| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $130M | $126M | $113M | 3.2% | 15.1% |
| Op. Income | $29M | $28M | $23M | 3.1% | 26.8% |
| Gross Margin | 59.6% | 60.3% | 57.3% | -0.7pp | 2.3pp |
| Net Margin | 17.6% | 17.5% | 15.8% | 0.0pp | 1.8pp |
| EPS (Diluted) | $0.73 | $0.70 | $0.65 | 4.3% | 12.3% |
| Free Cash Flow | $32M | $14M | $21M | 132.4% | 52.7% |
| Item | Amount |
|---|---|
| REVENUE | $130M |
| Cost of Revenue | $53M |
| GROSS PROFIT | $78M |
| R&D Expenses | $0 |
| Selling & Marketing | $1M |
| General & Administrative | $29M |
| SG&A Expenses | $30M |
| Other Expenses | $19M |
| Operating Expenses | $49M |
| Cost & Expenses | $101M |
| OPERATING INCOME | $29M |
| Interest Income | $119M |
| Interest Expense | $49M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $29M |
| Income Tax Expense | $6M |
| Net Income from Continuing Ops | $23M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $23M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $22M |
| D&A | $1M |
| EBIT | $29M |
| EBITDA | $30M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $130M |
| Cost of Revenue | $53M |
| GROSS PROFIT | $78M |
| R&D Expenses | $0 |
| Selling & Marketing | $1M |
| General & Administrative | $29M |
| SG&A Expenses | $30M |
| Other Expenses | $19M |
| Operating Expenses | $49M |
| Cost & Expenses | $101M |
| OPERATING INCOME | $29M |
| Interest Income | $119M |
| Interest Expense | $49M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $29M |
| Income Tax Expense | $6M |
| Net Income from Continuing Ops | $23M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $23M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $22M |
| D&A | $1M |
| EBIT | $29M |
| EBITDA | $30M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $23M |
| Depreciation & Amortization | $1M |
| Stock-Based Compensation | $1M |
| Deferred Income Tax | $751.0K |
| Other Non-Cash Items | $1M |
| Change in Working Capital | $5M |
| OPERATING CASH FLOW | $32M |
| Capital Expenditure | -$334.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$75M |
| Sales/Maturities of Investments | $35M |
| Other Investing Activities | -$52M |
| NET CASH FROM INVESTING | -$93M |
| Net Debt Issuance | -$126M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$4M |
| Other Financing Activities | $95M |
| NET CASH FROM FINANCING | -$37M |
| FREE CASH FLOW | $32M |
| Net Change in Cash | -$97M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $399M |
| Short-Term Investments | $48M |
| Net Receivables | $37M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $484M |
| PP&E (Net) | $78M |
| Goodwill | $121M |
| Intangible Assets | $15M |
| Long-Term Investments | $6.0B |
| Tax Assets | $21M |
| Other Non-Current Assets | $1.2B |
| TOTAL NON-CURRENT ASSETS | $7.5B |
| TOTAL ASSETS | $8.0B |
| Account Payables | $4M |
| Short-Term Debt | $183M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $6.5B |
| TOTAL CURRENT LIABILITIES | $6.7B |
| Long-Term Debt | $312M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $70M |
| TOTAL NON-CURRENT LIABILITIES | $381M |
| TOTAL LIABILITIES | $7.1B |
| Common Stock | $30M |
| Additional Paid-In Capital | $503M |
| Retained Earnings | $310M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$36M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $878M |
| Minority Interest | $0 |
| TOTAL EQUITY | $878M |
| TOTAL LIABILITIES & EQUITY | $8.0B |
| Total Debt | $495M |
| Net Debt | $96M |
