$974.60M
Revenue
$-33.51M
Net Income
77.93%
Gross Margin
-0.52%
Op. Margin
$450.57M
Free Cash Flow
| Breakdown | 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 | $252.44M | $247.29M | $239.14M | $235.73M | $227.09M | $221.24M | $215.96M | $213.31M | $201.53M | $195.04M | $188.84M | $184.63M | $174.85M |
| Revenue Growth % (YoY) | 11.2% | 11.8% | 10.7% | 10.5% | 12.7% | 13.4% | 14.4% | 15.5% | 15.3% | nan% | nan% | nan% | nan% |
| Cost of Revenue | $56.75M | $54.43M | $52.46M | $51.44M | $50.50M | $48.80M | $48.93M | $48.80M | $45.75M | $43.51M | $45.51M | $45.24M | $38.58M |
| Gross Profit | $195.69M | $192.86M | $186.68M | $184.29M | $176.59M | $172.44M | $167.03M | $164.50M | $155.78M | $151.52M | $143.33M | $139.39M | $136.27M |
| Gross Margin % | 77.5% | 78.0% | 78.1% | 78.2% | 77.8% | 77.9% | 77.3% | 77.1% | 77.3% | 77.7% | 75.9% | 75.5% | 77.9% |
| Operating Expenses | $188.55M | $200.31M | $204.39M | $171.32M | $178.67M | $181.26M | $175.96M | $178.85M | $163.69M | $162.27M | $162.49M | $153.48M | $149.23M |
| Research & Development | $56.27M | $59.24M | $53.22M | $44.73M | $48.02M | $45.15M | $43.73M | $40.08M | $37.05M | $37.84M | $38.18M | $36.91M | $36.13M |
| Operating Income | $7.14M | $-7.45M | $-17.71M | $12.97M | $-2.08M | $-8.82M | $-8.93M | $-14.35M | $-7.91M | $-10.74M | $-19.16M | $-14.09M | $-12.96M |
| Operating Margin % | 2.8% | -3.0% | -7.4% | 5.5% | -0.9% | -4.0% | -4.1% | -6.7% | -3.9% | -5.5% | -10.1% | -7.6% | -7.4% |
| Interest Expense | $20.29M | $13.43M | $6.57M | $7.47M | $23.50M | $15.45M | $8.11M | $8.13M | $8.12M | $7.75M | $7.34M | $6.75M | $5.08M |
| Other Income/Expense | $-703.00K | $25.00K | $474.00K | $-2.58M | $359.00K | $93.00K | $-1.31M | $-609.00K | $-6.50M | $-944.00K | $-547.00K | $123.00K | $-2.07M |
| Income Tax Expense | $550.00K | $4.22M | $3.61M | $6.68M | $5.33M | $3.75M | $1.66M | $3.94M | $693.00K | $3.10M | $3.15M | $4.30M | $420.00K |
| Net Income | $2.26M | $-14.71M | $-22.93M | $1.87M | $-9.21M | $-14.57M | $-14.39M | $-21.65M | $-15.56M | $-15.97M | $-25.10M | $-21.49M | $-18.73M |
| Net Margin % | 0.9% | -5.9% | -9.6% | 0.8% | -4.1% | -6.6% | -6.7% | -10.1% | -7.7% | -8.2% | -13.3% | -11.6% | -10.7% |
| Basic EPS | 0.02 | -0.12 | -0.19 | 0.01 | -0.08 | -0.12 | -0.12 | -0.19 | -0.13 | -0.14 | -0.22 | -0.19 | -0.17 |
| Diluted EPS | 0.02 | -0.12 | -0.19 | 0.01 | -0.08 | -0.12 | -0.12 | -0.19 | -0.13 | -0.14 | -0.22 | -0.19 | -0.17 |
| Basic Shares Outstanding | 120.5M | 121.0M | 120.1M | 323K | 119.2M | 118.7M | 117.5M | 441K | 116.0M | 115.1M | 113.8M | 478K | 111.9M |
| Diluted Shares Outstanding | 122.0M | 121.0M | 120.1M | 323K | 119.2M | 118.7M | 117.5M | 441K | 116.0M | 115.1M | 113.8M | 478K | 111.9M |
| Breakdown | 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 | $171.85M | $175.03M | $233.44M | $328.65M | $312.21M | $233.47M | $259.98M | $237.13M | $445.32M | $376.06M | $360.43M | $300.87M | $288.18M |
| Short-term Investments | $211.72M | $211.49M | $226.84M | $248.55M | $236.24M | $253.54M | $250.79M | $236.84M | $247.66M | $269.49M | $256.25M | $266.57M | $259.83M |
| Accounts Receivable | $200.99M | $181.11M | $167.79M | $258.73M | $192.65M | $179.61M | $156.80M | $220.06M | $179.43M | $154.44M | $123.86M | $187.34M | $147.94M |
| Other Current Assets | $44.19M | $54.08M | $67.11M | $53.03M | $52.58M | $58.89M | $66.01M | $61.88M | $52.53M | $54.70M | $66.47M | $58.12M | $48.58M |
