| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $381M | $385M | $325M | -0.8% | 17.3% |
| Op. Income | $14M | $17M | -$12M | -16.3% | 224.1% |
| Gross Margin | 72.2% | 71.5% | 70.2% | 0.7pp | 2.0pp |
| Net Margin | 11.4% | 7.8% | -4.4% | 3.5pp | 15.8pp |
| EPS (Diluted) | $0.24 | $0.17 | $-0.08 | 41.2% | 385.7% |
| Free Cash Flow | $52M | $84M | $27M | -38.4% | 89.2% |
| Item | Amount |
|---|---|
| REVENUE | $381M |
| Cost of Revenue | $106M |
| GROSS PROFIT | $275M |
| R&D Expenses | $79M |
| Selling & Marketing | $140M |
| General & Administrative | $42M |
| SG&A Expenses | $182M |
| Other Expenses | -$5.0K |
| Operating Expenses | $261M |
| Cost & Expenses | $367M |
| OPERATING INCOME | $14M |
| Interest Income | $3M |
| Interest Expense | $144.0K |
| Other Income/Expenses | $10M |
| INCOME BEFORE TAX | $24M |
| Income Tax Expense | -$19M |
| Net Income from Continuing Ops | $43M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $43M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $43M |
| D&A | $6M |
| EBIT | $24M |
| EBITDA | $31M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $381M |
| Cost of Revenue | $106M |
| GROSS PROFIT | $275M |
| R&D Expenses | $79M |
| Selling & Marketing | $140M |
| General & Administrative | $42M |
| SG&A Expenses | $182M |
| Other Expenses | -$5.0K |
| Operating Expenses | $261M |
| Cost & Expenses | $367M |
| OPERATING INCOME | $14M |
| Interest Income | $3M |
| Interest Expense | $144.0K |
| Other Income/Expenses | $10M |
| INCOME BEFORE TAX | $24M |
| Income Tax Expense | -$19M |
| Net Income from Continuing Ops | $43M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $43M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $43M |
| D&A | $6M |
| EBIT | $24M |
| EBITDA | $31M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $43M |
| Depreciation & Amortization | $6M |
| Stock-Based Compensation | $43M |
| Deferred Income Tax | -$47.0K |
| Other Non-Cash Items | $10M |
| Change in Working Capital | -$46M |
| OPERATING CASH FLOW | $56M |
| Capital Expenditure | -$4M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$80M |
| Sales/Maturities of Investments | $87M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $2M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$149M |
| Common Dividends Paid | -$5M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$110M |
| FREE CASH FLOW | $52M |
| Net Change in Cash | -$52M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $149M |
| Short-Term Investments | $203M |
| Net Receivables | $417M |
| Inventory | $0 |
| Other Current Assets | $3M |
| TOTAL CURRENT ASSETS | $812M |
| PP&E (Net) | $102M |
| Goodwill | $81M |
| Intangible Assets | $2M |
| Long-Term Investments | $20M |
| Tax Assets | $4M |
| Other Non-Current Assets | $271M |
| TOTAL NON-CURRENT ASSETS | $481M |
| TOTAL ASSETS | $1.3B |
| Account Payables | $8M |
| Short-Term Debt | $0 |
| Deferred Revenue | $405M |
| Other Current Liabilities | $119M |
| TOTAL CURRENT LIABILITIES | $597M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $2M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $34M |
| TOTAL NON-CURRENT LIABILITIES | $99M |
| TOTAL LIABILITIES | $696M |
| Common Stock | $2M |
| Additional Paid-In Capital | $370M |
| Retained Earnings | $234M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$9M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $597M |
| Minority Interest | $0 |
| TOTAL EQUITY | $597M |
| TOTAL LIABILITIES & EQUITY | $1.3B |
| Total Debt | $77M |
| Net Debt | -$72M |
