| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $227M | $245M | $216M | -7.1% | 5.1% |
| Op. Income | $95M | $56M | $50M | 69.9% | 91.0% |
| Gross Margin | 90.4% | 90.4% | 86.1% | -0.0pp | 4.3pp |
| Net Margin | 20.4% | 21.4% | 24.0% | -0.9pp | -3.6pp |
| EPS (Diluted) | $0.53 | $0.60 | $0.59 | -11.4% | -9.9% |
| Free Cash Flow | -$801.3K | $60M | $0 | -101.3% | — |
| Item | Amount |
|---|---|
| REVENUE | $227M |
| Cost of Revenue | $22M |
| GROSS PROFIT | $205M |
| R&D Expenses | $13M |
| Selling & Marketing | $48M |
| General & Administrative | $15M |
| SG&A Expenses | $64M |
| Other Expenses | $34M |
| Operating Expenses | $111M |
| Cost & Expenses | $133M |
| OPERATING INCOME | $95M |
| Interest Income | $3M |
| Interest Expense | $0 |
| Other Income/Expenses | -$40M |
| INCOME BEFORE TAX | $55M |
| Income Tax Expense | $8M |
| Net Income from Continuing Ops | $46M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $46M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $46M |
| D&A | $475.2K |
| EBIT | $95M |
| EBITDA | $95M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $227M |
| Cost of Revenue | $22M |
| GROSS PROFIT | $205M |
| R&D Expenses | $13M |
| Selling & Marketing | $48M |
| General & Administrative | $15M |
| SG&A Expenses | $64M |
| Other Expenses | $34M |
| Operating Expenses | $111M |
| Cost & Expenses | $133M |
| OPERATING INCOME | $95M |
| Interest Income | $3M |
| Interest Expense | $0 |
| Other Income/Expenses | -$40M |
| INCOME BEFORE TAX | $55M |
| Income Tax Expense | $8M |
| Net Income from Continuing Ops | $46M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $46M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $46M |
| D&A | $475.2K |
| EBIT | $95M |
| EBITDA | $95M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $46M |
| Depreciation & Amortization | $475.2K |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$50M |
| Change in Working Capital | $0 |
| OPERATING CASH FLOW | -$801.3K |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$103M |
| NET CASH FROM INVESTING | -$103M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $77M |
| NET CASH FROM FINANCING | $77M |
| FREE CASH FLOW | -$801.3K |
| Net Change in Cash | -$28M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $565M |
| Short-Term Investments | $0 |
| Net Receivables | $904M |
| Inventory | $0 |
| Other Current Assets | $232M |
| TOTAL CURRENT ASSETS | $2.1B |
| PP&E (Net) | $18M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $74M |
| Tax Assets | $0 |
| Other Non-Current Assets | $75M |
| TOTAL NON-CURRENT ASSETS | $167M |
| TOTAL ASSETS | $2.3B |
| Account Payables | $7M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $8M |
| TOTAL CURRENT LIABILITIES | $256M |
| Long-Term Debt | $1M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $483M |
| TOTAL NON-CURRENT LIABILITIES | $491M |
| TOTAL LIABILITIES | $746M |
| Common Stock | $19.4K |
| Additional Paid-In Capital | $764M |
| Retained Earnings | $762M |
| Treasury Stock | -$25M |
| Accum. Other Comp. Income | $10M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.5B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.5B |
| TOTAL LIABILITIES & EQUITY | $2.3B |
| Total Debt | $8M |
| Net Debt | -$557M |
