| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $190M | $190M | $162M | 0.1% | 17.7% |
| Op. Income | $14M | $6M | $13M | 114.8% | 6.4% |
| Gross Margin | 67.6% | 67.3% | 67.0% | 0.3pp | 0.6pp |
| Net Margin | 3.2% | 2.4% | 7.9% | 0.8pp | -4.8pp |
| EPS (Diluted) | $0.03 | $0.02 | $0.07 | 24.0% | -57.3% |
| Free Cash Flow | $28M | $47M | $36M | -40.4% | -22.0% |
| Item | Amount |
|---|---|
| REVENUE | $190M |
| Cost of Revenue | $62M |
| GROSS PROFIT | $129M |
| R&D Expenses | $19M |
| Selling & Marketing | $63M |
| General & Administrative | $33M |
| SG&A Expenses | $96M |
| Other Expenses | -$1M |
| Operating Expenses | $115M |
| Cost & Expenses | $176M |
| OPERATING INCOME | $14M |
| Interest Income | $2M |
| Interest Expense | $795.0K |
| Other Income/Expenses | $47.0K |
| INCOME BEFORE TAX | $14M |
| Income Tax Expense | $8M |
| Net Income from Continuing Ops | $6M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $6M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $6M |
| D&A | $12M |
| EBIT | $15M |
| EBITDA | $27M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $190M |
| Cost of Revenue | $62M |
| GROSS PROFIT | $129M |
| R&D Expenses | $19M |
| Selling & Marketing | $63M |
| General & Administrative | $33M |
| SG&A Expenses | $96M |
| Other Expenses | -$1M |
| Operating Expenses | $115M |
| Cost & Expenses | $176M |
| OPERATING INCOME | $14M |
| Interest Income | $2M |
| Interest Expense | $795.0K |
| Other Income/Expenses | $47.0K |
| INCOME BEFORE TAX | $14M |
| Income Tax Expense | $8M |
| Net Income from Continuing Ops | $6M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $6M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $6M |
| D&A | $12M |
| EBIT | $15M |
| EBITDA | $27M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $6M |
| Depreciation & Amortization | $12M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $1M |
| Other Non-Cash Items | $25M |
| Change in Working Capital | -$10M |
| OPERATING CASH FLOW | $34M |
| Capital Expenditure | -$6M |
| Acquisitions (Net) | -$37M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $110.0K |
| Other Investing Activities | $37M |
| NET CASH FROM INVESTING | -$6M |
| Net Debt Issuance | $2.0K |
| Common Stock Repurchased | -$42M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$22M |
| NET CASH FROM FINANCING | -$62M |
| FREE CASH FLOW | $28M |
| Net Change in Cash | -$34M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $203M |
| Short-Term Investments | $0 |
| Net Receivables | $24M |
| Inventory | $0 |
| Other Current Assets | $2M |
| TOTAL CURRENT ASSETS | $240M |
| PP&E (Net) | $71M |
| Goodwill | $141M |
| Intangible Assets | $18M |
| Long-Term Investments | $0 |
| Tax Assets | $51M |
| Other Non-Current Assets | $10M |
| TOTAL NON-CURRENT ASSETS | $291M |
| TOTAL ASSETS | $531M |
| Account Payables | $27M |
| Short-Term Debt | $4M |
| Deferred Revenue | $204M |
| Other Current Liabilities | $51M |
| TOTAL CURRENT LIABILITIES | $319M |
| Long-Term Debt | $10M |
| Deferred Revenue NC | $277.0K |
| Deferred Tax Liabilities | $19M |
| Other Non-Current Liabilities | $794.0K |
| TOTAL NON-CURRENT LIABILITIES | $41M |
| TOTAL LIABILITIES | $359M |
| Common Stock | $179.0K |
| Additional Paid-In Capital | $1.3B |
| Retained Earnings | -$1.1B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $181.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $172M |
| Minority Interest | $0 |
| TOTAL EQUITY | $172M |
| TOTAL LIABILITIES & EQUITY | $531M |
| Total Debt | $24M |
| Net Debt | -$179M |
