| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $151M | $116M | — | 30.2% | — |
| Op. Income | $14M | $6M | — | 139.4% | — |
| Gross Margin | 34.1% | 30.5% | — | 3.6pp | — |
| Net Margin | 19.7% | 27.3% | — | -7.7pp | — |
| EPS (Diluted) | $0.02 | $0.02 | — | -5.9% | — |
| Free Cash Flow | $52M | $34M | — | 55.7% | — |
| Item | Amount |
|---|---|
| REVENUE | $151M |
| Cost of Revenue | $100M |
| GROSS PROFIT | $52M |
| R&D Expenses | $6M |
| Selling & Marketing | $19M |
| General & Administrative | $13M |
| SG&A Expenses | $32M |
| Other Expenses | $0 |
| Operating Expenses | $38M |
| Cost & Expenses | $137M |
| OPERATING INCOME | $14M |
| Interest Income | $3M |
| Interest Expense | $0 |
| Other Income/Expenses | $23M |
| INCOME BEFORE TAX | $37M |
| Income Tax Expense | $7M |
| Net Income from Continuing Ops | $30M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $30M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $30M |
| D&A | $1M |
| EBIT | $14M |
| EBITDA | $15M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $151M |
| Cost of Revenue | $100M |
| GROSS PROFIT | $52M |
| R&D Expenses | $6M |
| Selling & Marketing | $19M |
| General & Administrative | $13M |
| SG&A Expenses | $32M |
| Other Expenses | $0 |
| Operating Expenses | $38M |
| Cost & Expenses | $137M |
| OPERATING INCOME | $14M |
| Interest Income | $3M |
| Interest Expense | $0 |
| Other Income/Expenses | $23M |
| INCOME BEFORE TAX | $37M |
| Income Tax Expense | $7M |
| Net Income from Continuing Ops | $30M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $30M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $30M |
| D&A | $1M |
| EBIT | $14M |
| EBITDA | $15M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $30M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $23M |
| Change in Working Capital | $0 |
| OPERATING CASH FLOW | $52M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$50M |
| NET CASH FROM INVESTING | -$50M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$54M |
| NET CASH FROM FINANCING | -$54M |
| FREE CASH FLOW | $52M |
| Net Change in Cash | -$56M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $505M |
| Short-Term Investments | $732M |
| Net Receivables | $31M |
| Inventory | $34M |
| Other Current Assets | $98M |
| TOTAL CURRENT ASSETS | $1.4B |
| PP&E (Net) | $33M |
| Goodwill | $83M |
| Intangible Assets | $33M |
| Long-Term Investments | $989M |
| Tax Assets | $0 |
| Other Non-Current Assets | $8M |
| TOTAL NON-CURRENT ASSETS | $1.1B |
| TOTAL ASSETS | $2.5B |
| Account Payables | $49M |
| Short-Term Debt | $17M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $48M |
| TOTAL CURRENT LIABILITIES | $150M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $26M |
| TOTAL NON-CURRENT LIABILITIES | $31M |
| TOTAL LIABILITIES | $181M |
| Common Stock | $2.4B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $0 |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.4B |
| Minority Interest | $13M |
| TOTAL EQUITY | $2.4B |
| TOTAL LIABILITIES & EQUITY | $2.5B |
| Total Debt | $24M |
| Net Debt | -$481M |
