| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $48M | $47M | $42M | 2.3% | 12.3% |
| Op. Income | $8M | $9M | $7M | -8.3% | 11.9% |
| Gross Margin | 67.8% | 68.9% | 65.0% | -1.1pp | 2.8pp |
| Net Margin | 14.1% | 15.2% | 14.2% | -1.1pp | -0.2pp |
| EPS (Diluted) | $2.07 | $2.19 | $1.87 | -5.5% | 10.7% |
| Free Cash Flow | $1M | $23M | $35M | -95.0% | -96.8% |
| Item | Amount |
|---|---|
| REVENUE | $48M |
| Cost of Revenue | $15M |
| GROSS PROFIT | $32M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $14M |
| SG&A Expenses | $14M |
| Other Expenses | $10M |
| Operating Expenses | $24M |
| Cost & Expenses | $40M |
| OPERATING INCOME | $8M |
| Interest Income | $39M |
| Interest Expense | $12M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $8M |
| Income Tax Expense | $1M |
| Net Income from Continuing Ops | $7M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $7M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $7M |
| D&A | $0 |
| EBIT | $8M |
| EBITDA | $8M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $48M |
| Cost of Revenue | $15M |
| GROSS PROFIT | $32M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $14M |
| SG&A Expenses | $14M |
| Other Expenses | $10M |
| Operating Expenses | $24M |
| Cost & Expenses | $40M |
| OPERATING INCOME | $8M |
| Interest Income | $39M |
| Interest Expense | $12M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $8M |
| Income Tax Expense | $1M |
| Net Income from Continuing Ops | $7M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $7M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $7M |
| D&A | $0 |
| EBIT | $8M |
| EBITDA | $8M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $7M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$6M |
| Change in Working Capital | $2M |
| OPERATING CASH FLOW | $2M |
| Capital Expenditure | -$1M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$65M |
| NET CASH FROM INVESTING | -$65M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$507.0K |
| Common Dividends Paid | -$1M |
| Other Financing Activities | $48M |
| NET CASH FROM FINANCING | $46M |
| FREE CASH FLOW | $1M |
| Net Change in Cash | -$17M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $14M |
| Short-Term Investments | $458M |
| Net Receivables | $12M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $483M |
| PP&E (Net) | $0 |
| Goodwill | $25M |
| Intangible Assets | $909.0K |
| Long-Term Investments | $2.1B |
| Tax Assets | $0 |
| Other Non-Current Assets | -$2.0B |
| TOTAL NON-CURRENT ASSETS | $79M |
| TOTAL ASSETS | $2.8B |
| Account Payables | $4M |
| Short-Term Debt | $21M |
| Deferred Revenue | $0 |
| Other Current Liabilities | -$5M |
| TOTAL CURRENT LIABILITIES | $20M |
| Long-Term Debt | $85M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $2.4B |
| TOTAL NON-CURRENT LIABILITIES | $2.5B |
| TOTAL LIABILITIES | $2.5B |
| Common Stock | $3M |
| Additional Paid-In Capital | $1M |
| Retained Earnings | $269M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$11M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $262M |
| Minority Interest | $595.0K |
| TOTAL EQUITY | $262M |
| TOTAL LIABILITIES & EQUITY | $2.8B |
| Total Debt | $116M |
| Net Debt | $102M |
