FY 2025 Earnings

Reported September 30, 2025

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Metric	FY 2025	Prior Q	FY 2024	QoQ Change	YoY Change
Revenue	$100M	—	$11M	—	826.8%
Op. Income	$99M	—	-$220.3K	—	44869.1%
Gross Margin	100.0%	—	100.0%	—	0.0pp
Net Margin	98.8%	—	1717.4%	—	-1618.6pp
EPS (Diluted)	$1.84	—	$3.55	—	-48.2%

Revenue Flow

Item	Amount
REVENUE	$100M
Cost of Revenue	$0
GROSS PROFIT	$100M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$1M
SG&A Expenses	$1M
Other Expenses	$55.7K
Operating Expenses	$1M
Cost & Expenses	$1M
OPERATING INCOME	$99M
Interest Income	$1M
Interest Expense	$0
Other Income/Expenses	$0
INCOME BEFORE TAX	$99M
Income Tax Expense	$0
Net Income from Continuing Ops	$99M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$99M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$99M
D&A	$0
EBIT	$99M
EBITDA	$99M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$100M
Cost of Revenue	$0
GROSS PROFIT	$100M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$1M
SG&A Expenses	$1M
Other Expenses	$55.7K
Operating Expenses	$1M
Cost & Expenses	$1M
OPERATING INCOME	$99M
Interest Income	$1M
Interest Expense	$0
Other Income/Expenses	$0
INCOME BEFORE TAX	$99M
Income Tax Expense	$0
Net Income from Continuing Ops	$99M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$99M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$99M
D&A	$0
EBIT	$99M
EBITDA	$99M
EPS	$2
EPS Diluted	$2

Balance Sheet

Item	Amount
Cash & Equivalents	$59
Short-Term Investments	$0
Net Receivables	$3M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$3M
PP&E (Net)	$0
Goodwill	$0
Intangible Assets	$0
Long-Term Investments	$1.1B
Tax Assets	$0
Other Non-Current Assets	$16M
TOTAL NON-CURRENT ASSETS	$1.1B
TOTAL ASSETS	$1.1B
Account Payables	$1M
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$1M
Long-Term Debt	$0
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$2M
TOTAL NON-CURRENT LIABILITIES	$2M
TOTAL LIABILITIES	$3M
Common Stock	$555.1K
Additional Paid-In Capital	$992M
Retained Earnings	$102M
Treasury Stock	$0
Accum. Other Comp. Income	$0
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.1B
Minority Interest	$0
TOTAL EQUITY	$1.1B
TOTAL LIABILITIES & EQUITY	$1.1B
Total Debt	$0
Net Debt	-$59