| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $53M | $53M | $53M | 0.7% | 0.2% |
| Op. Income | $9M | $9M | $8M | 7.2% | 22.4% |
| Gross Margin | 57.9% | 57.0% | 54.4% | 1.0pp | 3.5pp |
| Net Margin | 13.4% | 12.5% | 10.5% | 0.9pp | 2.9pp |
| EPS (Diluted) | $0.61 | $0.58 | $0.49 | 5.2% | 24.5% |
| Free Cash Flow | -$24M | $24M | -$1M | -199.5% | -2170.4% |
| Item | Amount |
|---|---|
| REVENUE | $53M |
| Cost of Revenue | $22M |
| GROSS PROFIT | $31M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $14M |
| SG&A Expenses | $14M |
| Other Expenses | $7M |
| Operating Expenses | $22M |
| Cost & Expenses | $44M |
| OPERATING INCOME | $9M |
| Interest Income | $43M |
| Interest Expense | $19M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $9M |
| Income Tax Expense | $2M |
| 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 | $0 |
| EBIT | $9M |
| EBITDA | $9M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $53M |
| Cost of Revenue | $22M |
| GROSS PROFIT | $31M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $14M |
| SG&A Expenses | $14M |
| Other Expenses | $7M |
| Operating Expenses | $22M |
| Cost & Expenses | $44M |
| OPERATING INCOME | $9M |
| Interest Income | $43M |
| Interest Expense | $19M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $9M |
| Income Tax Expense | $2M |
| 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 | $0 |
| EBIT | $9M |
| EBITDA | $9M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $7M |
| Depreciation & Amortization | -$3M |
| Stock-Based Compensation | $913.0K |
| Deferred Income Tax | $2M |
| Other Non-Cash Items | -$23M |
| Change in Working Capital | $9M |
| OPERATING CASH FLOW | -$23M |
| Capital Expenditure | -$1M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$34M |
| Sales/Maturities of Investments | $12M |
| Other Investing Activities | $15M |
| NET CASH FROM INVESTING | -$8M |
| Net Debt Issuance | -$20M |
| Common Stock Repurchased | -$425.0K |
| Common Dividends Paid | -$1M |
| Other Financing Activities | $27M |
| NET CASH FROM FINANCING | $10M |
| FREE CASH FLOW | -$24M |
| Net Change in Cash | -$35M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $10M |
| Short-Term Investments | $193M |
| Net Receivables | $11M |
| Inventory | $0 |
| Other Current Assets | -$193M |
| TOTAL CURRENT ASSETS | $21M |
| PP&E (Net) | $12M |
| Goodwill | $899.0K |
| Intangible Assets | $3M |
| Long-Term Investments | $2.3B |
| Tax Assets | $4M |
| Other Non-Current Assets | $249M |
| TOTAL NON-CURRENT ASSETS | $2.5B |
| TOTAL ASSETS | $2.6B |
| Account Payables | $7M |
| Short-Term Debt | $109M |
| Deferred Revenue | $0 |
| Other Current Liabilities | -$7M |
| TOTAL CURRENT LIABILITIES | $109M |
| Long-Term Debt | $60M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $4M |
| Other Non-Current Liabilities | $2.2B |
| TOTAL NON-CURRENT LIABILITIES | $2.3B |
| TOTAL LIABILITIES | $2.4B |
| Common Stock | $14M |
| Additional Paid-In Capital | $90M |
| Retained Earnings | $128M |
| Treasury Stock | -$26M |
| Accum. Other Comp. Income | -$5M |
| Other Equity | -$3M |
| TOTAL STOCKHOLDERS' EQUITY | $198M |
| Minority Interest | $0 |
| TOTAL EQUITY | $198M |
| TOTAL LIABILITIES & EQUITY | $2.6B |
| Total Debt | $178M |
| Net Debt | $168M |
