| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $44M | $42M | $42M | 4.0% | 3.9% |
| Op. Income | $12M | $10M | $9M | 18.7% | 33.6% |
| Gross Margin | 64.6% | 62.6% | 59.6% | 2.0pp | 5.0pp |
| Net Margin | 22.7% | 20.0% | 17.8% | 2.7pp | 4.9pp |
| EPS (Diluted) | $2.09 | $1.76 | $1.57 | 18.7% | 33.1% |
| Free Cash Flow | $4M | $5M | $6M | -27.9% | -29.3% |
| Item | Amount |
|---|---|
| REVENUE | $44M |
| Cost of Revenue | $16M |
| GROSS PROFIT | $28M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $19M |
| SG&A Expenses | $19M |
| Other Expenses | -$3M |
| Operating Expenses | $16M |
| Cost & Expenses | $32M |
| OPERATING INCOME | $12M |
| Interest Income | $77M |
| Interest Expense | $15M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $12M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | $10M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $10M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $10M |
| D&A | -$921.0K |
| EBIT | $12M |
| EBITDA | $11M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $44M |
| Cost of Revenue | $16M |
| GROSS PROFIT | $28M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $19M |
| SG&A Expenses | $19M |
| Other Expenses | -$3M |
| Operating Expenses | $16M |
| Cost & Expenses | $32M |
| OPERATING INCOME | $12M |
| Interest Income | $77M |
| Interest Expense | $15M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $12M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | $10M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $10M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $10M |
| D&A | -$921.0K |
| EBIT | $12M |
| EBITDA | $11M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $10M |
| Depreciation & Amortization | -$2M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | -$76.0K |
| Other Non-Cash Items | -$7M |
| Change in Working Capital | $2M |
| OPERATING CASH FLOW | $3M |
| Capital Expenditure | $1M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$16M |
| Sales/Maturities of Investments | -$50M |
| Other Investing Activities | -$39M |
| NET CASH FROM INVESTING | -$104M |
| Net Debt Issuance | -$34M |
| Common Stock Repurchased | -$77.0K |
| Common Dividends Paid | -$2M |
| Other Financing Activities | $119M |
| NET CASH FROM FINANCING | $82M |
| FREE CASH FLOW | $4M |
| Net Change in Cash | -$18M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $35M |
| Short-Term Investments | $73M |
| Net Receivables | $11M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $119M |
| PP&E (Net) | $22M |
| Goodwill | $86M |
| Intangible Assets | $2M |
| Long-Term Investments | $2.3B |
| Tax Assets | $12M |
| Other Non-Current Assets | $480M |
| TOTAL NON-CURRENT ASSETS | $2.9B |
| TOTAL ASSETS | $3.1B |
| Account Payables | $4M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $2.4B |
| TOTAL CURRENT LIABILITIES | $2.4B |
| Long-Term Debt | $280M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $34M |
| TOTAL NON-CURRENT LIABILITIES | $314M |
| TOTAL LIABILITIES | $2.7B |
| Common Stock | $5M |
| Additional Paid-In Capital | $148M |
| Retained Earnings | $206M |
| Treasury Stock | -$16M |
| Accum. Other Comp. Income | -$15M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $328M |
| Minority Interest | $0 |
| TOTAL EQUITY | $328M |
| TOTAL LIABILITIES & EQUITY | $3.1B |
| Total Debt | $280M |
| Net Debt | $245M |
