| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $218M | $254M | $252M | -14.0% | -13.5% |
| Op. Income | $24M | $32M | $53M | -26.5% | -55.4% |
| Gross Margin | 50.7% | 48.2% | 54.1% | 2.5pp | -3.4pp |
| Net Margin | 12.9% | 13.4% | 21.0% | -0.4pp | -8.1pp |
| EPS (Diluted) | $0.57 | $0.69 | $1.07 | -17.4% | -46.7% |
| Free Cash Flow | $82M | $44M | $59M | 85.7% | 38.5% |
| Item | Amount |
|---|---|
| REVENUE | $218M |
| Cost of Revenue | $108M |
| GROSS PROFIT | $111M |
| R&D Expenses | $32M |
| Selling & Marketing | $17M |
| General & Administrative | $25M |
| SG&A Expenses | $42M |
| Other Expenses | $13M |
| Operating Expenses | $87M |
| Cost & Expenses | $195M |
| OPERATING INCOME | $24M |
| Interest Income | $9M |
| Interest Expense | $0 |
| Other Income/Expenses | $8M |
| INCOME BEFORE TAX | $32M |
| Income Tax Expense | $4M |
| Net Income from Continuing Ops | $28M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $28M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $28M |
| D&A | $14M |
| EBIT | $32M |
| EBITDA | $46M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $218M |
| Cost of Revenue | $108M |
| GROSS PROFIT | $111M |
| R&D Expenses | $32M |
| Selling & Marketing | $17M |
| General & Administrative | $25M |
| SG&A Expenses | $42M |
| Other Expenses | $13M |
| Operating Expenses | $87M |
| Cost & Expenses | $195M |
| OPERATING INCOME | $24M |
| Interest Income | $9M |
| Interest Expense | $0 |
| Other Income/Expenses | $8M |
| INCOME BEFORE TAX | $32M |
| Income Tax Expense | $4M |
| Net Income from Continuing Ops | $28M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $28M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $28M |
| D&A | $14M |
| EBIT | $32M |
| EBITDA | $46M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $28M |
| Depreciation & Amortization | $13M |
| Stock-Based Compensation | $7M |
| Deferred Income Tax | -$7M |
| Other Non-Cash Items | $603.0K |
| Change in Working Capital | $41M |
| OPERATING CASH FLOW | $83M |
| Capital Expenditure | -$1M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$2M |
| Sales/Maturities of Investments | $300M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $297M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$199.0K |
| NET CASH FROM FINANCING | $5M |
| FREE CASH FLOW | $82M |
| Net Change in Cash | $386M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $603M |
| Short-Term Investments | $381M |
| Net Receivables | $260M |
| Inventory | $259M |
| Other Current Assets | $41M |
| TOTAL CURRENT ASSETS | $1.5B |
| PP&E (Net) | $142M |
| Goodwill | $330M |
| Intangible Assets | $102M |
| Long-Term Investments | $8M |
| Tax Assets | $57M |
| Other Non-Current Assets | $2M |
| TOTAL NON-CURRENT ASSETS | $642M |
| TOTAL ASSETS | $2.2B |
| Account Payables | $102M |
| Short-Term Debt | $0 |
| Deferred Revenue | $31M |
| Other Current Liabilities | -$17M |
| TOTAL CURRENT LIABILITIES | $163M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $6M |
| Deferred Tax Liabilities | $6M |
| Other Non-Current Liabilities | $1M |
| TOTAL NON-CURRENT LIABILITIES | $22M |
| TOTAL LIABILITIES | $185M |
| Common Stock | $49.0K |
| Additional Paid-In Capital | $1.3B |
| Retained Earnings | $733M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$6M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.0B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.0B |
| TOTAL LIABILITIES & EQUITY | $2.2B |
| Total Debt | $14M |
| Net Debt | -$589M |
