| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $215M | $276M | $211M | -22.1% | 1.8% |
| Op. Income | $67M | $93M | $46M | -28.5% | 46.5% |
| Gross Margin | 80.5% | 84.9% | 71.0% | -4.4pp | 9.5pp |
| Net Margin | 25.6% | 27.5% | 18.7% | -1.9pp | 6.9pp |
| EPS (Diluted) | $1.08 | $1.44 | $0.74 | -25.2% | 44.9% |
| Free Cash Flow | $0 | $0 | $0 | — | — |
| Item | Amount |
|---|---|
| REVENUE | $215M |
| Cost of Revenue | $42M |
| GROSS PROFIT | $173M |
| R&D Expenses | $16M |
| Selling & Marketing | $80M |
| General & Administrative | $11M |
| SG&A Expenses | $90M |
| Other Expenses | $219.6K |
| Operating Expenses | $106M |
| Cost & Expenses | $148M |
| OPERATING INCOME | $67M |
| Interest Income | $352.4K |
| Interest Expense | $0 |
| Other Income/Expenses | $1M |
| INCOME BEFORE TAX | $68M |
| Income Tax Expense | $13M |
| Net Income from Continuing Ops | $55M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $55M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $55M |
| D&A | $0 |
| EBIT | $67M |
| EBITDA | $67M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $215M |
| Cost of Revenue | $42M |
| GROSS PROFIT | $173M |
| R&D Expenses | $16M |
| Selling & Marketing | $80M |
| General & Administrative | $11M |
| SG&A Expenses | $90M |
| Other Expenses | $219.6K |
| Operating Expenses | $106M |
| Cost & Expenses | $148M |
| OPERATING INCOME | $67M |
| Interest Income | $352.4K |
| Interest Expense | $0 |
| Other Income/Expenses | $1M |
| INCOME BEFORE TAX | $68M |
| Income Tax Expense | $13M |
| Net Income from Continuing Ops | $55M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $55M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $55M |
| D&A | $0 |
| EBIT | $67M |
| EBITDA | $67M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $55M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $5M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$60M |
| Change in Working Capital | $0 |
| OPERATING CASH FLOW | $0 |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $0 |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $0 |
| FREE CASH FLOW | $0 |
| Net Change in Cash | $0 |
| Item | Amount |
|---|---|
| Cash & Equivalents | $18M |
| Short-Term Investments | $0 |
| Net Receivables | $688M |
| Inventory | $0 |
| Other Current Assets | $184M |
| TOTAL CURRENT ASSETS | $891M |
| PP&E (Net) | $201M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $47M |
| Tax Assets | $12M |
| Other Non-Current Assets | $5M |
| TOTAL NON-CURRENT ASSETS | $264M |
| TOTAL ASSETS | $1.2B |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $66M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $435M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $86M |
| TOTAL NON-CURRENT LIABILITIES | $92M |
| TOTAL LIABILITIES | $527M |
| Common Stock | $0 |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $0 |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $629M |
| TOTAL STOCKHOLDERS' EQUITY | $629M |
| Minority Interest | $0 |
| TOTAL EQUITY | $629M |
| TOTAL LIABILITIES & EQUITY | $1.2B |
| Total Debt | $5M |
| Net Debt | -$13M |
