| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $126M | $123M | $122M | 3.2% | 3.3% |
| Op. Income | $31M | $33M | $26M | -7.3% | 19.5% |
| Gross Margin | 62.9% | 48.3% | 41.3% | 14.6pp | 21.6pp |
| Net Margin | 25.6% | 27.3% | 24.6% | -1.8pp | 1.0pp |
| EPS (Diluted) | $0.76 | $0.75 | $0.65 | 1.3% | 16.9% |
| Item | Amount |
|---|---|
| REVENUE | $126M |
| Cost of Revenue | $47M |
| GROSS PROFIT | $80M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $49M |
| Operating Expenses | $49M |
| Cost & Expenses | $96M |
| OPERATING INCOME | $31M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $31M |
| Income Tax Expense | -$2M |
| Net Income from Continuing Ops | $32M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $32M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $32M |
| D&A | $0 |
| EBIT | $31M |
| EBITDA | $31M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $126M |
| Cost of Revenue | $47M |
| GROSS PROFIT | $80M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $49M |
| Operating Expenses | $49M |
| Cost & Expenses | $96M |
| OPERATING INCOME | $31M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $31M |
| Income Tax Expense | -$2M |
| Net Income from Continuing Ops | $32M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $32M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $32M |
| D&A | $0 |
| EBIT | $31M |
| EBITDA | $31M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Cash & Equivalents | $186M |
| Short-Term Investments | $0 |
| Net Receivables | $274M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $461M |
| PP&E (Net) | $0 |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $1.1B |
| Tax Assets | $5M |
| Other Non-Current Assets | $153M |
| TOTAL NON-CURRENT ASSETS | $1.3B |
| TOTAL ASSETS | $1.8B |
| Account Payables | $0 |
| Short-Term Debt | $1M |
| Deferred Revenue | $356M |
| Other Current Liabilities | -$357M |
| TOTAL CURRENT LIABILITIES | $0 |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $1.0B |
| TOTAL NON-CURRENT LIABILITIES | $1.0B |
| TOTAL LIABILITIES | $1.0B |
| Common Stock | $400.0K |
| Additional Paid-In Capital | $87M |
| Retained Earnings | $613M |
| Treasury Stock | -$35.0K |
| Accum. Other Comp. Income | $10M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $710M |
| Minority Interest | $0 |
| TOTAL EQUITY | $710M |
| TOTAL LIABILITIES & EQUITY | $1.8B |
| Total Debt | $2M |
| Net Debt | -$185M |
