| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $35M | $35M | $32M | 0.9% | 8.6% |
| Op. Income | $9M | $9M | $7M | -0.5% | 31.3% |
| Gross Margin | 59.5% | 59.0% | 52.3% | 0.5pp | 7.2pp |
| Net Margin | 20.2% | 19.3% | 17.6% | 0.9pp | 2.7pp |
| EPS (Diluted) | $0.58 | $0.55 | $0.54 | 5.5% | 7.4% |
| Free Cash Flow | $85M | -$6M | $0 | 1545.5% | — |
| Item | Amount |
|---|---|
| REVENUE | $35M |
| Cost of Revenue | $14M |
| GROSS PROFIT | $21M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $8M |
| SG&A Expenses | $8M |
| Other Expenses | $4M |
| Operating Expenses | $12M |
| Cost & Expenses | $27M |
| OPERATING INCOME | $9M |
| Interest Income | $33M |
| Interest Expense | $13M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $9M |
| Income Tax Expense | $2M |
| 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 | $9M |
| EBITDA | $9M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $35M |
| Cost of Revenue | $14M |
| GROSS PROFIT | $21M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $8M |
| SG&A Expenses | $8M |
| Other Expenses | $4M |
| Operating Expenses | $12M |
| Cost & Expenses | $27M |
| OPERATING INCOME | $9M |
| Interest Income | $33M |
| Interest Expense | $13M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $9M |
| Income Tax Expense | $2M |
| 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 | $9M |
| EBITDA | $9M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $7M |
| Depreciation & Amortization | $925.0K |
| Stock-Based Compensation | $484.0K |
| Deferred Income Tax | -$478.0K |
| Other Non-Cash Items | $72M |
| Change in Working Capital | $5M |
| OPERATING CASH FLOW | $85M |
| Capital Expenditure | -$326.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$27M |
| Sales/Maturities of Investments | $43M |
| Other Investing Activities | -$92M |
| NET CASH FROM INVESTING | -$75M |
| Net Debt Issuance | -$10M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $85M |
| NET CASH FROM FINANCING | $43M |
| FREE CASH FLOW | $85M |
| Net Change in Cash | $53M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $42M |
| Short-Term Investments | $339M |
| Net Receivables | $0 |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $381M |
| PP&E (Net) | $18M |
| Goodwill | $6M |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $16M |
| Other Non-Current Assets | $0 |
| TOTAL NON-CURRENT ASSETS | $41M |
| TOTAL ASSETS | $2.3B |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $527M |
| TOTAL CURRENT LIABILITIES | $527M |
| Long-Term Debt | $30M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | -$30M |
| TOTAL NON-CURRENT LIABILITIES | $0 |
| TOTAL LIABILITIES | $2.0B |
| Common Stock | $12M |
| Additional Paid-In Capital | $190M |
| Retained Earnings | $67M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$9M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $260M |
| Minority Interest | $0 |
| TOTAL EQUITY | $260M |
| TOTAL LIABILITIES & EQUITY | $2.3B |
| Total Debt | $30M |
| Net Debt | -$12M |
