| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $323M | $320M | $311M | 1.0% | 3.8% |
| Op. Income | $55M | $37M | $36M | 47.4% | 51.6% |
| Gross Margin | 50.5% | 49.1% | 46.4% | 1.4pp | 4.1pp |
| Net Margin | 11.7% | 8.3% | 8.1% | 3.4pp | 3.6pp |
| EPS (Diluted) | $1.66 | $1.15 | $1.05 | 44.3% | 58.1% |
| Free Cash Flow | $27M | $49M | $5M | -45.3% | 477.0% |
| Item | Amount |
|---|---|
| REVENUE | $323M |
| Cost of Revenue | $160M |
| GROSS PROFIT | $163M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | -$6M |
| SG&A Expenses | -$6M |
| Other Expenses | $114M |
| Operating Expenses | $109M |
| Cost & Expenses | $269M |
| OPERATING INCOME | $55M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | -$1M |
| INCOME BEFORE TAX | $53M |
| Income Tax Expense | $15M |
| Net Income from Continuing Ops | $38M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $38M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $38M |
| D&A | $13M |
| EBIT | $53M |
| EBITDA | $66M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $323M |
| Cost of Revenue | $160M |
| GROSS PROFIT | $163M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | -$6M |
| SG&A Expenses | -$6M |
| Other Expenses | $114M |
| Operating Expenses | $109M |
| Cost & Expenses | $269M |
| OPERATING INCOME | $55M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | -$1M |
| INCOME BEFORE TAX | $53M |
| Income Tax Expense | $15M |
| Net Income from Continuing Ops | $38M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $38M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $38M |
| D&A | $13M |
| EBIT | $53M |
| EBITDA | $66M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $38M |
| Depreciation & Amortization | $11M |
| Stock-Based Compensation | $6M |
| Deferred Income Tax | $5M |
| Other Non-Cash Items | -$121.0K |
| Change in Working Capital | -$20M |
| OPERATING CASH FLOW | $39M |
| Capital Expenditure | -$12M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$2M |
| Sales/Maturities of Investments | $43M |
| Other Investing Activities | -$19M |
| NET CASH FROM INVESTING | $9M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$45M |
| Common Dividends Paid | -$14M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$59M |
| FREE CASH FLOW | $27M |
| Net Change in Cash | -$11M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $141M |
| Short-Term Investments | $7M |
| Net Receivables | $78M |
| Inventory | $0 |
| Other Current Assets | $52M |
| TOTAL CURRENT ASSETS | $278M |
| PP&E (Net) | $199M |
| Goodwill | $1.2B |
| Intangible Assets | $249M |
| Long-Term Investments | $24M |
| Tax Assets | $0 |
| Other Non-Current Assets | $47M |
| TOTAL NON-CURRENT ASSETS | $1.8B |
| TOTAL ASSETS | $2.0B |
| Account Payables | $56M |
| Short-Term Debt | $16M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $146M |
| TOTAL CURRENT LIABILITIES | $218M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $36M |
| Deferred Tax Liabilities | $36M |
| Other Non-Current Liabilities | $10M |
| TOTAL NON-CURRENT LIABILITIES | $174M |
| TOTAL LIABILITIES | $392M |
| Common Stock | $230.0K |
| Additional Paid-In Capital | $1.4B |
| Retained Earnings | $255M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$46M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.6B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.6B |
| TOTAL LIABILITIES & EQUITY | $2.0B |
| Total Debt | $109M |
| Net Debt | -$32M |