| Total Current Assets | $679.33M | $672.49M | $746.42M | $940.75M | $843.53M | $774.89M | $782.76M | $805.47M | $971.07M | $899.72M | $851.05M | $857.17M | $785.82M |
| Goodwill | $697.89M | $697.77M | $656.48M | $541.29M | $541.29M | $541.29M | $518.54M | $518.54M | $316.52M | $316.52M | $316.52M | $316.52M | $316.79M |
| Intangible Assets | $122.08M | $128.86M | $128.60M | $94.46M | $99.47M | $104.49M | $102.35M | $107.02M | $66.17M | $69.22M | $72.30M | $75.38M | $78.46M |
| Other Non-current Assets | $12.85M | $13.72M | $14.20M | $13.30M | $13.81M | $14.78M | $15.66M | $23.18M | $25.21M | $33.94M | $36.60M | $38.01M | $23.33M |
| Total Assets | $1.65B | $1.66B | $1.69B | $1.74B | $1.63B | $1.58B | $1.57B | $1.61B | $1.52B | $1.47B | $1.42B | $1.44B | $1.35B |
| Deferred Revenue | $639.61M | $624.55M | $633.22M | $650.37M | $583.94M | $562.59M | $562.58M | $580.78M | $518.37M | $495.20M | $490.08M | $502.12M | $447.86M |
| Other Current Liabilities | $3.85M | $7.18M | $6.35M | $5.15M | $6.21M | $5.83M | $5.07M | $5.66M | $4.99M | $6.18M | $5.26M | $4.88M | $4.11M |
| Total Current Liabilities | $720.31M | $713.27M | $714.99M | $738.09M | $657.12M | $638.24M | $634.84M | $675.84M | $600.74M | $577.07M | $559.95M | $584.16M | $520.94M |
| Other Non-current Liabilities | $10.17M | $9.85M | $9.59M | $8.33M | $8.20M | $8.05M | $8.16M | $7.63M | $7.62M | $7.60M | $7.28M | $7.44M | $6.66M |
| Total Liabilities | $1.31B | $1.31B | $1.31B | $1.34B | $1.23B | $1.21B | $1.21B | $1.26B | $1.18B | $1.15B | $1.13B | $1.17B | $1.09B |
| Common Stock | $1.28M | $1.27M | $1.25M | $1.22M | $1.21M | $1.21M | $1.20M | $1.18M | $1.17M | $1.16M | $1.15M | $1.13M | $1.12M |
| Retained Earnings | $-896.72M | $-898.98M | $-884.27M | $-861.34M | $-863.20M | $-853.99M | $-839.42M | $-825.03M | $-803.39M | $-787.82M | $-771.85M | $-746.75M | $-725.26M |
| Total Stockholders Equity | $344.38M | $350.70M | $383.16M | $399.95M | $404.56M | $363.56M | $358.95M | $346.34M | $343.67M | $314.56M | $291.68M | $270.87M | $259.86M |
| Total Liabilities & Equity | $1.65B | $1.66B | $1.69B | $1.74B | $1.63B | $1.58B | $1.57B | $1.61B | $1.52B | $1.47B | $1.42B | $1.44B | $1.35B |
| Breakdown | 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 | $2.26M | $-37.64M | $-22.93M | $1.87M | $-9.21M | $-28.96M | $-14.39M | $-21.65M | $-15.56M | $-15.97M | $-25.10M | $-21.49M | $-18.73M |
| Depreciation & Amortization | $31.82M | $20.68M | $9.85M | $8.78M | $24.43M | $15.86M | $8.23M | $8.21M | $18.90M | $12.62M | $6.37M | $6.28M | $15.91M |
| Stock-based Compensation | $147.31M | $102.43M | $55.90M | $40.71M | $122.80M | $81.12M | $39.72M | $36.52M | $108.81M | $71.98M | $34.12M | $30.68M | $89.95M |
| Change in Receivables | $-59.73M | $-79.77M | $-92.97M | $65.64M | $-26.91M | $-40.46M | $-63.44M | $39.13M | $-9.08M | $-34.00M | $-64.44M | $40.53M | $10.73M |
| Operating Cash Flow | $183.72M | $129.87M | $87.41M | $81.12M | $136.36M | $81.75M | $50.33M | $38.51M | $111.35M | $68.94M | $38.75M | $31.92M | $99.23M |
| Capital Expenditure | $11.77M | $10.90M | $6.55M | $2.32M | $1.92M | $1.19M | $665.00K | $405.00K | $1.30M | $1.10M | $387.00K | $-4.55M | $13.91M |
| Acquisitions | $196.18M | $196.18M | $148.51M | - | $29.16M | $29.16M | - | $243.30M | - | - | - | $-226.00K | $66.99M |
| Purchases of Investments | - | - | - | - | - | - | - | - | $217.24M | $147.43M | $48.75M | - | $190.44M |
