| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $436M | $509M | $505M | -14.5% | -13.7% |
| Op. Income | $70M | $107M | $115M | -35.0% | -39.6% |
| Gross Margin | 72.0% | 78.3% | 78.9% | -6.3pp | -7.0pp |
| Net Margin | 14.0% | 17.9% | 19.7% | -3.9pp | -5.6pp |
| EPS (Diluted) | $0.23 | $0.34 | $0.38 | -30.4% | -38.5% |
| Item | Amount |
|---|---|
| REVENUE | $436M |
| Cost of Revenue | $122M |
| GROSS PROFIT | $314M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $244M |
| Operating Expenses | $244M |
| Cost & Expenses | $366M |
| OPERATING INCOME | $70M |
| Interest Income | $68M |
| Interest Expense | $0 |
| Other Income/Expenses | $3M |
| INCOME BEFORE TAX | $73M |
| Income Tax Expense | $13M |
| Net Income from Continuing Ops | $60M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | -$1 |
| NET INCOME | $61M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $61M |
| D&A | $0 |
| EBIT | $73M |
| EBITDA | $73M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $436M |
| Cost of Revenue | $122M |
| GROSS PROFIT | $314M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $244M |
| Operating Expenses | $244M |
| Cost & Expenses | $366M |
| OPERATING INCOME | $70M |
| Interest Income | $68M |
| Interest Expense | $0 |
| Other Income/Expenses | $3M |
| INCOME BEFORE TAX | $73M |
| Income Tax Expense | $13M |
| Net Income from Continuing Ops | $60M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | -$1 |
| NET INCOME | $61M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $61M |
| D&A | $0 |
| EBIT | $73M |
| EBITDA | $73M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Cash & Equivalents | $906M |
| Short-Term Investments | $441M |
| Net Receivables | $489M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $1.8B |
| PP&E (Net) | $101M |
| Goodwill | $0 |
| Intangible Assets | $51M |
| Long-Term Investments | $1.1B |
| Tax Assets | $437M |
| Other Non-Current Assets | $177M |
| TOTAL NON-CURRENT ASSETS | $1.9B |
| TOTAL ASSETS | $3.7B |
| Account Payables | $0 |
| Short-Term Debt | $25M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $25M |
| Long-Term Debt | $162M |
| Deferred Revenue NC | $164M |
| Deferred Tax Liabilities | $491M |
| Other Non-Current Liabilities | $404M |
| TOTAL NON-CURRENT LIABILITIES | $1.2B |
| TOTAL LIABILITIES | $1.3B |
| Common Stock | $15.1K |
| Additional Paid-In Capital | $864M |
| Retained Earnings | $1.8B |
| Treasury Stock | -$360M |
| Accum. Other Comp. Income | $154M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.4B |
| Minority Interest | $43M |
| TOTAL EQUITY | $2.5B |
| TOTAL LIABILITIES & EQUITY | $3.7B |
| Total Debt | $194M |
| Net Debt | -$713M |
