| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $206M | $189M | $191M | 9.0% | 7.9% |
| Op. Income | $38M | $21M | $39M | 79.0% | -2.5% |
| Gross Margin | 82.5% | 82.3% | 82.0% | 0.3pp | 0.5pp |
| Net Margin | 14.3% | 5.4% | 12.3% | 8.9pp | 2.0pp |
| EPS (Diluted) | $0.18 | $0.06 | $0.14 | 200.0% | 28.6% |
| Free Cash Flow | $62M | $39M | $30M | 59.2% | 107.0% |
| Item | Amount |
|---|---|
| REVENUE | $206M |
| Cost of Revenue | $36M |
| GROSS PROFIT | $170M |
| R&D Expenses | $42M |
| Selling & Marketing | $49M |
| General & Administrative | $27M |
| SG&A Expenses | $76M |
| Other Expenses | $14M |
| Operating Expenses | $132M |
| Cost & Expenses | $168M |
| OPERATING INCOME | $38M |
| Interest Income | $5M |
| Interest Expense | $403.0K |
| Other Income/Expenses | -$344.0K |
| INCOME BEFORE TAX | $37M |
| Income Tax Expense | $8M |
| Net Income from Continuing Ops | $29M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $29M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $29M |
| D&A | $14M |
| EBIT | $38M |
| EBITDA | $52M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $206M |
| Cost of Revenue | $36M |
| GROSS PROFIT | $170M |
| R&D Expenses | $42M |
| Selling & Marketing | $49M |
| General & Administrative | $27M |
| SG&A Expenses | $76M |
| Other Expenses | $14M |
| Operating Expenses | $132M |
| Cost & Expenses | $168M |
| OPERATING INCOME | $38M |
| Interest Income | $5M |
| Interest Expense | $403.0K |
| Other Income/Expenses | -$344.0K |
| INCOME BEFORE TAX | $37M |
| Income Tax Expense | $8M |
| Net Income from Continuing Ops | $29M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $29M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $29M |
| D&A | $14M |
| EBIT | $38M |
| EBITDA | $52M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $29M |
| Depreciation & Amortization | $14M |
| Stock-Based Compensation | $25M |
| Deferred Income Tax | -$13M |
| Other Non-Cash Items | $4M |
| Change in Working Capital | $13M |
| OPERATING CASH FLOW | $73M |
| Capital Expenditure | -$11M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$1M |
| NET CASH FROM INVESTING | -$12M |
| Net Debt Issuance | -$2M |
| Common Stock Repurchased | -$3M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$3M |
| FREE CASH FLOW | $62M |
| Net Change in Cash | $58M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $259M |
| Short-Term Investments | $0 |
| Net Receivables | $221M |
| Inventory | $0 |
| Other Current Assets | $39M |
| TOTAL CURRENT ASSETS | $519M |
| PP&E (Net) | $170M |
| Goodwill | $516M |
| Intangible Assets | $102M |
| Long-Term Investments | $996.0K |
| Tax Assets | $31M |
| Other Non-Current Assets | $15M |
| TOTAL NON-CURRENT ASSETS | $835M |
| TOTAL ASSETS | $1.4B |
| Account Payables | $15M |
| Short-Term Debt | $16M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $87M |
| TOTAL CURRENT LIABILITIES | $122M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $11M |
| Other Non-Current Liabilities | $6M |
| TOTAL NON-CURRENT LIABILITIES | $101M |
| TOTAL LIABILITIES | $223M |
| Common Stock | $177.0K |
| Additional Paid-In Capital | $1.1B |
| Retained Earnings | $306M |
| Treasury Stock | -$248M |
| Accum. Other Comp. Income | $13M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.1B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.1B |
| TOTAL LIABILITIES & EQUITY | $1.4B |
| Total Debt | $100M |
| Net Debt | -$159M |
