| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $678M | $648M | $553M | 4.7% | 22.6% |
| Op. Income | -$22M | -$37M | -$4M | 39.4% | -407.1% |
| Gross Margin | 77.0% | 77.1% | 78.5% | -0.1pp | -1.5pp |
| Net Margin | -0.6% | -1.2% | 3.5% | 0.6pp | -4.1pp |
| EPS (Diluted) | $-0.03 | $-0.05 | $0.12 | 47.1% | -122.2% |
| Free Cash Flow | $119M | $143M | $123M | -16.7% | -3.0% |
| Item | Amount |
|---|---|
| REVENUE | $678M |
| Cost of Revenue | $156M |
| GROSS PROFIT | $522M |
| R&D Expenses | $169M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $375M |
| Other Expenses | $0 |
| Operating Expenses | $545M |
| Cost & Expenses | $700M |
| OPERATING INCOME | -$22M |
| Interest Income | $31M |
| Interest Expense | $2M |
| Other Income/Expenses | $27M |
| INCOME BEFORE TAX | $5M |
| Income Tax Expense | $9M |
| Net Income from Continuing Ops | -$4M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$4M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$4M |
| D&A | $32M |
| EBIT | $7M |
| EBITDA | $39M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$4M |
| Depreciation & Amortization | $32M |
| Stock-Based Compensation | $159M |
| Deferred Income Tax | -$482.0K |
| Other Non-Cash Items | $52M |
| Change in Working Capital | -$28M |
| OPERATING CASH FLOW | $211M |
| Capital Expenditure | -$92M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$158M |
| Sales/Maturities of Investments | $271M |
| Other Investing Activities | -$19M |
| NET CASH FROM INVESTING | $22M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$440.0K |
| NET CASH FROM FINANCING | -$399.0K |
| FREE CASH FLOW | $119M |
| Net Change in Cash | $232M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2.0B |
| Short-Term Investments | $1.0B |
| Net Receivables | $616M |
| Inventory | $0 |
| Other Current Assets | $294M |
| TOTAL CURRENT ASSETS | $3.9B |
| PP&E (Net) | $570M |
| Goodwill | $418M |
| Intangible Assets | $51M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $385M |
| TOTAL NON-CURRENT ASSETS | $1.4B |
| TOTAL ASSETS | $5.3B |
| Account Payables | $55M |
| Short-Term Debt | $1.1B |
| Deferred Revenue | $1.7B |
| Other Current Liabilities | $77M |
| TOTAL CURRENT LIABILITIES | $3.2B |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $307M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $26M |
| TOTAL NON-CURRENT LIABILITIES | $366M |
| TOTAL LIABILITIES | $3.5B |
| Common Stock | $156.0K |
| Additional Paid-In Capital | $3.0B |
| Retained Earnings | -$1.2B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $16M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.8B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.8B |
| TOTAL LIABILITIES & EQUITY | $5.3B |
| Total Debt | $1.2B |
| Net Debt | -$762M |
