$342.35M
Revenue
$-19.34M
Net Income
78.75%
Gross Margin
-4.74%
Op. Margin
$16.07M
Free Cash Flow
| Breakdown | Q4 2025 (Dec 31, 2025) |
Q3 2025 (Sep 30, 2025) |
Q2 2025 (Jun 30, 2025) |
Q1 2025 (Mar 31, 2025) |
Q4 2024 (Dec 31, 2024) |
Q3 2024 (Sep 30, 2024) |
Q2 2024 (Jun 30, 2024) |
Q1 2024 (Mar 31, 2024) |
Q4 2023 (Dec 31, 2023) |
Q3 2023 (Sep 30, 2023) |
Q2 2023 (Jun 30, 2023) |
Q1 2023 (Mar 31, 2023) |
Q4 2022 (Dec 31, 2022) |
Q3 2022 (Sep 30, 2022) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | $89.52M | $86.03M | $84.43M | $82.37M | $87.03M | $83.71M | $81.83M | $80.36M | $84.15M | $78.05M | $75.44M | $71.76M | $72.43M | $72.39M |
| Revenue Growth % (YoY) | 2.9% | 2.8% | 3.2% | 2.5% | 3.4% | 7.3% | 8.5% | 12.0% | 16.2% | 7.8% | nan% | nan% | nan% | nan% |
| Cost of Revenue | $19.43M | $18.59M | $17.74M | $16.98M | $19.48M | $19.86M | $19.81M | $18.44M | $18.95M | $19.05M | $18.76M | $17.45M | $18.49M | $17.52M |
| Gross Profit | $70.08M | $67.43M | $66.69M | $65.39M | $67.55M | $63.85M | $62.02M | $61.92M | $65.20M | $58.99M | $56.69M | $54.31M | $53.94M | $54.87M |
| Gross Margin % | 78.3% | 78.4% | 79.0% | 79.4% | 77.6% | 76.3% | 75.8% | 77.1% | 77.5% | 75.6% | 75.1% | 75.7% | 74.5% | 75.8% |
| Operating Expenses | $76.67M | $67.87M | $73.48M | $67.80M | $68.30M | $83.06M | $75.51M | $70.15M | $70.89M | $81.19M | $77.58M | $77.97M | $88.63M | $85.43M |
| Research & Development | $18.04M | $17.46M | $18.31M | $19.21M | $19.76M | $20.84M | $20.29M | $19.99M | $19.51M | $21.70M | $21.40M | $20.84M | $22.67M | $22.25M |
| Operating Income | $-6.58M | $-435.00K | $-6.79M | $-2.41M | $-751.00K | $-19.22M | $-13.49M | $-8.23M | $-5.69M | $-22.20M | $-20.89M | $-23.66M | $-34.69M | $-30.56M |
| Operating Margin % | -7.4% | -0.5% | -8.0% | -2.9% | -0.9% | -23.0% | -16.5% | -10.2% | -6.8% | -28.4% | -27.7% | -33.0% | -47.9% | -42.2% |
| Interest Expense | $2.48M | $2.48M | $2.52M | $2.54M | $2.70M | $1.91M | $720.00K | $720.00K | $719.00K | $721.00K | $722.00K | $722.00K | $708.00K | $706.00K |
| Interest Income | $1.16M | $1.18M | $1.17M | $1.30M | $1.76M | $2.43M | $3.20M | $3.18M | $3.18M | $3.06M | $2.83M | $2.43M | $2.07M | $1.43M |
| Other Income/Expense | $-249.00K | $-302.00K | $-23.00K | $-107.00K | $-373.00K | $-142.00K | $-111.00K | $-332.00K | $-503.00K | $-301.00K | $-63.00K | $31.00K | $601.00K | $-376.00K |
| Income Before Tax | $-8.15M | $-2.03M | $-8.16M | $171.00K | $-2.07M | $-6.72M | $-11.12M | $-6.10M | $-3.73M | $-20.16M | $-18.86M | $-21.92M | $-32.73M | $-30.21M |
| Income Tax Expense | $209.00K | $212.00K | $221.00K | $524.00K | $324.00K | $269.00K | $132.00K | $290.00K | $-552.00K | $145.00K | $210.00K | $197.00K | $254.00K | $86.00K |
| Net Income | $-8.36M | $-2.24M | $-8.38M | $-353.00K | $-2.39M | $-6.99M | $-11.26M | $-6.39M | $-3.18M | $-20.31M | $-19.07M | $-22.12M | $-32.98M | $-30.30M |
| Net Margin % | -9.3% | -2.6% | -9.9% | -0.4% | -2.7% | -8.4% | -13.8% | -8.0% | -3.8% | -26.0% | -25.3% | -30.8% | -45.5% | -41.9% |
| Basic EPS | -0.10 | -0.03 | -0.10 | 0.00 | -0.03 | -0.09 | -0.15 | -0.08 | -0.04 | -0.27 | -0.25 | -0.30 | -0.45 | -0.41 |
