| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $424M | $355M | $405M | 19.5% | 4.5% |
| Op. Income | $34M | -$43M | $15M | 177.5% | 122.7% |
| Gross Margin | 84.8% | 82.0% | 86.7% | 2.7pp | -1.9pp |
| Net Margin | 12.2% | -3.0% | 8.4% | 15.2pp | 3.9pp |
| EPS (Diluted) | $0.09 | $-0.02 | $0.06 | 550.0% | 54.6% |
| Free Cash Flow | $139M | $23M | $142M | 497.9% | -2.2% |
| Item | Amount |
|---|---|
| REVENUE | $424M |
| Cost of Revenue | $65M |
| GROSS PROFIT | $359M |
| R&D Expenses | $98M |
| Selling & Marketing | $170M |
| General & Administrative | $49M |
| SG&A Expenses | $220M |
| Other Expenses | $7M |
| Operating Expenses | $326M |
| Cost & Expenses | $390M |
| OPERATING INCOME | $34M |
| Interest Income | $12M |
| Interest Expense | $0 |
| Other Income/Expenses | $21M |
| INCOME BEFORE TAX | $55M |
| Income Tax Expense | $3M |
| 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 | $3M |
| EBIT | $34M |
| EBITDA | $37M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $424M |
| Cost of Revenue | $65M |
| GROSS PROFIT | $359M |
| R&D Expenses | $98M |
| Selling & Marketing | $170M |
| General & Administrative | $49M |
| SG&A Expenses | $220M |
| Other Expenses | $7M |
| Operating Expenses | $326M |
| Cost & Expenses | $390M |
| OPERATING INCOME | $34M |
| Interest Income | $12M |
| Interest Expense | $0 |
| Other Income/Expenses | $21M |
| INCOME BEFORE TAX | $55M |
| Income Tax Expense | $3M |
| 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 | $3M |
| EBIT | $34M |
| EBITDA | $37M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $52M |
| Depreciation & Amortization | $3M |
| Stock-Based Compensation | $88M |
| Deferred Income Tax | $979.0K |
| Other Non-Cash Items | $26M |
| Change in Working Capital | -$23M |
| OPERATING CASH FLOW | $146M |
| Capital Expenditure | -$7M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$308M |
| Sales/Maturities of Investments | $299M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$17M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$9M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$17M |
| NET CASH FROM FINANCING | -$17M |
| FREE CASH FLOW | $139M |
| Net Change in Cash | $106M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $880M |
| Short-Term Investments | $750M |
| Net Receivables | $542M |
| Inventory | $0 |
| Other Current Assets | $101M |
| TOTAL CURRENT ASSETS | $2.3B |
| PP&E (Net) | $99M |
| Goodwill | $87M |
| Intangible Assets | $8M |
| Long-Term Investments | $130M |
| Tax Assets | $28M |
| Other Non-Current Assets | $174M |
| TOTAL NON-CURRENT ASSETS | $527M |
| TOTAL ASSETS | $2.9B |
| Account Payables | $33M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $605M |
| TOTAL CURRENT LIABILITIES | $799M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $136M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $11M |
| TOTAL NON-CURRENT LIABILITIES | $221M |
| TOTAL LIABILITIES | $1.0B |
| Common Stock | $6.0K |
| Additional Paid-In Capital | $4.3B |
| Retained Earnings | -$2.0B |
| Treasury Stock | -$495M |
| Accum. Other Comp. Income | -$5M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.8B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.8B |
| TOTAL LIABILITIES & EQUITY | $2.9B |
| Total Debt | $78M |
| Net Debt | -$801M |
