| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $205M | $252M | $203M | -18.7% | 0.8% |
| Op. Income | $20M | $62M | -$37M | -67.8% | 153.8% |
| Gross Margin | 77.7% | 81.5% | 75.3% | -3.8pp | 2.5pp |
| Net Margin | 9.1% | 19.4% | -15.9% | -10.3pp | 25.0pp |
| EPS (Diluted) | $0.25 | $0.67 | $-0.46 | -62.7% | 154.3% |
| Free Cash Flow | $140M | $40M | $92M | 253.9% | 52.3% |
| Item | Amount |
|---|---|
| REVENUE | $205M |
| Cost of Revenue | $46M |
| GROSS PROFIT | $159M |
| R&D Expenses | $37M |
| Selling & Marketing | $67M |
| General & Administrative | $24M |
| SG&A Expenses | $90M |
| Other Expenses | $12M |
| Operating Expenses | $139M |
| Cost & Expenses | $185M |
| OPERATING INCOME | $20M |
| Interest Income | $3M |
| Interest Expense | $765.0K |
| Other Income/Expenses | -$2M |
| INCOME BEFORE TAX | $18M |
| Income Tax Expense | -$416.0K |
| Net Income from Continuing Ops | $19M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $19M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $19M |
| D&A | $16M |
| EBIT | $19M |
| EBITDA | $35M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $205M |
| Cost of Revenue | $46M |
| GROSS PROFIT | $159M |
| R&D Expenses | $37M |
| Selling & Marketing | $67M |
| General & Administrative | $24M |
| SG&A Expenses | $90M |
| Other Expenses | $12M |
| Operating Expenses | $139M |
| Cost & Expenses | $185M |
| OPERATING INCOME | $20M |
| Interest Income | $3M |
| Interest Expense | $765.0K |
| Other Income/Expenses | -$2M |
| INCOME BEFORE TAX | $18M |
| Income Tax Expense | -$416.0K |
| Net Income from Continuing Ops | $19M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $19M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $19M |
| D&A | $16M |
| EBIT | $19M |
| EBITDA | $35M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $19M |
| Depreciation & Amortization | $16M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | -$5M |
| Other Non-Cash Items | $19M |
| Change in Working Capital | $93M |
| OPERATING CASH FLOW | $142M |
| Capital Expenditure | -$1M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$16M |
| Sales/Maturities of Investments | $8M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$9M |
| Net Debt Issuance | -$75M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$133.0K |
| NET CASH FROM FINANCING | -$75M |
| FREE CASH FLOW | $140M |
| Net Change in Cash | $59M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $457M |
| Short-Term Investments | $34M |
| Net Receivables | $164M |
| Inventory | $11M |
| Other Current Assets | $34M |
| TOTAL CURRENT ASSETS | $713M |
| PP&E (Net) | $59M |
| Goodwill | $1.1B |
| Intangible Assets | $259M |
| Long-Term Investments | $1M |
| Tax Assets | $66M |
| Other Non-Current Assets | $12M |
| TOTAL NON-CURRENT ASSETS | $1.5B |
| TOTAL ASSETS | $2.2B |
| Account Payables | $18M |
| Short-Term Debt | $11M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $321M |
| TOTAL CURRENT LIABILITIES | $408M |
| Long-Term Debt | $33M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $3M |
| Other Non-Current Liabilities | $151M |
| TOTAL NON-CURRENT LIABILITIES | $218M |
| TOTAL LIABILITIES | $626M |
| Common Stock | $134.0K |
| Additional Paid-In Capital | $3.3B |
| Retained Earnings | -$44M |
| Treasury Stock | -$1.7B |
| Accum. Other Comp. Income | $4M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.6B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.6B |
| TOTAL LIABILITIES & EQUITY | $2.2B |
| Total Debt | $76M |
| Net Debt | -$381M |
