| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $137M | $127M | $109M | 7.6% | 25.5% |
| Op. Income | -$22M | -$26M | -$30M | 16.9% | 27.8% |
| Gross Margin | 77.4% | 76.3% | 75.0% | 1.2pp | 2.5pp |
| Net Margin | -12.0% | -17.0% | -21.0% | 5.0pp | 9.0pp |
| EPS (Diluted) | $-0.14 | $-0.19 | $-0.21 | 26.3% | 33.3% |
| Free Cash Flow | $29M | $35M | $27M | -18.7% | 7.9% |
| Item | Amount |
|---|---|
| REVENUE | $137M |
| Cost of Revenue | $31M |
| GROSS PROFIT | $106M |
| R&D Expenses | $51M |
| Selling & Marketing | $56M |
| General & Administrative | $20M |
| SG&A Expenses | $76M |
| Other Expenses | $0 |
| Operating Expenses | $128M |
| Cost & Expenses | $158M |
| OPERATING INCOME | -$22M |
| Interest Income | $7M |
| Interest Expense | $0 |
| Other Income/Expenses | $7M |
| INCOME BEFORE TAX | -$15M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | -$16M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$16M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$16M |
| D&A | $6M |
| EBIT | -$15M |
| EBITDA | -$9M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$16M |
| Depreciation & Amortization | $6M |
| Stock-Based Compensation | $41M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $649.0K |
| Change in Working Capital | -$582.0K |
| OPERATING CASH FLOW | $30M |
| Capital Expenditure | -$1M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$159M |
| Sales/Maturities of Investments | $149M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$11M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$629.0K |
| NET CASH FROM FINANCING | $8M |
| FREE CASH FLOW | $29M |
| Net Change in Cash | $27M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $79M |
| Short-Term Investments | $573M |
| Net Receivables | $104M |
| Inventory | $0 |
| Other Current Assets | $20M |
| TOTAL CURRENT ASSETS | $800M |
| PP&E (Net) | $17M |
| Goodwill | $372M |
| Intangible Assets | $45M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $32M |
| TOTAL NON-CURRENT ASSETS | $465M |
| TOTAL ASSETS | $1.3B |
| Account Payables | $17M |
| Short-Term Debt | $7M |
| Deferred Revenue | $281M |
| Other Current Liabilities | $26M |
| TOTAL CURRENT LIABILITIES | $368M |
| Long-Term Debt | $4M |
| Deferred Revenue NC | $28M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $3M |
| TOTAL NON-CURRENT LIABILITIES | $39M |
| TOTAL LIABILITIES | $406M |
| Common Stock | $331.0K |
| Additional Paid-In Capital | $1.3B |
| Retained Earnings | -$416M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $6M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $859M |
| Minority Interest | $0 |
| TOTAL EQUITY | $859M |
| TOTAL LIABILITIES & EQUITY | $1.3B |
| Total Debt | $15M |
| Net Debt | -$64M |
