| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $317M | $299M | $251M | 6.0% | 26.2% |
| Op. Income | -$2M | -$12M | -$27M | 79.4% | 91.3% |
| Gross Margin | 88.7% | 89.6% | 89.7% | -0.9pp | -0.9pp |
| Net Margin | 4.1% | 0.5% | -4.8% | 3.6pp | 8.9pp |
| EPS (Diluted) | $0.25 | $0.03 | $-0.24 | 747.5% | 204.2% |
| Free Cash Flow | $90M | $60M | $82M | 50.3% | 9.5% |
| Item | Amount |
|---|---|
| REVENUE | $317M |
| Cost of Revenue | $36M |
| GROSS PROFIT | $281M |
| R&D Expenses | $79M |
| Selling & Marketing | $166M |
| General & Administrative | $38M |
| SG&A Expenses | $204M |
| Other Expenses | $0 |
| Operating Expenses | $283M |
| Cost & Expenses | $319M |
| OPERATING INCOME | -$2M |
| Interest Income | $16M |
| Interest Expense | $0 |
| Other Income/Expenses | $16M |
| INCOME BEFORE TAX | $13M |
| Income Tax Expense | $332.0K |
| Net Income from Continuing Ops | $13M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $13M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $13M |
| D&A | $4M |
| EBIT | $13M |
| EBITDA | $17M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $13M |
| Depreciation & Amortization | $4M |
| Stock-Based Compensation | $50M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$2M |
| Change in Working Capital | $31M |
| OPERATING CASH FLOW | $95M |
| Capital Expenditure | -$5M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$150M |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$941.0K |
| NET CASH FROM INVESTING | -$154M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$13M |
| NET CASH FROM FINANCING | -$4M |
| FREE CASH FLOW | $90M |
| Net Change in Cash | -$63M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.5B |
| Short-Term Investments | $212M |
| Net Receivables | $33M |
| Inventory | $0 |
| Other Current Assets | $89M |
| TOTAL CURRENT ASSETS | $1.9B |
| PP&E (Net) | $152M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $45M |
| TOTAL NON-CURRENT ASSETS | $198M |
| TOTAL ASSETS | $2.1B |
| Account Payables | $45M |
| Short-Term Debt | $27M |
| Deferred Revenue | $406M |
| Other Current Liabilities | $218M |
| TOTAL CURRENT LIABILITIES | $697M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $2M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $94M |
| TOTAL LIABILITIES | $791M |
| Common Stock | $1.8B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$510M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $21M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.3B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.3B |
| TOTAL LIABILITIES & EQUITY | $2.1B |
| Total Debt | $119M |
| Net Debt | -$1.4B |
