| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $253M | $280M | $230M | -9.5% | 10.1% |
| Op. Income | -$580M | -$34M | -$41M | -1606.1% | -1305.1% |
| Gross Margin | 44.1% | 41.4% | 43.3% | 2.8pp | 0.8pp |
| Net Margin | -227.3% | -9.5% | -14.1% | -217.8pp | -213.1pp |
| EPS (Diluted) | $-3.77 | $-0.17 | $-0.21 | -2117.6% | -1695.2% |
| Free Cash Flow | -$17M | -$3M | -$35M | -398.3% | 51.3% |
| Item | Amount |
|---|---|
| REVENUE | $253M |
| Cost of Revenue | $142M |
| GROSS PROFIT | $112M |
| R&D Expenses | $30M |
| Selling & Marketing | $58M |
| General & Administrative | $23M |
| SG&A Expenses | $81M |
| Other Expenses | $581M |
| Operating Expenses | $692M |
| Cost & Expenses | $833M |
| OPERATING INCOME | -$580M |
| Interest Income | $9M |
| Interest Expense | $415.0K |
| Other Income/Expenses | $8M |
| INCOME BEFORE TAX | -$572M |
| Income Tax Expense | $4M |
| Net Income from Continuing Ops | -$576M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$576M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$576M |
| D&A | $24M |
| EBIT | -$571M |
| EBITDA | -$548M |
| EPS | -$4 |
| EPS Diluted | -$4 |
| Item | Amount |
|---|---|
| Net Income | -$576M |
| Depreciation & Amortization | $24M |
| Stock-Based Compensation | $13M |
| Deferred Income Tax | $154.0K |
| Other Non-Cash Items | $548M |
| Change in Working Capital | -$18M |
| OPERATING CASH FLOW | -$10M |
| Capital Expenditure | -$7M |
| Acquisitions (Net) | -$700.0K |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $2M |
| NET CASH FROM INVESTING | $445.0K |
| Net Debt Issuance | -$2M |
| Common Stock Repurchased | -$92M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $267.0K |
| NET CASH FROM FINANCING | -$94M |
| FREE CASH FLOW | -$17M |
| Net Change in Cash | -$103M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $558M |
| Short-Term Investments | $0 |
| Net Receivables | $70M |
| Inventory | $15M |
| Other Current Assets | $19M |
| TOTAL CURRENT ASSETS | $798M |
| PP&E (Net) | $30M |
| Goodwill | $798M |
| Intangible Assets | $160M |
| Long-Term Investments | $16M |
| Tax Assets | $298.0K |
| Other Non-Current Assets | $24M |
| TOTAL NON-CURRENT ASSETS | $1.0B |
| TOTAL ASSETS | $1.8B |
| Account Payables | $34M |
| Short-Term Debt | $0 |
| Deferred Revenue | $69M |
| Other Current Liabilities | $26M |
| TOTAL CURRENT LIABILITIES | $149M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $1M |
| Deferred Tax Liabilities | $284.0K |
| Other Non-Current Liabilities | $562.0K |
| TOTAL NON-CURRENT LIABILITIES | $13M |
| TOTAL LIABILITIES | $162M |
| Common Stock | $4.2B |
| Additional Paid-In Capital | $201M |
| Retained Earnings | -$2.7B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$7M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.7B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.7B |
| TOTAL LIABILITIES & EQUITY | $1.8B |
| Total Debt | $17M |
| Net Debt | -$541M |
