| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $212M | $212M | $176M | -0.1% | 20.0% |
| Op. Income | $42M | $51M | $37M | -17.7% | 12.8% |
| Gross Margin | 54.0% | 79.7% | 80.0% | -25.7pp | -26.0pp |
| Net Margin | 16.7% | 18.8% | 17.8% | -2.1pp | -1.1pp |
| EPS (Diluted) | $0.54 | $0.60 | $0.47 | -10.0% | 14.9% |
| Free Cash Flow | $38M | $39M | $16M | -3.8% | 137.2% |
| Item | Amount |
|---|---|
| REVENUE | $212M |
| Cost of Revenue | $97M |
| GROSS PROFIT | $114M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $110M |
| SG&A Expenses | $110M |
| Other Expenses | -$38M |
| Operating Expenses | $72M |
| Cost & Expenses | $170M |
| OPERATING INCOME | $42M |
| Interest Income | $8M |
| Interest Expense | $2M |
| Other Income/Expenses | $6M |
| INCOME BEFORE TAX | $48M |
| Income Tax Expense | $13M |
| Net Income from Continuing Ops | $35M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $35M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $35M |
| D&A | $10M |
| EBIT | $50M |
| EBITDA | $59M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $212M |
| Cost of Revenue | $97M |
| GROSS PROFIT | $114M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $110M |
| SG&A Expenses | $110M |
| Other Expenses | -$38M |
| Operating Expenses | $72M |
| Cost & Expenses | $170M |
| OPERATING INCOME | $42M |
| Interest Income | $8M |
| Interest Expense | $2M |
| Other Income/Expenses | $6M |
| INCOME BEFORE TAX | $48M |
| Income Tax Expense | $13M |
| Net Income from Continuing Ops | $35M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $35M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $35M |
| D&A | $10M |
| EBIT | $50M |
| EBITDA | $59M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $35M |
| Depreciation & Amortization | $10M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $4M |
| Other Non-Cash Items | $12M |
| Change in Working Capital | -$20M |
| OPERATING CASH FLOW | $40M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$90M |
| Sales/Maturities of Investments | $68M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$24M |
| Net Debt Issuance | -$1M |
| Common Stock Repurchased | -$54M |
| Common Dividends Paid | -$9M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$65M |
| FREE CASH FLOW | $38M |
| Net Change in Cash | -$48M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $132M |
| Short-Term Investments | $511M |
| Net Receivables | $32M |
| Inventory | $4M |
| Other Current Assets | $208.0K |
| TOTAL CURRENT ASSETS | $697M |
| PP&E (Net) | $137M |
| Goodwill | $266M |
| Intangible Assets | $78M |
| Long-Term Investments | $5M |
| Tax Assets | $82M |
| Other Non-Current Assets | $8M |
| TOTAL NON-CURRENT ASSETS | $575M |
| TOTAL ASSETS | $1.3B |
| Account Payables | $14M |
| Short-Term Debt | $11M |
| Deferred Revenue | $38M |
| Other Current Liabilities | $24M |
| TOTAL CURRENT LIABILITIES | $138M |
| Long-Term Debt | $44M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $24M |
| Other Non-Current Liabilities | $44M |
| TOTAL NON-CURRENT LIABILITIES | $162M |
| TOTAL LIABILITIES | $300M |
| Common Stock | $921.0K |
| Additional Paid-In Capital | $721M |
| Retained Earnings | $718M |
| Treasury Stock | -$469M |
| Accum. Other Comp. Income | $1M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $972M |
| Minority Interest | $0 |
| TOTAL EQUITY | $972M |
| TOTAL LIABILITIES & EQUITY | $1.3B |
| Total Debt | $105M |
| Net Debt | -$27M |
