| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $287M | $278M | $259M | 3.3% | 10.9% |
| Op. Income | $47M | $50M | $49M | -7.4% | -4.2% |
| Gross Margin | 69.8% | 72.3% | 67.8% | -2.5pp | 2.0pp |
| Net Margin | 13.6% | 14.0% | 16.6% | -0.4pp | -3.0pp |
| EPS (Diluted) | $0.51 | $0.52 | $0.57 | -1.9% | -10.5% |
| Free Cash Flow | $41M | -$42M | -$56M | 197.1% | 173.3% |
| Item | Amount |
|---|---|
| REVENUE | $287M |
| Cost of Revenue | $87M |
| GROSS PROFIT | $200M |
| R&D Expenses | $0 |
| Selling & Marketing | $4M |
| General & Administrative | $83M |
| SG&A Expenses | $87M |
| Other Expenses | $67M |
| Operating Expenses | $154M |
| Cost & Expenses | $240M |
| OPERATING INCOME | $47M |
| Interest Income | $218M |
| Interest Expense | $71M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $47M |
| Income Tax Expense | $7M |
| Net Income from Continuing Ops | $39M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $39M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $39M |
| D&A | $10M |
| EBIT | $47M |
| EBITDA | $57M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $287M |
| Cost of Revenue | $87M |
| GROSS PROFIT | $200M |
| R&D Expenses | $0 |
| Selling & Marketing | $4M |
| General & Administrative | $83M |
| SG&A Expenses | $87M |
| Other Expenses | $67M |
| Operating Expenses | $154M |
| Cost & Expenses | $240M |
| OPERATING INCOME | $47M |
| Interest Income | $218M |
| Interest Expense | $71M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $47M |
| Income Tax Expense | $7M |
| Net Income from Continuing Ops | $39M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $39M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $39M |
| D&A | $10M |
| EBIT | $47M |
| EBITDA | $57M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $39M |
| Depreciation & Amortization | $10M |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | -$9M |
| Other Non-Cash Items | $35M |
| Change in Working Capital | -$25M |
| OPERATING CASH FLOW | $53M |
| Capital Expenditure | -$12M |
| Acquisitions (Net) | $33M |
| Purchases of Investments | -$37M |
| Sales/Maturities of Investments | $178M |
| Other Investing Activities | -$52M |
| NET CASH FROM INVESTING | $112M |
| Net Debt Issuance | $3M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$20M |
| Other Financing Activities | -$9M |
| NET CASH FROM FINANCING | -$26M |
| FREE CASH FLOW | $41M |
| Net Change in Cash | $138M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.2B |
| Short-Term Investments | $90M |
| Net Receivables | $0 |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $1.3B |
| PP&E (Net) | $422M |
| Goodwill | $592M |
| Intangible Assets | $102M |
| Long-Term Investments | $16.2B |
| Tax Assets | $0 |
| Other Non-Current Assets | $1.0B |
| TOTAL NON-CURRENT ASSETS | $18.3B |
| TOTAL ASSETS | $19.7B |
| Account Payables | $0 |
| Short-Term Debt | $26M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $16.5B |
| TOTAL CURRENT LIABILITIES | $16.6B |
| Long-Term Debt | $336M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $384M |
| TOTAL NON-CURRENT LIABILITIES | $721M |
| TOTAL LIABILITIES | $17.3B |
| Common Stock | $132M |
| Additional Paid-In Capital | $1.3B |
| Retained Earnings | $1.1B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$63M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.4B |
| Minority Interest | $8M |
| TOTAL EQUITY | $2.4B |
| TOTAL LIABILITIES & EQUITY | $19.7B |
| Total Debt | $362M |
| Net Debt | -$888M |
