| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $340M | $328M | $277M | 3.7% | 22.8% |
| Op. Income | -$305.0K | $27M | -$1M | -101.1% | 73.7% |
| Gross Margin | 32.2% | 31.9% | 25.1% | 0.3pp | 7.1pp |
| Net Margin | -30.0% | 7.2% | -1.2% | -37.2pp | -28.9pp |
| EPS (Diluted) | $-1.46 | $0.30 | $-0.04 | -586.7% | -3522.8% |
| Free Cash Flow | $50M | $46M | -$66M | 8.7% | 175.9% |
| Item | Amount |
|---|---|
| REVENUE | $340M |
| Cost of Revenue | $230M |
| GROSS PROFIT | $109M |
| R&D Expenses | $0 |
| Selling & Marketing | $759.0K |
| General & Administrative | $92M |
| SG&A Expenses | $92M |
| Other Expenses | $18M |
| Operating Expenses | $110M |
| Cost & Expenses | $340M |
| OPERATING INCOME | -$305.0K |
| Interest Income | $3M |
| Interest Expense | $3M |
| Other Income/Expenses | -$103M |
| INCOME BEFORE TAX | -$103M |
| Income Tax Expense | -$810.0K |
| Net Income from Continuing Ops | -$102M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$102M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$102M |
| D&A | $8M |
| EBIT | -$100M |
| EBITDA | -$91M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$102M |
| Depreciation & Amortization | $8M |
| Stock-Based Compensation | $29M |
| Deferred Income Tax | $10.0K |
| Other Non-Cash Items | $105M |
| Change in Working Capital | $15M |
| OPERATING CASH FLOW | $55M |
| Capital Expenditure | -$5M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$5M |
| Net Debt Issuance | -$140M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$38M |
| NET CASH FROM FINANCING | $174M |
| FREE CASH FLOW | $50M |
| Net Change in Cash | $224M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $401M |
| Short-Term Investments | $0 |
| Net Receivables | $215M |
| Inventory | $0 |
| Other Current Assets | $117M |
| TOTAL CURRENT ASSETS | $792M |
| PP&E (Net) | $57M |
| Goodwill | $65M |
| Intangible Assets | $233M |
| Long-Term Investments | $14M |
| Tax Assets | $0 |
| Other Non-Current Assets | $65M |
| TOTAL NON-CURRENT ASSETS | $433M |
| TOTAL ASSETS | $1.2B |
| Account Payables | $142M |
| Short-Term Debt | $5M |
| Deferred Revenue | $9M |
| Other Current Liabilities | $1M |
| TOTAL CURRENT LIABILITIES | $349M |
| Long-Term Debt | $2M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $22M |
| Other Non-Current Liabilities | $21M |
| TOTAL NON-CURRENT LIABILITIES | $44M |
| TOTAL LIABILITIES | $393M |
| Common Stock | $82.0K |
| Additional Paid-In Capital | $1.5B |
| Retained Earnings | -$662M |
| Treasury Stock | -$8M |
| Accum. Other Comp. Income | -$631.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $832M |
| Minority Interest | $0 |
| TOTAL EQUITY | $832M |
| TOTAL LIABILITIES & EQUITY | $1.2B |
| Total Debt | $13M |
| Net Debt | -$389M |
