| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $599M | $545M | $402M | 9.9% | 49.2% |
| Op. Income | $12M | $27M | $22M | -55.8% | -47.2% |
| Gross Margin | 73.8% | 76.4% | 79.2% | -2.6pp | -5.4pp |
| Net Margin | 2.6% | 7.8% | 18.8% | -5.2pp | -16.2pp |
| EPS (Diluted) | $0.06 | $0.17 | $0.32 | -62.7% | -80.2% |
| Free Cash Flow | $91M | -$69M | $79M | 231.7% | 15.2% |
| Item | Amount |
|---|---|
| REVENUE | $599M |
| Cost of Revenue | $157M |
| GROSS PROFIT | $442M |
| R&D Expenses | $41M |
| Selling & Marketing | $232M |
| General & Administrative | $81M |
| SG&A Expenses | $313M |
| Other Expenses | $77M |
| Operating Expenses | $430M |
| Cost & Expenses | $587M |
| OPERATING INCOME | $12M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $416.0K |
| INCOME BEFORE TAX | $12M |
| Income Tax Expense | -$4M |
| 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 | $18M |
| EBIT | $12M |
| EBITDA | $30M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $599M |
| Cost of Revenue | $157M |
| GROSS PROFIT | $442M |
| R&D Expenses | $41M |
| Selling & Marketing | $232M |
| General & Administrative | $81M |
| SG&A Expenses | $313M |
| Other Expenses | $77M |
| Operating Expenses | $430M |
| Cost & Expenses | $587M |
| OPERATING INCOME | $12M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $416.0K |
| INCOME BEFORE TAX | $12M |
| Income Tax Expense | -$4M |
| 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 | $18M |
| EBIT | $12M |
| EBITDA | $30M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $16M |
| Depreciation & Amortization | $18M |
| Stock-Based Compensation | $40M |
| Deferred Income Tax | $862.0K |
| Other Non-Cash Items | -$3M |
| Change in Working Capital | $77M |
| OPERATING CASH FLOW | $149M |
| Capital Expenditure | -$57M |
| Acquisitions (Net) | -$117M |
| Purchases of Investments | -$714M |
| Sales/Maturities of Investments | $12M |
| Other Investing Activities | -$4M |
| NET CASH FROM INVESTING | -$887M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$9M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$42M |
| NET CASH FROM FINANCING | -$39M |
| FREE CASH FLOW | $91M |
| Net Change in Cash | -$779M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $346M |
| Short-Term Investments | $284M |
| Net Receivables | $41M |
| Inventory | $106M |
| Other Current Assets | $68M |
| TOTAL CURRENT ASSETS | $845M |
| PP&E (Net) | $407M |
| Goodwill | $259M |
| Intangible Assets | $195M |
| Long-Term Investments | $438M |
| Tax Assets | $85M |
| Other Non-Current Assets | $4M |
| TOTAL NON-CURRENT ASSETS | $1.4B |
| TOTAL ASSETS | $2.2B |
| Account Payables | $198M |
| Short-Term Debt | $3M |
| Deferred Revenue | $118M |
| Other Current Liabilities | $122M |
| TOTAL CURRENT LIABILITIES | $451M |
| Long-Term Debt | $971M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $31M |
| Other Non-Current Liabilities | $56M |
| TOTAL NON-CURRENT LIABILITIES | $1.2B |
| TOTAL LIABILITIES | $1.7B |
| Common Stock | $23.0K |
| Additional Paid-In Capital | $714M |
| Retained Earnings | -$134M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $921.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $581M |
| Minority Interest | $0 |
| TOTAL EQUITY | $581M |
| TOTAL LIABILITIES & EQUITY | $2.2B |
| Total Debt | $1.1B |
| Net Debt | $772M |
