| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $141M | $115M | $150M | 22.3% | -6.4% |
| Op. Income | $18M | $14M | $16M | 24.5% | 9.3% |
| Gross Margin | 37.7% | 45.1% | 31.4% | -7.4pp | 6.3pp |
| Net Margin | 9.7% | 9.6% | 8.9% | 0.1pp | 0.7pp |
| EPS (Diluted) | $0.88 | $0.71 | $0.97 | 23.9% | -9.3% |
| Free Cash Flow | $57M | $64M | $61M | -10.3% | -5.8% |
| Item | Amount |
|---|---|
| REVENUE | $141M |
| Cost of Revenue | $88M |
| GROSS PROFIT | $53M |
| R&D Expenses | $0 |
| Selling & Marketing | $341.0K |
| General & Administrative | $22M |
| SG&A Expenses | $22M |
| Other Expenses | $13M |
| Operating Expenses | $35M |
| Cost & Expenses | $123M |
| OPERATING INCOME | $18M |
| Interest Income | $109M |
| Interest Expense | $31M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $18M |
| Income Tax Expense | $4M |
| Net Income from Continuing Ops | $14M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $14M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $14M |
| D&A | $2M |
| EBIT | $18M |
| EBITDA | $20M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $141M |
| Cost of Revenue | $88M |
| GROSS PROFIT | $53M |
| R&D Expenses | $0 |
| Selling & Marketing | $341.0K |
| General & Administrative | $22M |
| SG&A Expenses | $22M |
| Other Expenses | $13M |
| Operating Expenses | $35M |
| Cost & Expenses | $123M |
| OPERATING INCOME | $18M |
| Interest Income | $109M |
| Interest Expense | $31M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $18M |
| Income Tax Expense | $4M |
| Net Income from Continuing Ops | $14M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $14M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $14M |
| D&A | $2M |
| EBIT | $18M |
| EBITDA | $20M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $14M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $50.0K |
| Deferred Income Tax | $5M |
| Other Non-Cash Items | $57M |
| Change in Working Capital | -$17M |
| OPERATING CASH FLOW | $59M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$248.0K |
| Sales/Maturities of Investments | $2M |
| Other Investing Activities | -$195M |
| NET CASH FROM INVESTING | -$195M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$101.0K |
| Common Dividends Paid | $0 |
| Other Financing Activities | $59M |
| NET CASH FROM FINANCING | $59M |
| FREE CASH FLOW | $57M |
| Net Change in Cash | -$78M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $642M |
| Short-Term Investments | $31.0K |
| Net Receivables | $37M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $679M |
| PP&E (Net) | $34M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $3.8B |
| Tax Assets | $0 |
| Other Non-Current Assets | $33M |
| TOTAL NON-CURRENT ASSETS | $3.9B |
| TOTAL ASSETS | $4.6B |
| Account Payables | $32M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $4.0B |
| TOTAL CURRENT LIABILITIES | $4.0B |
| Long-Term Debt | $48M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $799.0K |
| Other Non-Current Liabilities | $19M |
| TOTAL NON-CURRENT LIABILITIES | $73M |
| TOTAL LIABILITIES | $4.1B |
| Common Stock | $230M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $245M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$1.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $475M |
| Minority Interest | $0 |
| TOTAL EQUITY | $475M |
| TOTAL LIABILITIES & EQUITY | $4.6B |
| Total Debt | $53M |
| Net Debt | -$589M |
