| Metric | Q1 2026 | Q4 2025 | Q1 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $32M | $33M | $24M | -2.9% | 36.4% |
| Op. Income | $13M | $14M | $10M | -5.6% | 31.3% |
| Gross Margin | 88.0% | 84.6% | 90.3% | 3.3pp | -2.3pp |
| Net Margin | 30.2% | 32.9% | 30.3% | -2.7pp | -0.1pp |
| EPS (Diluted) | $1.38 | $1.56 | $1.20 | -11.5% | 15.0% |
| Item | Amount |
|---|---|
| REVENUE | $32M |
| Cost of Revenue | $4M |
| GROSS PROFIT | $28M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $10M |
| SG&A Expenses | $10M |
| Other Expenses | $5M |
| Operating Expenses | $15M |
| Cost & Expenses | $19M |
| OPERATING INCOME | $13M |
| Interest Income | $30M |
| Interest Expense | $4M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $13M |
| Income Tax Expense | $3M |
| Net Income from Continuing Ops | $10M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $10M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $10M |
| D&A | $0 |
| EBIT | $13M |
| EBITDA | $13M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $32M |
| Cost of Revenue | $4M |
| GROSS PROFIT | $28M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $10M |
| SG&A Expenses | $10M |
| Other Expenses | $5M |
| Operating Expenses | $15M |
| Cost & Expenses | $19M |
| OPERATING INCOME | $13M |
| Interest Income | $30M |
| Interest Expense | $4M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $13M |
| Income Tax Expense | $3M |
| Net Income from Continuing Ops | $10M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $10M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $10M |
| D&A | $0 |
| EBIT | $13M |
| EBITDA | $13M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Cash & Equivalents | $63M |
| Short-Term Investments | $470M |
| Net Receivables | $60M |
| Inventory | $0 |
| Other Current Assets | $28M |
| TOTAL CURRENT ASSETS | $621M |
| PP&E (Net) | $24M |
| Goodwill | $24M |
| Intangible Assets | $11M |
| Long-Term Investments | $1.5B |
| Tax Assets | $0 |
| Other Non-Current Assets | $34M |
| TOTAL NON-CURRENT ASSETS | $1.6B |
| TOTAL ASSETS | $2.2B |
| Account Payables | $0 |
| Short-Term Debt | $115M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $1.8B |
| TOTAL CURRENT LIABILITIES | $1.9B |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $29M |
| TOTAL LIABILITIES | $1.9B |
| Common Stock | $75M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $203M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$13M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $265M |
| Minority Interest | $0 |
| TOTAL EQUITY | $265M |
| TOTAL LIABILITIES & EQUITY | $2.2B |
| Total Debt | $144M |
| Net Debt | $81M |
