| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $208M | $194M | $183M | 6.8% | 13.7% |
| Op. Income | $10M | $27M | $47M | -61.7% | -78.1% |
| Gross Margin | 97.8% | 98.2% | 98.4% | -0.4pp | -0.6pp |
| Net Margin | 9.3% | 18.1% | 25.6% | -8.8pp | -16.3pp |
| EPS (Diluted) | $0.16 | $0.29 | $0.41 | -44.8% | -61.0% |
| Free Cash Flow | $54M | $44M | $72M | 24.2% | -24.5% |
| Item | Amount |
|---|---|
| REVENUE | $208M |
| Cost of Revenue | $5M |
| GROSS PROFIT | $203M |
| R&D Expenses | $69M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $124M |
| Other Expenses | $0 |
| Operating Expenses | $193M |
| Cost & Expenses | $197M |
| OPERATING INCOME | $10M |
| Interest Income | $5M |
| Interest Expense | $0 |
| Other Income/Expenses | $5M |
| INCOME BEFORE TAX | $15M |
| Income Tax Expense | $4M |
| Net Income from Continuing Ops | $11M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $9M |
| NET INCOME | $19M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $19M |
| D&A | $477.0K |
| EBIT | $15M |
| EBITDA | $16M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $208M |
| Cost of Revenue | $5M |
| GROSS PROFIT | $203M |
| R&D Expenses | $69M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $124M |
| Other Expenses | $0 |
| Operating Expenses | $193M |
| Cost & Expenses | $197M |
| OPERATING INCOME | $10M |
| Interest Income | $5M |
| Interest Expense | $0 |
| Other Income/Expenses | $5M |
| INCOME BEFORE TAX | $15M |
| Income Tax Expense | $4M |
| Net Income from Continuing Ops | $11M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $9M |
| NET INCOME | $19M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $19M |
| D&A | $477.0K |
| EBIT | $15M |
| EBITDA | $16M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $19M |
| Depreciation & Amortization | $477.0K |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $9M |
| Other Non-Cash Items | $22M |
| Change in Working Capital | $3M |
| OPERATING CASH FLOW | $54M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$37M |
| Sales/Maturities of Investments | $52M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $15M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$42M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$8M |
| NET CASH FROM FINANCING | -$46M |
| FREE CASH FLOW | $54M |
| Net Change in Cash | $22M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $125M |
| Short-Term Investments | $297M |
| Net Receivables | $74M |
| Inventory | $12M |
| Other Current Assets | $11M |
| TOTAL CURRENT ASSETS | $541M |
| PP&E (Net) | $7M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $103M |
| Tax Assets | $153M |
| Other Non-Current Assets | $20M |
| TOTAL NON-CURRENT ASSETS | $282M |
| TOTAL ASSETS | $824M |
| Account Payables | $34M |
| Short-Term Debt | $1M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $101M |
| TOTAL CURRENT LIABILITIES | $172M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $14M |
| TOTAL NON-CURRENT LIABILITIES | $19M |
| TOTAL LIABILITIES | $192M |
| Common Stock | $139.0K |
| Additional Paid-In Capital | $934M |
| Retained Earnings | $619M |
| Treasury Stock | -$923M |
| Accum. Other Comp. Income | $2M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $632M |
| Minority Interest | $0 |
| TOTAL EQUITY | $632M |
| TOTAL LIABILITIES & EQUITY | $824M |
| Total Debt | $6M |
| Net Debt | -$119M |
