| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $291M | $285M | $252M | 2.0% | 15.3% |
| Op. Income | $17M | $24M | $8M | -27.9% | 130.7% |
| Gross Margin | 55.8% | 56.0% | 57.3% | -0.2pp | -1.5pp |
| Net Margin | 2.8% | 6.8% | -8.6% | -4.1pp | 11.4pp |
| EPS (Diluted) | $0.04 | $0.09 | $-0.10 | -59.0% | 136.1% |
| Free Cash Flow | $18M | $1M | $22M | 1730.0% | -18.3% |
| Item | Amount |
|---|---|
| REVENUE | $291M |
| Cost of Revenue | $129M |
| GROSS PROFIT | $162M |
| R&D Expenses | $57M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $88M |
| Other Expenses | $0 |
| Operating Expenses | $145M |
| Cost & Expenses | $273M |
| OPERATING INCOME | $17M |
| Interest Income | $0 |
| Interest Expense | $8M |
| Other Income/Expenses | -$7M |
| INCOME BEFORE TAX | $10M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | $8M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $8M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $8M |
| D&A | $18M |
| EBIT | $17M |
| EBITDA | $35M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $291M |
| Cost of Revenue | $129M |
| GROSS PROFIT | $162M |
| R&D Expenses | $57M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $88M |
| Other Expenses | $0 |
| Operating Expenses | $145M |
| Cost & Expenses | $273M |
| OPERATING INCOME | $17M |
| Interest Income | $0 |
| Interest Expense | $8M |
| Other Income/Expenses | -$7M |
| INCOME BEFORE TAX | $10M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | $8M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $8M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $8M |
| D&A | $18M |
| EBIT | $17M |
| EBITDA | $35M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $8M |
| Depreciation & Amortization | $18M |
| Stock-Based Compensation | $13M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $29M |
| Change in Working Capital | -$44M |
| OPERATING CASH FLOW | $24M |
| Capital Expenditure | -$6M |
| Acquisitions (Net) | -$4M |
| Purchases of Investments | -$1M |
| Sales/Maturities of Investments | $22M |
| Other Investing Activities | $400.0K |
| NET CASH FROM INVESTING | $12M |
| Net Debt Issuance | $200.0K |
| Common Stock Repurchased | -$100.0K |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$200.0K |
| NET CASH FROM FINANCING | -$100.0K |
| FREE CASH FLOW | $18M |
| Net Change in Cash | $49M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $424M |
| Short-Term Investments | $2M |
| Net Receivables | $293M |
| Inventory | $118M |
| Other Current Assets | $21M |
| TOTAL CURRENT ASSETS | $885M |
| PP&E (Net) | $266M |
| Goodwill | $596M |
| Intangible Assets | $132M |
| Long-Term Investments | $3M |
| Tax Assets | $87M |
| Other Non-Current Assets | $25M |
| TOTAL NON-CURRENT ASSETS | $1.1B |
| TOTAL ASSETS | $2.0B |
| Account Payables | $69M |
| Short-Term Debt | $246M |
| Deferred Revenue | $74M |
| Other Current Liabilities | $69M |
| TOTAL CURRENT LIABILITIES | $590M |
| Long-Term Debt | $396M |
| Deferred Revenue NC | $28M |
| Deferred Tax Liabilities | $6M |
| Other Non-Current Liabilities | $154M |
| TOTAL NON-CURRENT LIABILITIES | $624M |
| TOTAL LIABILITIES | $1.2B |
| Common Stock | $200.0K |
| Additional Paid-In Capital | $70.5B |
| Retained Earnings | -$69.6B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$110M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $780M |
| Minority Interest | $0 |
| TOTAL EQUITY | $780M |
| TOTAL LIABILITIES & EQUITY | $2.0B |
| Total Debt | $692M |
| Net Debt | $269M |
