| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $222M | $204M | $196M | 8.9% | 13.3% |
| Op. Income | $25M | $14M | $26M | 76.6% | -4.0% |
| Gross Margin | 49.8% | 48.0% | 49.4% | 1.8pp | 0.4pp |
| Net Margin | 8.4% | 5.2% | 9.6% | 3.2pp | -1.2pp |
| EPS (Diluted) | $0.34 | $0.19 | $0.34 | 78.9% | 0.0% |
| Free Cash Flow | $41M | $7M | $60M | 493.4% | -32.3% |
| Item | Amount |
|---|---|
| REVENUE | $222M |
| Cost of Revenue | $112M |
| GROSS PROFIT | $111M |
| R&D Expenses | $0 |
| Selling & Marketing | $21M |
| General & Administrative | $64M |
| SG&A Expenses | $85M |
| Other Expenses | $601.0K |
| Operating Expenses | $86M |
| Cost & Expenses | $197M |
| OPERATING INCOME | $25M |
| Interest Income | $1M |
| Interest Expense | $909.0K |
| Other Income/Expenses | $573.0K |
| INCOME BEFORE TAX | $26M |
| Income Tax Expense | $7M |
| Net Income from Continuing Ops | $19M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $19M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $19M |
| D&A | $9M |
| EBIT | $26M |
| EBITDA | $35M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $222M |
| Cost of Revenue | $112M |
| GROSS PROFIT | $111M |
| R&D Expenses | $0 |
| Selling & Marketing | $21M |
| General & Administrative | $64M |
| SG&A Expenses | $85M |
| Other Expenses | $601.0K |
| Operating Expenses | $86M |
| Cost & Expenses | $197M |
| OPERATING INCOME | $25M |
| Interest Income | $1M |
| Interest Expense | $909.0K |
| Other Income/Expenses | $573.0K |
| INCOME BEFORE TAX | $26M |
| Income Tax Expense | $7M |
| Net Income from Continuing Ops | $19M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $19M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $19M |
| D&A | $9M |
| EBIT | $26M |
| EBITDA | $35M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $19M |
| Depreciation & Amortization | $9M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | -$2M |
| Other Non-Cash Items | $17M |
| Change in Working Capital | $15M |
| OPERATING CASH FLOW | $57M |
| Capital Expenditure | -$16M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$14M |
| Sales/Maturities of Investments | $20M |
| Other Investing Activities | $169.0K |
| NET CASH FROM INVESTING | -$10M |
| Net Debt Issuance | -$37M |
| Common Stock Repurchased | $196.0K |
| Common Dividends Paid | $0 |
| Other Financing Activities | $50M |
| NET CASH FROM FINANCING | $13M |
| FREE CASH FLOW | $41M |
| Net Change in Cash | $61M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $127M |
| Short-Term Investments | $42M |
| Net Receivables | $94M |
| Inventory | $0 |
| Other Current Assets | -$23M |
| TOTAL CURRENT ASSETS | $247M |
| PP&E (Net) | $482M |
| Goodwill | $28M |
| Intangible Assets | $17M |
| Long-Term Investments | $41M |
| Tax Assets | $4M |
| Other Non-Current Assets | $7M |
| TOTAL NON-CURRENT ASSETS | $580M |
| TOTAL ASSETS | $826M |
| Account Payables | $105M |
| Short-Term Debt | $3M |
| Deferred Revenue | $92M |
| Other Current Liabilities | $14M |
| TOTAL CURRENT LIABILITIES | $230M |
| Long-Term Debt | $259M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $4M |
| Other Non-Current Liabilities | -$170M |
| TOTAL NON-CURRENT LIABILITIES | $268M |
| TOTAL LIABILITIES | $498M |
| Common Stock | $5.0K |
| Additional Paid-In Capital | $226M |
| Retained Earnings | $102M |
| Treasury Stock | -$365.0K |
| Accum. Other Comp. Income | $912.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $328M |
| Minority Interest | $0 |
| TOTAL EQUITY | $328M |
| TOTAL LIABILITIES & EQUITY | $826M |
| Total Debt | $454M |
| Net Debt | $132M |
