$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) |
|---|---|---|---|---|---|---|---|
| Total Revenue | $89.52M | $86.03M | $84.43M | $82.37M | $87.03M | $83.71M | $81.83M |
| Revenue Growth % (YoY) | 2.9% | 2.8% | 3.2% | nan% | nan% | nan% | nan% |
| Cost of Revenue | $19.43M | $18.59M | $17.74M | $16.98M | $19.48M | $19.86M | $19.81M |
| Gross Profit | $70.08M | $67.43M | $66.69M | $65.39M | $67.55M | $63.85M | $62.02M |
| Gross Margin % | 78.3% | 78.4% | 79.0% | 79.4% | 77.6% | 76.3% | 75.8% |
| Operating Expenses | $76.67M | $67.87M | $73.48M | $67.80M | $68.30M | $83.06M | $75.51M |
| Research & Development | $18.04M | $17.46M | $18.31M | $19.21M | $19.76M | $20.84M | $20.29M |
| Operating Income | $-6.58M | $-435.00K | $-6.79M | $-2.41M | $-751.00K | $-19.22M | $-13.49M |
| Operating Margin % | -7.4% | -0.5% | -8.0% | -2.9% | -0.9% | -23.0% | -16.5% |
| Interest Expense | $2.48M | $2.48M | $2.52M | $2.54M | $2.70M | $1.91M | $720.00K |
| Interest Income | $1.16M | $1.18M | $1.17M | $1.30M | $1.76M | $2.43M | $3.20M |
| Other Income/Expense | $-249.00K | $-302.00K | $-23.00K | $-107.00K | $-373.00K | $-142.00K | $-111.00K |
| Income Before Tax | $-8.15M | $-2.03M | $-8.16M | $171.00K | $-2.07M | $-6.72M | $-11.12M |
| Income Tax Expense | $209.00K | $212.00K | $221.00K | $524.00K | $324.00K | $269.00K | $132.00K |
| Net Income | $-8.36M | $-2.24M | $-8.38M | $-353.00K | $-2.39M | $-6.99M | $-11.26M |
| Net Margin % | -9.3% | -2.6% | -9.9% | -0.4% | -2.7% | -8.4% | -13.8% |
| Basic EPS | -0.10 | -0.03 | -0.10 | 0.00 | -0.03 | -0.09 | -0.15 |
| Basic Shares Outstanding | - | 80.8M | 80.1M | 78.8M | 281K | 77.9M | 77.5M |
| 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) |
|---|---|---|---|---|---|---|---|
| Cash & Cash Equivalents | $44.26M | $49.91M | $46.27M | $52.08M | $88.88M | $35.44M | $133.09M |
| Short-term Investments | $96.84M | $92.11M | $88.19M | $68.63M | $89.28M | $132.96M | $142.71M |
| Accounts Receivable | $49.97M | $48.23M | $51.77M | $44.16M | $48.12M | $43.38M | $45.05M |
| Other Current Assets | $15.35M | $17.72M | $14.72M | $18.57M | $14.64M | $21.03M | $24.69M |
| Total Current Assets | $214.36M | $215.95M | $209.66M | $192.68M | $251.22M | $243.46M | $355.78M |
| Property Plant & Equipment | $13.98M | $11.20M | $8.98M | $8.13M | $9.13M | $9.37M | $9.97M |
| Goodwill | $51.93M | $51.93M | $51.93M | $51.93M | $51.93M | $51.93M | $51.93M |
| Intangible Assets | $11.29M | $13.01M | $14.91M | $17.43M | $17.32M | $19.70M | $22.13M |
| Total Assets | $308.79M | $309.46M | $302.53M | $286.29M | $340.29M | $335.15M | $452.50M |
| Accounts Payable | $9.87M | $9.53M | $8.78M | $7.82M | $7.02M | $8.15M | $6.69M |
| Short-term Debt | - | - | - | - | - | - | $417.00K |
| Accrued Liabilities | $4.79M | $4.49M | $3.46M | $2.76M | $3.19M | $2.77M | $3.60M |
| Deferred Revenue | $59.58M | $59.18M | $55.74M | $48.66M | $46.59M | $46.35M | $42.42M |
| Other Current Liabilities | $28.34M | $26.26M | $28.54M | $21.01M | $28.77M | $26.43M | $23.29M |
| Total Current Liabilities | $108.19M | $100.99M | $98.28M | $82.25M | $88.01M | $86.59M | $78.83M |
| Long-term Debt | $157.05M | - | - | - | $216.47M | - | $340.47M |
| Other Non-current Liabilities | $1.35M | $1.29M | $1.23M | $1.18M | $768.00K | $751.00K | $703.00K |
| Total Liabilities | $269.44M | $266.63M | $263.77M | $248.21M | $306.92M | $306.16M | $426.39M |
| Common Stock | $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 |
| Total Stockholders Equity | $39.35M | $42.84M | $38.77M | $38.08M | $33.37M | $28.99M | $26.11M |
| Total Liabilities & Equity | $308.79M | $309.46M | $302.53M | $286.29M | $340.29M | $335.15M | $452.50M |
| 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) |
|---|---|---|---|---|---|---|---|
| Net Income | $-8.36M | $-2.24M | $-8.73M | $-353.00K | $-2.39M | $-6.99M | $-17.65M |
| Depreciation & Amortization | $-6.85M | $2.73M | $3.85M | $4.28M | $-6.48M | $10.48M | $3.51M |
| Stock-based Compensation | $4.81M | $6.33M | $7.24M | $5.21M | $6.82M | $28.56M | $18.40M |
| Change in Receivables | $3.30M | $-3.74M | $5.99M | $-3.02M | $5.27M | $-445.00K | $6.79M |
| Change in Payables | $107.00K | $1.01M | $444.00K | $678.00K | $-672.00K | $1.02M | $-356.00K |
| Operating Cash Flow | $980.00K | $10.55M | $13.56M | $401.00K | $12.36M | $13.89M | $8.32M |
| 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 |
| Investing Cash Flow | $-5.95M | $-6.80M | $-21.22M | $17.36M | $42.65M | $62.64M | $60.32M |
| Debt Repayment | - | - | - | $54.53M | $139.00K | $108.98M | $137.00K |
| Financing Cash Flow | $61.00K | $-110.00K | $1.85M | $-54.87M | $-1.61M | $-112.43M | $134.00K |
| Net Change in Cash | $-4.91M | $3.65M | $-5.82M | $-37.11M | $53.40M | $-97.25M | $72.20M |
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.