| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $351M | — | — | — | — |
| Op. Income | $147M | — | — | — | — |
| Gross Margin | 99.4% | — | — | — | — |
| Net Margin | 27.0% | — | — | — | — |
| EPS (Diluted) | $1.22 | — | — | — | — |
| Free Cash Flow | -$1M | — | — | — | — |
| Item | Amount |
|---|---|
| REVENUE | $351M |
| Cost of Revenue | $2M |
| GROSS PROFIT | $349M |
| R&D Expenses | $0 |
| Selling & Marketing | $15M |
| General & Administrative | $24M |
| SG&A Expenses | $39M |
| Other Expenses | $163M |
| Operating Expenses | $202M |
| Cost & Expenses | $204M |
| OPERATING INCOME | $147M |
| Interest Income | $5M |
| Interest Expense | $2M |
| Other Income/Expenses | $800.0K |
| INCOME BEFORE TAX | $148M |
| Income Tax Expense | $30M |
| Net Income from Continuing Ops | $118M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $95M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $87M |
| D&A | $2M |
| EBIT | $150M |
| EBITDA | $152M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $351M |
| Cost of Revenue | $2M |
| GROSS PROFIT | $349M |
| R&D Expenses | $0 |
| Selling & Marketing | $15M |
| General & Administrative | $24M |
| SG&A Expenses | $39M |
| Other Expenses | $163M |
| Operating Expenses | $202M |
| Cost & Expenses | $204M |
| OPERATING INCOME | $147M |
| Interest Income | $5M |
| Interest Expense | $2M |
| Other Income/Expenses | $800.0K |
| INCOME BEFORE TAX | $148M |
| Income Tax Expense | $30M |
| Net Income from Continuing Ops | $118M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $95M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $87M |
| D&A | $2M |
| EBIT | $150M |
| EBITDA | $152M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $95M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $20M |
| Change in Working Capital | -$121M |
| OPERATING CASH FLOW | -$948.0K |
| Capital Expenditure | -$315.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$165M |
| Sales/Maturities of Investments | $161M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$4M |
| Net Debt Issuance | -$116.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$82M |
| NET CASH FROM FINANCING | -$82M |
| FREE CASH FLOW | -$1M |
| Net Change in Cash | -$87M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $256M |
| Short-Term Investments | $0 |
| Net Receivables | $165M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $421M |
| PP&E (Net) | $138M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $638M |
| Tax Assets | $355M |
| Other Non-Current Assets | $25M |
| TOTAL NON-CURRENT ASSETS | $1.2B |
| TOTAL ASSETS | $1.6B |
| Account Payables | $0 |
| Short-Term Debt | $21M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $21M |
| Long-Term Debt | $289M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $300.0K |
| Other Non-Current Liabilities | $384M |
| TOTAL NON-CURRENT LIABILITIES | $774M |
| TOTAL LIABILITIES | $795M |
| Common Stock | $807.0K |
| Additional Paid-In Capital | $236M |
| Retained Earnings | $203M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$2M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $439M |
| Minority Interest | $344M |
| TOTAL EQUITY | $782M |
| TOTAL LIABILITIES & EQUITY | $1.6B |
| Total Debt | $410M |
| Net Debt | $155M |
