| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $21M | $119.0K | $176.0K | 17963.0% | 12113.1% |
| Op. Income | $3M | -$29M | -$23M | 109.0% | 111.6% |
| Gross Margin | 100.0% | 100.0% | 100.0% | 0.0pp | 0.0pp |
| Net Margin | 38.0% | -20872.3% | -11660.8% | 20910.3pp | 11698.8pp |
| EPS (Diluted) | $0.18 | $-0.56 | $-0.49 | 132.1% | 136.7% |
| Free Cash Flow | $169M | -$20M | -$17M | 929.7% | 1070.5% |
| Item | Amount |
|---|---|
| REVENUE | $21M |
| Cost of Revenue | $0 |
| GROSS PROFIT | $21M |
| R&D Expenses | $24M |
| Selling & Marketing | $0 |
| General & Administrative | $7M |
| SG&A Expenses | $7M |
| Other Expenses | -$13M |
| Operating Expenses | $19M |
| Cost & Expenses | $19M |
| OPERATING INCOME | $3M |
| Interest Income | $6M |
| Interest Expense | $0 |
| Other Income/Expenses | $6M |
| INCOME BEFORE TAX | $8M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | $8M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $8M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $8M |
| D&A | $401.0K |
| EBIT | -$10M |
| EBITDA | -$9M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $21M |
| Cost of Revenue | $0 |
| GROSS PROFIT | $21M |
| R&D Expenses | $24M |
| Selling & Marketing | $0 |
| General & Administrative | $7M |
| SG&A Expenses | $7M |
| Other Expenses | -$13M |
| Operating Expenses | $19M |
| Cost & Expenses | $19M |
| OPERATING INCOME | $3M |
| Interest Income | $6M |
| Interest Expense | $0 |
| Other Income/Expenses | $6M |
| INCOME BEFORE TAX | $8M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | $8M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $8M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $8M |
| D&A | $401.0K |
| EBIT | -$10M |
| EBITDA | -$9M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $8M |
| Depreciation & Amortization | $400.0K |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$10M |
| Change in Working Capital | $170M |
| OPERATING CASH FLOW | $169M |
| Capital Expenditure | -$13.0K |
| Acquisitions (Net) | $13M |
| Purchases of Investments | -$110M |
| Sales/Maturities of Investments | $59M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$38M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$1.0K |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $263.0K |
| FREE CASH FLOW | $169M |
| Net Change in Cash | $131M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $320M |
| Short-Term Investments | $154M |
| Net Receivables | $9M |
| Inventory | $0 |
| Other Current Assets | $3M |
| TOTAL CURRENT ASSETS | $492M |
| PP&E (Net) | $26M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $87M |
| Tax Assets | $0 |
| Other Non-Current Assets | $1M |
| TOTAL NON-CURRENT ASSETS | $115M |
| TOTAL ASSETS | $607M |
| Account Payables | $4M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $62M |
| TOTAL CURRENT LIABILITIES | $75M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $121M |
| TOTAL NON-CURRENT LIABILITIES | $143M |
| TOTAL LIABILITIES | $218M |
| Common Stock | $45.0K |
| Additional Paid-In Capital | $545M |
| Retained Earnings | -$157M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $375.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $389M |
| Minority Interest | $0 |
| TOTAL EQUITY | $389M |
| TOTAL LIABILITIES & EQUITY | $607M |
| Total Debt | $24M |
| Net Debt | -$296M |
