| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $162M | $164M | $118M | -1.5% | 36.6% |
| Op. Income | $14M | $10M | -$39M | 40.9% | 136.1% |
| Gross Margin | 65.0% | 63.7% | 52.9% | 1.3pp | 12.1pp |
| Net Margin | 3.2% | 4.2% | -25.3% | -1.0pp | 28.5pp |
| EPS (Diluted) | $0.11 | $0.14 | $-0.75 | -21.4% | 114.7% |
| Free Cash Flow | $93M | $110M | $104M | -15.6% | -10.4% |
| Item | Amount |
|---|---|
| REVENUE | $162M |
| Cost of Revenue | $57M |
| GROSS PROFIT | $105M |
| R&D Expenses | $0 |
| Selling & Marketing | $17M |
| General & Administrative | $30M |
| SG&A Expenses | $46M |
| Other Expenses | $45M |
| Operating Expenses | $91M |
| Cost & Expenses | $147M |
| OPERATING INCOME | $14M |
| Interest Income | $227M |
| Interest Expense | $57M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $14M |
| Income Tax Expense | $9M |
| Net Income from Continuing Ops | $5M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $5M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $5M |
| D&A | $10M |
| EBIT | $14M |
| EBITDA | $24M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $162M |
| Cost of Revenue | $57M |
| GROSS PROFIT | $105M |
| R&D Expenses | $0 |
| Selling & Marketing | $17M |
| General & Administrative | $30M |
| SG&A Expenses | $46M |
| Other Expenses | $45M |
| Operating Expenses | $91M |
| Cost & Expenses | $147M |
| OPERATING INCOME | $14M |
| Interest Income | $227M |
| Interest Expense | $57M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $14M |
| Income Tax Expense | $9M |
| Net Income from Continuing Ops | $5M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $5M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $5M |
| D&A | $10M |
| EBIT | $14M |
| EBITDA | $24M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $5M |
| Depreciation & Amortization | $10M |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $86M |
| Change in Working Capital | -$5M |
| OPERATING CASH FLOW | $99M |
| Capital Expenditure | -$6M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$67M |
| NET CASH FROM INVESTING | -$73M |
| Net Debt Issuance | -$31M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $2.0K |
| NET CASH FROM FINANCING | -$31M |
| FREE CASH FLOW | $93M |
| Net Change in Cash | -$4M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $105M |
| Short-Term Investments | $0 |
| Net Receivables | $8M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $123M |
| PP&E (Net) | $12M |
| Goodwill | $0 |
| Intangible Assets | $75M |
| Long-Term Investments | $2.8B |
| Tax Assets | $69M |
| Other Non-Current Assets | $136M |
| TOTAL NON-CURRENT ASSETS | $3.1B |
| TOTAL ASSETS | $3.2B |
| Account Payables | $19M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $30M |
| Long-Term Debt | $2.7B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $29M |
| TOTAL NON-CURRENT LIABILITIES | $2.8B |
| TOTAL LIABILITIES | $2.8B |
| Common Stock | $8.0K |
| Additional Paid-In Capital | $621M |
| Retained Earnings | -$231M |
| Treasury Stock | -$6M |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $384M |
| Minority Interest | $0 |
| TOTAL EQUITY | $384M |
| TOTAL LIABILITIES & EQUITY | $3.2B |
| Total Debt | $2.7B |
| Net Debt | $2.6B |
