| Metric | Q3 2026 | Q2 2026 | Q3 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $450M | $423M | $382M | 6.2% | 17.7% |
| Op. Income | $611.0K | -$8M | -$5M | 107.4% | 113.2% |
| Gross Margin | 76.3% | 75.9% | 74.6% | 0.4pp | 1.8pp |
| Net Margin | 1.7% | -12.1% | -4.5% | 13.8pp | 6.2pp |
| EPS (Diluted) | $0.07 | $-0.48 | $-0.16 | 115.2% | 145.6% |
| Free Cash Flow | $42M | $26M | $87M | 60.7% | -52.1% |
| Item | Amount |
|---|---|
| REVENUE | $450M |
| Cost of Revenue | $106M |
| GROSS PROFIT | $343M |
| R&D Expenses | $114M |
| Selling & Marketing | $177M |
| General & Administrative | $52M |
| SG&A Expenses | $228M |
| Other Expenses | $0 |
| Operating Expenses | $343M |
| Cost & Expenses | $449M |
| OPERATING INCOME | $611.0K |
| Interest Income | $0 |
| Interest Expense | $44M |
| Other Income/Expenses | $6M |
| INCOME BEFORE TAX | $6M |
| Income Tax Expense | -$2M |
| Net Income from Continuing Ops | $8M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $8M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $8M |
| D&A | $3M |
| EBIT | $50M |
| EBITDA | $53M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $450M |
| Cost of Revenue | $106M |
| GROSS PROFIT | $343M |
| R&D Expenses | $114M |
| Selling & Marketing | $177M |
| General & Administrative | $52M |
| SG&A Expenses | $228M |
| Other Expenses | $0 |
| Operating Expenses | $343M |
| Cost & Expenses | $449M |
| OPERATING INCOME | $611.0K |
| Interest Income | $0 |
| Interest Expense | $44M |
| Other Income/Expenses | $6M |
| INCOME BEFORE TAX | $6M |
| Income Tax Expense | -$2M |
| Net Income from Continuing Ops | $8M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $8M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $8M |
| D&A | $3M |
| EBIT | $50M |
| EBITDA | $53M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $8M |
| Depreciation & Amortization | $3M |
| Stock-Based Compensation | $78M |
| Deferred Income Tax | $6M |
| Other Non-Cash Items | $51M |
| Change in Working Capital | -$103M |
| OPERATING CASH FLOW | $43M |
| Capital Expenditure | -$936.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$73M |
| Sales/Maturities of Investments | $157M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $83M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$190M |
| NET CASH FROM FINANCING | -$190M |
| FREE CASH FLOW | $42M |
| Net Change in Cash | -$63M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $741M |
| Short-Term Investments | $511M |
| Net Receivables | $357M |
| Inventory | $0 |
| Other Current Assets | $182M |
| TOTAL CURRENT ASSETS | $1.8B |
| PP&E (Net) | $25M |
| Goodwill | $359M |
| Intangible Assets | $16M |
| Long-Term Investments | $0 |
| Tax Assets | $107M |
| Other Non-Current Assets | $144M |
| TOTAL NON-CURRENT ASSETS | $651M |
| TOTAL ASSETS | $2.4B |
| Account Payables | $29M |
| Short-Term Debt | $7M |
| Deferred Revenue | $764M |
| Other Current Liabilities | $64M |
| TOTAL CURRENT LIABILITIES | $983M |
| Long-Term Debt | $571M |
| Deferred Revenue NC | $45M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $35M |
| TOTAL NON-CURRENT LIABILITIES | $664M |
| TOTAL LIABILITIES | $1.6B |
| Common Stock | $1M |
| Additional Paid-In Capital | $2.3B |
| Retained Earnings | -$1.2B |
| Treasury Stock | -$300M |
| Accum. Other Comp. Income | -$25M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $791M |
| Minority Interest | $0 |
| TOTAL EQUITY | $791M |
| TOTAL LIABILITIES & EQUITY | $2.4B |
| Total Debt | $592M |
| Net Debt | -$149M |
