| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $188M | $179M | $172M | 4.8% | 9.2% |
| Op. Income | $40M | $40M | $18M | -0.2% | 120.0% |
| Gross Margin | 54.5% | 56.1% | 44.2% | -1.6pp | 10.3pp |
| Net Margin | 14.7% | 16.6% | 7.8% | -1.8pp | 7.0pp |
| EPS (Diluted) | $0.59 | $0.65 | $0.29 | -9.2% | 103.4% |
| Free Cash Flow | $51M | $21M | -$34M | 144.5% | 250.3% |
| Item | Amount |
|---|---|
| REVENUE | $188M |
| Cost of Revenue | $85M |
| GROSS PROFIT | $102M |
| R&D Expenses | $0 |
| Selling & Marketing | $2M |
| General & Administrative | $40M |
| SG&A Expenses | $42M |
| Other Expenses | $20M |
| Operating Expenses | $62M |
| Cost & Expenses | $148M |
| OPERATING INCOME | $40M |
| Interest Income | $176M |
| Interest Expense | $72M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $40M |
| Income Tax Expense | $12M |
| Net Income from Continuing Ops | $28M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $28M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $25M |
| D&A | $2M |
| EBIT | $40M |
| EBITDA | $42M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $188M |
| Cost of Revenue | $85M |
| GROSS PROFIT | $102M |
| R&D Expenses | $0 |
| Selling & Marketing | $2M |
| General & Administrative | $40M |
| SG&A Expenses | $42M |
| Other Expenses | $20M |
| Operating Expenses | $62M |
| Cost & Expenses | $148M |
| OPERATING INCOME | $40M |
| Interest Income | $176M |
| Interest Expense | $72M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $40M |
| Income Tax Expense | $12M |
| Net Income from Continuing Ops | $28M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $28M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $25M |
| D&A | $2M |
| EBIT | $40M |
| EBITDA | $42M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $28M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $15M |
| Change in Working Capital | $6M |
| OPERATING CASH FLOW | $52M |
| Capital Expenditure | -$864.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$25M |
| Sales/Maturities of Investments | $76M |
| Other Investing Activities | $148M |
| NET CASH FROM INVESTING | $197M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$11M |
| Other Financing Activities | $321M |
| NET CASH FROM FINANCING | $309M |
| FREE CASH FLOW | $51M |
| Net Change in Cash | $558M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.7B |
| Short-Term Investments | $497M |
| Net Receivables | $57M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $2.3B |
| PP&E (Net) | $78M |
| Goodwill | $156M |
| Intangible Assets | $3M |
| Long-Term Investments | $11.5B |
| Tax Assets | $0 |
| Other Non-Current Assets | $531M |
| TOTAL NON-CURRENT ASSETS | $12.3B |
| TOTAL ASSETS | $14.5B |
| Account Payables | $0 |
| Short-Term Debt | $400M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $12.1B |
| TOTAL CURRENT LIABILITIES | $12.5B |
| Long-Term Debt | $380M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $196M |
| TOTAL NON-CURRENT LIABILITIES | $625M |
| TOTAL LIABILITIES | $13.1B |
| Common Stock | $461.0K |
| Additional Paid-In Capital | $623M |
| Retained Earnings | $835M |
| Treasury Stock | -$78M |
| Accum. Other Comp. Income | -$34M |
| Other Equity | -$11M |
| TOTAL STOCKHOLDERS' EQUITY | $1.5B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.5B |
| TOTAL LIABILITIES & EQUITY | $14.5B |
| Total Debt | $829M |
| Net Debt | -$886M |
