| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $198M | $193M | $191M | 2.8% | 3.8% |
| Op. Income | $27M | $27M | $25M | 3.1% | 8.4% |
| Gross Margin | 40.6% | 40.2% | 39.8% | 0.4pp | 0.8pp |
| Net Margin | 10.8% | 10.9% | 10.4% | -0.1pp | 0.4pp |
| EPS (Diluted) | $0.08 | $0.07 | $0.07 | 2.3% | 8.0% |
| Free Cash Flow | $25M | $14M | $96M | 75.3% | -73.9% |
| Item | Amount |
|---|---|
| REVENUE | $198M |
| Cost of Revenue | $118M |
| GROSS PROFIT | $81M |
| R&D Expenses | $0 |
| Selling & Marketing | $6M |
| General & Administrative | $31M |
| SG&A Expenses | $37M |
| Other Expenses | $16M |
| Operating Expenses | $53M |
| Cost & Expenses | $171M |
| OPERATING INCOME | $27M |
| Interest Income | $191M |
| Interest Expense | $116M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $27M |
| Income Tax Expense | $6M |
| Net Income from Continuing Ops | $22M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $22M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $21M |
| D&A | $6M |
| EBIT | $27M |
| EBITDA | $33M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $198M |
| Cost of Revenue | $118M |
| GROSS PROFIT | $81M |
| R&D Expenses | $0 |
| Selling & Marketing | $6M |
| General & Administrative | $31M |
| SG&A Expenses | $37M |
| Other Expenses | $16M |
| Operating Expenses | $53M |
| Cost & Expenses | $171M |
| OPERATING INCOME | $27M |
| Interest Income | $191M |
| Interest Expense | $116M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $27M |
| Income Tax Expense | $6M |
| Net Income from Continuing Ops | $22M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $22M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $21M |
| D&A | $6M |
| EBIT | $27M |
| EBITDA | $33M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $22M |
| Depreciation & Amortization | $6M |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | $8.0K |
| Other Non-Cash Items | -$7M |
| Change in Working Capital | $4M |
| OPERATING CASH FLOW | $27M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$14M |
| Sales/Maturities of Investments | $27M |
| Other Investing Activities | -$274M |
| NET CASH FROM INVESTING | -$264M |
| Net Debt Issuance | $299M |
| Common Stock Repurchased | -$744.0K |
| Common Dividends Paid | -$15M |
| Other Financing Activities | -$57M |
| NET CASH FROM FINANCING | $226M |
| FREE CASH FLOW | $25M |
| Net Change in Cash | -$11M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $453M |
| Short-Term Investments | $50M |
| Net Receivables | $60M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $563M |
| PP&E (Net) | $39M |
| Goodwill | $0 |
| Intangible Assets | $8M |
| Long-Term Investments | $16.1B |
| Tax Assets | $0 |
| Other Non-Current Assets | $664M |
| TOTAL NON-CURRENT ASSETS | $16.8B |
| TOTAL ASSETS | $17.4B |
| Account Payables | $15M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $10.3B |
| TOTAL CURRENT LIABILITIES | $10.3B |
| Long-Term Debt | $4.9B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $233M |
| TOTAL NON-CURRENT LIABILITIES | $5.1B |
| TOTAL LIABILITIES | $15.5B |
| Common Stock | $3M |
| Additional Paid-In Capital | $1.8B |
| Retained Earnings | $936M |
| Treasury Stock | -$772M |
| Accum. Other Comp. Income | -$16M |
| Other Equity | -$20M |
| TOTAL STOCKHOLDERS' EQUITY | $1.9B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.9B |
| TOTAL LIABILITIES & EQUITY | $17.4B |
| Total Debt | $4.9B |
| Net Debt | $4.5B |
