| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $851M | $811M | $709M | 4.9% | 20.0% |
| Op. Income | -$26M | -$2M | -$39M | -1089.2% | 35.2% |
| Gross Margin | 68.6% | 69.3% | 69.4% | -0.7pp | -0.7pp |
| Net Margin | -2.3% | -0.1% | -5.4% | -2.2pp | 3.1pp |
| EPS (Diluted) | $-0.10 | $-0.01 | $-0.21 | -1487.3% | 52.4% |
| Free Cash Flow | $190M | $47M | $113M | 307.1% | 68.8% |
| Item | Amount |
|---|---|
| REVENUE | $851M |
| Cost of Revenue | $267M |
| GROSS PROFIT | $584M |
| R&D Expenses | $117M |
| Selling & Marketing | $250M |
| General & Administrative | $241M |
| SG&A Expenses | $492M |
| Other Expenses | $543.0K |
| Operating Expenses | $609M |
| Cost & Expenses | $876M |
| OPERATING INCOME | -$26M |
| Interest Income | $0 |
| Interest Expense | $10M |
| Other Income/Expenses | $8M |
| INCOME BEFORE TAX | -$18M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | -$20M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$20M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$20M |
| D&A | $56M |
| EBIT | -$8M |
| EBITDA | $48M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$20M |
| Depreciation & Amortization | $56M |
| Stock-Based Compensation | $52M |
| Deferred Income Tax | $501.0K |
| Other Non-Cash Items | $11M |
| Change in Working Capital | $120M |
| OPERATING CASH FLOW | $220M |
| Capital Expenditure | -$30M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$97M |
| Sales/Maturities of Investments | $40M |
| Other Investing Activities | $152.0K |
| NET CASH FROM INVESTING | -$86M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$2M |
| NET CASH FROM FINANCING | -$2M |
| FREE CASH FLOW | $190M |
| Net Change in Cash | $132M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $789M |
| Short-Term Investments | $214M |
| Net Receivables | $306M |
| Inventory | $165M |
| Other Current Assets | $117M |
| TOTAL CURRENT ASSETS | $1.6B |
| PP&E (Net) | $838M |
| Goodwill | $2.4B |
| Intangible Assets | $941M |
| Long-Term Investments | $112M |
| Tax Assets | $0 |
| Other Non-Current Assets | $50M |
| TOTAL NON-CURRENT ASSETS | $4.3B |
| TOTAL ASSETS | $5.9B |
| Account Payables | $129M |
| Short-Term Debt | $38M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $417M |
| TOTAL CURRENT LIABILITIES | $584M |
| Long-Term Debt | $2.3B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $7M |
| Other Non-Current Liabilities | $310M |
| TOTAL NON-CURRENT LIABILITIES | $2.8B |
| TOTAL LIABILITIES | $3.4B |
| Common Stock | $2M |
| Additional Paid-In Capital | $7.1B |
| Retained Earnings | -$4.6B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $3M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.5B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.5B |
| TOTAL LIABILITIES & EQUITY | $5.9B |
| Total Debt | $2.5B |
| Net Debt | $1.7B |
