| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $158M | $200M | $118M | -21.3% | 34.0% |
| Op. Income | -$965.0K | $32M | -$6M | -103.0% | 83.3% |
| Gross Margin | 59.6% | 63.9% | 64.8% | -4.2pp | -5.2pp |
| Net Margin | 0.0% | 14.8% | -13.5% | -14.8pp | 13.5pp |
| EPS (Diluted) | $0.00 | $0.23 | $-0.13 | -99.9% | 100.2% |
| Free Cash Flow | $4M | $150M | -$42M | -97.0% | 110.6% |
| Item | Amount |
|---|---|
| REVENUE | $158M |
| Cost of Revenue | $64M |
| GROSS PROFIT | $94M |
| R&D Expenses | $19M |
| Selling & Marketing | $40M |
| General & Administrative | $38M |
| SG&A Expenses | $78M |
| Other Expenses | -$2M |
| Operating Expenses | $95M |
| Cost & Expenses | $159M |
| OPERATING INCOME | -$965.0K |
| Interest Income | $2.1B |
| Interest Expense | $185M |
| Other Income/Expenses | $1M |
| INCOME BEFORE TAX | $311.0K |
| Income Tax Expense | $278.0K |
| Net Income from Continuing Ops | $33.0K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $33.0K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $33.0K |
| D&A | $11M |
| EBIT | $185M |
| EBITDA | $196M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $33.0K |
| Depreciation & Amortization | $8M |
| Stock-Based Compensation | -$53M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $65M |
| Change in Working Capital | -$14M |
| OPERATING CASH FLOW | $5M |
| Capital Expenditure | -$390.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$3M |
| NET CASH FROM INVESTING | -$3M |
| Net Debt Issuance | -$15M |
| Common Stock Repurchased | -$11M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $1M |
| NET CASH FROM FINANCING | -$25M |
| FREE CASH FLOW | $4M |
| Net Change in Cash | -$25M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $330M |
| Short-Term Investments | $25M |
| Net Receivables | $211M |
| Inventory | $0 |
| Other Current Assets | $37M |
| TOTAL CURRENT ASSETS | $602M |
| PP&E (Net) | $22M |
| Goodwill | $407M |
| Intangible Assets | $189M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $33M |
| TOTAL NON-CURRENT ASSETS | $651M |
| TOTAL ASSETS | $1.3B |
| Account Payables | $326M |
| Short-Term Debt | $0 |
| Deferred Revenue | $20M |
| Other Current Liabilities | $56M |
| TOTAL CURRENT LIABILITIES | $402M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $13M |
| Other Non-Current Liabilities | $3M |
| TOTAL NON-CURRENT LIABILITIES | $16M |
| TOTAL LIABILITIES | $418M |
| Common Stock | $13.0K |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$157M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $2M |
| Other Equity | $990M |
| TOTAL STOCKHOLDERS' EQUITY | $835M |
| Minority Interest | $0 |
| TOTAL EQUITY | $835M |
| TOTAL LIABILITIES & EQUITY | $1.3B |
| Total Debt | $0 |
| Net Debt | -$330M |
