| Metric | Q3 2026 | Q2 2026 | Q3 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $259M | $242M | $211M | 6.9% | 22.9% |
| Op. Income | -$73M | -$81M | -$89M | 9.1% | 17.7% |
| Gross Margin | 73.8% | 75.0% | 74.7% | -1.2pp | -0.9pp |
| Net Margin | -23.3% | -29.7% | -37.2% | 6.5pp | 13.9pp |
| EPS (Diluted) | $-0.18 | $-0.22 | $-0.25 | 18.2% | 28.0% |
| Free Cash Flow | $16M | -$7M | -$13M | 319.6% | 225.3% |
| Item | Amount |
|---|---|
| REVENUE | $259M |
| Cost of Revenue | $68M |
| GROSS PROFIT | $191M |
| R&D Expenses | $83M |
| Selling & Marketing | $127M |
| General & Administrative | $51M |
| SG&A Expenses | $178M |
| Other Expenses | $3M |
| Operating Expenses | $264M |
| Cost & Expenses | $332M |
| OPERATING INCOME | -$73M |
| Interest Income | $10M |
| Interest Expense | $0 |
| Other Income/Expenses | $10M |
| INCOME BEFORE TAX | -$63M |
| Income Tax Expense | -$3M |
| Net Income from Continuing Ops | -$60M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$60M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$60M |
| D&A | $15M |
| EBIT | -$70M |
| EBITDA | -$55M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$60M |
| Depreciation & Amortization | $15M |
| Stock-Based Compensation | $75M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $18M |
| Change in Working Capital | -$27M |
| OPERATING CASH FLOW | $21M |
| Capital Expenditure | -$5M |
| Acquisitions (Net) | -$245M |
| Purchases of Investments | -$25M |
| Sales/Maturities of Investments | $185M |
| Other Investing Activities | -$5M |
| NET CASH FROM INVESTING | -$90M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$49M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $1M |
| NET CASH FROM FINANCING | -$48M |
| FREE CASH FLOW | $16M |
| Net Change in Cash | -$117M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $152M |
| Short-Term Investments | $500M |
| Net Receivables | $199M |
| Inventory | $0 |
| Other Current Assets | $108M |
| TOTAL CURRENT ASSETS | $957M |
| PP&E (Net) | $80M |
| Goodwill | $912M |
| Intangible Assets | $140M |
| Long-Term Investments | $224M |
| Tax Assets | $0 |
| Other Non-Current Assets | $119M |
| TOTAL NON-CURRENT ASSETS | $1.5B |
| TOTAL ASSETS | $2.4B |
| Account Payables | $10M |
| Short-Term Debt | $0 |
| Deferred Revenue | $481M |
| Other Current Liabilities | $64M |
| TOTAL CURRENT LIABILITIES | $628M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $88M |
| Deferred Tax Liabilities | $8M |
| Other Non-Current Liabilities | $148M |
| TOTAL NON-CURRENT LIABILITIES | $254M |
| TOTAL LIABILITIES | $882M |
| Common Stock | $34.0K |
| Additional Paid-In Capital | $3.5B |
| Retained Earnings | -$2.0B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $3M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.5B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.5B |
| TOTAL LIABILITIES & EQUITY | $2.4B |
| Total Debt | $10M |
| Net Debt | -$142M |
