| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $141M | $274.0K | — | 51241.2% | — |
| Op. Income | $12M | -$183M | — | 106.8% | — |
| Gross Margin | 63.8% | 27348.9% | — | -27285.1pp | — |
| Net Margin | -6.7% | -28021.2% | — | 28014.4pp | — |
| EPS (Diluted) | $-0.13 | $-1.07 | — | 87.9% | — |
| Free Cash Flow | $8M | -$13M | — | 157.7% | — |
| Item | Amount |
|---|---|
| REVENUE | $141M |
| Cost of Revenue | $51M |
| GROSS PROFIT | $90M |
| R&D Expenses | $3M |
| Selling & Marketing | $33M |
| General & Administrative | $19M |
| SG&A Expenses | $52M |
| Other Expenses | $0 |
| Operating Expenses | $55M |
| Cost & Expenses | $128M |
| OPERATING INCOME | $12M |
| Interest Income | $48.0K |
| Interest Expense | $2M |
| Other Income/Expenses | -$29M |
| INCOME BEFORE TAX | -$17M |
| Income Tax Expense | -$7M |
| Net Income from Continuing Ops | -$9M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$9M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$9M |
| D&A | $26M |
| EBIT | $12M |
| EBITDA | $39M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$9M |
| Depreciation & Amortization | $52M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | -$10M |
| Other Non-Cash Items | -$8M |
| Change in Working Capital | -$16M |
| OPERATING CASH FLOW | $12M |
| Capital Expenditure | -$4M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $2.0K |
| NET CASH FROM INVESTING | -$4M |
| Net Debt Issuance | -$13M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$60.0K |
| NET CASH FROM FINANCING | -$13M |
| FREE CASH FLOW | $8M |
| Net Change in Cash | -$6M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $41M |
| Short-Term Investments | $0 |
| Net Receivables | $88M |
| Inventory | $0 |
| Other Current Assets | $27M |
| TOTAL CURRENT ASSETS | $155M |
| PP&E (Net) | $5M |
| Goodwill | $46M |
| Intangible Assets | $726M |
| Long-Term Investments | $0 |
| Tax Assets | $3M |
| Other Non-Current Assets | $2M |
| TOTAL NON-CURRENT ASSETS | $782M |
| TOTAL ASSETS | $937M |
| Account Payables | $27M |
| Short-Term Debt | $3M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $92M |
| TOTAL CURRENT LIABILITIES | $127M |
| Long-Term Debt | $107M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $101M |
| Other Non-Current Liabilities | $7M |
| TOTAL NON-CURRENT LIABILITIES | $216M |
| TOTAL LIABILITIES | $343M |
| Common Stock | $72.0K |
| Additional Paid-In Capital | $1.6B |
| Retained Earnings | -$1.1B |
| Treasury Stock | -$689.0K |
| Accum. Other Comp. Income | $32M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $595M |
| Minority Interest | $0 |
| TOTAL EQUITY | $595M |
| TOTAL LIABILITIES & EQUITY | $937M |
| Total Debt | $111M |
| Net Debt | $71M |
