| Metric | Q1 2026 | Q4 2025 | Q1 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $216M | $209M | — | 3.1% | — |
| Op. Income | $50M | -$100M | — | 149.6% | — |
| Gross Margin | 68.8% | 66.0% | — | 2.8pp | — |
| Net Margin | -21.5% | -48.2% | — | 26.7pp | — |
| EPS (Diluted) | $-0.51 | $-2.80 | — | 81.8% | — |
| Free Cash Flow | -$16M | $14M | — | -209.9% | — |
| Item | Amount |
|---|---|
| REVENUE | $216M |
| Cost of Revenue | $67M |
| GROSS PROFIT | $148M |
| R&D Expenses | $69M |
| Selling & Marketing | $62M |
| General & Administrative | $57M |
| SG&A Expenses | $119M |
| Other Expenses | -$89M |
| Operating Expenses | $99M |
| Cost & Expenses | $166M |
| OPERATING INCOME | $50M |
| Interest Income | $5M |
| Interest Expense | $2M |
| Other Income/Expenses | -$96M |
| INCOME BEFORE TAX | -$46M |
| Income Tax Expense | $234.0K |
| Net Income from Continuing Ops | -$46M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$46M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$46M |
| D&A | $20M |
| EBIT | -$44M |
| EBITDA | -$24M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$46M |
| Depreciation & Amortization | $20M |
| Stock-Based Compensation | $44M |
| Deferred Income Tax | $646.0K |
| Other Non-Cash Items | $17M |
| Change in Working Capital | -$49M |
| OPERATING CASH FLOW | -$15M |
| Capital Expenditure | -$1M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$8M |
| Net Debt Issuance | -$268.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $380.0K |
| FREE CASH FLOW | -$16M |
| Net Change in Cash | -$22M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $420M |
| Short-Term Investments | $0 |
| Net Receivables | $93M |
| Inventory | $0 |
| Other Current Assets | $16M |
| TOTAL CURRENT ASSETS | $553M |
| PP&E (Net) | $68M |
| Goodwill | $846M |
| Intangible Assets | $240M |
| Long-Term Investments | $417.0K |
| Tax Assets | $0 |
| Other Non-Current Assets | $20M |
| TOTAL NON-CURRENT ASSETS | $1.2B |
| TOTAL ASSETS | $1.7B |
| Account Payables | $6M |
| Short-Term Debt | $1M |
| Deferred Revenue | $16M |
| Other Current Liabilities | $33M |
| TOTAL CURRENT LIABILITIES | $115M |
| Long-Term Debt | $104M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $10M |
| TOTAL NON-CURRENT LIABILITIES | $159M |
| TOTAL LIABILITIES | $273M |
| Common Stock | $78.0K |
| Additional Paid-In Capital | $2.6B |
| Retained Earnings | -$1.2B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $13.0K |
| TOTAL STOCKHOLDERS' EQUITY | $1.5B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.5B |
| TOTAL LIABILITIES & EQUITY | $1.7B |
| Total Debt | $162M |
| Net Debt | -$259M |
