| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $349M | $339M | $302M | 3.0% | 15.6% |
| Op. Income | -$40M | -$15M | -$66M | -168.6% | 39.1% |
| Gross Margin | 79.4% | 79.7% | 81.2% | -0.3pp | -1.7pp |
| Net Margin | -10.8% | -2.7% | -20.6% | -8.1pp | 9.9pp |
| EPS (Diluted) | $-0.25 | $-0.06 | $-0.42 | -312.5% | 40.5% |
| Free Cash Flow | $90M | $83M | $347.0K | 8.4% | 25859.4% |
| Item | Amount |
|---|---|
| REVENUE | $349M |
| Cost of Revenue | $72M |
| GROSS PROFIT | $277M |
| R&D Expenses | $96M |
| Selling & Marketing | $156M |
| General & Administrative | $69M |
| SG&A Expenses | $225M |
| Other Expenses | -$3M |
| Operating Expenses | $318M |
| Cost & Expenses | $389M |
| OPERATING INCOME | -$40M |
| Interest Income | $7M |
| Interest Expense | $294.0K |
| Other Income/Expenses | $4M |
| INCOME BEFORE TAX | -$36M |
| Income Tax Expense | $1M |
| Net Income from Continuing Ops | -$38M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$38M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$38M |
| D&A | $27M |
| EBIT | -$36M |
| EBITDA | -$9M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$38M |
| Depreciation & Amortization | $27M |
| Stock-Based Compensation | $78M |
| Deferred Income Tax | -$9M |
| Other Non-Cash Items | $350.0K |
| Change in Working Capital | $54M |
| OPERATING CASH FLOW | $114M |
| Capital Expenditure | -$23M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$74M |
| Sales/Maturities of Investments | $122M |
| Other Investing Activities | -$18M |
| NET CASH FROM INVESTING | $25M |
| Net Debt Issuance | -$420.0K |
| Common Stock Repurchased | -$23.0K |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$20M |
| NET CASH FROM FINANCING | -$6M |
| FREE CASH FLOW | $90M |
| Net Change in Cash | $130M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $481M |
| Short-Term Investments | $288M |
| Net Receivables | $343M |
| Inventory | $0 |
| Other Current Assets | $55M |
| TOTAL CURRENT ASSETS | $1.2B |
| PP&E (Net) | $104M |
| Goodwill | $574M |
| Intangible Assets | $105M |
| Long-Term Investments | $43M |
| Tax Assets | $0 |
| Other Non-Current Assets | $246M |
| TOTAL NON-CURRENT ASSETS | $1.1B |
| TOTAL ASSETS | $2.2B |
| Account Payables | $25M |
| Short-Term Debt | $0 |
| Deferred Revenue | $687M |
| Other Current Liabilities | $172M |
| TOTAL CURRENT LIABILITIES | $885M |
| Long-Term Debt | $46M |
| Deferred Revenue NC | $6M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | -$32M |
| TOTAL NON-CURRENT LIABILITIES | $92M |
| TOTAL LIABILITIES | $977M |
| Common Stock | $15.0K |
| Additional Paid-In Capital | $2.6B |
| Retained Earnings | -$1.3B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$1M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.3B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.3B |
| TOTAL LIABILITIES & EQUITY | $2.2B |
| Total Debt | $118M |
| Net Debt | -$362M |
