| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $198M | $189M | $168M | 4.8% | 18.1% |
| Op. Income | $19M | $17M | -$37M | 10.3% | 150.8% |
| Gross Margin | 47.2% | 53.2% | 23.2% | -6.0pp | 24.0pp |
| Net Margin | 6.7% | 7.9% | -20.2% | -1.2pp | 26.9pp |
| EPS (Diluted) | $0.23 | $0.26 | $-0.60 | -11.5% | 138.3% |
| Free Cash Flow | $17M | $43M | $32M | -60.1% | -47.0% |
| Item | Amount |
|---|---|
| REVENUE | $198M |
| Cost of Revenue | $104M |
| GROSS PROFIT | $93M |
| R&D Expenses | $12M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $63M |
| Other Expenses | $0 |
| Operating Expenses | $75M |
| Cost & Expenses | $179M |
| OPERATING INCOME | $19M |
| Interest Income | $7M |
| Interest Expense | $6M |
| Other Income/Expenses | $557.0K |
| INCOME BEFORE TAX | $19M |
| Income Tax Expense | $6M |
| Net Income from Continuing Ops | $13M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $13M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $13M |
| D&A | $20M |
| EBIT | $25M |
| EBITDA | $45M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $198M |
| Cost of Revenue | $104M |
| GROSS PROFIT | $93M |
| R&D Expenses | $12M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $63M |
| Other Expenses | $0 |
| Operating Expenses | $75M |
| Cost & Expenses | $179M |
| OPERATING INCOME | $19M |
| Interest Income | $7M |
| Interest Expense | $6M |
| Other Income/Expenses | $557.0K |
| INCOME BEFORE TAX | $19M |
| Income Tax Expense | $6M |
| Net Income from Continuing Ops | $13M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $13M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $13M |
| D&A | $20M |
| EBIT | $25M |
| EBITDA | $45M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $13M |
| Depreciation & Amortization | $25M |
| Stock-Based Compensation | $8M |
| Deferred Income Tax | $2M |
| Other Non-Cash Items | $2M |
| Change in Working Capital | -$24M |
| OPERATING CASH FLOW | $26M |
| Capital Expenditure | -$9M |
| Acquisitions (Net) | -$374.0K |
| Purchases of Investments | -$200M |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $40.0K |
| NET CASH FROM INVESTING | -$209M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$14M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $29M |
| NET CASH FROM FINANCING | $195.0K |
| FREE CASH FLOW | $17M |
| Net Change in Cash | -$183M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $566M |
| Short-Term Investments | $202M |
| Net Receivables | $159M |
| Inventory | $170M |
| Other Current Assets | $27M |
| TOTAL CURRENT ASSETS | $1.1B |
| PP&E (Net) | $306M |
| Goodwill | $1.1B |
| Intangible Assets | $386M |
| Long-Term Investments | $0 |
| Tax Assets | $694.0K |
| Other Non-Current Assets | $5M |
| TOTAL NON-CURRENT ASSETS | $1.8B |
| TOTAL ASSETS | $2.9B |
| Account Payables | $30M |
| Short-Term Debt | $22M |
| Deferred Revenue | $15M |
| Other Current Liabilities | $26M |
| TOTAL CURRENT LIABILITIES | $136M |
| Long-Term Debt | $542M |
| Deferred Revenue NC | $2M |
| Deferred Tax Liabilities | $22M |
| Other Non-Current Liabilities | $15M |
| TOTAL NON-CURRENT LIABILITIES | $708M |
| TOTAL LIABILITIES | $844M |
| Common Stock | $563.0K |
| Additional Paid-In Capital | $1.7B |
| Retained Earnings | $456M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$3M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.1B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.1B |
| TOTAL LIABILITIES & EQUITY | $2.9B |
| Total Debt | $690M |
| Net Debt | $124M |
