| Metric | Q1 2026 | Q4 2025 | Q1 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $34M | $58M | $53M | -41.3% | -35.9% |
| Op. Income | $12M | $13M | $7M | -2.2% | 80.6% |
| Gross Margin | 96.2% | 54.1% | 48.8% | 42.0pp | 47.4pp |
| Net Margin | 29.3% | 17.1% | 10.0% | 12.1pp | 19.3pp |
| EPS (Diluted) | $1.20 | $1.21 | $0.65 | -0.8% | 84.6% |
| Item | Amount |
|---|---|
| REVENUE | $34M |
| Cost of Revenue | $1M |
| GROSS PROFIT | $32M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $14M |
| SG&A Expenses | $14M |
| Other Expenses | $6M |
| Operating Expenses | $20M |
| Cost & Expenses | $21M |
| OPERATING INCOME | $12M |
| Interest Income | $55M |
| Interest Expense | $24M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $12M |
| 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 | $12M |
| EBITDA | $12M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $34M |
| Cost of Revenue | $1M |
| GROSS PROFIT | $32M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $14M |
| SG&A Expenses | $14M |
| Other Expenses | $6M |
| Operating Expenses | $20M |
| Cost & Expenses | $21M |
| OPERATING INCOME | $12M |
| Interest Income | $55M |
| Interest Expense | $24M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $12M |
| 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 | $12M |
| EBITDA | $12M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Cash & Equivalents | $33M |
| Short-Term Investments | $0 |
| Net Receivables | $0 |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $33M |
| PP&E (Net) | $89M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $4.4B |
| Tax Assets | $14M |
| Other Non-Current Assets | $76M |
| TOTAL NON-CURRENT ASSETS | $4.5B |
| TOTAL ASSETS | $4.6B |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $0 |
| Long-Term Debt | $265M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $3.9B |
| TOTAL NON-CURRENT LIABILITIES | $4.2B |
| TOTAL LIABILITIES | $4.2B |
| Common Stock | $82.0K |
| Additional Paid-In Capital | $127M |
| Retained Earnings | $261M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$9M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $379M |
| Minority Interest | $0 |
| TOTAL EQUITY | $379M |
| TOTAL LIABILITIES & EQUITY | $4.6B |
| Total Debt | $265M |
| Net Debt | $232M |
