| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $639M | $655M | $525M | -2.4% | 21.8% |
| Op. Income | $49M | $65M | -$12M | -25.7% | 519.8% |
| Gross Margin | 87.0% | 87.0% | 84.8% | 0.0pp | 2.2pp |
| Net Margin | 9.9% | 8.6% | -3.0% | 1.3pp | 12.9pp |
| EPS (Diluted) | $0.22 | $0.19 | $-0.06 | 15.8% | 446.5% |
| Free Cash Flow | $203M | $187M | $78M | 8.7% | 159.7% |
| Item | Amount |
|---|---|
| REVENUE | $639M |
| Cost of Revenue | $83M |
| GROSS PROFIT | $556M |
| R&D Expenses | $186M |
| Selling & Marketing | $260M |
| General & Administrative | $61M |
| SG&A Expenses | $321M |
| Other Expenses | $0 |
| Operating Expenses | $507M |
| Cost & Expenses | $590M |
| OPERATING INCOME | $49M |
| Interest Income | $18M |
| Interest Expense | $3M |
| Other Income/Expenses | $16M |
| INCOME BEFORE TAX | $65M |
| Income Tax Expense | $1M |
| Net Income from Continuing Ops | $63M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $63M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $63M |
| D&A | $18M |
| EBIT | $68M |
| EBITDA | $86M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $639M |
| Cost of Revenue | $83M |
| GROSS PROFIT | $556M |
| R&D Expenses | $186M |
| Selling & Marketing | $260M |
| General & Administrative | $61M |
| SG&A Expenses | $321M |
| Other Expenses | $0 |
| Operating Expenses | $507M |
| Cost & Expenses | $590M |
| OPERATING INCOME | $49M |
| Interest Income | $18M |
| Interest Expense | $3M |
| Other Income/Expenses | $16M |
| INCOME BEFORE TAX | $65M |
| Income Tax Expense | $1M |
| Net Income from Continuing Ops | $63M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $63M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $63M |
| D&A | $18M |
| EBIT | $68M |
| EBITDA | $86M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $63M |
| Depreciation & Amortization | $18M |
| Stock-Based Compensation | $84M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $6M |
| Change in Working Capital | $47M |
| OPERATING CASH FLOW | $219M |
| Capital Expenditure | -$15M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$448M |
| Sales/Maturities of Investments | $113M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$351M |
| Net Debt Issuance | -$998.0K |
| Common Stock Repurchased | -$38M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$29M |
| NET CASH FROM FINANCING | -$68M |
| FREE CASH FLOW | $203M |
| Net Change in Cash | -$200M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $873M |
| Short-Term Investments | $1.0B |
| Net Receivables | $280M |
| Inventory | $0 |
| Other Current Assets | $33M |
| TOTAL CURRENT ASSETS | $2.3B |
| PP&E (Net) | $286M |
| Goodwill | $185M |
| Intangible Assets | $3M |
| Long-Term Investments | $27.0K |
| Tax Assets | $0 |
| Other Non-Current Assets | $359M |
| TOTAL NON-CURRENT ASSETS | $833M |
| TOTAL ASSETS | $3.1B |
| Account Payables | $50M |
| Short-Term Debt | $29M |
| Deferred Revenue | $1.0B |
| Other Current Liabilities | $43M |
| TOTAL CURRENT LIABILITIES | $1.3B |
| Long-Term Debt | $1.3B |
| Deferred Revenue NC | $1.0B |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $39M |
| TOTAL NON-CURRENT LIABILITIES | $2.5B |
| TOTAL LIABILITIES | $3.8B |
| Common Stock | $7.0K |
| Additional Paid-In Capital | $4.2B |
| Retained Earnings | -$4.9B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $3M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$711M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$711M |
| TOTAL LIABILITIES & EQUITY | $3.1B |
| Total Debt | $1.5B |
| Net Debt | $623M |
