| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $471M | — | $447M | — | 5.4% |
| Op. Income | -$126M | — | -$127M | — | 1.0% |
| Gross Margin | 74.4% | — | 74.9% | — | -0.5pp |
| Net Margin | -26.9% | — | -27.9% | — | 1.1pp |
| EPS (Diluted) | $-0.30 | — | $-0.31 | — | 3.2% |
| Free Cash Flow | $151M | — | $103M | — | 47.3% |
| Item | Amount |
|---|---|
| REVENUE | $471M |
| Cost of Revenue | $120M |
| GROSS PROFIT | $350M |
| R&D Expenses | $244M |
| Selling & Marketing | $166M |
| General & Administrative | $66M |
| SG&A Expenses | $232M |
| Other Expenses | $0 |
| Operating Expenses | $476M |
| Cost & Expenses | $596M |
| OPERATING INCOME | -$126M |
| Interest Income | $20M |
| Interest Expense | $6M |
| Other Income/Expenses | $8M |
| INCOME BEFORE TAX | -$117M |
| Income Tax Expense | $9M |
| Net Income from Continuing Ops | -$126M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$126M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$126M |
| D&A | $136M |
| EBIT | -$111M |
| EBITDA | $24M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$127M |
| Depreciation & Amortization | $136M |
| Stock-Based Compensation | $92M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $39M |
| Change in Working Capital | $15M |
| OPERATING CASH FLOW | $155M |
| Capital Expenditure | -$4M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$2M |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $2M |
| NET CASH FROM INVESTING | -$4M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$31M |
| NET CASH FROM FINANCING | $54M |
| FREE CASH FLOW | $151M |
| Net Change in Cash | $208M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.9B |
| Short-Term Investments | $0 |
| Net Receivables | $600M |
| Inventory | $0 |
| Other Current Assets | $124M |
| TOTAL CURRENT ASSETS | $2.6B |
| PP&E (Net) | $77M |
| Goodwill | $3.2B |
| Intangible Assets | $769M |
| Long-Term Investments | $11M |
| Tax Assets | $0 |
| Other Non-Current Assets | $138M |
| TOTAL NON-CURRENT ASSETS | $4.2B |
| TOTAL ASSETS | $6.8B |
| Account Payables | $20M |
| Short-Term Debt | $0 |
| Deferred Revenue | $226M |
| Other Current Liabilities | $53M |
| TOTAL CURRENT LIABILITIES | $942M |
| Long-Term Debt | $2.2B |
| Deferred Revenue NC | $17M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $135M |
| TOTAL NON-CURRENT LIABILITIES | $2.4B |
| TOTAL LIABILITIES | $3.3B |
| Common Stock | $2.0K |
| Additional Paid-In Capital | $7.3B |
| Retained Earnings | -$4.0B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$5M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.2B |
| Minority Interest | $245M |
| TOTAL EQUITY | $3.4B |
| TOTAL LIABILITIES & EQUITY | $6.8B |
| Total Debt | $2.2B |
| Net Debt | $336M |
