| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $203M | $201M | $194M | 0.9% | 4.3% |
| Op. Income | $10M | $8M | $18M | 32.6% | -43.3% |
| Gross Margin | 71.0% | 71.2% | 75.5% | -0.2pp | -4.6pp |
| Net Margin | 48.7% | 5.2% | 10.9% | 43.5pp | 37.8pp |
| EPS (Diluted) | $0.37 | $0.04 | $0.07 | 827.3% | 404.8% |
| Free Cash Flow | $2M | $5M | $12M | -68.6% | -87.4% |
| Item | Amount |
|---|---|
| REVENUE | $203M |
| Cost of Revenue | $59M |
| GROSS PROFIT | $144M |
| R&D Expenses | $23M |
| Selling & Marketing | $76M |
| General & Administrative | $35M |
| SG&A Expenses | $111M |
| Other Expenses | -$200.0K |
| Operating Expenses | $133M |
| Cost & Expenses | $192M |
| OPERATING INCOME | $10M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $5M |
| INCOME BEFORE TAX | $15M |
| Income Tax Expense | -$83M |
| Net Income from Continuing Ops | $99M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $99M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $99M |
| D&A | $2M |
| EBIT | $10M |
| EBITDA | $12M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $203M |
| Cost of Revenue | $59M |
| GROSS PROFIT | $144M |
| R&D Expenses | $23M |
| Selling & Marketing | $76M |
| General & Administrative | $35M |
| SG&A Expenses | $111M |
| Other Expenses | -$200.0K |
| Operating Expenses | $133M |
| Cost & Expenses | $192M |
| OPERATING INCOME | $10M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $5M |
| INCOME BEFORE TAX | $15M |
| Income Tax Expense | -$83M |
| Net Income from Continuing Ops | $99M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $99M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $99M |
| D&A | $2M |
| EBIT | $10M |
| EBITDA | $12M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $99M |
| Depreciation & Amortization | $5M |
| Stock-Based Compensation | $15M |
| Deferred Income Tax | -$88M |
| Other Non-Cash Items | -$1M |
| Change in Working Capital | -$24M |
| OPERATING CASH FLOW | $5M |
| Capital Expenditure | -$4M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$67M |
| Sales/Maturities of Investments | $115M |
| Other Investing Activities | -$3M |
| NET CASH FROM INVESTING | $44M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $3M |
| NET CASH FROM FINANCING | $3M |
| FREE CASH FLOW | $2M |
| Net Change in Cash | $52M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $145M |
| Short-Term Investments | $338M |
| Net Receivables | $290M |
| Inventory | $0 |
| Other Current Assets | $59M |
| TOTAL CURRENT ASSETS | $854M |
| PP&E (Net) | $76M |
| Goodwill | $0 |
| Intangible Assets | $50M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $204M |
| TOTAL NON-CURRENT ASSETS | $330M |
| TOTAL ASSETS | $1.2B |
| Account Payables | $27M |
| Short-Term Debt | $0 |
| Deferred Revenue | $403M |
| Other Current Liabilities | $79M |
| TOTAL CURRENT LIABILITIES | $518M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $6M |
| Deferred Tax Liabilities | $35.0K |
| Other Non-Current Liabilities | $7M |
| TOTAL NON-CURRENT LIABILITIES | $55M |
| TOTAL LIABILITIES | $572M |
| Common Stock | $8.0K |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$626M |
| Treasury Stock | -$24M |
| Accum. Other Comp. Income | -$7M |
| Other Equity | $1.3B |
| TOTAL STOCKHOLDERS' EQUITY | $612M |
| Minority Interest | $0 |
| TOTAL EQUITY | $612M |
| TOTAL LIABILITIES & EQUITY | $1.2B |
| Total Debt | $49M |
| Net Debt | -$97M |
