| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $269M | $271M | $240M | -0.7% | 11.9% |
| Op. Income | $60M | $65M | $27M | -7.1% | 121.9% |
| Gross Margin | 68.3% | 67.8% | 66.5% | 0.5pp | 1.9pp |
| Net Margin | 11.4% | 11.9% | 2.3% | -0.5pp | 9.2pp |
| EPS (Diluted) | $0.17 | $0.18 | $0.03 | -5.6% | 453.7% |
| Free Cash Flow | $76M | $91M | $70M | -16.3% | 8.5% |
| Item | Amount |
|---|---|
| REVENUE | $269M |
| Cost of Revenue | $85M |
| GROSS PROFIT | $184M |
| R&D Expenses | $12M |
| Selling & Marketing | $45M |
| General & Administrative | $32M |
| SG&A Expenses | $78M |
| Other Expenses | $33M |
| Operating Expenses | $123M |
| Cost & Expenses | $208M |
| OPERATING INCOME | $60M |
| Interest Income | $0 |
| Interest Expense | $17M |
| Other Income/Expenses | -$18M |
| INCOME BEFORE TAX | $43M |
| Income Tax Expense | $12M |
| Net Income from Continuing Ops | $31M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $31M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $31M |
| D&A | $33M |
| EBIT | $59M |
| EBITDA | $93M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $269M |
| Cost of Revenue | $85M |
| GROSS PROFIT | $184M |
| R&D Expenses | $12M |
| Selling & Marketing | $45M |
| General & Administrative | $32M |
| SG&A Expenses | $78M |
| Other Expenses | $33M |
| Operating Expenses | $123M |
| Cost & Expenses | $208M |
| OPERATING INCOME | $60M |
| Interest Income | $0 |
| Interest Expense | $17M |
| Other Income/Expenses | -$18M |
| INCOME BEFORE TAX | $43M |
| Income Tax Expense | $12M |
| Net Income from Continuing Ops | $31M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $31M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $31M |
| D&A | $33M |
| EBIT | $59M |
| EBITDA | $93M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $31M |
| Depreciation & Amortization | $33M |
| Stock-Based Compensation | $12M |
| Deferred Income Tax | $16M |
| Other Non-Cash Items | $2M |
| Change in Working Capital | -$11M |
| OPERATING CASH FLOW | $82M |
| Capital Expenditure | -$6M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$156M |
| Sales/Maturities of Investments | $206M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $45M |
| Net Debt Issuance | -$3M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $3M |
| NET CASH FROM FINANCING | $7M |
| FREE CASH FLOW | $76M |
| Net Change in Cash | $134M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $445M |
| Short-Term Investments | $0 |
| Net Receivables | $146M |
| Inventory | $0 |
| Other Current Assets | $2M |
| TOTAL CURRENT ASSETS | $614M |
| PP&E (Net) | $59M |
| Goodwill | $3.0B |
| Intangible Assets | $955M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $99M |
| TOTAL NON-CURRENT ASSETS | $4.1B |
| TOTAL ASSETS | $4.7B |
| Account Payables | $51M |
| Short-Term Debt | $18M |
| Deferred Revenue | $9M |
| Other Current Liabilities | $37M |
| TOTAL CURRENT LIABILITIES | $158M |
| Long-Term Debt | $1.2B |
| Deferred Revenue NC | $5M |
| Deferred Tax Liabilities | $123M |
| Other Non-Current Liabilities | -$11M |
| TOTAL NON-CURRENT LIABILITIES | $1.4B |
| TOTAL LIABILITIES | $1.5B |
| Common Stock | $2M |
| Additional Paid-In Capital | $3.4B |
| Retained Earnings | -$129M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$542.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.2B |
| Minority Interest | $0 |
| TOTAL EQUITY | $3.2B |
| TOTAL LIABILITIES & EQUITY | $4.7B |
| Total Debt | $1.3B |
| Net Debt | $821M |
