| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $207M | $211M | $202M | -1.5% | 2.8% |
| Op. Income | $77M | $85M | $73M | -9.1% | 5.8% |
| Gross Margin | 68.1% | 69.1% | 69.3% | -0.9pp | -1.2pp |
| Net Margin | 44.5% | 32.4% | 32.3% | 12.1pp | 12.2pp |
| EPS (Diluted) | $2.51 | $1.84 | $1.73 | 36.4% | 45.1% |
| Free Cash Flow | $144M | $77M | $165M | 86.0% | -13.1% |
| Item | Amount |
|---|---|
| REVENUE | $207M |
| Cost of Revenue | $66M |
| GROSS PROFIT | $141M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $64M |
| Operating Expenses | $64M |
| Cost & Expenses | $130M |
| OPERATING INCOME | $77M |
| Interest Income | $5M |
| Interest Expense | $964.0K |
| Other Income/Expenses | $3M |
| INCOME BEFORE TAX | $80M |
| Income Tax Expense | -$13M |
| Net Income from Continuing Ops | $92M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $92M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $92M |
| D&A | $22M |
| EBIT | $81M |
| EBITDA | $102M |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| REVENUE | $207M |
| Cost of Revenue | $66M |
| GROSS PROFIT | $141M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $64M |
| Operating Expenses | $64M |
| Cost & Expenses | $130M |
| OPERATING INCOME | $77M |
| Interest Income | $5M |
| Interest Expense | $964.0K |
| Other Income/Expenses | $3M |
| INCOME BEFORE TAX | $80M |
| Income Tax Expense | -$13M |
| Net Income from Continuing Ops | $92M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $92M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $92M |
| D&A | $22M |
| EBIT | $81M |
| EBITDA | $102M |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| Net Income | $92M |
| Depreciation & Amortization | $22M |
| Stock-Based Compensation | $7M |
| Deferred Income Tax | $6M |
| Other Non-Cash Items | -$671.0K |
| Change in Working Capital | $32M |
| OPERATING CASH FLOW | $159M |
| Capital Expenditure | -$15M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$4M |
| Sales/Maturities of Investments | $2M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$17M |
| Net Debt Issuance | $220M |
| Common Stock Repurchased | -$300M |
| Common Dividends Paid | -$28M |
| Other Financing Activities | $17M |
| NET CASH FROM FINANCING | -$108M |
| FREE CASH FLOW | $144M |
| Net Change in Cash | $47M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $520M |
| Short-Term Investments | $49M |
| Net Receivables | $464M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $1.1B |
| PP&E (Net) | $112M |
| Goodwill | $284M |
| Intangible Assets | $111M |
| Long-Term Investments | $171M |
| Tax Assets | $0 |
| Other Non-Current Assets | $52M |
| TOTAL NON-CURRENT ASSETS | $729M |
| TOTAL ASSETS | $1.8B |
| Account Payables | $200M |
| Short-Term Debt | $220M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $585M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $65M |
| TOTAL LIABILITIES | $650M |
| Common Stock | $123.0K |
| Additional Paid-In Capital | $306M |
| Retained Earnings | $1.5B |
| Treasury Stock | -$695M |
| Accum. Other Comp. Income | -$4M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.1B |
| Minority Interest | $13M |
| TOTAL EQUITY | $1.2B |
| TOTAL LIABILITIES & EQUITY | $1.8B |
| Total Debt | $285M |
| Net Debt | -$235M |
