| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $63M | $62M | $55M | 0.9% | 14.1% |
| Op. Income | $17M | $17M | $5M | 1.0% | 221.0% |
| Gross Margin | 67.7% | 67.5% | 56.3% | 0.2pp | 11.4pp |
| Net Margin | 22.3% | 20.6% | 8.1% | 1.7pp | 14.2pp |
| EPS (Diluted) | $0.85 | $0.78 | $0.27 | 9.0% | 214.8% |
| Free Cash Flow | $5M | $14M | $4M | -66.2% | 17.6% |
| Item | Amount |
|---|---|
| REVENUE | $63M |
| Cost of Revenue | $20M |
| GROSS PROFIT | $43M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $21M |
| SG&A Expenses | $21M |
| Other Expenses | $4M |
| Operating Expenses | $26M |
| Cost & Expenses | $46M |
| OPERATING INCOME | $17M |
| Interest Income | $55M |
| Interest Expense | $19M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $17M |
| Income Tax Expense | $3M |
| Net Income from Continuing Ops | $14M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $14M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $14M |
| D&A | $0 |
| EBIT | $17M |
| EBITDA | $17M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $63M |
| Cost of Revenue | $20M |
| GROSS PROFIT | $43M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $21M |
| SG&A Expenses | $21M |
| Other Expenses | $4M |
| Operating Expenses | $26M |
| Cost & Expenses | $46M |
| OPERATING INCOME | $17M |
| Interest Income | $55M |
| Interest Expense | $19M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $17M |
| Income Tax Expense | $3M |
| Net Income from Continuing Ops | $14M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $14M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $14M |
| D&A | $0 |
| EBIT | $17M |
| EBITDA | $17M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $14M |
| Depreciation & Amortization | $1M |
| Stock-Based Compensation | $519.0K |
| Deferred Income Tax | $14.0K |
| Other Non-Cash Items | -$11M |
| Change in Working Capital | $1M |
| OPERATING CASH FLOW | $6M |
| Capital Expenditure | -$1M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$55M |
| Sales/Maturities of Investments | $230M |
| Other Investing Activities | -$194M |
| NET CASH FROM INVESTING | -$23M |
| Net Debt Issuance | $1.0K |
| Common Stock Repurchased | -$154.0K |
| Common Dividends Paid | -$5M |
| Other Financing Activities | -$161M |
| NET CASH FROM FINANCING | -$166M |
| FREE CASH FLOW | $5M |
| Net Change in Cash | -$183M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $29M |
| Short-Term Investments | $0 |
| Net Receivables | $0 |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $29M |
| PP&E (Net) | $59M |
| Goodwill | $24M |
| Intangible Assets | $2M |
| Long-Term Investments | $4.2B |
| Tax Assets | $0 |
| Other Non-Current Assets | -$4.2B |
| TOTAL NON-CURRENT ASSETS | $85M |
| TOTAL ASSETS | $4.4B |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $722M |
| TOTAL CURRENT LIABILITIES | $722M |
| Long-Term Debt | $24M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $3.3B |
| TOTAL NON-CURRENT LIABILITIES | $3.3B |
| TOTAL LIABILITIES | $4.0B |
| Common Stock | $22M |
| Additional Paid-In Capital | $415M |
| Retained Earnings | $102M |
| Treasury Stock | -$103M |
| Accum. Other Comp. Income | -$4M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $432M |
| Minority Interest | $0 |
| TOTAL EQUITY | $432M |
| TOTAL LIABILITIES & EQUITY | $4.4B |
| Total Debt | $29M |
| Net Debt | $62.0K |
