| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $88M | $80M | $82M | 9.8% | 7.6% |
| Op. Income | $22M | $14M | $13M | 54.3% | 70.7% |
| Gross Margin | 72.8% | 69.4% | 64.1% | 3.4pp | 8.7pp |
| Net Margin | 21.8% | 15.3% | 14.0% | 6.6pp | 7.8pp |
| EPS (Diluted) | $0.56 | $0.35 | $0.33 | 60.0% | 69.7% |
| Free Cash Flow | $24M | $21M | $23M | 16.6% | 5.0% |
| Item | Amount |
|---|---|
| REVENUE | $88M |
| Cost of Revenue | $24M |
| GROSS PROFIT | $64M |
| R&D Expenses | $0 |
| Selling & Marketing | $284.0K |
| General & Administrative | $27M |
| SG&A Expenses | $27M |
| Other Expenses | $14M |
| Operating Expenses | $42M |
| Cost & Expenses | $66M |
| OPERATING INCOME | $22M |
| Interest Income | $80M |
| Interest Expense | $22M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $22M |
| Income Tax Expense | $3M |
| Net Income from Continuing Ops | $19M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $19M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $19M |
| D&A | $325.0K |
| EBIT | $22M |
| EBITDA | $23M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $88M |
| Cost of Revenue | $24M |
| GROSS PROFIT | $64M |
| R&D Expenses | $0 |
| Selling & Marketing | $284.0K |
| General & Administrative | $27M |
| SG&A Expenses | $27M |
| Other Expenses | $14M |
| Operating Expenses | $42M |
| Cost & Expenses | $66M |
| OPERATING INCOME | $22M |
| Interest Income | $80M |
| Interest Expense | $22M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $22M |
| Income Tax Expense | $3M |
| Net Income from Continuing Ops | $19M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $19M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $19M |
| D&A | $325.0K |
| EBIT | $22M |
| EBITDA | $23M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $19M |
| Depreciation & Amortization | $325.0K |
| Stock-Based Compensation | $1M |
| Deferred Income Tax | $18.0K |
| Other Non-Cash Items | $767.0K |
| Change in Working Capital | $4M |
| OPERATING CASH FLOW | $25M |
| Capital Expenditure | -$678.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $38M |
| Other Investing Activities | -$11M |
| NET CASH FROM INVESTING | $27M |
| Net Debt Issuance | -$125M |
| Common Stock Repurchased | -$24.0K |
| Common Dividends Paid | -$8M |
| Other Financing Activities | $73M |
| NET CASH FROM FINANCING | -$60M |
| FREE CASH FLOW | $24M |
| Net Change in Cash | -$9M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $245M |
| Short-Term Investments | $562M |
| Net Receivables | $19M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $827M |
| PP&E (Net) | $70M |
| Goodwill | $241M |
| Intangible Assets | $2M |
| Long-Term Investments | $5.5B |
| Tax Assets | $0 |
| Other Non-Current Assets | $406M |
| TOTAL NON-CURRENT ASSETS | $6.2B |
| TOTAL ASSETS | $7.0B |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $5.9B |
| TOTAL CURRENT LIABILITIES | $5.9B |
| Long-Term Debt | $160M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $90M |
| TOTAL NON-CURRENT LIABILITIES | $250M |
| TOTAL LIABILITIES | $6.1B |
| Common Stock | $530M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $408M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$33M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $904M |
| Minority Interest | $0 |
| TOTAL EQUITY | $904M |
| TOTAL LIABILITIES & EQUITY | $7.0B |
| Total Debt | $160M |
| Net Debt | -$85M |
