| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2M | — | $2M | — | -13.6% |
| Op. Income | $39M | — | $14M | — | 177.5% |
| Gross Margin | -107.6% | — | 50.7% | — | -158.3pp |
| Net Margin | 2598.5% | — | 809.2% | — | 1789.4pp |
| EPS (Diluted) | $3.06 | — | $1.29 | — | 137.2% |
| Free Cash Flow | -$10M | — | -$1M | — | -724.8% |
| Item | Amount |
|---|---|
| REVENUE | $2M |
| Cost of Revenue | $3M |
| GROSS PROFIT | -$2M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | -$41M |
| Operating Expenses | -$41M |
| Cost & Expenses | -$37M |
| OPERATING INCOME | $39M |
| Interest Income | $1M |
| Interest Expense | $0 |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $39M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | $39M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $39M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $39M |
| D&A | $0 |
| EBIT | $39M |
| EBITDA | $39M |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| Net Income | $39M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$43M |
| Change in Working Capital | -$6M |
| OPERATING CASH FLOW | -$10M |
| Capital Expenditure | -$4 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$392M |
| Sales/Maturities of Investments | $83M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$309M |
| Net Debt Issuance | -$1.3K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $293.6K |
| NET CASH FROM FINANCING | $324M |
| FREE CASH FLOW | -$10M |
| Net Change in Cash | $4M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $4M |
| Short-Term Investments | $201M |
| Net Receivables | $7M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $213M |
| PP&E (Net) | $0 |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $228M |
| Tax Assets | $0 |
| Other Non-Current Assets | $608.4K |
| TOTAL NON-CURRENT ASSETS | $229M |
| TOTAL ASSETS | $441M |
| Account Payables | $0 |
| Short-Term Debt | $1.3K |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $1.3K |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $3M |
| TOTAL NON-CURRENT LIABILITIES | $3M |
| TOTAL LIABILITIES | $3M |
| Common Stock | $404M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $34M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $438M |
| Minority Interest | $0 |
| TOTAL EQUITY | $438M |
| TOTAL LIABILITIES & EQUITY | $441M |
| Total Debt | $1.3K |
| Net Debt | -$4M |
