| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.6B | $1.6B | $1.3B | 5.4% | 25.1% |
| Op. Income | $84M | $80M | $34M | 5.0% | 147.1% |
| Gross Margin | 26.5% | 25.3% | 24.7% | 1.2pp | 1.8pp |
| Net Margin | 6.4% | 5.2% | 4.3% | 1.3pp | 2.1pp |
| EPS (Diluted) | $0.16 | $0.13 | $0.07 | 23.1% | 136.0% |
| Free Cash Flow | $153M | $208M | $97M | -26.4% | 57.7% |
| Item | Amount |
|---|---|
| REVENUE | $1.6B |
| Cost of Revenue | $1.2B |
| GROSS PROFIT | $432M |
| R&D Expenses | $102M |
| Selling & Marketing | $144M |
| General & Administrative | $102M |
| SG&A Expenses | $246M |
| Other Expenses | $0 |
| Operating Expenses | $348M |
| Cost & Expenses | $1.5B |
| OPERATING INCOME | $84M |
| Interest Income | $13M |
| Interest Expense | $0 |
| Other Income/Expenses | $20M |
| INCOME BEFORE TAX | $104M |
| Income Tax Expense | -$1M |
| Net Income from Continuing Ops | $105M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $105M |
| Net Income Deductions | $7M |
| BOTTOM LINE NET INCOME | $98M |
| D&A | $13M |
| EBIT | $104M |
| EBITDA | $117M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $1.6B |
| Cost of Revenue | $1.2B |
| GROSS PROFIT | $432M |
| R&D Expenses | $102M |
| Selling & Marketing | $144M |
| General & Administrative | $102M |
| SG&A Expenses | $246M |
| Other Expenses | $0 |
| Operating Expenses | $348M |
| Cost & Expenses | $1.5B |
| OPERATING INCOME | $84M |
| Interest Income | $13M |
| Interest Expense | $0 |
| Other Income/Expenses | $20M |
| INCOME BEFORE TAX | $104M |
| Income Tax Expense | -$1M |
| Net Income from Continuing Ops | $105M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $105M |
| Net Income Deductions | $7M |
| BOTTOM LINE NET INCOME | $98M |
| D&A | $13M |
| EBIT | $104M |
| EBITDA | $117M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $105M |
| Depreciation & Amortization | $13M |
| Stock-Based Compensation | $66M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $57M |
| Change in Working Capital | -$76M |
| OPERATING CASH FLOW | $165M |
| Capital Expenditure | -$12M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$90M |
| Sales/Maturities of Investments | $98M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$4M |
| Net Debt Issuance | $1M |
| Common Stock Repurchased | -$23M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $3M |
| NET CASH FROM FINANCING | $19M |
| FREE CASH FLOW | $153M |
| Net Change in Cash | $163M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.4B |
| Short-Term Investments | $500M |
| Net Receivables | $121M |
| Inventory | $104M |
| Other Current Assets | $289M |
| TOTAL CURRENT ASSETS | $2.4B |
| PP&E (Net) | $123M |
| Goodwill | $113M |
| Intangible Assets | $16M |
| Long-Term Investments | $76M |
| Tax Assets | $0 |
| Other Non-Current Assets | $237M |
| TOTAL NON-CURRENT ASSETS | $565M |
| TOTAL ASSETS | $3.0B |
| Account Payables | $50M |
| Short-Term Debt | $0 |
| Deferred Revenue | $63M |
| Other Current Liabilities | $690M |
| TOTAL CURRENT LIABILITIES | $911M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $28M |
| TOTAL NON-CURRENT LIABILITIES | $46M |
| TOTAL LIABILITIES | $957M |
| Common Stock | $0 |
| Additional Paid-In Capital | $3.4B |
| Retained Earnings | -$1.4B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $3M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.0B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.0B |
| TOTAL LIABILITIES & EQUITY | $3.0B |
| Total Debt | $18M |
| Net Debt | -$1.3B |
