| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $175M | $170M | $159M | 3.2% | 10.1% |
| Op. Income | $59M | $60M | $49M | -1.9% | 19.1% |
| Gross Margin | 83.4% | 83.6% | 81.8% | -0.3pp | 1.6pp |
| Net Margin | 30.3% | 29.6% | 27.6% | 0.7pp | 2.7pp |
| EPS (Diluted) | $1.47 | $1.39 | $1.19 | 5.8% | 23.5% |
| Free Cash Flow | $75M | $89M | $42M | -16.3% | 78.9% |
| Item | Amount |
|---|---|
| REVENUE | $175M |
| Cost of Revenue | $29M |
| GROSS PROFIT | $146M |
| R&D Expenses | $29M |
| Selling & Marketing | $40M |
| General & Administrative | $19M |
| SG&A Expenses | $58M |
| Other Expenses | $0 |
| Operating Expenses | $87M |
| Cost & Expenses | $116M |
| OPERATING INCOME | $59M |
| Interest Income | $6M |
| Interest Expense | $0 |
| Other Income/Expenses | $6M |
| INCOME BEFORE TAX | $64M |
| Income Tax Expense | $11M |
| Net Income from Continuing Ops | $53M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $53M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $53M |
| D&A | $3M |
| EBIT | $64M |
| EBITDA | $68M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $175M |
| Cost of Revenue | $29M |
| GROSS PROFIT | $146M |
| R&D Expenses | $29M |
| Selling & Marketing | $40M |
| General & Administrative | $19M |
| SG&A Expenses | $58M |
| Other Expenses | $0 |
| Operating Expenses | $87M |
| Cost & Expenses | $116M |
| OPERATING INCOME | $59M |
| Interest Income | $6M |
| Interest Expense | $0 |
| Other Income/Expenses | $6M |
| INCOME BEFORE TAX | $64M |
| Income Tax Expense | $11M |
| Net Income from Continuing Ops | $53M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $53M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $53M |
| D&A | $3M |
| EBIT | $64M |
| EBITDA | $68M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $53M |
| Depreciation & Amortization | $3M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $2M |
| Other Non-Cash Items | $20M |
| Change in Working Capital | -$2M |
| OPERATING CASH FLOW | $76M |
| Capital Expenditure | -$724.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$74M |
| Sales/Maturities of Investments | $66M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$9M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$45M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$5M |
| NET CASH FROM FINANCING | -$42M |
| FREE CASH FLOW | $75M |
| Net Change in Cash | $25M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $250M |
| Short-Term Investments | $196M |
| Net Receivables | $171M |
| Inventory | $0 |
| Other Current Assets | $41M |
| TOTAL CURRENT ASSETS | $658M |
| PP&E (Net) | $69M |
| Goodwill | $7M |
| Intangible Assets | $4M |
| Long-Term Investments | $252M |
| Tax Assets | $75M |
| Other Non-Current Assets | $30M |
| TOTAL NON-CURRENT ASSETS | $437M |
| TOTAL ASSETS | $1.1B |
| Account Payables | $1M |
| Short-Term Debt | $7M |
| Deferred Revenue | $401M |
| Other Current Liabilities | $58M |
| TOTAL CURRENT LIABILITIES | $467M |
| Long-Term Debt | $45M |
| Deferred Revenue NC | $16M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | -$40M |
| TOTAL NON-CURRENT LIABILITIES | $67M |
| TOTAL LIABILITIES | $534M |
| Common Stock | $36.0K |
| Additional Paid-In Capital | $732M |
| Retained Earnings | -$167M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$4M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $561M |
| Minority Interest | $0 |
| TOTAL EQUITY | $561M |
| TOTAL LIABILITIES & EQUITY | $1.1B |
| Total Debt | $97M |
| Net Debt | -$153M |
