| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $169M | $156M | $127M | 8.2% | 33.6% |
| Op. Income | $52M | $44M | $37M | 19.1% | 39.3% |
| Gross Margin | 96.1% | 96.2% | 94.9% | -0.1pp | 1.3pp |
| Net Margin | 32.0% | 28.5% | 28.2% | 3.5pp | 3.7pp |
| EPS (Diluted) | $6.73 | $18.34 | $-1.71 | -63.3% | 493.8% |
| Free Cash Flow | $0 | $0 | $51M | — | -100.0% |
| Item | Amount |
|---|---|
| REVENUE | $169M |
| Cost of Revenue | $7M |
| GROSS PROFIT | $163M |
| R&D Expenses | $14M |
| Selling & Marketing | $83M |
| General & Administrative | $14M |
| SG&A Expenses | $97M |
| Other Expenses | $0 |
| Operating Expenses | $111M |
| Cost & Expenses | $117M |
| OPERATING INCOME | $52M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $3M |
| INCOME BEFORE TAX | $55M |
| Income Tax Expense | $1M |
| Net Income from Continuing Ops | $54M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $54M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $54M |
| D&A | $105.9K |
| EBIT | $52M |
| EBITDA | $52M |
| EPS | $7 |
| EPS Diluted | $7 |
| Item | Amount |
|---|---|
| REVENUE | $169M |
| Cost of Revenue | $7M |
| GROSS PROFIT | $163M |
| R&D Expenses | $14M |
| Selling & Marketing | $83M |
| General & Administrative | $14M |
| SG&A Expenses | $97M |
| Other Expenses | $0 |
| Operating Expenses | $111M |
| Cost & Expenses | $117M |
| OPERATING INCOME | $52M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $3M |
| INCOME BEFORE TAX | $55M |
| Income Tax Expense | $1M |
| Net Income from Continuing Ops | $54M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $54M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $54M |
| D&A | $105.9K |
| EBIT | $52M |
| EBITDA | $52M |
| EPS | $7 |
| EPS Diluted | $7 |
| Item | Amount |
|---|---|
| Net Income | $54M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$57M |
| Change in Working Capital | $0 |
| OPERATING CASH FLOW | $0 |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $0 |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $0 |
| FREE CASH FLOW | $0 |
| Net Change in Cash | $0 |
| Item | Amount |
|---|---|
| Cash & Equivalents | $70M |
| Short-Term Investments | $468M |
| Net Receivables | $54M |
| Inventory | $0 |
| Other Current Assets | $6M |
| TOTAL CURRENT ASSETS | $599M |
| PP&E (Net) | $3M |
| Goodwill | $0 |
| Intangible Assets | $10M |
| Long-Term Investments | $8M |
| Tax Assets | $2M |
| Other Non-Current Assets | $3M |
| TOTAL NON-CURRENT ASSETS | $24M |
| TOTAL ASSETS | $623M |
| Account Payables | $2M |
| Short-Term Debt | $0 |
| Deferred Revenue | $14M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $176M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $9M |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $9M |
| TOTAL LIABILITIES | $185M |
| Common Stock | $27.6K |
| Additional Paid-In Capital | $462M |
| Retained Earnings | -$26M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $2M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $438M |
| Minority Interest | $0 |
| TOTAL EQUITY | $438M |
| TOTAL LIABILITIES & EQUITY | $623M |
| Total Debt | $2M |
| Net Debt | -$68M |
