| Metric | Q3 2026 | Q2 2026 | Q3 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $185M | $169M | $169M | 9.8% | 9.8% |
| Op. Income | $72M | $64M | $80M | 12.9% | -10.0% |
| Gross Margin | 89.9% | 90.3% | 91.6% | -0.4pp | -1.7pp |
| Net Margin | 33.3% | 36.8% | 44.6% | -3.6pp | -11.3pp |
| EPS (Diluted) | $0.31 | $0.31 | $0.37 | 0.0% | -16.2% |
| Free Cash Flow | $63M | $92M | $63M | -31.4% | -0.9% |
| Item | Amount |
|---|---|
| REVENUE | $185M |
| Cost of Revenue | $19M |
| GROSS PROFIT | $166M |
| R&D Expenses | $35M |
| Selling & Marketing | $42M |
| General & Administrative | $18M |
| SG&A Expenses | $60M |
| Other Expenses | $0 |
| Operating Expenses | $94M |
| Cost & Expenses | $113M |
| OPERATING INCOME | $72M |
| Interest Income | $9M |
| Interest Expense | $0 |
| Other Income/Expenses | $9M |
| INCOME BEFORE TAX | $81M |
| Income Tax Expense | $19M |
| Net Income from Continuing Ops | $62M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $62M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $62M |
| D&A | $4M |
| EBIT | $72M |
| EBITDA | $76M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $185M |
| Cost of Revenue | $19M |
| GROSS PROFIT | $166M |
| R&D Expenses | $35M |
| Selling & Marketing | $42M |
| General & Administrative | $18M |
| SG&A Expenses | $60M |
| Other Expenses | $0 |
| Operating Expenses | $94M |
| Cost & Expenses | $113M |
| OPERATING INCOME | $72M |
| Interest Income | $9M |
| Interest Expense | $0 |
| Other Income/Expenses | $9M |
| INCOME BEFORE TAX | $81M |
| Income Tax Expense | $19M |
| Net Income from Continuing Ops | $62M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $62M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $62M |
| D&A | $4M |
| EBIT | $72M |
| EBITDA | $76M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $62M |
| Depreciation & Amortization | $4M |
| Stock-Based Compensation | $34M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $1M |
| Change in Working Capital | -$40M |
| OPERATING CASH FLOW | $61M |
| Capital Expenditure | $2M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$241M |
| Sales/Maturities of Investments | $279M |
| Other Investing Activities | -$2M |
| NET CASH FROM INVESTING | $38M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$197M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$7M |
| NET CASH FROM FINANCING | -$204M |
| FREE CASH FLOW | $63M |
| Net Change in Cash | -$104M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $65M |
| Short-Term Investments | $670M |
| Net Receivables | $157M |
| Inventory | $0 |
| Other Current Assets | $102M |
| TOTAL CURRENT ASSETS | $993M |
| PP&E (Net) | $25M |
| Goodwill | $85M |
| Intangible Assets | $37M |
| Long-Term Investments | $0 |
| Tax Assets | $15M |
| Other Non-Current Assets | $2M |
| TOTAL NON-CURRENT ASSETS | $164M |
| TOTAL ASSETS | $1.2B |
| Account Payables | $5M |
| Short-Term Debt | $0 |
| Deferred Revenue | $66M |
| Other Current Liabilities | $15M |
| TOTAL CURRENT LIABILITIES | $150M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $174.0K |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $19M |
| TOTAL NON-CURRENT LIABILITIES | $28M |
| TOTAL LIABILITIES | $178M |
| Common Stock | $185.0K |
| Additional Paid-In Capital | $957M |
| Retained Earnings | $21M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $1M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $979M |
| Minority Interest | $0 |
| TOTAL EQUITY | $979M |
| TOTAL LIABILITIES & EQUITY | $1.2B |
| Total Debt | $11M |
| Net Debt | -$54M |
