| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $227M | $218M | $208M | 4.0% | 9.0% |
| Op. Income | $47M | $55M | $39M | -15.1% | 19.6% |
| Gross Margin | 65.7% | 67.4% | 59.6% | -1.7pp | 6.1pp |
| Net Margin | 16.1% | 19.6% | 14.8% | -3.5pp | 1.3pp |
| EPS (Diluted) | $0.42 | $0.50 | $0.36 | -16.0% | 16.7% |
| Free Cash Flow | $28M | $71M | $52M | -60.9% | -47.2% |
| Item | Amount |
|---|---|
| REVENUE | $227M |
| Cost of Revenue | $78M |
| GROSS PROFIT | $149M |
| R&D Expenses | $0 |
| Selling & Marketing | $3M |
| General & Administrative | $56M |
| SG&A Expenses | $59M |
| Other Expenses | $43M |
| Operating Expenses | $102M |
| Cost & Expenses | $180M |
| OPERATING INCOME | $47M |
| Interest Income | $203M |
| Interest Expense | $69M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $47M |
| Income Tax Expense | $10M |
| Net Income from Continuing Ops | $36M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $36M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $36M |
| D&A | $6M |
| EBIT | $47M |
| EBITDA | $52M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $227M |
| Cost of Revenue | $78M |
| GROSS PROFIT | $149M |
| R&D Expenses | $0 |
| Selling & Marketing | $3M |
| General & Administrative | $56M |
| SG&A Expenses | $59M |
| Other Expenses | $43M |
| Operating Expenses | $102M |
| Cost & Expenses | $180M |
| OPERATING INCOME | $47M |
| Interest Income | $203M |
| Interest Expense | $69M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $47M |
| Income Tax Expense | $10M |
| Net Income from Continuing Ops | $36M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $36M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $36M |
| D&A | $6M |
| EBIT | $47M |
| EBITDA | $52M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $36M |
| Depreciation & Amortization | $6M |
| Stock-Based Compensation | $4M |
| Deferred Income Tax | $4M |
| Other Non-Cash Items | $5M |
| Change in Working Capital | -$26M |
| OPERATING CASH FLOW | $30M |
| Capital Expenditure | -$3M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$377M |
| Sales/Maturities of Investments | $441M |
| Other Investing Activities | -$14M |
| NET CASH FROM INVESTING | $46M |
| Net Debt Issuance | -$25M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$16M |
| Other Financing Activities | -$62M |
| NET CASH FROM FINANCING | -$103M |
| FREE CASH FLOW | $28M |
| Net Change in Cash | -$26M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $337M |
| Short-Term Investments | $3.2B |
| Net Receivables | $0 |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $3.5B |
| PP&E (Net) | $115M |
| Goodwill | $755M |
| Intangible Assets | $76M |
| Long-Term Investments | $11.5B |
| Tax Assets | $75M |
| Other Non-Current Assets | $681M |
| TOTAL NON-CURRENT ASSETS | $13.2B |
| TOTAL ASSETS | $16.7B |
| Account Payables | $0 |
| Short-Term Debt | $236M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $13.1B |
| TOTAL CURRENT LIABILITIES | $13.3B |
| Long-Term Debt | $797M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $175M |
| TOTAL NON-CURRENT LIABILITIES | $972M |
| TOTAL LIABILITIES | $14.3B |
| Common Stock | $9M |
| Additional Paid-In Capital | $1.9B |
| Retained Earnings | $590M |
| Treasury Stock | -$21M |
| Accum. Other Comp. Income | -$91M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.4B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.4B |
| TOTAL LIABILITIES & EQUITY | $16.7B |
| Total Debt | $1.0B |
| Net Debt | $697M |
