$109.60M
Revenue
$-10.64M
Net Income
87.08%
Gross Margin
-10.35%
Op. Margin
$-21.21M
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 | $109.60M | $109.60M | $106.94M | $97.42M | $134.65M | $122.71M |
| Revenue Growth % | 0.0% | 2.5% | 9.8% | -27.6% | 9.7% | nan% |
| Cost of Revenue | $14.16M | $14.16M | $12.77M | $11.65M | $27.05M | $16.83M |
| Gross Profit | $95.44M | $95.44M | $94.17M | $85.77M | $107.60M | $105.88M |
| Gross Margin % | 87.1% | 87.1% | 88.1% | 88.0% | 79.9% | 86.3% |
| Operating Expenses | $106.79M | $106.79M | $101.72M | $99.24M | $113.00M | $102.37M |
| Research & Development | $74.83M | $74.83M | $71.62M | $72.69M | $78.50M | $72.50M |
| Operating Income | $-11.35M | $-11.35M | $-7.54M | $-13.47M | $-5.41M | $3.51M |
| Operating Margin % | -10.4% | -10.4% | -7.1% | -13.8% | -4.0% | 2.9% |
| Interest Income | - | $5.50M | $4.95M | $4.36M | - | - |
| Income Before Tax | $-4.69M | $-4.69M | $-2.75M | $-8.21M | $-5.11M | $5.69M |
| Income Tax Expense | $5.95M | $5.95M | $6.03M | $10.23M | $18.07M | $5.29M |
| Net Income | $-10.64M | $-10.64M | $-8.79M | $-11.88M | $-23.18M | $396.00K |
| Net Margin % | -9.7% | -9.7% | -8.2% | -12.2% | -17.2% | 0.3% |
| Basic EPS | nan | -0.44 | -0.37 | -0.51 | -1.00 | 0.02 |
| Diluted EPS | nan | -0.44 | -0.37 | -0.51 | -1.00 | 0.02 |
| Basic Shares Outstanding | 426K | 24.3M | 23.6M | 23.5M | 23.2M | 22.8M |
| Diluted Shares Outstanding | - | 24.3M | 23.6M | 23.5M | 23.2M | 23.3M |
| 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 | $40.59M | $18.50M | $23.29M | $21.29M | $33.15M |
| Accounts Receivable | $49.35M | $37.21M | $30.31M | $31.25M | $27.45M |
| Other Current Assets | $13.50M | $15.49M | $12.53M | $6.90M | $6.67M |
| Total Current Assets | $284.84M | $216.34M | $209.37M | $177.62M | $188.98M |
| Property Plant & Equipment | $7.05M | $6.88M | $6.73M | $7.10M | $6.76M |
| Goodwill | $58.31M | $58.31M | $58.31M | $74.78M | $74.78M |
| Intangible Assets | $1.04M | $1.88M | $2.97M | $6.68M | $14.61M |
| Other Non-current Assets | $11.69M | $10.80M | $10.64M | $6.29M | $5.76M |
| Total Assets | $388.26M | $308.95M | $304.08M | $308.44M | $328.66M |
| Accrued Liabilities | $5.18M | $6.24M | $5.80M | $6.66M | $4.03M |
| Deferred Revenue | $3.50M | $3.60M | $3.02M | $3.17M | $8.66M |
| Other Current Liabilities | $1.45M | $1.31M | - | - | - |
| Total Current Liabilities | $28.68M | $30.53M | $26.89M | $33.28M | $35.44M |
| Common Stock | $28.00K | $24.00K | $23.00K | $23.00K | $23.00K |
| Retained Earnings | $-24.00K | $11.19M | $20.17M | $32.16M | $55.48M |
| Treasury Stock | - | - | - | $9.90M | $13.79M |
| Total Stockholders Equity | $336.46M | $266.56M | $264.34M | $258.87M | $276.73M |
| Total Liabilities & Equity | $388.26M | $308.95M | $304.08M | $308.44M | $328.66M |
| 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 | $-13.96M | $-10.64M | $-8.79M | $-11.88M | $-23.18M | $396.00K |
