| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $97M | $96M | -$14M | 0.3% | 802.0% |
| Op. Income | $24M | $25M | -$115M | -4.9% | 120.8% |
| Gross Margin | 62.9% | 63.1% | 414.8% | -0.2pp | -351.9pp |
| Net Margin | 20.7% | 21.3% | 602.1% | -0.6pp | -581.4pp |
| EPS (Diluted) | $0.96 | $0.99 | $-5.07 | -3.0% | 118.9% |
| Free Cash Flow | $18M | -$4M | $27M | 506.6% | -31.7% |
| Item | Amount |
|---|---|
| REVENUE | $97M |
| Cost of Revenue | $36M |
| GROSS PROFIT | $61M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $23M |
| SG&A Expenses | $23M |
| Other Expenses | $13M |
| Operating Expenses | $37M |
| Cost & Expenses | $73M |
| OPERATING INCOME | $24M |
| Interest Income | $85M |
| Interest Expense | $32M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $24M |
| Income Tax Expense | $4M |
| Net Income from Continuing Ops | $20M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $20M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $20M |
| D&A | $0 |
| EBIT | $24M |
| EBITDA | $24M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $97M |
| Cost of Revenue | $36M |
| GROSS PROFIT | $61M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $23M |
| SG&A Expenses | $23M |
| Other Expenses | $13M |
| Operating Expenses | $37M |
| Cost & Expenses | $73M |
| OPERATING INCOME | $24M |
| Interest Income | $85M |
| Interest Expense | $32M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $24M |
| Income Tax Expense | $4M |
| Net Income from Continuing Ops | $20M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $20M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $20M |
| D&A | $0 |
| EBIT | $24M |
| EBITDA | $24M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $20M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $46M |
| Change in Working Capital | -$45M |
| OPERATING CASH FLOW | $21M |
| Capital Expenditure | -$3M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$62M |
| NET CASH FROM INVESTING | -$62M |
| Net Debt Issuance | $133M |
| Common Stock Repurchased | -$11M |
| Common Dividends Paid | -$7M |
| Other Financing Activities | -$151M |
| NET CASH FROM FINANCING | -$36M |
| FREE CASH FLOW | $18M |
| Net Change in Cash | -$77M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $109M |
| Short-Term Investments | $922M |
| Net Receivables | $25M |
| Inventory | $0 |
| Other Current Assets | -$987M |
| TOTAL CURRENT ASSETS | $109M |
| PP&E (Net) | $0 |
| Goodwill | $58M |
| Intangible Assets | $2M |
| Long-Term Investments | $5.6B |
| Tax Assets | $0 |
| Other Non-Current Assets | $484M |
| TOTAL NON-CURRENT ASSETS | $6.2B |
| TOTAL ASSETS | $6.3B |
| Account Payables | $21M |
| Short-Term Debt | $112M |
| Deferred Revenue | $0 |
| Other Current Liabilities | -$41M |
| TOTAL CURRENT LIABILITIES | $93M |
| Long-Term Debt | $194M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $15M |
| Other Non-Current Liabilities | $5.3B |
| TOTAL NON-CURRENT LIABILITIES | $5.5B |
| TOTAL LIABILITIES | $5.6B |
| Common Stock | $207.0K |
| Additional Paid-In Capital | $234M |
| Retained Earnings | $437M |
| Treasury Stock | -$27M |
| Accum. Other Comp. Income | -$33M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $629M |
| Minority Interest | $0 |
| TOTAL EQUITY | $629M |
| TOTAL LIABILITIES & EQUITY | $6.3B |
| Total Debt | $334M |
| Net Debt | $225M |
