| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $138M | $227M | $212M | -39.2% | -34.9% |
| Op. Income | -$6M | $95M | $43M | -106.8% | -114.9% |
| Gross Margin | 72.8% | 90.4% | 86.4% | -17.5pp | -13.6pp |
| Net Margin | -92.0% | 20.4% | 22.8% | -112.4pp | -114.8pp |
| EPS (Diluted) | $-2.92 | $0.53 | $0.56 | -649.5% | -623.6% |
| Item | Amount |
|---|---|
| REVENUE | $138M |
| Cost of Revenue | $38M |
| GROSS PROFIT | $101M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $107M |
| Operating Expenses | $107M |
| Cost & Expenses | $145M |
| OPERATING INCOME | -$6M |
| Interest Income | $2M |
| Interest Expense | $0 |
| Other Income/Expenses | -$156M |
| INCOME BEFORE TAX | -$162M |
| Income Tax Expense | -$35M |
| Net Income from Continuing Ops | -$127M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$127M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$127M |
| D&A | $685.6K |
| EBIT | -$162M |
| EBITDA | -$162M |
| EPS | -$3 |
| EPS Diluted | -$3 |
| Item | Amount |
|---|---|
| Cash & Equivalents | $566M |
| Short-Term Investments | $0 |
| Net Receivables | $800M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $1.4B |
| PP&E (Net) | $13M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $180M |
| Tax Assets | $48M |
| Other Non-Current Assets | $361M |
| TOTAL NON-CURRENT ASSETS | $602M |
| TOTAL ASSETS | $2.0B |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $0 |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $33.2K |
| Deferred Tax Liabilities | $4M |
| Other Non-Current Liabilities | $601M |
| TOTAL NON-CURRENT LIABILITIES | $612M |
| TOTAL LIABILITIES | $612M |
| Common Stock | $19.4K |
| Additional Paid-In Capital | $766M |
| Retained Earnings | $613M |
| Treasury Stock | -$25M |
| Accum. Other Comp. Income | $2M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.4B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.4B |
| TOTAL LIABILITIES & EQUITY | $2.0B |
| Total Debt | $6M |
| Net Debt | -$560M |
