$357.47M
Revenue
$-10.00M
Net Income
40.48%
Gross Margin
1.26%
Op. Margin
$39.93M
Free Cash Flow
| Breakdown | TTM (Dec 31, 2025) |
FY 2025 (Dec 31, 2025) |
FY 2024 (Dec 31, 2024) |
FY 2023 (Dec 31, 2023) |
FY 2022 (Dec 31, 2022) |
FY 2021 (Dec 31, 2021) |
|---|---|---|---|---|---|---|
| Total Revenue | $357.47M | $357.47M | $356.05M | $371.34M | $376.42M | $367.01M |
| Revenue Growth % | 0.0% | 0.4% | -4.1% | -1.3% | 2.6% | nan% |
| Cost of Revenue | $212.76M | $212.76M | $208.71M | $205.58M | $205.29M | $203.04M |
| Gross Profit | $144.71M | $144.71M | $147.34M | $165.76M | $171.13M | $163.97M |
| Gross Margin % | 40.5% | 40.5% | 41.4% | 44.6% | 45.5% | 44.7% |
| Operating Expenses | $352.96M | $352.96M | $415.56M | $444.94M | $451.30M | $395.88M |
| Research & Development | $30.17M | $30.17M | $33.07M | $33.70M | $36.99M | $39.12M |
| Operating Income | $4.51M | $4.51M | $-59.51M | $-73.60M | $-74.87M | $-28.86M |
| Operating Margin % | 1.3% | 1.3% | -16.7% | -19.8% | -19.9% | -7.9% |
| Interest Expense | - | $5.97M | $1.21M | $1.54M | $652.00K | $1.01M |
| Other Income/Expense | - | - | $651.00K | $42.00K | $9.79M | $-5.78M |
| Income Before Tax | $-8.08M | $-8.08M | $-59.32M | $-77.83M | $-64.84M | $-49.18M |
| Income Tax Expense | $1.93M | $1.93M | $924.00K | $1.53M | $1.72M | $859.00K |
| Net Income | $-10.00M | $-10.00M | $-60.25M | $-79.36M | $-66.56M | $-50.04M |
| Net Margin % | -2.8% | -2.8% | -16.9% | -21.4% | -17.7% | -13.6% |
| Basic EPS | 4.29 | 4.30 | -15.53 | -19.88 | -0.89 | -0.78 |
| Diluted EPS | 4.24 | 4.25 | -15.53 | -19.88 | -0.89 | -0.78 |
| Basic Shares Outstanding | - | 5.2M | 5.0M | 4.8M | 92.7M | 80.8M |
| Diluted Shares Outstanding | - | 5.3M | 5.0M | 4.8M | 92.7M | 80.8M |
| Breakdown | FY 2025 (Dec 31, 2025) |
FY 2024 (Dec 31, 2024) |
FY 2023 (Dec 31, 2023) |
FY 2022 (Dec 31, 2022) |
FY 2021 (Dec 31, 2021) |
|---|---|---|---|---|---|
| Cash & Cash Equivalents | $23.62M | $29.94M | $22.75M | $20.04M | $21.85M |
| Accounts Receivable | $57.26M | $64.27M | $63.83M | $68.46M | $72.06M |
| Other Current Assets | $12.21M | $10.32M | $11.23M | $15.92M | $14.77M |
| Total Current Assets | $96.27M | $108.06M | $97.99M | $104.82M | $109.11M |
| Goodwill | $248.64M | $246.01M | $310.36M | $387.97M | $435.71M |
| Intangible Assets | $2.53M | $5.06M | $8.12M | $13.33M | $39.95M |
| Other Non-current Assets | $4.84M | $8.21M | $12.04M | $10.88M | $10.26M |
| Total Assets | $407.71M | $430.25M | $491.30M | $580.59M | $663.47M |
| Accounts Payable | $16.96M | $16.47M | $30.55M | $29.09M | $23.57M |
| Accrued Liabilities | $44.88M | $35.01M | $34.42M | $43.39M | $45.26M |
| Deferred Revenue | $36.58M | $45.46M | $48.91M | $52.94M | $54.01M |
| Other Current Liabilities | $8.09M | $7.23M | $4.68M | $12.65M | $12.85M |
| Total Current Liabilities | $122.89M | $131.30M | $182.56M | $165.09M | $165.37M |
| Long-term Debt | $41.55M | $41.17M | - | - | - |
| Deferred Tax Liabilities | $2.00M | $891.00K | $1.32M | $2.13M | $2.10M |
| Other Non-current Liabilities | - | $9.77M | $7.59M | $10.63M | $16.88M |
| Total Liabilities | $206.55M | $231.04M | $247.31M | $248.54M | $252.41M |
| Common Stock | $15.00K | $5.00K | $5.00K | $92.00K | $90.00K |
| Retained Earnings | $-1.43B | $-1.47B | $-1.40B | $-1.30B | $-1.22B |
| Treasury Stock | - | - | - | $229.98M | $229.98M |
| Total Stockholders Equity | $111.44M | $-8.26M | $56.10M | $144.16M | $223.18M |
| Total Liabilities & Equity | $407.71M | $430.25M | $491.30M | $580.59M | $663.47M |
| Breakdown | TTM (Dec 31, 2025) |
FY 2025 (Dec 31, 2025) |
FY 2024 (Dec 31, 2024) |
FY 2023 (Dec 31, 2023) |
