| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $176M | $175M | $124M | 0.7% | 42.1% |
| Op. Income | $73M | $86M | $51M | -14.8% | 43.3% |
| Gross Margin | 93.7% | 70.5% | 65.1% | 23.2pp | 28.6pp |
| Net Margin | 25.8% | 30.7% | 22.6% | -4.9pp | 3.2pp |
| EPS (Diluted) | $0.24 | $0.29 | $0.16 | -17.2% | 50.0% |
| Item | Amount |
|---|---|
| REVENUE | $176M |
| Cost of Revenue | $11M |
| GROSS PROFIT | $165M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $92M |
| Operating Expenses | $92M |
| Cost & Expenses | $103M |
| OPERATING INCOME | $73M |
| Interest Income | $72M |
| Interest Expense | $19M |
| Other Income/Expenses | -$19M |
| INCOME BEFORE TAX | $54M |
| Income Tax Expense | $9M |
| Net Income from Continuing Ops | $46M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $45M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $45M |
| D&A | $3M |
| EBIT | $73M |
| EBITDA | $76M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $176M |
| Cost of Revenue | $11M |
| GROSS PROFIT | $165M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $92M |
| Operating Expenses | $92M |
| Cost & Expenses | $103M |
| OPERATING INCOME | $73M |
| Interest Income | $72M |
| Interest Expense | $19M |
| Other Income/Expenses | -$19M |
| INCOME BEFORE TAX | $54M |
| Income Tax Expense | $9M |
| Net Income from Continuing Ops | $46M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $45M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $45M |
| D&A | $3M |
| EBIT | $73M |
| EBITDA | $76M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Cash & Equivalents | $4.2B |
| Short-Term Investments | $88M |
| Net Receivables | $3.8B |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $8.1B |
| PP&E (Net) | $26M |
| Goodwill | $0 |
| Intangible Assets | $2M |
| Long-Term Investments | $11M |
| Tax Assets | $10M |
| Other Non-Current Assets | $59M |
| TOTAL NON-CURRENT ASSETS | $109M |
| TOTAL ASSETS | $8.2B |
| Account Payables | $0 |
| Short-Term Debt | $118M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $118M |
| Long-Term Debt | $51M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $2M |
| Other Non-Current Liabilities | $7.2B |
| TOTAL NON-CURRENT LIABILITIES | $7.2B |
| TOTAL LIABILITIES | $7.4B |
| Common Stock | $26.8K |
| Additional Paid-In Capital | $634M |
| Retained Earnings | $208M |
| Treasury Stock | -$2M |
| Accum. Other Comp. Income | $25M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $866M |
| Minority Interest | $5M |
| TOTAL EQUITY | $870M |
| TOTAL LIABILITIES & EQUITY | $8.2B |
| Total Debt | $173M |
| Net Debt | -$4.0B |
