| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $118M | $112M | $113M | 5.4% | 4.9% |
| Op. Income | $37M | $35M | $38M | 3.6% | -4.0% |
| Gross Margin | 67.5% | 67.8% | 71.1% | -0.3pp | -3.6pp |
| Net Margin | 22.7% | 23.2% | 24.8% | -0.5pp | -2.1pp |
| EPS (Diluted) | $0.88 | $0.84 | $0.90 | 4.8% | -2.2% |
| Free Cash Flow | $38M | $26M | $35M | 49.4% | 8.8% |
| Item | Amount |
|---|---|
| REVENUE | $118M |
| Cost of Revenue | $38M |
| GROSS PROFIT | $80M |
| R&D Expenses | $0 |
| Selling & Marketing | $497.0K |
| General & Administrative | $26M |
| SG&A Expenses | $27M |
| Other Expenses | $16M |
| Operating Expenses | $43M |
| Cost & Expenses | $81M |
| OPERATING INCOME | $37M |
| Interest Income | $110M |
| Interest Expense | $33M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $37M |
| Income Tax Expense | $10M |
| Net Income from Continuing Ops | $27M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $27M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $27M |
| D&A | $252.0K |
| EBIT | $37M |
| EBITDA | $37M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $118M |
| Cost of Revenue | $38M |
| GROSS PROFIT | $80M |
| R&D Expenses | $0 |
| Selling & Marketing | $497.0K |
| General & Administrative | $26M |
| SG&A Expenses | $27M |
| Other Expenses | $16M |
| Operating Expenses | $43M |
| Cost & Expenses | $81M |
| OPERATING INCOME | $37M |
| Interest Income | $110M |
| Interest Expense | $33M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $37M |
| Income Tax Expense | $10M |
| Net Income from Continuing Ops | $27M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $27M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $27M |
| D&A | $252.0K |
| EBIT | $37M |
| EBITDA | $37M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $27M |
| Depreciation & Amortization | $252.0K |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | $3M |
| Other Non-Cash Items | $5M |
| Change in Working Capital | $2M |
| OPERATING CASH FLOW | $39M |
| Capital Expenditure | -$1M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$318M |
| Sales/Maturities of Investments | $287M |
| Other Investing Activities | -$85M |
| NET CASH FROM INVESTING | -$117M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$10M |
| Common Dividends Paid | -$4M |
| Other Financing Activities | $37M |
| NET CASH FROM FINANCING | $22M |
| FREE CASH FLOW | $38M |
| Net Change in Cash | -$56M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $116M |
| Short-Term Investments | $555M |
| Net Receivables | $57M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $727M |
| PP&E (Net) | $18M |
| Goodwill | $13M |
| Intangible Assets | $1M |
| Long-Term Investments | $5.8B |
| Tax Assets | $28M |
| Other Non-Current Assets | $2.1B |
| TOTAL NON-CURRENT ASSETS | $8.0B |
| TOTAL ASSETS | $8.7B |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $7.8B |
| TOTAL CURRENT LIABILITIES | $7.8B |
| Long-Term Debt | $75M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $47M |
| TOTAL NON-CURRENT LIABILITIES | $137M |
| TOTAL LIABILITIES | $7.9B |
| Common Stock | $310.0K |
| Additional Paid-In Capital | $292M |
| Retained Earnings | $545M |
| Treasury Stock | -$26M |
| Accum. Other Comp. Income | -$35M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $776M |
| Minority Interest | $0 |
| TOTAL EQUITY | $776M |
| TOTAL LIABILITIES & EQUITY | $8.7B |
| Total Debt | $90M |
| Net Debt | -$25M |
