| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $36M | $35M | $12M | 2.5% | 200.7% |
| Op. Income | $10M | $11M | -$16M | -6.6% | 161.3% |
| Gross Margin | 66.0% | 67.6% | -22.3% | -1.7pp | 88.3pp |
| Net Margin | 20.9% | 24.0% | -107.0% | -3.1pp | 127.9pp |
| EPS (Diluted) | $0.81 | $0.90 | $-1.54 | -10.0% | 152.6% |
| Free Cash Flow | $5M | $12M | $3M | -56.2% | 56.8% |
| Item | Amount |
|---|---|
| REVENUE | $36M |
| Cost of Revenue | $12M |
| GROSS PROFIT | $23M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $11M |
| SG&A Expenses | $11M |
| Other Expenses | $2M |
| Operating Expenses | $14M |
| Cost & Expenses | $26M |
| OPERATING INCOME | $10M |
| Interest Income | $33M |
| Interest Expense | $12M |
| Other Income/Expenses | -$468.0K |
| INCOME BEFORE TAX | $9M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | $7M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $7M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $7M |
| D&A | $11.0K |
| EBIT | $10M |
| EBITDA | $10M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $36M |
| Cost of Revenue | $12M |
| GROSS PROFIT | $23M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $11M |
| SG&A Expenses | $11M |
| Other Expenses | $2M |
| Operating Expenses | $14M |
| Cost & Expenses | $26M |
| OPERATING INCOME | $10M |
| Interest Income | $33M |
| Interest Expense | $12M |
| Other Income/Expenses | -$468.0K |
| INCOME BEFORE TAX | $9M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | $7M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $7M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $7M |
| D&A | $11.0K |
| EBIT | $10M |
| EBITDA | $10M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $7M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $2M |
| Change in Working Capital | -$688.0K |
| OPERATING CASH FLOW | $9M |
| Capital Expenditure | -$4M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$43M |
| NET CASH FROM INVESTING | -$43M |
| Net Debt Issuance | $2M |
| Common Stock Repurchased | -$12.0K |
| Common Dividends Paid | -$3M |
| Other Financing Activities | $5M |
| NET CASH FROM FINANCING | $4M |
| FREE CASH FLOW | $5M |
| Net Change in Cash | -$30M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $32M |
| Short-Term Investments | $409M |
| Net Receivables | $1.8B |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $2.3B |
| PP&E (Net) | $23M |
| Goodwill | $29M |
| Intangible Assets | $98.0K |
| Long-Term Investments | $2.0B |
| Tax Assets | $15M |
| Other Non-Current Assets | -$2.0B |
| TOTAL NON-CURRENT ASSETS | $67M |
| TOTAL ASSETS | $2.4B |
| Account Payables | $12M |
| Short-Term Debt | $15M |
| Deferred Revenue | $0 |
| Other Current Liabilities | -$12M |
| TOTAL CURRENT LIABILITIES | $15M |
| Long-Term Debt | $59M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $2.1B |
| TOTAL NON-CURRENT LIABILITIES | $2.2B |
| TOTAL LIABILITIES | $2.2B |
| Common Stock | $952.0K |
| Additional Paid-In Capital | $127M |
| Retained Earnings | $141M |
| Treasury Stock | -$6M |
| Accum. Other Comp. Income | -$21M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $242M |
| Minority Interest | $0 |
| TOTAL EQUITY | $242M |
| TOTAL LIABILITIES & EQUITY | $2.4B |
| Total Debt | $74M |
| Net Debt | $42M |
