| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $395M | $337M | $315M | 17.0% | 25.4% |
| Op. Income | $8M | $15M | $11M | -46.1% | -22.4% |
| Gross Margin | 72.7% | 55.4% | 54.6% | 17.3pp | 18.1pp |
| Net Margin | 1.7% | -1.1% | 4.8% | 2.7pp | -3.2pp |
| EPS (Diluted) | $0.03 | $-0.02 | $0.06 | 272.9% | -51.7% |
| Free Cash Flow | $61M | $52M | $31M | 16.1% | 93.4% |
| Item | Amount |
|---|---|
| REVENUE | $395M |
| Cost of Revenue | $108M |
| GROSS PROFIT | $287M |
| R&D Expenses | $30M |
| Selling & Marketing | $93M |
| General & Administrative | $60M |
| SG&A Expenses | $153M |
| Other Expenses | $95M |
| Operating Expenses | $279M |
| Cost & Expenses | $386M |
| OPERATING INCOME | $8M |
| Interest Income | $0 |
| Interest Expense | $54.0K |
| Other Income/Expenses | -$7M |
| INCOME BEFORE TAX | $1M |
| Income Tax Expense | -$5M |
| 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 | $20M |
| EBIT | $1M |
| EBITDA | $21M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $395M |
| Cost of Revenue | $108M |
| GROSS PROFIT | $287M |
| R&D Expenses | $30M |
| Selling & Marketing | $93M |
| General & Administrative | $60M |
| SG&A Expenses | $153M |
| Other Expenses | $95M |
| Operating Expenses | $279M |
| Cost & Expenses | $386M |
| OPERATING INCOME | $8M |
| Interest Income | $0 |
| Interest Expense | $54.0K |
| Other Income/Expenses | -$7M |
| INCOME BEFORE TAX | $1M |
| Income Tax Expense | -$5M |
| 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 | $20M |
| EBIT | $1M |
| EBITDA | $21M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $7M |
| Depreciation & Amortization | $20M |
| Stock-Based Compensation | $44M |
| Deferred Income Tax | -$4M |
| Other Non-Cash Items | $12M |
| Change in Working Capital | -$13M |
| OPERATING CASH FLOW | $64M |
| Capital Expenditure | -$3M |
| Acquisitions (Net) | -$89M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$5M |
| NET CASH FROM INVESTING | -$97M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$35M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $3M |
| NET CASH FROM FINANCING | -$32M |
| FREE CASH FLOW | $61M |
| Net Change in Cash | -$65M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $320M |
| Short-Term Investments | $0 |
| Net Receivables | $322M |
| Inventory | $0 |
| Other Current Assets | $15M |
| TOTAL CURRENT ASSETS | $686M |
| PP&E (Net) | $34M |
| Goodwill | $528M |
| Intangible Assets | $249M |
| Long-Term Investments | $0 |
| Tax Assets | $1M |
| Other Non-Current Assets | $5M |
| TOTAL NON-CURRENT ASSETS | $818M |
| TOTAL ASSETS | $1.5B |
| Account Payables | $40M |
| Short-Term Debt | $0 |
| Deferred Revenue | $35M |
| Other Current Liabilities | $354M |
| TOTAL CURRENT LIABILITIES | $429M |
| Long-Term Debt | $197M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $17M |
| Other Non-Current Liabilities | $55M |
| TOTAL NON-CURRENT LIABILITIES | $269M |
| TOTAL LIABILITIES | $699M |
| Common Stock | $245.0K |
| Additional Paid-In Capital | $1.9B |
| Retained Earnings | -$1.1B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $466.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $805M |
| Minority Interest | $0 |
| TOTAL EQUITY | $805M |
| TOTAL LIABILITIES & EQUITY | $1.5B |
| Total Debt | $197M |
| Net Debt | -$123M |
