| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $85M | $90.0K | $1.0K | 94444.4% | 8508900.0% |
| Op. Income | $15M | -$61M | -$56M | 124.1% | 126.2% |
| Gross Margin | 97.7% | -52386.7% | -178300.0% | 52484.3pp | 178397.7pp |
| Net Margin | 22.8% | -63195.6% | -4967100.0% | 63218.4pp | 4967122.8pp |
| EPS (Diluted) | $0.34 | $-1.01 | $-0.90 | 133.7% | 137.8% |
| Free Cash Flow | $28M | -$46M | -$47M | 160.2% | 159.6% |
| Item | Amount |
|---|---|
| REVENUE | $85M |
| Cost of Revenue | $2M |
| GROSS PROFIT | $83M |
| R&D Expenses | $58M |
| Selling & Marketing | $0 |
| General & Administrative | $13M |
| SG&A Expenses | $13M |
| Other Expenses | -$2M |
| Operating Expenses | $68M |
| Cost & Expenses | $70M |
| OPERATING INCOME | $15M |
| Interest Income | $5M |
| Interest Expense | $0 |
| Other Income/Expenses | $5M |
| INCOME BEFORE TAX | $19M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | $19M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $19M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $19M |
| D&A | -$4M |
| EBIT | $10M |
| EBITDA | $6M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $85M |
| Cost of Revenue | $2M |
| GROSS PROFIT | $83M |
| R&D Expenses | $58M |
| Selling & Marketing | $0 |
| General & Administrative | $13M |
| SG&A Expenses | $13M |
| Other Expenses | -$2M |
| Operating Expenses | $68M |
| Cost & Expenses | $70M |
| OPERATING INCOME | $15M |
| Interest Income | $5M |
| Interest Expense | $0 |
| Other Income/Expenses | $5M |
| INCOME BEFORE TAX | $19M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | $19M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $19M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $19M |
| D&A | -$4M |
| EBIT | $10M |
| EBITDA | $6M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $19M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $6M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$1M |
| Change in Working Capital | $3M |
| OPERATING CASH FLOW | $29M |
| Capital Expenditure | -$631.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$178M |
| Sales/Maturities of Investments | $49M |
| Other Investing Activities | $767.0K |
| NET CASH FROM INVESTING | -$129M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $112M |
| FREE CASH FLOW | $28M |
| Net Change in Cash | $12M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $60M |
| Short-Term Investments | $342M |
| Net Receivables | $0 |
| Inventory | $0 |
| Other Current Assets | $10M |
| TOTAL CURRENT ASSETS | $413M |
| PP&E (Net) | $33M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $111M |
| Tax Assets | $0 |
| Other Non-Current Assets | $9M |
| TOTAL NON-CURRENT ASSETS | $154M |
| TOTAL ASSETS | $567M |
| Account Payables | $11M |
| Short-Term Debt | $6M |
| Deferred Revenue | $360.0K |
| Other Current Liabilities | $27M |
| TOTAL CURRENT LIABILITIES | $44M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $745.0K |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $496.0K |
| TOTAL NON-CURRENT LIABILITIES | $17M |
| TOTAL LIABILITIES | $61M |
| Common Stock | $6.0K |
| Additional Paid-In Capital | $1.2B |
| Retained Earnings | -$716M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $727.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $506M |
| Minority Interest | $0 |
| TOTAL EQUITY | $506M |
| TOTAL LIABILITIES & EQUITY | $567M |
| Total Debt | $21M |
| Net Debt | -$39M |
