| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $194M | $163M | $171M | 18.9% | 13.3% |
| Op. Income | $14M | -$9M | -$23M | 251.3% | 162.0% |
| Gross Margin | 97.6% | 98.1% | 98.0% | -0.5pp | -0.4pp |
| Net Margin | 6.7% | -4.7% | -10.6% | 11.3pp | 17.2pp |
| EPS (Diluted) | $0.18 | $-0.12 | $-0.26 | 250.0% | 168.2% |
| Free Cash Flow | $9M | -$9M | $4M | 201.8% | 155.5% |
| Item | Amount |
|---|---|
| REVENUE | $194M |
| Cost of Revenue | $5M |
| GROSS PROFIT | $189M |
| R&D Expenses | $14M |
| Selling & Marketing | $150M |
| General & Administrative | $10M |
| SG&A Expenses | $160M |
| Other Expenses | $534.3K |
| Operating Expenses | $175M |
| Cost & Expenses | $179M |
| OPERATING INCOME | $14M |
| Interest Income | $603.1K |
| Interest Expense | $12.9K |
| Other Income/Expenses | $4M |
| INCOME BEFORE TAX | $18M |
| Income Tax Expense | $5M |
| Net Income from Continuing Ops | $13M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $13M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $13M |
| D&A | $1M |
| EBIT | $18M |
| EBITDA | $20M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $194M |
| Cost of Revenue | $5M |
| GROSS PROFIT | $189M |
| R&D Expenses | $14M |
| Selling & Marketing | $150M |
| General & Administrative | $10M |
| SG&A Expenses | $160M |
| Other Expenses | $534.3K |
| Operating Expenses | $175M |
| Cost & Expenses | $179M |
| OPERATING INCOME | $14M |
| Interest Income | $603.1K |
| Interest Expense | $12.9K |
| Other Income/Expenses | $4M |
| INCOME BEFORE TAX | $18M |
| Income Tax Expense | $5M |
| Net Income from Continuing Ops | $13M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $13M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $13M |
| D&A | $1M |
| EBIT | $18M |
| EBITDA | $20M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $13M |
| Depreciation & Amortization | $1M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$6M |
| Change in Working Capital | $2M |
| OPERATING CASH FLOW | $10M |
| Capital Expenditure | -$1M |
| Acquisitions (Net) | -$18M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $3M |
| NET CASH FROM INVESTING | -$16M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$344.9K |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$26.9K |
| NET CASH FROM FINANCING | -$371.8K |
| FREE CASH FLOW | $9M |
| Net Change in Cash | -$6M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $124M |
| Short-Term Investments | $22M |
| Net Receivables | $98M |
| Inventory | $0 |
| Other Current Assets | $125.1K |
| TOTAL CURRENT ASSETS | $251M |
| PP&E (Net) | $55M |
| Goodwill | $17M |
| Intangible Assets | $88M |
| Long-Term Investments | $9M |
| Tax Assets | $2M |
| Other Non-Current Assets | $0 |
| TOTAL NON-CURRENT ASSETS | $171M |
| TOTAL ASSETS | $422M |
| Account Payables | $45M |
| Short-Term Debt | $3M |
| Deferred Revenue | $54M |
| Other Current Liabilities | $1M |
| TOTAL CURRENT LIABILITIES | $132M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $17M |
| Other Non-Current Liabilities | $708.5K |
| TOTAL NON-CURRENT LIABILITIES | $58M |
| TOTAL LIABILITIES | $191M |
| Common Stock | $175M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$894M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $951M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $231M |
| Minority Interest | $0 |
| TOTAL EQUITY | $231M |
| TOTAL LIABILITIES & EQUITY | $422M |
| Total Debt | $43M |
| Net Debt | -$81M |
