| Metric | Q1 2026 | Q4 2025 | Q1 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $122M | $144M | $123M | -15.4% | -1.4% |
| Op. Income | $2M | -$6M | -$13M | 132.3% | 115.5% |
| Gross Margin | 74.2% | 73.6% | 72.9% | 0.6pp | 1.3pp |
| Net Margin | 1.6% | -4.9% | -33.5% | 6.4pp | 35.1pp |
| EPS (Diluted) | $0.00 | $-0.01 | $-0.07 | 127.1% | 104.6% |
| Free Cash Flow | -$20M | $40M | -$18M | -149.8% | -11.7% |
| Item | Amount |
|---|---|
| REVENUE | $122M |
| Cost of Revenue | $31M |
| GROSS PROFIT | $90M |
| R&D Expenses | $25M |
| Selling & Marketing | $29M |
| General & Administrative | $31M |
| SG&A Expenses | $59M |
| Other Expenses | $4M |
| Operating Expenses | $88M |
| Cost & Expenses | $120M |
| OPERATING INCOME | $2M |
| Interest Income | $0 |
| Interest Expense | $3M |
| Other Income/Expenses | $3M |
| INCOME BEFORE TAX | $5M |
| Income Tax Expense | $3M |
| Net Income from Continuing Ops | $2M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $2M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $2M |
| D&A | $6M |
| EBIT | $8M |
| EBITDA | $14M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $122M |
| Cost of Revenue | $31M |
| GROSS PROFIT | $90M |
| R&D Expenses | $25M |
| Selling & Marketing | $29M |
| General & Administrative | $31M |
| SG&A Expenses | $59M |
| Other Expenses | $4M |
| Operating Expenses | $88M |
| Cost & Expenses | $120M |
| OPERATING INCOME | $2M |
| Interest Income | $0 |
| Interest Expense | $3M |
| Other Income/Expenses | $3M |
| INCOME BEFORE TAX | $5M |
| Income Tax Expense | $3M |
| Net Income from Continuing Ops | $2M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $2M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $2M |
| D&A | $6M |
| EBIT | $8M |
| EBITDA | $14M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $2M |
| Depreciation & Amortization | $6M |
| Stock-Based Compensation | $6M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$2M |
| Change in Working Capital | -$29M |
| OPERATING CASH FLOW | -$18M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$22M |
| Sales/Maturities of Investments | $62M |
| Other Investing Activities | -$1M |
| NET CASH FROM INVESTING | $39M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$10M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$9M |
| FREE CASH FLOW | -$20M |
| Net Change in Cash | $12M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $276M |
| Short-Term Investments | $31M |
| Net Receivables | $183M |
| Inventory | $0 |
| Other Current Assets | $43M |
| TOTAL CURRENT ASSETS | $533M |
| PP&E (Net) | $33M |
| Goodwill | $477M |
| Intangible Assets | $44M |
| Long-Term Investments | $59M |
| Tax Assets | $0 |
| Other Non-Current Assets | $65M |
| TOTAL NON-CURRENT ASSETS | $677M |
| TOTAL ASSETS | $1.2B |
| Account Payables | $5M |
| Short-Term Debt | $14M |
| Deferred Revenue | $136M |
| Other Current Liabilities | -$5M |
| TOTAL CURRENT LIABILITIES | $253M |
| Long-Term Debt | $196M |
| Deferred Revenue NC | $9M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $1M |
| TOTAL NON-CURRENT LIABILITIES | $232M |
| TOTAL LIABILITIES | $485M |
| Common Stock | $3.0B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$2.2B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$13M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $725M |
| Minority Interest | $0 |
| TOTAL EQUITY | $725M |
| TOTAL LIABILITIES & EQUITY | $1.2B |
| Total Debt | $236M |
| Net Debt | -$40M |
