| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $114M | $111M | $112M | 3.3% | 2.2% |
| Op. Income | $16M | $13M | $16M | 22.4% | 1.1% |
| Gross Margin | 20.9% | 18.7% | 19.5% | 2.2pp | 1.4pp |
| Net Margin | 11.0% | 9.4% | 11.4% | 1.6pp | -0.5pp |
| EPS (Diluted) | $0.86 | $0.71 | $0.92 | 21.1% | -6.5% |
| Free Cash Flow | $6M | $7M | $16M | -18.7% | -64.4% |
| Item | Amount |
|---|---|
| REVENUE | $114M |
| Cost of Revenue | $90M |
| GROSS PROFIT | $24M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $8M |
| Operating Expenses | $8M |
| Cost & Expenses | $98M |
| OPERATING INCOME | $16M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $16M |
| Income Tax Expense | $4M |
| Net Income from Continuing Ops | $13M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $13M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $12M |
| D&A | $1M |
| EBIT | $16M |
| EBITDA | $17M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $114M |
| Cost of Revenue | $90M |
| GROSS PROFIT | $24M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $8M |
| Operating Expenses | $8M |
| Cost & Expenses | $98M |
| OPERATING INCOME | $16M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $16M |
| Income Tax Expense | $4M |
| Net Income from Continuing Ops | $13M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $13M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $12M |
| D&A | $1M |
| EBIT | $16M |
| EBITDA | $17M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $13M |
| Depreciation & Amortization | $1M |
| Stock-Based Compensation | $980.0K |
| Deferred Income Tax | $2M |
| Other Non-Cash Items | $3M |
| Change in Working Capital | -$14M |
| OPERATING CASH FLOW | $6M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$630M |
| Sales/Maturities of Investments | $634M |
| Other Investing Activities | -$1M |
| NET CASH FROM INVESTING | $2M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$110.0K |
| FREE CASH FLOW | $6M |
| Net Change in Cash | $8M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $75M |
| Short-Term Investments | $1.0B |
| Net Receivables | $146M |
| Inventory | $0 |
| Other Current Assets | -$1.1B |
| TOTAL CURRENT ASSETS | $151M |
| PP&E (Net) | $8M |
| Goodwill | $5M |
| Intangible Assets | $17M |
| Long-Term Investments | $326M |
| Tax Assets | $0 |
| Other Non-Current Assets | -$326M |
| TOTAL NON-CURRENT ASSETS | $30M |
| TOTAL ASSETS | $1.7B |
| Account Payables | $3M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | -$5M |
| TOTAL CURRENT LIABILITIES | $0 |
| Long-Term Debt | $9M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $1.0B |
| TOTAL NON-CURRENT LIABILITIES | $1.0B |
| TOTAL LIABILITIES | $1.0B |
| Common Stock | $0 |
| Additional Paid-In Capital | $465M |
| Retained Earnings | $272M |
| Treasury Stock | -$33M |
| Accum. Other Comp. Income | -$4M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $704M |
| Minority Interest | $0 |
| TOTAL EQUITY | $704M |
| TOTAL LIABILITIES & EQUITY | $1.7B |
| Total Debt | $18M |
| Net Debt | -$58M |