| Diluted EPS | nan | nan | nan | nan | nan | nan | nan | nan | nan | nan | -0.25 | -0.30 | -0.45 | -0.41 |
| Basic Shares Outstanding | - | 80.8M | 80.1M | 78.8M | 281K | 77.9M | 77.5M | 76.6M | 365K | 75.4M | 74.8M | 74.1M | 199K | 73.5M |
| Diluted Shares Outstanding | - | - | - | - | - | - | - | - | - | - | 74.8M | 74.1M | 199K | 73.5M |
| Breakdown | Q4 2025 (Dec 31, 2025) |
Q3 2025 (Sep 30, 2025) |
Q2 2025 (Jun 30, 2025) |
Q1 2025 (Mar 31, 2025) |
Q4 2024 (Dec 31, 2024) |
Q3 2024 (Sep 30, 2024) |
Q2 2024 (Jun 30, 2024) |
Q1 2024 (Mar 31, 2024) |
Q4 2023 (Dec 31, 2023) |
Q3 2023 (Sep 30, 2023) |
Q2 2023 (Jun 30, 2023) |
Q1 2023 (Mar 31, 2023) |
Q4 2022 (Dec 31, 2022) |
Q3 2022 (Sep 30, 2022) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Cash Equivalents | $44.26M | $49.91M | $46.27M | $52.08M | $88.88M | $35.44M | $133.09M | $60.90M | $71.72M | $69.78M | $74.52M | $61.07M | $91.57M | $100.61M |
| Short-term Investments | $96.84M | $92.11M | $88.19M | $68.63M | $89.28M | $132.96M | $142.71M | $204.28M | $198.41M | $195.59M | $222.89M | $221.27M | $211.94M | $206.13M |
| Accounts Receivable | $49.97M | $48.23M | $51.77M | $44.16M | $48.12M | $43.38M | $45.05M | $39.30M | $37.71M | $51.80M | $52.15M | $59.01M | $51.90M | $48.06M |
| Other Current Assets | $15.35M | $17.72M | $14.72M | $18.57M | $14.64M | $21.03M | $24.69M | $29.25M | $24.73M | $15.67M | $13.46M | $14.05M | $11.21M | $13.82M |
| Total Current Assets | $214.36M | $215.95M | $209.66M | $192.68M | $251.22M | $243.46M | $355.78M | $343.54M | $341.99M | $341.53M | $371.12M | $362.95M | $374.25M | $375.51M |
| Property Plant & Equipment | $13.98M | $11.20M | $8.98M | $8.13M | $9.13M | $9.37M | $9.97M | $9.99M | $10.23M | $10.54M | $10.36M | $10.25M | $9.08M | $9.07M |
| Goodwill | $51.93M | $51.93M | $51.93M | $51.93M | $51.93M | $51.93M | $51.93M | $52.09M | $52.09M | $49.75M | $49.75M | $49.75M | $49.75M | $49.75M |
| Intangible Assets | $11.29M | $13.01M | $14.91M | $17.43M | $17.32M | $19.70M | $22.13M | $24.58M | $27.05M | $21.48M | $23.52M | $25.55M | $27.58M | $29.40M |
| Total Assets | $308.79M | $309.46M | $302.53M | $286.29M | $340.29M | $335.15M | $452.50M | $442.47M | $444.06M | $435.98M | $467.50M | $461.51M | $474.06M | $481.37M |
| Accounts Payable | $9.87M | $9.53M | $8.78M | $7.82M | $7.02M | $8.15M | $6.69M | $7.06M | $7.98M | $6.26M | $6.49M | $7.51M | $7.01M | $7.22M |
| Short-term Debt | - | - | - | - | - | - | $417.00K | $553.00K | $547.00K | $403.00K | $399.00K | - | - | - |
| Accrued Liabilities | $4.79M | $4.49M | $3.46M | $2.76M | $3.19M | $2.77M | $3.60M | $3.21M | $2.65M | $3.09M | $3.67M | $4.24M | $2.94M | $2.80M |
| Deferred Revenue | $59.58M | $59.18M | $55.74M | $48.66M | $46.59M | $46.35M | $42.42M | $34.81M | $32.24M | $31.27M | $28.25M | $20.79M | $17.78M | $15.63M |
| Other Current Liabilities | $28.34M | $26.26M | $28.54M | $21.01M | $28.77M | $26.43M | $23.29M | $19.83M | $24.79M | $23.49M | $50.14M | $42.32M | $48.44M | $38.00M |
| Total Current Liabilities | $108.19M | $100.99M | $98.28M | $82.25M | $88.01M | $86.59M | $78.83M | $67.94M | $70.75M | $67.05M | $91.50M | $77.36M | $78.79M | $66.32M |
