| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $63M | $56M | — | 12.0% | — |
| Op. Income | $22M | $23M | — | -0.5% | — |
| Gross Margin | 87.8% | 89.2% | — | -1.4pp | — |
| Net Margin | 11.2% | 31.3% | — | -20.0pp | — |
| EPS (Diluted) | $0.07 | $0.18 | — | -59.3% | — |
| Free Cash Flow | -$33M | $76M | — | -143.5% | — |
| Item | Amount |
|---|---|
| REVENUE | $63M |
| Cost of Revenue | $8M |
| GROSS PROFIT | $55M |
| R&D Expenses | $0 |
| Selling & Marketing | $4M |
| General & Administrative | $25M |
| SG&A Expenses | $29M |
| Other Expenses | $4M |
| Operating Expenses | $33M |
| Cost & Expenses | $41M |
| OPERATING INCOME | $22M |
| Interest Income | $803.6K |
| Interest Expense | $10M |
| Other Income/Expenses | -$11M |
| INCOME BEFORE TAX | $12M |
| Income Tax Expense | $5M |
| Net Income from Continuing Ops | $7M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $7M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $7M |
| D&A | $4M |
| EBIT | $22M |
| EBITDA | $26M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $63M |
| Cost of Revenue | $8M |
| GROSS PROFIT | $55M |
| R&D Expenses | $0 |
| Selling & Marketing | $4M |
| General & Administrative | $25M |
| SG&A Expenses | $29M |
| Other Expenses | $4M |
| Operating Expenses | $33M |
| Cost & Expenses | $41M |
| OPERATING INCOME | $22M |
| Interest Income | $803.6K |
| Interest Expense | $10M |
| Other Income/Expenses | -$11M |
| INCOME BEFORE TAX | $12M |
| Income Tax Expense | $5M |
| Net Income from Continuing Ops | $7M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $7M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $7M |
| D&A | $4M |
| EBIT | $22M |
| EBITDA | $26M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $7M |
| Depreciation & Amortization | $4M |
| Stock-Based Compensation | $5M |
| Deferred Income Tax | $3M |
| Other Non-Cash Items | -$13M |
| Change in Working Capital | -$39M |
| OPERATING CASH FLOW | -$33M |
| Capital Expenditure | -$171.6K |
| Acquisitions (Net) | $435.8K |
| Purchases of Investments | -$500.0K |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$235.8K |
| Net Debt Issuance | $50M |
| Common Stock Repurchased | -$3M |
| Common Dividends Paid | -$93.8K |
| Other Financing Activities | -$2M |
| NET CASH FROM FINANCING | $45M |
| FREE CASH FLOW | -$33M |
| Net Change in Cash | $12M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $86M |
| Short-Term Investments | $0 |
| Net Receivables | $30M |
| Inventory | $0 |
| Other Current Assets | $21M |
| TOTAL CURRENT ASSETS | $138M |
| PP&E (Net) | $6M |
| Goodwill | $249M |
| Intangible Assets | $70M |
| Long-Term Investments | $10M |
| Tax Assets | $0 |
| Other Non-Current Assets | $445M |
| TOTAL NON-CURRENT ASSETS | $781M |
| TOTAL ASSETS | $919M |
| Account Payables | $0 |
| Short-Term Debt | $119M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $27M |
| TOTAL CURRENT LIABILITIES | $148M |
| Long-Term Debt | $290M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $31M |
| Other Non-Current Liabilities | $5M |
| TOTAL NON-CURRENT LIABILITIES | $331M |
| TOTAL LIABILITIES | $479M |
| Common Stock | $10.4K |
| Additional Paid-In Capital | $514M |
| Retained Earnings | -$29M |
| Treasury Stock | -$50M |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $440M |
| Minority Interest | $0 |
| TOTAL EQUITY | $440M |
| TOTAL LIABILITIES & EQUITY | $919M |
| Total Debt | $414M |
| Net Debt | $328M |
