| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $247M | — | $191M | — | 29.6% |
| Op. Income | $48M | — | -$4M | — | 1200.4% |
| Gross Margin | 96.2% | — | 57.9% | — | 38.3pp |
| Net Margin | 11.1% | — | -5.4% | — | 16.5pp |
| EPS (Diluted) | $1.17 | — | $-0.55 | — | 312.7% |
| Free Cash Flow | $7M | — | $13M | — | -51.4% |
| Item | Amount |
|---|---|
| REVENUE | $247M |
| Cost of Revenue | $10M |
| GROSS PROFIT | $238M |
| R&D Expenses | $12M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $83M |
| Other Expenses | $94M |
| Operating Expenses | $189M |
| Cost & Expenses | $199M |
| OPERATING INCOME | $48M |
| Interest Income | $5M |
| Interest Expense | $23M |
| Other Income/Expenses | -$17M |
| INCOME BEFORE TAX | $31M |
| Income Tax Expense | $4M |
| Net Income from Continuing Ops | $27M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $27M |
| Net Income Deductions | $2M |
| BOTTOM LINE NET INCOME | $26M |
| D&A | $23M |
| EBIT | $54M |
| EBITDA | $77M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $247M |
| Cost of Revenue | $10M |
| GROSS PROFIT | $238M |
| R&D Expenses | $12M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $83M |
| Other Expenses | $94M |
| Operating Expenses | $189M |
| Cost & Expenses | $199M |
| OPERATING INCOME | $48M |
| Interest Income | $5M |
| Interest Expense | $23M |
| Other Income/Expenses | -$17M |
| INCOME BEFORE TAX | $31M |
| Income Tax Expense | $4M |
| Net Income from Continuing Ops | $27M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $27M |
| Net Income Deductions | $2M |
| BOTTOM LINE NET INCOME | $26M |
| D&A | $23M |
| EBIT | $54M |
| EBITDA | $77M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $27M |
| Depreciation & Amortization | $23M |
| Stock-Based Compensation | $10M |
| Deferred Income Tax | $2M |
| Other Non-Cash Items | -$5M |
| Change in Working Capital | -$27M |
| OPERATING CASH FLOW | $30M |
| Capital Expenditure | -$24M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $8M |
| NET CASH FROM INVESTING | -$1M |
| Net Debt Issuance | -$4M |
| Common Stock Repurchased | -$611.0K |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$5M |
| FREE CASH FLOW | $7M |
| Net Change in Cash | $23M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $286M |
| Short-Term Investments | $0 |
| Net Receivables | $281M |
| Inventory | $143M |
| Other Current Assets | $43M |
| TOTAL CURRENT ASSETS | $753M |
| PP&E (Net) | $62M |
| Goodwill | $62M |
| Intangible Assets | $480M |
| Long-Term Investments | $0 |
| Tax Assets | $69M |
| Other Non-Current Assets | $14M |
| TOTAL NON-CURRENT ASSETS | $687M |
| TOTAL ASSETS | $1.4B |
| Account Payables | $63M |
| Short-Term Debt | $17M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $198M |
| TOTAL CURRENT LIABILITIES | $278M |
| Long-Term Debt | $308M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $314M |
| TOTAL NON-CURRENT LIABILITIES | $622M |
| TOTAL LIABILITIES | $900M |
| Common Stock | $3.0K |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$23M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $1M |
| Other Equity | $563M |
| TOTAL STOCKHOLDERS' EQUITY | $541M |
| Minority Interest | $0 |
| TOTAL EQUITY | $541M |
| TOTAL LIABILITIES & EQUITY | $1.4B |
| Total Debt | $325M |
| Net Debt | $40M |
