| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $225M | $220M | $179M | 2.1% | 25.5% |
| Op. Income | $64M | $66M | $49M | -2.7% | 29.7% |
| Gross Margin | 56.7% | 57.8% | 56.6% | -1.1pp | 0.1pp |
| Net Margin | 27.3% | 31.0% | 28.7% | -3.7pp | -1.3pp |
| EPS (Diluted) | $1.90 | $2.14 | $1.60 | -11.2% | 18.7% |
| Free Cash Flow | $67M | $43M | $43M | 56.0% | 55.5% |
| Item | Amount |
|---|---|
| REVENUE | $225M |
| Cost of Revenue | $97M |
| GROSS PROFIT | $127M |
| R&D Expenses | $37M |
| Selling & Marketing | $20M |
| General & Administrative | $7M |
| SG&A Expenses | $27M |
| Other Expenses | $0 |
| Operating Expenses | $64M |
| Cost & Expenses | $161M |
| OPERATING INCOME | $64M |
| Interest Income | $10M |
| Interest Expense | $0 |
| Other Income/Expenses | $10M |
| INCOME BEFORE TAX | $73M |
| Income Tax Expense | $12M |
| Net Income from Continuing Ops | $61M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $61M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $61M |
| D&A | $6M |
| EBIT | $73M |
| EBITDA | $79M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $225M |
| Cost of Revenue | $97M |
| GROSS PROFIT | $127M |
| R&D Expenses | $37M |
| Selling & Marketing | $20M |
| General & Administrative | $7M |
| SG&A Expenses | $27M |
| Other Expenses | $0 |
| Operating Expenses | $64M |
| Cost & Expenses | $161M |
| OPERATING INCOME | $64M |
| Interest Income | $10M |
| Interest Expense | $0 |
| Other Income/Expenses | $10M |
| INCOME BEFORE TAX | $73M |
| Income Tax Expense | $12M |
| Net Income from Continuing Ops | $61M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $61M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $61M |
| D&A | $6M |
| EBIT | $73M |
| EBITDA | $79M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $61M |
| Depreciation & Amortization | $6M |
| Stock-Based Compensation | $7M |
| Deferred Income Tax | -$3M |
| Other Non-Cash Items | -$3M |
| Change in Working Capital | $4M |
| OPERATING CASH FLOW | $71M |
| Capital Expenditure | -$4M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$510M |
| Sales/Maturities of Investments | $122M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$392M |
| Net Debt Issuance | $732M |
| Common Stock Repurchased | -$55M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $3M |
| NET CASH FROM FINANCING | $680M |
| FREE CASH FLOW | $67M |
| Net Change in Cash | $361M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $522M |
| Short-Term Investments | $566M |
| Net Receivables | $145M |
| Inventory | $183M |
| Other Current Assets | $29M |
| TOTAL CURRENT ASSETS | $1.4B |
| PP&E (Net) | $150M |
| Goodwill | $91M |
| Intangible Assets | $48M |
| Long-Term Investments | $522M |
| Tax Assets | $0 |
| Other Non-Current Assets | $51M |
| TOTAL NON-CURRENT ASSETS | $862M |
| TOTAL ASSETS | $2.3B |
| Account Payables | $55M |
| Short-Term Debt | $91M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $162M |
| TOTAL CURRENT LIABILITIES | $316M |
| Long-Term Debt | $731M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $13M |
| Other Non-Current Liabilities | $22M |
| TOTAL NON-CURRENT LIABILITIES | $821M |
| TOTAL LIABILITIES | $1.1B |
| Common Stock | $0 |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $0 |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $1.2B |
| TOTAL STOCKHOLDERS' EQUITY | $1.2B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.2B |
| TOTAL LIABILITIES & EQUITY | $2.3B |
| Total Debt | $884M |
| Net Debt | $362M |
