| Metric | Q1 2026 | Q4 2025 | Q1 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $187M | $205M | $175M | -8.9% | 7.0% |
| Op. Income | -$7M | $20M | -$463M | -133.0% | 98.6% |
| Gross Margin | 76.7% | 77.7% | 74.6% | -1.0pp | 2.2pp |
| Net Margin | -2.0% | 9.1% | -254.0% | -11.1pp | 252.0pp |
| EPS (Diluted) | $-0.05 | $0.25 | $-6.20 | -120.5% | 99.2% |
| Free Cash Flow | $72M | $140M | $37M | -48.8% | 92.9% |
| Item | Amount |
|---|---|
| REVENUE | $187M |
| Cost of Revenue | $43M |
| GROSS PROFIT | $143M |
| R&D Expenses | $40M |
| Selling & Marketing | $71M |
| General & Administrative | $28M |
| SG&A Expenses | $98M |
| Other Expenses | $12M |
| Operating Expenses | $150M |
| Cost & Expenses | $193M |
| OPERATING INCOME | -$7M |
| Interest Income | $3M |
| Interest Expense | $415.0K |
| Other Income/Expenses | $4M |
| INCOME BEFORE TAX | -$3M |
| Income Tax Expense | $851.0K |
| Net Income from Continuing Ops | -$4M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$4M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$4M |
| D&A | $17M |
| EBIT | -$2M |
| EBITDA | $15M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$4M |
| Depreciation & Amortization | $17M |
| Stock-Based Compensation | $20M |
| Deferred Income Tax | -$6M |
| Other Non-Cash Items | -$2M |
| Change in Working Capital | $49M |
| OPERATING CASH FLOW | $74M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$29M |
| Sales/Maturities of Investments | $14M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$17M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$15M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$14M |
| NET CASH FROM FINANCING | -$29M |
| FREE CASH FLOW | $72M |
| Net Change in Cash | $32M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $490M |
| Short-Term Investments | $43M |
| Net Receivables | $92M |
| Inventory | $11M |
| Other Current Assets | $33M |
| TOTAL CURRENT ASSETS | $684M |
| PP&E (Net) | $58M |
| Goodwill | $1.1B |
| Intangible Assets | $250M |
| Long-Term Investments | $11M |
| Tax Assets | $73M |
| Other Non-Current Assets | $12M |
| TOTAL NON-CURRENT ASSETS | $1.5B |
| TOTAL ASSETS | $2.2B |
| Account Payables | $14M |
| Short-Term Debt | $11M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $314M |
| TOTAL CURRENT LIABILITIES | $387M |
| Long-Term Debt | $31M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $3M |
| Other Non-Current Liabilities | $159M |
| TOTAL NON-CURRENT LIABILITIES | $223M |
| TOTAL LIABILITIES | $610M |
| Common Stock | $135.0K |
| Additional Paid-In Capital | $3.3B |
| Retained Earnings | -$48M |
| Treasury Stock | -$1.7B |
| Accum. Other Comp. Income | $4M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.5B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.5B |
| TOTAL LIABILITIES & EQUITY | $2.2B |
| Total Debt | $72M |
| Net Debt | -$417M |
