| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $41M | $40M | $38M | 3.0% | 6.8% |
| Op. Income | $11M | $10M | $8M | 9.2% | 46.5% |
| Gross Margin | 71.9% | 69.1% | 65.2% | 2.7pp | 6.7pp |
| Net Margin | 18.9% | 19.6% | 15.4% | -0.7pp | 3.5pp |
| EPS (Diluted) | $1.61 | $1.60 | $1.24 | 0.6% | 29.8% |
| Free Cash Flow | $16M | $12M | $4M | 32.9% | 264.6% |
| Item | Amount |
|---|---|
| REVENUE | $41M |
| Cost of Revenue | $12M |
| GROSS PROFIT | $29M |
| R&D Expenses | $0 |
| Selling & Marketing | $355.0K |
| General & Administrative | $10M |
| SG&A Expenses | $11M |
| Other Expenses | $8M |
| Operating Expenses | $18M |
| Cost & Expenses | $30M |
| OPERATING INCOME | $11M |
| Interest Income | $34M |
| Interest Expense | $10M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $11M |
| Income Tax Expense | $3M |
| Net Income from Continuing Ops | $8M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $8M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $8M |
| D&A | $761.0K |
| EBIT | $11M |
| EBITDA | $12M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $41M |
| Cost of Revenue | $12M |
| GROSS PROFIT | $29M |
| R&D Expenses | $0 |
| Selling & Marketing | $355.0K |
| General & Administrative | $10M |
| SG&A Expenses | $11M |
| Other Expenses | $8M |
| Operating Expenses | $18M |
| Cost & Expenses | $30M |
| OPERATING INCOME | $11M |
| Interest Income | $34M |
| Interest Expense | $10M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $11M |
| Income Tax Expense | $3M |
| Net Income from Continuing Ops | $8M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $8M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $8M |
| D&A | $761.0K |
| EBIT | $11M |
| EBITDA | $12M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $8M |
| Depreciation & Amortization | $761.0K |
| Stock-Based Compensation | $924.0K |
| Deferred Income Tax | -$3M |
| Other Non-Cash Items | $13M |
| Change in Working Capital | -$3M |
| OPERATING CASH FLOW | $16M |
| Capital Expenditure | -$599.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$4M |
| Sales/Maturities of Investments | $7M |
| Other Investing Activities | -$74M |
| NET CASH FROM INVESTING | -$71M |
| Net Debt Issuance | $43M |
| Common Stock Repurchased | -$295.0K |
| Common Dividends Paid | -$2M |
| Other Financing Activities | -$44M |
| NET CASH FROM FINANCING | -$3M |
| FREE CASH FLOW | $16M |
| Net Change in Cash | -$58M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $23M |
| Short-Term Investments | $281M |
| Net Receivables | $0 |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $303M |
| PP&E (Net) | $25M |
| Goodwill | $22M |
| Intangible Assets | $0 |
| Long-Term Investments | $2.2B |
| Tax Assets | $0 |
| Other Non-Current Assets | $115M |
| TOTAL NON-CURRENT ASSETS | $2.4B |
| TOTAL ASSETS | $2.7B |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $2.3B |
| TOTAL CURRENT LIABILITIES | $2.3B |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $180M |
| TOTAL NON-CURRENT LIABILITIES | $185M |
| TOTAL LIABILITIES | $2.5B |
| Common Stock | $53.0K |
| Additional Paid-In Capital | $50M |
| Retained Earnings | $256M |
| Treasury Stock | -$15M |
| Accum. Other Comp. Income | -$36M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $255M |
| Minority Interest | $0 |
| TOTAL EQUITY | $255M |
| TOTAL LIABILITIES & EQUITY | $2.7B |
| Total Debt | $5M |
| Net Debt | -$18M |