| Investing Cash Flow | $-170.29M | $-168.77M | $-132.12M | $-14.33M | $-27.10M | $-44.48M | $-11.58M | $-232.23M | $19.62M | $-2.58M | $11.14M | $-20.04M | $-108.00M |
| Debt Repayment | $2.81M | $1.88M | $938.00K | $937.00K | $2.81M | $1.88M | $938.00K | $937.00K | $2.81M | $1.88M | $938.00K | $937.00K | $2.81M |
| Stock Repurchased | $184.97M | $125.00M | $60.00M | $49.99M | $49.99M | $49.99M | $24.99M | $14.93M | - | - | - | - | - |
| Financing Cash Flow | $-171.21M | $-116.30M | $-50.89M | $-47.66M | $-31.74M | $-37.85M | $-14.17M | $-14.79M | $16.04M | $9.87M | $9.79M | $123.00K | $23.20M |
| Net Change in Cash | $-156.79M | $-153.62M | $-95.21M | $16.44M | $75.08M | $-3.67M | $22.84M | $-208.18M | $144.45M | $75.19M | $59.57M | $12.45M | $10.15M |
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 | $252.44M | $227.09M | $738.87M | $664.29M |
| Cost of Revenue | $56.75M | $50.50M | $163.65M | $148.23M |
| Gross Profit | $195.69M | $176.59M | $575.23M | $516.06M |
| Operating Expenses | $188.55M | $178.67M | $593.25M | $535.89M |
| Research & Development | $56.27M | $48.02M | $168.72M | $136.90M |
| Operating Income | $7.14M | $-2.08M | $-18.02M | $-19.83M |
| Interest Expense | $7.21M | $8.15M | $20.29M | $23.50M |
| Other Income/Expense | $-703.00K | $359.00K | $-204.00K | $-858.00K |
| Income Tax Expense | $550.00K | $5.33M | $8.39M | $10.73M |
| Net Income | $2.26M | $-9.21M | $-35.38M | $-38.17M |
| Basic EPS | 0.02 | -0.08 | -0.29 | -0.32 |
| Diluted EPS | 0.02 | -0.08 | -0.29 | -0.32 |
| Basic Shares Outstanding | $120.48M | $119.17M | $120.52M | $118.47M |
| Diluted Shares Outstanding | $121.95M | $119.17M | $120.52M | $118.47M |
Condensed Consolidated Balance Sheets
| Description | Sep 30, 2025 | Dec 31, 2024 |
|---|---|---|
| Cash & Cash Equivalents | $171.85M | $328.65M |
| Short-term Investments | $211.72M | $248.55M |
| Accounts Receivable | $200.99M | $258.73M |
| Other Current Assets | $44.19M | $53.03M |
| Total Current Assets | $679.33M | $940.75M |
| Goodwill | $697.89M | $541.29M |
| Intangible Assets | $122.08M | $94.46M |
| Other Non-current Assets | $12.85M | $13.30M |
| Total Assets | $1.65B | $1.74B |
| Deferred Revenue | $639.61M | $650.37M |
| Other Current Liabilities | $3.85M | $5.15M |
| Total Current Liabilities | $720.31M | $738.09M |
| Other Non-current Liabilities | $10.17M | $8.33M |
| Total Liabilities | $1.31B | $1.34B |
| Common Stock | $1.28M | $1.22M |
| Retained Earnings | $-896.72M | $-861.34M |
| Total Stockholders Equity | $344.38M | $399.95M |
| Total Liabilities & Equity | $1.65B | $1.74B |
Condensed Consolidated Statements of Cash Flows
| Description | Sep 30, 2025 | Sep 30, 2025 | ||
|---|---|---|---|---|
| Current | Prior Year | Current YTD | Prior Year YTD | |
| Net Income | $2.26M | $-9.21M | $-35.38M | $-38.17M |
| Depreciation & Amortization | - | - | $31.82M | $24.43M |
| Stock-based Compensation | - | - | $147.31M | $122.80M |
| Change in Receivables | - | - | $-59.73M | $-26.91M |
| Operating Cash Flow | - | - | $183.72M | $136.36M |
| Capital Expenditure | - | - | $11.77M | $1.92M |
| Acquisitions | - | - | $196.18M | $29.16M |
| Investing Cash Flow | - | - | $-170.29M | $-27.10M |
| Debt Repayment | - | - | $2.81M | $2.81M |
| Stock Repurchased | - | - | $184.97M | $49.99M |
| Financing Cash Flow | - | - | $-171.21M | $-31.74M |
| Net Change in Cash | - | - | $-156.79M | $75.08M |
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.