| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $223M | $225M | $195M | -0.9% | 14.3% |
| Op. Income | $61M | $64M | $55M | -4.9% | 9.5% |
| Gross Margin | 57.6% | 56.7% | 56.4% | 0.9pp | 1.2pp |
| Net Margin | 29.1% | 27.3% | 25.9% | 1.7pp | 3.1pp |
| EPS (Diluted) | $1.94 | $1.90 | $1.58 | 2.1% | 22.8% |
| Free Cash Flow | $48M | $67M | $61M | -27.8% | -20.7% |
| Item | Amount |
|---|---|
| REVENUE | $223M |
| Cost of Revenue | $94M |
| GROSS PROFIT | $128M |
| R&D Expenses | $38M |
| Selling & Marketing | $22M |
| General & Administrative | $7M |
| SG&A Expenses | $30M |
| Other Expenses | $0 |
| Operating Expenses | $68M |
| Cost & Expenses | $162M |
| OPERATING INCOME | $61M |
| Interest Income | $12M |
| Interest Expense | $0 |
| Other Income/Expenses | $12M |
| INCOME BEFORE TAX | $73M |
| Income Tax Expense | $8M |
| Net Income from Continuing Ops | $65M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $65M |
| Net Income Deductions | -$942.2K |
| BOTTOM LINE NET INCOME | $66M |
| D&A | $6M |
| EBIT | $61M |
| EBITDA | $67M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $223M |
| Cost of Revenue | $94M |
| GROSS PROFIT | $128M |
| R&D Expenses | $38M |
| Selling & Marketing | $22M |
| General & Administrative | $7M |
| SG&A Expenses | $30M |
| Other Expenses | $0 |
| Operating Expenses | $68M |
| Cost & Expenses | $162M |
| OPERATING INCOME | $61M |
| Interest Income | $12M |
| Interest Expense | $0 |
| Other Income/Expenses | $12M |
| INCOME BEFORE TAX | $73M |
| Income Tax Expense | $8M |
| Net Income from Continuing Ops | $65M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $65M |
| Net Income Deductions | -$942.2K |
| BOTTOM LINE NET INCOME | $66M |
| D&A | $6M |
| EBIT | $61M |
| EBITDA | $67M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $65M |
| Depreciation & Amortization | $7M |
| Stock-Based Compensation | $7M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$1M |
| Change in Working Capital | -$17M |
| OPERATING CASH FLOW | $60M |
| Capital Expenditure | -$12M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$426M |
| Sales/Maturities of Investments | $61M |
| Other Investing Activities | $27M |
| NET CASH FROM INVESTING | -$350M |
| Net Debt Issuance | -$7.0K |
| Common Stock Repurchased | -$15M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$3M |
| NET CASH FROM FINANCING | -$18M |
| FREE CASH FLOW | $48M |
| Net Change in Cash | -$307M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $214M |
| Short-Term Investments | $834M |
| Net Receivables | $152M |
| Inventory | $184M |
| Other Current Assets | $27M |
| TOTAL CURRENT ASSETS | $1.4B |
| PP&E (Net) | $160M |
| Goodwill | $91M |
| Intangible Assets | $46M |
| Long-Term Investments | $597M |
| Tax Assets | $0 |
| Other Non-Current Assets | $56M |
| TOTAL NON-CURRENT ASSETS | $950M |
| TOTAL ASSETS | $2.4B |
| Account Payables | $47M |
| Short-Term Debt | $8M |
| Deferred Revenue | $67M |
| Other Current Liabilities | $55M |
| TOTAL CURRENT LIABILITIES | $225M |
| Long-Term Debt | $791M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $10M |
| Other Non-Current Liabilities | -$43M |
| TOTAL NON-CURRENT LIABILITIES | $818M |
| TOTAL LIABILITIES | $1.0B |
| Common Stock | $1.3B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $0 |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.3B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.3B |
| TOTAL LIABILITIES & EQUITY | $2.4B |
| Total Debt | $858M |
| Net Debt | $644M |
