| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $158M | $236M | $155M | -33.0% | 1.9% |
| Op. Income | $47M | $91M | $51M | -48.4% | -7.9% |
| Gross Margin | 93.3% | 82.6% | 90.3% | 10.7pp | 3.0pp |
| Net Margin | 26.7% | 31.8% | 28.9% | -5.1pp | -2.2pp |
| EPS (Diluted) | $1.81 | $3.14 | $1.78 | -42.4% | 1.7% |
| Free Cash Flow | $2M | $150M | $52M | -98.8% | -96.6% |
| Item | Amount |
|---|---|
| REVENUE | $158M |
| Cost of Revenue | $11M |
| GROSS PROFIT | $148M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $49M |
| SG&A Expenses | $49M |
| Other Expenses | $52M |
| Operating Expenses | $100M |
| Cost & Expenses | $111M |
| OPERATING INCOME | $47M |
| Interest Income | $124M |
| Interest Expense | $1M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $47M |
| Income Tax Expense | $5M |
| Net Income from Continuing Ops | $42M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $42M |
| Net Income Deductions | -$1.0K |
| BOTTOM LINE NET INCOME | $42M |
| D&A | $15M |
| EBIT | $47M |
| EBITDA | $62M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $158M |
| Cost of Revenue | $11M |
| GROSS PROFIT | $148M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $49M |
| SG&A Expenses | $49M |
| Other Expenses | $52M |
| Operating Expenses | $100M |
| Cost & Expenses | $111M |
| OPERATING INCOME | $47M |
| Interest Income | $124M |
| Interest Expense | $1M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $47M |
| Income Tax Expense | $5M |
| Net Income from Continuing Ops | $42M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $42M |
| Net Income Deductions | -$1.0K |
| BOTTOM LINE NET INCOME | $42M |
| D&A | $15M |
| EBIT | $47M |
| EBITDA | $62M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $42M |
| Depreciation & Amortization | $15M |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | $4M |
| Other Non-Cash Items | $322M |
| Change in Working Capital | -$356M |
| OPERATING CASH FLOW | $30M |
| Capital Expenditure | -$29M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $51M |
| Other Investing Activities | -$305M |
| NET CASH FROM INVESTING | -$282M |
| Net Debt Issuance | $115M |
| Common Stock Repurchased | -$45M |
| Common Dividends Paid | -$1M |
| Other Financing Activities | $186M |
| NET CASH FROM FINANCING | $254M |
| FREE CASH FLOW | $2M |
| Net Change in Cash | $4M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $258M |
| Short-Term Investments | $1.0B |
| Net Receivables | $174M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $1.4B |
| PP&E (Net) | $221M |
| Goodwill | $298M |
| Intangible Assets | $13M |
| Long-Term Investments | $4.9B |
| Tax Assets | $0 |
| Other Non-Current Assets | $314M |
| TOTAL NON-CURRENT ASSETS | $5.8B |
| TOTAL ASSETS | $7.2B |
| Account Payables | $0 |
| Short-Term Debt | $115M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $6.0B |
| TOTAL CURRENT LIABILITIES | $6.1B |
| Long-Term Debt | $33M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $258M |
| TOTAL NON-CURRENT LIABILITIES | $291M |
| TOTAL LIABILITIES | $6.4B |
| Common Stock | $230.0K |
| Additional Paid-In Capital | $646M |
| Retained Earnings | $337M |
| Treasury Stock | -$5M |
| Accum. Other Comp. Income | -$160M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $819M |
| Minority Interest | -$856.0K |
| TOTAL EQUITY | $818M |
| TOTAL LIABILITIES & EQUITY | $7.2B |
| Total Debt | $148M |
| Net Debt | -$110M |
