| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $162M | $152M | $148M | 6.2% | 9.1% |
| Op. Income | -$35M | -$35M | -$25M | 2.0% | -39.9% |
| Gross Margin | 78.2% | 79.5% | 83.8% | -1.2pp | -5.5pp |
| Net Margin | -18.5% | -23.5% | -12.4% | 5.0pp | -6.1pp |
| EPS (Diluted) | $-0.26 | $-0.32 | $-0.16 | 18.8% | -62.5% |
| Free Cash Flow | $30M | $18M | $21M | 66.3% | 43.2% |
| Item | Amount |
|---|---|
| REVENUE | $162M |
| Cost of Revenue | $35M |
| GROSS PROFIT | $126M |
| R&D Expenses | $63M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $98M |
| Other Expenses | $0 |
| Operating Expenses | $161M |
| Cost & Expenses | $196M |
| OPERATING INCOME | -$35M |
| Interest Income | $8M |
| Interest Expense | $0 |
| Other Income/Expenses | $6M |
| INCOME BEFORE TAX | -$28M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | -$30M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$30M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$30M |
| D&A | $3M |
| EBIT | -$28M |
| EBITDA | -$25M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$30M |
| Depreciation & Amortization | $3M |
| Stock-Based Compensation | $32M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $18M |
| Change in Working Capital | $11M |
| OPERATING CASH FLOW | $33M |
| Capital Expenditure | -$3M |
| Acquisitions (Net) | -$105M |
| Purchases of Investments | -$231M |
| Sales/Maturities of Investments | $258M |
| Other Investing Activities | $2M |
| NET CASH FROM INVESTING | -$82M |
| Net Debt Issuance | -$137.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$631.0K |
| NET CASH FROM FINANCING | $6M |
| FREE CASH FLOW | $30M |
| Net Change in Cash | -$42M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $157M |
| Short-Term Investments | $551M |
| Net Receivables | $143M |
| Inventory | $0 |
| Other Current Assets | $111M |
| TOTAL CURRENT ASSETS | $961M |
| PP&E (Net) | $94M |
| Goodwill | $135M |
| Intangible Assets | $17M |
| Long-Term Investments | $405M |
| Tax Assets | $0 |
| Other Non-Current Assets | $52M |
| TOTAL NON-CURRENT ASSETS | $704M |
| TOTAL ASSETS | $1.7B |
| Account Payables | $5M |
| Short-Term Debt | $9M |
| Deferred Revenue | $334M |
| Other Current Liabilities | $184M |
| TOTAL CURRENT LIABILITIES | $532M |
| Long-Term Debt | $452M |
| Deferred Revenue NC | $8M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $9M |
| TOTAL NON-CURRENT LIABILITIES | $528M |
| TOTAL LIABILITIES | $1.1B |
| Common Stock | $118.0K |
| Additional Paid-In Capital | $1.4B |
| Retained Earnings | -$842M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $18M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $605M |
| Minority Interest | $0 |
| TOTAL EQUITY | $605M |
| TOTAL LIABILITIES & EQUITY | $1.7B |
| Total Debt | $521M |
| Net Debt | $363M |
