| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $85M | $86M | $82M | -1.2% | 3.6% |
| Op. Income | $19M | $21M | $15M | -8.0% | 26.9% |
| Gross Margin | 62.9% | 64.0% | 59.9% | -1.2pp | 3.0pp |
| Net Margin | 16.9% | 18.0% | 13.6% | -1.1pp | 3.3pp |
| EPS (Diluted) | $0.43 | $0.46 | $0.34 | -6.5% | 26.5% |
| Free Cash Flow | $42M | -$9M | $8M | 554.3% | 396.2% |
| Item | Amount |
|---|---|
| REVENUE | $85M |
| Cost of Revenue | $32M |
| GROSS PROFIT | $53M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $20M |
| SG&A Expenses | $20M |
| Other Expenses | $14M |
| Operating Expenses | $34M |
| Cost & Expenses | $66M |
| OPERATING INCOME | $19M |
| Interest Income | $77M |
| Interest Expense | $29M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $19M |
| Income Tax Expense | $5M |
| Net Income from Continuing Ops | $14M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $14M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $14M |
| D&A | $4M |
| EBIT | $19M |
| EBITDA | $23M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $85M |
| Cost of Revenue | $32M |
| GROSS PROFIT | $53M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $20M |
| SG&A Expenses | $20M |
| Other Expenses | $14M |
| Operating Expenses | $34M |
| Cost & Expenses | $66M |
| OPERATING INCOME | $19M |
| Interest Income | $77M |
| Interest Expense | $29M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $19M |
| Income Tax Expense | $5M |
| Net Income from Continuing Ops | $14M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $14M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $14M |
| D&A | $4M |
| EBIT | $19M |
| EBITDA | $23M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $14M |
| Depreciation & Amortization | $4M |
| Stock-Based Compensation | $387.0K |
| Deferred Income Tax | $326.0K |
| Other Non-Cash Items | $13M |
| Change in Working Capital | $11M |
| OPERATING CASH FLOW | $42M |
| Capital Expenditure | -$586.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$72.0K |
| Sales/Maturities of Investments | $33M |
| Other Investing Activities | -$53M |
| NET CASH FROM INVESTING | -$21M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$4M |
| Other Financing Activities | $214M |
| NET CASH FROM FINANCING | $210M |
| FREE CASH FLOW | $42M |
| Net Change in Cash | $232M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $417M |
| Short-Term Investments | $114M |
| Net Receivables | $20M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $551M |
| PP&E (Net) | $92M |
| Goodwill | $63M |
| Intangible Assets | $37M |
| Long-Term Investments | $5.1B |
| Tax Assets | $30M |
| Other Non-Current Assets | $432M |
| TOTAL NON-CURRENT ASSETS | $5.7B |
| TOTAL ASSETS | $6.3B |
| Account Payables | $0 |
| Short-Term Debt | $508.0K |
| Deferred Revenue | $0 |
| Other Current Liabilities | $5.5B |
| TOTAL CURRENT LIABILITIES | $5.5B |
| Long-Term Debt | $124M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $37M |
| TOTAL NON-CURRENT LIABILITIES | $173M |
| TOTAL LIABILITIES | $5.7B |
| Common Stock | $334.0K |
| Additional Paid-In Capital | $360M |
| Retained Earnings | $222M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$5M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $577M |
| Minority Interest | $0 |
| TOTAL EQUITY | $577M |
| TOTAL LIABILITIES & EQUITY | $6.3B |
| Total Debt | $136M |
| Net Debt | -$281M |
