| Metric | Q1 2026 | Q4 2025 | Q1 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $63M | $68M | $63M | -7.9% | -0.3% |
| Op. Income | $13M | -$22M | $11M | 160.1% | 24.6% |
| Gross Margin | 58.8% | 58.7% | 50.9% | 0.1pp | 7.9pp |
| Net Margin | 18.8% | -40.1% | 12.5% | 58.9pp | 6.3pp |
| EPS (Diluted) | $0.30 | $-0.69 | $0.19 | 143.5% | 57.9% |
| Item | Amount |
|---|---|
| REVENUE | $63M |
| Cost of Revenue | $26M |
| GROSS PROFIT | $37M |
| R&D Expenses | $0 |
| Selling & Marketing | $159.0K |
| General & Administrative | $23M |
| SG&A Expenses | $23M |
| Other Expenses | $247.0K |
| Operating Expenses | $24M |
| Cost & Expenses | $49M |
| OPERATING INCOME | $13M |
| Interest Income | $63M |
| Interest Expense | $26M |
| Other Income/Expenses | $3M |
| INCOME BEFORE TAX | $17M |
| Income Tax Expense | $5M |
| Net Income from Continuing Ops | $12M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $12M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $12M |
| D&A | $0 |
| EBIT | $13M |
| EBITDA | $13M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $63M |
| Cost of Revenue | $26M |
| GROSS PROFIT | $37M |
| R&D Expenses | $0 |
| Selling & Marketing | $159.0K |
| General & Administrative | $23M |
| SG&A Expenses | $23M |
| Other Expenses | $247.0K |
| Operating Expenses | $24M |
| Cost & Expenses | $49M |
| OPERATING INCOME | $13M |
| Interest Income | $63M |
| Interest Expense | $26M |
| Other Income/Expenses | $3M |
| INCOME BEFORE TAX | $17M |
| Income Tax Expense | $5M |
| Net Income from Continuing Ops | $12M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $12M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $12M |
| D&A | $0 |
| EBIT | $13M |
| EBITDA | $13M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Cash & Equivalents | $12M |
| Short-Term Investments | $1.4B |
| Net Receivables | $20M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $1.4B |
| PP&E (Net) | $44M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $5.4B |
| Tax Assets | $0 |
| Other Non-Current Assets | -$5.4B |
| TOTAL NON-CURRENT ASSETS | $44M |
| TOTAL ASSETS | $5.7B |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $0 |
| Long-Term Debt | $864M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $4.1B |
| TOTAL NON-CURRENT LIABILITIES | $5.0B |
| TOTAL LIABILITIES | $5.0B |
| Common Stock | $0 |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $0 |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $695M |
| TOTAL STOCKHOLDERS' EQUITY | $695M |
| Minority Interest | $0 |
| TOTAL EQUITY | $695M |
| TOTAL LIABILITIES & EQUITY | $5.7B |
| Total Debt | $892M |
| Net Debt | $881M |
