| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $137M | $110M | $130M | 24.2% | 5.8% |
| Op. Income | $10M | -$5M | $4M | 311.4% | 149.5% |
| Gross Margin | 34.7% | 33.6% | 32.7% | 1.1pp | 2.0pp |
| Net Margin | 5.8% | -3.7% | 3.8% | 9.5pp | 2.0pp |
| EPS (Diluted) | $0.19 | $-0.10 | $0.11 | 290.0% | 72.7% |
| Free Cash Flow | $23M | $5M | $3M | 340.1% | 684.6% |
| Item | Amount |
|---|---|
| REVENUE | $137M |
| Cost of Revenue | $90M |
| GROSS PROFIT | $48M |
| R&D Expenses | $9M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $29M |
| Other Expenses | $0 |
| Operating Expenses | $37M |
| Cost & Expenses | $127M |
| OPERATING INCOME | $10M |
| Interest Income | $571.0K |
| Interest Expense | $0 |
| Other Income/Expenses | $571.0K |
| INCOME BEFORE TAX | $11M |
| Income Tax Expense | $3M |
| Net Income from Continuing Ops | $8M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $8M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $8M |
| D&A | $5M |
| EBIT | $10M |
| EBITDA | $15M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $137M |
| Cost of Revenue | $90M |
| GROSS PROFIT | $48M |
| R&D Expenses | $9M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $29M |
| Other Expenses | $0 |
| Operating Expenses | $37M |
| Cost & Expenses | $127M |
| OPERATING INCOME | $10M |
| Interest Income | $571.0K |
| Interest Expense | $0 |
| Other Income/Expenses | $571.0K |
| INCOME BEFORE TAX | $11M |
| Income Tax Expense | $3M |
| Net Income from Continuing Ops | $8M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $8M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $8M |
| D&A | $5M |
| EBIT | $10M |
| EBITDA | $15M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $8M |
| Depreciation & Amortization | $5M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | -$11M |
| Other Non-Cash Items | $8M |
| Change in Working Capital | $13M |
| OPERATING CASH FLOW | $23M |
| Capital Expenditure | -$404.5K |
| Acquisitions (Net) | -$398.1K |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | -$21M |
| Other Investing Activities | -$12M |
| NET CASH FROM INVESTING | -$35M |
| Net Debt Issuance | -$6.8K |
| Common Stock Repurchased | -$26M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$26M |
| FREE CASH FLOW | $23M |
| Net Change in Cash | -$34M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $91M |
| Short-Term Investments | $223M |
| Net Receivables | $188M |
| Inventory | $0 |
| Other Current Assets | $18M |
| TOTAL CURRENT ASSETS | $520M |
| PP&E (Net) | $29M |
| Goodwill | $355M |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $9M |
| Other Non-Current Assets | $620.0K |
| TOTAL NON-CURRENT ASSETS | $394M |
| TOTAL ASSETS | $914M |
| Account Payables | $130M |
| Short-Term Debt | $2M |
| Deferred Revenue | $1M |
| Other Current Liabilities | $55M |
| TOTAL CURRENT LIABILITIES | $189M |
| Long-Term Debt | $20M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $7M |
| Other Non-Current Liabilities | $2M |
| TOTAL NON-CURRENT LIABILITIES | $49M |
| TOTAL LIABILITIES | $238M |
| Common Stock | $341.0K |
| Additional Paid-In Capital | $488M |
| Retained Earnings | $189M |
| Treasury Stock | -$1M |
| Accum. Other Comp. Income | $267.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $676M |
| Minority Interest | $0 |
| TOTAL EQUITY | $676M |
| TOTAL LIABILITIES & EQUITY | $914M |
| Total Debt | $42M |
| Net Debt | -$49M |