| Long-term Debt | $157.05M | - | - | - | $216.47M | - | $340.47M | $339.97M | $339.61M | $339.39M | $339.04M | $337.99M | $337.50M | $337.00M |
| Other Non-current Liabilities | $1.35M | $1.29M | $1.23M | $1.18M | $768.00K | $751.00K | $703.00K | $625.00K | $551.00K | $756.00K | $639.00K | $478.00K | $334.00K | $619.00K |
| Total Liabilities | $269.44M | $266.63M | $263.77M | $248.21M | $306.92M | $306.16M | $426.39M | $415.55M | $418.52M | $416.10M | $440.58M | $427.07M | $428.38M | $416.28M |
| Common Stock | $7.00K | $7.00K | $7.00K | $7.00K | $7.00K | $7.00K | $7.00K | $7.00K | $7.00K | $7.00K | $7.00K | $7.00K | $7.00K | $7.00K |
| Retained Earnings | $-641.03M | $-632.67M | $-630.42M | $-622.04M | $-621.69M | $-619.30M | $-612.30M | $-601.05M | $-594.66M | $-591.48M | $-571.17M | $-552.11M | $-529.99M | $-497.01M |
| Total Stockholders Equity | $39.35M | $42.84M | $38.77M | $38.08M | $33.37M | $28.99M | $26.11M | $26.92M | $25.53M | $19.88M | $26.92M | $34.44M | $45.67M | $65.09M |
| Total Liabilities & Equity | $308.79M | $309.46M | $302.53M | $286.29M | $340.29M | $335.15M | $452.50M | $442.47M | $444.06M | $435.98M | $467.50M | $461.51M | $474.06M | $481.37M |
| Breakdown | Q4 2025 (Dec 31, 2025) |
Q3 2025 (Sep 30, 2025) |
Q2 2025 (Jun 30, 2025) |
Q1 2025 (Mar 31, 2025) |
Q4 2024 (Dec 31, 2024) |
Q3 2024 (Sep 30, 2024) |
Q2 2024 (Jun 30, 2024) |
Q1 2024 (Mar 31, 2024) |
Q4 2023 (Dec 31, 2023) |
Q3 2023 (Sep 30, 2023) |
Q2 2023 (Jun 30, 2023) |
Q1 2023 (Mar 31, 2023) |
Q4 2022 (Dec 31, 2022) |
Q3 2022 (Sep 30, 2022) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $-8.36M | $-2.24M | $-8.73M | $-353.00K | $-2.39M | $-6.99M | $-17.65M | $-6.39M | $-3.18M | $-20.31M | $-41.19M | $-22.12M | $-32.98M | $-30.30M |
| Depreciation & Amortization | $-6.85M | $2.73M | $3.85M | $4.28M | $-6.48M | $10.48M | $3.51M | $3.49M | $-4.88M | $3.14M | $5.84M | $2.90M | $2.79M | $8.63M |
| Stock-based Compensation | $4.81M | $6.33M | $7.24M | $5.21M | $6.82M | $28.56M | $18.40M | $8.39M | $7.63M | $33.55M | $21.78M | $10.49M | $12.15M | $30.19M |
| Change in Receivables | $3.30M | $-3.74M | $5.99M | $-3.02M | $5.27M | $-445.00K | $6.79M | $2.59M | $2.52M | $1.36M | $1.76M | $8.19M | $5.07M | $15.27M |
| Change in Payables | $107.00K | $1.01M | $444.00K | $678.00K | $-672.00K | $1.02M | $-356.00K | $-889.00K | $1.71M | $-748.00K | $-528.00K | $495.00K | $-204.00K | $-994.00K |
| Operating Cash Flow | $980.00K | $10.55M | $13.56M | $401.00K | $12.36M | $13.89M | $8.32M | $-3.42M | $13.28M | $-31.43M | $-6.09M | $-20.84M | $-2.69M | $-86.66M |
| Capital Expenditure | $3.15M | $2.97M | $2.48M | $825.00K | $787.00K | - | - | - | - | - | - | - | - | - |
| Purchases of Investments | $8.00M | $44.33M | $40.52M | $7.95M | $-5.76M | $85.96M | $36.60M | $35.56M | $39.21M | $189.07M | $133.39M | $48.04M | $44.30M | $169.89M |
| Investing Cash Flow | $-5.95M | $-6.80M | $-21.22M | $17.36M | $42.65M | $62.64M | $60.32M | $-6.93M | $-11.18M | $14.00M | $-12.40M | $-9.68M | $-6.39M | $-110.14M |
| Debt Repayment | - | - | - | $54.53M | $139.00K | $108.98M | $137.00K | $134.00K | $263.00K | $131.00K | - | - | - | - |
