| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $175M | $139M | $101M | 26.3% | 73.3% |
| Op. Income | $86M | $68M | $42M | 26.5% | 105.5% |
| Gross Margin | 70.5% | 70.3% | 68.0% | 0.2pp | 2.4pp |
| Net Margin | 30.7% | 29.9% | 17.6% | 0.9pp | 13.2pp |
| EPS (Diluted) | $0.29 | $0.22 | $0.11 | 31.8% | 163.6% |
| Item | Amount |
|---|---|
| REVENUE | $175M |
| Cost of Revenue | $52M |
| GROSS PROFIT | $123M |
| R&D Expenses | $0 |
| Selling & Marketing | $13M |
| General & Administrative | $22M |
| SG&A Expenses | $35M |
| Other Expenses | $3M |
| Operating Expenses | $38M |
| Cost & Expenses | $89M |
| OPERATING INCOME | $86M |
| Interest Income | $0 |
| Interest Expense | $22M |
| Other Income/Expenses | -$21M |
| INCOME BEFORE TAX | $65M |
| Income Tax Expense | $11M |
| Net Income from Continuing Ops | $54M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $54M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $54M |
| D&A | $3M |
| EBIT | $87M |
| EBITDA | $90M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $175M |
| Cost of Revenue | $52M |
| GROSS PROFIT | $123M |
| R&D Expenses | $0 |
| Selling & Marketing | $13M |
| General & Administrative | $22M |
| SG&A Expenses | $35M |
| Other Expenses | $3M |
| Operating Expenses | $38M |
| Cost & Expenses | $89M |
| OPERATING INCOME | $86M |
| Interest Income | $0 |
| Interest Expense | $22M |
| Other Income/Expenses | -$21M |
| INCOME BEFORE TAX | $65M |
| Income Tax Expense | $11M |
| Net Income from Continuing Ops | $54M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $54M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $54M |
| D&A | $3M |
| EBIT | $87M |
| EBITDA | $90M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Cash & Equivalents | $579M |
| Short-Term Investments | $108M |
| Net Receivables | $4.0B |
| Inventory | $0 |
| Other Current Assets | $4.6B |
| TOTAL CURRENT ASSETS | $9.2B |
| PP&E (Net) | $27M |
| Goodwill | $2M |
| Intangible Assets | $0 |
| Long-Term Investments | $24M |
| Tax Assets | $11M |
| Other Non-Current Assets | $11M |
| TOTAL NON-CURRENT ASSETS | $76M |
| TOTAL ASSETS | $9.3B |
| Account Payables | $8.1B |
| Short-Term Debt | $161M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $8.5B |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $2M |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $8M |
| TOTAL LIABILITIES | $8.5B |
| Common Stock | $26.7K |
| Additional Paid-In Capital | $631M |
| Retained Earnings | $166M |
| Treasury Stock | -$2M |
| Accum. Other Comp. Income | $15M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $810M |
| Minority Interest | $6M |
| TOTAL EQUITY | $816M |
| TOTAL LIABILITIES & EQUITY | $9.3B |
| Total Debt | $173M |
| Net Debt | -$405M |
