| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $195M | $192M | $178M | 1.4% | 9.1% |
| Op. Income | $2M | $4M | -$13M | -62.1% | 112.5% |
| Gross Margin | 61.2% | 63.1% | 65.6% | -2.0pp | -4.4pp |
| Net Margin | -3.6% | 2.1% | -38.0% | -5.7pp | 34.4pp |
| EPS (Diluted) | $-0.04 | $0.02 | $-0.43 | -260.6% | 90.7% |
| Free Cash Flow | $20M | $36M | $18M | -45.3% | 10.1% |
| Item | Amount |
|---|---|
| REVENUE | $195M |
| Cost of Revenue | $76M |
| GROSS PROFIT | $119M |
| R&D Expenses | $22M |
| Selling & Marketing | $52M |
| General & Administrative | $41M |
| SG&A Expenses | $93M |
| Other Expenses | $2M |
| Operating Expenses | $117M |
| Cost & Expenses | $193M |
| OPERATING INCOME | $2M |
| Interest Income | $1M |
| Interest Expense | $0 |
| Other Income/Expenses | -$3M |
| INCOME BEFORE TAX | -$1M |
| Income Tax Expense | $6M |
| Net Income from Continuing Ops | -$7M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$7M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$7M |
| D&A | $26M |
| EBIT | -$1M |
| EBITDA | $25M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$7M |
| Depreciation & Amortization | $28M |
| Stock-Based Compensation | $12M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $1M |
| Change in Working Capital | $13M |
| OPERATING CASH FLOW | $47M |
| Capital Expenditure | -$27M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$5M |
| NET CASH FROM INVESTING | -$32M |
| Net Debt Issuance | -$4M |
| Common Stock Repurchased | -$10M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$3M |
| NET CASH FROM FINANCING | -$15M |
| FREE CASH FLOW | $20M |
| Net Change in Cash | -$25M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $314M |
| Short-Term Investments | $0 |
| Net Receivables | $183M |
| Inventory | $0 |
| Other Current Assets | $63M |
| TOTAL CURRENT ASSETS | $561M |
| PP&E (Net) | $219M |
| Goodwill | $396M |
| Intangible Assets | $35M |
| Long-Term Investments | $15M |
| Tax Assets | $85.0K |
| Other Non-Current Assets | $44M |
| TOTAL NON-CURRENT ASSETS | $710M |
| TOTAL ASSETS | $1.3B |
| Account Payables | $38M |
| Short-Term Debt | $4M |
| Deferred Revenue | $383M |
| Other Current Liabilities | $91M |
| TOTAL CURRENT LIABILITIES | $575M |
| Long-Term Debt | $346M |
| Deferred Revenue NC | $5M |
| Deferred Tax Liabilities | $6M |
| Other Non-Current Liabilities | $71M |
| TOTAL NON-CURRENT LIABILITIES | $437M |
| TOTAL LIABILITIES | $1.0B |
| Common Stock | $159.0K |
| Additional Paid-In Capital | $316M |
| Retained Earnings | -$46M |
| Treasury Stock | -$10M |
| Accum. Other Comp. Income | -$1M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $259M |
| Minority Interest | $0 |
| TOTAL EQUITY | $259M |
| TOTAL LIABILITIES & EQUITY | $1.3B |
| Total Debt | $360M |
| Net Debt | $46M |
