| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $330M | $311M | $258M | 6.3% | 28.1% |
| Op. Income | $24M | $20M | $14M | 21.2% | 69.6% |
| Gross Margin | 25.4% | 24.1% | 25.6% | 1.3pp | -0.2pp |
| Net Margin | 6.3% | 5.7% | 5.1% | 0.6pp | 1.2pp |
| EPS (Diluted) | $0.16 | $0.14 | $0.10 | 14.3% | 60.0% |
| Free Cash Flow | $45M | $35M | $19M | 28.8% | 137.7% |
| Item | Amount |
|---|---|
| REVENUE | $330M |
| Cost of Revenue | $246M |
| GROSS PROFIT | $84M |
| R&D Expenses | $16M |
| Selling & Marketing | $31M |
| General & Administrative | $13M |
| SG&A Expenses | $44M |
| Other Expenses | $0 |
| Operating Expenses | $60M |
| Cost & Expenses | $306M |
| OPERATING INCOME | $24M |
| Interest Income | $3M |
| Interest Expense | $0 |
| Other Income/Expenses | $2M |
| INCOME BEFORE TAX | $27M |
| Income Tax Expense | $6M |
| Net Income from Continuing Ops | $21M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $21M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $21M |
| D&A | $10M |
| EBIT | $27M |
| EBITDA | $36M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $330M |
| Cost of Revenue | $246M |
| GROSS PROFIT | $84M |
| R&D Expenses | $16M |
| Selling & Marketing | $31M |
| General & Administrative | $13M |
| SG&A Expenses | $44M |
| Other Expenses | $0 |
| Operating Expenses | $60M |
| Cost & Expenses | $306M |
| OPERATING INCOME | $24M |
| Interest Income | $3M |
| Interest Expense | $0 |
| Other Income/Expenses | $2M |
| INCOME BEFORE TAX | $27M |
| Income Tax Expense | $6M |
| Net Income from Continuing Ops | $21M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $21M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $21M |
| D&A | $10M |
| EBIT | $27M |
| EBITDA | $36M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $21M |
| Depreciation & Amortization | $10M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | -$3M |
| Other Non-Cash Items | $8M |
| Change in Working Capital | $10M |
| OPERATING CASH FLOW | $45M |
| Capital Expenditure | -$82.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$9M |
| NET CASH FROM INVESTING | -$9M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$4M |
| NET CASH FROM FINANCING | -$3M |
| FREE CASH FLOW | $45M |
| Net Change in Cash | $33M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $325M |
| Short-Term Investments | $0 |
| Net Receivables | $104M |
| Inventory | $0 |
| Other Current Assets | $14M |
| TOTAL CURRENT ASSETS | $441M |
| PP&E (Net) | $7M |
| Goodwill | $132M |
| Intangible Assets | $12M |
| Long-Term Investments | $0 |
| Tax Assets | $314.0K |
| Other Non-Current Assets | $75M |
| TOTAL NON-CURRENT ASSETS | $227M |
| TOTAL ASSETS | $668M |
| Account Payables | $64M |
| Short-Term Debt | $2M |
| Deferred Revenue | $3M |
| Other Current Liabilities | $28M |
| TOTAL CURRENT LIABILITIES | $99M |
| Long-Term Debt | $5M |
| Deferred Revenue NC | $3M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | -$4M |
| TOTAL NON-CURRENT LIABILITIES | $9M |
| TOTAL LIABILITIES | $107M |
| Common Stock | $12.0K |
| Additional Paid-In Capital | $398M |
| Retained Earnings | $163M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$427.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $560M |
| Minority Interest | $0 |
| TOTAL EQUITY | $560M |
| TOTAL LIABILITIES & EQUITY | $668M |
| Total Debt | $11M |
| Net Debt | -$313M |
