| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $121M | $93M | — | 29.2% | — |
| Op. Income | $77M | $57M | — | 35.4% | — |
| Gross Margin | 72.8% | 88.5% | — | -15.7pp | — |
| Net Margin | 64.6% | 66.3% | — | -1.6pp | — |
| EPS (Diluted) | $0.38 | $0.30 | — | 26.7% | — |
| Free Cash Flow | $90M | -$70M | — | 229.4% | — |
| Item | Amount |
|---|---|
| REVENUE | $121M |
| Cost of Revenue | $33M |
| GROSS PROFIT | $88M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $11M |
| Other Expenses | $0 |
| Operating Expenses | $11M |
| Cost & Expenses | $44M |
| OPERATING INCOME | $77M |
| Interest Income | $0 |
| Interest Expense | $583.8K |
| Other Income/Expenses | $15M |
| INCOME BEFORE TAX | $92M |
| Income Tax Expense | $14M |
| Net Income from Continuing Ops | $78M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $78M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $78M |
| D&A | $20M |
| EBIT | $77M |
| EBITDA | $96M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $121M |
| Cost of Revenue | $33M |
| GROSS PROFIT | $88M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $11M |
| Other Expenses | $0 |
| Operating Expenses | $11M |
| Cost & Expenses | $44M |
| OPERATING INCOME | $77M |
| Interest Income | $0 |
| Interest Expense | $583.8K |
| Other Income/Expenses | $15M |
| INCOME BEFORE TAX | $92M |
| Income Tax Expense | $14M |
| Net Income from Continuing Ops | $78M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $78M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $78M |
| D&A | $20M |
| EBIT | $77M |
| EBITDA | $96M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $78M |
| Depreciation & Amortization | $20M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$10M |
| Change in Working Capital | $2M |
| OPERATING CASH FLOW | $90M |
| Capital Expenditure | -$46.5K |
| Acquisitions (Net) | -$1.4K |
| Purchases of Investments | -$363.1K |
| Sales/Maturities of Investments | $223.6K |
| Other Investing Activities | -$3.1K |
| NET CASH FROM INVESTING | -$190.5K |
| Net Debt Issuance | -$13M |
| Common Stock Repurchased | -$1M |
| Common Dividends Paid | -$12M |
| Other Financing Activities | -$101.5K |
| NET CASH FROM FINANCING | -$26M |
| FREE CASH FLOW | $90M |
| Net Change in Cash | $20M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $29M |
| Short-Term Investments | $93M |
| Net Receivables | $25M |
| Inventory | $5M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $153M |
| PP&E (Net) | $1.9B |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $57M |
| Tax Assets | $6M |
| Other Non-Current Assets | $3M |
| TOTAL NON-CURRENT ASSETS | $2.0B |
| TOTAL ASSETS | $2.1B |
| Account Payables | $35M |
| Short-Term Debt | $378.3K |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $39M |
| Long-Term Debt | $1M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $20M |
| Other Non-Current Liabilities | $7M |
| TOTAL NON-CURRENT LIABILITIES | $29M |
| TOTAL LIABILITIES | $68M |
| Common Stock | $1.9B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $165M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $15M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.0B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.0B |
| TOTAL LIABILITIES & EQUITY | $2.1B |
| Total Debt | $3M |
| Net Debt | -$26M |
