| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $73M | $74M | $69M | -0.8% | 6.1% |
| Op. Income | $15M | $16M | $12M | -4.5% | 30.2% |
| Gross Margin | 98.3% | 100.0% | 100.0% | -1.7pp | -1.7pp |
| Net Margin | 16.7% | 16.7% | 13.5% | 0.1pp | 3.2pp |
| EPS (Diluted) | $6.43 | $6.49 | $4.92 | -0.9% | 30.7% |
| Free Cash Flow | $16M | $7M | $6M | 116.5% | 159.7% |
| Item | Amount |
|---|---|
| REVENUE | $73M |
| Cost of Revenue | $1M |
| GROSS PROFIT | $72M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $17M |
| SG&A Expenses | $17M |
| Other Expenses | $39M |
| Operating Expenses | $57M |
| Cost & Expenses | $58M |
| OPERATING INCOME | $15M |
| Interest Income | $2M |
| Interest Expense | $0 |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $15M |
| Income Tax Expense | $3M |
| Net Income from Continuing Ops | $12M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $12M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $12M |
| D&A | $1M |
| EBIT | $15M |
| EBITDA | $16M |
| EPS | $6 |
| EPS Diluted | $6 |
| Item | Amount |
|---|---|
| REVENUE | $73M |
| Cost of Revenue | $1M |
| GROSS PROFIT | $72M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $17M |
| SG&A Expenses | $17M |
| Other Expenses | $39M |
| Operating Expenses | $57M |
| Cost & Expenses | $58M |
| OPERATING INCOME | $15M |
| Interest Income | $2M |
| Interest Expense | $0 |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $15M |
| Income Tax Expense | $3M |
| Net Income from Continuing Ops | $12M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $12M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $12M |
| D&A | $1M |
| EBIT | $15M |
| EBITDA | $16M |
| EPS | $6 |
| EPS Diluted | $6 |
| Item | Amount |
|---|---|
| Net Income | $12M |
| Depreciation & Amortization | $1M |
| Stock-Based Compensation | $175.0K |
| Deferred Income Tax | $3M |
| Other Non-Cash Items | -$3M |
| Change in Working Capital | $4M |
| OPERATING CASH FLOW | $17M |
| Capital Expenditure | -$1M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$68M |
| Sales/Maturities of Investments | $46M |
| Other Investing Activities | $7.0K |
| NET CASH FROM INVESTING | -$23M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$868.0K |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$868.0K |
| FREE CASH FLOW | $16M |
| Net Change in Cash | -$7M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $23M |
| Short-Term Investments | $119M |
| Net Receivables | $19M |
| Inventory | $0 |
| Other Current Assets | -$37M |
| TOTAL CURRENT ASSETS | $134M |
| PP&E (Net) | $36M |
| Goodwill | $0 |
| Intangible Assets | $10M |
| Long-Term Investments | $143M |
| Tax Assets | $0 |
| Other Non-Current Assets | -$172M |
| TOTAL NON-CURRENT ASSETS | $18M |
| TOTAL ASSETS | $363M |
| Account Payables | $33M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | -$33M |
| TOTAL CURRENT LIABILITIES | $0 |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $7M |
| Other Non-Current Liabilities | $32M |
| TOTAL NON-CURRENT LIABILITIES | $46M |
| TOTAL LIABILITIES | $85M |
| Common Stock | $0 |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $277M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $1M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $278M |
| Minority Interest | $0 |
| TOTAL EQUITY | $278M |
| TOTAL LIABILITIES & EQUITY | $363M |
| Total Debt | $8M |
| Net Debt | -$15M |
