| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $169M | $137M | $135M | 23.2% | 24.6% |
| Op. Income | $80M | $53M | $59M | 50.4% | 36.5% |
| Gross Margin | 91.6% | 90.0% | 91.0% | 1.6pp | 0.6pp |
| Net Margin | 44.6% | 32.3% | 35.4% | 12.3pp | 9.2pp |
| EPS (Diluted) | $0.37 | $0.22 | $0.24 | 68.2% | 54.2% |
| Free Cash Flow | $63M | $67M | $49M | -5.1% | 30.1% |
| Item | Amount |
|---|---|
| REVENUE | $169M |
| Cost of Revenue | $14M |
| GROSS PROFIT | $154M |
| R&D Expenses | $22M |
| Selling & Marketing | $38M |
| General & Administrative | $14M |
| SG&A Expenses | $52M |
| Other Expenses | $0 |
| Operating Expenses | $74M |
| Cost & Expenses | $89M |
| OPERATING INCOME | $80M |
| Interest Income | $10M |
| Interest Expense | $0 |
| Other Income/Expenses | $10M |
| INCOME BEFORE TAX | $90M |
| Income Tax Expense | $15M |
| Net Income from Continuing Ops | $75M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $75M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $75M |
| D&A | $3M |
| EBIT | $80M |
| EBITDA | $83M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $169M |
| Cost of Revenue | $14M |
| GROSS PROFIT | $154M |
| R&D Expenses | $22M |
| Selling & Marketing | $38M |
| General & Administrative | $14M |
| SG&A Expenses | $52M |
| Other Expenses | $0 |
| Operating Expenses | $74M |
| Cost & Expenses | $89M |
| OPERATING INCOME | $80M |
| Interest Income | $10M |
| Interest Expense | $0 |
| Other Income/Expenses | $10M |
| INCOME BEFORE TAX | $90M |
| Income Tax Expense | $15M |
| Net Income from Continuing Ops | $75M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $75M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $75M |
| D&A | $3M |
| EBIT | $80M |
| EBITDA | $83M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $75M |
| Depreciation & Amortization | $3M |
| Stock-Based Compensation | $19M |
| Deferred Income Tax | $2M |
| Other Non-Cash Items | -$53M |
| Change in Working Capital | $19M |
| OPERATING CASH FLOW | $65M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$164M |
| Sales/Maturities of Investments | $107M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$59M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$19M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$6M |
| NET CASH FROM FINANCING | -$25M |
| FREE CASH FLOW | $63M |
| Net Change in Cash | -$19M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $165M |
| Short-Term Investments | $680M |
| Net Receivables | $138M |
| Inventory | $0 |
| Other Current Assets | $30M |
| TOTAL CURRENT ASSETS | $1.0B |
| PP&E (Net) | $23M |
| Goodwill | $68M |
| Intangible Assets | $24M |
| Long-Term Investments | $0 |
| Tax Assets | $43M |
| Other Non-Current Assets | $1M |
| TOTAL NON-CURRENT ASSETS | $159M |
| TOTAL ASSETS | $1.2B |
| Account Payables | $2M |
| Short-Term Debt | $0 |
| Deferred Revenue | $69M |
| Other Current Liabilities | $13M |
| TOTAL CURRENT LIABILITIES | $116M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $73.0K |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $14M |
| TOTAL NON-CURRENT LIABILITIES | $25M |
| TOTAL LIABILITIES | $141M |
| Common Stock | $188.0K |
| Additional Paid-In Capital | $879M |
| Retained Earnings | $151M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $1M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.0B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.0B |
| TOTAL LIABILITIES & EQUITY | $1.2B |
| Total Debt | $13M |
| Net Debt | -$152M |
