| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $270M | $268M | $257M | 0.8% | 4.8% |
| Op. Income | $65M | $65M | $77M | 0.3% | -14.5% |
| Gross Margin | 60.9% | 60.5% | 59.4% | 0.4pp | 1.5pp |
| Net Margin | 21.2% | 21.2% | 25.0% | -0.1pp | -3.8pp |
| EPS (Diluted) | $0.99 | $0.98 | $1.10 | 1.0% | -10.0% |
| Free Cash Flow | $81M | $88M | $68M | -7.8% | 19.6% |
| Item | Amount |
|---|---|
| REVENUE | $270M |
| Cost of Revenue | $106M |
| GROSS PROFIT | $164M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $73M |
| SG&A Expenses | $73M |
| Other Expenses | $26M |
| Operating Expenses | $99M |
| Cost & Expenses | $204M |
| OPERATING INCOME | $65M |
| Interest Income | $237M |
| Interest Expense | $98M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $65M |
| Income Tax Expense | $8M |
| Net Income from Continuing Ops | $57M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $57M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $57M |
| D&A | $6M |
| EBIT | $65M |
| EBITDA | $71M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $270M |
| Cost of Revenue | $106M |
| GROSS PROFIT | $164M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $73M |
| SG&A Expenses | $73M |
| Other Expenses | $26M |
| Operating Expenses | $99M |
| Cost & Expenses | $204M |
| OPERATING INCOME | $65M |
| Interest Income | $237M |
| Interest Expense | $98M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $65M |
| Income Tax Expense | $8M |
| Net Income from Continuing Ops | $57M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $57M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $57M |
| D&A | $6M |
| EBIT | $65M |
| EBITDA | $71M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $57M |
| Depreciation & Amortization | $6M |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | $4M |
| Other Non-Cash Items | $16M |
| Change in Working Capital | -$5M |
| OPERATING CASH FLOW | $81M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$22M |
| Sales/Maturities of Investments | $41M |
| Other Investing Activities | -$319M |
| NET CASH FROM INVESTING | -$301M |
| Net Debt Issuance | -$178M |
| Common Stock Repurchased | -$10M |
| Common Dividends Paid | -$21M |
| Other Financing Activities | $425M |
| NET CASH FROM FINANCING | $216M |
| FREE CASH FLOW | $81M |
| Net Change in Cash | -$4M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $84M |
| Short-Term Investments | $1.4B |
| Net Receivables | $93M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $1.6B |
| PP&E (Net) | $121M |
| Goodwill | $712M |
| Intangible Assets | $14M |
| Long-Term Investments | $0 |
| Tax Assets | $79M |
| Other Non-Current Assets | $0 |
| TOTAL NON-CURRENT ASSETS | $926M |
| TOTAL ASSETS | $19.0B |
| Account Payables | $0 |
| Short-Term Debt | $144M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $7.8B |
| TOTAL CURRENT LIABILITIES | $7.9B |
| Long-Term Debt | $856M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $7.8B |
| TOTAL NON-CURRENT LIABILITIES | $8.6B |
| TOTAL LIABILITIES | $16.6B |
| Common Stock | $7M |
| Additional Paid-In Capital | $1.2B |
| Retained Earnings | $1.4B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$130M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.5B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.5B |
| TOTAL LIABILITIES & EQUITY | $19.0B |
| Total Debt | $1000M |
| Net Debt | $916M |
