| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $317M | $316M | $306M | 0.2% | 3.5% |
| Op. Income | -$24M | $39M | $46M | -161.6% | -152.1% |
| Gross Margin | 62.7% | 67.9% | 66.4% | -5.1pp | -3.7pp |
| Net Margin | -5.6% | 7.1% | 13.3% | -12.7pp | -18.8pp |
| EPS (Diluted) | $-0.11 | $0.14 | $0.25 | -178.6% | -144.0% |
| Free Cash Flow | $93M | $31M | $58M | 201.0% | 62.2% |
| Item | Amount |
|---|---|
| REVENUE | $317M |
| Cost of Revenue | $118M |
| GROSS PROFIT | $199M |
| R&D Expenses | $26M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $23M |
| Other Expenses | $173M |
| Operating Expenses | $223M |
| Cost & Expenses | $341M |
| OPERATING INCOME | -$24M |
| Interest Income | $585.0K |
| Interest Expense | $2M |
| Other Income/Expenses | $1M |
| INCOME BEFORE TAX | -$23M |
| Income Tax Expense | -$5M |
| Net Income from Continuing Ops | -$18M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$18M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$18M |
| D&A | $27M |
| EBIT | -$21M |
| EBITDA | $6M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$18M |
| Depreciation & Amortization | $27M |
| Stock-Based Compensation | $5M |
| Deferred Income Tax | -$32M |
| Other Non-Cash Items | $95M |
| Change in Working Capital | $22M |
| OPERATING CASH FLOW | $98M |
| Capital Expenditure | -$5M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $5M |
| NET CASH FROM INVESTING | $406.0K |
| Net Debt Issuance | $16M |
| Common Stock Repurchased | -$100M |
| Common Dividends Paid | -$12M |
| Other Financing Activities | $6M |
| NET CASH FROM FINANCING | -$90M |
| FREE CASH FLOW | $93M |
| Net Change in Cash | $22M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $162M |
| Short-Term Investments | $0 |
| Net Receivables | $207M |
| Inventory | $189M |
| Other Current Assets | $50M |
| TOTAL CURRENT ASSETS | $608M |
| PP&E (Net) | $319M |
| Goodwill | $981M |
| Intangible Assets | $366M |
| Long-Term Investments | $251M |
| Tax Assets | $10M |
| Other Non-Current Assets | $23M |
| TOTAL NON-CURRENT ASSETS | $1.9B |
| TOTAL ASSETS | $2.6B |
| Account Payables | $25M |
| Short-Term Debt | $0 |
| Deferred Revenue | $33M |
| Other Current Liabilities | $2M |
| TOTAL CURRENT LIABILITIES | $176M |
| Long-Term Debt | $346M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $6M |
| Other Non-Current Liabilities | $27M |
| TOTAL NON-CURRENT LIABILITIES | $463M |
| TOTAL LIABILITIES | $639M |
| Common Stock | $2M |
| Additional Paid-In Capital | $911M |
| Retained Earnings | $1.1B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$60M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.9B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.9B |
| TOTAL LIABILITIES & EQUITY | $2.6B |
| Total Debt | $444M |
| Net Debt | $282M |
