| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $196M | $200M | $195M | -2.1% | 0.1% |
| Op. Income | -$162.0K | $4M | -$29M | -104.1% | 99.5% |
| Gross Margin | 65.9% | 66.1% | 63.0% | -0.2pp | 2.9pp |
| Net Margin | 0.8% | 3.1% | -12.9% | -2.3pp | 13.8pp |
| EPS (Diluted) | $0.01 | $0.04 | $-0.17 | -74.0% | 106.4% |
| Free Cash Flow | $12M | $39M | -$10M | -69.0% | 218.5% |
| Item | Amount |
|---|---|
| REVENUE | $196M |
| Cost of Revenue | $67M |
| GROSS PROFIT | $129M |
| R&D Expenses | $26M |
| Selling & Marketing | $82M |
| General & Administrative | $22M |
| SG&A Expenses | $103M |
| Other Expenses | $0 |
| Operating Expenses | $129M |
| Cost & Expenses | $196M |
| OPERATING INCOME | -$162.0K |
| Interest Income | $4M |
| Interest Expense | $350.0K |
| Other Income/Expenses | $3M |
| INCOME BEFORE TAX | $3M |
| Income Tax Expense | $1M |
| Net Income from Continuing Ops | $2M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $2M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $2M |
| D&A | $6M |
| EBIT | $3M |
| EBITDA | $9M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $2M |
| Depreciation & Amortization | $6M |
| Stock-Based Compensation | $18M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $18M |
| Change in Working Capital | -$28M |
| OPERATING CASH FLOW | $16M |
| Capital Expenditure | -$4M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$25M |
| Sales/Maturities of Investments | $52M |
| Other Investing Activities | -$3M |
| NET CASH FROM INVESTING | $23M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$28M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$5M |
| NET CASH FROM FINANCING | -$33M |
| FREE CASH FLOW | $12M |
| Net Change in Cash | $6M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $236M |
| Short-Term Investments | $135M |
| Net Receivables | $77M |
| Inventory | $0 |
| Other Current Assets | $76M |
| TOTAL CURRENT ASSETS | $524M |
| PP&E (Net) | $17M |
| Goodwill | $13M |
| Intangible Assets | $3M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $62M |
| TOTAL NON-CURRENT ASSETS | $95M |
| TOTAL ASSETS | $619M |
| Account Payables | $7M |
| Short-Term Debt | $5M |
| Deferred Revenue | $296M |
| Other Current Liabilities | $76M |
| TOTAL CURRENT LIABILITIES | $389M |
| Long-Term Debt | $7M |
| Deferred Revenue NC | $1M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | -$7M |
| TOTAL NON-CURRENT LIABILITIES | $8M |
| TOTAL LIABILITIES | $397M |
| Common Stock | $1.0K |
| Additional Paid-In Capital | $1.0B |
| Retained Earnings | -$799M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $144.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $222M |
| Minority Interest | $0 |
| TOTAL EQUITY | $222M |
| TOTAL LIABILITIES & EQUITY | $619M |
| Total Debt | $12M |
| Net Debt | -$224M |
