$358.94M
Revenue
$-9.89M
Net Income
40.85%
Gross Margin
0.52%
Op. Margin
$26.72M
Free Cash Flow
| Breakdown | TTM (Sep 30, 2025) |
FY 2024 (Dec 31, 2024) |
FY 2023 (Dec 31, 2023) |
FY 2022 (Dec 31, 2022) |
FY 2021 (Dec 31, 2021) |
FY 2020 (Dec 31, 2020) |
FY 2019 (Dec 31, 2019) |
FY 2018 (Dec 31, 2018) |
FY 2017 (Dec 31, 2017) |
FY 2014 (Dec 31, 2014) |
FY 2013 (Dec 31, 2013) |
FY 2012 (Dec 31, 2012) |
FY 2011 (Dec 31, 2011) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | $358.94M | $356.05M | $371.34M | $376.42M | $367.01M | $356.04M | $388.64M | $419.48M | $403.55M | $329.15M | $286.86M | $255.19M | $232.39M |
| Revenue Growth % | 0.8% | -4.1% | -1.3% | 2.6% | 3.1% | -8.4% | -7.4% | 3.9% | 22.6% | 14.7% | 12.4% | 9.8% | nan% |
| Cost of Revenue | $212.31M | $208.71M | $205.58M | $205.29M | $203.04M | $180.71M | $199.62M | $200.22M | $193.60M | $97.47M | $89.96M | $86.38M | $75.10M |
| Gross Profit | $146.63M | $147.34M | $165.76M | $171.13M | $163.97M | $175.32M | $189.02M | $219.26M | $209.94M | $231.68M | $196.90M | $168.81M | $157.29M |
| Gross Margin % | 40.9% | 41.4% | 44.6% | 45.5% | 44.7% | 49.2% | 48.6% | 52.3% | 52.0% | 70.4% | 68.6% | 66.2% | 67.7% |
| Operating Expenses | $357.08M | $415.56M | $444.94M | $451.30M | $395.88M | $377.31M | $699.11M | $558.42M | $699.05M | $343.93M | $283.77M | $262.99M | $250.43M |
| Research & Development | $31.76M | $33.07M | $33.70M | $36.99M | $39.12M | $38.71M | $61.80M | $76.98M | $89.02M | $60.36M | $41.02M | $33.99M | $34.05M |
| Operating Income | $1.86M | $-59.51M | $-73.60M | $-74.87M | $-28.86M | $-21.27M | $-310.47M | $-138.94M | $-295.50M | $-14.78M | $3.09M | $-7.80M | $-18.04M |
| Operating Margin % | 0.5% | -16.7% | -19.8% | -19.9% | -7.9% | -6.0% | -79.9% | -33.1% | -73.2% | -4.5% | 1.1% | -3.1% | -7.8% |
| Interest Expense | - | $1.21M | $1.54M | $652.00K | $1.01M | $23.79M | $4.08M | $8.14M | $1.69M | $1.31M | $756.00K | $775.00K | $701.00K |
| Other Income/Expense | - | $651.00K | $42.00K | $9.79M | $-5.78M | $14.55M | $1.65M | $-1.46M | $15.21M | $-1.25M | $-938.00K | $-870.00K | $-525.00K |
| Income Before Tax | $-6.08M | $-59.32M | $-77.83M | $-64.84M | $-49.18M | $-47.02M | $-340.00M | $-155.56M | $-284.11M | $-15.22M | $2.09M | $-9.41M | $-18.76M |
| Income Tax Expense | $3.81M | $924.00K | $1.53M | $1.72M | $859.00K | $902.00K | $-1.01M | $3.71M | $-2.72M | $-5.32M | $4.43M | $2.37M | $-2.97M |
| Net Income | $-9.89M | $-60.25M | $-79.36M | $-66.56M | $-50.04M | $-47.92M | $-339.00M | $-159.27M | $-281.39M | $-9.90M | $-2.33M | $-11.79M | $-15.79M |
| Net Margin % | -2.8% | -16.9% | -21.4% | -17.7% | -13.6% | -13.5% | -87.2% | -38.0% | -69.7% | -3.0% | -0.8% | -4.6% | -6.8% |
| Basic EPS | -5.45 | -15.53 | -19.88 | -0.89 | -0.78 | -0.67 | -5.33 | nan | -4.90 | -0.29 | -0.07 | -0.35 | -0.49 |
| Diluted EPS | -5.45 | -15.53 | -19.88 | -0.89 | -0.78 | -0.67 | -5.33 | nan | -4.90 | -0.29 | -0.07 | -0.35 | -0.49 |
