| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $66M | $64M | $62M | 2.9% | 6.6% |
| Op. Income | $15M | $16M | $11M | -5.8% | 29.6% |
| Gross Margin | 69.7% | 67.2% | 63.3% | 2.5pp | 6.4pp |
| Net Margin | 18.7% | 20.0% | 16.1% | -1.3pp | 2.6pp |
| EPS (Diluted) | $0.61 | $0.68 | $0.63 | -10.3% | -3.2% |
| Free Cash Flow | -$16M | $18M | $19M | -187.9% | -187.3% |
| Item | Amount |
|---|---|
| REVENUE | $66M |
| Cost of Revenue | $20M |
| GROSS PROFIT | $46M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $18M |
| SG&A Expenses | $18M |
| Other Expenses | $13M |
| Operating Expenses | $31M |
| Cost & Expenses | $51M |
| OPERATING INCOME | $15M |
| Interest Income | $56M |
| Interest Expense | $19M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $15M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | $12M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $12M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $12M |
| D&A | $0 |
| EBIT | $15M |
| EBITDA | $15M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $66M |
| Cost of Revenue | $20M |
| GROSS PROFIT | $46M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $18M |
| SG&A Expenses | $18M |
| Other Expenses | $13M |
| Operating Expenses | $31M |
| Cost & Expenses | $51M |
| OPERATING INCOME | $15M |
| Interest Income | $56M |
| Interest Expense | $19M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $15M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | $12M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $12M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $12M |
| D&A | $0 |
| EBIT | $15M |
| EBITDA | $15M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $12M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$629.0K |
| Change in Working Capital | $0 |
| OPERATING CASH FLOW | -$16M |
| Capital Expenditure | -$542.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $64M |
| NET CASH FROM INVESTING | $64M |
| Net Debt Issuance | -$58M |
| Common Stock Repurchased | -$4.0K |
| Common Dividends Paid | -$3M |
| Other Financing Activities | -$95.0K |
| NET CASH FROM FINANCING | -$61M |
| FREE CASH FLOW | -$16M |
| Net Change in Cash | -$39M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $77M |
| Short-Term Investments | $685M |
| Net Receivables | $14M |
| Inventory | $0 |
| Other Current Assets | -$14M |
| TOTAL CURRENT ASSETS | $762M |
| PP&E (Net) | $41M |
| Goodwill | $130M |
| Intangible Assets | $10M |
| Long-Term Investments | $3.6B |
| Tax Assets | $0 |
| Other Non-Current Assets | -$3.6B |
| TOTAL NON-CURRENT ASSETS | $184M |
| TOTAL ASSETS | $4.3B |
| Account Payables | $0 |
| Short-Term Debt | $175M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $1M |
| TOTAL CURRENT LIABILITIES | $176M |
| Long-Term Debt | $109M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $3.7B |
| TOTAL NON-CURRENT LIABILITIES | $3.8B |
| TOTAL LIABILITIES | $3.8B |
| Common Stock | $420M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $240M |
| Treasury Stock | -$76M |
| Accum. Other Comp. Income | -$40M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $543M |
| Minority Interest | $0 |
| TOTAL EQUITY | $543M |
| TOTAL LIABILITIES & EQUITY | $4.3B |
| Total Debt | $284M |
| Net Debt | $207M |
