| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $115M | $109M | $108M | 5.2% | 6.6% |
| Op. Income | $31M | $21M | $21M | 48.2% | 48.9% |
| Gross Margin | 59.8% | 52.6% | 51.2% | 7.2pp | 8.5pp |
| Net Margin | 19.2% | 13.8% | 13.8% | 5.3pp | 5.4pp |
| EPS (Diluted) | $0.73 | $0.50 | $0.49 | 46.0% | 49.0% |
| Free Cash Flow | $146M | -$20M | $5M | 848.2% | 2632.0% |
| Item | Amount |
|---|---|
| REVENUE | $115M |
| Cost of Revenue | $46M |
| GROSS PROFIT | $69M |
| R&D Expenses | $0 |
| Selling & Marketing | $712.0K |
| General & Administrative | $22M |
| SG&A Expenses | $23M |
| Other Expenses | $14M |
| Operating Expenses | $37M |
| Cost & Expenses | $84M |
| OPERATING INCOME | $31M |
| Interest Income | $105M |
| Interest Expense | $44M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $31M |
| Income Tax Expense | $9M |
| Net Income from Continuing Ops | $22M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $22M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $22M |
| D&A | -$786.0K |
| EBIT | $31M |
| EBITDA | $31M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $115M |
| Cost of Revenue | $46M |
| GROSS PROFIT | $69M |
| R&D Expenses | $0 |
| Selling & Marketing | $712.0K |
| General & Administrative | $22M |
| SG&A Expenses | $23M |
| Other Expenses | $14M |
| Operating Expenses | $37M |
| Cost & Expenses | $84M |
| OPERATING INCOME | $31M |
| Interest Income | $105M |
| Interest Expense | $44M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $31M |
| Income Tax Expense | $9M |
| Net Income from Continuing Ops | $22M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $22M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $22M |
| D&A | -$786.0K |
| EBIT | $31M |
| EBITDA | $31M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $22M |
| Depreciation & Amortization | -$786.0K |
| Stock-Based Compensation | $943.0K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $117M |
| Change in Working Capital | $8M |
| OPERATING CASH FLOW | $147M |
| Capital Expenditure | -$560.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$38M |
| Sales/Maturities of Investments | $60M |
| Other Investing Activities | -$292M |
| NET CASH FROM INVESTING | -$271M |
| Net Debt Issuance | -$65M |
| Common Stock Repurchased | -$4M |
| Common Dividends Paid | -$8M |
| Other Financing Activities | $37M |
| NET CASH FROM FINANCING | -$40M |
| FREE CASH FLOW | $146M |
| Net Change in Cash | -$164M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $216M |
| Short-Term Investments | $877M |
| Net Receivables | $61M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $1.2B |
| PP&E (Net) | $20M |
| Goodwill | $11M |
| Intangible Assets | $0 |
| Long-Term Investments | $6.5B |
| Tax Assets | $0 |
| Other Non-Current Assets | $207M |
| TOTAL NON-CURRENT ASSETS | $6.7B |
| TOTAL ASSETS | $7.9B |
| Account Payables | $34M |
| Short-Term Debt | $63M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $6.8B |
| TOTAL CURRENT LIABILITIES | $6.9B |
| Long-Term Debt | $130M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $84M |
| TOTAL NON-CURRENT LIABILITIES | $214M |
| TOTAL LIABILITIES | $7.1B |
| Common Stock | $34.0K |
| Additional Paid-In Capital | $594M |
| Retained Earnings | $381M |
| Treasury Stock | -$147M |
| Accum. Other Comp. Income | -$48M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $780M |
| Minority Interest | $0 |
| TOTAL EQUITY | $780M |
| TOTAL LIABILITIES & EQUITY | $7.9B |
| Total Debt | $193M |
| Net Debt | -$23M |
