| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $208M | $202M | $183M | 3.2% | 13.8% |
| Op. Income | $18M | $11M | -$2M | 66.4% | 1262.4% |
| Gross Margin | 55.4% | 54.0% | 52.6% | 1.4pp | 2.7pp |
| Net Margin | 9.8% | 7.5% | 0.1% | 2.4pp | 9.7pp |
| EPS (Diluted) | $0.31 | $0.23 | $0.06 | 34.8% | 405.7% |
| Free Cash Flow | $57M | $37M | $37M | 51.9% | 53.6% |
| Item | Amount |
|---|---|
| REVENUE | $208M |
| Cost of Revenue | $93M |
| GROSS PROFIT | $115M |
| R&D Expenses | $41M |
| Selling & Marketing | $26M |
| General & Administrative | $30M |
| SG&A Expenses | $56M |
| Other Expenses | $0 |
| Operating Expenses | $97M |
| Cost & Expenses | $190M |
| OPERATING INCOME | $18M |
| Interest Income | $5M |
| Interest Expense | $1M |
| Other Income/Expenses | $2M |
| INCOME BEFORE TAX | $21M |
| Income Tax Expense | $337.0K |
| Net Income from Continuing Ops | $20M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $20M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $20M |
| D&A | $7M |
| EBIT | $18M |
| EBITDA | $25M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $208M |
| Cost of Revenue | $93M |
| GROSS PROFIT | $115M |
| R&D Expenses | $41M |
| Selling & Marketing | $26M |
| General & Administrative | $30M |
| SG&A Expenses | $56M |
| Other Expenses | $0 |
| Operating Expenses | $97M |
| Cost & Expenses | $190M |
| OPERATING INCOME | $18M |
| Interest Income | $5M |
| Interest Expense | $1M |
| Other Income/Expenses | $2M |
| INCOME BEFORE TAX | $21M |
| Income Tax Expense | $337.0K |
| Net Income from Continuing Ops | $20M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $20M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $20M |
| D&A | $7M |
| EBIT | $18M |
| EBITDA | $25M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $20M |
| Depreciation & Amortization | $13M |
| Stock-Based Compensation | $20M |
| Deferred Income Tax | $2M |
| Other Non-Cash Items | $8M |
| Change in Working Capital | -$34.0K |
| OPERATING CASH FLOW | $64M |
| Capital Expenditure | -$7M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$3M |
| Sales/Maturities of Investments | $34M |
| Other Investing Activities | -$5M |
| NET CASH FROM INVESTING | $24M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$196M |
| NET CASH FROM FINANCING | -$193M |
| FREE CASH FLOW | $57M |
| Net Change in Cash | -$105M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $368M |
| Short-Term Investments | $0 |
| Net Receivables | $74M |
| Inventory | $0 |
| Other Current Assets | $114M |
| TOTAL CURRENT ASSETS | $556M |
| PP&E (Net) | $55M |
| Goodwill | $513M |
| Intangible Assets | $78M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $74M |
| TOTAL NON-CURRENT ASSETS | $720M |
| TOTAL ASSETS | $1.3B |
| Account Payables | $0 |
| Short-Term Debt | $312M |
| Deferred Revenue | $155M |
| Other Current Liabilities | $77M |
| TOTAL CURRENT LIABILITIES | $544M |
| Long-Term Debt | $34M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $37M |
| TOTAL NON-CURRENT LIABILITIES | $70M |
| TOTAL LIABILITIES | $614M |
| Common Stock | $6.0K |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$612M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$2M |
| Other Equity | $1.3B |
| TOTAL STOCKHOLDERS' EQUITY | $662M |
| Minority Interest | $0 |
| TOTAL EQUITY | $662M |
| TOTAL LIABILITIES & EQUITY | $1.3B |
| Total Debt | $346M |
| Net Debt | -$22M |
