| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $61M | $60M | $56M | 1.2% | 8.0% |
| Op. Income | $23M | $24M | $21M | -2.1% | 12.0% |
| Gross Margin | 60.1% | 64.0% | 59.6% | -3.9pp | 0.5pp |
| Net Margin | 30.1% | 28.7% | 28.8% | 1.4pp | 1.3pp |
| EPS (Diluted) | $0.68 | $0.67 | $0.63 | 1.5% | 7.9% |
| Free Cash Flow | -$1.0K | $16M | $19M | -100.0% | -100.0% |
| Item | Amount |
|---|---|
| REVENUE | $61M |
| Cost of Revenue | $24M |
| GROSS PROFIT | $37M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $12M |
| SG&A Expenses | $12M |
| Other Expenses | $987.0K |
| Operating Expenses | $13M |
| Cost & Expenses | $38M |
| OPERATING INCOME | $23M |
| Interest Income | $60M |
| Interest Expense | $24M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $23M |
| Income Tax Expense | $5M |
| Net Income from Continuing Ops | $18M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $18M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $18M |
| D&A | $0 |
| EBIT | $23M |
| EBITDA | $23M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $61M |
| Cost of Revenue | $24M |
| GROSS PROFIT | $37M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $12M |
| SG&A Expenses | $12M |
| Other Expenses | $987.0K |
| Operating Expenses | $13M |
| Cost & Expenses | $38M |
| OPERATING INCOME | $23M |
| Interest Income | $60M |
| Interest Expense | $24M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $23M |
| Income Tax Expense | $5M |
| Net Income from Continuing Ops | $18M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $18M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $18M |
| D&A | $0 |
| EBIT | $23M |
| EBITDA | $23M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $18M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $2M |
| Change in Working Capital | -$20M |
| OPERATING CASH FLOW | $224.0K |
| Capital Expenditure | -$225.0K |
| Acquisitions (Net) | $9M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $165M |
| NET CASH FROM INVESTING | $174M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$3M |
| Common Dividends Paid | -$6M |
| Other Financing Activities | -$8M |
| NET CASH FROM FINANCING | -$17M |
| FREE CASH FLOW | -$1.0K |
| Net Change in Cash | $157M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $371M |
| Short-Term Investments | $47M |
| Net Receivables | $20M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $438M |
| PP&E (Net) | $45M |
| Goodwill | $56M |
| Intangible Assets | $13M |
| Long-Term Investments | $4.1B |
| Tax Assets | $0 |
| Other Non-Current Assets | -$4.1B |
| TOTAL NON-CURRENT ASSETS | $114M |
| TOTAL ASSETS | $4.8B |
| Account Payables | $11M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $5M |
| TOTAL CURRENT LIABILITIES | $15M |
| Long-Term Debt | $525M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $3.7B |
| TOTAL NON-CURRENT LIABILITIES | $4.2B |
| TOTAL LIABILITIES | $4.2B |
| Common Stock | $1M |
| Additional Paid-In Capital | $139M |
| Retained Earnings | $403M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $2M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $544M |
| Minority Interest | $0 |
| TOTAL EQUITY | $544M |
| TOTAL LIABILITIES & EQUITY | $4.8B |
| Total Debt | $541M |
| Net Debt | $170M |
