| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $311M | $293M | $235M | 6.1% | 32.2% |
| Op. Income | -$11M | -$31M | -$13M | 65.4% | 18.4% |
| Gross Margin | 75.5% | 75.7% | 76.9% | -0.2pp | -1.4pp |
| Net Margin | -0.1% | -8.3% | -0.6% | 8.1pp | 0.4pp |
| EPS (Diluted) | $-0.00 | $-0.09 | $-0.01 | 98.4% | 72.0% |
| Free Cash Flow | $47M | $48M | $34M | -2.8% | 37.4% |
| Item | Amount |
|---|---|
| REVENUE | $311M |
| Cost of Revenue | $76M |
| GROSS PROFIT | $235M |
| R&D Expenses | $73M |
| Selling & Marketing | $128M |
| General & Administrative | $45M |
| SG&A Expenses | $173M |
| Other Expenses | $0 |
| Operating Expenses | $246M |
| Cost & Expenses | $322M |
| OPERATING INCOME | -$11M |
| Interest Income | $10M |
| Interest Expense | $0 |
| Other Income/Expenses | $10M |
| INCOME BEFORE TAX | -$614.0K |
| Income Tax Expense | -$188.0K |
| Net Income from Continuing Ops | -$426.0K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$426.0K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$426.0K |
| D&A | $4M |
| EBIT | -$11M |
| EBITDA | -$6M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$426.0K |
| Depreciation & Amortization | $4M |
| Stock-Based Compensation | $40M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $26M |
| Change in Working Capital | -$15M |
| OPERATING CASH FLOW | $55M |
| Capital Expenditure | -$8M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$7M |
| NET CASH FROM INVESTING | -$10M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$4M |
| NET CASH FROM FINANCING | -$273.0K |
| FREE CASH FLOW | $47M |
| Net Change in Cash | $45M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $980M |
| Short-Term Investments | $0 |
| Net Receivables | $61M |
| Inventory | $0 |
| Other Current Assets | $68M |
| TOTAL CURRENT ASSETS | $1.1B |
| PP&E (Net) | $162M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $738.0K |
| Tax Assets | $0 |
| Other Non-Current Assets | $192M |
| TOTAL NON-CURRENT ASSETS | $355M |
| TOTAL ASSETS | $1.5B |
| Account Payables | $21M |
| Short-Term Debt | $0 |
| Deferred Revenue | $88M |
| Other Current Liabilities | $90M |
| TOTAL CURRENT LIABILITIES | $227M |
| Long-Term Debt | $89M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | -$82M |
| TOTAL NON-CURRENT LIABILITIES | $95M |
| TOTAL LIABILITIES | $323M |
| Common Stock | $137.0K |
| Additional Paid-In Capital | $2.0B |
| Retained Earnings | -$884M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.1B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.1B |
| TOTAL LIABILITIES & EQUITY | $1.5B |
| Total Debt | $202M |
| Net Debt | -$778M |