| Basic Shares Outstanding | 5.3M | 5.0M | 4.8M | 92.7M | 80.8M | 71.2M | 63.6M | - | 57.5M | 33.7M | 34.4M | 33.2M | 32.3M |
| Diluted Shares Outstanding | 5.3M | 5.0M | 4.8M | 92.7M | 80.8M | 71.2M | 63.6M | - | 57.5M | 33.7M | 34.4M | 33.2M | 32.3M |
| Breakdown | FY 2024 (Dec 31, 2024) |
FY 2023 (Dec 31, 2023) |
FY 2022 (Dec 31, 2022) |
FY 2021 (Dec 31, 2021) |
FY 2020 (Dec 31, 2020) |
FY 2019 (Dec 31, 2019) |
FY 2018 (Dec 31, 2018) |
FY 2017 (Dec 31, 2017) |
FY 2014 (Dec 31, 2014) |
FY 2013 (Dec 31, 2013) |
FY 2012 (Dec 31, 2012) |
FY 2011 (Dec 31, 2011) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Cash Equivalents | $29.94M | $22.75M | $20.04M | $21.85M | $31.13M | $46.59M | $44.10M | $37.86M | $43.02M | $67.80M | $61.76M | $38.07M |
| Short-term Investments | - | - | - | - | - | - | - | - | - | - | - | - |
| Accounts Receivable | $64.27M | $63.83M | $68.46M | $72.06M | $69.38M | $71.85M | $75.61M | $82.03M | $98.19M | $90.04M | $68.35M | $64.43M |
| Other Current Assets | $10.32M | $11.23M | $15.92M | $14.77M | $16.91M | $15.36M | $19.97M | $15.17M | $11.02M | $10.16M | $8.88M | $10.38M |
| Total Current Assets | $108.06M | $97.99M | $104.82M | $109.11M | $137.03M | $153.98M | $145.78M | $179.55M | $178.88M | $178.80M | $148.93M | $126.51M |
| Property Plant & Equipment | - | - | - | - | - | - | $27.34M | $28.89M | $42.37M | $37.99M | $31.42M | $28.27M |
| Goodwill | $246.01M | $310.36M | $387.97M | $435.71M | $418.33M | $416.42M | $641.19M | $642.42M | $103.53M | $103.31M | $102.90M | $102.34M |
| Intangible Assets | $5.06M | $8.12M | $13.33M | $39.95M | $52.34M | $79.56M | $126.94M | $159.78M | $15.79M | $32.94M | $40.76M | $53.11M |
| Other Non-current Assets | $8.21M | $12.04M | $10.88M | $10.26M | $7.60M | $2.98M | $8.90M | $7.26M | $1.02M | $1.12M | $414.00K | $347.00K |
| Total Assets | $430.25M | $491.30M | $580.59M | $663.47M | $677.97M | $723.70M | $954.14M | $1.02B | $353.95M | $363.41M | $336.49M | $320.06M |
| Accounts Payable | $16.47M | $30.55M | $29.09M | $23.57M | $36.64M | $44.80M | $29.84M | $27.89M | $3.42M | $3.38M | $7.23M | $10.30M |
| Accrued Liabilities | $35.01M | $34.42M | $43.39M | $45.26M | $48.38M | $55.51M | $58.14M | $86.03M | $37.21M | $33.47M | $24.41M | $25.89M |
| Deferred Revenue | $45.46M | $48.91M | $52.94M | $54.01M | $58.53M | $58.16M | $64.19M | $98.37M | $92.01M | $86.61M | $80.82M | $68.73M |
| Other Current Liabilities | $7.23M | $4.68M | $12.65M | $12.85M | $5.75M | $3.82M | $2.28M | $3.00M | - | - | - | - |
| Total Current Liabilities | $131.30M | $182.56M | $165.09M | $165.37M | $184.28M | $190.24M | $168.94M | $250.49M | $151.61M | $134.97M | $121.31M | $112.39M |
| Long-term Debt | $40.72M | - | - | - | - | - | - | - | - | - | - | - |
| Deferred Tax Liabilities | $891.00K | $1.32M | $2.13M | $2.10M | $627.00K | $287.00K | $5.53M | $3.64M | - | - | - | - |
