| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $355M | $316M | $326M | 12.1% | 8.8% |
| Op. Income | -$43M | -$103M | -$56M | 58.0% | 22.3% |
| Gross Margin | 82.0% | 80.0% | 84.7% | 2.0pp | -2.7pp |
| Net Margin | -3.0% | -27.2% | -9.7% | 24.2pp | 6.7pp |
| EPS (Diluted) | $-0.02 | $-0.15 | $-0.06 | 86.7% | 64.0% |
| Free Cash Flow | $23M | $45M | $41M | -48.4% | -43.7% |
| Item | Amount |
|---|---|
| REVENUE | $355M |
| Cost of Revenue | $64M |
| GROSS PROFIT | $291M |
| R&D Expenses | $97M |
| Selling & Marketing | $187M |
| General & Administrative | $50M |
| SG&A Expenses | $237M |
| Other Expenses | $0 |
| Operating Expenses | $334M |
| Cost & Expenses | $398M |
| OPERATING INCOME | -$43M |
| Interest Income | $10M |
| Interest Expense | $0 |
| Other Income/Expenses | $18M |
| INCOME BEFORE TAX | -$25M |
| Income Tax Expense | -$15M |
| Net Income from Continuing Ops | -$11M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$11M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$11M |
| D&A | $5M |
| EBIT | -$43M |
| EBITDA | -$39M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$11M |
| Depreciation & Amortization | $5M |
| Stock-Based Compensation | $87M |
| Deferred Income Tax | -$22M |
| Other Non-Cash Items | $20M |
| Change in Working Capital | -$52M |
| OPERATING CASH FLOW | $28M |
| Capital Expenditure | -$5M |
| Acquisitions (Net) | -$6M |
| Purchases of Investments | -$464M |
| Sales/Maturities of Investments | $446M |
| Other Investing Activities | $6M |
| NET CASH FROM INVESTING | -$23M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$163M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$15M |
| NET CASH FROM FINANCING | -$173M |
| FREE CASH FLOW | $23M |
| Net Change in Cash | -$166M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $774M |
| Short-Term Investments | $795M |
| Net Receivables | $448M |
| Inventory | $0 |
| Other Current Assets | $100M |
| TOTAL CURRENT ASSETS | $2.2B |
| PP&E (Net) | $95M |
| Goodwill | $90M |
| Intangible Assets | $9M |
| Long-Term Investments | $34M |
| Tax Assets | $28M |
| Other Non-Current Assets | $231M |
| TOTAL NON-CURRENT ASSETS | $487M |
| TOTAL ASSETS | $2.7B |
| Account Payables | $18M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $523M |
| TOTAL CURRENT LIABILITIES | $695M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $149M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $10M |
| TOTAL NON-CURRENT LIABILITIES | $236M |
| TOTAL LIABILITIES | $931M |
| Common Stock | $6.0K |
| Additional Paid-In Capital | $4.2B |
| Retained Earnings | -$2.0B |
| Treasury Stock | -$487M |
| Accum. Other Comp. Income | $9M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.7B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.7B |
| TOTAL LIABILITIES & EQUITY | $2.7B |
| Total Debt | $82M |
| Net Debt | -$692M |
