| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $339M | $324M | $296M | 4.6% | 14.5% |
| Op. Income | -$15M | -$30M | -$36M | 50.3% | 58.8% |
| Gross Margin | 79.7% | 79.1% | 81.4% | 0.6pp | -1.7pp |
| Net Margin | -2.7% | -6.5% | -8.9% | 3.8pp | 6.2pp |
| EPS (Diluted) | $-0.06 | $-0.14 | $-0.18 | 56.7% | 66.3% |
| Free Cash Flow | $83M | $28M | $23M | 198.3% | 261.1% |
| Item | Amount |
|---|---|
| REVENUE | $339M |
| Cost of Revenue | $69M |
| GROSS PROFIT | $270M |
| R&D Expenses | $88M |
| Selling & Marketing | $144M |
| General & Administrative | $53M |
| SG&A Expenses | $197M |
| Other Expenses | $0 |
| Operating Expenses | $285M |
| Cost & Expenses | $354M |
| OPERATING INCOME | -$15M |
| Interest Income | $5M |
| Interest Expense | $1M |
| Other Income/Expenses | $6M |
| INCOME BEFORE TAX | -$9M |
| Income Tax Expense | $479.0K |
| Net Income from Continuing Ops | -$9M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$9M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$9M |
| D&A | $29M |
| EBIT | -$7M |
| EBITDA | $22M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$9M |
| Depreciation & Amortization | $29M |
| Stock-Based Compensation | $56M |
| Deferred Income Tax | $623.0K |
| Other Non-Cash Items | $491.0K |
| Change in Working Capital | $11M |
| OPERATING CASH FLOW | $88M |
| Capital Expenditure | -$5M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$60M |
| Sales/Maturities of Investments | $66M |
| Other Investing Activities | -$15M |
| NET CASH FROM INVESTING | -$15M |
| Net Debt Issuance | -$416.0K |
| Common Stock Repurchased | -$26M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$15M |
| NET CASH FROM FINANCING | -$40M |
| FREE CASH FLOW | $83M |
| Net Change in Cash | $33M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $350M |
| Short-Term Investments | $333M |
| Net Receivables | $254M |
| Inventory | $0 |
| Other Current Assets | $68M |
| TOTAL CURRENT ASSETS | $1.0B |
| PP&E (Net) | $233M |
| Goodwill | $574M |
| Intangible Assets | $114M |
| Long-Term Investments | $44M |
| Tax Assets | $0 |
| Other Non-Current Assets | $88M |
| TOTAL NON-CURRENT ASSETS | $1.1B |
| TOTAL ASSETS | $2.1B |
| Account Payables | $29M |
| Short-Term Debt | $9M |
| Deferred Revenue | $572M |
| Other Current Liabilities | $68M |
| TOTAL CURRENT LIABILITIES | $754M |
| Long-Term Debt | $36M |
| Deferred Revenue NC | $6M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | -$24M |
| TOTAL NON-CURRENT LIABILITIES | $80M |
| TOTAL LIABILITIES | $834M |
| Common Stock | $15.0K |
| Additional Paid-In Capital | $2.5B |
| Retained Earnings | -$1.3B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$2M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.2B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.2B |
| TOTAL LIABILITIES & EQUITY | $2.1B |
| Total Debt | $109M |
| Net Debt | -$242M |
