| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $106M | $92M | $95M | 14.8% | 11.5% |
| Op. Income | $37M | $25M | $20M | 46.3% | 82.8% |
| Gross Margin | 97.0% | 80.1% | -43.7% | 16.9pp | 140.7pp |
| Net Margin | 1.7% | 34.5% | 16.8% | -32.8pp | -15.1pp |
| EPS (Diluted) | $0.13 | $2.27 | $1.14 | -94.2% | -88.5% |
| Item | Amount |
|---|---|
| REVENUE | $106M |
| Cost of Revenue | $3M |
| GROSS PROFIT | $103M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $66M |
| Operating Expenses | $66M |
| Cost & Expenses | $69M |
| OPERATING INCOME | $37M |
| Interest Income | $7M |
| Interest Expense | $0 |
| Other Income/Expenses | -$20M |
| INCOME BEFORE TAX | $17M |
| Income Tax Expense | $15M |
| Net Income from Continuing Ops | $1M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | -$1 |
| NET INCOME | $2M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $2M |
| D&A | $0 |
| EBIT | $17M |
| EBITDA | $17M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $106M |
| Cost of Revenue | $3M |
| GROSS PROFIT | $103M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $66M |
| Operating Expenses | $66M |
| Cost & Expenses | $69M |
| OPERATING INCOME | $37M |
| Interest Income | $7M |
| Interest Expense | $0 |
| Other Income/Expenses | -$20M |
| INCOME BEFORE TAX | $17M |
| Income Tax Expense | $15M |
| Net Income from Continuing Ops | $1M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | -$1 |
| NET INCOME | $2M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $2M |
| D&A | $0 |
| EBIT | $17M |
| EBITDA | $17M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Cash & Equivalents | $639M |
| Short-Term Investments | $96M |
| Net Receivables | $149M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $884M |
| PP&E (Net) | $360M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $382M |
| Tax Assets | $45M |
| Other Non-Current Assets | $46M |
| TOTAL NON-CURRENT ASSETS | $833M |
| TOTAL ASSETS | $1.7B |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $0 |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $8M |
| Deferred Tax Liabilities | $39M |
| Other Non-Current Liabilities | $202M |
| TOTAL NON-CURRENT LIABILITIES | $257M |
| TOTAL LIABILITIES | $257M |
| Common Stock | $16.5K |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $0 |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $1.5B |
| TOTAL STOCKHOLDERS' EQUITY | $1.5B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.5B |
| TOTAL LIABILITIES & EQUITY | $1.7B |
| Total Debt | $9M |
| Net Debt | -$630M |
