| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $179M | $174M | $166M | 2.8% | 7.6% |
| Op. Income | $124M | $124M | $119M | 0.1% | 3.7% |
| Gross Margin | 89.5% | 92.2% | 93.7% | -2.7pp | -4.1pp |
| Net Margin | 53.7% | 55.3% | 55.9% | -1.6pp | -2.2pp |
| EPS (Diluted) | $1.22 | $1.21 | $1.15 | 0.8% | 6.1% |
| Free Cash Flow | $126M | $127M | $132M | -0.3% | -4.7% |
| Item | Amount |
|---|---|
| REVENUE | $179M |
| Cost of Revenue | $19M |
| GROSS PROFIT | $160M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $36M |
| Operating Expenses | $36M |
| Cost & Expenses | $55M |
| OPERATING INCOME | $124M |
| Interest Income | $900.0K |
| Interest Expense | $7M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $124M |
| Income Tax Expense | $28M |
| Net Income from Continuing Ops | $96M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $96M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $96M |
| D&A | $3M |
| EBIT | $131M |
| EBITDA | $134M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $179M |
| Cost of Revenue | $19M |
| GROSS PROFIT | $160M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $36M |
| Operating Expenses | $36M |
| Cost & Expenses | $55M |
| OPERATING INCOME | $124M |
| Interest Income | $900.0K |
| Interest Expense | $7M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $124M |
| Income Tax Expense | $28M |
| Net Income from Continuing Ops | $96M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $96M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $96M |
| D&A | $3M |
| EBIT | $131M |
| EBITDA | $134M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $96M |
| Depreciation & Amortization | $3M |
| Stock-Based Compensation | $5M |
| Deferred Income Tax | $17M |
| Other Non-Cash Items | -$1M |
| Change in Working Capital | $9M |
| OPERATING CASH FLOW | $128M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$203M |
| Sales/Maturities of Investments | $147M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$57M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$25M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$12.0K |
| NET CASH FROM FINANCING | -$25M |
| FREE CASH FLOW | $126M |
| Net Change in Cash | $46M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $130M |
| Short-Term Investments | $375M |
| Net Receivables | $121M |
| Inventory | $0 |
| Other Current Assets | -$733M |
| TOTAL CURRENT ASSETS | $216M |
| PP&E (Net) | $23M |
| Goodwill | $0 |
| Intangible Assets | $4M |
| Long-Term Investments | $2.6B |
| Tax Assets | $0 |
| Other Non-Current Assets | -$2.7B |
| TOTAL NON-CURRENT ASSETS | $4M |
| TOTAL ASSETS | $3.7B |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $50M |
| Other Current Liabilities | $269M |
| TOTAL CURRENT LIABILITIES | $322M |
| Long-Term Debt | $417M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $463M |
| Other Non-Current Liabilities | $297M |
| TOTAL NON-CURRENT LIABILITIES | $1.2B |
| TOTAL LIABILITIES | $1.2B |
| Common Stock | $884.0K |
| Additional Paid-In Capital | $1.0B |
| Retained Earnings | $1.9B |
| Treasury Stock | -$321M |
| Accum. Other Comp. Income | -$54M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.5B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.5B |
| TOTAL LIABILITIES & EQUITY | $3.7B |
| Total Debt | $417M |
| Net Debt | $286M |
