| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $135M | $130M | $127M | 3.7% | 6.1% |
| Op. Income | $10M | $27M | $18M | -62.0% | -42.0% |
| Gross Margin | 41.6% | 53.9% | 54.3% | -12.3pp | -12.7pp |
| Net Margin | 5.3% | 14.5% | 9.7% | -9.2pp | -4.4pp |
| EPS (Diluted) | $0.67 | $1.76 | $1.08 | -61.9% | -38.0% |
| Free Cash Flow | $31M | $18M | $4M | 79.9% | 654.8% |
| Item | Amount |
|---|---|
| REVENUE | $135M |
| Cost of Revenue | $79M |
| GROSS PROFIT | $56M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $24M |
| SG&A Expenses | $24M |
| Other Expenses | $22M |
| Operating Expenses | $46M |
| Cost & Expenses | $124M |
| OPERATING INCOME | $10M |
| Interest Income | $132M |
| Interest Expense | $55M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $10M |
| Income Tax Expense | $3M |
| Net Income from Continuing Ops | $7M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $7M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $7M |
| D&A | -$5M |
| EBIT | $10M |
| EBITDA | $5M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $135M |
| Cost of Revenue | $79M |
| GROSS PROFIT | $56M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $24M |
| SG&A Expenses | $24M |
| Other Expenses | $22M |
| Operating Expenses | $46M |
| Cost & Expenses | $124M |
| OPERATING INCOME | $10M |
| Interest Income | $132M |
| Interest Expense | $55M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $10M |
| Income Tax Expense | $3M |
| Net Income from Continuing Ops | $7M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $7M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $7M |
| D&A | -$5M |
| EBIT | $10M |
| EBITDA | $5M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $7M |
| Depreciation & Amortization | -$5M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $24M |
| Change in Working Capital | $4M |
| OPERATING CASH FLOW | $32M |
| Capital Expenditure | -$305.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$41M |
| Sales/Maturities of Investments | $57M |
| Other Investing Activities | -$166M |
| NET CASH FROM INVESTING | -$150M |
| Net Debt Issuance | $75M |
| Common Stock Repurchased | -$3M |
| Common Dividends Paid | -$2M |
| Other Financing Activities | $281M |
| NET CASH FROM FINANCING | $352M |
| FREE CASH FLOW | $31M |
| Net Change in Cash | $233M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $386M |
| Short-Term Investments | $535M |
| Net Receivables | $0 |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $921M |
| PP&E (Net) | $0 |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $7.1B |
| Tax Assets | $0 |
| Other Non-Current Assets | $199M |
| TOTAL NON-CURRENT ASSETS | $7.3B |
| TOTAL ASSETS | $8.2B |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $7.1B |
| TOTAL CURRENT LIABILITIES | $7.1B |
| Long-Term Debt | $292M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $137M |
| TOTAL NON-CURRENT LIABILITIES | $430M |
| TOTAL LIABILITIES | $7.5B |
| Common Stock | $113.0K |
| Additional Paid-In Capital | $404M |
| Retained Earnings | $423M |
| Treasury Stock | -$53M |
| Accum. Other Comp. Income | -$42M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $732M |
| Minority Interest | $0 |
| TOTAL EQUITY | $732M |
| TOTAL LIABILITIES & EQUITY | $8.2B |
| Total Debt | $292M |
| Net Debt | -$94M |
