| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $150M | $148M | $158M | 1.3% | -4.9% |
| Op. Income | $32M | $33M | $43M | -2.6% | -24.7% |
| Gross Margin | 70.0% | 69.4% | 72.0% | 0.6pp | -2.0pp |
| Net Margin | 17.1% | 17.7% | 21.4% | -0.7pp | -4.4pp |
| EPS (Diluted) | $0.50 | $0.51 | $0.63 | -2.0% | -20.6% |
| Free Cash Flow | $63M | $27M | $58M | 137.0% | 9.0% |
| Item | Amount |
|---|---|
| REVENUE | $150M |
| Cost of Revenue | $45M |
| GROSS PROFIT | $105M |
| R&D Expenses | $0 |
| Selling & Marketing | $1M |
| General & Administrative | $56M |
| SG&A Expenses | $57M |
| Other Expenses | $16M |
| Operating Expenses | $73M |
| Cost & Expenses | $118M |
| OPERATING INCOME | $32M |
| Interest Income | $145M |
| Interest Expense | $45M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $32M |
| Income Tax Expense | $7M |
| Net Income from Continuing Ops | $26M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $26M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $26M |
| D&A | $8M |
| EBIT | $32M |
| EBITDA | $40M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $150M |
| Cost of Revenue | $45M |
| GROSS PROFIT | $105M |
| R&D Expenses | $0 |
| Selling & Marketing | $1M |
| General & Administrative | $56M |
| SG&A Expenses | $57M |
| Other Expenses | $16M |
| Operating Expenses | $73M |
| Cost & Expenses | $118M |
| OPERATING INCOME | $32M |
| Interest Income | $145M |
| Interest Expense | $45M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $32M |
| Income Tax Expense | $7M |
| Net Income from Continuing Ops | $26M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $26M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $26M |
| D&A | $8M |
| EBIT | $32M |
| EBITDA | $40M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $26M |
| Depreciation & Amortization | $9M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | -$764.0K |
| Other Non-Cash Items | $64M |
| Change in Working Capital | -$37M |
| OPERATING CASH FLOW | $64M |
| Capital Expenditure | -$770.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$1.8B |
| Sales/Maturities of Investments | $1.7B |
| Other Investing Activities | $96M |
| NET CASH FROM INVESTING | $25M |
| Net Debt Issuance | -$70M |
| Common Stock Repurchased | -$39M |
| Common Dividends Paid | -$5M |
| Other Financing Activities | $177M |
| NET CASH FROM FINANCING | $62M |
| FREE CASH FLOW | $63M |
| Net Change in Cash | $150M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $728M |
| Short-Term Investments | $1.8B |
| Net Receivables | $35M |
| Inventory | $0 |
| Other Current Assets | -$629M |
| TOTAL CURRENT ASSETS | $2.0B |
| PP&E (Net) | $108M |
| Goodwill | $497M |
| Intangible Assets | $76M |
| Long-Term Investments | $7.4B |
| Tax Assets | $0 |
| Other Non-Current Assets | -$7.4B |
| TOTAL NON-CURRENT ASSETS | $681M |
| TOTAL ASSETS | $10.6B |
| Account Payables | $9M |
| Short-Term Debt | $1M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $77M |
| TOTAL CURRENT LIABILITIES | $87M |
| Long-Term Debt | $70M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $78M |
| TOTAL NON-CURRENT LIABILITIES | $70M |
| TOTAL LIABILITIES | $9.0B |
| Common Stock | $512.0K |
| Additional Paid-In Capital | $1.2B |
| Retained Earnings | $548M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$78M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.7B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.7B |
| TOTAL LIABILITIES & EQUITY | $10.6B |
| Total Debt | $70M |
| Net Debt | -$658M |
