| Metric | Q1 2026 | Q4 2025 | Q1 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $85M | $98M | $73M | -14.1% | 16.3% |
| Op. Income | $31M | $38M | $25M | -16.7% | 25.6% |
| Gross Margin | 59.1% | 60.2% | 57.0% | -1.1pp | 2.1pp |
| Net Margin | 26.7% | 25.6% | 23.5% | 1.1pp | 3.1pp |
| EPS (Diluted) | $2.67 | $3.00 | $2.11 | -11.0% | 26.5% |
| Free Cash Flow | $21M | $49M | $3M | -57.2% | 715.2% |
| Item | Amount |
|---|---|
| REVENUE | $85M |
| Cost of Revenue | $35M |
| GROSS PROFIT | $50M |
| R&D Expenses | $0 |
| Selling & Marketing | $123.0K |
| General & Administrative | $13M |
| SG&A Expenses | $13M |
| Other Expenses | $5M |
| Operating Expenses | $19M |
| Cost & Expenses | $53M |
| OPERATING INCOME | $31M |
| Interest Income | $83M |
| Interest Expense | $35M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $31M |
| Income Tax Expense | $9M |
| Net Income from Continuing Ops | $23M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $23M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $23M |
| D&A | $787.0K |
| EBIT | $31M |
| EBITDA | $32M |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| REVENUE | $85M |
| Cost of Revenue | $35M |
| GROSS PROFIT | $50M |
| R&D Expenses | $0 |
| Selling & Marketing | $123.0K |
| General & Administrative | $13M |
| SG&A Expenses | $13M |
| Other Expenses | $5M |
| Operating Expenses | $19M |
| Cost & Expenses | $53M |
| OPERATING INCOME | $31M |
| Interest Income | $83M |
| Interest Expense | $35M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $31M |
| Income Tax Expense | $9M |
| Net Income from Continuing Ops | $23M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $23M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $23M |
| D&A | $787.0K |
| EBIT | $31M |
| EBITDA | $32M |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| Net Income | $23M |
| Depreciation & Amortization | $787.0K |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$11M |
| Change in Working Capital | $7M |
| OPERATING CASH FLOW | $21M |
| Capital Expenditure | -$269.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $7M |
| Other Investing Activities | $34M |
| NET CASH FROM INVESTING | $41M |
| Net Debt Issuance | -$4M |
| Common Stock Repurchased | -$5M |
| Common Dividends Paid | -$83.0K |
| Other Financing Activities | -$125M |
| NET CASH FROM FINANCING | -$134M |
| FREE CASH FLOW | $21M |
| Net Change in Cash | -$72M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $342M |
| Short-Term Investments | $8M |
| Net Receivables | $17M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $367M |
| PP&E (Net) | $24M |
| Goodwill | $0 |
| Intangible Assets | $662.0K |
| Long-Term Investments | $3.7B |
| Tax Assets | $0 |
| Other Non-Current Assets | $53M |
| TOTAL NON-CURRENT ASSETS | $3.8B |
| TOTAL ASSETS | $4.2B |
| Account Payables | $0 |
| Short-Term Debt | $10M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $3.3B |
| TOTAL CURRENT LIABILITIES | $3.3B |
| Long-Term Debt | $307M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $72M |
| TOTAL NON-CURRENT LIABILITIES | $398M |
| TOTAL LIABILITIES | $3.7B |
| Common Stock | $9M |
| Additional Paid-In Capital | $96M |
| Retained Earnings | $409M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $5.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $514M |
| Minority Interest | $0 |
| TOTAL EQUITY | $514M |
| TOTAL LIABILITIES & EQUITY | $4.2B |
| Total Debt | $335M |
| Net Debt | -$6M |