| Financing Cash Flow | $61.00K | $-110.00K | $1.85M | $-54.87M | $-1.61M | $-112.43M | $134.00K | $-485.00K | $-139.00K | $1.38M | $1.10M | $-330.00K | $145.00K | $64.00K |
| Net Change in Cash | $-4.91M | $3.65M | $-5.82M | $-37.11M | $53.40M | $-97.25M | $72.20M | $-10.83M | $1.96M | $-22.14M | $-17.40M | $-30.84M | $-8.94M | $-196.74M |
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 | $86.03M | - | $252.83M | - |
| Cost of Revenue | $18.59M | - | $53.32M | - |
| Gross Profit | $67.43M | - | $199.51M | - |
| Operating Expenses | $67.87M | - | $209.15M | - |
| Research & Development | $17.46M | - | $54.98M | - |
| Operating Income | $-435.00K | - | $-9.63M | - |
| Interest Expense | $2.48M | - | $7.54M | - |
| Interest Income | $1.18M | - | $3.65M | - |
| Other Income/Expense | $-302.00K | - | $-432.00K | - |
| Income Before Tax | $-2.03M | - | $-10.02M | - |
| Income Tax Expense | $212.00K | - | $957.00K | - |
| Net Income | $-2.24M | $-11.26M | $-10.98M | - |
| Basic EPS | -0.03 | - | -0.14 | - |
| Basic Shares Outstanding | $80.76M | - | $79.91M | - |
Condensed Consolidated Balance Sheets
| Description | Sep 30, 2025 | Dec 31, 2024 |
|---|---|---|
| Cash & Cash Equivalents | $49.91M | $88.88M |
| Short-term Investments | $92.11M | $89.28M |
| Accounts Receivable | $48.23M | $48.12M |
| Other Current Assets | $17.72M | $14.64M |
| Total Current Assets | $215.95M | $251.22M |
| Property Plant & Equipment | $11.20M | $9.13M |
| Goodwill | $51.93M | $51.93M |
| Intangible Assets | $13.01M | $17.32M |
| Total Assets | $309.46M | $340.29M |
| Accounts Payable | $9.53M | $7.02M |
| Accrued Liabilities | $4.49M | $3.19M |
| Deferred Revenue | $59.18M | $46.59M |
| Other Current Liabilities | $26.26M | $28.77M |
| Total Current Liabilities | $100.99M | $88.01M |
| Other Non-current Liabilities | $1.29M | $768.00K |
| Total Liabilities | $266.63M | $306.92M |
| Common Stock | $7.00K | $7.00K |
| Retained Earnings | $-632.67M | $-621.69M |
| Total Stockholders Equity | $42.84M | $33.37M |
| Total Liabilities & Equity | $309.46M | $340.29M |
Condensed Consolidated Statements of Cash Flows
| Description | Sep 30, 2025 | Sep 30, 2025 | ||
|---|---|---|---|---|
| Current | Prior Year | Current YTD | Prior Year YTD | |
| Net Income | $-2.24M | $-11.26M | $-10.98M | - |
| Depreciation & Amortization | $2.73M | - | $10.85M | - |
| Stock-based Compensation | $6.33M | - | $18.77M | - |
| Change in Receivables | $-3.74M | - | $2.25M | - |
| Change in Payables | $1.01M | - | $2.13M | - |
| Operating Cash Flow | $10.55M | - | $24.51M | - |
| Capital Expenditure | $2.97M | - | $5.44M | - |
| Purchases of Investments | $44.33M | - | $84.85M | - |
| Investing Cash Flow | $-6.80M | - | $-10.65M | - |
| Debt Repayment | - | - | $54.53M | - |
| Financing Cash Flow | $-110.00K | - | $-53.14M | - |
| Net Change in Cash | $3.65M | - | $-39.28M | - |
All values are in USD (United States Dollars). Data is sourced from SEC EDGAR 10-Q filings.
Quarterly data represents single quarter results (Q1-Q4). Some items may show year-to-date values if quarterly breakdown is unavailable.