| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $94M | $99M | $98M | -5.1% | -3.4% |
| Op. Income | $33M | $57M | $51M | -42.0% | -35.2% |
| Gross Margin | 77.7% | 87.8% | 81.6% | -10.1pp | -3.9pp |
| Net Margin | 20.7% | 18.0% | 18.7% | 2.7pp | 2.0pp |
| EPS (Diluted) | $0.65 | $0.67 | $0.69 | -3.0% | -5.8% |
| Free Cash Flow | $428M | $8M | $900.0K | 5537.6% | 47449.7% |
| Item | Amount |
|---|---|
| REVENUE | $94M |
| Cost of Revenue | $21M |
| GROSS PROFIT | $73M |
| R&D Expenses | $0 |
| Selling & Marketing | $20M |
| General & Administrative | $11M |
| SG&A Expenses | $32M |
| Other Expenses | $9M |
| Operating Expenses | $40M |
| Cost & Expenses | $62M |
| OPERATING INCOME | $33M |
| Interest Income | $0 |
| Interest Expense | $21M |
| Other Income/Expenses | -$8M |
| INCOME BEFORE TAX | $24M |
| Income Tax Expense | $5M |
| Net Income from Continuing Ops | $20M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $20M |
| Net Income Deductions | -$1M |
| BOTTOM LINE NET INCOME | $20M |
| D&A | $119.0K |
| EBIT | $33M |
| EBITDA | $33M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $94M |
| Cost of Revenue | $21M |
| GROSS PROFIT | $73M |
| R&D Expenses | $0 |
| Selling & Marketing | $20M |
| General & Administrative | $11M |
| SG&A Expenses | $32M |
| Other Expenses | $9M |
| Operating Expenses | $40M |
| Cost & Expenses | $62M |
| OPERATING INCOME | $33M |
| Interest Income | $0 |
| Interest Expense | $21M |
| Other Income/Expenses | -$8M |
| INCOME BEFORE TAX | $24M |
| Income Tax Expense | $5M |
| Net Income from Continuing Ops | $20M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $20M |
| Net Income Deductions | -$1M |
| BOTTOM LINE NET INCOME | $20M |
| D&A | $119.0K |
| EBIT | $33M |
| EBITDA | $33M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $20M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $368M |
| Change in Working Capital | $40M |
| OPERATING CASH FLOW | $428M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$188M |
| NET CASH FROM INVESTING | -$188M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$2M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $157M |
| NET CASH FROM FINANCING | $145M |
| FREE CASH FLOW | $428M |
| Net Change in Cash | -$217M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $310M |
| Short-Term Investments | $0 |
| Net Receivables | $438.0K |
| Inventory | $0 |
| Other Current Assets | -$311M |
| TOTAL CURRENT ASSETS | $0 |
| PP&E (Net) | $3M |
| Goodwill | $0 |
| Intangible Assets | $60M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | -$62M |
| TOTAL NON-CURRENT ASSETS | $0 |
| TOTAL ASSETS | $2.7B |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $95M |
| TOTAL CURRENT LIABILITIES | $95M |
| Long-Term Debt | $2.2B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $11M |
| Other Non-Current Liabilities | -$2.3B |
| TOTAL NON-CURRENT LIABILITIES | $0 |
| TOTAL LIABILITIES | $2.3B |
| Common Stock | $573.0K |
| Additional Paid-In Capital | $254M |
| Retained Earnings | $95M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$4.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $398M |
| Minority Interest | $0 |
| TOTAL EQUITY | $398M |
| TOTAL LIABILITIES & EQUITY | $2.7B |
| Total Debt | $2.2B |
| Net Debt | $1.9B |
