| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $122M | $116M | $112M | 5.6% | 8.9% |
| Op. Income | $29M | $30M | $25M | -4.5% | 13.4% |
| Gross Margin | 49.4% | 72.3% | 68.9% | -22.9pp | -19.5pp |
| Net Margin | 18.4% | 20.2% | 17.3% | -1.9pp | 1.0pp |
| EPS (Diluted) | $0.94 | $0.98 | $0.81 | -4.1% | 16.0% |
| Free Cash Flow | $32M | $6M | $32M | 435.5% | -0.3% |
| Item | Amount |
|---|---|
| REVENUE | $122M |
| Cost of Revenue | $62M |
| GROSS PROFIT | $60M |
| R&D Expenses | $0 |
| Selling & Marketing | $959.0K |
| General & Administrative | $31M |
| SG&A Expenses | $32M |
| Other Expenses | $0 |
| Operating Expenses | $32M |
| Cost & Expenses | $94M |
| OPERATING INCOME | $29M |
| Interest Income | $181M |
| Interest Expense | $30M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $29M |
| Income Tax Expense | $6M |
| Net Income from Continuing Ops | $22M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $22M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $22M |
| D&A | $5M |
| EBIT | $29M |
| EBITDA | $34M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $122M |
| Cost of Revenue | $62M |
| GROSS PROFIT | $60M |
| R&D Expenses | $0 |
| Selling & Marketing | $959.0K |
| General & Administrative | $31M |
| SG&A Expenses | $32M |
| Other Expenses | $0 |
| Operating Expenses | $32M |
| Cost & Expenses | $94M |
| OPERATING INCOME | $29M |
| Interest Income | $181M |
| Interest Expense | $30M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $29M |
| Income Tax Expense | $6M |
| Net Income from Continuing Ops | $22M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $22M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $22M |
| D&A | $5M |
| EBIT | $29M |
| EBITDA | $34M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $22M |
| Depreciation & Amortization | $5M |
| Stock-Based Compensation | $637.0K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $5M |
| Change in Working Capital | -$119.0K |
| OPERATING CASH FLOW | $33M |
| Capital Expenditure | -$1M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$49M |
| Sales/Maturities of Investments | $61M |
| Other Investing Activities | -$57M |
| NET CASH FROM INVESTING | -$46M |
| Net Debt Issuance | $7M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$6M |
| Other Financing Activities | $99M |
| NET CASH FROM FINANCING | $100M |
| FREE CASH FLOW | $32M |
| Net Change in Cash | $87M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $278M |
| Short-Term Investments | $219M |
| Net Receivables | $92M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $590M |
| PP&E (Net) | $95M |
| Goodwill | $203M |
| Intangible Assets | $52M |
| Long-Term Investments | $6.6B |
| Tax Assets | $0 |
| Other Non-Current Assets | $248M |
| TOTAL NON-CURRENT ASSETS | $7.2B |
| TOTAL ASSETS | $7.8B |
| Account Payables | $8M |
| Short-Term Debt | $201M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $6.3B |
| TOTAL CURRENT LIABILITIES | $6.5B |
| Long-Term Debt | $349M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $37M |
| TOTAL NON-CURRENT LIABILITIES | $400M |
| TOTAL LIABILITIES | $6.9B |
| Common Stock | $101M |
| Additional Paid-In Capital | $517M |
| Retained Earnings | $446M |
| Treasury Stock | -$23M |
| Accum. Other Comp. Income | -$110M |
| Other Equity | $2M |
| TOTAL STOCKHOLDERS' EQUITY | $932M |
| Minority Interest | $0 |
| TOTAL EQUITY | $932M |
| TOTAL LIABILITIES & EQUITY | $7.8B |
| Total Debt | $563M |
| Net Debt | $285M |
