$180.85M
Revenue
$-12.07M
Net Income
70.59%
Gross Margin
-2.74%
Op. Margin
$13.72M
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 | $180.85M | $180.85M | $178.72M | $175.17M | $168.81M | $165.02M |
| Revenue Growth % | 0.0% | 1.2% | 2.0% | 3.8% | 2.3% | nan% |
| Cost of Revenue | $53.19M | $53.19M | $59.61M | $62.94M | $61.87M | $62.31M |
| Gross Profit | $127.67M | $127.67M | $119.11M | $112.23M | $106.94M | $102.70M |
| Gross Margin % | 70.6% | 70.6% | 66.6% | 64.1% | 63.3% | 62.2% |
| Operating Expenses | $132.63M | $132.63M | $143.21M | $150.89M | $163.32M | $135.38M |
| Research & Development | $45.99M | $45.99M | $49.43M | $52.40M | $57.39M | $48.38M |
| Operating Income | $-4.96M | $-4.96M | $-24.10M | $-38.66M | $-56.38M | $-32.67M |
| Operating Margin % | -2.7% | -2.7% | -13.5% | -22.1% | -33.4% | -19.8% |
| Interest Expense | $3.91M | $2.23M | $2.69M | $2.95M | $2.30M | $1.94M |
| Other Income/Expense | $-4.05M | $-4.05M | $434.00K | $1.20M | $-4.25M | $-20.11M |
| Income Before Tax | $-9.01M | $-9.01M | $-23.66M | $-37.45M | $-60.63M | $-52.78M |
| Income Tax Expense | $3.06M | $3.06M | $7.65M | $8.91M | $7.87M | $6.57M |
| Net Income | $-12.07M | $-12.07M | $-31.32M | $-46.37M | $-68.50M | $-59.35M |
| Net Margin % | -6.7% | -6.7% | -17.5% | -26.5% | -40.6% | -36.0% |
| Basic EPS | nan | -0.08 | -0.21 | -0.34 | -0.53 | -0.95 |
| Diluted EPS | nan | -0.08 | -0.21 | -0.34 | nan | nan |
| Basic Shares Outstanding | - | 152.9M | 147.9M | 138.2M | 130.4M | 71.1M |
| Diluted Shares Outstanding | - | 152.9M | 147.9M | 138.2M | - | - |
| 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 | $27.52M | $33.06M | $36.68M | $44.62M | $143.95M |
| Short-term Investments | $24.36M | $48.27M | $32.69M | $41.34M | - |
| Accounts Receivable | $16.36M | $19.98M | $23.31M | $28.79M | $17.51M |
| Other Current Assets | $1.45M | $929.00K | $8.41M | $7.52M | $5.11M |
| Total Current Assets | $90.68M | $121.56M | $111.73M | $133.03M | $175.65M |
| Property Plant & Equipment | $12.36M | $16.19M | $20.11M | $15.14M | $9.50M |
| Goodwill | $25.42M | $11.07M | $11.07M | $11.07M | $11.07M |
| Intangible Assets | $2.14M | $212.00K | $689.00K | $1.24M | $1.91M |
| Long-term Investments | $10.88M | $3.38M | $5.84M | - | - |
| Other Non-current Assets | $3.50M | $2.98M | $3.10M | $3.18M | $2.54M |
| Total Assets | $164.70M | $181.31M | $183.74M | $206.17M | $223.29M |
| Accounts Payable | - | - | - | - | $6.48M |
| Accrued Liabilities | $3.36M | $6.37M | - | - | - |
| Deferred Revenue | $60.29M | $63.12M | $62.36M | $59.84M | $51.69M |
| Total Current Liabilities | $126.48M | $101.66M | $99.91M | $108.84M | $98.09M |
| Long-term Debt | $29.31M | $29.15M | $33.05M | $30.00M | $35.80M |
| Other Non-current Liabilities | $15.32M | $10.77M | $2.29M | $2.02M | $2.19M |
| Total Liabilities | $158.37M | $156.92M | $153.42M | $162.82M | $138.02M |
| Retained Earnings | $-480.88M | $-468.81M | $-437.50M | $-391.13M | $-322.63M |
| Treasury Stock | $34.01M | $7.80M | $4.88M | $4.88M | $4.88M |
| Total Stockholders Equity | $6.33M | $24.39M | $30.32M | $43.35M | $85.27M |
| Total Liabilities & Equity | $164.70M | $181.31M | $183.74M | $206.17M | $223.29M |
| 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 | $-12.07M | $-12.07M | $-31.32M | $-46.37M | $-68.50M | $-59.35M |
| Depreciation & Amortization | $7.97M | $4.50M | $5.06M | $4.72M | $2.71M | $2.41M |
| Stock-based Compensation | $29.65M | $16.49M | $26.26M | $29.98M | $23.64M | $17.07M |
