Total revenue for Q4 2025 was $62.9 million, an increase of 3% year-over-year, while full-year 2025 revenue was $243.2 million, flat compared to full-year 2024. Subscription revenue grew 7% year-over-year to $38.6 million in Q4 2025 and 12% to $156.1 million for the full year 2025. Operating income increased 6% year-over-year to $12.5 million in Q4 2025 and 8% to $48.4 million for the full year 2025. Adjusted EBITDA declined 3% year-over-year to $19.4 million in Q4 2025 but grew 6% to $77.6 million for the full year 2025. Annual Recurring Revenue (ARR) increased 11% year-over-year to $186.9 million, and the Net Retention Rate (NRR) was 104%. Net income for Q4 2025 was $43.5 million ($1.13 per diluted share), up from $28.8 million ($0.72 per diluted share) in Q4 2024. Full-year 2025 net income was $72.9 million ($1.88 per diluted share), up from $57.1 million ($1.46 per diluted share) in 2024. OneSpan completed the acquisition of Nok Nok Labs on June 4, 2025, and entered a definitive agreement to acquire Build38, expected to close by March. The Board of Directors approved an 8% increase in the quarterly cash dividend from $0.12 to $0.13 per common share. The company repurchased approximately 560,000 shares for $6.8 million in Q4 2025 and approximately 1,000,000 shares for $13.1 million for the full year 2025.