| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $676M | $655M | $581M | 3.2% | 16.4% |
| Op. Income | -$3M | -$11M | -$45M | 72.7% | 93.3% |
| Gross Margin | 72.6% | 74.7% | 75.9% | -2.0pp | -3.3pp |
| Net Margin | 1.5% | 0.3% | -3.4% | 1.2pp | 4.9pp |
| EPS (Diluted) | $0.04 | $0.01 | $-0.09 | 387.5% | 145.3% |
| Free Cash Flow | $73M | $43M | $131M | 69.8% | -44.3% |
| Item | Amount |
|---|---|
| REVENUE | $676M |
| Cost of Revenue | $185M |
| GROSS PROFIT | $491M |
| R&D Expenses | $151M |
| Selling & Marketing | $214M |
| General & Administrative | $127M |
| SG&A Expenses | $341M |
| Other Expenses | $2M |
| Operating Expenses | $494M |
| Cost & Expenses | $679M |
| OPERATING INCOME | -$3M |
| Interest Income | $0 |
| Interest Expense | $3M |
| Other Income/Expenses | $15M |
| INCOME BEFORE TAX | $12M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | $10M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $10M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $10M |
| D&A | $75M |
| EBIT | $15M |
| EBITDA | $90M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $10M |
| Depreciation & Amortization | $69M |
| Stock-Based Compensation | $99M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $5M |
| Change in Working Capital | -$78M |
| OPERATING CASH FLOW | $105M |
| Capital Expenditure | -$32M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$18M |
| Sales/Maturities of Investments | $77M |
| Other Investing Activities | -$8M |
| NET CASH FROM INVESTING | $19M |
| Net Debt Issuance | $42M |
| Common Stock Repurchased | -$38M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $38M |
| NET CASH FROM FINANCING | $163M |
| FREE CASH FLOW | $73M |
| Net Change in Cash | $287M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $874M |
| Short-Term Investments | $515M |
| Net Receivables | $157M |
| Inventory | $0 |
| Other Current Assets | $573M |
| TOTAL CURRENT ASSETS | $2.1B |
| PP&E (Net) | $93M |
| Goodwill | $2.8B |
| Intangible Assets | $609M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $54M |
| TOTAL NON-CURRENT ASSETS | $3.6B |
| TOTAL ASSETS | $5.7B |
| Account Payables | $38M |
| Short-Term Debt | $272M |
| Deferred Revenue | $69M |
| Other Current Liabilities | $59M |
| TOTAL CURRENT LIABILITIES | $584M |
| Long-Term Debt | $82M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | -$42M |
| TOTAL NON-CURRENT LIABILITIES | $122M |
| TOTAL LIABILITIES | $706M |
| Common Stock | $0 |
| Additional Paid-In Capital | $6.9B |
| Retained Earnings | -$1.9B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $2M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $5.0B |
| Minority Interest | $0 |
| TOTAL EQUITY | $5.0B |
| TOTAL LIABILITIES & EQUITY | $5.7B |
| Total Debt | $449M |
| Net Debt | -$425M |
