| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $810M | $761M | $670M | 6.4% | 20.9% |
| Op. Income | $11M | -$25M | -$10M | 145.6% | 216.6% |
| Gross Margin | 83.5% | 83.9% | 85.2% | -0.4pp | -1.7pp |
| Net Margin | 2.0% | -0.4% | 1.2% | 2.5pp | 0.8pp |
| EPS (Diluted) | $0.31 | $-0.06 | $0.16 | 601.6% | 93.8% |
| Free Cash Flow | $177M | $148M | $191M | 19.3% | -7.6% |
| Item | Amount |
|---|---|
| REVENUE | $810M |
| Cost of Revenue | $134M |
| GROSS PROFIT | $676M |
| R&D Expenses | $261M |
| Selling & Marketing | $355M |
| General & Administrative | $81M |
| SG&A Expenses | $436M |
| Other Expenses | -$32M |
| Operating Expenses | $665M |
| Cost & Expenses | $798M |
| OPERATING INCOME | $11M |
| Interest Income | $14M |
| Interest Expense | $4.0K |
| Other Income/Expenses | $12M |
| INCOME BEFORE TAX | $23M |
| Income Tax Expense | $7M |
| Net Income from Continuing Ops | $17M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $17M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $17M |
| D&A | $3M |
| EBIT | $23M |
| EBITDA | $26M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $810M |
| Cost of Revenue | $134M |
| GROSS PROFIT | $676M |
| R&D Expenses | $261M |
| Selling & Marketing | $355M |
| General & Administrative | $81M |
| SG&A Expenses | $436M |
| Other Expenses | -$32M |
| Operating Expenses | $665M |
| Cost & Expenses | $798M |
| OPERATING INCOME | $11M |
| Interest Income | $14M |
| Interest Expense | $4.0K |
| Other Income/Expenses | $12M |
| INCOME BEFORE TAX | $23M |
| Income Tax Expense | $7M |
| Net Income from Continuing Ops | $17M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $17M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $17M |
| D&A | $3M |
| EBIT | $23M |
| EBITDA | $26M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $17M |
| Depreciation & Amortization | $36M |
| Stock-Based Compensation | $138M |
| Deferred Income Tax | -$56.0K |
| Other Non-Cash Items | -$6M |
| Change in Working Capital | $3M |
| OPERATING CASH FLOW | $187M |
| Capital Expenditure | -$10M |
| Acquisitions (Net) | -$2M |
| Purchases of Investments | -$364M |
| Sales/Maturities of Investments | $580M |
| Other Investing Activities | -$35M |
| NET CASH FROM INVESTING | $170M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$4M |
| NET CASH FROM FINANCING | -$341M |
| FREE CASH FLOW | $177M |
| Net Change in Cash | $13M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $614M |
| Short-Term Investments | $872M |
| Net Receivables | $315M |
| Inventory | $0 |
| Other Current Assets | $314M |
| TOTAL CURRENT ASSETS | $2.1B |
| PP&E (Net) | $345M |
| Goodwill | $275M |
| Intangible Assets | $37M |
| Long-Term Investments | $172M |
| Tax Assets | $0 |
| Other Non-Current Assets | $559M |
| TOTAL NON-CURRENT ASSETS | $1.4B |
| TOTAL ASSETS | $3.5B |
| Account Payables | $25M |
| Short-Term Debt | $39M |
| Deferred Revenue | $888M |
| Other Current Liabilities | $149M |
| TOTAL CURRENT LIABILITIES | $1.3B |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $7M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $91M |
| TOTAL NON-CURRENT LIABILITIES | $331M |
| TOTAL LIABILITIES | $1.6B |
| Common Stock | $52.0K |
| Additional Paid-In Capital | $2.7B |
| Retained Earnings | -$808M |
| Treasury Stock | $2.0K |
| Accum. Other Comp. Income | $6M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.9B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.9B |
| TOTAL LIABILITIES & EQUITY | $3.5B |
| Total Debt | $272M |
| Net Debt | -$342M |
