| Metric | FY 2025 | Prior Q | FY 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $156M | — | $197M | — | -20.9% |
| Op. Income | $119M | — | $153M | — | -22.4% |
| Gross Margin | 78.0% | — | 100.0% | — | -22.0pp |
| Net Margin | 22.1% | — | 37.3% | — | -15.2pp |
| EPS (Diluted) | $0.93 | — | $1.99 | — | -53.3% |
| Free Cash Flow | $47M | — | $83M | — | -43.5% |
| Item | Amount |
|---|---|
| REVENUE | $156M |
| Cost of Revenue | $34M |
| GROSS PROFIT | $122M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $3M |
| Operating Expenses | $3M |
| Cost & Expenses | $37M |
| OPERATING INCOME | $119M |
| Interest Income | $167M |
| Interest Expense | $57M |
| Other Income/Expenses | -$83M |
| INCOME BEFORE TAX | $36M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | $35M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $35M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $35M |
| D&A | $0 |
| EBIT | $94M |
| EBITDA | $94M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $156M |
| Cost of Revenue | $34M |
| GROSS PROFIT | $122M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $3M |
| Operating Expenses | $3M |
| Cost & Expenses | $37M |
| OPERATING INCOME | $119M |
| Interest Income | $167M |
| Interest Expense | $57M |
| Other Income/Expenses | -$83M |
| INCOME BEFORE TAX | $36M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | $35M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $35M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $35M |
| D&A | $0 |
| EBIT | $94M |
| EBITDA | $94M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $35M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $18M |
| Change in Working Capital | -$5M |
| OPERATING CASH FLOW | $47M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$307M |
| Sales/Maturities of Investments | $335M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $28M |
| Net Debt Issuance | -$13M |
| Common Stock Repurchased | -$1M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$83M |
| FREE CASH FLOW | $47M |
| Net Change in Cash | -$8M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $31M |
| Short-Term Investments | $58M |
| Net Receivables | $17M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $107M |
| PP&E (Net) | $0 |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $1.5B |
| Tax Assets | $190.0K |
| Other Non-Current Assets | $2M |
| TOTAL NON-CURRENT ASSETS | $1.5B |
| TOTAL ASSETS | $1.6B |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $0 |
| Long-Term Debt | $874M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $190.0K |
| Other Non-Current Liabilities | $42M |
| TOTAL NON-CURRENT LIABILITIES | $916M |
| TOTAL LIABILITIES | $916M |
| Common Stock | $37.0K |
| Additional Paid-In Capital | $957M |
| Retained Earnings | -$251M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $706M |
| Minority Interest | $0 |
| TOTAL EQUITY | $706M |
| TOTAL LIABILITIES & EQUITY | $1.6B |
| Total Debt | $874M |
| Net Debt | $842M |
