| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $171M | $154M | $117M | 10.7% | 45.6% |
| Op. Income | $27M | -$6M | $21M | 547.3% | 27.8% |
| Gross Margin | 84.4% | 81.8% | 81.9% | 2.5pp | 2.4pp |
| Net Margin | 18.8% | -1.2% | 23.1% | 20.0pp | -4.3pp |
| EPS (Diluted) | $0.37 | $-0.02 | $0.35 | 1681.2% | 5.7% |
| Free Cash Flow | $63M | $81M | $37M | -21.9% | 70.2% |
| Item | Amount |
|---|---|
| REVENUE | $171M |
| Cost of Revenue | $27M |
| GROSS PROFIT | $144M |
| R&D Expenses | $33M |
| Selling & Marketing | $59M |
| General & Administrative | $25M |
| SG&A Expenses | $84M |
| Other Expenses | $0 |
| Operating Expenses | $117M |
| Cost & Expenses | $143M |
| OPERATING INCOME | $27M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $5M |
| INCOME BEFORE TAX | $32M |
| Income Tax Expense | $122.0K |
| Net Income from Continuing Ops | $32M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $32M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $31M |
| D&A | $1M |
| EBIT | $27M |
| EBITDA | $28M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $171M |
| Cost of Revenue | $27M |
| GROSS PROFIT | $144M |
| R&D Expenses | $33M |
| Selling & Marketing | $59M |
| General & Administrative | $25M |
| SG&A Expenses | $84M |
| Other Expenses | $0 |
| Operating Expenses | $117M |
| Cost & Expenses | $143M |
| OPERATING INCOME | $27M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $5M |
| INCOME BEFORE TAX | $32M |
| Income Tax Expense | $122.0K |
| Net Income from Continuing Ops | $32M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $32M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $31M |
| D&A | $1M |
| EBIT | $27M |
| EBITDA | $28M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $32M |
| Depreciation & Amortization | $1M |
| Stock-Based Compensation | $17M |
| Deferred Income Tax | -$93.0K |
| Other Non-Cash Items | $15M |
| Change in Working Capital | -$1M |
| OPERATING CASH FLOW | $64M |
| Capital Expenditure | -$408.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$154M |
| Sales/Maturities of Investments | $119M |
| Other Investing Activities | -$2M |
| NET CASH FROM INVESTING | -$38M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$65M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$23M |
| NET CASH FROM FINANCING | -$80M |
| FREE CASH FLOW | $63M |
| Net Change in Cash | -$53M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $208M |
| Short-Term Investments | $156M |
| Net Receivables | $66M |
| Inventory | $16M |
| Other Current Assets | $88M |
| TOTAL CURRENT ASSETS | $534M |
| PP&E (Net) | $17M |
| Goodwill | $64M |
| Intangible Assets | $3M |
| Long-Term Investments | $113M |
| Tax Assets | $0 |
| Other Non-Current Assets | $14M |
| TOTAL NON-CURRENT ASSETS | $211M |
| TOTAL ASSETS | $745M |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $301M |
| Other Current Liabilities | $11M |
| TOTAL CURRENT LIABILITIES | $362M |
| Long-Term Debt | $4M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | -$4M |
| TOTAL NON-CURRENT LIABILITIES | $4M |
| TOTAL LIABILITIES | $366M |
| Common Stock | $0 |
| Additional Paid-In Capital | $1.2B |
| Retained Earnings | -$1.1B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$20.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $379M |
| Minority Interest | $0 |
| TOTAL EQUITY | $379M |
| TOTAL LIABILITIES & EQUITY | $745M |
| Total Debt | $8M |
| Net Debt | -$200M |
