| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $61M | $60M | $58M | 2.2% | 5.2% |
| Op. Income | $23M | $22M | $22M | 2.0% | 5.2% |
| Gross Margin | 73.2% | 70.3% | 70.5% | 2.9pp | 2.6pp |
| Net Margin | 30.0% | 29.9% | 30.0% | 0.0pp | -0.1pp |
| EPS (Diluted) | $1.87 | $1.83 | $1.74 | 2.2% | 7.5% |
| Free Cash Flow | $26M | $12M | $27M | 111.0% | -4.0% |
| Item | Amount |
|---|---|
| REVENUE | $61M |
| Cost of Revenue | $16M |
| GROSS PROFIT | $45M |
| R&D Expenses | $0 |
| Selling & Marketing | -$28.0K |
| General & Administrative | $22M |
| SG&A Expenses | $22M |
| Other Expenses | $28.0K |
| Operating Expenses | $22M |
| Cost & Expenses | $38M |
| OPERATING INCOME | $23M |
| Interest Income | $57M |
| Interest Expense | $16M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $23M |
| Income Tax Expense | $5M |
| Net Income from Continuing Ops | $18M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $18M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $18M |
| D&A | $0 |
| EBIT | $23M |
| EBITDA | $23M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $61M |
| Cost of Revenue | $16M |
| GROSS PROFIT | $45M |
| R&D Expenses | $0 |
| Selling & Marketing | -$28.0K |
| General & Administrative | $22M |
| SG&A Expenses | $22M |
| Other Expenses | $28.0K |
| Operating Expenses | $22M |
| Cost & Expenses | $38M |
| OPERATING INCOME | $23M |
| Interest Income | $57M |
| Interest Expense | $16M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $23M |
| Income Tax Expense | $5M |
| Net Income from Continuing Ops | $18M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $18M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $18M |
| D&A | $0 |
| EBIT | $23M |
| EBITDA | $23M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $18M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $550.0K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$3M |
| Change in Working Capital | $11M |
| OPERATING CASH FLOW | $29M |
| Capital Expenditure | -$3M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$5M |
| Sales/Maturities of Investments | $13M |
| Other Investing Activities | $30M |
| NET CASH FROM INVESTING | $35M |
| Net Debt Issuance | -$100M |
| Common Stock Repurchased | $1.0K |
| Common Dividends Paid | -$4M |
| Other Financing Activities | $157M |
| NET CASH FROM FINANCING | $53M |
| FREE CASH FLOW | $26M |
| Net Change in Cash | $117M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $55M |
| Short-Term Investments | $0 |
| Net Receivables | $0 |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $55M |
| PP&E (Net) | $79M |
| Goodwill | $175M |
| Intangible Assets | $16M |
| Long-Term Investments | $4.1B |
| Tax Assets | $20M |
| Other Non-Current Assets | $94M |
| TOTAL NON-CURRENT ASSETS | $4.5B |
| TOTAL ASSETS | $4.5B |
| Account Payables | $0 |
| Short-Term Debt | $30M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $30M |
| Long-Term Debt | $92M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $15M |
| Other Non-Current Liabilities | $3.7B |
| TOTAL NON-CURRENT LIABILITIES | $3.8B |
| TOTAL LIABILITIES | $3.9B |
| Common Stock | $115.0K |
| Additional Paid-In Capital | $334M |
| Retained Earnings | $417M |
| Treasury Stock | -$102M |
| Accum. Other Comp. Income | -$5M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $644M |
| Minority Interest | $0 |
| TOTAL EQUITY | $644M |
| TOTAL LIABILITIES & EQUITY | $4.5B |
| Total Debt | $124M |
| Net Debt | $68M |
