| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $270M | $276M | $256M | -2.0% | 5.7% |
| Op. Income | $67M | $76M | $61M | -11.6% | 10.4% |
| Gross Margin | 54.4% | 56.0% | 55.2% | -1.5pp | -0.8pp |
| Net Margin | 19.2% | 21.3% | 18.8% | -2.0pp | 0.4pp |
| EPS (Diluted) | $0.86 | $0.96 | $0.77 | -10.4% | 11.7% |
| Free Cash Flow | $142M | $87M | $102M | 63.3% | 40.2% |
| Item | Amount |
|---|---|
| REVENUE | $270M |
| Cost of Revenue | $123M |
| GROSS PROFIT | $147M |
| R&D Expenses | $39M |
| Selling & Marketing | $22M |
| General & Administrative | $19M |
| SG&A Expenses | $42M |
| Other Expenses | $0 |
| Operating Expenses | $80M |
| Cost & Expenses | $203M |
| OPERATING INCOME | $67M |
| Interest Income | $1M |
| Interest Expense | $0 |
| Other Income/Expenses | $1M |
| INCOME BEFORE TAX | $68M |
| Income Tax Expense | $16M |
| Net Income from Continuing Ops | $52M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $52M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $52M |
| D&A | $2M |
| EBIT | $68M |
| EBITDA | $70M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $270M |
| Cost of Revenue | $123M |
| GROSS PROFIT | $147M |
| R&D Expenses | $39M |
| Selling & Marketing | $22M |
| General & Administrative | $19M |
| SG&A Expenses | $42M |
| Other Expenses | $0 |
| Operating Expenses | $80M |
| Cost & Expenses | $203M |
| OPERATING INCOME | $67M |
| Interest Income | $1M |
| Interest Expense | $0 |
| Other Income/Expenses | $1M |
| INCOME BEFORE TAX | $68M |
| Income Tax Expense | $16M |
| Net Income from Continuing Ops | $52M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $52M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $52M |
| D&A | $2M |
| EBIT | $68M |
| EBITDA | $70M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $52M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $396.0K |
| Other Non-Cash Items | $30M |
| Change in Working Capital | $63M |
| OPERATING CASH FLOW | $147M |
| Capital Expenditure | -$5M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$5M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$77M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$77M |
| FREE CASH FLOW | $142M |
| Net Change in Cash | $65M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $329M |
| Short-Term Investments | $0 |
| Net Receivables | $215M |
| Inventory | $0 |
| Other Current Assets | $40M |
| TOTAL CURRENT ASSETS | $583M |
| PP&E (Net) | $74M |
| Goodwill | $62M |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $76M |
| Other Non-Current Assets | $44M |
| TOTAL NON-CURRENT ASSETS | $256M |
| TOTAL ASSETS | $839M |
| Account Payables | $22M |
| Short-Term Debt | $0 |
| Deferred Revenue | $337M |
| Other Current Liabilities | $27M |
| TOTAL CURRENT LIABILITIES | $456M |
| Long-Term Debt | $56M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | -$44M |
| TOTAL NON-CURRENT LIABILITIES | $69M |
| TOTAL LIABILITIES | $525M |
| Common Stock | $598.0K |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $345M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$31M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $315M |
| Minority Interest | $0 |
| TOTAL EQUITY | $315M |
| TOTAL LIABILITIES & EQUITY | $839M |
| Total Debt | $112M |
| Net Debt | -$216M |
