| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $141M | $152M | $146M | -7.3% | -3.5% |
| Op. Income | $28M | $43M | $35M | -34.7% | -18.8% |
| Gross Margin | 71.5% | 72.0% | 67.2% | -0.5pp | 4.3pp |
| Net Margin | 11.4% | 23.2% | 19.3% | -11.8pp | -7.9pp |
| EPS (Diluted) | $0.42 | $0.92 | $0.73 | -54.3% | -42.5% |
| Free Cash Flow | $12M | $46M | $38M | -74.4% | -68.9% |
| Item | Amount |
|---|---|
| REVENUE | $141M |
| Cost of Revenue | $40M |
| GROSS PROFIT | $101M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $38M |
| SG&A Expenses | $38M |
| Other Expenses | $34M |
| Operating Expenses | $72M |
| Cost & Expenses | $113M |
| OPERATING INCOME | $28M |
| Interest Income | $126M |
| Interest Expense | $40M |
| Other Income/Expenses | -$9M |
| INCOME BEFORE TAX | $19M |
| Income Tax Expense | $3M |
| Net Income from Continuing Ops | $16M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $16M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $16M |
| D&A | $2M |
| EBIT | $28M |
| EBITDA | $30M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $141M |
| Cost of Revenue | $40M |
| GROSS PROFIT | $101M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $38M |
| SG&A Expenses | $38M |
| Other Expenses | $34M |
| Operating Expenses | $72M |
| Cost & Expenses | $113M |
| OPERATING INCOME | $28M |
| Interest Income | $126M |
| Interest Expense | $40M |
| Other Income/Expenses | -$9M |
| INCOME BEFORE TAX | $19M |
| Income Tax Expense | $3M |
| Net Income from Continuing Ops | $16M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $16M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $16M |
| D&A | $2M |
| EBIT | $28M |
| EBITDA | $30M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $16M |
| Depreciation & Amortization | $9M |
| Stock-Based Compensation | $1M |
| Deferred Income Tax | -$8M |
| Other Non-Cash Items | $46M |
| Change in Working Capital | -$27M |
| OPERATING CASH FLOW | $38M |
| Capital Expenditure | -$26M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $3M |
| Sales/Maturities of Investments | $232M |
| Other Investing Activities | -$188M |
| NET CASH FROM INVESTING | $21M |
| Net Debt Issuance | -$4M |
| Common Stock Repurchased | -$2M |
| Common Dividends Paid | -$12M |
| Other Financing Activities | -$179M |
| NET CASH FROM FINANCING | -$197M |
| FREE CASH FLOW | $12M |
| Net Change in Cash | -$139M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $417M |
| Short-Term Investments | $529M |
| Net Receivables | $0 |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $946M |
| PP&E (Net) | $215M |
| Goodwill | $306M |
| Intangible Assets | $48M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $0 |
| TOTAL NON-CURRENT ASSETS | $569M |
| TOTAL ASSETS | $9.9B |
| Account Payables | $0 |
| Short-Term Debt | $17M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $3.4B |
| TOTAL CURRENT LIABILITIES | $3.5B |
| Long-Term Debt | $55M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $5.0B |
| TOTAL NON-CURRENT LIABILITIES | $5.0B |
| TOTAL LIABILITIES | $8.5B |
| Common Stock | $515.0K |
| Additional Paid-In Capital | $1.2B |
| Retained Earnings | $572M |
| Treasury Stock | -$315M |
| Accum. Other Comp. Income | -$44M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.4B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.4B |
| TOTAL LIABILITIES & EQUITY | $9.9B |
| Total Debt | $72M |
| Net Debt | -$345M |
