| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $32M | $30M | $27M | 7.6% | 16.8% |
| Op. Income | $8M | $7M | $5M | 9.7% | 61.8% |
| Gross Margin | 71.9% | 74.4% | 73.9% | -2.5pp | -2.0pp |
| Net Margin | 20.3% | 19.5% | 14.4% | 0.8pp | 5.9pp |
| EPS (Diluted) | $0.26 | $0.23 | $0.16 | 13.0% | 62.5% |
| Free Cash Flow | $5M | -$5M | $9M | 193.1% | -48.5% |
| Item | Amount |
|---|---|
| REVENUE | $32M |
| Cost of Revenue | $9M |
| GROSS PROFIT | $23M |
| R&D Expenses | $0 |
| Selling & Marketing | $306.0K |
| General & Administrative | $2M |
| SG&A Expenses | $2M |
| Other Expenses | $13M |
| Operating Expenses | $15M |
| Cost & Expenses | $24M |
| OPERATING INCOME | $8M |
| Interest Income | $27M |
| Interest Expense | $7M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $8M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | $6M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $6M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $6M |
| D&A | $0 |
| EBIT | $8M |
| EBITDA | $8M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $32M |
| Cost of Revenue | $9M |
| GROSS PROFIT | $23M |
| R&D Expenses | $0 |
| Selling & Marketing | $306.0K |
| General & Administrative | $2M |
| SG&A Expenses | $2M |
| Other Expenses | $13M |
| Operating Expenses | $15M |
| Cost & Expenses | $24M |
| OPERATING INCOME | $8M |
| Interest Income | $27M |
| Interest Expense | $7M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $8M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | $6M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $6M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $6M |
| D&A | $0 |
| EBIT | $8M |
| EBITDA | $8M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $6M |
| Depreciation & Amortization | $600.0K |
| Stock-Based Compensation | $500.0K |
| Deferred Income Tax | -$653.0K |
| Other Non-Cash Items | -$316.0K |
| Change in Working Capital | -$2M |
| OPERATING CASH FLOW | $5M |
| Capital Expenditure | -$508.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$57M |
| Sales/Maturities of Investments | $70M |
| Other Investing Activities | -$56M |
| NET CASH FROM INVESTING | -$44M |
| Net Debt Issuance | -$32.0K |
| Common Stock Repurchased | -$3M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $24M |
| NET CASH FROM FINANCING | $21M |
| FREE CASH FLOW | $5M |
| Net Change in Cash | -$18M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $119M |
| Short-Term Investments | $288M |
| Net Receivables | $9M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $416M |
| PP&E (Net) | $36M |
| Goodwill | $11M |
| Intangible Assets | $2M |
| Long-Term Investments | $1.6B |
| Tax Assets | $0 |
| Other Non-Current Assets | $46M |
| TOTAL NON-CURRENT ASSETS | $1.7B |
| TOTAL ASSETS | $2.1B |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $1.8B |
| TOTAL CURRENT LIABILITIES | $1.8B |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $30M |
| TOTAL NON-CURRENT LIABILITIES | $30M |
| TOTAL LIABILITIES | $1.8B |
| Common Stock | $255.0K |
| Additional Paid-In Capital | $115M |
| Retained Earnings | $201M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $7M |
| Other Equity | -$9M |
| TOTAL STOCKHOLDERS' EQUITY | $314M |
| Minority Interest | $0 |
| TOTAL EQUITY | $314M |
| TOTAL LIABILITIES & EQUITY | $2.1B |
| Total Debt | $0 |
| Net Debt | -$119M |
