| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $96M | $93M | $93M | 2.8% | 3.2% |
| Op. Income | $27M | $26M | $25M | 5.7% | 11.7% |
| Gross Margin | 64.8% | 63.5% | 61.1% | 1.2pp | 3.7pp |
| Net Margin | 24.7% | 24.2% | 21.1% | 0.5pp | 3.7pp |
| EPS (Diluted) | $1.46 | $1.39 | $1.22 | 5.0% | 19.7% |
| Free Cash Flow | $20M | -$10M | -$14M | 301.3% | 249.4% |
| Item | Amount |
|---|---|
| REVENUE | $96M |
| Cost of Revenue | $34M |
| GROSS PROFIT | $62M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $21M |
| SG&A Expenses | $21M |
| Other Expenses | $14M |
| Operating Expenses | $35M |
| Cost & Expenses | $69M |
| OPERATING INCOME | $27M |
| Interest Income | $86M |
| Interest Expense | $34M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $27M |
| Income Tax Expense | $4M |
| Net Income from Continuing Ops | $24M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $24M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $24M |
| D&A | $1M |
| EBIT | $27M |
| EBITDA | $29M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $96M |
| Cost of Revenue | $34M |
| GROSS PROFIT | $62M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $21M |
| SG&A Expenses | $21M |
| Other Expenses | $14M |
| Operating Expenses | $35M |
| Cost & Expenses | $69M |
| OPERATING INCOME | $27M |
| Interest Income | $86M |
| Interest Expense | $34M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $27M |
| Income Tax Expense | $4M |
| Net Income from Continuing Ops | $24M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $24M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $24M |
| D&A | $1M |
| EBIT | $27M |
| EBITDA | $29M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $24M |
| Depreciation & Amortization | $1M |
| Stock-Based Compensation | $929.0K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $9M |
| Change in Working Capital | -$12M |
| OPERATING CASH FLOW | $23M |
| Capital Expenditure | -$3M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$39M |
| Sales/Maturities of Investments | $20M |
| Other Investing Activities | $84M |
| NET CASH FROM INVESTING | $64M |
| Net Debt Issuance | -$10M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$6M |
| Other Financing Activities | $110M |
| NET CASH FROM FINANCING | $94M |
| FREE CASH FLOW | $20M |
| Net Change in Cash | $181M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $477M |
| Short-Term Investments | $592M |
| Net Receivables | $0 |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $1.1B |
| PP&E (Net) | $56M |
| Goodwill | $49M |
| Intangible Assets | $0 |
| Long-Term Investments | $4.6B |
| Tax Assets | $0 |
| Other Non-Current Assets | $561M |
| TOTAL NON-CURRENT ASSETS | $5.2B |
| TOTAL ASSETS | $6.3B |
| Account Payables | $0 |
| Short-Term Debt | $332M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $4.8B |
| TOTAL CURRENT LIABILITIES | $5.1B |
| Long-Term Debt | $406M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $101M |
| TOTAL NON-CURRENT LIABILITIES | $507M |
| TOTAL LIABILITIES | $5.7B |
| Common Stock | $303M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $383M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$29M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $658M |
| Minority Interest | $0 |
| TOTAL EQUITY | $658M |
| TOTAL LIABILITIES & EQUITY | $6.3B |
| Total Debt | $738M |
| Net Debt | $261M |
