| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $212M | $208M | $212M | 2.1% | 0.3% |
| Op. Income | $68M | $63M | $9M | 8.5% | 659.6% |
| Gross Margin | 43.5% | 42.9% | 15.7% | 0.6pp | 27.8pp |
| Net Margin | 23.7% | 23.1% | 3.8% | 0.6pp | 19.9pp |
| EPS (Diluted) | $1.63 | $1.55 | $0.27 | 5.2% | 503.7% |
| Free Cash Flow | $128M | $42M | -$16M | 206.4% | 882.9% |
| Item | Amount |
|---|---|
| REVENUE | $212M |
| Cost of Revenue | $120M |
| GROSS PROFIT | $93M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $22M |
| SG&A Expenses | $22M |
| Other Expenses | $2M |
| Operating Expenses | $24M |
| Cost & Expenses | $144M |
| OPERATING INCOME | $68M |
| Interest Income | $0 |
| Interest Expense | $2M |
| Other Income/Expenses | -$1.0K |
| INCOME BEFORE TAX | $68M |
| Income Tax Expense | $18M |
| Net Income from Continuing Ops | $50M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $50M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $50M |
| D&A | $3M |
| EBIT | $70M |
| EBITDA | $73M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $212M |
| Cost of Revenue | $120M |
| GROSS PROFIT | $93M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $22M |
| SG&A Expenses | $22M |
| Other Expenses | $2M |
| Operating Expenses | $24M |
| Cost & Expenses | $144M |
| OPERATING INCOME | $68M |
| Interest Income | $0 |
| Interest Expense | $2M |
| Other Income/Expenses | -$1.0K |
| INCOME BEFORE TAX | $68M |
| Income Tax Expense | $18M |
| Net Income from Continuing Ops | $50M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $50M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $50M |
| D&A | $3M |
| EBIT | $70M |
| EBITDA | $73M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $50M |
| Depreciation & Amortization | -$6M |
| Stock-Based Compensation | $1M |
| Deferred Income Tax | $2M |
| Other Non-Cash Items | $34M |
| Change in Working Capital | $42M |
| OPERATING CASH FLOW | $124M |
| Capital Expenditure | $4M |
| Acquisitions (Net) | -$16.0K |
| Purchases of Investments | -$127M |
| Sales/Maturities of Investments | -$93M |
| Other Investing Activities | $192M |
| NET CASH FROM INVESTING | -$24M |
| Net Debt Issuance | -$11M |
| Common Stock Repurchased | -$2M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$13M |
| FREE CASH FLOW | $128M |
| Net Change in Cash | $87M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $560M |
| Short-Term Investments | $106M |
| Net Receivables | $473M |
| Inventory | $0 |
| Other Current Assets | -$918M |
| TOTAL CURRENT ASSETS | $648M |
| PP&E (Net) | $46M |
| Goodwill | $0 |
| Intangible Assets | $32M |
| Long-Term Investments | $597M |
| Tax Assets | $0 |
| Other Non-Current Assets | -$590M |
| TOTAL NON-CURRENT ASSETS | $85M |
| TOTAL ASSETS | $2.4B |
| Account Payables | $395M |
| Short-Term Debt | $75M |
| Deferred Revenue | $0 |
| Other Current Liabilities | -$486M |
| TOTAL CURRENT LIABILITIES | $0 |
| Long-Term Debt | $4M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $36.0K |
| TOTAL NON-CURRENT LIABILITIES | $27M |
| TOTAL LIABILITIES | $1.9B |
| Common Stock | $3.0K |
| Additional Paid-In Capital | $367M |
| Retained Earnings | $217M |
| Treasury Stock | -$133M |
| Accum. Other Comp. Income | -$13M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $437M |
| Minority Interest | $0 |
| TOTAL EQUITY | $437M |
| TOTAL LIABILITIES & EQUITY | $2.4B |
| Total Debt | $102M |
| Net Debt | -$459M |
