| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $170M | $164M | $154M | 3.5% | 10.4% |
| Op. Income | $60M | $51M | $45M | 16.6% | 33.4% |
| Gross Margin | 83.6% | 82.4% | 81.3% | 1.2pp | 2.4pp |
| Net Margin | 29.6% | 28.8% | 30.0% | 0.8pp | -0.4pp |
| EPS (Diluted) | $1.39 | $1.29 | $1.24 | 7.8% | 12.1% |
| Free Cash Flow | $89M | $32M | $58M | 175.8% | 55.3% |
| Item | Amount |
|---|---|
| REVENUE | $170M |
| Cost of Revenue | $28M |
| GROSS PROFIT | $142M |
| R&D Expenses | $29M |
| Selling & Marketing | $35M |
| General & Administrative | $18M |
| SG&A Expenses | $53M |
| Other Expenses | $0 |
| Operating Expenses | $82M |
| Cost & Expenses | $110M |
| OPERATING INCOME | $60M |
| Interest Income | $6M |
| Interest Expense | $0 |
| Other Income/Expenses | $5M |
| INCOME BEFORE TAX | $65M |
| Income Tax Expense | $15M |
| Net Income from Continuing Ops | $50M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $50M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $50M |
| D&A | $3M |
| EBIT | $65M |
| EBITDA | $68M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $170M |
| Cost of Revenue | $28M |
| GROSS PROFIT | $142M |
| R&D Expenses | $29M |
| Selling & Marketing | $35M |
| General & Administrative | $18M |
| SG&A Expenses | $53M |
| Other Expenses | $0 |
| Operating Expenses | $82M |
| Cost & Expenses | $110M |
| OPERATING INCOME | $60M |
| Interest Income | $6M |
| Interest Expense | $0 |
| Other Income/Expenses | $5M |
| INCOME BEFORE TAX | $65M |
| Income Tax Expense | $15M |
| Net Income from Continuing Ops | $50M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $50M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $50M |
| D&A | $3M |
| EBIT | $65M |
| EBITDA | $68M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $50M |
| Depreciation & Amortization | $3M |
| Stock-Based Compensation | $19M |
| Deferred Income Tax | $15M |
| Other Non-Cash Items | -$531.0K |
| Change in Working Capital | $3M |
| OPERATING CASH FLOW | $90M |
| Capital Expenditure | -$901.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$92M |
| Sales/Maturities of Investments | $82M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$11M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$49M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$5M |
| NET CASH FROM FINANCING | -$48M |
| FREE CASH FLOW | $89M |
| Net Change in Cash | $31M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $225M |
| Short-Term Investments | $193M |
| Net Receivables | $128M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $597M |
| PP&E (Net) | $73M |
| Goodwill | $7M |
| Intangible Assets | $5M |
| Long-Term Investments | $245M |
| Tax Assets | $0 |
| Other Non-Current Assets | $105M |
| TOTAL NON-CURRENT ASSETS | $435M |
| TOTAL ASSETS | $1.0B |
| Account Payables | $2M |
| Short-Term Debt | $0 |
| Deferred Revenue | $371M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $432M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $16M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $7M |
| TOTAL NON-CURRENT LIABILITIES | $71M |
| TOTAL LIABILITIES | $503M |
| Common Stock | $36.0K |
| Additional Paid-In Capital | $710M |
| Retained Earnings | -$177M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$4M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $529M |
| Minority Interest | $0 |
| TOTAL EQUITY | $529M |
| TOTAL LIABILITIES & EQUITY | $1.0B |
| Total Debt | $55M |
| Net Debt | -$171M |
