| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $143M | $139M | $129M | 2.5% | 10.9% |
| Op. Income | $46M | $43M | $37M | 6.4% | 23.3% |
| Gross Margin | 68.3% | 68.6% | 65.0% | -0.3pp | 3.3pp |
| Net Margin | 25.4% | 24.4% | 22.8% | 1.0pp | 2.6pp |
| EPS (Diluted) | $1.23 | $1.15 | $1.00 | 7.0% | 23.0% |
| Free Cash Flow | $35M | $53M | $54M | -34.3% | -34.8% |
| Item | Amount |
|---|---|
| REVENUE | $143M |
| Cost of Revenue | $45M |
| GROSS PROFIT | $98M |
| R&D Expenses | $0 |
| Selling & Marketing | $2M |
| General & Administrative | $35M |
| SG&A Expenses | $37M |
| Other Expenses | $15M |
| Operating Expenses | $52M |
| Cost & Expenses | $97M |
| OPERATING INCOME | $46M |
| Interest Income | $120M |
| Interest Expense | $43M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $46M |
| Income Tax Expense | $9M |
| 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 | $2M |
| EBIT | $46M |
| EBITDA | $48M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $143M |
| Cost of Revenue | $45M |
| GROSS PROFIT | $98M |
| R&D Expenses | $0 |
| Selling & Marketing | $2M |
| General & Administrative | $35M |
| SG&A Expenses | $37M |
| Other Expenses | $15M |
| Operating Expenses | $52M |
| Cost & Expenses | $97M |
| OPERATING INCOME | $46M |
| Interest Income | $120M |
| Interest Expense | $43M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $46M |
| Income Tax Expense | $9M |
| 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 | $2M |
| EBIT | $46M |
| EBITDA | $48M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $36M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $1M |
| Deferred Income Tax | -$1M |
| Other Non-Cash Items | $210.0K |
| Change in Working Capital | $33.0K |
| OPERATING CASH FLOW | $38M |
| Capital Expenditure | -$3M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $293M |
| Other Investing Activities | -$97M |
| NET CASH FROM INVESTING | $192M |
| Net Debt Issuance | -$53M |
| Common Stock Repurchased | -$173.0K |
| Common Dividends Paid | -$9M |
| Other Financing Activities | $137M |
| NET CASH FROM FINANCING | $74M |
| FREE CASH FLOW | $35M |
| Net Change in Cash | $305M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $84M |
| Short-Term Investments | $738M |
| Net Receivables | $52M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $880M |
| PP&E (Net) | $116M |
| Goodwill | $194M |
| Intangible Assets | $24M |
| Long-Term Investments | $7.2B |
| Tax Assets | $46M |
| Other Non-Current Assets | $823M |
| TOTAL NON-CURRENT ASSETS | $8.4B |
| TOTAL ASSETS | $9.3B |
| Account Payables | $2M |
| Short-Term Debt | $80M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $7.6B |
| TOTAL CURRENT LIABILITIES | $7.7B |
| Long-Term Debt | $327M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $214M |
| TOTAL NON-CURRENT LIABILITIES | $540M |
| TOTAL LIABILITIES | $8.3B |
| Common Stock | $59M |
| Additional Paid-In Capital | $402M |
| Retained Earnings | $648M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$68M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.0B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.0B |
| TOTAL LIABILITIES & EQUITY | $9.3B |
| Total Debt | $407M |
| Net Debt | $322M |
