| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.4B | $1.3B | $1.2B | 5.0% | 14.3% |
| Op. Income | $62M | $41M | $14M | 51.0% | 352.3% |
| Gross Margin | 49.6% | 48.6% | 49.2% | 1.0pp | 0.4pp |
| Net Margin | -3.4% | 2.9% | -1.0% | -6.2pp | -2.3pp |
| EPS (Diluted) | $-0.30 | $0.23 | $-0.08 | -230.4% | -275.0% |
| Free Cash Flow | $344M | $248M | $93M | 38.8% | 267.7% |
| Item | Amount |
|---|---|
| REVENUE | $1.4B |
| Cost of Revenue | $688M |
| GROSS PROFIT | $678M |
| R&D Expenses | $269M |
| Selling & Marketing | $222M |
| General & Administrative | $109M |
| SG&A Expenses | $331M |
| Other Expenses | $16M |
| Operating Expenses | $616M |
| Cost & Expenses | $1.3B |
| OPERATING INCOME | $62M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | -$100M |
| INCOME BEFORE TAX | -$38M |
| Income Tax Expense | $8M |
| 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 | $75M |
| EBIT | -$38M |
| EBITDA | $37M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$46M |
| Depreciation & Amortization | $65M |
| Stock-Based Compensation | $154M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $115M |
| Change in Working Capital | $19M |
| OPERATING CASH FLOW | $307M |
| Capital Expenditure | $37M |
| Acquisitions (Net) | -$61M |
| Purchases of Investments | -$271M |
| Sales/Maturities of Investments | $207M |
| Other Investing Activities | -$14M |
| NET CASH FROM INVESTING | -$140M |
| Net Debt Issuance | -$36M |
| Common Stock Repurchased | -$198M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$219M |
| FREE CASH FLOW | $344M |
| Net Change in Cash | -$53M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $682M |
| Short-Term Investments | $1.8B |
| Net Receivables | $637M |
| Inventory | $0 |
| Other Current Assets | $470M |
| TOTAL CURRENT ASSETS | $3.6B |
| PP&E (Net) | $216M |
| Goodwill | $5.3B |
| Intangible Assets | $142M |
| Long-Term Investments | $302M |
| Tax Assets | $0 |
| Other Non-Current Assets | $243M |
| TOTAL NON-CURRENT ASSETS | $6.2B |
| TOTAL ASSETS | $9.8B |
| Account Payables | $85M |
| Short-Term Debt | $35M |
| Deferred Revenue | $159M |
| Other Current Liabilities | $608M |
| TOTAL CURRENT LIABILITIES | $887M |
| Long-Term Debt | $1.0B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | -$38M |
| TOTAL NON-CURRENT LIABILITIES | $1.1B |
| TOTAL LIABILITIES | $1.9B |
| Common Stock | $152.0K |
| Additional Paid-In Capital | $16.1B |
| Retained Earnings | -$8.3B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $16M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $7.8B |
| Minority Interest | $0 |
| TOTAL EQUITY | $7.8B |
| TOTAL LIABILITIES & EQUITY | $9.8B |
| Total Debt | $1.1B |
| Net Debt | $453M |
