| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $318M | $313M | $298M | 1.6% | 6.7% |
| Op. Income | $15M | $22M | $16M | -29.3% | -3.6% |
| Gross Margin | 24.1% | 23.2% | 21.3% | 0.9pp | 2.9pp |
| Net Margin | 3.9% | 4.4% | 3.5% | -0.5pp | 0.4pp |
| EPS (Diluted) | $0.14 | $0.15 | $0.12 | -6.7% | 16.7% |
| Free Cash Flow | $49M | $43M | $50M | 13.3% | -3.3% |
| Item | Amount |
|---|---|
| REVENUE | $318M |
| Cost of Revenue | $242M |
| GROSS PROFIT | $77M |
| R&D Expenses | $0 |
| Selling & Marketing | $18M |
| General & Administrative | $45M |
| SG&A Expenses | $63M |
| Other Expenses | -$1M |
| Operating Expenses | $62M |
| Cost & Expenses | $303M |
| OPERATING INCOME | $15M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $3M |
| INCOME BEFORE TAX | $18M |
| Income Tax Expense | $5M |
| Net Income from Continuing Ops | $12M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $12M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $12M |
| D&A | $1M |
| EBIT | $18M |
| EBITDA | $19M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $318M |
| Cost of Revenue | $242M |
| GROSS PROFIT | $77M |
| R&D Expenses | $0 |
| Selling & Marketing | $18M |
| General & Administrative | $45M |
| SG&A Expenses | $63M |
| Other Expenses | -$1M |
| Operating Expenses | $62M |
| Cost & Expenses | $303M |
| OPERATING INCOME | $15M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $3M |
| INCOME BEFORE TAX | $18M |
| Income Tax Expense | $5M |
| Net Income from Continuing Ops | $12M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $12M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $12M |
| D&A | $1M |
| EBIT | $18M |
| EBITDA | $19M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $12M |
| Depreciation & Amortization | $1M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | -$8M |
| Other Non-Cash Items | $40M |
| Change in Working Capital | $9M |
| OPERATING CASH FLOW | $54M |
| Capital Expenditure | -$6M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$43M |
| Sales/Maturities of Investments | $57M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $8M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$82M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$7M |
| NET CASH FROM FINANCING | -$88M |
| FREE CASH FLOW | $49M |
| Net Change in Cash | -$22M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $112M |
| Short-Term Investments | $198M |
| Net Receivables | $220M |
| Inventory | $0 |
| Other Current Assets | $21M |
| TOTAL CURRENT ASSETS | $552M |
| PP&E (Net) | $55M |
| Goodwill | $20M |
| Intangible Assets | $6M |
| Long-Term Investments | $0 |
| Tax Assets | $93M |
| Other Non-Current Assets | $17M |
| TOTAL NON-CURRENT ASSETS | $191M |
| TOTAL ASSETS | $742M |
| Account Payables | $124M |
| Short-Term Debt | $4M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $75M |
| TOTAL CURRENT LIABILITIES | $202M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $24M |
| TOTAL LIABILITIES | $226M |
| Common Stock | $9.0K |
| Additional Paid-In Capital | $701M |
| Retained Earnings | $203M |
| Treasury Stock | -$388M |
| Accum. Other Comp. Income | $498.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $516M |
| Minority Interest | $0 |
| TOTAL EQUITY | $516M |
| TOTAL LIABILITIES & EQUITY | $742M |
| Total Debt | $28M |
| Net Debt | -$85M |
