| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $158M | $163M | $164M | -3.0% | -3.5% |
| Op. Income | $19M | $10M | $22M | 96.5% | -11.5% |
| Gross Margin | 53.8% | 54.2% | 56.3% | -0.4pp | -2.5pp |
| Net Margin | 8.0% | 3.4% | 7.9% | 4.6pp | 0.1pp |
| EPS (Diluted) | $0.67 | $0.30 | $0.63 | 123.3% | 6.3% |
| Free Cash Flow | -$16M | $18M | -$2M | -189.2% | -790.0% |
| Item | Amount |
|---|---|
| REVENUE | $158M |
| Cost of Revenue | $73M |
| GROSS PROFIT | $85M |
| R&D Expenses | $0 |
| Selling & Marketing | $31M |
| General & Administrative | $35M |
| SG&A Expenses | $66M |
| Other Expenses | $0 |
| Operating Expenses | $66M |
| Cost & Expenses | $139M |
| OPERATING INCOME | $19M |
| Interest Income | $0 |
| Interest Expense | $1M |
| Other Income/Expenses | -$1M |
| INCOME BEFORE TAX | $18M |
| Income Tax Expense | $5M |
| Net Income from Continuing Ops | $13M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $13M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $13M |
| D&A | $4M |
| EBIT | $19M |
| EBITDA | $23M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $158M |
| Cost of Revenue | $73M |
| GROSS PROFIT | $85M |
| R&D Expenses | $0 |
| Selling & Marketing | $31M |
| General & Administrative | $35M |
| SG&A Expenses | $66M |
| Other Expenses | $0 |
| Operating Expenses | $66M |
| Cost & Expenses | $139M |
| OPERATING INCOME | $19M |
| Interest Income | $0 |
| Interest Expense | $1M |
| Other Income/Expenses | -$1M |
| INCOME BEFORE TAX | $18M |
| Income Tax Expense | $5M |
| Net Income from Continuing Ops | $13M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $13M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $13M |
| D&A | $4M |
| EBIT | $19M |
| EBITDA | $23M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $13M |
| Depreciation & Amortization | $4M |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | $899.0K |
| Other Non-Cash Items | $195.0K |
| Change in Working Capital | -$32M |
| OPERATING CASH FLOW | -$12M |
| Capital Expenditure | -$4M |
| Acquisitions (Net) | $22M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$24M |
| NET CASH FROM INVESTING | -$6M |
| Net Debt Issuance | -$53.0K |
| Common Stock Repurchased | -$333.0K |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $559.0K |
| FREE CASH FLOW | -$16M |
| Net Change in Cash | -$17M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $176M |
| Short-Term Investments | $0 |
| Net Receivables | $66M |
| Inventory | $0 |
| Other Current Assets | $18M |
| TOTAL CURRENT ASSETS | $260M |
| PP&E (Net) | $128M |
| Goodwill | $60M |
| Intangible Assets | $28M |
| Long-Term Investments | $0 |
| Tax Assets | $61M |
| Other Non-Current Assets | $6M |
| TOTAL NON-CURRENT ASSETS | $284M |
| TOTAL ASSETS | $543M |
| Account Payables | $5M |
| Short-Term Debt | $11M |
| Deferred Revenue | $23M |
| Other Current Liabilities | $36M |
| TOTAL CURRENT LIABILITIES | $75M |
| Long-Term Debt | $95M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $22M |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $174M |
| TOTAL LIABILITIES | $249M |
| Common Stock | $181.0K |
| Additional Paid-In Capital | $311M |
| Retained Earnings | -$17M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$18.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $295M |
| Minority Interest | $0 |
| TOTAL EQUITY | $295M |
| TOTAL LIABILITIES & EQUITY | $543M |
| Total Debt | $163M |
| Net Debt | -$14M |
