| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $81M | $87M | $90M | -6.7% | -9.8% |
| Op. Income | $19M | $22M | $18M | -11.9% | 8.4% |
| Gross Margin | 68.9% | 67.7% | 61.3% | 1.1pp | 7.5pp |
| Net Margin | 20.2% | 20.5% | 16.7% | -0.4pp | 3.5pp |
| EPS (Diluted) | $1.43 | $1.56 | $1.27 | -8.3% | 12.6% |
| Free Cash Flow | $14M | $4M | $8M | 274.2% | 72.5% |
| Item | Amount |
|---|---|
| REVENUE | $81M |
| Cost of Revenue | $25M |
| GROSS PROFIT | $56M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $29M |
| SG&A Expenses | $29M |
| Other Expenses | $7M |
| Operating Expenses | $36M |
| Cost & Expenses | $61M |
| OPERATING INCOME | $19M |
| Interest Income | $73M |
| Interest Expense | $24M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $19M |
| Income Tax Expense | $3M |
| 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 | $0 |
| EBIT | $19M |
| EBITDA | $19M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $81M |
| Cost of Revenue | $25M |
| GROSS PROFIT | $56M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $29M |
| SG&A Expenses | $29M |
| Other Expenses | $7M |
| Operating Expenses | $36M |
| Cost & Expenses | $61M |
| OPERATING INCOME | $19M |
| Interest Income | $73M |
| Interest Expense | $24M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $19M |
| Income Tax Expense | $3M |
| 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 | $0 |
| EBIT | $19M |
| EBITDA | $19M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $16M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$15M |
| Change in Working Capital | $17M |
| OPERATING CASH FLOW | $18M |
| Capital Expenditure | -$3M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $131M |
| NET CASH FROM INVESTING | $131M |
| Net Debt Issuance | -$89M |
| Common Stock Repurchased | -$14M |
| Common Dividends Paid | -$5M |
| Other Financing Activities | -$49M |
| NET CASH FROM FINANCING | -$156M |
| FREE CASH FLOW | $14M |
| Net Change in Cash | -$7M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $98M |
| Short-Term Investments | $728M |
| Net Receivables | $18M |
| Inventory | $0 |
| Other Current Assets | -$18M |
| TOTAL CURRENT ASSETS | $826M |
| PP&E (Net) | $0 |
| Goodwill | $5M |
| Intangible Assets | $4M |
| Long-Term Investments | $5.2B |
| Tax Assets | $0 |
| Other Non-Current Assets | -$409M |
| TOTAL NON-CURRENT ASSETS | $4.8B |
| TOTAL ASSETS | $5.6B |
| Account Payables | $4M |
| Short-Term Debt | $379M |
| Deferred Revenue | $0 |
| Other Current Liabilities | -$58M |
| TOTAL CURRENT LIABILITIES | $325M |
| Long-Term Debt | $26M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $4.6B |
| TOTAL NON-CURRENT LIABILITIES | $4.6B |
| TOTAL LIABILITIES | $5.0B |
| Common Stock | $111.0K |
| Additional Paid-In Capital | $54M |
| Retained Earnings | $614M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$32M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $636M |
| Minority Interest | $0 |
| TOTAL EQUITY | $636M |
| TOTAL LIABILITIES & EQUITY | $5.6B |
| Total Debt | $405M |
| Net Debt | $307M |