| Other Non-current Liabilities | $9.77M | $7.59M | $10.63M | $16.88M | $19.60M | $13.57M | $13.19M | $7.47M | $1.02M | $1.11M | $1.12M | $898.00K |
| Total Liabilities | $231.04M | $247.31M | $248.54M | $252.41M | $448.98M | $464.72M | $402.58M | $365.95M | $178.69M | $164.61M | $140.84M | $129.49M |
| Common Stock | $5.00K | $5.00K | $92.00K | $90.00K | $73.00K | $70.00K | $59.00K | $60.00K | $36.00K | $36.00K | $36.00K | $34.00K |
| Retained Earnings | $-1.47B | $-1.40B | $-1.30B | $-1.22B | $-1.16B | $-1.11B | $-769.10M | $-609.09M | $-93.08M | $-83.17M | $-80.84M | $-69.05M |
| Treasury Stock | - | - | $229.98M | $229.98M | $229.98M | $229.98M | $229.98M | $135.97M | $50.28M | $13.11M | - | - |
| Total Stockholders Equity | $-8.26M | $56.10M | $144.16M | $223.18M | $228.99M | $258.97M | $551.57M | $656.49M | $175.26M | $198.80M | $195.64M | $190.57M |
| Total Liabilities & Equity | $430.25M | $491.30M | $580.59M | $663.47M | $677.97M | $723.70M | $954.14M | $1.02B | $353.95M | $363.41M | $336.49M | $320.06M |
| Breakdown | TTM (Sep 30, 2025) |
FY 2024 (Dec 31, 2024) |
FY 2023 (Dec 31, 2023) |
FY 2022 (Dec 31, 2022) |
FY 2021 (Dec 31, 2021) |
FY 2020 (Dec 31, 2020) |
FY 2019 (Dec 31, 2019) |
FY 2018 (Dec 31, 2018) |
FY 2017 (Dec 31, 2017) |
FY 2014 (Dec 31, 2014) |
FY 2013 (Dec 31, 2013) |
FY 2012 (Dec 31, 2012) |
FY 2011 (Dec 31, 2011) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $-9.89M | $-60.25M | $-79.36M | $-66.56M | $-50.04M | $-47.92M | $-339.00M | $-159.27M | $-281.39M | $-9.90M | $-2.33M | $-11.79M | $-15.79M |
| Stock-based Compensation | $7.01M | $3.19M | $4.54M | $8.18M | $13.85M | $10.07M | $16.56M | $37.62M | $17.31M | $41.97M | $27.04M | $24.90M | $21.26M |
| Deferred Income Tax | $1.31M | $-841.00K | $-35.00K | $-475.00K | $-1.72M | $10.00K | $-3.73M | $2.02M | $-3.20M | $-13.06M | $2.38M | $896.00K | $-4.36M |
| Change in Receivables | $-29.25M | $1.65M | $-4.78M | $-2.60M | $2.08M | $-2.02M | $-2.74M | $-4.71M | $-14.53M | $16.70M | $22.56M | $4.94M | $10.18M |
| Operating Cash Flow | $28.51M | $18.10M | $28.93M | $34.94M | $9.86M | $717.00K | $-4.64M | $-72.58M | $-56.41M | $49.50M | $44.57M | $44.87M | $26.75M |
| Capital Expenditure | $1.79M | $813.00K | $1.58M | $1.14M | $803.00K | $477.00K | $2.74M | $4.21M | $10.18M | $7.65M | $4.60M | $7.59M | $7.24M |
| Acquisitions | - | - | - | - | - | - | - | - | - | $3.90M | - | - | $5.16M |
| Investing Cash Flow | $-39.74M | $-24.06M | $-23.79M | $-17.82M | $-14.65M | $-15.55M | $-10.46M | $-13.81M | $18.25M | $-11.54M | $-4.44M | $-7.59M | $-9.81M |
| Stock Issued | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Stock Repurchased | - | - | - | - | - | - | - | - | $1.51M | $15.71M | $9.31M | $7.36M | $7.39M |
| Financing Cash Flow | $15.63M | $17.62M | $-3.39M | $-18.13M | $-22.45M | $-2.10M | $31.97M | $93.12M | $-7.52M | $-59.10M | $-32.88M | $-14.29M | $-12.30M |
