| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $87M | $88M | $82M | -1.1% | 5.6% |
| Op. Income | $25M | $22M | $16M | 11.5% | 52.3% |
| Gross Margin | 76.4% | 72.8% | 67.9% | 3.6pp | 8.5pp |
| Net Margin | 25.6% | 21.8% | 14.5% | 3.8pp | 11.1pp |
| EPS (Diluted) | $0.65 | $0.56 | $0.35 | 16.1% | 85.7% |
| Free Cash Flow | $22M | $24M | $20M | -8.7% | 12.4% |
| Item | Amount |
|---|---|
| REVENUE | $87M |
| Cost of Revenue | $21M |
| GROSS PROFIT | $66M |
| R&D Expenses | $0 |
| Selling & Marketing | $296.0K |
| General & Administrative | $40M |
| SG&A Expenses | $40M |
| Other Expenses | $1M |
| Operating Expenses | $41M |
| Cost & Expenses | $62M |
| OPERATING INCOME | $25M |
| Interest Income | $79M |
| Interest Expense | $21M |
| Other Income/Expenses | $814.0K |
| INCOME BEFORE TAX | $26M |
| Income Tax Expense | $3M |
| 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 | $285.0K |
| EBIT | $25M |
| EBITDA | $25M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $87M |
| Cost of Revenue | $21M |
| GROSS PROFIT | $66M |
| R&D Expenses | $0 |
| Selling & Marketing | $296.0K |
| General & Administrative | $40M |
| SG&A Expenses | $40M |
| Other Expenses | $1M |
| Operating Expenses | $41M |
| Cost & Expenses | $62M |
| OPERATING INCOME | $25M |
| Interest Income | $79M |
| Interest Expense | $21M |
| Other Income/Expenses | $814.0K |
| INCOME BEFORE TAX | $26M |
| Income Tax Expense | $3M |
| 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 | $285.0K |
| EBIT | $25M |
| EBITDA | $25M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $22M |
| Depreciation & Amortization | -$2M |
| Stock-Based Compensation | $1M |
| Deferred Income Tax | -$913.0K |
| Other Non-Cash Items | $8M |
| Change in Working Capital | -$483.0K |
| OPERATING CASH FLOW | $28M |
| Capital Expenditure | -$6M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $85M |
| Sales/Maturities of Investments | -$243M |
| Other Investing Activities | $186M |
| NET CASH FROM INVESTING | $23M |
| Net Debt Issuance | -$118M |
| Common Stock Repurchased | -$44.0K |
| Common Dividends Paid | -$8M |
| Other Financing Activities | $63M |
| NET CASH FROM FINANCING | -$63M |
| FREE CASH FLOW | $22M |
| Net Change in Cash | -$238M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $53M |
| Short-Term Investments | $608M |
| Net Receivables | $4.7B |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $5.4B |
| PP&E (Net) | $75M |
| Goodwill | $241M |
| Intangible Assets | $2M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $0 |
| TOTAL NON-CURRENT ASSETS | $318M |
| TOTAL ASSETS | $7.0B |
| Account Payables | $0 |
| Short-Term Debt | $20M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $4.6B |
| TOTAL CURRENT LIABILITIES | $4.6B |
| Long-Term Debt | $22M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $1.4B |
| TOTAL NON-CURRENT LIABILITIES | $1.5B |
| TOTAL LIABILITIES | $6.0B |
| Common Stock | $531M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $422M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$31M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $922M |
| Minority Interest | $0 |
| TOTAL EQUITY | $922M |
| TOTAL LIABILITIES & EQUITY | $7.0B |
| Total Debt | $42M |
| Net Debt | -$10M |
