| Metric | Q3 2026 | Q2 2026 | Q3 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $182M | $229M | $150M | -20.7% | 21.6% |
| Op. Income | $2M | $22M | -$4M | -91.1% | 153.0% |
| Gross Margin | 24.0% | 27.0% | 24.6% | -3.0pp | -0.6pp |
| Net Margin | 1.7% | 7.6% | -11.5% | -6.0pp | 13.1pp |
| EPS (Diluted) | $0.06 | $0.35 | $-0.36 | -82.5% | 117.0% |
| Free Cash Flow | $8M | $14M | $8M | -42.4% | 3.4% |
| Item | Amount |
|---|---|
| REVENUE | $182M |
| Cost of Revenue | $138M |
| GROSS PROFIT | $44M |
| R&D Expenses | $11M |
| Selling & Marketing | $15M |
| General & Administrative | $16M |
| SG&A Expenses | $31M |
| Other Expenses | $0 |
| Operating Expenses | $42M |
| Cost & Expenses | $180M |
| OPERATING INCOME | $2M |
| Interest Income | $1M |
| Interest Expense | $0 |
| Other Income/Expenses | $2M |
| INCOME BEFORE TAX | $4M |
| Income Tax Expense | $502.0K |
| Net Income from Continuing Ops | $3M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $3M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $3M |
| D&A | $5M |
| EBIT | $2M |
| EBITDA | $7M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $182M |
| Cost of Revenue | $138M |
| GROSS PROFIT | $44M |
| R&D Expenses | $11M |
| Selling & Marketing | $15M |
| General & Administrative | $16M |
| SG&A Expenses | $31M |
| Other Expenses | $0 |
| Operating Expenses | $42M |
| Cost & Expenses | $180M |
| OPERATING INCOME | $2M |
| Interest Income | $1M |
| Interest Expense | $0 |
| Other Income/Expenses | $2M |
| INCOME BEFORE TAX | $4M |
| Income Tax Expense | $502.0K |
| Net Income from Continuing Ops | $3M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $3M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $3M |
| D&A | $5M |
| EBIT | $2M |
| EBITDA | $7M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $3M |
| Depreciation & Amortization | $5M |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$3M |
| Change in Working Capital | $5M |
| OPERATING CASH FLOW | $12M |
| Capital Expenditure | -$4M |
| Acquisitions (Net) | -$255.0K |
| Purchases of Investments | $3M |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$5M |
| NET CASH FROM INVESTING | -$5M |
| Net Debt Issuance | -$2M |
| Common Stock Repurchased | -$11M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$12M |
| FREE CASH FLOW | $8M |
| Net Change in Cash | -$5M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $144M |
| Short-Term Investments | $0 |
| Net Receivables | $167M |
| Inventory | $0 |
| Other Current Assets | $115M |
| TOTAL CURRENT ASSETS | $426M |
| PP&E (Net) | $0 |
| Goodwill | $4M |
| Intangible Assets | $3M |
| Long-Term Investments | $2M |
| Tax Assets | $0 |
| Other Non-Current Assets | $112M |
| TOTAL NON-CURRENT ASSETS | $121M |
| TOTAL ASSETS | $546M |
| Account Payables | $64M |
| Short-Term Debt | $1M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $124M |
| TOTAL CURRENT LIABILITIES | $192M |
| Long-Term Debt | $16M |
| Deferred Revenue NC | $20M |
| Deferred Tax Liabilities | $87.0K |
| Other Non-Current Liabilities | $25M |
| TOTAL NON-CURRENT LIABILITIES | $61M |
| TOTAL LIABILITIES | $253M |
| Common Stock | $0 |
| Additional Paid-In Capital | $196M |
| Retained Earnings | $165M |
| Treasury Stock | -$63M |
| Accum. Other Comp. Income | -$4M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $294M |
| Minority Interest | $0 |
| TOTAL EQUITY | $294M |
| TOTAL LIABILITIES & EQUITY | $546M |
| Total Debt | $17M |
| Net Debt | -$127M |
