| Metric | Q1 2026 | Q4 2025 | Q1 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $82M | $116M | $104M | -28.7% | -20.8% |
| Op. Income | $0 | $17M | $10M | -100.0% | -100.0% |
| Net Margin | 17.2% | 10.5% | 7.3% | 6.6pp | 9.9pp |
| EPS (Diluted) | $0.80 | $0.69 | $0.43 | 15.9% | 86.0% |
| Item | Amount |
|---|---|
| REVENUE | $82M |
| Cost of Revenue | $0 |
| GROSS PROFIT | $0 |
| R&D Expenses | $0 |
| Selling & Marketing | $267.0K |
| General & Administrative | $2M |
| SG&A Expenses | $2M |
| Other Expenses | $54M |
| Operating Expenses | $55M |
| Cost & Expenses | $0 |
| OPERATING INCOME | $0 |
| Interest Income | $95M |
| Interest Expense | $35M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $27M |
| Income Tax Expense | $6M |
| Net Income from Continuing Ops | $14M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $14M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $14M |
| D&A | $0 |
| EBIT | $0 |
| EBITDA | $0 |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Cash & Equivalents | $9M |
| Short-Term Investments | $710M |
| Net Receivables | $33M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $752M |
| PP&E (Net) | $78M |
| Goodwill | $44M |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $0 |
| TOTAL NON-CURRENT ASSETS | $122M |
| TOTAL ASSETS | $7.7B |
| Account Payables | $0 |
| Short-Term Debt | $106M |
| Deferred Revenue | $6.8B |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $6.9B |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $67M |
| TOTAL NON-CURRENT LIABILITIES | $67M |
| TOTAL LIABILITIES | $7.0B |
| Common Stock | $0 |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $0 |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $699M |
| TOTAL STOCKHOLDERS' EQUITY | $699M |
| Minority Interest | $0 |
| TOTAL EQUITY | $699M |
| TOTAL LIABILITIES & EQUITY | $7.7B |
| Total Debt | $106M |
| Net Debt | $97M |
