| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $137M | $136M | $131M | 0.9% | 4.5% |
| Op. Income | $50M | $46M | $39M | 6.7% | 27.5% |
| Gross Margin | 79.7% | 77.1% | 73.8% | 2.5pp | 5.9pp |
| Net Margin | 24.5% | 25.0% | 22.1% | -0.5pp | 2.4pp |
| EPS (Diluted) | $1.03 | $1.04 | $0.88 | -1.0% | 17.0% |
| Free Cash Flow | $30M | $43M | $23M | -30.4% | 31.1% |
| Item | Amount |
|---|---|
| REVENUE | $137M |
| Cost of Revenue | $28M |
| GROSS PROFIT | $109M |
| R&D Expenses | $0 |
| Selling & Marketing | $964.0K |
| General & Administrative | $50M |
| SG&A Expenses | $51M |
| Other Expenses | $9M |
| Operating Expenses | $60M |
| Cost & Expenses | $88M |
| OPERATING INCOME | $50M |
| Interest Income | $120M |
| Interest Expense | $28M |
| Other Income/Expenses | -$3M |
| INCOME BEFORE TAX | $47M |
| Income Tax Expense | $13M |
| Net Income from Continuing Ops | $34M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $34M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $34M |
| D&A | $3M |
| EBIT | $50M |
| EBITDA | $53M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $137M |
| Cost of Revenue | $28M |
| GROSS PROFIT | $109M |
| R&D Expenses | $0 |
| Selling & Marketing | $964.0K |
| General & Administrative | $50M |
| SG&A Expenses | $51M |
| Other Expenses | $9M |
| Operating Expenses | $60M |
| Cost & Expenses | $88M |
| OPERATING INCOME | $50M |
| Interest Income | $120M |
| Interest Expense | $28M |
| Other Income/Expenses | -$3M |
| INCOME BEFORE TAX | $47M |
| Income Tax Expense | $13M |
| Net Income from Continuing Ops | $34M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $34M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $34M |
| D&A | $3M |
| EBIT | $50M |
| EBITDA | $53M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $34M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $21M |
| Change in Working Capital | -$20M |
| OPERATING CASH FLOW | $34M |
| Capital Expenditure | -$4M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$79M |
| NET CASH FROM INVESTING | -$79M |
| Net Debt Issuance | -$5M |
| Common Stock Repurchased | -$10M |
| Common Dividends Paid | -$12M |
| Other Financing Activities | -$71M |
| NET CASH FROM FINANCING | -$97M |
| FREE CASH FLOW | $30M |
| Net Change in Cash | -$142M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $157M |
| Short-Term Investments | $57.0K |
| Net Receivables | $34M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $191M |
| PP&E (Net) | $123M |
| Goodwill | $304M |
| Intangible Assets | $4M |
| Long-Term Investments | $8.8B |
| Tax Assets | $0 |
| Other Non-Current Assets | $370M |
| TOTAL NON-CURRENT ASSETS | $9.6B |
| TOTAL ASSETS | $9.8B |
| Account Payables | $9M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $8.3B |
| TOTAL CURRENT LIABILITIES | $8.3B |
| Long-Term Debt | $53M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $141M |
| TOTAL NON-CURRENT LIABILITIES | $221M |
| TOTAL LIABILITIES | $8.5B |
| Common Stock | $682M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $740M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$95M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.3B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.3B |
| TOTAL LIABILITIES & EQUITY | $9.8B |
| Total Debt | $80M |
| Net Debt | -$77M |
