| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $286M | $283M | $264M | 0.9% | 8.2% |
| Op. Income | $18M | -$2M | -$15M | 1231.5% | 214.5% |
| Gross Margin | 54.2% | 54.9% | 53.8% | -0.7pp | 0.3pp |
| Net Margin | 6.3% | 0.4% | -1.7% | 5.9pp | 8.0pp |
| EPS (Diluted) | $0.21 | $0.01 | $-0.06 | 1527.9% | 451.2% |
| Free Cash Flow | $49M | $22M | $21M | 125.7% | 134.1% |
| Item | Amount |
|---|---|
| REVENUE | $286M |
| Cost of Revenue | $131M |
| GROSS PROFIT | $155M |
| R&D Expenses | $34M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $103M |
| Other Expenses | $0 |
| Operating Expenses | $137M |
| Cost & Expenses | $268M |
| OPERATING INCOME | $18M |
| Interest Income | $0 |
| Interest Expense | $3M |
| Other Income/Expenses | $953.0K |
| INCOME BEFORE TAX | $19M |
| Income Tax Expense | $643.0K |
| Net Income from Continuing Ops | $18M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $18M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $18M |
| D&A | $43M |
| EBIT | $22M |
| EBITDA | $65M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $286M |
| Cost of Revenue | $131M |
| GROSS PROFIT | $155M |
| R&D Expenses | $34M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $103M |
| Other Expenses | $0 |
| Operating Expenses | $137M |
| Cost & Expenses | $268M |
| OPERATING INCOME | $18M |
| Interest Income | $0 |
| Interest Expense | $3M |
| Other Income/Expenses | $953.0K |
| INCOME BEFORE TAX | $19M |
| Income Tax Expense | $643.0K |
| Net Income from Continuing Ops | $18M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $18M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $18M |
| D&A | $43M |
| EBIT | $22M |
| EBITDA | $65M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $18M |
| Depreciation & Amortization | $43M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $514.0K |
| Other Non-Cash Items | $34M |
| Change in Working Capital | -$36M |
| OPERATING CASH FLOW | $59M |
| Capital Expenditure | -$11M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$254M |
| Sales/Maturities of Investments | $203M |
| Other Investing Activities | -$286.0K |
| NET CASH FROM INVESTING | -$72M |
| Net Debt Issuance | -$3M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $576.0K |
| FREE CASH FLOW | $49M |
| Net Change in Cash | -$12M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $193M |
| Short-Term Investments | $483M |
| Net Receivables | $142M |
| Inventory | $0 |
| Other Current Assets | $14M |
| TOTAL CURRENT ASSETS | $864M |
| PP&E (Net) | $219M |
| Goodwill | $366M |
| Intangible Assets | $55M |
| Long-Term Investments | $750.0K |
| Tax Assets | $2M |
| Other Non-Current Assets | $262M |
| TOTAL NON-CURRENT ASSETS | $904M |
| TOTAL ASSETS | $1.8B |
| Account Payables | $30M |
| Short-Term Debt | $20M |
| Deferred Revenue | $75M |
| Other Current Liabilities | $30M |
| TOTAL CURRENT LIABILITIES | $206M |
| Long-Term Debt | $735M |
| Deferred Revenue NC | $2M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $8M |
| TOTAL NON-CURRENT LIABILITIES | $787M |
| TOTAL LIABILITIES | $993M |
| Common Stock | $78.0K |
| Additional Paid-In Capital | $1.2B |
| Retained Earnings | -$398M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $749.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $775M |
| Minority Interest | $0 |
| TOTAL EQUITY | $775M |
| TOTAL LIABILITIES & EQUITY | $1.8B |
| Total Debt | $798M |
| Net Debt | $605M |
