| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $217M | $210M | $205M | 3.0% | 5.8% |
| Op. Income | $61M | $66M | $62M | -6.8% | -0.7% |
| Gross Margin | 66.0% | 69.5% | 69.5% | -3.5pp | -3.5pp |
| Net Margin | 23.9% | 24.6% | 22.9% | -0.7pp | 1.0pp |
| EPS (Diluted) | $1.16 | $1.15 | $1.00 | 0.9% | 16.0% |
| Free Cash Flow | $36M | $32M | $35M | 11.7% | 2.6% |
| Item | Amount |
|---|---|
| REVENUE | $217M |
| Cost of Revenue | $74M |
| GROSS PROFIT | $143M |
| R&D Expenses | $0 |
| Selling & Marketing | $3M |
| General & Administrative | $43M |
| SG&A Expenses | $46M |
| Other Expenses | $36M |
| Operating Expenses | $82M |
| Cost & Expenses | $155M |
| OPERATING INCOME | $61M |
| Interest Income | $200M |
| Interest Expense | $45M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $61M |
| Income Tax Expense | $10M |
| Net Income from Continuing Ops | $52M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $52M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $52M |
| D&A | $7M |
| EBIT | $61M |
| EBITDA | $68M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $217M |
| Cost of Revenue | $74M |
| GROSS PROFIT | $143M |
| R&D Expenses | $0 |
| Selling & Marketing | $3M |
| General & Administrative | $43M |
| SG&A Expenses | $46M |
| Other Expenses | $36M |
| Operating Expenses | $82M |
| Cost & Expenses | $155M |
| OPERATING INCOME | $61M |
| Interest Income | $200M |
| Interest Expense | $45M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $61M |
| Income Tax Expense | $10M |
| Net Income from Continuing Ops | $52M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $52M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $52M |
| D&A | $7M |
| EBIT | $61M |
| EBITDA | $68M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $52M |
| Depreciation & Amortization | $7M |
| Stock-Based Compensation | $1M |
| Deferred Income Tax | -$3M |
| Other Non-Cash Items | $5M |
| Change in Working Capital | -$22M |
| OPERATING CASH FLOW | $40M |
| Capital Expenditure | -$4M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$205M |
| Sales/Maturities of Investments | $98M |
| Other Investing Activities | $51M |
| NET CASH FROM INVESTING | -$60M |
| Net Debt Issuance | $73M |
| Common Stock Repurchased | -$20M |
| Common Dividends Paid | -$13M |
| Other Financing Activities | -$130M |
| NET CASH FROM FINANCING | -$91M |
| FREE CASH FLOW | $36M |
| Net Change in Cash | -$111M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $263M |
| Short-Term Investments | $2.6B |
| Net Receivables | $60M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $3.0B |
| PP&E (Net) | $123M |
| Goodwill | $84M |
| Intangible Assets | $79M |
| Long-Term Investments | $8.3B |
| Tax Assets | $7M |
| Other Non-Current Assets | $589M |
| TOTAL NON-CURRENT ASSETS | $9.2B |
| TOTAL ASSETS | $12.2B |
| Account Payables | $0 |
| Short-Term Debt | $157M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $10.0B |
| TOTAL CURRENT LIABILITIES | $10.2B |
| Long-Term Debt | $400M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $50M |
| Other Non-Current Liabilities | $213M |
| TOTAL NON-CURRENT LIABILITIES | $688M |
| TOTAL LIABILITIES | $10.9B |
| Common Stock | $60M |
| Additional Paid-In Capital | $641M |
| Retained Earnings | $867M |
| Treasury Stock | -$349M |
| Accum. Other Comp. Income | $156M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.4B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.4B |
| TOTAL LIABILITIES & EQUITY | $12.2B |
| Total Debt | $582M |
| Net Debt | $319M |
