| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $363M | $333M | $296M | 9.1% | 22.6% |
| Op. Income | $40M | $41M | $28M | -0.6% | 45.7% |
| Gross Margin | 22.9% | 23.2% | 22.0% | -0.3pp | 0.9pp |
| Net Margin | 10.6% | 11.2% | 10.5% | -0.6pp | 0.1pp |
| EPS (Diluted) | $1.01 | $0.99 | $0.76 | 2.0% | 32.9% |
| Free Cash Flow | $62M | $77M | $67M | -20.0% | -7.9% |
| Item | Amount |
|---|---|
| REVENUE | $363M |
| Cost of Revenue | $280M |
| GROSS PROFIT | $83M |
| R&D Expenses | $3M |
| Selling & Marketing | $41M |
| General & Administrative | $308.0K |
| SG&A Expenses | $42M |
| Other Expenses | -$2M |
| Operating Expenses | $43M |
| Cost & Expenses | $322M |
| OPERATING INCOME | $40M |
| Interest Income | $3M |
| Interest Expense | $326.0K |
| Other Income/Expenses | $3M |
| INCOME BEFORE TAX | $44M |
| Income Tax Expense | $5M |
| Net Income from Continuing Ops | $38M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $38M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $38M |
| D&A | $2M |
| EBIT | $44M |
| EBITDA | $46M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $363M |
| Cost of Revenue | $280M |
| GROSS PROFIT | $83M |
| R&D Expenses | $3M |
| Selling & Marketing | $41M |
| General & Administrative | $308.0K |
| SG&A Expenses | $42M |
| Other Expenses | -$2M |
| Operating Expenses | $43M |
| Cost & Expenses | $322M |
| OPERATING INCOME | $40M |
| Interest Income | $3M |
| Interest Expense | $326.0K |
| Other Income/Expenses | $3M |
| INCOME BEFORE TAX | $44M |
| Income Tax Expense | $5M |
| Net Income from Continuing Ops | $38M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $38M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $38M |
| D&A | $2M |
| EBIT | $44M |
| EBITDA | $46M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $38M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $349.0K |
| Deferred Income Tax | -$3M |
| Other Non-Cash Items | $2M |
| Change in Working Capital | $24M |
| OPERATING CASH FLOW | $64M |
| Capital Expenditure | -$3M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$10M |
| Sales/Maturities of Investments | $5M |
| Other Investing Activities | -$940.0K |
| NET CASH FROM INVESTING | -$9M |
| Net Debt Issuance | $284.0K |
| Common Stock Repurchased | $57M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$68M |
| NET CASH FROM FINANCING | -$10M |
| FREE CASH FLOW | $62M |
| Net Change in Cash | $45M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $380M |
| Short-Term Investments | $36M |
| Net Receivables | $66M |
| Inventory | $188M |
| Other Current Assets | $20M |
| TOTAL CURRENT ASSETS | $691M |
| PP&E (Net) | $464M |
| Goodwill | $13M |
| Intangible Assets | $5M |
| Long-Term Investments | $0 |
| Tax Assets | $13M |
| Other Non-Current Assets | $18M |
| TOTAL NON-CURRENT ASSETS | $512M |
| TOTAL ASSETS | $1.2B |
| Account Payables | $105M |
| Short-Term Debt | $100M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $137M |
| TOTAL CURRENT LIABILITIES | $342M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $797.0K |
| Other Non-Current Liabilities | $5M |
| TOTAL NON-CURRENT LIABILITIES | $374M |
| TOTAL LIABILITIES | $717M |
| Common Stock | $2M |
| Additional Paid-In Capital | $89M |
| Retained Earnings | $401M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $2M |
| Other Equity | -$7M |
| TOTAL STOCKHOLDERS' EQUITY | $486M |
| Minority Interest | $0 |
| TOTAL EQUITY | $486M |
| TOTAL LIABILITIES & EQUITY | $1.2B |
| Total Debt | $469M |
| Net Debt | $90M |
