| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $267M | $267M | $237M | -0.2% | 12.3% |
| Op. Income | -$26M | -$15M | -$17M | -73.0% | -51.1% |
| Gross Margin | 43.4% | 45.7% | 46.5% | -2.3pp | -3.0pp |
| Net Margin | -8.2% | 0.7% | -7.6% | -8.9pp | -0.5pp |
| EPS (Diluted) | $-0.56 | $0.05 | $-0.46 | -1338.9% | -21.7% |
| Free Cash Flow | $58M | $18M | -$23M | 220.4% | 355.5% |
| Item | Amount |
|---|---|
| REVENUE | $267M |
| Cost of Revenue | $151M |
| GROSS PROFIT | $116M |
| R&D Expenses | $89M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $54M |
| Operating Expenses | $142M |
| Cost & Expenses | $293M |
| OPERATING INCOME | -$26M |
| Interest Income | $0 |
| Interest Expense | $1M |
| Other Income/Expenses | -$1M |
| INCOME BEFORE TAX | -$27M |
| Income Tax Expense | -$6M |
| Net Income from Continuing Ops | -$22M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$22M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$22M |
| D&A | $38M |
| EBIT | -$12M |
| EBITDA | $26M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$22M |
| Depreciation & Amortization | $38M |
| Stock-Based Compensation | $20M |
| Deferred Income Tax | -$12M |
| Other Non-Cash Items | $18M |
| Change in Working Capital | $32M |
| OPERATING CASH FLOW | $73M |
| Capital Expenditure | -$15M |
| Acquisitions (Net) | -$198M |
| Purchases of Investments | -$61M |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$10M |
| NET CASH FROM INVESTING | -$274M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$38M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$3M |
| NET CASH FROM FINANCING | -$35M |
| FREE CASH FLOW | $58M |
| Net Change in Cash | -$236M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $360M |
| Short-Term Investments | $61M |
| Net Receivables | $132M |
| Inventory | $133M |
| Other Current Assets | $26M |
| TOTAL CURRENT ASSETS | $713M |
| PP&E (Net) | $115M |
| Goodwill | $872M |
| Intangible Assets | $436M |
| Long-Term Investments | $0 |
| Tax Assets | $389M |
| Other Non-Current Assets | $29M |
| TOTAL NON-CURRENT ASSETS | $1.8B |
| TOTAL ASSETS | $2.6B |
| Account Payables | $90M |
| Short-Term Debt | $0 |
| Deferred Revenue | $58M |
| Other Current Liabilities | $47M |
| TOTAL CURRENT LIABILITIES | $248M |
| Long-Term Debt | $834M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $7M |
| Other Non-Current Liabilities | $43M |
| TOTAL NON-CURRENT LIABILITIES | $920M |
| TOTAL LIABILITIES | $1.2B |
| Common Stock | $100.0K |
| Additional Paid-In Capital | $1.2B |
| Retained Earnings | $1.2B |
| Treasury Stock | -$991M |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.4B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.4B |
| TOTAL LIABILITIES & EQUITY | $2.6B |
| Total Debt | $881M |
| Net Debt | $521M |
