| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $283M | $272M | $210M | 4.1% | 35.0% |
| Op. Income | $43M | $35M | $14M | 23.6% | 213.0% |
| Gross Margin | 72.8% | 72.5% | 71.9% | 0.3pp | 0.9pp |
| Net Margin | 14.8% | 107.5% | 6.6% | -92.7pp | 8.2pp |
| EPS (Diluted) | $0.90 | $5.95 | $0.31 | -84.9% | 190.3% |
| Free Cash Flow | $103M | $79M | $81M | 30.3% | 27.9% |
| Item | Amount |
|---|---|
| REVENUE | $283M |
| Cost of Revenue | $77M |
| GROSS PROFIT | $206M |
| R&D Expenses | $80M |
| Selling & Marketing | $34M |
| General & Administrative | $48M |
| SG&A Expenses | $83M |
| Other Expenses | $0 |
| Operating Expenses | $162M |
| Cost & Expenses | $239M |
| OPERATING INCOME | $43M |
| Interest Income | $12M |
| Interest Expense | $0 |
| Other Income/Expenses | $11M |
| INCOME BEFORE TAX | $55M |
| Income Tax Expense | $13M |
| Net Income from Continuing Ops | $42M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $42M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $42M |
| D&A | $4M |
| EBIT | $43M |
| EBITDA | $47M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $283M |
| Cost of Revenue | $77M |
| GROSS PROFIT | $206M |
| R&D Expenses | $80M |
| Selling & Marketing | $34M |
| General & Administrative | $48M |
| SG&A Expenses | $83M |
| Other Expenses | $0 |
| Operating Expenses | $162M |
| Cost & Expenses | $239M |
| OPERATING INCOME | $43M |
| Interest Income | $12M |
| Interest Expense | $0 |
| Other Income/Expenses | $11M |
| INCOME BEFORE TAX | $55M |
| Income Tax Expense | $13M |
| Net Income from Continuing Ops | $42M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $42M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $42M |
| D&A | $4M |
| EBIT | $43M |
| EBITDA | $47M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $42M |
| Depreciation & Amortization | $4M |
| Stock-Based Compensation | $36M |
| Deferred Income Tax | $14M |
| Other Non-Cash Items | -$70M |
| Change in Working Capital | $81M |
| OPERATING CASH FLOW | $107M |
| Capital Expenditure | -$4M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$75M |
| Sales/Maturities of Investments | $61M |
| Other Investing Activities | -$26M |
| NET CASH FROM INVESTING | -$43M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$42M |
| NET CASH FROM FINANCING | -$39M |
| FREE CASH FLOW | $103M |
| Net Change in Cash | $25M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.0B |
| Short-Term Investments | $104M |
| Net Receivables | $280M |
| Inventory | $0 |
| Other Current Assets | $17M |
| TOTAL CURRENT ASSETS | $1.4B |
| PP&E (Net) | $117M |
| Goodwill | $35M |
| Intangible Assets | $28M |
| Long-Term Investments | $138M |
| Tax Assets | $227M |
| Other Non-Current Assets | $10M |
| TOTAL NON-CURRENT ASSETS | $556M |
| TOTAL ASSETS | $2.0B |
| Account Payables | $8M |
| Short-Term Debt | $0 |
| Deferred Revenue | $496M |
| Other Current Liabilities | $47M |
| TOTAL CURRENT LIABILITIES | $551M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $249.0K |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $94M |
| TOTAL LIABILITIES | $645M |
| Common Stock | $5.0K |
| Additional Paid-In Capital | $1.1B |
| Retained Earnings | $288M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.3B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.3B |
| TOTAL LIABILITIES & EQUITY | $2.0B |
| Total Debt | $94M |
| Net Debt | -$943M |
