| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $308M | $261M | $293M | 18.0% | 5.3% |
| Op. Income | $108M | $55M | $100M | 95.0% | 8.0% |
| Gross Margin | 55.9% | 49.7% | 56.1% | 6.2pp | -0.2pp |
| Net Margin | 28.1% | 6.2% | 28.0% | 21.9pp | 0.2pp |
| EPS (Diluted) | $3.14 | $0.58 | $2.84 | 441.4% | 10.6% |
| Free Cash Flow | $123M | -$58M | $126M | 310.8% | -2.4% |
| Item | Amount |
|---|---|
| REVENUE | $308M |
| Cost of Revenue | $136M |
| GROSS PROFIT | $172M |
| R&D Expenses | $0 |
| Selling & Marketing | $54M |
| General & Administrative | $10M |
| SG&A Expenses | $64M |
| Other Expenses | $0 |
| Operating Expenses | $64M |
| Cost & Expenses | $200M |
| OPERATING INCOME | $108M |
| Interest Income | $4M |
| Interest Expense | $0 |
| Other Income/Expenses | $4M |
| INCOME BEFORE TAX | $112M |
| Income Tax Expense | $25M |
| Net Income from Continuing Ops | $87M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $87M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $87M |
| D&A | $10M |
| EBIT | $108M |
| EBITDA | $118M |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| REVENUE | $308M |
| Cost of Revenue | $136M |
| GROSS PROFIT | $172M |
| R&D Expenses | $0 |
| Selling & Marketing | $54M |
| General & Administrative | $10M |
| SG&A Expenses | $64M |
| Other Expenses | $0 |
| Operating Expenses | $64M |
| Cost & Expenses | $200M |
| OPERATING INCOME | $108M |
| Interest Income | $4M |
| Interest Expense | $0 |
| Other Income/Expenses | $4M |
| INCOME BEFORE TAX | $112M |
| Income Tax Expense | $25M |
| Net Income from Continuing Ops | $87M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $87M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $87M |
| D&A | $10M |
| EBIT | $108M |
| EBITDA | $118M |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| Net Income | $87M |
| Depreciation & Amortization | $10M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $1M |
| Other Non-Cash Items | -$31M |
| Change in Working Capital | $64M |
| OPERATING CASH FLOW | $130M |
| Capital Expenditure | -$8M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$17M |
| Sales/Maturities of Investments | $9M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$16M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$100M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$100M |
| FREE CASH FLOW | $123M |
| Net Change in Cash | $14M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $112M |
| Short-Term Investments | $188M |
| Net Receivables | $87M |
| Inventory | $0 |
| Other Current Assets | $13M |
| TOTAL CURRENT ASSETS | $400M |
| PP&E (Net) | $276M |
| Goodwill | $161M |
| Intangible Assets | $152M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $4M |
| TOTAL NON-CURRENT ASSETS | $592M |
| TOTAL ASSETS | $992M |
| Account Payables | $24M |
| Short-Term Debt | $15M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $67M |
| TOTAL CURRENT LIABILITIES | $110M |
| Long-Term Debt | $93M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $41M |
| Other Non-Current Liabilities | -$91M |
| TOTAL NON-CURRENT LIABILITIES | $136M |
| TOTAL LIABILITIES | $245M |
| Common Stock | $542.0K |
| Additional Paid-In Capital | $350M |
| Retained Earnings | $2.7B |
| Treasury Stock | -$2.3B |
| Accum. Other Comp. Income | $511.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $747M |
| Minority Interest | $0 |
| TOTAL EQUITY | $747M |
| TOTAL LIABILITIES & EQUITY | $992M |
| Total Debt | $200M |
| Net Debt | $88M |
