| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $210M | $206M | $189M | 2.2% | 11.3% |
| Op. Income | $63M | $82M | $67M | -22.7% | -5.8% |
| Gross Margin | 63.3% | 74.6% | 68.8% | -11.3pp | -5.5pp |
| Net Margin | 24.9% | 32.4% | 29.3% | -7.5pp | -4.4pp |
| EPS (Diluted) | $0.36 | $0.47 | $0.39 | -23.4% | -7.7% |
| Free Cash Flow | $77M | $59M | $78M | 30.6% | -1.3% |
| Item | Amount |
|---|---|
| REVENUE | $210M |
| Cost of Revenue | $77M |
| GROSS PROFIT | $133M |
| R&D Expenses | $0 |
| Selling & Marketing | $744.0K |
| General & Administrative | $45M |
| SG&A Expenses | $46M |
| Other Expenses | $24M |
| Operating Expenses | $70M |
| Cost & Expenses | $147M |
| OPERATING INCOME | $63M |
| Interest Income | $181M |
| Interest Expense | $53M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $63M |
| Income Tax Expense | $11M |
| Net Income from Continuing Ops | $52M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $52M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $52M |
| D&A | $4M |
| EBIT | $63M |
| EBITDA | $67M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $210M |
| Cost of Revenue | $77M |
| GROSS PROFIT | $133M |
| R&D Expenses | $0 |
| Selling & Marketing | $744.0K |
| General & Administrative | $45M |
| SG&A Expenses | $46M |
| Other Expenses | $24M |
| Operating Expenses | $70M |
| Cost & Expenses | $147M |
| OPERATING INCOME | $63M |
| Interest Income | $181M |
| Interest Expense | $53M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $63M |
| Income Tax Expense | $11M |
| Net Income from Continuing Ops | $52M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $52M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $52M |
| D&A | $4M |
| EBIT | $63M |
| EBITDA | $67M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $52M |
| Depreciation & Amortization | $4M |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | -$1.0K |
| Other Non-Cash Items | $34M |
| Change in Working Capital | -$13M |
| OPERATING CASH FLOW | $79M |
| Capital Expenditure | -$3M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$494M |
| Sales/Maturities of Investments | $167M |
| Other Investing Activities | -$182M |
| NET CASH FROM INVESTING | -$512M |
| Net Debt Issuance | $2M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$27M |
| Other Financing Activities | $398M |
| NET CASH FROM FINANCING | $374M |
| FREE CASH FLOW | $77M |
| Net Change in Cash | -$58M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $639M |
| Short-Term Investments | $2.9B |
| Net Receivables | $0 |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $3.6B |
| PP&E (Net) | $150M |
| Goodwill | $314M |
| Intangible Assets | $0 |
| Long-Term Investments | $8.2B |
| Tax Assets | $0 |
| Other Non-Current Assets | $2.7B |
| TOTAL NON-CURRENT ASSETS | $11.3B |
| TOTAL ASSETS | $14.8B |
| Account Payables | $0 |
| Short-Term Debt | $52M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $12.8B |
| TOTAL CURRENT LIABILITIES | $12.9B |
| Long-Term Debt | $21M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $65M |
| TOTAL NON-CURRENT LIABILITIES | $86M |
| TOTAL LIABILITIES | $13.0B |
| Common Stock | $1M |
| Additional Paid-In Capital | $697M |
| Retained Earnings | $1.4B |
| Treasury Stock | -$14M |
| Accum. Other Comp. Income | -$309M |
| Other Equity | $14M |
| TOTAL STOCKHOLDERS' EQUITY | $1.8B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.8B |
| TOTAL LIABILITIES & EQUITY | $14.8B |
| Total Debt | $73M |
| Net Debt | -$566M |
