| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $285M | $271M | $246M | 5.2% | 15.8% |
| Op. Income | $24M | $22M | -$12M | 7.6% | 293.5% |
| Gross Margin | 56.0% | 59.0% | 55.4% | -3.0pp | 0.6pp |
| Net Margin | 6.8% | 3.4% | -10.0% | 3.5pp | 16.8pp |
| EPS (Diluted) | $0.09 | $0.04 | $-0.11 | 112.1% | 178.1% |
| Free Cash Flow | $1M | $37M | $16M | -97.3% | -93.9% |
| Item | Amount |
|---|---|
| REVENUE | $285M |
| Cost of Revenue | $125M |
| GROSS PROFIT | $160M |
| R&D Expenses | $50M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $86M |
| Other Expenses | $0 |
| Operating Expenses | $136M |
| Cost & Expenses | $261M |
| OPERATING INCOME | $24M |
| Interest Income | $0 |
| Interest Expense | $8M |
| Other Income/Expenses | -$21M |
| INCOME BEFORE TAX | $3M |
| Income Tax Expense | -$16M |
| Net Income from Continuing Ops | $20M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $20M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $20M |
| D&A | $17M |
| EBIT | $11M |
| EBITDA | $27M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $285M |
| Cost of Revenue | $125M |
| GROSS PROFIT | $160M |
| R&D Expenses | $50M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $86M |
| Other Expenses | $0 |
| Operating Expenses | $136M |
| Cost & Expenses | $261M |
| OPERATING INCOME | $24M |
| Interest Income | $0 |
| Interest Expense | $8M |
| Other Income/Expenses | -$21M |
| INCOME BEFORE TAX | $3M |
| Income Tax Expense | -$16M |
| Net Income from Continuing Ops | $20M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $20M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $20M |
| D&A | $17M |
| EBIT | $11M |
| EBITDA | $27M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $20M |
| Depreciation & Amortization | $17M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | -$25M |
| Other Non-Cash Items | $19M |
| Change in Working Capital | -$22M |
| OPERATING CASH FLOW | $8M |
| Capital Expenditure | -$7M |
| Acquisitions (Net) | -$118M |
| Purchases of Investments | -$62M |
| Sales/Maturities of Investments | $62M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$125M |
| Net Debt Issuance | -$100.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$5M |
| NET CASH FROM FINANCING | -$2M |
| FREE CASH FLOW | $1M |
| Net Change in Cash | -$114M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $374M |
| Short-Term Investments | $23M |
| Net Receivables | $279M |
| Inventory | $116M |
| Other Current Assets | $21M |
| TOTAL CURRENT ASSETS | $835M |
| PP&E (Net) | $263M |
| Goodwill | $585M |
| Intangible Assets | $140M |
| Long-Term Investments | $3M |
| Tax Assets | $84M |
| Other Non-Current Assets | $23M |
| TOTAL NON-CURRENT ASSETS | $1.1B |
| TOTAL ASSETS | $1.9B |
| Account Payables | $67M |
| Short-Term Debt | $245M |
| Deferred Revenue | $65M |
| Other Current Liabilities | $49M |
| TOTAL CURRENT LIABILITIES | $545M |
| Long-Term Debt | $396M |
| Deferred Revenue NC | $27M |
| Deferred Tax Liabilities | $8M |
| Other Non-Current Liabilities | $188M |
| TOTAL NON-CURRENT LIABILITIES | $660M |
| TOTAL LIABILITIES | $1.2B |
| Common Stock | $200.0K |
| Additional Paid-In Capital | $70.5B |
| Retained Earnings | -$69.6B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$141M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $729M |
| Minority Interest | $0 |
| TOTAL EQUITY | $729M |
| TOTAL LIABILITIES & EQUITY | $1.9B |
| Total Debt | $691M |
| Net Debt | $317M |
