| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $53M | $53M | $51M | -0.4% | 2.6% |
| Op. Income | $15M | $16M | $12M | -6.6% | 21.1% |
| Gross Margin | 71.3% | 71.9% | 66.3% | -0.6pp | 5.0pp |
| Net Margin | 21.6% | 23.3% | 18.8% | -1.7pp | 2.8pp |
| EPS (Diluted) | $1.46 | $1.59 | $1.21 | -8.2% | 20.7% |
| Free Cash Flow | $7M | $21M | $5M | -65.7% | 33.9% |
| Item | Amount |
|---|---|
| REVENUE | $53M |
| Cost of Revenue | $15M |
| GROSS PROFIT | $38M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $16M |
| SG&A Expenses | $16M |
| Other Expenses | $7M |
| Operating Expenses | $23M |
| Cost & Expenses | $38M |
| OPERATING INCOME | $15M |
| Interest Income | $49M |
| Interest Expense | $15M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $15M |
| Income Tax Expense | $3M |
| Net Income from Continuing Ops | $11M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $11M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $11M |
| D&A | $0 |
| EBIT | $15M |
| EBITDA | $15M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $53M |
| Cost of Revenue | $15M |
| GROSS PROFIT | $38M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $16M |
| SG&A Expenses | $16M |
| Other Expenses | $7M |
| Operating Expenses | $23M |
| Cost & Expenses | $38M |
| OPERATING INCOME | $15M |
| Interest Income | $49M |
| Interest Expense | $15M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $15M |
| Income Tax Expense | $3M |
| Net Income from Continuing Ops | $11M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $11M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $11M |
| D&A | $0 |
| EBIT | $15M |
| EBITDA | $15M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $11M |
| Depreciation & Amortization | -$591.0K |
| Stock-Based Compensation | $934.0K |
| Deferred Income Tax | -$321.0K |
| Other Non-Cash Items | $5M |
| Change in Working Capital | -$5M |
| OPERATING CASH FLOW | $12M |
| Capital Expenditure | -$5M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$14M |
| Sales/Maturities of Investments | $9M |
| Other Investing Activities | -$39M |
| NET CASH FROM INVESTING | -$49M |
| Net Debt Issuance | -$6M |
| Common Stock Repurchased | -$42.0K |
| Common Dividends Paid | -$2M |
| Other Financing Activities | -$3M |
| NET CASH FROM FINANCING | -$11M |
| FREE CASH FLOW | $7M |
| Net Change in Cash | -$48M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $142M |
| Short-Term Investments | $39M |
| Net Receivables | $0 |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $181M |
| PP&E (Net) | $49M |
| Goodwill | $82M |
| Intangible Assets | $2M |
| Long-Term Investments | $3.1B |
| Tax Assets | $0 |
| Other Non-Current Assets | $113M |
| TOTAL NON-CURRENT ASSETS | $3.3B |
| TOTAL ASSETS | $3.5B |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $2.0B |
| TOTAL CURRENT LIABILITIES | $2.0B |
| Long-Term Debt | $58M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $1.0B |
| TOTAL NON-CURRENT LIABILITIES | $1.1B |
| TOTAL LIABILITIES | $3.1B |
| Common Stock | -$904.0K |
| Additional Paid-In Capital | $169M |
| Retained Earnings | $285M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$18M |
| Other Equity | -$982.0K |
| TOTAL STOCKHOLDERS' EQUITY | $435M |
| Minority Interest | $0 |
| TOTAL EQUITY | $435M |
| TOTAL LIABILITIES & EQUITY | $3.5B |
| Total Debt | $58M |
| Net Debt | -$84M |
