| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $220M | — | $215M | — | 2.5% |
| Op. Income | $64M | — | $58M | — | 9.4% |
| Gross Margin | 76.1% | — | 72.6% | — | 3.6pp |
| Net Margin | 23.3% | — | 21.6% | — | 1.7pp |
| EPS (Diluted) | $1.49 | — | $1.34 | — | 11.2% |
| Free Cash Flow | $22M | — | $95M | — | -77.4% |
| Item | Amount |
|---|---|
| REVENUE | $220M |
| Cost of Revenue | $53M |
| GROSS PROFIT | $168M |
| R&D Expenses | $0 |
| Selling & Marketing | $2M |
| General & Administrative | $104M |
| SG&A Expenses | $106M |
| Other Expenses | -$2M |
| Operating Expenses | $104M |
| Cost & Expenses | $157M |
| OPERATING INCOME | $64M |
| Interest Income | $205M |
| Interest Expense | $53M |
| Other Income/Expenses | -$2M |
| INCOME BEFORE TAX | $61M |
| Income Tax Expense | $10M |
| Net Income from Continuing Ops | $51M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $51M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $51M |
| D&A | $315.0K |
| EBIT | $64M |
| EBITDA | $64M |
| EPS | $2 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $220M |
| Cost of Revenue | $53M |
| GROSS PROFIT | $168M |
| R&D Expenses | $0 |
| Selling & Marketing | $2M |
| General & Administrative | $104M |
| SG&A Expenses | $106M |
| Other Expenses | -$2M |
| Operating Expenses | $104M |
| Cost & Expenses | $157M |
| OPERATING INCOME | $64M |
| Interest Income | $205M |
| Interest Expense | $53M |
| Other Income/Expenses | -$2M |
| INCOME BEFORE TAX | $61M |
| Income Tax Expense | $10M |
| Net Income from Continuing Ops | $51M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $51M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $51M |
| D&A | $315.0K |
| EBIT | $64M |
| EBITDA | $64M |
| EPS | $2 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $51M |
| Depreciation & Amortization | $14M |
| Stock-Based Compensation | $17M |
| Deferred Income Tax | $5M |
| Other Non-Cash Items | -$36M |
| Change in Working Capital | -$26M |
| OPERATING CASH FLOW | $25M |
| Capital Expenditure | -$3M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$54M |
| Sales/Maturities of Investments | $87M |
| Other Investing Activities | -$36M |
| NET CASH FROM INVESTING | -$7M |
| Net Debt Issuance | -$43M |
| Common Stock Repurchased | -$16M |
| Common Dividends Paid | -$17M |
| Other Financing Activities | -$192M |
| NET CASH FROM FINANCING | -$269M |
| FREE CASH FLOW | $22M |
| Net Change in Cash | -$604M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $183M |
| Short-Term Investments | $43M |
| Net Receivables | $61M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $286M |
| PP&E (Net) | $144M |
| Goodwill | $373M |
| Intangible Assets | $1M |
| Long-Term Investments | $14.5B |
| Tax Assets | $0 |
| Other Non-Current Assets | $1.1B |
| TOTAL NON-CURRENT ASSETS | $16.1B |
| TOTAL ASSETS | $16.4B |
| Account Payables | $0 |
| Short-Term Debt | $108M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $14.0B |
| TOTAL CURRENT LIABILITIES | $14.1B |
| Long-Term Debt | $229M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $265M |
| TOTAL LIABILITIES | $14.4B |
| Common Stock | $1.3B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $872M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$208M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.9B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.9B |
| TOTAL LIABILITIES & EQUITY | $16.4B |
| Total Debt | $373M |
| Net Debt | $190M |
