| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $55M | $53M | $49M | 4.3% | 12.9% |
| Op. Income | $16M | $13M | $11M | 25.5% | 48.8% |
| Gross Margin | 56.1% | 52.3% | 52.0% | 3.8pp | 4.1pp |
| Net Margin | 20.8% | 17.2% | 16.1% | 3.5pp | 4.7pp |
| EPS (Diluted) | $0.78 | $0.62 | $0.52 | 25.8% | 50.0% |
| Free Cash Flow | $16M | $4M | $12M | 322.8% | 36.4% |
| Item | Amount |
|---|---|
| REVENUE | $55M |
| Cost of Revenue | $24M |
| GROSS PROFIT | $31M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $11M |
| SG&A Expenses | $11M |
| Other Expenses | $4M |
| Operating Expenses | $15M |
| Cost & Expenses | $39M |
| OPERATING INCOME | $16M |
| Interest Income | $51M |
| Interest Expense | $24M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $16M |
| Income Tax Expense | $4M |
| Net Income from Continuing Ops | $11M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $11M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $11M |
| D&A | $1M |
| EBIT | $16M |
| EBITDA | $17M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $55M |
| Cost of Revenue | $24M |
| GROSS PROFIT | $31M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $11M |
| SG&A Expenses | $11M |
| Other Expenses | $4M |
| Operating Expenses | $15M |
| Cost & Expenses | $39M |
| OPERATING INCOME | $16M |
| Interest Income | $51M |
| Interest Expense | $24M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $16M |
| Income Tax Expense | $4M |
| Net Income from Continuing Ops | $11M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $11M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $11M |
| D&A | $1M |
| EBIT | $16M |
| EBITDA | $17M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $11M |
| Depreciation & Amortization | $1M |
| Stock-Based Compensation | $227.0K |
| Deferred Income Tax | -$586.0K |
| Other Non-Cash Items | -$3M |
| Change in Working Capital | $7M |
| OPERATING CASH FLOW | $16M |
| Capital Expenditure | -$247.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $6M |
| Other Investing Activities | $43M |
| NET CASH FROM INVESTING | $49M |
| Net Debt Issuance | -$45M |
| Common Stock Repurchased | -$2M |
| Common Dividends Paid | -$3M |
| Other Financing Activities | $91M |
| NET CASH FROM FINANCING | $41M |
| FREE CASH FLOW | $16M |
| Net Change in Cash | $106M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $369M |
| Short-Term Investments | $150M |
| Net Receivables | $11M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $531M |
| PP&E (Net) | $26M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $2.7B |
| Tax Assets | $7M |
| Other Non-Current Assets | $71M |
| TOTAL NON-CURRENT ASSETS | $2.8B |
| TOTAL ASSETS | $3.4B |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $2.9B |
| TOTAL CURRENT LIABILITIES | $2.9B |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $47M |
| TOTAL NON-CURRENT LIABILITIES | $66M |
| TOTAL LIABILITIES | $3.0B |
| Common Stock | $141M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $180M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$5M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $385M |
| Minority Interest | $0 |
| TOTAL EQUITY | $385M |
| TOTAL LIABILITIES & EQUITY | $3.4B |
| Total Debt | $19M |
| Net Debt | -$351M |
