| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $101M | -$204M | $63M | 149.5% | 59.6% |
| Op. Income | $34M | -$286M | -$22M | 112.0% | 256.5% |
| Gross Margin | 74.4% | 115.2% | 34.4% | -40.8pp | 40.0pp |
| Net Margin | 26.7% | 109.0% | -17.2% | -82.2pp | 44.0pp |
| EPS (Diluted) | $0.53 | $-4.69 | $-0.25 | 111.3% | 312.0% |
| Item | Amount |
|---|---|
| REVENUE | $101M |
| Cost of Revenue | $26M |
| GROSS PROFIT | $75M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $37M |
| SG&A Expenses | $37M |
| Other Expenses | $4M |
| Operating Expenses | $41M |
| Cost & Expenses | $66M |
| OPERATING INCOME | $34M |
| Interest Income | $89M |
| Interest Expense | $26M |
| Other Income/Expenses | -$2M |
| INCOME BEFORE TAX | $33M |
| Income Tax Expense | $6M |
| Net Income from Continuing Ops | $27M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $27M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $27M |
| D&A | $706.0K |
| EBIT | $34M |
| EBITDA | $35M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $101M |
| Cost of Revenue | $26M |
| GROSS PROFIT | $75M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $37M |
| SG&A Expenses | $37M |
| Other Expenses | $4M |
| Operating Expenses | $41M |
| Cost & Expenses | $66M |
| OPERATING INCOME | $34M |
| Interest Income | $89M |
| Interest Expense | $26M |
| Other Income/Expenses | -$2M |
| INCOME BEFORE TAX | $33M |
| Income Tax Expense | $6M |
| Net Income from Continuing Ops | $27M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $27M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $27M |
| D&A | $706.0K |
| EBIT | $34M |
| EBITDA | $35M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Cash & Equivalents | $67M |
| Short-Term Investments | $4M |
| Net Receivables | $30M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $100M |
| PP&E (Net) | $93M |
| Goodwill | $155M |
| Intangible Assets | $7M |
| Long-Term Investments | $5.8B |
| Tax Assets | $0 |
| Other Non-Current Assets | -$5.8B |
| TOTAL NON-CURRENT ASSETS | $255M |
| TOTAL ASSETS | $6.4B |
| Account Payables | $0 |
| Short-Term Debt | $88M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $88M |
| Long-Term Debt | $316M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $5.3B |
| TOTAL NON-CURRENT LIABILITIES | $5.7B |
| TOTAL LIABILITIES | $5.7B |
| Common Stock | $0 |
| Additional Paid-In Capital | $459M |
| Retained Earnings | $255M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$26M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $688M |
| Minority Interest | $0 |
| TOTAL EQUITY | $688M |
| TOTAL LIABILITIES & EQUITY | $6.4B |
| Total Debt | $404M |
| Net Debt | $338M |
