| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $203M | $142M | $100M | 42.8% | 102.6% |
| Op. Income | $12M | $17M | $8M | -27.3% | 56.2% |
| Gross Margin | 52.0% | 51.3% | 9.5% | 0.7pp | 42.5pp |
| Net Margin | 11.5% | 16.3% | 15.4% | -4.8pp | -3.9pp |
| EPS (Diluted) | $0.57 | $0.06 | $0.04 | 828.6% | 1344.4% |
| Item | Amount |
|---|---|
| REVENUE | $203M |
| Cost of Revenue | $98M |
| GROSS PROFIT | $106M |
| R&D Expenses | $10M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $84M |
| Other Expenses | $1 |
| Operating Expenses | $94M |
| Cost & Expenses | $191M |
| OPERATING INCOME | $12M |
| Interest Income | $5M |
| Interest Expense | $0 |
| Other Income/Expenses | $5M |
| INCOME BEFORE TAX | $17M |
| Income Tax Expense | -$6M |
| Net Income from Continuing Ops | $23M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $23M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $23M |
| D&A | $0 |
| EBIT | $12M |
| EBITDA | $12M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $203M |
| Cost of Revenue | $98M |
| GROSS PROFIT | $106M |
| R&D Expenses | $10M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $84M |
| Other Expenses | $1 |
| Operating Expenses | $94M |
| Cost & Expenses | $191M |
| OPERATING INCOME | $12M |
| Interest Income | $5M |
| Interest Expense | $0 |
| Other Income/Expenses | $5M |
| INCOME BEFORE TAX | $17M |
| Income Tax Expense | -$6M |
| Net Income from Continuing Ops | $23M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $23M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $23M |
| D&A | $0 |
| EBIT | $12M |
| EBITDA | $12M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Cash & Equivalents | $165M |
| Short-Term Investments | $78M |
| Net Receivables | $302M |
| Inventory | $0 |
| Other Current Assets | $37M |
| TOTAL CURRENT ASSETS | $582M |
| PP&E (Net) | $41M |
| Goodwill | $12M |
| Intangible Assets | $26M |
| Long-Term Investments | $377M |
| Tax Assets | $419.6K |
| Other Non-Current Assets | $1 |
| TOTAL NON-CURRENT ASSETS | $456M |
| TOTAL ASSETS | $1.0B |
| Account Payables | $0 |
| Short-Term Debt | $8M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $268M |
| TOTAL CURRENT LIABILITIES | $277M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $6M |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $8M |
| TOTAL LIABILITIES | $285M |
| Common Stock | $20.9K |
| Additional Paid-In Capital | $985M |
| Retained Earnings | -$238M |
| Treasury Stock | -$2.3K |
| Accum. Other Comp. Income | $6M |
| Other Equity | $1 |
| TOTAL STOCKHOLDERS' EQUITY | $753M |
| Minority Interest | $0 |
| TOTAL EQUITY | $753M |
| TOTAL LIABILITIES & EQUITY | $1.0B |
| Total Debt | $10M |
| Net Debt | -$155M |
