| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $416M | $408M | $440M | 2.0% | -5.5% |
| Op. Income | $63M | $24M | $56M | 162.5% | 12.5% |
| Gross Margin | 61.3% | 56.4% | 60.5% | 4.9pp | 0.8pp |
| Net Margin | 9.6% | 2.2% | 7.3% | 7.4pp | 2.3pp |
| EPS (Diluted) | $0.42 | $0.09 | $0.33 | 366.7% | 27.3% |
| Free Cash Flow | $99M | $39M | $87M | 153.8% | 13.8% |
| Item | Amount |
|---|---|
| REVENUE | $416M |
| Cost of Revenue | $161M |
| GROSS PROFIT | $255M |
| R&D Expenses | $70M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $122M |
| Other Expenses | $0 |
| Operating Expenses | $192M |
| Cost & Expenses | $353M |
| OPERATING INCOME | $63M |
| Interest Income | $2M |
| Interest Expense | $7M |
| Other Income/Expenses | -$9M |
| INCOME BEFORE TAX | $54M |
| Income Tax Expense | $14M |
| Net Income from Continuing Ops | $40M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $40M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $40M |
| D&A | $24M |
| EBIT | $61M |
| EBITDA | $85M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $416M |
| Cost of Revenue | $161M |
| GROSS PROFIT | $255M |
| R&D Expenses | $70M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $122M |
| Other Expenses | $0 |
| Operating Expenses | $192M |
| Cost & Expenses | $353M |
| OPERATING INCOME | $63M |
| Interest Income | $2M |
| Interest Expense | $7M |
| Other Income/Expenses | -$9M |
| INCOME BEFORE TAX | $54M |
| Income Tax Expense | $14M |
| Net Income from Continuing Ops | $40M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $40M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $40M |
| D&A | $24M |
| EBIT | $61M |
| EBITDA | $85M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $40M |
| Depreciation & Amortization | $24M |
| Stock-Based Compensation | $29M |
| Deferred Income Tax | $20M |
| Other Non-Cash Items | $1M |
| Change in Working Capital | -$20M |
| OPERATING CASH FLOW | $94M |
| Capital Expenditure | $5M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$6M |
| Net Debt Issuance | -$25M |
| Common Stock Repurchased | -$30M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $5M |
| NET CASH FROM FINANCING | -$50M |
| FREE CASH FLOW | $99M |
| Net Change in Cash | $37M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $406M |
| Short-Term Investments | $0 |
| Net Receivables | $309M |
| Inventory | $5M |
| Other Current Assets | $91M |
| TOTAL CURRENT ASSETS | $811M |
| PP&E (Net) | $210M |
| Goodwill | $399M |
| Intangible Assets | $0 |
| Long-Term Investments | $2M |
| Tax Assets | $212M |
| Other Non-Current Assets | $127M |
| TOTAL NON-CURRENT ASSETS | $950M |
| TOTAL ASSETS | $1.8B |
| Account Payables | $100M |
| Short-Term Debt | $25M |
| Deferred Revenue | $527M |
| Other Current Liabilities | $99M |
| TOTAL CURRENT LIABILITIES | $906M |
| Long-Term Debt | $437M |
| Deferred Revenue NC | $12M |
| Deferred Tax Liabilities | $10M |
| Other Non-Current Liabilities | $125M |
| TOTAL NON-CURRENT LIABILITIES | $636M |
| TOTAL LIABILITIES | $1.5B |
| Common Stock | $1M |
| Additional Paid-In Capital | $2.3B |
| Retained Earnings | -$1.9B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$138M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $219M |
| Minority Interest | $0 |
| TOTAL EQUITY | $219M |
| TOTAL LIABILITIES & EQUITY | $1.8B |
| Total Debt | $573M |
| Net Debt | $167M |
