| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $71M | $69M | $66M | 2.0% | 7.2% |
| Op. Income | $21M | $20M | $17M | 8.1% | 26.1% |
| Gross Margin | 67.2% | 66.3% | 65.3% | 1.0pp | 1.9pp |
| Net Margin | 23.0% | 21.7% | 19.5% | 1.3pp | 3.5pp |
| EPS (Diluted) | $0.86 | $0.79 | $0.68 | 8.9% | 26.5% |
| Free Cash Flow | $10M | $25M | $16M | -59.9% | -35.8% |
| Item | Amount |
|---|---|
| REVENUE | $71M |
| Cost of Revenue | $23M |
| GROSS PROFIT | $48M |
| R&D Expenses | $0 |
| Selling & Marketing | $290.0K |
| General & Administrative | $14M |
| SG&A Expenses | $14M |
| Other Expenses | $12M |
| Operating Expenses | $26M |
| Cost & Expenses | $49M |
| OPERATING INCOME | $21M |
| Interest Income | $66M |
| Interest Expense | $23M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $21M |
| Income Tax Expense | $5M |
| Net Income from Continuing Ops | $16M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $16M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $16M |
| D&A | $3M |
| EBIT | $21M |
| EBITDA | $24M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $71M |
| Cost of Revenue | $23M |
| GROSS PROFIT | $48M |
| R&D Expenses | $0 |
| Selling & Marketing | $290.0K |
| General & Administrative | $14M |
| SG&A Expenses | $14M |
| Other Expenses | $12M |
| Operating Expenses | $26M |
| Cost & Expenses | $49M |
| OPERATING INCOME | $21M |
| Interest Income | $66M |
| Interest Expense | $23M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $21M |
| Income Tax Expense | $5M |
| Net Income from Continuing Ops | $16M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $16M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $16M |
| D&A | $3M |
| EBIT | $21M |
| EBITDA | $24M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $16M |
| Depreciation & Amortization | $3M |
| Stock-Based Compensation | $309.0K |
| Deferred Income Tax | $497.0K |
| Other Non-Cash Items | $453.0K |
| Change in Working Capital | -$8M |
| OPERATING CASH FLOW | $13M |
| Capital Expenditure | -$3M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$21M |
| Sales/Maturities of Investments | $40M |
| Other Investing Activities | -$35M |
| NET CASH FROM INVESTING | -$19M |
| Net Debt Issuance | $15M |
| Common Stock Repurchased | -$12M |
| Common Dividends Paid | -$7M |
| Other Financing Activities | -$9M |
| NET CASH FROM FINANCING | -$12M |
| FREE CASH FLOW | $10M |
| Net Change in Cash | -$18M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $42M |
| Short-Term Investments | $252M |
| Net Receivables | $0 |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $294M |
| PP&E (Net) | $75M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $5.2B |
| Tax Assets | $0 |
| Other Non-Current Assets | $768M |
| TOTAL NON-CURRENT ASSETS | $6.1B |
| TOTAL ASSETS | $6.3B |
| Account Payables | $0 |
| Short-Term Debt | $98M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $5.5B |
| TOTAL CURRENT LIABILITIES | $5.6B |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $40M |
| TOTAL NON-CURRENT LIABILITIES | $78M |
| TOTAL LIABILITIES | $5.7B |
| Common Stock | $20M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $471M |
| Treasury Stock | -$62M |
| Accum. Other Comp. Income | $263M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $692M |
| Minority Interest | $0 |
| TOTAL EQUITY | $692M |
| TOTAL LIABILITIES & EQUITY | $6.3B |
| Total Debt | $136M |
| Net Debt | $94M |
