| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $43M | $44M | $44M | -0.9% | -2.3% |
| Op. Income | $16M | $16M | $16M | 1.4% | -2.1% |
| Gross Margin | 90.9% | 90.0% | 86.1% | 0.9pp | 4.8pp |
| Net Margin | 28.7% | 28.0% | 29.3% | 0.7pp | -0.6pp |
| EPS (Diluted) | $0.68 | $0.67 | $0.71 | 1.5% | -4.2% |
| Free Cash Flow | $18M | $19M | $15M | -3.4% | 21.1% |
| Item | Amount |
|---|---|
| REVENUE | $43M |
| Cost of Revenue | $4M |
| GROSS PROFIT | $40M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $17M |
| SG&A Expenses | $17M |
| Other Expenses | $6M |
| Operating Expenses | $23M |
| Cost & Expenses | $27M |
| OPERATING INCOME | $16M |
| Interest Income | $36M |
| Interest Expense | $4M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $16M |
| Income Tax Expense | $4M |
| 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 | $16M |
| EBITDA | $16M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $43M |
| Cost of Revenue | $4M |
| GROSS PROFIT | $40M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $17M |
| SG&A Expenses | $17M |
| Other Expenses | $6M |
| Operating Expenses | $23M |
| Cost & Expenses | $27M |
| OPERATING INCOME | $16M |
| Interest Income | $36M |
| Interest Expense | $4M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $16M |
| Income Tax Expense | $4M |
| 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 | $16M |
| EBITDA | $16M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $12M |
| Depreciation & Amortization | $1M |
| Stock-Based Compensation | $76.0K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $10M |
| Change in Working Capital | -$3M |
| OPERATING CASH FLOW | $20M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$89M |
| Sales/Maturities of Investments | $34M |
| Other Investing Activities | $73M |
| NET CASH FROM INVESTING | $15M |
| Net Debt Issuance | -$215.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$6M |
| Other Financing Activities | $55M |
| NET CASH FROM FINANCING | $49M |
| FREE CASH FLOW | $18M |
| Net Change in Cash | $85M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $512M |
| Short-Term Investments | $133M |
| Net Receivables | $9M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $654M |
| PP&E (Net) | $48M |
| Goodwill | $144M |
| Intangible Assets | $11M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $0 |
| TOTAL NON-CURRENT ASSETS | $203M |
| TOTAL ASSETS | $3.3B |
| Account Payables | $0 |
| Short-Term Debt | $1M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $896M |
| TOTAL CURRENT LIABILITIES | $897M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $1.9B |
| TOTAL NON-CURRENT LIABILITIES | $1.9B |
| TOTAL LIABILITIES | $2.8B |
| Common Stock | $18M |
| Additional Paid-In Capital | $170M |
| Retained Earnings | $319M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$8M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $501M |
| Minority Interest | $0 |
| TOTAL EQUITY | $501M |
| TOTAL LIABILITIES & EQUITY | $3.3B |
| Total Debt | $1M |
| Net Debt | -$511M |
