| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $144M | — | $173M | — | -16.8% |
| Op. Income | -$6M | — | -$56M | — | 88.9% |
| Gross Margin | 73.6% | — | 74.6% | — | -1.0pp |
| Net Margin | -4.9% | — | -32.4% | — | 27.5pp |
| EPS (Diluted) | $-0.01 | — | $-0.10 | — | 87.6% |
| Free Cash Flow | $40M | — | -$19M | — | 312.6% |
| Item | Amount |
|---|---|
| REVENUE | $144M |
| Cost of Revenue | $38M |
| GROSS PROFIT | $106M |
| R&D Expenses | $24M |
| Selling & Marketing | $28M |
| General & Administrative | $49M |
| SG&A Expenses | $76M |
| Other Expenses | $12M |
| Operating Expenses | $112M |
| Cost & Expenses | $150M |
| OPERATING INCOME | -$6M |
| Interest Income | $3M |
| Interest Expense | $988.8K |
| Other Income/Expenses | -$300.0K |
| INCOME BEFORE TAX | -$7M |
| Income Tax Expense | $1M |
| Net Income from Continuing Ops | -$8M |
| Net Income from Discontinued Ops | $500.0K |
| Other Adjustments | $0 |
| NET INCOME | -$7M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$7M |
| D&A | $6M |
| EBIT | $4M |
| EBITDA | $9M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$7M |
| Depreciation & Amortization | $6M |
| Stock-Based Compensation | $5M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$5M |
| Change in Working Capital | $44M |
| OPERATING CASH FLOW | $42M |
| Capital Expenditure | -$1M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$63M |
| Sales/Maturities of Investments | $23M |
| Other Investing Activities | $79M |
| NET CASH FROM INVESTING | $39M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $100.0K |
| FREE CASH FLOW | $40M |
| Net Change in Cash | $80M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $267M |
| Short-Term Investments | $71M |
| Net Receivables | $224M |
| Inventory | $0 |
| Other Current Assets | $30M |
| TOTAL CURRENT ASSETS | $592M |
| PP&E (Net) | $35M |
| Goodwill | $472M |
| Intangible Assets | $47M |
| Long-Term Investments | $59M |
| Tax Assets | $0 |
| Other Non-Current Assets | $90M |
| TOTAL NON-CURRENT ASSETS | $704M |
| TOTAL ASSETS | $1.3B |
| Account Payables | $31M |
| Short-Term Debt | $15M |
| Deferred Revenue | $162M |
| Other Current Liabilities | $16M |
| TOTAL CURRENT LIABILITIES | $344M |
| Long-Term Debt | $195M |
| Deferred Revenue NC | $6M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $2M |
| TOTAL NON-CURRENT LIABILITIES | $231M |
| TOTAL LIABILITIES | $576M |
| Common Stock | $3.0B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$2.2B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$19M |
| Other Equity | -$91.5K |
| TOTAL STOCKHOLDERS' EQUITY | $720M |
| Minority Interest | $0 |
| TOTAL EQUITY | $720M |
| TOTAL LIABILITIES & EQUITY | $1.3B |
| Total Debt | $239M |
| Net Debt | -$28M |
