| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $200M | $132M | $157M | 51.7% | 27.6% |
| Op. Income | $32M | -$9M | $20M | 458.2% | 59.1% |
| Gross Margin | 63.9% | 59.1% | 65.2% | 4.7pp | -1.3pp |
| Net Margin | 14.8% | -9.1% | 24.8% | 23.9pp | -10.0pp |
| EPS (Diluted) | $0.23 | $-0.10 | $0.30 | 333.5% | -23.3% |
| Free Cash Flow | $150M | $21M | $191M | 598.7% | -21.5% |
| Item | Amount |
|---|---|
| REVENUE | $200M |
| Cost of Revenue | $72M |
| GROSS PROFIT | $128M |
| R&D Expenses | $18M |
| Selling & Marketing | $42M |
| General & Administrative | $36M |
| SG&A Expenses | $78M |
| Other Expenses | $0 |
| Operating Expenses | $96M |
| Cost & Expenses | $168M |
| OPERATING INCOME | $32M |
| Interest Income | $769.0K |
| Interest Expense | $1M |
| Other Income/Expenses | -$1M |
| INCOME BEFORE TAX | $31M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | $30M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $30M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $30M |
| D&A | $7M |
| EBIT | $32M |
| EBITDA | $39M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $200M |
| Cost of Revenue | $72M |
| GROSS PROFIT | $128M |
| R&D Expenses | $18M |
| Selling & Marketing | $42M |
| General & Administrative | $36M |
| SG&A Expenses | $78M |
| Other Expenses | $0 |
| Operating Expenses | $96M |
| Cost & Expenses | $168M |
| OPERATING INCOME | $32M |
| Interest Income | $769.0K |
| Interest Expense | $1M |
| Other Income/Expenses | -$1M |
| INCOME BEFORE TAX | $31M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | $30M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $30M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $30M |
| D&A | $7M |
| EBIT | $32M |
| EBITDA | $39M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $30M |
| Depreciation & Amortization | $7M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | -$1M |
| Other Non-Cash Items | $9M |
| Change in Working Capital | $107M |
| OPERATING CASH FLOW | $150M |
| Capital Expenditure | -$226.0K |
| Acquisitions (Net) | -$5M |
| Purchases of Investments | $603.0K |
| Sales/Maturities of Investments | $12M |
| Other Investing Activities | $3M |
| NET CASH FROM INVESTING | $5M |
| Net Debt Issuance | -$46M |
| Common Stock Repurchased | -$10M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$3M |
| NET CASH FROM FINANCING | -$57M |
| FREE CASH FLOW | $150M |
| Net Change in Cash | $105M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $355M |
| Short-Term Investments | $22M |
| Net Receivables | $188M |
| Inventory | $0 |
| Other Current Assets | $41M |
| TOTAL CURRENT ASSETS | $606M |
| PP&E (Net) | $20M |
| Goodwill | $406M |
| Intangible Assets | $194M |
| Long-Term Investments | $4M |
| Tax Assets | $0 |
| Other Non-Current Assets | $29M |
| TOTAL NON-CURRENT ASSETS | $654M |
| TOTAL ASSETS | $1.3B |
| Account Payables | $322M |
| Short-Term Debt | $0 |
| Deferred Revenue | $21M |
| Other Current Liabilities | $53M |
| TOTAL CURRENT LIABILITIES | $396M |
| Long-Term Debt | $15M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $13M |
| Other Non-Current Liabilities | $7M |
| TOTAL NON-CURRENT LIABILITIES | $35M |
| TOTAL LIABILITIES | $431M |
| Common Stock | $13.0K |
| Additional Paid-In Capital | $1.1B |
| Retained Earnings | -$157M |
| Treasury Stock | -$109M |
| Accum. Other Comp. Income | $5M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $829M |
| Minority Interest | $0 |
| TOTAL EQUITY | $829M |
| TOTAL LIABILITIES & EQUITY | $1.3B |
| Total Debt | $15M |
| Net Debt | -$340M |
