| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $131M | $124M | $133M | 5.1% | -1.8% |
| Op. Income | $51M | $47M | $47M | 9.4% | 8.4% |
| Gross Margin | 55.5% | 55.6% | 52.0% | -0.1pp | 3.5pp |
| Net Margin | 27.5% | 26.4% | 25.1% | 1.1pp | 2.4pp |
| EPS (Diluted) | $2.84 | $2.57 | $2.46 | 10.5% | 15.4% |
| Free Cash Flow | $11M | $25M | $56M | -57.6% | -80.6% |
| Item | Amount |
|---|---|
| REVENUE | $131M |
| Cost of Revenue | $58M |
| GROSS PROFIT | $72M |
| R&D Expenses | $0 |
| Selling & Marketing | $238.0K |
| General & Administrative | $14M |
| SG&A Expenses | $14M |
| Other Expenses | $7M |
| Operating Expenses | $21M |
| Cost & Expenses | $80M |
| OPERATING INCOME | $51M |
| Interest Income | $127M |
| Interest Expense | $56M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $51M |
| Income Tax Expense | $15M |
| Net Income from Continuing Ops | $36M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $36M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $36M |
| D&A | $412.0K |
| EBIT | $51M |
| EBITDA | $51M |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| REVENUE | $131M |
| Cost of Revenue | $58M |
| GROSS PROFIT | $72M |
| R&D Expenses | $0 |
| Selling & Marketing | $238.0K |
| General & Administrative | $14M |
| SG&A Expenses | $14M |
| Other Expenses | $7M |
| Operating Expenses | $21M |
| Cost & Expenses | $80M |
| OPERATING INCOME | $51M |
| Interest Income | $127M |
| Interest Expense | $56M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $51M |
| Income Tax Expense | $15M |
| Net Income from Continuing Ops | $36M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $36M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $36M |
| D&A | $412.0K |
| EBIT | $51M |
| EBITDA | $51M |
| EPS | $3 |
| EPS Diluted | $3 |
| Item | Amount |
|---|---|
| Net Income | $36M |
| Depreciation & Amortization | $412.0K |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $5M |
| Change in Working Capital | -$33M |
| OPERATING CASH FLOW | $11M |
| Capital Expenditure | -$162.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$9M |
| Sales/Maturities of Investments | $16M |
| Other Investing Activities | -$134M |
| NET CASH FROM INVESTING | -$127M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$6M |
| Common Dividends Paid | -$9M |
| Other Financing Activities | $151M |
| NET CASH FROM FINANCING | $136M |
| FREE CASH FLOW | $11M |
| Net Change in Cash | $19M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $795M |
| Short-Term Investments | $39.0K |
| Net Receivables | $42M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $837M |
| PP&E (Net) | $35M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $6.4B |
| Tax Assets | $44M |
| Other Non-Current Assets | $103M |
| TOTAL NON-CURRENT ASSETS | $6.6B |
| TOTAL ASSETS | $7.5B |
| Account Payables | $16M |
| Short-Term Debt | $766.0K |
| Deferred Revenue | $0 |
| Other Current Liabilities | $6.2B |
| TOTAL CURRENT LIABILITIES | $6.2B |
| Long-Term Debt | $349M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $67M |
| TOTAL NON-CURRENT LIABILITIES | $447M |
| TOTAL LIABILITIES | $6.7B |
| Common Stock | $211M |
| Additional Paid-In Capital | $103M |
| Retained Earnings | $756M |
| Treasury Stock | -$277M |
| Accum. Other Comp. Income | -$17M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $776M |
| Minority Interest | $0 |
| TOTAL EQUITY | $776M |
| TOTAL LIABILITIES & EQUITY | $7.5B |
| Total Debt | $380M |
| Net Debt | -$416M |
