| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $60M | $59M | $55M | 2.1% | 8.2% |
| Op. Income | $22M | $20M | -$23M | 8.7% | 196.8% |
| Gross Margin | 75.5% | 76.6% | 27.4% | -1.1pp | 48.1pp |
| Net Margin | 26.2% | 24.0% | -29.8% | 2.2pp | 56.0pp |
| EPS (Diluted) | $0.48 | $0.43 | $-0.59 | 11.6% | 181.4% |
| Free Cash Flow | $16M | $13M | $18M | 18.5% | -12.4% |
| Item | Amount |
|---|---|
| REVENUE | $60M |
| Cost of Revenue | $15M |
| GROSS PROFIT | $45M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $15M |
| SG&A Expenses | $15M |
| Other Expenses | $8M |
| Operating Expenses | $23M |
| Cost & Expenses | $38M |
| OPERATING INCOME | $22M |
| Interest Income | $57M |
| Interest Expense | $15M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $22M |
| Income Tax Expense | $6M |
| Net Income from Continuing Ops | $16M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $16M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $16M |
| D&A | $1M |
| EBIT | $22M |
| EBITDA | $23M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $60M |
| Cost of Revenue | $15M |
| GROSS PROFIT | $45M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $15M |
| SG&A Expenses | $15M |
| Other Expenses | $8M |
| Operating Expenses | $23M |
| Cost & Expenses | $38M |
| OPERATING INCOME | $22M |
| Interest Income | $57M |
| Interest Expense | $15M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $22M |
| Income Tax Expense | $6M |
| Net Income from Continuing Ops | $16M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $16M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $16M |
| D&A | $1M |
| EBIT | $22M |
| EBITDA | $23M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $16M |
| Depreciation & Amortization | $1M |
| Stock-Based Compensation | $1M |
| Deferred Income Tax | $819.0K |
| Other Non-Cash Items | -$6M |
| Change in Working Capital | $2M |
| OPERATING CASH FLOW | $16M |
| Capital Expenditure | -$108.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$26M |
| Sales/Maturities of Investments | $7M |
| Other Investing Activities | $6M |
| NET CASH FROM INVESTING | -$13M |
| Net Debt Issuance | -$20M |
| Common Stock Repurchased | -$2M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $147M |
| NET CASH FROM FINANCING | $126M |
| FREE CASH FLOW | $16M |
| Net Change in Cash | $129M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $95M |
| Short-Term Investments | $0 |
| Net Receivables | $0 |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $95M |
| PP&E (Net) | $28M |
| Goodwill | $111M |
| Intangible Assets | $19M |
| Long-Term Investments | $3.2B |
| Tax Assets | $32M |
| Other Non-Current Assets | $598M |
| TOTAL NON-CURRENT ASSETS | $4.0B |
| TOTAL ASSETS | $4.1B |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $3.5B |
| TOTAL CURRENT LIABILITIES | $3.5B |
| Long-Term Debt | $33M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $24M |
| TOTAL NON-CURRENT LIABILITIES | $77M |
| TOTAL LIABILITIES | $3.5B |
| Common Stock | $444M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $123M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$2M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $565M |
| Minority Interest | $0 |
| TOTAL EQUITY | $565M |
| TOTAL LIABILITIES & EQUITY | $4.1B |
| Total Debt | $53M |
| Net Debt | -$42M |
