| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $60M | $61M | $57M | -1.1% | 4.7% |
| Op. Income | $13M | $13M | $5M | -3.9% | 152.1% |
| Gross Margin | 52.9% | 52.6% | 39.6% | 0.2pp | 13.2pp |
| Net Margin | 17.0% | 16.7% | 7.7% | 0.2pp | 9.3pp |
| EPS (Diluted) | $0.59 | $0.59 | $0.25 | 0.0% | 136.0% |
| Free Cash Flow | $12M | $2M | $17M | 566.5% | -32.2% |
| Item | Amount |
|---|---|
| REVENUE | $60M |
| Cost of Revenue | $28M |
| GROSS PROFIT | $32M |
| R&D Expenses | $0 |
| Selling & Marketing | $202.0K |
| General & Administrative | $11M |
| SG&A Expenses | $11M |
| Other Expenses | $8M |
| Operating Expenses | $19M |
| Cost & Expenses | $47M |
| OPERATING INCOME | $13M |
| Interest Income | $57M |
| Interest Expense | $28M |
| 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 | $60M |
| Cost of Revenue | $28M |
| GROSS PROFIT | $32M |
| R&D Expenses | $0 |
| Selling & Marketing | $202.0K |
| General & Administrative | $11M |
| SG&A Expenses | $11M |
| Other Expenses | $8M |
| Operating Expenses | $19M |
| Cost & Expenses | $47M |
| OPERATING INCOME | $13M |
| Interest Income | $57M |
| Interest Expense | $28M |
| 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 |
|---|---|
| Net Income | $10M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $293.0K |
| Deferred Income Tax | -$1M |
| Other Non-Cash Items | $2M |
| Change in Working Capital | -$2M |
| OPERATING CASH FLOW | $12M |
| Capital Expenditure | -$157.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$49M |
| Sales/Maturities of Investments | $49M |
| Other Investing Activities | -$16M |
| NET CASH FROM INVESTING | -$16M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $1.0K |
| Common Dividends Paid | -$3M |
| Other Financing Activities | -$16M |
| NET CASH FROM FINANCING | -$19M |
| FREE CASH FLOW | $12M |
| Net Change in Cash | -$23M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $27M |
| Short-Term Investments | $407M |
| Net Receivables | $0 |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $434M |
| PP&E (Net) | $71M |
| Goodwill | $71M |
| Intangible Assets | $1M |
| Long-Term Investments | $3.3B |
| Tax Assets | $0 |
| Other Non-Current Assets | $359M |
| TOTAL NON-CURRENT ASSETS | $3.8B |
| TOTAL ASSETS | $4.2B |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $3.4B |
| TOTAL CURRENT LIABILITIES | $3.4B |
| Long-Term Debt | $290M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $20M |
| TOTAL NON-CURRENT LIABILITIES | $334M |
| TOTAL LIABILITIES | $3.7B |
| Common Stock | $251M |
| Additional Paid-In Capital | $4M |
| Retained Earnings | $282M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$13M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $523M |
| Minority Interest | $72.0K |
| TOTAL EQUITY | $523M |
| TOTAL LIABILITIES & EQUITY | $4.2B |
| Total Debt | $315M |
| Net Debt | $288M |
