| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $74M | $73M | $72M | 1.2% | 2.2% |
| Op. Income | $27M | $26M | $25M | 1.4% | 9.0% |
| Gross Margin | 79.8% | 79.8% | 76.5% | 0.0pp | 3.3pp |
| Net Margin | 26.7% | 26.3% | 25.1% | 0.4pp | 1.6pp |
| EPS (Diluted) | $0.63 | $0.61 | $0.57 | 3.3% | 10.5% |
| Free Cash Flow | $15M | $11M | $25M | 30.2% | -39.3% |
| Item | Amount |
|---|---|
| REVENUE | $74M |
| Cost of Revenue | $15M |
| GROSS PROFIT | $59M |
| R&D Expenses | $0 |
| Selling & Marketing | $1M |
| General & Administrative | $20M |
| SG&A Expenses | $21M |
| Other Expenses | $11M |
| Operating Expenses | $32M |
| Cost & Expenses | $47M |
| OPERATING INCOME | $27M |
| Interest Income | $64M |
| Interest Expense | $14M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $27M |
| Income Tax Expense | $7M |
| Net Income from Continuing Ops | $20M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $20M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $20M |
| D&A | $2M |
| EBIT | $27M |
| EBITDA | $28M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $74M |
| Cost of Revenue | $15M |
| GROSS PROFIT | $59M |
| R&D Expenses | $0 |
| Selling & Marketing | $1M |
| General & Administrative | $20M |
| SG&A Expenses | $21M |
| Other Expenses | $11M |
| Operating Expenses | $32M |
| Cost & Expenses | $47M |
| OPERATING INCOME | $27M |
| Interest Income | $64M |
| Interest Expense | $14M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $27M |
| Income Tax Expense | $7M |
| Net Income from Continuing Ops | $20M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $20M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $20M |
| D&A | $2M |
| EBIT | $27M |
| EBITDA | $28M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $20M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $513.0K |
| Deferred Income Tax | -$366.0K |
| Other Non-Cash Items | $693.0K |
| Change in Working Capital | -$5M |
| OPERATING CASH FLOW | $17M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$41M |
| Sales/Maturities of Investments | $43M |
| Other Investing Activities | -$50M |
| NET CASH FROM INVESTING | -$50M |
| Net Debt Issuance | -$40M |
| Common Stock Repurchased | -$1M |
| Common Dividends Paid | -$7M |
| Other Financing Activities | $40M |
| NET CASH FROM FINANCING | -$8M |
| FREE CASH FLOW | $15M |
| Net Change in Cash | -$41M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $155M |
| Short-Term Investments | $489M |
| Net Receivables | $24M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $668M |
| PP&E (Net) | $70M |
| Goodwill | $60M |
| Intangible Assets | $33M |
| Long-Term Investments | $4.1B |
| Tax Assets | $0 |
| Other Non-Current Assets | $66M |
| TOTAL NON-CURRENT ASSETS | $4.4B |
| TOTAL ASSETS | $5.0B |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $4.3B |
| TOTAL CURRENT LIABILITIES | $4.3B |
| Long-Term Debt | $60M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $29M |
| TOTAL NON-CURRENT LIABILITIES | $89M |
| TOTAL LIABILITIES | $4.4B |
| Common Stock | $329.0K |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $355M |
| Treasury Stock | -$27M |
| Accum. Other Comp. Income | $271M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $599M |
| Minority Interest | $0 |
| TOTAL EQUITY | $599M |
| TOTAL LIABILITIES & EQUITY | $5.0B |
| Total Debt | $60M |
| Net Debt | -$95M |
