| Metric | Q1 2026 | Q4 2025 | Q1 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $206M | $203M | $196M | 1.5% | 4.9% |
| Op. Income | -$2M | $10M | $6M | -116.8% | -130.7% |
| Gross Margin | 69.5% | 71.0% | 73.9% | -1.4pp | -4.4pp |
| Net Margin | -0.8% | 48.7% | 5.4% | -49.5pp | -6.2pp |
| EPS (Diluted) | $-0.01 | $0.37 | $0.04 | -101.6% | -116.3% |
| Free Cash Flow | $80M | $2M | $36M | 5119.9% | 122.3% |
| Item | Amount |
|---|---|
| REVENUE | $206M |
| Cost of Revenue | $63M |
| GROSS PROFIT | $143M |
| R&D Expenses | $23M |
| Selling & Marketing | $71M |
| General & Administrative | $34M |
| SG&A Expenses | $106M |
| Other Expenses | $16M |
| Operating Expenses | $145M |
| Cost & Expenses | $207M |
| OPERATING INCOME | -$2M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $7M |
| INCOME BEFORE TAX | $5M |
| Income Tax Expense | $7M |
| Net Income from Continuing Ops | -$2M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$2M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$2M |
| D&A | $1M |
| EBIT | $15M |
| EBITDA | $16M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$2M |
| Depreciation & Amortization | $5M |
| Stock-Based Compensation | $21M |
| Deferred Income Tax | $3M |
| Other Non-Cash Items | $3M |
| Change in Working Capital | $54M |
| OPERATING CASH FLOW | $84M |
| Capital Expenditure | -$3M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$237M |
| Sales/Maturities of Investments | $132M |
| Other Investing Activities | -$3M |
| NET CASH FROM INVESTING | -$108M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $3M |
| FREE CASH FLOW | $80M |
| Net Change in Cash | -$18M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $126M |
| Short-Term Investments | $444M |
| Net Receivables | $208M |
| Inventory | $0 |
| Other Current Assets | $45M |
| TOTAL CURRENT ASSETS | $862M |
| PP&E (Net) | $78M |
| Goodwill | $0 |
| Intangible Assets | $50M |
| Long-Term Investments | $0 |
| Tax Assets | $88M |
| Other Non-Current Assets | $112M |
| TOTAL NON-CURRENT ASSETS | $327M |
| TOTAL ASSETS | $1.2B |
| Account Payables | $27M |
| Short-Term Debt | $0 |
| Deferred Revenue | $404M |
| Other Current Liabilities | $19M |
| TOTAL CURRENT LIABILITIES | $495M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $5M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $7M |
| TOTAL NON-CURRENT LIABILITIES | $54M |
| TOTAL LIABILITIES | $550M |
| Common Stock | $8.0K |
| Additional Paid-In Capital | $1.3B |
| Retained Earnings | -$628M |
| Treasury Stock | -$24M |
| Accum. Other Comp. Income | -$3M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $640M |
| Minority Interest | $0 |
| TOTAL EQUITY | $640M |
| TOTAL LIABILITIES & EQUITY | $1.2B |
| Total Debt | $51M |
| Net Debt | -$76M |
