| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $217M | $218M | $216M | -0.3% | 0.5% |
| Op. Income | $2M | $6M | $4M | -60.1% | -35.1% |
| Gross Margin | 68.9% | 69.3% | 69.4% | -0.4pp | -0.4pp |
| Net Margin | 1.4% | 4.5% | -0.7% | -3.1pp | 2.1pp |
| EPS (Diluted) | $0.05 | $0.15 | $0.03 | -68.2% | 59.0% |
| Free Cash Flow | $36M | $34M | $63M | 5.8% | -41.8% |
| Item | Amount |
|---|---|
| REVENUE | $217M |
| Cost of Revenue | $68M |
| GROSS PROFIT | $150M |
| R&D Expenses | $49M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $99M |
| Other Expenses | $0 |
| Operating Expenses | $147M |
| Cost & Expenses | $215M |
| OPERATING INCOME | $2M |
| Interest Income | $6M |
| Interest Expense | $3M |
| Other Income/Expenses | $3M |
| INCOME BEFORE TAX | $6M |
| Income Tax Expense | $3M |
| Net Income from Continuing Ops | $3M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $3M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $3M |
| D&A | $11M |
| EBIT | $8M |
| EBITDA | $19M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $217M |
| Cost of Revenue | $68M |
| GROSS PROFIT | $150M |
| R&D Expenses | $49M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $99M |
| Other Expenses | $0 |
| Operating Expenses | $147M |
| Cost & Expenses | $215M |
| OPERATING INCOME | $2M |
| Interest Income | $6M |
| Interest Expense | $3M |
| Other Income/Expenses | $3M |
| INCOME BEFORE TAX | $6M |
| Income Tax Expense | $3M |
| Net Income from Continuing Ops | $3M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $3M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $3M |
| D&A | $11M |
| EBIT | $8M |
| EBITDA | $19M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $3M |
| Depreciation & Amortization | $11M |
| Stock-Based Compensation | $23M |
| Deferred Income Tax | -$390.0K |
| Other Non-Cash Items | -$528.0K |
| Change in Working Capital | $909.0K |
| OPERATING CASH FLOW | $38M |
| Capital Expenditure | -$1M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$36M |
| Sales/Maturities of Investments | $124M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $83M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$585.0K |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$4M |
| NET CASH FROM FINANCING | -$5M |
| FREE CASH FLOW | $36M |
| Net Change in Cash | $116M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $247M |
| Short-Term Investments | $228M |
| Net Receivables | $167M |
| Inventory | $0 |
| Other Current Assets | $47M |
| TOTAL CURRENT ASSETS | $689M |
| PP&E (Net) | $77M |
| Goodwill | $575M |
| Intangible Assets | $65M |
| Long-Term Investments | $184M |
| Tax Assets | $0 |
| Other Non-Current Assets | $136M |
| TOTAL NON-CURRENT ASSETS | $1.0B |
| TOTAL ASSETS | $1.7B |
| Account Payables | $11M |
| Short-Term Debt | $16M |
| Deferred Revenue | $451M |
| Other Current Liabilities | $97M |
| TOTAL CURRENT LIABILITIES | $575M |
| Long-Term Debt | $952M |
| Deferred Revenue NC | $30M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | -$46M |
| TOTAL NON-CURRENT LIABILITIES | $996M |
| TOTAL LIABILITIES | $1.6B |
| Common Stock | $658.0K |
| Additional Paid-In Capital | $1.1B |
| Retained Earnings | -$965M |
| Treasury Stock | -$5M |
| Accum. Other Comp. Income | $3M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $155M |
| Minority Interest | $0 |
| TOTAL EQUITY | $155M |
| TOTAL LIABILITIES & EQUITY | $1.7B |
| Total Debt | $1.0B |
| Net Debt | $782M |
