| Metric | Q1 2026 | Q4 2025 | Q1 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $162M | $160M | $135M | 1.0% | 19.6% |
| Op. Income | -$40M | -$22M | -$40M | -86.6% | -0.4% |
| Gross Margin | 68.6% | 69.3% | 67.1% | -0.6pp | 1.5pp |
| Net Margin | -22.1% | -10.7% | -26.3% | -11.4pp | 4.2pp |
| EPS (Diluted) | $-0.34 | $-0.17 | $-0.35 | -100.0% | 2.9% |
| Free Cash Flow | $23M | $15M | $11M | 50.4% | 99.9% |
| Item | Amount |
|---|---|
| REVENUE | $162M |
| Cost of Revenue | $51M |
| GROSS PROFIT | $111M |
| R&D Expenses | $37M |
| Selling & Marketing | $74M |
| General & Administrative | $41M |
| SG&A Expenses | $115M |
| Other Expenses | $0 |
| Operating Expenses | $151M |
| Cost & Expenses | $202M |
| OPERATING INCOME | -$40M |
| Interest Income | $5M |
| Interest Expense | $0 |
| Other Income/Expenses | $6M |
| INCOME BEFORE TAX | -$35M |
| Income Tax Expense | $1M |
| Net Income from Continuing Ops | -$36M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$36M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$36M |
| D&A | $3M |
| EBIT | -$40M |
| EBITDA | -$38M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$36M |
| Depreciation & Amortization | $3M |
| Stock-Based Compensation | $31M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $11M |
| Change in Working Capital | $16M |
| OPERATING CASH FLOW | $24M |
| Capital Expenditure | -$1M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$52M |
| Sales/Maturities of Investments | $176M |
| Other Investing Activities | -$1M |
| NET CASH FROM INVESTING | $123M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $605.0K |
| FREE CASH FLOW | $23M |
| Net Change in Cash | $148M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $231M |
| Short-Term Investments | $308M |
| Net Receivables | $91M |
| Inventory | $0 |
| Other Current Assets | $7M |
| TOTAL CURRENT ASSETS | $659M |
| PP&E (Net) | $115M |
| Goodwill | $28M |
| Intangible Assets | $3M |
| Long-Term Investments | $530.0K |
| Tax Assets | $0 |
| Other Non-Current Assets | $83M |
| TOTAL NON-CURRENT ASSETS | $230M |
| TOTAL ASSETS | $889M |
| Account Payables | $1M |
| Short-Term Debt | $0 |
| Deferred Revenue | $265M |
| Other Current Liabilities | $25M |
| TOTAL CURRENT LIABILITIES | $344M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $3M |
| TOTAL NON-CURRENT LIABILITIES | $71M |
| TOTAL LIABILITIES | $415M |
| Common Stock | $10.0K |
| Additional Paid-In Capital | $1.1B |
| Retained Earnings | -$623M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $2M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $474M |
| Minority Interest | $33.0K |
| TOTAL EQUITY | $474M |
| TOTAL LIABILITIES & EQUITY | $889M |
| Total Debt | $87M |
| Net Debt | -$144M |
