| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $972.9K | $883.3K | $1M | 10.1% | -3.8% |
| Op. Income | -$58M | -$44M | -$24M | -32.5% | -143.8% |
| Gross Margin | 54.1% | 61.2% | 87.8% | -7.1pp | -33.7pp |
| Net Margin | -5633.5% | -2262.2% | -1904.1% | -3371.2pp | -3729.4pp |
| EPS (Diluted) | $-0.20 | $-0.08 | $-0.10 | -140.7% | -108.8% |
| Free Cash Flow | $10M | $2M | -$32M | 474.6% | 131.7% |
| Item | Amount |
|---|---|
| REVENUE | $972.9K |
| Cost of Revenue | $446.8K |
| GROSS PROFIT | $526.1K |
| R&D Expenses | $8M |
| Selling & Marketing | $717.5K |
| General & Administrative | $31M |
| SG&A Expenses | $32M |
| Other Expenses | $18M |
| Operating Expenses | $58M |
| Cost & Expenses | $59M |
| OPERATING INCOME | -$58M |
| Interest Income | $13M |
| Interest Expense | $11M |
| Other Income/Expenses | $3M |
| INCOME BEFORE TAX | -$55M |
| Income Tax Expense | $84.6K |
| Net Income from Continuing Ops | -$55M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$55M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$55M |
| D&A | $2M |
| EBIT | -$43M |
| EBITDA | -$41M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$55M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $10M |
| Deferred Income Tax | $84.6K |
| Other Non-Cash Items | $42M |
| Change in Working Capital | $11M |
| OPERATING CASH FLOW | $10M |
| Capital Expenditure | -$14.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$1.9B |
| Sales/Maturities of Investments | $75M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$1.8B |
| Net Debt Issuance | -$5M |
| Common Stock Repurchased | -$6M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $30.1K |
| NET CASH FROM FINANCING | -$11M |
| FREE CASH FLOW | $10M |
| Net Change in Cash | -$1.8B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $502M |
| Short-Term Investments | $550M |
| Net Receivables | $588M |
| Inventory | $0 |
| Other Current Assets | $10M |
| TOTAL CURRENT ASSETS | $1.7B |
| PP&E (Net) | $6M |
| Goodwill | $121M |
| Intangible Assets | $21M |
| Long-Term Investments | $1.5B |
| Tax Assets | $0 |
| Other Non-Current Assets | $0 |
| TOTAL NON-CURRENT ASSETS | $1.6B |
| TOTAL ASSETS | $3.3B |
| Account Payables | $8M |
| Short-Term Debt | $6M |
| Deferred Revenue | $23.8K |
| Other Current Liabilities | $24M |
| TOTAL CURRENT LIABILITIES | $39M |
| Long-Term Debt | $946M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $394.9K |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $948M |
| TOTAL LIABILITIES | $987M |
| Common Stock | $28.1K |
| Additional Paid-In Capital | $5.3B |
| Retained Earnings | -$3.1B |
| Treasury Stock | -$18M |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.3B |
| Minority Interest | $190.0K |
| TOTAL EQUITY | $2.3B |
| TOTAL LIABILITIES & EQUITY | $3.3B |
| Total Debt | $954M |
| Net Debt | $452M |
