| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $176M | $176M | $162M | -0.0% | 8.6% |
| Op. Income | $48M | $49M | $42M | -2.4% | 14.2% |
| Gross Margin | 82.4% | 48.9% | 48.1% | 33.6pp | 34.3pp |
| Net Margin | 15.2% | 16.2% | 16.5% | -1.0pp | -1.3pp |
| EPS (Diluted) | $0.96 | $1.02 | $0.92 | -5.9% | 4.3% |
| Free Cash Flow | $34M | $62M | -$9M | -44.1% | 500.3% |
| Item | Amount |
|---|---|
| REVENUE | $176M |
| Cost of Revenue | $31M |
| GROSS PROFIT | $145M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $97M |
| Other Expenses | $0 |
| Operating Expenses | $97M |
| Cost & Expenses | $128M |
| OPERATING INCOME | $48M |
| Interest Income | $0 |
| Interest Expense | $9M |
| Other Income/Expenses | -$10M |
| INCOME BEFORE TAX | $38M |
| Income Tax Expense | $11M |
| Net Income from Continuing Ops | $27M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $27M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $27M |
| D&A | $6M |
| EBIT | $48M |
| EBITDA | $54M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $176M |
| Cost of Revenue | $31M |
| GROSS PROFIT | $145M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $97M |
| Other Expenses | $0 |
| Operating Expenses | $97M |
| Cost & Expenses | $128M |
| OPERATING INCOME | $48M |
| Interest Income | $0 |
| Interest Expense | $9M |
| Other Income/Expenses | -$10M |
| INCOME BEFORE TAX | $38M |
| Income Tax Expense | $11M |
| Net Income from Continuing Ops | $27M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $27M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $27M |
| D&A | $6M |
| EBIT | $48M |
| EBITDA | $54M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $27M |
| Depreciation & Amortization | $6M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $6M |
| Other Non-Cash Items | -$697.0K |
| Change in Working Capital | $19M |
| OPERATING CASH FLOW | $57M |
| Capital Expenditure | -$23M |
| Acquisitions (Net) | -$9M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$32M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$61M |
| Common Dividends Paid | -$8M |
| Other Financing Activities | -$102.0K |
| NET CASH FROM FINANCING | -$69M |
| FREE CASH FLOW | $34M |
| Net Change in Cash | -$47M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $239M |
| Short-Term Investments | $0 |
| Net Receivables | $21M |
| Inventory | $0 |
| Other Current Assets | $8M |
| TOTAL CURRENT ASSETS | $267M |
| PP&E (Net) | $179M |
| Goodwill | $84M |
| Intangible Assets | $57M |
| Long-Term Investments | $87M |
| Tax Assets | $0 |
| Other Non-Current Assets | $19M |
| TOTAL NON-CURRENT ASSETS | $426M |
| TOTAL ASSETS | $693M |
| Account Payables | $13M |
| Short-Term Debt | $3M |
| Deferred Revenue | $48M |
| Other Current Liabilities | $18M |
| TOTAL CURRENT LIABILITIES | $82M |
| Long-Term Debt | $1.3B |
| Deferred Revenue NC | $48M |
| Deferred Tax Liabilities | $33M |
| Other Non-Current Liabilities | -$58M |
| TOTAL NON-CURRENT LIABILITIES | $1.3B |
| TOTAL LIABILITIES | $1.4B |
| Common Stock | $275.0K |
| Additional Paid-In Capital | $2M |
| Retained Earnings | -$745M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $6M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$737M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$737M |
| TOTAL LIABILITIES & EQUITY | $693M |
| Total Debt | $1.3B |
| Net Debt | $1.1B |
