| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $300M | $316M | $266M | -5.2% | 12.4% |
| Op. Income | $104M | $100M | $56M | 3.2% | 86.3% |
| Gross Margin | 85.1% | 85.8% | 82.8% | -0.6pp | 2.3pp |
| Net Margin | 33.4% | 37.3% | 24.7% | -3.9pp | 8.7pp |
| EPS (Diluted) | $0.20 | $0.25 | $0.15 | -17.6% | 40.0% |
| Item | Amount |
|---|---|
| REVENUE | $300M |
| Cost of Revenue | $45M |
| GROSS PROFIT | $255M |
| R&D Expenses | $58M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $93M |
| Other Expenses | $1 |
| Operating Expenses | $151M |
| Cost & Expenses | $196M |
| OPERATING INCOME | $104M |
| Interest Income | $25M |
| Interest Expense | $0 |
| Other Income/Expenses | $20M |
| INCOME BEFORE TAX | $123M |
| Income Tax Expense | $24M |
| Net Income from Continuing Ops | $100M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $1 |
| NET INCOME | $100M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $100M |
| D&A | $0 |
| EBIT | $104M |
| EBITDA | $104M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $300M |
| Cost of Revenue | $45M |
| GROSS PROFIT | $255M |
| R&D Expenses | $58M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $93M |
| Other Expenses | $1 |
| Operating Expenses | $151M |
| Cost & Expenses | $196M |
| OPERATING INCOME | $104M |
| Interest Income | $25M |
| Interest Expense | $0 |
| Other Income/Expenses | $20M |
| INCOME BEFORE TAX | $123M |
| Income Tax Expense | $24M |
| Net Income from Continuing Ops | $100M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $1 |
| NET INCOME | $100M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $100M |
| D&A | $0 |
| EBIT | $104M |
| EBITDA | $104M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Cash & Equivalents | $600M |
| Short-Term Investments | $2.3B |
| Net Receivables | $6M |
| Inventory | $350.2K |
| Other Current Assets | $53M |
| TOTAL CURRENT ASSETS | $3.0B |
| PP&E (Net) | $206M |
| Goodwill | $16M |
| Intangible Assets | $0 |
| Long-Term Investments | $278M |
| Tax Assets | $3M |
| Other Non-Current Assets | $114M |
| TOTAL NON-CURRENT ASSETS | $616M |
| TOTAL ASSETS | $3.6B |
| Account Payables | $18M |
| Short-Term Debt | $14M |
| Deferred Revenue | $473M |
| Other Current Liabilities | $135M |
| TOTAL CURRENT LIABILITIES | $639M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $8M |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $17M |
| TOTAL LIABILITIES | $656M |
| Common Stock | $0 |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $0 |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $2.9B |
| TOTAL STOCKHOLDERS' EQUITY | $2.9B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.9B |
| TOTAL LIABILITIES & EQUITY | $3.6B |
| Total Debt | $23M |
| Net Debt | -$577M |
