| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $323M | $304M | $317M | 6.4% | 2.0% |
| Op. Income | $71M | $36M | $42M | 97.7% | 68.5% |
| Gross Margin | 48.7% | 46.7% | 51.3% | 2.0pp | -2.6pp |
| Net Margin | 2.2% | 6.7% | 10.9% | -4.6pp | -8.7pp |
| EPS (Diluted) | $0.25 | $0.73 | $1.21 | -65.8% | -79.3% |
| Free Cash Flow | $56M | $44M | $77M | 27.0% | -27.2% |
| Item | Amount |
|---|---|
| REVENUE | $323M |
| Cost of Revenue | $166M |
| GROSS PROFIT | $157M |
| R&D Expenses | $40M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $86M |
| Other Expenses | -$40M |
| Operating Expenses | $86M |
| Cost & Expenses | $252M |
| OPERATING INCOME | $71M |
| Interest Income | $938.0K |
| Interest Expense | $7M |
| Other Income/Expenses | -$48M |
| INCOME BEFORE TAX | $23M |
| Income Tax Expense | $16M |
| Net Income from Continuing Ops | $7M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $7M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $7M |
| D&A | $18M |
| EBIT | $30M |
| EBITDA | $48M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $323M |
| Cost of Revenue | $166M |
| GROSS PROFIT | $157M |
| R&D Expenses | $40M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $86M |
| Other Expenses | -$40M |
| Operating Expenses | $86M |
| Cost & Expenses | $252M |
| OPERATING INCOME | $71M |
| Interest Income | $938.0K |
| Interest Expense | $7M |
| Other Income/Expenses | -$48M |
| INCOME BEFORE TAX | $23M |
| Income Tax Expense | $16M |
| Net Income from Continuing Ops | $7M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $7M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $7M |
| D&A | $18M |
| EBIT | $30M |
| EBITDA | $48M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $7M |
| Depreciation & Amortization | $17M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | -$147.0K |
| Other Non-Cash Items | $21M |
| Change in Working Capital | $14M |
| OPERATING CASH FLOW | $59M |
| Capital Expenditure | -$3M |
| Acquisitions (Net) | $85.0K |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$3M |
| Net Debt Issuance | -$681.0K |
| Common Stock Repurchased | -$25M |
| Common Dividends Paid | -$10M |
| Other Financing Activities | $50M |
| NET CASH FROM FINANCING | $15M |
| FREE CASH FLOW | $56M |
| Net Change in Cash | $22M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $180M |
| Short-Term Investments | $0 |
| Net Receivables | $371M |
| Inventory | $0 |
| Other Current Assets | $387M |
| TOTAL CURRENT ASSETS | $938M |
| PP&E (Net) | $59M |
| Goodwill | $325M |
| Intangible Assets | $120M |
| Long-Term Investments | $0 |
| Tax Assets | $84M |
| Other Non-Current Assets | $20M |
| TOTAL NON-CURRENT ASSETS | $607M |
| TOTAL ASSETS | $1.5B |
| Account Payables | $45M |
| Short-Term Debt | $5M |
| Deferred Revenue | $48M |
| Other Current Liabilities | $552M |
| TOTAL CURRENT LIABILITIES | $651M |
| Long-Term Debt | $561M |
| Deferred Revenue NC | $29M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | -$1M |
| TOTAL NON-CURRENT LIABILITIES | $610M |
| TOTAL LIABILITIES | $1.3B |
| Common Stock | $721.0K |
| Additional Paid-In Capital | $533M |
| Retained Earnings | $1.0B |
| Treasury Stock | -$1.2B |
| Accum. Other Comp. Income | -$45M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $284M |
| Minority Interest | $0 |
| TOTAL EQUITY | $284M |
| TOTAL LIABILITIES & EQUITY | $1.5B |
| Total Debt | $587M |
| Net Debt | $407M |
