| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $173M | $165M | $175M | 4.8% | -1.0% |
| Op. Income | $23M | $25M | $33M | -9.3% | -31.0% |
| Gross Margin | 56.4% | 57.5% | 54.4% | -1.2pp | 2.0pp |
| Net Margin | 10.0% | 11.5% | 14.3% | -1.5pp | -4.3pp |
| EPS (Diluted) | $0.30 | $0.28 | $0.42 | 7.1% | -28.6% |
| Free Cash Flow | $23M | $27M | -$23M | -16.0% | 197.3% |
| Item | Amount |
|---|---|
| REVENUE | $173M |
| Cost of Revenue | $76M |
| GROSS PROFIT | $98M |
| R&D Expenses | $0 |
| Selling & Marketing | $2M |
| General & Administrative | $44M |
| SG&A Expenses | $46M |
| Other Expenses | $30M |
| Operating Expenses | $75M |
| Cost & Expenses | $151M |
| OPERATING INCOME | $23M |
| Interest Income | $162M |
| Interest Expense | $72M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $23M |
| Income Tax Expense | $5M |
| Net Income from Continuing Ops | $17M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $17M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $17M |
| D&A | $4M |
| EBIT | $23M |
| EBITDA | $26M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $173M |
| Cost of Revenue | $76M |
| GROSS PROFIT | $98M |
| R&D Expenses | $0 |
| Selling & Marketing | $2M |
| General & Administrative | $44M |
| SG&A Expenses | $46M |
| Other Expenses | $30M |
| Operating Expenses | $75M |
| Cost & Expenses | $151M |
| OPERATING INCOME | $23M |
| Interest Income | $162M |
| Interest Expense | $72M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $23M |
| Income Tax Expense | $5M |
| Net Income from Continuing Ops | $17M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $17M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $17M |
| D&A | $4M |
| EBIT | $23M |
| EBITDA | $26M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $17M |
| Depreciation & Amortization | $4M |
| Stock-Based Compensation | $1M |
| Deferred Income Tax | $14.0K |
| Other Non-Cash Items | -$1M |
| Change in Working Capital | $4M |
| OPERATING CASH FLOW | $24M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$709M |
| Sales/Maturities of Investments | $225M |
| Other Investing Activities | -$402M |
| NET CASH FROM INVESTING | -$888M |
| Net Debt Issuance | $770M |
| Common Stock Repurchased | -$42.0K |
| Common Dividends Paid | -$11M |
| Other Financing Activities | $209M |
| NET CASH FROM FINANCING | $967M |
| FREE CASH FLOW | $23M |
| Net Change in Cash | $104M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $274M |
| Short-Term Investments | $1.3B |
| Net Receivables | $48M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $1.6B |
| PP&E (Net) | $112M |
| Goodwill | $523M |
| Intangible Assets | $10M |
| Long-Term Investments | $11.5B |
| Tax Assets | $0 |
| Other Non-Current Assets | $578M |
| TOTAL NON-CURRENT ASSETS | $12.7B |
| TOTAL ASSETS | $14.3B |
| Account Payables | $0 |
| Short-Term Debt | $65M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $10.4B |
| TOTAL CURRENT LIABILITIES | $10.5B |
| Long-Term Debt | $1.9B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $267M |
| TOTAL NON-CURRENT LIABILITIES | $2.2B |
| TOTAL LIABILITIES | $12.7B |
| Common Stock | $625.0K |
| Additional Paid-In Capital | $1.1B |
| Retained Earnings | $661M |
| Treasury Stock | -$115M |
| Accum. Other Comp. Income | -$9M |
| Other Equity | -$2M |
| TOTAL STOCKHOLDERS' EQUITY | $1.7B |
| Minority Interest | $890.0K |
| TOTAL EQUITY | $1.7B |
| TOTAL LIABILITIES & EQUITY | $14.3B |
| Total Debt | $2.0B |
| Net Debt | $1.7B |
