| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $157M | $215M | $205M | -26.9% | -23.4% |
| Op. Income | $14M | $67M | $57M | -79.6% | -76.2% |
| Gross Margin | 69.9% | 80.5% | 75.8% | -10.6pp | -5.9pp |
| Net Margin | 9.2% | 25.6% | 19.6% | -16.4pp | -10.4pp |
| EPS (Diluted) | $0.29 | $1.08 | $0.76 | -73.4% | -62.3% |
| Item | Amount |
|---|---|
| REVENUE | $157M |
| Cost of Revenue | $47M |
| GROSS PROFIT | $110M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $96M |
| Operating Expenses | $96M |
| Cost & Expenses | $143M |
| OPERATING INCOME | $14M |
| Interest Income | $154.6K |
| Interest Expense | $0 |
| Other Income/Expenses | $939.1K |
| INCOME BEFORE TAX | $15M |
| Income Tax Expense | $76.7K |
| Net Income from Continuing Ops | $15M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | -$1 |
| NET INCOME | $15M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $15M |
| D&A | $0 |
| EBIT | $15M |
| EBITDA | $15M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $157M |
| Cost of Revenue | $47M |
| GROSS PROFIT | $110M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $96M |
| Operating Expenses | $96M |
| Cost & Expenses | $143M |
| OPERATING INCOME | $14M |
| Interest Income | $154.6K |
| Interest Expense | $0 |
| Other Income/Expenses | $939.1K |
| INCOME BEFORE TAX | $15M |
| Income Tax Expense | $76.7K |
| Net Income from Continuing Ops | $15M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | -$1 |
| NET INCOME | $15M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $15M |
| D&A | $0 |
| EBIT | $15M |
| EBITDA | $15M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Cash & Equivalents | $70M |
| Short-Term Investments | $0 |
| Net Receivables | $634M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $703M |
| PP&E (Net) | $199M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $44M |
| Tax Assets | $14M |
| Other Non-Current Assets | $320M |
| TOTAL NON-CURRENT ASSETS | $577M |
| TOTAL ASSETS | $1.3B |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $0 |
| Long-Term Debt | $98M |
| Deferred Revenue NC | $67M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $463M |
| TOTAL NON-CURRENT LIABILITIES | $632M |
| TOTAL LIABILITIES | $632M |
| Common Stock | $0 |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $0 |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $648M |
| TOTAL STOCKHOLDERS' EQUITY | $648M |
| Minority Interest | $0 |
| TOTAL EQUITY | $648M |
| TOTAL LIABILITIES & EQUITY | $1.3B |
| Total Debt | $102M |
| Net Debt | $33M |
