| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $350M | $311M | $270M | 12.6% | 29.6% |
| Op. Income | -$2M | -$11M | -$35M | 83.0% | 94.7% |
| Gross Margin | 72.2% | 75.5% | 73.4% | -3.3pp | -1.3pp |
| Net Margin | 2.0% | -0.1% | -10.0% | 2.1pp | 12.0pp |
| EPS (Diluted) | $0.02 | $-0.00 | $-0.10 | 1735.7% | 122.9% |
| Free Cash Flow | $87M | $47M | $54M | 85.8% | 60.6% |
| Item | Amount |
|---|---|
| REVENUE | $350M |
| Cost of Revenue | $97M |
| GROSS PROFIT | $253M |
| R&D Expenses | $77M |
| Selling & Marketing | $128M |
| General & Administrative | $49M |
| SG&A Expenses | $178M |
| Other Expenses | $0 |
| Operating Expenses | $255M |
| Cost & Expenses | $352M |
| OPERATING INCOME | -$2M |
| Interest Income | $10M |
| Interest Expense | $0 |
| Other Income/Expenses | $10M |
| INCOME BEFORE TAX | $8M |
| Income Tax Expense | $704.0K |
| Net Income from Continuing Ops | $7M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $7M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $7M |
| D&A | $6M |
| EBIT | -$2M |
| EBITDA | $4M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $7M |
| Depreciation & Amortization | $6M |
| Stock-Based Compensation | $38M |
| Deferred Income Tax | -$2M |
| Other Non-Cash Items | $28M |
| Change in Working Capital | $16M |
| OPERATING CASH FLOW | $93M |
| Capital Expenditure | -$6M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$3M |
| NET CASH FROM INVESTING | -$6M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$5M |
| NET CASH FROM FINANCING | -$3M |
| FREE CASH FLOW | $87M |
| Net Change in Cash | $85M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.1B |
| Short-Term Investments | $0 |
| Net Receivables | $61M |
| Inventory | $0 |
| Other Current Assets | $80M |
| TOTAL CURRENT ASSETS | $1.2B |
| PP&E (Net) | $181M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $193M |
| TOTAL NON-CURRENT ASSETS | $375M |
| TOTAL ASSETS | $1.6B |
| Account Payables | $29M |
| Short-Term Debt | $25M |
| Deferred Revenue | $103M |
| Other Current Liabilities | $125M |
| TOTAL CURRENT LIABILITIES | $282M |
| Long-Term Debt | $96M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $6M |
| TOTAL NON-CURRENT LIABILITIES | $102M |
| TOTAL LIABILITIES | $384M |
| Common Stock | $144.0K |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$877M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $2.1B |
| TOTAL STOCKHOLDERS' EQUITY | $1.2B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.2B |
| TOTAL LIABILITIES & EQUITY | $1.6B |
| Total Debt | $121M |
| Net Debt | -$944M |
