| Metric | Q4 2026 | Q3 2026 | Q4 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $206M | $201M | $188M | 2.3% | 9.2% |
| Op. Income | -$65M | -$39M | -$64M | -64.8% | -1.7% |
| Gross Margin | 87.8% | 88.9% | 89.6% | -1.1pp | -1.8pp |
| Net Margin | -15.7% | -34.0% | -33.1% | 18.4pp | 17.4pp |
| EPS (Diluted) | $-0.14 | $-0.29 | $-0.27 | 51.7% | 48.1% |
| Free Cash Flow | $26M | $16M | $14M | 70.3% | 84.0% |
| Item | Amount |
|---|---|
| REVENUE | $206M |
| Cost of Revenue | $25M |
| GROSS PROFIT | $181M |
| R&D Expenses | $73M |
| Selling & Marketing | $100M |
| General & Administrative | $41M |
| SG&A Expenses | $141M |
| Other Expenses | $31M |
| Operating Expenses | $245M |
| Cost & Expenses | $270M |
| OPERATING INCOME | -$65M |
| Interest Income | $0 |
| Interest Expense | $4M |
| Other Income/Expenses | $33M |
| INCOME BEFORE TAX | -$31M |
| Income Tax Expense | $1M |
| NET INCOME | -$32M |
| D&A | $6M |
| EBIT | -$28M |
| EBITDA | -$22M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$32M |
| Depreciation & Amortization | $6M |
| Stock-Based Compensation | $50M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $12M |
| Change in Working Capital | -$8M |
| OPERATING CASH FLOW | $28M |
| Capital Expenditure | -$1M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$18M |
| Sales/Maturities of Investments | $64M |
| Other Investing Activities | -$2M |
| NET CASH FROM INVESTING | $43M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$58M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$56M |
| FREE CASH FLOW | $26M |
| Net Change in Cash | $16M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $200M |
| Short-Term Investments | $234M |
| Net Receivables | $110M |
| Inventory | $0 |
| Other Current Assets | $49M |
| TOTAL CURRENT ASSETS | $593M |
| PP&E (Net) | $222M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $29M |
| TOTAL NON-CURRENT ASSETS | $251M |
| TOTAL ASSETS | $844M |
| Account Payables | $19M |
| Short-Term Debt | $25M |
| Deferred Revenue | $334M |
| Other Current Liabilities | $124M |
| TOTAL CURRENT LIABILITIES | $501M |
| Long-Term Debt | $184M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $5M |
| TOTAL NON-CURRENT LIABILITIES | $189M |
| TOTAL LIABILITIES | $690M |
| Common Stock | $2.0K |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$2.1B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $4M |
| Other Equity | $2.3B |
| TOTAL STOCKHOLDERS' EQUITY | $154M |
| Minority Interest | $0 |
| TOTAL EQUITY | $154M |
| TOTAL LIABILITIES & EQUITY | $844M |
| Total Debt | $209M |
| Net Debt | $9M |
