| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $271M | $273M | $263M | -0.7% | 3.0% |
| Op. Income | $137M | $136M | $134M | 0.2% | 2.3% |
| Gross Margin | 78.6% | 79.3% | 78.7% | -0.7pp | -0.1pp |
| Net Margin | 39.5% | 39.8% | 43.8% | -0.3pp | -4.3pp |
| EPS (Diluted) | $1.71 | $1.74 | $1.85 | -1.7% | -7.6% |
| Free Cash Flow | $156M | $112M | $117M | 39.2% | 34.0% |
| Item | Amount |
|---|---|
| REVENUE | $271M |
| Cost of Revenue | $58M |
| GROSS PROFIT | $213M |
| R&D Expenses | $0 |
| Selling & Marketing | $134.0K |
| General & Administrative | $47M |
| SG&A Expenses | $47M |
| Other Expenses | $29M |
| Operating Expenses | $76M |
| Cost & Expenses | $134M |
| OPERATING INCOME | $137M |
| Interest Income | $224M |
| Interest Expense | $52M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $137M |
| Income Tax Expense | $30M |
| Net Income from Continuing Ops | $107M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $107M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $107M |
| D&A | $7M |
| EBIT | $137M |
| EBITDA | $143M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $271M |
| Cost of Revenue | $58M |
| GROSS PROFIT | $213M |
| R&D Expenses | $0 |
| Selling & Marketing | $134.0K |
| General & Administrative | $47M |
| SG&A Expenses | $47M |
| Other Expenses | $29M |
| Operating Expenses | $76M |
| Cost & Expenses | $134M |
| OPERATING INCOME | $137M |
| Interest Income | $224M |
| Interest Expense | $52M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $137M |
| Income Tax Expense | $30M |
| Net Income from Continuing Ops | $107M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $107M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $107M |
| D&A | $7M |
| EBIT | $137M |
| EBITDA | $143M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $107M |
| Depreciation & Amortization | $7M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $32M |
| Change in Working Capital | $15M |
| OPERATING CASH FLOW | $160M |
| Capital Expenditure | -$4M |
| Acquisitions (Net) | $2.0K |
| Purchases of Investments | -$366M |
| Sales/Maturities of Investments | $317M |
| Other Investing Activities | -$61M |
| NET CASH FROM INVESTING | -$115M |
| Net Debt Issuance | -$52.0K |
| Common Stock Repurchased | -$62.0K |
| Common Dividends Paid | -$1.0K |
| Other Financing Activities | -$98M |
| NET CASH FROM FINANCING | -$98M |
| FREE CASH FLOW | $156M |
| Net Change in Cash | -$53M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $536M |
| Short-Term Investments | $0 |
| Net Receivables | $72M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $609M |
| PP&E (Net) | $423M |
| Goodwill | $283M |
| Intangible Assets | $0 |
| Long-Term Investments | $14.7B |
| Tax Assets | $114M |
| Other Non-Current Assets | $506M |
| TOTAL NON-CURRENT ASSETS | $16.1B |
| TOTAL ASSETS | $16.7B |
| Account Payables | $0 |
| Short-Term Debt | $586M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $586M |
| Long-Term Debt | $119M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $103M |
| Other Non-Current Liabilities | $12.6B |
| TOTAL NON-CURRENT LIABILITIES | $12.8B |
| TOTAL LIABILITIES | $13.4B |
| Common Stock | $97M |
| Additional Paid-In Capital | $161M |
| Retained Earnings | $3.7B |
| Treasury Stock | -$441M |
| Accum. Other Comp. Income | -$246M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.3B |
| Minority Interest | $0 |
| TOTAL EQUITY | $3.3B |
| TOTAL LIABILITIES & EQUITY | $16.7B |
| Total Debt | $705M |
| Net Debt | $168M |
