| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $252M | $277M | $230M | -8.9% | 9.9% |
| Op. Income | $35M | $58M | $31M | -38.9% | 14.4% |
| Gross Margin | 65.7% | 67.6% | 68.7% | -1.9pp | -3.0pp |
| Net Margin | 12.9% | 6.4% | 12.3% | 6.6pp | 0.6pp |
| EPS (Diluted) | $0.19 | $0.10 | $0.16 | 90.0% | 18.8% |
| Free Cash Flow | $72M | $86M | $49M | -16.0% | 46.6% |
| Item | Amount |
|---|---|
| REVENUE | $252M |
| Cost of Revenue | $86M |
| GROSS PROFIT | $166M |
| R&D Expenses | $36M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $95M |
| Other Expenses | $0 |
| Operating Expenses | $131M |
| Cost & Expenses | $217M |
| OPERATING INCOME | $35M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $9M |
| INCOME BEFORE TAX | $44M |
| Income Tax Expense | $11M |
| Net Income from Continuing Ops | $33M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $33M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $33M |
| D&A | $7M |
| EBIT | $35M |
| EBITDA | $42M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $252M |
| Cost of Revenue | $86M |
| GROSS PROFIT | $166M |
| R&D Expenses | $36M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $95M |
| Other Expenses | $0 |
| Operating Expenses | $131M |
| Cost & Expenses | $217M |
| OPERATING INCOME | $35M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $9M |
| INCOME BEFORE TAX | $44M |
| Income Tax Expense | $11M |
| Net Income from Continuing Ops | $33M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $33M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $33M |
| D&A | $7M |
| EBIT | $35M |
| EBITDA | $42M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $33M |
| Depreciation & Amortization | $7M |
| Stock-Based Compensation | $14M |
| Deferred Income Tax | $2M |
| Other Non-Cash Items | $8M |
| Change in Working Capital | $11M |
| OPERATING CASH FLOW | $75M |
| Capital Expenditure | -$3M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$41M |
| Sales/Maturities of Investments | $17M |
| Other Investing Activities | $7M |
| NET CASH FROM INVESTING | -$20M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$25M |
| Common Dividends Paid | -$14M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$37M |
| FREE CASH FLOW | $72M |
| Net Change in Cash | $17M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $263M |
| Short-Term Investments | $74M |
| Net Receivables | $164M |
| Inventory | $138M |
| Other Current Assets | $59M |
| TOTAL CURRENT ASSETS | $697M |
| PP&E (Net) | $158M |
| Goodwill | $386M |
| Intangible Assets | $81M |
| Long-Term Investments | $305M |
| Tax Assets | $383M |
| Other Non-Current Assets | $5M |
| TOTAL NON-CURRENT ASSETS | $1.3B |
| TOTAL ASSETS | $2.0B |
| Account Payables | $50M |
| Short-Term Debt | $0 |
| Deferred Revenue | $21M |
| Other Current Liabilities | $52M |
| TOTAL CURRENT LIABILITIES | $184M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $275M |
| Other Non-Current Liabilities | $1M |
| TOTAL NON-CURRENT LIABILITIES | $341M |
| TOTAL LIABILITIES | $525M |
| Common Stock | $334.0K |
| Additional Paid-In Capital | $1.1B |
| Retained Earnings | $406M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$53M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.5B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.5B |
| TOTAL LIABILITIES & EQUITY | $2.0B |
| Total Debt | $77M |
| Net Debt | -$186M |
