| Metric | Q1 2026 | Q4 2025 | Q1 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $120M | $121M | $111M | -1.4% | 7.8% |
| Op. Income | -$10M | -$12M | -$21M | 11.9% | 51.9% |
| Gross Margin | 84.0% | 83.6% | 82.6% | 0.4pp | 1.4pp |
| Net Margin | -5.4% | -8.7% | -21.6% | 3.3pp | 16.2pp |
| EPS (Diluted) | $-0.07 | $-0.12 | $-0.26 | 40.8% | 72.7% |
| Free Cash Flow | $29M | $29M | $27M | 1.4% | 7.0% |
| Item | Amount |
|---|---|
| REVENUE | $120M |
| Cost of Revenue | $19M |
| GROSS PROFIT | $101M |
| R&D Expenses | $34M |
| Selling & Marketing | $50M |
| General & Administrative | $27M |
| SG&A Expenses | $77M |
| Other Expenses | $0 |
| Operating Expenses | $111M |
| Cost & Expenses | $130M |
| OPERATING INCOME | -$10M |
| Interest Income | $6M |
| Interest Expense | $2M |
| Other Income/Expenses | $4M |
| INCOME BEFORE TAX | -$7M |
| Income Tax Expense | $813.0K |
| Net Income from Continuing Ops | -$7M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$6M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$6M |
| D&A | $4M |
| EBIT | -$4M |
| EBITDA | -$240.0K |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$6M |
| Depreciation & Amortization | $4M |
| Stock-Based Compensation | $26M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $5M |
| Change in Working Capital | $3M |
| OPERATING CASH FLOW | $31M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$44M |
| Sales/Maturities of Investments | $44M |
| Other Investing Activities | -$250.0K |
| NET CASH FROM INVESTING | -$2M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$8M |
| NET CASH FROM FINANCING | -$4M |
| FREE CASH FLOW | $29M |
| Net Change in Cash | $25M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $372M |
| Short-Term Investments | $225M |
| Net Receivables | $80M |
| Inventory | $0 |
| Other Current Assets | $17M |
| TOTAL CURRENT ASSETS | $694M |
| PP&E (Net) | $28M |
| Goodwill | $137M |
| Intangible Assets | $19M |
| Long-Term Investments | $2M |
| Tax Assets | $0 |
| Other Non-Current Assets | $46M |
| TOTAL NON-CURRENT ASSETS | $233M |
| TOTAL ASSETS | $927M |
| Account Payables | $8M |
| Short-Term Debt | $61M |
| Deferred Revenue | $237M |
| Other Current Liabilities | $19M |
| TOTAL CURRENT LIABILITIES | $354M |
| Long-Term Debt | $394M |
| Deferred Revenue NC | $3M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $5M |
| TOTAL NON-CURRENT LIABILITIES | $410M |
| TOTAL LIABILITIES | $764M |
| Common Stock | $0 |
| Additional Paid-In Capital | $748M |
| Retained Earnings | -$602M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$342.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $146M |
| Minority Interest | $17M |
| TOTAL EQUITY | $163M |
| TOTAL LIABILITIES & EQUITY | $927M |
| Total Debt | $464M |
| Net Debt | $92M |
