| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $96M | $91M | $85M | 5.8% | 13.1% |
| Op. Income | $23M | $21M | $16M | 8.5% | 40.4% |
| Gross Margin | 53.8% | 54.4% | 48.9% | -0.6pp | 4.9pp |
| Net Margin | 18.8% | 18.4% | 15.0% | 0.4pp | 3.8pp |
| EPS (Diluted) | $1.03 | $0.89 | $0.67 | 15.7% | 53.7% |
| Free Cash Flow | $20M | $14M | $22M | 46.2% | -9.2% |
| Item | Amount |
|---|---|
| REVENUE | $96M |
| Cost of Revenue | $44M |
| GROSS PROFIT | $52M |
| R&D Expenses | $0 |
| Selling & Marketing | $499.0K |
| General & Administrative | $20M |
| SG&A Expenses | $20M |
| Other Expenses | $9M |
| Operating Expenses | $29M |
| Cost & Expenses | $73M |
| OPERATING INCOME | $23M |
| Interest Income | $93M |
| Interest Expense | $42M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $23M |
| Income Tax Expense | $5M |
| Net Income from Continuing Ops | $18M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $18M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $17M |
| D&A | $1M |
| EBIT | $23M |
| EBITDA | $24M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $96M |
| Cost of Revenue | $44M |
| GROSS PROFIT | $52M |
| R&D Expenses | $0 |
| Selling & Marketing | $499.0K |
| General & Administrative | $20M |
| SG&A Expenses | $20M |
| Other Expenses | $9M |
| Operating Expenses | $29M |
| Cost & Expenses | $73M |
| OPERATING INCOME | $23M |
| Interest Income | $93M |
| Interest Expense | $42M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $23M |
| Income Tax Expense | $5M |
| Net Income from Continuing Ops | $18M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $18M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $17M |
| D&A | $1M |
| EBIT | $23M |
| EBITDA | $24M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $18M |
| Depreciation & Amortization | $1M |
| Stock-Based Compensation | $420.0K |
| Deferred Income Tax | $2M |
| Other Non-Cash Items | -$2M |
| Change in Working Capital | $2M |
| OPERATING CASH FLOW | $21M |
| Capital Expenditure | -$832.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$5.1B |
| Sales/Maturities of Investments | $5.1B |
| Other Investing Activities | -$83M |
| NET CASH FROM INVESTING | -$110M |
| Net Debt Issuance | $2M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $92M |
| NET CASH FROM FINANCING | $93M |
| FREE CASH FLOW | $20M |
| Net Change in Cash | $4M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $117M |
| Short-Term Investments | $383M |
| Net Receivables | $30M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $530M |
| PP&E (Net) | $42M |
| Goodwill | $0 |
| Intangible Assets | $19M |
| Long-Term Investments | $4.4B |
| Tax Assets | $7M |
| Other Non-Current Assets | $113M |
| TOTAL NON-CURRENT ASSETS | $4.5B |
| TOTAL ASSETS | $5.1B |
| Account Payables | $7M |
| Short-Term Debt | $33M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $4.4B |
| TOTAL CURRENT LIABILITIES | $4.4B |
| Long-Term Debt | $81M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $36M |
| TOTAL NON-CURRENT LIABILITIES | $135M |
| TOTAL LIABILITIES | $4.5B |
| Common Stock | $14M |
| Additional Paid-In Capital | $323M |
| Retained Earnings | $167M |
| Treasury Stock | -$1M |
| Accum. Other Comp. Income | $11M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $514M |
| Minority Interest | $0 |
| TOTAL EQUITY | $514M |
| TOTAL LIABILITIES & EQUITY | $5.1B |
| Total Debt | $133M |
| Net Debt | $16M |
