FY 2025 Earnings

Reported January 28, 2026

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Metric	FY 2025	Prior Q	FY 2024	QoQ Change	YoY Change
Revenue	$96M	—	$89M	—	8.3%
Op. Income	$23M	—	$14M	—	63.6%
Gross Margin	71.2%	—	65.6%	—	5.5pp
Net Margin	19.6%	—	14.7%	—	4.9pp
EPS (Diluted)	$3.07	—	$2.26	—	35.8%

Revenue Flow

Item	Amount
REVENUE	$96M
Cost of Revenue	$28M
GROSS PROFIT	$68M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$31M
SG&A Expenses	$31M
Other Expenses	$15M
Operating Expenses	$45M
Cost & Expenses	$73M
OPERATING INCOME	$23M
Interest Income	$81M
Interest Expense	$25M
Other Income/Expenses	$0
INCOME BEFORE TAX	$23M
Income Tax Expense	$4M
Net Income from Continuing Ops	$19M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$19M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$19M
D&A	$0
EBIT	$23M
EBITDA	$23M
EPS	$3
EPS Diluted	$3

Income Statement

Item	Amount
REVENUE	$96M
Cost of Revenue	$28M
GROSS PROFIT	$68M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$31M
SG&A Expenses	$31M
Other Expenses	$15M
Operating Expenses	$45M
Cost & Expenses	$73M
OPERATING INCOME	$23M
Interest Income	$81M
Interest Expense	$25M
Other Income/Expenses	$0
INCOME BEFORE TAX	$23M
Income Tax Expense	$4M
Net Income from Continuing Ops	$19M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$19M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$19M
D&A	$0
EBIT	$23M
EBITDA	$23M
EPS	$3
EPS Diluted	$3

Balance Sheet

Item	Amount
Cash & Equivalents	$21M
Short-Term Investments	$348M
Net Receivables	$0
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$369M
PP&E (Net)	$19M
Goodwill	$32M
Intangible Assets	$2M
Long-Term Investments	$0
Tax Assets	$0
Other Non-Current Assets	$0
TOTAL NON-CURRENT ASSETS	$54M
TOTAL ASSETS	$1.6B
Account Payables	$0
Short-Term Debt	$2M
Deferred Revenue	$0
Other Current Liabilities	$365M
TOTAL CURRENT LIABILITIES	$366M
Long-Term Debt	$32M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$1.0B
TOTAL NON-CURRENT LIABILITIES	$1.1B
TOTAL LIABILITIES	$1.4B
Common Stock	$61.0K
Additional Paid-In Capital	$103M
Retained Earnings	$64M
Treasury Stock	$0
Accum. Other Comp. Income	-$6M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$161M
Minority Interest	$0
TOTAL EQUITY	$161M
TOTAL LIABILITIES & EQUITY	$1.6B
Total Debt	$34M
Net Debt	$13M