| Deferred Income Tax | - | $45.00K | $45.00K | $418.00K | - | - |
| Change in Receivables | $-4.13M | $-3.62M | $-3.33M | $-5.47M | $11.28M | $1.06M |
| Change in Payables | - | - | - | - | - | $3.89M |
| Operating Cash Flow | $15.10M | $14.54M | $12.23M | $-8.30M | $-46.83M | $-22.11M |
| Capital Expenditure | $1.38M | $661.00K | $521.00K | $2.61M | $1.22M | $1.88M |
| Acquisitions | - | $7.15M | - | - | - | - |
| Investing Cash Flow | $22.92M | $9.05M | $-12.41M | $-1.58M | $-49.76M | $-5.24M |
| Debt Repayment | $5.91M | $3.50M | $2.19M | $4.50M | $3.00M | $51.83M |
| Stock Repurchased | $38.12M | $26.20M | $2.92M | - | - | - |
| Financing Cash Flow | $-43.61M | $-29.65M | $-3.53M | $109.00K | $-529.00K | $143.37M |
| Net Change in Cash | $-4.51M | $-5.54M | $-3.62M | $-9.05M | $-98.54M | $116.02M |
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 | $43.87M | $44.30M | $135.31M | $133.11M |
| Cost of Revenue | $13.14M | $14.75M | $40.63M | $46.28M |
| Gross Profit | $30.73M | $29.54M | $94.68M | $86.83M |
| Operating Expenses | $32.23M | $34.01M | $100.52M | $107.13M |
| Research & Development | $11.48M | $12.43M | $35.14M | $36.46M |
| Operating Income | $-1.50M | $-4.47M | $-5.84M | $-20.31M |
| Interest Expense | - | - | $1.71M | $2.08M |
| Other Income/Expense | $85.00K | $2.16M | $-2.68M | $1.67M |
| Income Before Tax | $-1.42M | $-2.31M | $-8.52M | $-18.63M |
| Income Tax Expense | $1.21M | $1.30M | $2.98M | $6.08M |
| Net Income | $-2.63M | $-3.61M | $-11.50M | $-24.71M |
| Basic EPS | 0.02 | 0.02 | 0.07 | 0.17 |
Condensed Consolidated Balance Sheets
| Description | Sep 30, 2025 | Dec 31, 2024 |
|---|---|---|
| Cash & Cash Equivalents | $41.51M | $33.06M |
| Short-term Investments | $30.69M | $48.27M |
| Accounts Receivable | $20.26M | $19.98M |
| Other Current Assets | $11.05M | $9.48M |
| Total Current Assets | $112.47M | $121.56M |
| Property Plant & Equipment | $13.29M | $16.19M |
| Goodwill | $11.07M | $11.07M |
| Intangible Assets | $76.00K | $212.00K |
| Long-term Investments | $11.90M | $3.38M |
| Other Non-current Assets | $3.60M | $2.98M |
| Total Assets | $172.62M | $181.31M |
| Accounts Payable | $4.86M | $3.27M |
| Deferred Revenue | $61.05M | $63.12M |
| Total Current Liabilities | $100.73M | $101.66M |
| Long-term Debt | $25.33M | $29.15M |
| Other Non-current Liabilities | $14.17M | $10.77M |
| Total Liabilities | $154.89M | $156.92M |
| Retained Earnings | $-480.31M | $-468.81M |
| Treasury Stock | $17.40M | $7.80M |
| Total Stockholders Equity | $17.73M | $24.39M |
| Total Liabilities & Equity | $172.62M | $181.31M |
Condensed Consolidated Statements of Cash Flows
| Description | Sep 30, 2025 | Sep 30, 2025 | ||
|---|---|---|---|---|
| Current | Prior Year | Current YTD | Prior Year YTD | |
| Net Income | $-2.63M | $-3.61M | $-11.50M | $-24.71M |
| Depreciation & Amortization | - | - | $3.38M | $3.83M |
| Stock-based Compensation | - | - | $12.68M | $21.07M |
| Change in Receivables | - | - | $280.00K | $-666.00K |
| Change in Payables | - | - | $1.78M | $2.18M |
| Operating Cash Flow | - | - | $10.89M | $7.92M |
| Capital Expenditure | - | - | $534.00K | $421.00K |
| Investing Cash Flow | - | - | $8.87M | $-4.18M |
| Debt Repayment | - | - | $2.19M | $1.75M |
| Stock Repurchased | - | - | $9.60M | $2.23M |
| Financing Cash Flow | - | - | $-11.86M | $-3.87M |
| Net Change in Cash | - | - | $8.45M | $156.00K |
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.