| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $129M | $104M | $31M | 23.3% | 312.1% |
| Op. Income | $59M | $51M | $13M | 15.2% | 357.1% |
| Gross Margin | 83.4% | 89.3% | 96.2% | -5.8pp | -12.8pp |
| Net Margin | 10.9% | 104.1% | 43.1% | -93.2pp | -32.2pp |
| EPS (Diluted) | $0.15 | $1.26 | $0.22 | -88.1% | -31.8% |
| Free Cash Flow | $94M | $30M | -$6M | 211.1% | 1778.7% |
| Item | Amount |
|---|---|
| REVENUE | $129M |
| Cost of Revenue | $21M |
| GROSS PROFIT | $107M |
| R&D Expenses | $9M |
| Selling & Marketing | -$60M |
| General & Administrative | $24M |
| SG&A Expenses | -$37M |
| Other Expenses | $76M |
| Operating Expenses | $48M |
| Cost & Expenses | $69M |
| OPERATING INCOME | $59M |
| Interest Income | $890.0K |
| Interest Expense | $2M |
| Other Income/Expenses | -$3M |
| INCOME BEFORE TAX | $56M |
| Income Tax Expense | $42M |
| Net Income from Continuing Ops | $14M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $14M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $14M |
| D&A | $11M |
| EBIT | $56M |
| EBITDA | $66M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $129M |
| Cost of Revenue | $21M |
| GROSS PROFIT | $107M |
| R&D Expenses | $9M |
| Selling & Marketing | -$60M |
| General & Administrative | $24M |
| SG&A Expenses | -$37M |
| Other Expenses | $76M |
| Operating Expenses | $48M |
| Cost & Expenses | $69M |
| OPERATING INCOME | $59M |
| Interest Income | $890.0K |
| Interest Expense | $2M |
| Other Income/Expenses | -$3M |
| INCOME BEFORE TAX | $56M |
| Income Tax Expense | $42M |
| Net Income from Continuing Ops | $14M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $14M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $14M |
| D&A | $11M |
| EBIT | $56M |
| EBITDA | $66M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $14M |
| Depreciation & Amortization | $486.8K |
| Stock-Based Compensation | $10M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $72M |
| Change in Working Capital | -$2M |
| OPERATING CASH FLOW | $94M |
| Capital Expenditure | -$44.3K |
| Acquisitions (Net) | $1M |
| Purchases of Investments | -$48M |
| Sales/Maturities of Investments | $28M |
| Other Investing Activities | $22M |
| NET CASH FROM INVESTING | $3M |
| Net Debt Issuance | -$6M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$447.8K |
| NET CASH FROM FINANCING | -$1M |
| FREE CASH FLOW | $94M |
| Net Change in Cash | $96M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $146M |
| Short-Term Investments | $4M |
| Net Receivables | $171M |
| Inventory | $30M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $350M |
| PP&E (Net) | $0 |
| Goodwill | $30M |
| Intangible Assets | $379M |
| Long-Term Investments | $0 |
| Tax Assets | $16M |
| Other Non-Current Assets | $0 |
| TOTAL NON-CURRENT ASSETS | $425M |
| TOTAL ASSETS | $826M |
| Account Payables | $8M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $135M |
| TOTAL CURRENT LIABILITIES | $174M |
| Long-Term Debt | $145M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $99M |
| TOTAL NON-CURRENT LIABILITIES | $247M |
| TOTAL LIABILITIES | $421M |
| Common Stock | $79.0K |
| Additional Paid-In Capital | $582M |
| Retained Earnings | -$177M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $3.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $405M |
| Minority Interest | $0 |
| TOTAL EQUITY | $405M |
| TOTAL LIABILITIES & EQUITY | $826M |
| Total Debt | $149M |
| Net Debt | $3M |