FY 2022 (Dec 31, 2022) |
FY 2021 (Dec 31, 2021) |
|---|---|---|---|---|---|---|
| Net Income | $-10.00M | $-10.00M | $-60.25M | $-79.36M | $-66.56M | $-50.04M |
| Stock-based Compensation | $5.88M | $2.66M | $3.19M | $4.54M | $8.18M | $13.85M |
| Deferred Income Tax | $272.00K | $818.00K | $-841.00K | $-35.00K | $-475.00K | $-1.72M |
| Change in Receivables | $-31.94M | $-6.63M | $1.65M | $-4.78M | $-2.60M | $2.08M |
| Operating Cash Flow | $41.79M | $22.74M | $18.10M | $28.93M | $34.94M | $9.86M |
| Capital Expenditure | $1.86M | $956.00K | $813.00K | $1.58M | $1.14M | $803.00K |
| Investing Cash Flow | $-40.43M | $-23.39M | $-24.06M | $-23.79M | $-17.82M | $-14.65M |
| Financing Cash Flow | $-14.59M | $-7.00M | $17.62M | $-3.39M | $-18.13M | $-22.45M |
| Net Change in Cash | $-9.58M | $-6.67M | $10.53M | $2.49M | $-1.84M | $-28.46M |
SEC Filing Format - Data shown as it appears in the Q3 2025 (10-Q) filing
Period ended: Sep 30, 2025
Condensed Consolidated Statements of Operations
| Description | Sep 30, 2025 | Sep 30, 2025 | ||
|---|---|---|---|---|
| Current | Prior Year | Current YTD | Prior Year YTD | |
| Total Revenue | $88.91M | - | $264.00M | - |
| Cost of Revenue | $52.78M | - | $157.63M | - |
| Operating Expenses | $87.20M | - | $266.05M | - |
| Research & Development | $7.18M | - | $23.11M | - |
| Operating Income | $1.71M | - | $-2.04M | - |
| Interest Expense | - | - | $3.94M | - |
| Other Income/Expense | - | - | - | - |
| Income Before Tax | $142.00K | - | $-12.46M | - |
| Income Tax Expense | $-311.00K | - | $570.00K | - |
| Net Income | $453.00K | $-1.71M | $-13.03M | - |
| Basic EPS | -0.86 | - | -5.24 | - |
| Diluted EPS | -0.86 | - | -5.24 | - |
| Basic Shares Outstanding | $5.25M | - | $5.14M | - |
| Diluted Shares Outstanding | $5.25M | - | $5.14M | - |
Condensed Consolidated Balance Sheets
| Description | Sep 30, 2025 | Dec 31, 2024 |
|---|---|---|
| Cash & Cash Equivalents | $26.70M | $29.94M |
| Accounts Receivable | $50.59M | $64.27M |
| Other Current Assets | $11.04M | $10.32M |
| Total Current Assets | $91.52M | $108.06M |
| Goodwill | $248.50M | $246.01M |
| Intangible Assets | $3.16M | $5.06M |
| Other Non-current Assets | $6.41M | $8.21M |
| Total Assets | $406.94M | $430.25M |
| Accounts Payable | $15.78M | $16.47M |
| Accrued Liabilities | $41.41M | $35.01M |
| Deferred Revenue | $39.88M | $45.46M |
| Other Current Liabilities | $5.82M | $7.23M |
| Total Current Liabilities | $141.60M | $131.30M |
| Long-term Debt | $39.64M | $40.72M |
| Deferred Tax Liabilities | $1.42M | $891.00K |
| Other Non-current Liabilities | $8.15M | $9.77M |
| Total Liabilities | $225.73M | $231.04M |
| Common Stock | $5.00K | $5.00K |
| Retained Earnings | $-1.50B | $-1.47B |
| Total Stockholders Equity | $-26.26M | $-8.26M |
| Total Liabilities & Equity | $406.94M | $430.25M |
Condensed Consolidated Statements of Cash Flows
| Description | Sep 30, 2025 | Sep 30, 2025 | ||
|---|---|---|---|---|
| Current | Prior Year | Current YTD | Prior Year YTD | |
| Net Income | $453.00K | $-1.71M | $-13.03M | - |
| Stock-based Compensation | - | - | $2.86M | - |
| Deferred Income Tax | - | - | $520.00K | - |
| Change in Receivables | - | - | $-13.99M | - |
| Operating Cash Flow | - | - | $19.49M | - |
| Capital Expenditure | - | - | $649.00K | - |
| Investing Cash Flow | - | - | $-17.41M | - |
| Financing Cash Flow | - | - | $-6.54M | - |
| Net Change in Cash | - | - | $-3.58M | - |
All values are in USD (United States Dollars). Data is sourced from SEC EDGAR 10-K filings.
Annual data represents full fiscal year results. FY = Fiscal Year ending.