| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $642M | $626M | $640M | 2.5% | 0.3% |
| Op. Income | -$36M | -$52M | -$48M | 30.7% | 25.3% |
| Gross Margin | 69.3% | 70.1% | 70.5% | -0.8pp | -1.2pp |
| Net Margin | -3.9% | -7.9% | -7.6% | 4.0pp | 3.6pp |
| EPS (Diluted) | $-0.14 | $-0.28 | $-0.28 | 50.0% | 50.0% |
| Free Cash Flow | $85M | $68M | $56M | 25.3% | 51.3% |
| Item | Amount |
|---|---|
| REVENUE | $642M |
| Cost of Revenue | $197M |
| GROSS PROFIT | $445M |
| R&D Expenses | $72M |
| Selling & Marketing | $100M |
| General & Administrative | $108M |
| SG&A Expenses | $208M |
| Other Expenses | $201M |
| Operating Expenses | $481M |
| Cost & Expenses | $678M |
| OPERATING INCOME | -$36M |
| Interest Income | $39M |
| Interest Expense | $5M |
| Other Income/Expenses | $2M |
| INCOME BEFORE TAX | -$34M |
| Income Tax Expense | -$8M |
| Net Income from Continuing Ops | -$25M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$25M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$25M |
| D&A | $80M |
| EBIT | -$29M |
| EBITDA | $51M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$25M |
| Depreciation & Amortization | $100M |
| Stock-Based Compensation | $16M |
| Deferred Income Tax | -$10M |
| Other Non-Cash Items | $3M |
| Change in Working Capital | $4M |
| OPERATING CASH FLOW | $88M |
| Capital Expenditure | -$3M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$32M |
| NET CASH FROM INVESTING | -$34M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $1.0K |
| NET CASH FROM FINANCING | $1M |
| FREE CASH FLOW | $85M |
| Net Change in Cash | $55M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $781M |
| Short-Term Investments | $0 |
| Net Receivables | $202M |
| Inventory | $38M |
| Other Current Assets | $2M |
| TOTAL CURRENT ASSETS | $1.1B |
| PP&E (Net) | $53M |
| Goodwill | $283M |
| Intangible Assets | $1.3B |
| Long-Term Investments | $0 |
| Tax Assets | $242M |
| Other Non-Current Assets | $138M |
| TOTAL NON-CURRENT ASSETS | $2.0B |
| TOTAL ASSETS | $3.1B |
| Account Payables | $48M |
| Short-Term Debt | $11M |
| Deferred Revenue | $62M |
| Other Current Liabilities | $187M |
| TOTAL CURRENT LIABILITIES | $405M |
| Long-Term Debt | $995M |
| Deferred Revenue NC | $9M |
| Deferred Tax Liabilities | $271M |
| Other Non-Current Liabilities | $643.0K |
| TOTAL NON-CURRENT LIABILITIES | $1.3B |
| TOTAL LIABILITIES | $1.7B |
| Common Stock | $178.0K |
| Additional Paid-In Capital | $17.9B |
| Retained Earnings | -$16.4B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$35M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.4B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.4B |
| TOTAL LIABILITIES & EQUITY | $3.1B |
| Total Debt | $1.0B |
| Net Debt | $259M |
