| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $248M | $249M | $204M | -0.5% | 21.9% |
| Op. Income | $44M | $35M | $23M | 24.3% | 89.8% |
| Gross Margin | 61.5% | 63.3% | 60.0% | -1.9pp | 1.5pp |
| Net Margin | 16.1% | 13.5% | 50.4% | 2.6pp | -34.4pp |
| EPS (Diluted) | $1.10 | $0.93 | $2.79 | 18.3% | -60.6% |
| Free Cash Flow | $64M | $84M | $36M | -24.0% | 75.1% |
| Item | Amount |
|---|---|
| REVENUE | $248M |
| Cost of Revenue | $96M |
| GROSS PROFIT | $153M |
| R&D Expenses | $46M |
| Selling & Marketing | $40M |
| General & Administrative | $23M |
| SG&A Expenses | $63M |
| Other Expenses | $0 |
| Operating Expenses | $109M |
| Cost & Expenses | $205M |
| OPERATING INCOME | $44M |
| Interest Income | $2M |
| Interest Expense | $0 |
| Other Income/Expenses | $2M |
| INCOME BEFORE TAX | $46M |
| Income Tax Expense | $6M |
| Net Income from Continuing Ops | $40M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $40M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $40M |
| D&A | $5M |
| EBIT | $46M |
| EBITDA | $51M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $248M |
| Cost of Revenue | $96M |
| GROSS PROFIT | $153M |
| R&D Expenses | $46M |
| Selling & Marketing | $40M |
| General & Administrative | $23M |
| SG&A Expenses | $63M |
| Other Expenses | $0 |
| Operating Expenses | $109M |
| Cost & Expenses | $205M |
| OPERATING INCOME | $44M |
| Interest Income | $2M |
| Interest Expense | $0 |
| Other Income/Expenses | $2M |
| INCOME BEFORE TAX | $46M |
| Income Tax Expense | $6M |
| Net Income from Continuing Ops | $40M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $40M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $40M |
| D&A | $5M |
| EBIT | $46M |
| EBITDA | $51M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $40M |
| Depreciation & Amortization | $6M |
| Stock-Based Compensation | $15M |
| Deferred Income Tax | $1M |
| Other Non-Cash Items | $2M |
| Change in Working Capital | $832.0K |
| OPERATING CASH FLOW | $65M |
| Capital Expenditure | -$1M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$62M |
| Sales/Maturities of Investments | $42M |
| Other Investing Activities | -$1M |
| NET CASH FROM INVESTING | -$22M |
| Net Debt Issuance | -$4M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $138M |
| NET CASH FROM FINANCING | -$12M |
| FREE CASH FLOW | $64M |
| Net Change in Cash | $31M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $107M |
| Short-Term Investments | $144M |
| Net Receivables | $64M |
| Inventory | $0 |
| Other Current Assets | $11M |
| TOTAL CURRENT ASSETS | $342M |
| PP&E (Net) | $39M |
| Goodwill | $96M |
| Intangible Assets | $50M |
| Long-Term Investments | $77M |
| Tax Assets | $92M |
| Other Non-Current Assets | $25M |
| TOTAL NON-CURRENT ASSETS | $380M |
| TOTAL ASSETS | $722M |
| Account Payables | $4M |
| Short-Term Debt | $5M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $38M |
| TOTAL CURRENT LIABILITIES | $107M |
| Long-Term Debt | $33M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $33M |
| Other Non-Current Liabilities | -$27M |
| TOTAL NON-CURRENT LIABILITIES | $73M |
| TOTAL LIABILITIES | $180M |
| Common Stock | $4.0K |
| Additional Paid-In Capital | $284M |
| Retained Earnings | $431M |
| Treasury Stock | -$172M |
| Accum. Other Comp. Income | $30.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $543M |
| Minority Interest | $0 |
| TOTAL EQUITY | $543M |
| TOTAL LIABILITIES & EQUITY | $722M |
| Total Debt | $71M |
| Net Debt | -$36M |