| Stock-based Compensation | $33.34M | $19.80M | $15.57M | $16.20M | $14.51M | $13.05M |
| Change in Receivables | - | $11.85M | $6.78M | $25.00K | - | - |
| Operating Cash Flow | $-16.98M | $-3.36M | $3.47M | $-6.33M | $6.92M | $25.80M |
| Capital Expenditure | $4.23M | $2.92M | $2.96M | $2.88M | $3.50M | $2.19M |
| Acquisitions | - | - | - | $3.60M | - | $29.89M |
| Sales of Investments | $142.82M | $61.30M | $29.78M | $10.34M | $18.20M | $26.04M |
| Investing Cash Flow | $-6.98M | $-34.00M | $-2.45M | $10.84M | $-15.12M | $-16.71M |
| Stock Repurchased | $13.31M | $7.15M | $8.46M | $6.16M | $6.79M | - |
| Financing Cash Flow | $56.16M | $59.34M | $-5.57M | $-2.77M | $-3.31M | $3.24M |
| Net Change in Cash | $32.99M | $22.09M | $-4.79M | $2.00M | $-11.87M | $12.01M |
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 | $28.38M | $27.21M | $78.31M | $77.72M |
| Cost of Revenue | $3.39M | $3.96M | $10.43M | $9.40M |
| Gross Profit | $24.99M | $23.25M | $67.88M | $68.32M |
| Operating Expenses | $27.08M | $25.87M | $78.83M | $75.94M |
| Research & Development | $19.53M | $17.99M | $55.90M | $54.74M |
| Operating Income | $-2.08M | $-2.62M | $-10.95M | $-7.62M |
| Income Before Tax | $-838.00K | $-304.00K | $-5.74M | $-2.75M |
| Income Tax Expense | $1.67M | $1.01M | $3.80M | $4.30M |
| Net Income | $-2.51M | $-1.31M | $-9.54M | $-7.05M |
| Basic Shares Outstanding | $23.94M | $23.68M | $23.87M | $23.61M |
Condensed Consolidated Balance Sheets
| Description | Sep 30, 2025 | Dec 31, 2024 |
|---|---|---|
| Cash & Cash Equivalents | $17.27M | $18.50M |
| Accounts Receivable | $49.70M | $37.21M |
| Other Current Assets | $12.65M | $15.49M |
| Total Current Assets | $214.41M | $216.34M |
| Property Plant & Equipment | $6.01M | $6.88M |
| Goodwill | $58.31M | $58.31M |
| Intangible Assets | $1.25M | $1.88M |
| Other Non-current Assets | $12.60M | $10.80M |
| Total Assets | $306.01M | $308.95M |
| Accrued Liabilities | $5.24M | $6.24M |
| Deferred Revenue | $3.05M | $3.60M |
| Total Current Liabilities | $24.71M | $30.53M |
| Common Stock | $24.00K | $24.00K |
| Retained Earnings | $1.10M | $11.19M |
| Total Stockholders Equity | $268.72M | $266.56M |
| Total Liabilities & Equity | $306.01M | $308.95M |
Condensed Consolidated Statements of Cash Flows
| Description | Sep 30, 2025 | Sep 30, 2025 | ||
|---|---|---|---|---|
| Current | Prior Year | Current YTD | Prior Year YTD | |
| Net Income | $-2.51M | $-1.31M | $-9.54M | $-7.05M |
| Stock-based Compensation | - | - | $14.10M | $11.68M |
| Change in Receivables | - | - | $12.22M | $7.81M |
| Operating Cash Flow | - | - | $-12.08M | $-4.57M |
| Capital Expenditure | - | - | $1.43M | $1.93M |
| Sales of Investments | - | - | $59.20M | $24.58M |
| Investing Cash Flow | - | - | $14.61M | $-1.06M |
| Stock Repurchased | - | - | $7.15M | $7.46M |
| Financing Cash Flow | - | - | $-3.93M | $-4.57M |
| Net Change in Cash | - | - | $-1.23M | $-10.06M |
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.