| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $292M | $291M | $262M | 0.5% | 11.8% |
| Op. Income | $93M | $96M | $65M | -3.2% | 43.7% |
| Gross Margin | 74.6% | 73.3% | 69.2% | 1.3pp | 5.4pp |
| Net Margin | 23.9% | 25.4% | 20.1% | -1.5pp | 3.9pp |
| EPS (Diluted) | $0.56 | $0.59 | $0.41 | -5.1% | 36.6% |
| Free Cash Flow | $100M | $50M | $102M | 101.9% | -2.4% |
| Item | Amount |
|---|---|
| REVENUE | $292M |
| Cost of Revenue | $74M |
| GROSS PROFIT | $218M |
| R&D Expenses | $0 |
| Selling & Marketing | $2M |
| General & Administrative | $100M |
| SG&A Expenses | $102M |
| Other Expenses | $23M |
| Operating Expenses | $125M |
| Cost & Expenses | $199M |
| OPERATING INCOME | $93M |
| Interest Income | $237M |
| Interest Expense | $67M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $93M |
| Income Tax Expense | $23M |
| Net Income from Continuing Ops | $70M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $70M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $70M |
| D&A | $0 |
| EBIT | $93M |
| EBITDA | $93M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $292M |
| Cost of Revenue | $74M |
| GROSS PROFIT | $218M |
| R&D Expenses | $0 |
| Selling & Marketing | $2M |
| General & Administrative | $100M |
| SG&A Expenses | $102M |
| Other Expenses | $23M |
| Operating Expenses | $125M |
| Cost & Expenses | $199M |
| OPERATING INCOME | $93M |
| Interest Income | $237M |
| Interest Expense | $67M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $93M |
| Income Tax Expense | $23M |
| Net Income from Continuing Ops | $70M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $70M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $70M |
| D&A | $0 |
| EBIT | $93M |
| EBITDA | $93M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $70M |
| Depreciation & Amortization | $8M |
| Stock-Based Compensation | $4M |
| Deferred Income Tax | -$2M |
| Other Non-Cash Items | $7M |
| Change in Working Capital | $18M |
| OPERATING CASH FLOW | $105M |
| Capital Expenditure | -$5M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$178M |
| Sales/Maturities of Investments | $155M |
| Other Investing Activities | -$183M |
| NET CASH FROM INVESTING | -$211M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$26M |
| Common Dividends Paid | -$32M |
| Other Financing Activities | -$214M |
| NET CASH FROM FINANCING | -$272M |
| FREE CASH FLOW | $100M |
| Net Change in Cash | -$378M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $229M |
| Short-Term Investments | $0 |
| Net Receivables | $78M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $306M |
| PP&E (Net) | $303M |
| Goodwill | $995M |
| Intangible Assets | $5M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $0 |
| TOTAL NON-CURRENT ASSETS | $1.3B |
| TOTAL ASSETS | $24.0B |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $0 |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $0 |
| TOTAL LIABILITIES | $21.2B |
| Common Stock | $1M |
| Additional Paid-In Capital | $2.6B |
| Retained Earnings | $1.1B |
| Treasury Stock | -$519M |
| Accum. Other Comp. Income | -$368M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.8B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.8B |
| TOTAL LIABILITIES & EQUITY | $24.0B |
| Total Debt | $0 |
| Net Debt | -$229M |
