| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $96M | $96M | $88M | 0.3% | 9.2% |
| Op. Income | $24M | $23M | $18M | 4.1% | 32.6% |
| Gross Margin | 58.6% | 53.8% | 51.0% | 4.8pp | 7.6pp |
| Net Margin | 18.6% | 18.8% | 15.6% | -0.2pp | 3.0pp |
| EPS (Diluted) | $1.02 | $1.03 | $0.72 | -1.0% | 41.7% |
| Free Cash Flow | $5M | $20M | -$4M | -77.4% | 206.6% |
| Item | Amount |
|---|---|
| REVENUE | $96M |
| Cost of Revenue | $40M |
| GROSS PROFIT | $56M |
| R&D Expenses | $0 |
| Selling & Marketing | $733.0K |
| General & Administrative | $21M |
| SG&A Expenses | $22M |
| Other Expenses | $11M |
| Operating Expenses | $33M |
| Cost & Expenses | $73M |
| OPERATING INCOME | $24M |
| Interest Income | $92M |
| Interest Expense | $40M |
| Other Income/Expenses | -$2M |
| INCOME BEFORE TAX | $22M |
| Income Tax Expense | $4M |
| 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 | $24M |
| EBITDA | $25M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $96M |
| Cost of Revenue | $40M |
| GROSS PROFIT | $56M |
| R&D Expenses | $0 |
| Selling & Marketing | $733.0K |
| General & Administrative | $21M |
| SG&A Expenses | $22M |
| Other Expenses | $11M |
| Operating Expenses | $33M |
| Cost & Expenses | $73M |
| OPERATING INCOME | $24M |
| Interest Income | $92M |
| Interest Expense | $40M |
| Other Income/Expenses | -$2M |
| INCOME BEFORE TAX | $22M |
| Income Tax Expense | $4M |
| 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 | $24M |
| EBITDA | $25M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $18M |
| Depreciation & Amortization | $3M |
| Stock-Based Compensation | $450.0K |
| Deferred Income Tax | $526.0K |
| Other Non-Cash Items | -$11M |
| Change in Working Capital | -$6M |
| OPERATING CASH FLOW | $6M |
| Capital Expenditure | -$1M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$59M |
| Sales/Maturities of Investments | $110M |
| Other Investing Activities | -$256M |
| NET CASH FROM INVESTING | -$205M |
| Net Debt Issuance | $5M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $254M |
| NET CASH FROM FINANCING | $258M |
| FREE CASH FLOW | $5M |
| Net Change in Cash | $58M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $175M |
| Short-Term Investments | $224M |
| Net Receivables | $29M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $429M |
| PP&E (Net) | $42M |
| Goodwill | $19M |
| Intangible Assets | $0 |
| Long-Term Investments | $4.7B |
| Tax Assets | $6M |
| Other Non-Current Assets | $141M |
| TOTAL NON-CURRENT ASSETS | $4.9B |
| TOTAL ASSETS | $5.3B |
| Account Payables | $6M |
| Short-Term Debt | $38M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $4.6B |
| TOTAL CURRENT LIABILITIES | $4.7B |
| Long-Term Debt | $81M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $40M |
| TOTAL NON-CURRENT LIABILITIES | $139M |
| TOTAL LIABILITIES | $4.8B |
| Common Stock | $14M |
| Additional Paid-In Capital | $324M |
| Retained Earnings | $183M |
| Treasury Stock | -$1M |
| Accum. Other Comp. Income | $11M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $531M |
| Minority Interest | $0 |
| TOTAL EQUITY | $531M |
| TOTAL LIABILITIES & EQUITY | $5.3B |
| Total Debt | $137M |
| Net Debt | -$38M |
