| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.5B | $1.3B | $1.4B | 12.0% | 9.8% |
| Op. Income | -$128M | -$260M | -$173M | 50.6% | 25.9% |
| Gross Margin | 55.3% | 51.4% | 53.5% | 3.8pp | 1.8pp |
| Net Margin | -6.9% | -19.5% | -11.2% | 12.7pp | 4.3pp |
| EPS (Diluted) | $-0.06 | $-0.16 | $-0.09 | 61.9% | 33.8% |
| Free Cash Flow | $93M | $24M | $72M | 292.7% | 30.1% |
| Item | Amount |
|---|---|
| REVENUE | $1.5B |
| Cost of Revenue | $674M |
| GROSS PROFIT | $833M |
| R&D Expenses | $453M |
| Selling & Marketing | $256M |
| General & Administrative | $251M |
| SG&A Expenses | $508M |
| Other Expenses | $0 |
| Operating Expenses | $961M |
| Cost & Expenses | $1.6B |
| OPERATING INCOME | -$128M |
| Interest Income | $32M |
| Interest Expense | $34M |
| Other Income/Expenses | $25M |
| INCOME BEFORE TAX | -$103M |
| Income Tax Expense | $510.0K |
| Net Income from Continuing Ops | -$104M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$104M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$104M |
| D&A | $43M |
| EBIT | -$69M |
| EBITDA | -$26M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$104M |
| Depreciation & Amortization | $43M |
| Stock-Based Compensation | $260M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$25M |
| Change in Working Capital | -$28M |
| OPERATING CASH FLOW | $146M |
| Capital Expenditure | -$53M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$389M |
| Sales/Maturities of Investments | $334M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$108M |
| Net Debt Issuance | -$1.5B |
| Common Stock Repurchased | $1.4B |
| Common Dividends Paid | $0 |
| Other Financing Activities | $21M |
| NET CASH FROM FINANCING | -$12M |
| FREE CASH FLOW | $93M |
| Net Change in Cash | $27M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $953M |
| Short-Term Investments | $2.0B |
| Net Receivables | $1.2B |
| Inventory | $0 |
| Other Current Assets | $235M |
| TOTAL CURRENT ASSETS | $4.5B |
| PP&E (Net) | $1.1B |
| Goodwill | $1.7B |
| Intangible Assets | $77M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $226M |
| TOTAL NON-CURRENT ASSETS | $3.1B |
| TOTAL ASSETS | $7.6B |
| Account Payables | $154M |
| Short-Term Debt | $47M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $1.2B |
| Long-Term Debt | $3.5B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $67M |
| TOTAL NON-CURRENT LIABILITIES | $4.1B |
| TOTAL LIABILITIES | $5.4B |
| Common Stock | $17.0K |
| Additional Paid-In Capital | $16.4B |
| Retained Earnings | -$13.7B |
| Treasury Stock | -$440M |
| Accum. Other Comp. Income | $26M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.2B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.2B |
| TOTAL LIABILITIES & EQUITY | $7.6B |
| Total Debt | $4.2B |
| Net Debt | $3.2B |
