| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $4M | $2M | $128.0K | 70.0% | 2719.5% |
| Op. Income | -$22M | -$3M | -$2M | -639.9% | -838.9% |
| Gross Margin | 65.9% | 71.2% | 57.8% | -5.3pp | 8.1pp |
| Net Margin | 2336.8% | -111.9% | -1535.2% | 2448.7pp | 3872.0pp |
| EPS (Diluted) | $2.23 | $-1.79 | $-3.82 | 224.6% | 158.4% |
| Free Cash Flow | -$9M | -$2M | -$2M | -312.4% | -437.3% |
| Item | Amount |
|---|---|
| REVENUE | $4M |
| Cost of Revenue | $1M |
| GROSS PROFIT | $2M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $24M |
| Other Expenses | $0 |
| Operating Expenses | $24M |
| Cost & Expenses | $25M |
| OPERATING INCOME | -$22M |
| Interest Income | $289.0K |
| Interest Expense | $0 |
| Other Income/Expenses | $121M |
| INCOME BEFORE TAX | $99M |
| Income Tax Expense | $14M |
| Net Income from Continuing Ops | $85M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $84M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $83M |
| D&A | $341.0K |
| EBIT | $99M |
| EBITDA | $99M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $85M |
| Depreciation & Amortization | $341.0K |
| Stock-Based Compensation | $15M |
| Deferred Income Tax | $14M |
| Other Non-Cash Items | -$122M |
| Change in Working Capital | -$2M |
| OPERATING CASH FLOW | -$9M |
| Capital Expenditure | -$14.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$295M |
| Sales/Maturities of Investments | $5M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$290M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $348M |
| FREE CASH FLOW | -$9M |
| Net Change in Cash | $49M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $53M |
| Short-Term Investments | $0 |
| Net Receivables | $865.0K |
| Inventory | $0 |
| Other Current Assets | $5M |
| TOTAL CURRENT ASSETS | $58M |
| PP&E (Net) | $0 |
| Goodwill | $5M |
| Intangible Assets | $1M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $597M |
| TOTAL NON-CURRENT ASSETS | $603M |
| TOTAL ASSETS | $662M |
| Account Payables | $4M |
| Short-Term Debt | $143.0K |
| Deferred Revenue | $0 |
| Other Current Liabilities | $4M |
| TOTAL CURRENT LIABILITIES | $8M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $14M |
| Other Non-Current Liabilities | $100.0K |
| TOTAL NON-CURRENT LIABILITIES | $15M |
| TOTAL LIABILITIES | $22M |
| Common Stock | $6.0K |
| Additional Paid-In Capital | $748M |
| Retained Earnings | -$109M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $639M |
| Minority Interest | $352.0K |
| TOTAL EQUITY | $639M |
| TOTAL LIABILITIES & EQUITY | $662M |
| Total Debt | $247.0K |
| Net Debt | -$53M |
