| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $209M | $199M | $162M | 5.0% | 29.4% |
| Op. Income | -$100M | -$44M | -$48M | -126.7% | -107.7% |
| Gross Margin | 66.0% | 65.2% | 61.9% | 0.8pp | 4.1pp |
| Net Margin | -48.2% | -23.3% | -31.8% | -24.9pp | -16.5pp |
| EPS (Diluted) | $-2.80 | $-0.69 | $-0.85 | -305.8% | -229.4% |
| Free Cash Flow | $14M | $11M | -$2M | 36.5% | 762.8% |
| Item | Amount |
|---|---|
| REVENUE | $209M |
| Cost of Revenue | $71M |
| GROSS PROFIT | $138M |
| R&D Expenses | $76M |
| Selling & Marketing | $64M |
| General & Administrative | $92M |
| SG&A Expenses | $156M |
| Other Expenses | $6M |
| Operating Expenses | $238M |
| Cost & Expenses | $309M |
| OPERATING INCOME | -$100M |
| Interest Income | $4M |
| Interest Expense | $3M |
| Other Income/Expenses | -$23.0K |
| INCOME BEFORE TAX | -$100M |
| Income Tax Expense | $1M |
| Net Income from Continuing Ops | -$101M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$101M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$180M |
| D&A | $20M |
| EBIT | -$97M |
| EBITDA | -$76M |
| EPS | -$3 |
| EPS Diluted | -$3 |
| Item | Amount |
|---|---|
| Net Income | -$101M |
| Depreciation & Amortization | $20M |
| Stock-Based Compensation | $95M |
| Deferred Income Tax | -$72.0K |
| Other Non-Cash Items | $6M |
| Change in Working Capital | -$5M |
| OPERATING CASH FLOW | $15M |
| Capital Expenditure | -$997.0K |
| Acquisitions (Net) | $1M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$5M |
| NET CASH FROM INVESTING | -$5M |
| Net Debt Issuance | -$70M |
| Common Stock Repurchased | -$311M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$1M |
| NET CASH FROM FINANCING | $297M |
| FREE CASH FLOW | $14M |
| Net Change in Cash | $308M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $442M |
| Short-Term Investments | $0 |
| Net Receivables | $90M |
| Inventory | $0 |
| Other Current Assets | $16M |
| TOTAL CURRENT ASSETS | $573M |
| PP&E (Net) | $81M |
| Goodwill | $846M |
| Intangible Assets | $251M |
| Long-Term Investments | $333.0K |
| Tax Assets | $0 |
| Other Non-Current Assets | $18M |
| TOTAL NON-CURRENT ASSETS | $1.2B |
| TOTAL ASSETS | $1.8B |
| Account Payables | $6M |
| Short-Term Debt | $1M |
| Deferred Revenue | $17M |
| Other Current Liabilities | $64M |
| TOTAL CURRENT LIABILITIES | $153M |
| Long-Term Debt | $104M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $10M |
| TOTAL NON-CURRENT LIABILITIES | $161M |
| TOTAL LIABILITIES | $314M |
| Common Stock | $90.0K |
| Additional Paid-In Capital | $2.6B |
| Retained Earnings | -$1.1B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.5B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.5B |
| TOTAL LIABILITIES & EQUITY | $1.8B |
| Total Debt | $165M |
| Net Debt | -$276M |
