| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $66M | $62M | $54M | 7.3% | 23.7% |
| Op. Income | $22M | $20M | $15M | 10.6% | 45.9% |
| Gross Margin | 57.9% | 57.1% | 53.4% | 0.8pp | 4.5pp |
| Net Margin | 24.6% | 23.4% | 20.4% | 1.2pp | 4.2pp |
| EPS (Diluted) | $0.77 | $0.68 | $0.52 | 13.2% | 48.1% |
| Free Cash Flow | $19M | $18M | $17M | 5.9% | 7.3% |
| Item | Amount |
|---|---|
| REVENUE | $66M |
| Cost of Revenue | $28M |
| GROSS PROFIT | $38M |
| R&D Expenses | $0 |
| Selling & Marketing | $803.0K |
| General & Administrative | $10M |
| SG&A Expenses | $11M |
| Other Expenses | $5M |
| Operating Expenses | $16M |
| Cost & Expenses | $44M |
| OPERATING INCOME | $22M |
| Interest Income | $65M |
| Interest Expense | $25M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $22M |
| Income Tax Expense | $6M |
| Net Income from Continuing Ops | $16M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $16M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $16M |
| D&A | -$956.0K |
| EBIT | $22M |
| EBITDA | $21M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $66M |
| Cost of Revenue | $28M |
| GROSS PROFIT | $38M |
| R&D Expenses | $0 |
| Selling & Marketing | $803.0K |
| General & Administrative | $10M |
| SG&A Expenses | $11M |
| Other Expenses | $5M |
| Operating Expenses | $16M |
| Cost & Expenses | $44M |
| OPERATING INCOME | $22M |
| Interest Income | $65M |
| Interest Expense | $25M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $22M |
| Income Tax Expense | $6M |
| Net Income from Continuing Ops | $16M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $16M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $16M |
| D&A | -$956.0K |
| EBIT | $22M |
| EBITDA | $21M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $16M |
| Depreciation & Amortization | -$956.0K |
| Stock-Based Compensation | $416.0K |
| Deferred Income Tax | $10.0K |
| Other Non-Cash Items | $4M |
| Change in Working Capital | -$1M |
| OPERATING CASH FLOW | $19M |
| Capital Expenditure | -$215.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$1M |
| Sales/Maturities of Investments | $4M |
| Other Investing Activities | -$129M |
| NET CASH FROM INVESTING | -$127M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$4M |
| Other Financing Activities | $209M |
| NET CASH FROM FINANCING | $205M |
| FREE CASH FLOW | $19M |
| Net Change in Cash | $97M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $581M |
| Short-Term Investments | $59M |
| Net Receivables | $0 |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $640M |
| PP&E (Net) | $11M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $3.9B |
| Tax Assets | $0 |
| Other Non-Current Assets | $107M |
| TOTAL NON-CURRENT ASSETS | $4.0B |
| TOTAL ASSETS | $4.6B |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $4.1B |
| TOTAL CURRENT LIABILITIES | $4.1B |
| Long-Term Debt | $74M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $23M |
| TOTAL NON-CURRENT LIABILITIES | $107M |
| TOTAL LIABILITIES | $4.2B |
| Common Stock | $304M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $138M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$10M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $431M |
| Minority Interest | $0 |
| TOTAL EQUITY | $431M |
| TOTAL LIABILITIES & EQUITY | $4.6B |
| Total Debt | $84M |
| Net Debt | -$496M |
