| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $115M | $118M | $108M | -2.5% | 6.8% |
| Op. Income | $33M | $37M | $33M | -9.3% | 0.6% |
| Gross Margin | 74.0% | 67.5% | 69.3% | 6.5pp | 4.7pp |
| Net Margin | 23.1% | 22.7% | 22.7% | 0.4pp | 0.4pp |
| EPS (Diluted) | $0.88 | $0.88 | $0.79 | 0.0% | 11.4% |
| Free Cash Flow | $34M | $38M | $28M | -10.3% | 21.5% |
| Item | Amount |
|---|---|
| REVENUE | $115M |
| Cost of Revenue | $30M |
| GROSS PROFIT | $85M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $46M |
| Other Expenses | $6M |
| Operating Expenses | $52M |
| Cost & Expenses | $82M |
| OPERATING INCOME | $33M |
| Interest Income | $108M |
| Interest Expense | $30M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $33M |
| Income Tax Expense | $7M |
| 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 | $4M |
| EBIT | $33M |
| EBITDA | $37M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $115M |
| Cost of Revenue | $30M |
| GROSS PROFIT | $85M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $46M |
| Other Expenses | $6M |
| Operating Expenses | $52M |
| Cost & Expenses | $82M |
| OPERATING INCOME | $33M |
| Interest Income | $108M |
| Interest Expense | $30M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $33M |
| Income Tax Expense | $7M |
| 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 | $4M |
| EBIT | $33M |
| EBITDA | $37M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $27M |
| Depreciation & Amortization | $6M |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | -$4M |
| Other Non-Cash Items | $10M |
| Change in Working Capital | -$3M |
| OPERATING CASH FLOW | $37M |
| Capital Expenditure | -$3M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$296M |
| Sales/Maturities of Investments | $445M |
| Other Investing Activities | -$171M |
| NET CASH FROM INVESTING | -$22M |
| Net Debt Issuance | -$6M |
| Common Stock Repurchased | -$9M |
| Common Dividends Paid | -$4M |
| Other Financing Activities | $179M |
| NET CASH FROM FINANCING | $161M |
| FREE CASH FLOW | $34M |
| Net Change in Cash | $176M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $5M |
| Short-Term Investments | $49M |
| Net Receivables | $65M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $118M |
| PP&E (Net) | $14M |
| Goodwill | $13M |
| Intangible Assets | $913.0K |
| Long-Term Investments | $8.5B |
| Tax Assets | $31M |
| Other Non-Current Assets | $156M |
| TOTAL NON-CURRENT ASSETS | $8.8B |
| TOTAL ASSETS | $8.9B |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $9M |
| TOTAL CURRENT LIABILITIES | $9M |
| Long-Term Debt | $82M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $8.0B |
| TOTAL NON-CURRENT LIABILITIES | $8.1B |
| TOTAL LIABILITIES | $8.1B |
| Common Stock | $312.0K |
| Additional Paid-In Capital | $294M |
| Retained Earnings | $567M |
| Treasury Stock | -$35M |
| Accum. Other Comp. Income | -$32M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $794M |
| Minority Interest | $0 |
| TOTAL EQUITY | $794M |
| TOTAL LIABILITIES & EQUITY | $8.9B |
| Total Debt | $94M |
| Net Debt | $90M |
