| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $202M | $195M | $175M | 3.4% | 15.2% |
| Op. Income | $11M | $10M | -$13M | 11.8% | 186.0% |
| Gross Margin | 54.0% | 53.6% | 50.9% | 0.4pp | 3.1pp |
| Net Margin | 7.5% | 6.0% | -6.7% | 1.4pp | 14.2pp |
| EPS (Diluted) | $0.23 | $0.18 | $-0.20 | 27.8% | 215.0% |
| Free Cash Flow | $37M | $52M | $35M | -28.7% | 6.1% |
| Item | Amount |
|---|---|
| REVENUE | $202M |
| Cost of Revenue | $93M |
| GROSS PROFIT | $109M |
| R&D Expenses | $39M |
| Selling & Marketing | $26M |
| General & Administrative | $32M |
| SG&A Expenses | $58M |
| Other Expenses | $803.0K |
| Operating Expenses | $98M |
| Cost & Expenses | $191M |
| OPERATING INCOME | $11M |
| Interest Income | $5M |
| Interest Expense | $1M |
| Other Income/Expenses | $4M |
| INCOME BEFORE TAX | $15M |
| Income Tax Expense | $160.0K |
| Net Income from Continuing Ops | $15M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $15M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $15M |
| D&A | $8M |
| EBIT | $16M |
| EBITDA | $25M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $202M |
| Cost of Revenue | $93M |
| GROSS PROFIT | $109M |
| R&D Expenses | $39M |
| Selling & Marketing | $26M |
| General & Administrative | $32M |
| SG&A Expenses | $58M |
| Other Expenses | $803.0K |
| Operating Expenses | $98M |
| Cost & Expenses | $191M |
| OPERATING INCOME | $11M |
| Interest Income | $5M |
| Interest Expense | $1M |
| Other Income/Expenses | $4M |
| INCOME BEFORE TAX | $15M |
| Income Tax Expense | $160.0K |
| Net Income from Continuing Ops | $15M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $15M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $15M |
| D&A | $8M |
| EBIT | $16M |
| EBITDA | $25M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $15M |
| Depreciation & Amortization | $14M |
| Stock-Based Compensation | $23M |
| Deferred Income Tax | $406.0K |
| Other Non-Cash Items | $8M |
| Change in Working Capital | -$15M |
| OPERATING CASH FLOW | $46M |
| Capital Expenditure | -$8M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$25M |
| Sales/Maturities of Investments | $47M |
| Other Investing Activities | -$6M |
| NET CASH FROM INVESTING | $13M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $0 |
| FREE CASH FLOW | $37M |
| Net Change in Cash | $59M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $472M |
| Short-Term Investments | $96M |
| Net Receivables | $76M |
| Inventory | $0 |
| Other Current Assets | $62M |
| TOTAL CURRENT ASSETS | $707M |
| PP&E (Net) | $53M |
| Goodwill | $513M |
| Intangible Assets | $82M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $71M |
| TOTAL NON-CURRENT ASSETS | $719M |
| TOTAL ASSETS | $1.4B |
| Account Payables | $8M |
| Short-Term Debt | $494M |
| Deferred Revenue | $170M |
| Other Current Liabilities | $23M |
| TOTAL CURRENT LIABILITIES | $732M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $29M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $7M |
| TOTAL NON-CURRENT LIABILITIES | $72M |
| TOTAL LIABILITIES | $804M |
| Common Stock | $6.0K |
| Additional Paid-In Capital | $1.3B |
| Retained Earnings | -$633M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$2M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $623M |
| Minority Interest | $0 |
| TOTAL EQUITY | $623M |
| TOTAL LIABILITIES & EQUITY | $1.4B |
| Total Debt | $539M |
| Net Debt | $67M |
