| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $118M | $118M | $117M | -0.2% | 1.2% |
| Op. Income | $38M | $40M | $34M | -6.5% | 11.6% |
| Gross Margin | 76.1% | 76.5% | 69.3% | -0.4pp | 6.8pp |
| Net Margin | 25.2% | 26.6% | 22.7% | -1.4pp | 2.4pp |
| EPS (Diluted) | $1.52 | $1.59 | $1.34 | -4.4% | 13.4% |
| Free Cash Flow | $31M | $5M | $50M | 496.0% | -38.1% |
| Item | Amount |
|---|---|
| REVENUE | $118M |
| Cost of Revenue | $28M |
| GROSS PROFIT | $90M |
| R&D Expenses | $0 |
| Selling & Marketing | $3M |
| General & Administrative | $32M |
| SG&A Expenses | $34M |
| Other Expenses | $18M |
| Operating Expenses | $52M |
| Cost & Expenses | $80M |
| OPERATING INCOME | $38M |
| Interest Income | $103M |
| Interest Expense | $26M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $38M |
| Income Tax Expense | $8M |
| Net Income from Continuing Ops | $30M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $30M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $30M |
| D&A | $4M |
| EBIT | $38M |
| EBITDA | $41M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $118M |
| Cost of Revenue | $28M |
| GROSS PROFIT | $90M |
| R&D Expenses | $0 |
| Selling & Marketing | $3M |
| General & Administrative | $32M |
| SG&A Expenses | $34M |
| Other Expenses | $18M |
| Operating Expenses | $52M |
| Cost & Expenses | $80M |
| OPERATING INCOME | $38M |
| Interest Income | $103M |
| Interest Expense | $26M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $38M |
| Income Tax Expense | $8M |
| Net Income from Continuing Ops | $30M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $30M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $30M |
| D&A | $4M |
| EBIT | $38M |
| EBITDA | $41M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $30M |
| Depreciation & Amortization | $4M |
| Stock-Based Compensation | $728.0K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$7M |
| Change in Working Capital | $6M |
| OPERATING CASH FLOW | $33M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$336M |
| Sales/Maturities of Investments | $184M |
| Other Investing Activities | $102M |
| NET CASH FROM INVESTING | -$54M |
| Net Debt Issuance | $5M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$9M |
| Other Financing Activities | $24M |
| NET CASH FROM FINANCING | $20M |
| FREE CASH FLOW | $31M |
| Net Change in Cash | -$570.0K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $484M |
| Short-Term Investments | $585M |
| Net Receivables | $96M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $1.2B |
| PP&E (Net) | $71M |
| Goodwill | $41M |
| Intangible Assets | $0 |
| Long-Term Investments | $5.4B |
| Tax Assets | $0 |
| Other Non-Current Assets | $329M |
| TOTAL NON-CURRENT ASSETS | $5.8B |
| TOTAL ASSETS | $7.0B |
| Account Payables | $0 |
| Short-Term Debt | $75M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $5.3B |
| TOTAL CURRENT LIABILITIES | $5.4B |
| Long-Term Debt | $375M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $109M |
| TOTAL NON-CURRENT LIABILITIES | $518M |
| TOTAL LIABILITIES | $5.9B |
| Common Stock | $5M |
| Additional Paid-In Capital | $155M |
| Retained Earnings | $932M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$7M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.1B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.1B |
| TOTAL LIABILITIES & EQUITY | $7.0B |
| Total Debt | $483M |
| Net Debt | -$883.0K |
