| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $64M | $58M | — | 9.5% | — |
| Op. Income | $9M | $3M | — | 194.7% | — |
| Gross Margin | 64.4% | 47.2% | — | 17.2pp | — |
| Net Margin | 10.7% | 4.2% | — | 6.5pp | — |
| EPS (Diluted) | $0.28 | $0.10 | — | 184.0% | — |
| Free Cash Flow | -$11M | -$41M | — | 72.2% | — |
| Item | Amount |
|---|---|
| REVENUE | $64M |
| Cost of Revenue | $23M |
| GROSS PROFIT | $41M |
| R&D Expenses | $0 |
| Selling & Marketing | $450.0K |
| General & Administrative | $20M |
| SG&A Expenses | $20M |
| Other Expenses | $12M |
| Operating Expenses | $32M |
| Cost & Expenses | $55M |
| OPERATING INCOME | $9M |
| Interest Income | $52M |
| Interest Expense | $23M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $9M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | $7M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $7M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $7M |
| D&A | $2M |
| EBIT | $9M |
| EBITDA | $11M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $64M |
| Cost of Revenue | $23M |
| GROSS PROFIT | $41M |
| R&D Expenses | $0 |
| Selling & Marketing | $450.0K |
| General & Administrative | $20M |
| SG&A Expenses | $20M |
| Other Expenses | $12M |
| Operating Expenses | $32M |
| Cost & Expenses | $55M |
| OPERATING INCOME | $9M |
| Interest Income | $52M |
| Interest Expense | $23M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $9M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | $7M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $7M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $7M |
| D&A | $2M |
| EBIT | $9M |
| EBITDA | $11M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $7M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $12.0K |
| Deferred Income Tax | $2M |
| Other Non-Cash Items | -$24M |
| Change in Working Capital | $2M |
| OPERATING CASH FLOW | -$11M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$49.0K |
| Sales/Maturities of Investments | $32M |
| Other Investing Activities | -$125M |
| NET CASH FROM INVESTING | -$94M |
| Net Debt Issuance | $84M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$2M |
| Other Financing Activities | -$7M |
| NET CASH FROM FINANCING | $75M |
| FREE CASH FLOW | -$11M |
| Net Change in Cash | -$30M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $8M |
| Short-Term Investments | $235M |
| Net Receivables | $0 |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $242M |
| PP&E (Net) | $29M |
| Goodwill | $93M |
| Intangible Assets | $6M |
| Long-Term Investments | $3.4B |
| Tax Assets | $17M |
| Other Non-Current Assets | -$3.4B |
| TOTAL NON-CURRENT ASSETS | $150M |
| TOTAL ASSETS | $4.0B |
| Account Payables | $0 |
| Short-Term Debt | $105M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $3.2B |
| TOTAL CURRENT LIABILITIES | $3.3B |
| Long-Term Debt | $196M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $25M |
| TOTAL NON-CURRENT LIABILITIES | $232M |
| TOTAL LIABILITIES | $3.6B |
| Common Stock | $247.0K |
| Additional Paid-In Capital | $315M |
| Retained Earnings | $83M |
| Treasury Stock | -$807.0K |
| Accum. Other Comp. Income | -$15M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $382M |
| Minority Interest | $0 |
| TOTAL EQUITY | $382M |
| TOTAL LIABILITIES & EQUITY | $4.0B |
| Total Debt | $221M |
| Net Debt | $147M |
