| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $646M | $590M | $989M | 9.5% | -34.7% |
| Op. Income | $94M | -$20M | $51M | 561.2% | 85.9% |
| Gross Margin | 65.0% | 64.8% | 73.4% | 0.1pp | -8.5pp |
| Net Margin | -11.9% | -3.7% | -20.1% | -8.2pp | 8.2pp |
| EPS (Diluted) | $-0.99 | $-0.27 | $-2.39 | -266.7% | 58.6% |
| Free Cash Flow | $34M | $25M | $92M | 35.0% | -62.9% |
| Item | Amount |
|---|---|
| REVENUE | $646M |
| Cost of Revenue | $226M |
| GROSS PROFIT | $420M |
| R&D Expenses | $46M |
| Selling & Marketing | $173M |
| General & Administrative | $106M |
| SG&A Expenses | $279M |
| Other Expenses | $0 |
| Operating Expenses | $326M |
| Cost & Expenses | $552M |
| OPERATING INCOME | $94M |
| Interest Income | $0 |
| Interest Expense | $27M |
| Other Income/Expenses | -$92M |
| INCOME BEFORE TAX | $3M |
| Income Tax Expense | $78M |
| Net Income from Continuing Ops | -$76M |
| Net Income from Discontinued Ops | -$26.0K |
| Other Adjustments | $0 |
| NET INCOME | -$77M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$77M |
| D&A | $31M |
| EBIT | $29M |
| EBITDA | $61M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$77M |
| Depreciation & Amortization | $31M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $179M |
| Change in Working Capital | -$94M |
| OPERATING CASH FLOW | $39M |
| Capital Expenditure | -$5M |
| Acquisitions (Net) | -$40M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $24M |
| NET CASH FROM INVESTING | -$21M |
| Net Debt Issuance | $9M |
| Common Stock Repurchased | -$15M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$11M |
| NET CASH FROM FINANCING | -$18M |
| FREE CASH FLOW | $34M |
| Net Change in Cash | -$48M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $960M |
| Short-Term Investments | $0 |
| Net Receivables | $449M |
| Inventory | $0 |
| Other Current Assets | $136M |
| TOTAL CURRENT ASSETS | $1.5B |
| PP&E (Net) | $0 |
| Goodwill | $1.8B |
| Intangible Assets | $466M |
| Long-Term Investments | $2.8B |
| Tax Assets | $0 |
| Other Non-Current Assets | $518M |
| TOTAL NON-CURRENT ASSETS | $5.6B |
| TOTAL ASSETS | $7.1B |
| Account Payables | $38M |
| Short-Term Debt | $25M |
| Deferred Revenue | $50M |
| Other Current Liabilities | $449M |
| TOTAL CURRENT LIABILITIES | $561M |
| Long-Term Debt | $1.4B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $149M |
| Other Non-Current Liabilities | $231M |
| TOTAL NON-CURRENT LIABILITIES | $1.8B |
| TOTAL LIABILITIES | $2.3B |
| Common Stock | $9.0K |
| Additional Paid-In Capital | $6.0B |
| Retained Earnings | -$643M |
| Treasury Stock | -$571M |
| Accum. Other Comp. Income | -$12M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $4.7B |
| Minority Interest | $55M |
| TOTAL EQUITY | $4.8B |
| TOTAL LIABILITIES & EQUITY | $7.1B |
| Total Debt | $1.4B |
| Net Debt | $466M |
