| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $126M | $113M | — | 11.5% | — |
| Op. Income | $46M | $35M | — | 31.8% | — |
| Gross Margin | 55.3% | 70.9% | — | -15.5pp | — |
| Net Margin | 15.7% | 22.0% | — | -6.3pp | — |
| EPS (Diluted) | $0.13 | $0.17 | — | -23.5% | — |
| Free Cash Flow | $48M | $39M | — | 24.1% | — |
| Item | Amount |
|---|---|
| REVENUE | $126M |
| Cost of Revenue | $56M |
| GROSS PROFIT | $69M |
| R&D Expenses | $0 |
| Selling & Marketing | $9M |
| General & Administrative | $5M |
| SG&A Expenses | $14M |
| Other Expenses | $10M |
| Operating Expenses | $24M |
| Cost & Expenses | $80M |
| OPERATING INCOME | $46M |
| Interest Income | $4M |
| Interest Expense | $8M |
| Other Income/Expenses | -$16M |
| INCOME BEFORE TAX | $30M |
| Income Tax Expense | $10M |
| 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 | $19M |
| D&A | $956.0K |
| EBIT | $38M |
| EBITDA | $39M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $126M |
| Cost of Revenue | $56M |
| GROSS PROFIT | $69M |
| R&D Expenses | $0 |
| Selling & Marketing | $9M |
| General & Administrative | $5M |
| SG&A Expenses | $14M |
| Other Expenses | $10M |
| Operating Expenses | $24M |
| Cost & Expenses | $80M |
| OPERATING INCOME | $46M |
| Interest Income | $4M |
| Interest Expense | $8M |
| Other Income/Expenses | -$16M |
| INCOME BEFORE TAX | $30M |
| Income Tax Expense | $10M |
| 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 | $19M |
| D&A | $956.0K |
| EBIT | $38M |
| EBITDA | $39M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $20M |
| Depreciation & Amortization | $1M |
| Stock-Based Compensation | $5M |
| Deferred Income Tax | -$2M |
| Other Non-Cash Items | -$6M |
| Change in Working Capital | $30M |
| OPERATING CASH FLOW | $48M |
| Capital Expenditure | -$37.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$14M |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$6M |
| NET CASH FROM INVESTING | -$19M |
| Net Debt Issuance | -$987.0K |
| Common Stock Repurchased | -$90M |
| Common Dividends Paid | -$4M |
| Other Financing Activities | $430M |
| NET CASH FROM FINANCING | $335M |
| FREE CASH FLOW | $48M |
| Net Change in Cash | $362M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $556M |
| Short-Term Investments | $104M |
| Net Receivables | $47M |
| Inventory | $0 |
| Other Current Assets | $2M |
| TOTAL CURRENT ASSETS | $716M |
| PP&E (Net) | $2M |
| Goodwill | $87M |
| Intangible Assets | $606M |
| Long-Term Investments | $26M |
| Tax Assets | $8M |
| Other Non-Current Assets | $750.0K |
| TOTAL NON-CURRENT ASSETS | $731M |
| TOTAL ASSETS | $1.4B |
| Account Payables | $23M |
| Short-Term Debt | $151M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $80M |
| TOTAL CURRENT LIABILITIES | $254M |
| Long-Term Debt | $806M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $14M |
| TOTAL NON-CURRENT LIABILITIES | $819M |
| TOTAL LIABILITIES | $1.1B |
| Common Stock | $1M |
| Additional Paid-In Capital | $184M |
| Retained Earnings | $185M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $3M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $373M |
| Minority Interest | $0 |
| TOTAL EQUITY | $373M |
| TOTAL LIABILITIES & EQUITY | $1.4B |
| Total Debt | $956M |
| Net Debt | $400M |
