expenditure | $56M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$32M |
| Sales/Maturities of Investments | $94M |
| Other Investing Activities | -$98M |
| NET CASH FROM INVESTING | $20M |
| Net Debt Issuance | -$3M |
| Common Stock Repurchased | -$82M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$19M |
| NET CASH FROM FINANCING | -$85M |
| FREE CASH FLOW | $230M |
| Net Change in Cash | $106M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.1B |
| Short-Term Investments | $270M |
| Net Receivables | $1.2B |
| Inventory | $860M |
| Other Current Assets | $310M |
| TOTAL CURRENT ASSETS | $3.7B |
| PP&E (Net) | $40M |
| Goodwill | $445M |
| Intangible Assets | $139M |
| Long-Term Investments | $64M |
| Tax Assets | $852M |
| Other Non-Current Assets | $522M |
| TOTAL NON-CURRENT ASSETS | $2.1B |
| TOTAL ASSETS | $5.7B |
| Account Payables | $465M |
| Short-Term Debt | $12M |
| Deferred Revenue | $196M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $1.1B |
| Long-Term Debt | $1.5B |
| Deferred Revenue NC | $81M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $196M |
| TOTAL NON-CURRENT LIABILITIES | $1.8B |
| TOTAL LIABILITIES | $3.0B |
| Common Stock | $1M |
| Additional Paid-In Capital | $6.0B |
| Retained Earnings | -$3.2B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$45M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.8B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.8B |
| TOTAL LIABILITIES & EQUITY | $5.7B |
| Total Debt | $1.6B |
| Net Debt | $531M |
