| Metric | Q1 2026 | Q4 2025 | Q1 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $280M | $272M | $220M | 2.8% | 27.1% |
| Op. Income | $13M | $9M | -$6M | 37.1% | 309.1% |
| Gross Margin | 56.9% | 57.7% | 55.7% | -0.8pp | 1.2pp |
| Net Margin | 4.0% | 2.6% | -2.2% | 1.4pp | 6.2pp |
| EPS (Diluted) | $0.17 | $0.10 | $-0.07 | 70.0% | 334.5% |
| Free Cash Flow | $7M | $40M | $13M | -83.8% | -49.5% |
| Item | Amount |
|---|---|
| REVENUE | $280M |
| Cost of Revenue | $121M |
| GROSS PROFIT | $159M |
| R&D Expenses | $55M |
| Selling & Marketing | $63M |
| General & Administrative | $28M |
| SG&A Expenses | $92M |
| Other Expenses | $0 |
| Operating Expenses | $147M |
| Cost & Expenses | $267M |
| OPERATING INCOME | $13M |
| Interest Income | $3M |
| Interest Expense | $0 |
| Other Income/Expenses | $3M |
| INCOME BEFORE TAX | $15M |
| Income Tax Expense | $4M |
| Net Income from Continuing Ops | $11M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $11M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $11M |
| D&A | $4M |
| EBIT | $13M |
| EBITDA | $17M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $280M |
| Cost of Revenue | $121M |
| GROSS PROFIT | $159M |
| R&D Expenses | $55M |
| Selling & Marketing | $63M |
| General & Administrative | $28M |
| SG&A Expenses | $92M |
| Other Expenses | $0 |
| Operating Expenses | $147M |
| Cost & Expenses | $267M |
| OPERATING INCOME | $13M |
| Interest Income | $3M |
| Interest Expense | $0 |
| Other Income/Expenses | $3M |
| INCOME BEFORE TAX | $15M |
| Income Tax Expense | $4M |
| Net Income from Continuing Ops | $11M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $11M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $11M |
| D&A | $4M |
| EBIT | $13M |
| EBITDA | $17M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $11M |
| Depreciation & Amortization | $4M |
| Stock-Based Compensation | $21M |
| Deferred Income Tax | $1M |
| Other Non-Cash Items | -$435.0K |
| Change in Working Capital | -$22M |
| OPERATING CASH FLOW | $15M |
| Capital Expenditure | -$8M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$10M |
| Sales/Maturities of Investments | $66M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $48M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$171M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$151M |
| FREE CASH FLOW | $7M |
| Net Change in Cash | -$88M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $55M |
| Short-Term Investments | $189M |
| Net Receivables | $117M |
| Inventory | $155M |
| Other Current Assets | $72M |
| TOTAL CURRENT ASSETS | $587M |
| PP&E (Net) | $53M |
| Goodwill | $116M |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $165M |
| Other Non-Current Assets | $31M |
| TOTAL NON-CURRENT ASSETS | $364M |
| TOTAL ASSETS | $951M |
| Account Payables | $69M |
| Short-Term Debt | $0 |
| Deferred Revenue | $31M |
| Other Current Liabilities | $79M |
| TOTAL CURRENT LIABILITIES | $178M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $20M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $3M |
| TOTAL NON-CURRENT LIABILITIES | $35M |
| TOTAL LIABILITIES | $213M |
| Common Stock | $2M |
| Additional Paid-In Capital | $1.1B |
| Retained Earnings | -$361M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$1M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $738M |
| Minority Interest | $0 |
| TOTAL EQUITY | $738M |
| TOTAL LIABILITIES & EQUITY | $951M |
| Total Debt | $12M |
| Net Debt | -$43M |
