| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $60M | $155M | $165M | -61.1% | -63.4% |
| Op. Income | -$64M | $11M | $25M | -708.1% | -359.4% |
| Gross Margin | -179.0% | 36.3% | 31.8% | -215.3pp | -210.8pp |
| Net Margin | 14.8% | 3.2% | 9.3% | 11.6pp | 5.5pp |
| EPS (Diluted) | $0.30 | $0.17 | $0.49 | 76.5% | -38.8% |
| Free Cash Flow | $87M | -$36M | -$9M | 345.7% | 1090.1% |
| Item | Amount |
|---|---|
| REVENUE | $60M |
| Cost of Revenue | $168M |
| GROSS PROFIT | -$108M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | -$76M |
| SG&A Expenses | -$25M |
| Other Expenses | -$19M |
| Operating Expenses | -$44M |
| Cost & Expenses | $124M |
| OPERATING INCOME | -$64M |
| Interest Income | $0 |
| Interest Expense | $3M |
| Other Income/Expenses | $76M |
| INCOME BEFORE TAX | $12M |
| Income Tax Expense | $3M |
| Net Income from Continuing Ops | $9M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $9M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $9M |
| D&A | $5M |
| EBIT | -$64M |
| EBITDA | -$59M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $9M |
| Depreciation & Amortization | $5M |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | -$1M |
| Other Non-Cash Items | $15M |
| Change in Working Capital | -$45M |
| OPERATING CASH FLOW | $107M |
| Capital Expenditure | -$20M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $15M |
| NET CASH FROM INVESTING | -$5M |
| Net Debt Issuance | $37M |
| Common Stock Repurchased | -$21M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$23.0K |
| NET CASH FROM FINANCING | $37M |
| FREE CASH FLOW | $87M |
| Net Change in Cash | $17M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $169M |
| Short-Term Investments | $0 |
| Net Receivables | $107M |
| Inventory | $0 |
| Other Current Assets | $77M |
| TOTAL CURRENT ASSETS | $353M |
| PP&E (Net) | $57M |
| Goodwill | $54M |
| Intangible Assets | $25M |
| Long-Term Investments | $3M |
| Tax Assets | $0 |
| Other Non-Current Assets | $25M |
| TOTAL NON-CURRENT ASSETS | $165M |
| TOTAL ASSETS | $518M |
| Account Payables | $15M |
| Short-Term Debt | $6M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $117M |
| TOTAL CURRENT LIABILITIES | $141M |
| Long-Term Debt | $195M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $5M |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $216M |
| TOTAL LIABILITIES | $357M |
| Common Stock | $4.0K |
| Additional Paid-In Capital | $88M |
| Retained Earnings | $290M |
| Treasury Stock | -$217M |
| Accum. Other Comp. Income | $104.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $161M |
| Minority Interest | $0 |
| TOTAL EQUITY | $161M |
| TOTAL LIABILITIES & EQUITY | $518M |
| Total Debt | $217M |
| Net Debt | $48M |
