| Metric | Q1 2026 | Q4 2025 | Q1 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1M | $1M | $2M | 2.1% | -7.0% |
| Op. Income | $22M | $9M | -$15M | 139.3% | 249.8% |
| Gross Margin | 100.0% | 100.0% | 100.0% | 0.0pp | 0.0pp |
| Net Margin | 1775.7% | 662.9% | -1018.0% | 1112.8pp | 2793.7pp |
| EPS (Diluted) | $1.35 | $0.49 | $-0.84 | 175.5% | 260.7% |
| Free Cash Flow | -$7M | -$22M | -$8M | 67.8% | 8.4% |
| Item | Amount |
|---|---|
| REVENUE | $1M |
| Cost of Revenue | $0 |
| GROSS PROFIT | $1M |
| R&D Expenses | $1M |
| Selling & Marketing | $1M |
| General & Administrative | $10M |
| SG&A Expenses | $12M |
| Other Expenses | -$34M |
| Operating Expenses | -$21M |
| Cost & Expenses | -$21M |
| OPERATING INCOME | $22M |
| Interest Income | $442.0K |
| Interest Expense | $0 |
| Other Income/Expenses | $442.0K |
| INCOME BEFORE TAX | $23M |
| Income Tax Expense | -$2M |
| Net Income from Continuing Ops | $25M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $25M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $25M |
| D&A | $124.0K |
| EBIT | -$12M |
| EBITDA | -$12M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $1M |
| Cost of Revenue | $0 |
| GROSS PROFIT | $1M |
| R&D Expenses | $1M |
| Selling & Marketing | $1M |
| General & Administrative | $10M |
| SG&A Expenses | $12M |
| Other Expenses | -$34M |
| Operating Expenses | -$21M |
| Cost & Expenses | -$21M |
| OPERATING INCOME | $22M |
| Interest Income | $442.0K |
| Interest Expense | $0 |
| Other Income/Expenses | $442.0K |
| INCOME BEFORE TAX | $23M |
| Income Tax Expense | -$2M |
| Net Income from Continuing Ops | $25M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $25M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $25M |
| D&A | $124.0K |
| EBIT | -$12M |
| EBITDA | -$12M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $25M |
| Depreciation & Amortization | $124.0K |
| Stock-Based Compensation | $4M |
| Deferred Income Tax | -$3M |
| Other Non-Cash Items | -$35M |
| Change in Working Capital | $5M |
| OPERATING CASH FLOW | -$3M |
| Capital Expenditure | -$4M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $1M |
| NET CASH FROM INVESTING | -$3M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$642.0K |
| NET CASH FROM FINANCING | -$642.0K |
| FREE CASH FLOW | -$7M |
| Net Change in Cash | -$6M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $41M |
| Short-Term Investments | $0 |
| Net Receivables | $5M |
| Inventory | $0 |
| Other Current Assets | $9M |
| TOTAL CURRENT ASSETS | $55M |
| PP&E (Net) | $6M |
| Goodwill | $0 |
| Intangible Assets | $265M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $33M |
| TOTAL NON-CURRENT ASSETS | $304M |
| TOTAL ASSETS | $360M |
| Account Payables | $7M |
| Short-Term Debt | $0 |
| Deferred Revenue | $6M |
| Other Current Liabilities | $21M |
| TOTAL CURRENT LIABILITIES | $36M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $127M |
| Deferred Tax Liabilities | $4M |
| Other Non-Current Liabilities | $4M |
| TOTAL NON-CURRENT LIABILITIES | $139M |
| TOTAL LIABILITIES | $175M |
| Common Stock | $2.0K |
| Additional Paid-In Capital | $552M |
| Retained Earnings | -$367M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $185M |
| Minority Interest | $0 |
| TOTAL EQUITY | $185M |
| TOTAL LIABILITIES & EQUITY | $360M |
| Total Debt | $5M |
| Net Debt | -$36M |
