| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $218M | $216M | $205M | 0.6% | 6.3% |
| Op. Income | $37M | $31M | $30M | 18.1% | 22.3% |
| Gross Margin | 39.6% | 38.0% | 41.7% | 1.6pp | -2.1pp |
| Net Margin | -5.6% | 3.4% | 2.5% | -9.0pp | -8.2pp |
| EPS (Diluted) | $-0.91 | $0.48 | $0.34 | -289.6% | -367.6% |
| Free Cash Flow | -$9M | $17M | $27M | -151.4% | -132.0% |
| Item | Amount |
|---|---|
| REVENUE | $218M |
| Cost of Revenue | $131M |
| GROSS PROFIT | $86M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $51M |
| SG&A Expenses | $51M |
| Other Expenses | -$2M |
| Operating Expenses | $49M |
| Cost & Expenses | $180M |
| OPERATING INCOME | $37M |
| Interest Income | $0 |
| Interest Expense | $2M |
| Other Income/Expenses | -$54M |
| INCOME BEFORE TAX | -$17M |
| Income Tax Expense | -$4M |
| Net Income from Continuing Ops | -$12M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$12M |
| Net Income Deductions | -$150.0K |
| BOTTOM LINE NET INCOME | -$12M |
| D&A | $12M |
| EBIT | -$14M |
| EBITDA | -$3M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$12M |
| Depreciation & Amortization | $12M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | -$8M |
| Other Non-Cash Items | $42M |
| Change in Working Capital | -$32M |
| OPERATING CASH FLOW | $6M |
| Capital Expenditure | -$14M |
| Acquisitions (Net) | -$653.0K |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$868.0K |
| NET CASH FROM INVESTING | -$16M |
| Net Debt Issuance | -$1M |
| Common Stock Repurchased | -$31M |
| Common Dividends Paid | -$7M |
| Other Financing Activities | -$149.0K |
| NET CASH FROM FINANCING | -$39M |
| FREE CASH FLOW | -$9M |
| Net Change in Cash | -$49M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $128M |
| Short-Term Investments | $0 |
| Net Receivables | $119M |
| Inventory | $0 |
| Other Current Assets | $56M |
| TOTAL CURRENT ASSETS | $352M |
| PP&E (Net) | $489M |
| Goodwill | $250M |
| Intangible Assets | $534M |
| Long-Term Investments | $56M |
| Tax Assets | $0 |
| Other Non-Current Assets | $57M |
| TOTAL NON-CURRENT ASSETS | $1.4B |
| TOTAL ASSETS | $1.7B |
| Account Payables | $93M |
| Short-Term Debt | $0 |
| Deferred Revenue | $188M |
| Other Current Liabilities | $100.0K |
| TOTAL CURRENT LIABILITIES | $366M |
| Long-Term Debt | $1.2B |
| Deferred Revenue NC | $34M |
| Deferred Tax Liabilities | $51M |
| Other Non-Current Liabilities | $35M |
| TOTAL NON-CURRENT LIABILITIES | $1.6B |
| TOTAL LIABILITIES | $2.0B |
| Common Stock | $200.0K |
| Additional Paid-In Capital | $240M |
| Retained Earnings | $175M |
| Treasury Stock | -$689M |
| Accum. Other Comp. Income | -$100.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$274M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$274M |
| TOTAL LIABILITIES & EQUITY | $1.7B |
| Total Debt | $1.6B |
| Net Debt | $1.5B |
