| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $229M | $217M | $210M | 5.6% | 8.9% |
| Op. Income | $79M | $61M | $53M | 29.2% | 50.2% |
| Gross Margin | 80.6% | 66.0% | 66.1% | 14.6pp | 14.5pp |
| Net Margin | 24.4% | 23.9% | 24.0% | 0.5pp | 0.5pp |
| EPS (Diluted) | $1.18 | $1.16 | $1.09 | 1.7% | 8.3% |
| Free Cash Flow | $53M | $36M | $31M | 50.1% | 72.0% |
| Item | Amount |
|---|---|
| REVENUE | $229M |
| Cost of Revenue | $44M |
| GROSS PROFIT | $184M |
| R&D Expenses | $0 |
| Selling & Marketing | $58M |
| General & Administrative | $46M |
| SG&A Expenses | $105M |
| Other Expenses | $209.0K |
| Operating Expenses | $105M |
| Cost & Expenses | $149M |
| OPERATING INCOME | $79M |
| Interest Income | $197M |
| Interest Expense | $44M |
| Other Income/Expenses | -$32M |
| INCOME BEFORE TAX | $47M |
| Income Tax Expense | -$8M |
| Net Income from Continuing Ops | $56M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $56M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $56M |
| D&A | $0 |
| EBIT | $79M |
| EBITDA | $79M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $229M |
| Cost of Revenue | $44M |
| GROSS PROFIT | $184M |
| R&D Expenses | $0 |
| Selling & Marketing | $58M |
| General & Administrative | $46M |
| SG&A Expenses | $105M |
| Other Expenses | $209.0K |
| Operating Expenses | $105M |
| Cost & Expenses | $149M |
| OPERATING INCOME | $79M |
| Interest Income | $197M |
| Interest Expense | $44M |
| Other Income/Expenses | -$32M |
| INCOME BEFORE TAX | $47M |
| Income Tax Expense | -$8M |
| Net Income from Continuing Ops | $56M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $56M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $56M |
| D&A | $0 |
| EBIT | $79M |
| EBITDA | $79M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $56M |
| Depreciation & Amortization | $6M |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | -$149M |
| Other Non-Cash Items | $14M |
| Change in Working Capital | $131M |
| OPERATING CASH FLOW | $59M |
| Capital Expenditure | -$6M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$175M |
| Sales/Maturities of Investments | $270M |
| Other Investing Activities | -$61M |
| NET CASH FROM INVESTING | $28M |
| Net Debt Issuance | $9.0K |
| Common Stock Repurchased | -$40M |
| Common Dividends Paid | -$13M |
| Other Financing Activities | $266M |
| NET CASH FROM FINANCING | $213M |
| FREE CASH FLOW | $53M |
| Net Change in Cash | $300M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.0B |
| Short-Term Investments | $23.0K |
| Net Receivables | $162M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $1.2B |
| PP&E (Net) | $94M |
| Goodwill | $84M |
| Intangible Assets | $10M |
| Long-Term Investments | $2.8B |
| Tax Assets | $104M |
| Other Non-Current Assets | $8.1B |
| TOTAL NON-CURRENT ASSETS | $11.2B |
| TOTAL ASSETS | $12.5B |
| Account Payables | $0 |
| Short-Term Debt | $101M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $10.3B |
| TOTAL CURRENT LIABILITIES | $10.6B |
| Long-Term Debt | $457M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $480M |
| TOTAL LIABILITIES | $11.1B |
| Common Stock | $60M |
| Additional Paid-In Capital | $643M |
| Retained Earnings | $905M |
| Treasury Stock | -$389M |
| Accum. Other Comp. Income | -$17M |
| Other Equity | $188M |
| TOTAL STOCKHOLDERS' EQUITY | $1.4B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.4B |
| TOTAL LIABILITIES & EQUITY | $12.5B |
| Total Debt | $580M |
| Net Debt | -$460M |
