| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $211M | $199M | $164M | 5.9% | 28.3% |
| Op. Income | -$89M | -$79M | -$81M | -12.3% | -9.4% |
| Gross Margin | 74.7% | 74.5% | 73.3% | 0.2pp | 1.4pp |
| Net Margin | -37.2% | -34.8% | -42.8% | -2.4pp | 5.6pp |
| EPS (Diluted) | $-0.25 | $-0.22 | $-0.24 | -13.6% | -4.2% |
| Free Cash Flow | -$13M | -$5M | -$30M | -130.5% | 57.2% |
| Item | Amount |
|---|---|
| REVENUE | $211M |
| Cost of Revenue | $53M |
| GROSS PROFIT | $157M |
| R&D Expenses | $70M |
| Selling & Marketing | $124M |
| General & Administrative | $52M |
| SG&A Expenses | $176M |
| Other Expenses | $0 |
| Operating Expenses | $247M |
| Cost & Expenses | $300M |
| OPERATING INCOME | -$89M |
| Interest Income | $13M |
| Interest Expense | $38.0K |
| Other Income/Expenses | $12M |
| INCOME BEFORE TAX | -$77M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | -$78M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$78M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$78M |
| D&A | $11M |
| EBIT | -$77M |
| EBITDA | -$66M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$78M |
| Depreciation & Amortization | $11M |
| Stock-Based Compensation | $70M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $15M |
| Change in Working Capital | -$25M |
| OPERATING CASH FLOW | -$7M |
| Capital Expenditure | -$5M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$155M |
| Sales/Maturities of Investments | $190M |
| Other Investing Activities | -$5M |
| NET CASH FROM INVESTING | $30M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $10M |
| NET CASH FROM FINANCING | $10M |
| FREE CASH FLOW | -$13M |
| Net Change in Cash | $33M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $236M |
| Short-Term Investments | $425M |
| Net Receivables | $165M |
| Inventory | $0 |
| Other Current Assets | $166M |
| TOTAL CURRENT ASSETS | $991M |
| PP&E (Net) | $85M |
| Goodwill | $630M |
| Intangible Assets | $114M |
| Long-Term Investments | $464M |
| Tax Assets | $0 |
| Other Non-Current Assets | $84M |
| TOTAL NON-CURRENT ASSETS | $1.4B |
| TOTAL ASSETS | $2.4B |
| Account Payables | $10M |
| Short-Term Debt | $0 |
| Deferred Revenue | $401M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $607M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $98M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $8M |
| TOTAL NON-CURRENT LIABILITIES | $120M |
| TOTAL LIABILITIES | $727M |
| Common Stock | $32.0K |
| Additional Paid-In Capital | $3.2B |
| Retained Earnings | -$1.6B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $3M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.6B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.6B |
| TOTAL LIABILITIES & EQUITY | $2.4B |
| Total Debt | $20M |
| Net Debt | -$216M |
