| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $28M | — | $13M | — | 109.6% |
| Op. Income | $13M | — | $788.3K | — | 1500.4% |
| Gross Margin | 44.7% | — | 40.8% | — | 3.9pp |
| Net Margin | 33.3% | — | 12.5% | — | 20.9pp |
| EPS (Diluted) | $0.35 | — | $0.07 | — | 385.4% |
| Item | Amount |
|---|---|
| REVENUE | $28M |
| Cost of Revenue | $15M |
| GROSS PROFIT | $13M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | -$89.9K |
| Operating Expenses | -$89.9K |
| Cost & Expenses | $15M |
| OPERATING INCOME | $13M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $4M |
| INCOME BEFORE TAX | $16M |
| Income Tax Expense | $1M |
| Net Income from Continuing Ops | $15M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $9M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $9M |
| D&A | $167.0K |
| EBIT | $16M |
| EBITDA | $16M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $28M |
| Cost of Revenue | $15M |
| GROSS PROFIT | $13M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | -$89.9K |
| Operating Expenses | -$89.9K |
| Cost & Expenses | $15M |
| OPERATING INCOME | $13M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $4M |
| INCOME BEFORE TAX | $16M |
| Income Tax Expense | $1M |
| Net Income from Continuing Ops | $15M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $9M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $9M |
| D&A | $167.0K |
| EBIT | $16M |
| EBITDA | $16M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Cash & Equivalents | $8M |
| Short-Term Investments | $442M |
| Net Receivables | $1.0B |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $1.5B |
| PP&E (Net) | $0 |
| Goodwill | $0 |
| Intangible Assets | $22M |
| Long-Term Investments | $837M |
| Tax Assets | $422.9K |
| Other Non-Current Assets | $82M |
| TOTAL NON-CURRENT ASSETS | $942M |
| TOTAL ASSETS | $2.4B |
| Account Payables | $0 |
| Short-Term Debt | $308M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $308M |
| Long-Term Debt | $721M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $1.2B |
| TOTAL NON-CURRENT LIABILITIES | $1.9B |
| TOTAL LIABILITIES | $2.2B |
| Common Stock | $0 |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $0 |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $120M |
| TOTAL STOCKHOLDERS' EQUITY | $120M |
| Minority Interest | $83M |
| TOTAL EQUITY | $202M |
| TOTAL LIABILITIES & EQUITY | $2.4B |
| Total Debt | $1.0B |
| Net Debt | $1.0B |