| Net Change in Cash | $6.79M | $10.53M | $2.49M | $-1.84M | $-28.46M | $-16.03M | $16.57M | $5.07M | $-43.22M | $-24.78M | $6.03M | $23.69M | $4.33M |
SEC Filing Format - Data shown as it appears in the Q3 2025 (10-Q) filing
Period ended: Sep 30, 2025
Condensed Consolidated Statements of Operations
| Description | Sep 30, 2025 | Sep 30, 2025 | ||
|---|---|---|---|---|
| Current | Prior Year | Current YTD | Prior Year YTD | |
| Total Revenue | $88.91M | - | $264.00M | - |
| Cost of Revenue | $52.78M | - | $157.63M | - |
| Operating Expenses | $87.20M | - | $266.05M | - |
| Research & Development | $7.18M | - | $23.11M | - |
| Operating Income | $1.71M | - | $-2.04M | - |
| Interest Expense | - | - | $3.94M | - |
| Other Income/Expense | - | - | - | - |
| Income Before Tax | $142.00K | - | $-12.46M | - |
| Income Tax Expense | $-311.00K | - | $570.00K | - |
| Net Income | $453.00K | $-1.71M | $-13.03M | - |
| Basic EPS | -0.86 | - | -5.24 | - |
| Diluted EPS | -0.86 | - | -5.24 | - |
| Basic Shares Outstanding | $5.25M | - | $5.14M | - |
| Diluted Shares Outstanding | $5.25M | - | $5.14M | - |
Condensed Consolidated Balance Sheets
| Description | Sep 30, 2025 | Dec 31, 2024 |
|---|---|---|
| Cash & Cash Equivalents | $26.70M | $29.94M |
| Accounts Receivable | $50.59M | $64.27M |
| Other Current Assets | $11.04M | $10.32M |
| Total Current Assets | $91.52M | $108.06M |
| Goodwill | $248.50M | $246.01M |
| Intangible Assets | $3.16M | $5.06M |
| Other Non-current Assets | $6.41M | $8.21M |
| Total Assets | $406.94M | $430.25M |
| Accounts Payable | $15.78M | $16.47M |
| Accrued Liabilities | $41.41M | $35.01M |
| Deferred Revenue | $39.88M | $45.46M |
| Other Current Liabilities | $5.82M | $7.23M |
| Total Current Liabilities | $141.60M | $131.30M |
| Long-term Debt | $39.64M | $40.72M |
| Deferred Tax Liabilities | $1.42M | $891.00K |
| Other Non-current Liabilities | $8.15M | $9.77M |
| Total Liabilities | $225.73M | $231.04M |
| Common Stock | $5.00K | $5.00K |
| Retained Earnings | $-1.50B | $-1.47B |
| Total Stockholders Equity | $-26.26M | $-8.26M |
| Total Liabilities & Equity | $406.94M | $430.25M |
Condensed Consolidated Statements of Cash Flows
| Description | Sep 30, 2025 | Sep 30, 2025 | ||
|---|---|---|---|---|
| Current | Prior Year | Current YTD | Prior Year YTD | |
| Net Income | $453.00K | $-1.71M | $-13.03M | - |
| Stock-based Compensation | - | - | $2.86M | - |
| Deferred Income Tax | - | - | $520.00K | - |
| Change in Receivables | - | - | $-13.99M | - |
| Operating Cash Flow | - | - | $19.49M | - |
| Capital Expenditure | - | - | $649.00K | - |
| Investing Cash Flow | - | - | $-17.41M | - |
| Financing Cash Flow | - | - | $-6.54M | - |
| Net Change in Cash | - | - | $-3.58M | - |
All values are in USD (United States Dollars). Data is sourced from SEC EDGAR 10-K filings.
Annual data represents full fiscal year results. FY = Fiscal Year ending.