Done. The price-volume-mix analysis shows:

**FY2025 revenue was essentially flat year-over-year at $11.2M**, down ($5K). Here's how:

- **Volume headwind of ($395K)**: Units fell 3.5%, creating drag across all product families.
- **Mix gain of $135K**: Customers shifted toward Mid-Market and SMB segments, which are higher-margin; Enterprise exposure fell, offsetting some pricing success.
- **Price lift of $256K**: Successful price increases across most families, particularly Paper ($167K) and Print Consumables ($125K).

The two growth stories are **Print Consumables** (+$83K) and **Breakroom** (+$53K), both supported by pricing and mix gains. **Enterprise declined steeply** ($749K) due to a major mix shift in Paper, where Enterprise revenue fell while SMB gained. The detailed analysis is in `output/pvm-note.md`.