| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $49.7K | — | $7M | — | -99.3% |
| Op. Income | $44M | — | $3M | — | 1269.4% |
| Gross Margin | 76987.1% | — | 100.0% | — | 76887.1pp |
| Net Margin | 141325.6% | — | 1921.0% | — | 139404.6pp |
| EPS (Diluted) | $3.89 | — | $13.04 | — | -70.2% |
| Free Cash Flow | $17M | — | $5M | — | 218.3% |
| Item | Amount |
|---|---|
| REVENUE | $49.7K |
| Cost of Revenue | $6M |
| GROSS PROFIT | $38M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $9M |
| SG&A Expenses | $9M |
| Other Expenses | -$60M |
| Operating Expenses | -$51M |
| Cost & Expenses | -$44M |
| OPERATING INCOME | $44M |
| Interest Income | $14M |
| Interest Expense | $5M |
| Other Income/Expenses | $40M |
| INCOME BEFORE TAX | $84M |
| Income Tax Expense | $14M |
| Net Income from Continuing Ops | $70M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $70M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $70M |
| D&A | -$5M |
| EBIT | $89M |
| EBITDA | $89M |
| EPS | $4 |
| EPS Diluted | $4 |
| Item | Amount |
|---|---|
| REVENUE | $49.7K |
| Cost of Revenue | $6M |
| GROSS PROFIT | $38M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $9M |
| SG&A Expenses | $9M |
| Other Expenses | -$60M |
| Operating Expenses | -$51M |
| Cost & Expenses | -$44M |
| OPERATING INCOME | $44M |
| Interest Income | $14M |
| Interest Expense | $5M |
| Other Income/Expenses | $40M |
| INCOME BEFORE TAX | $84M |
| Income Tax Expense | $14M |
| Net Income from Continuing Ops | $70M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $70M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $70M |
| D&A | -$5M |
| EBIT | $89M |
| EBITDA | $89M |
| EPS | $4 |
| EPS Diluted | $4 |
| Item | Amount |
|---|---|
| Net Income | $70M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$58M |
| Change in Working Capital | $4M |
| OPERATING CASH FLOW | $17M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$1.1B |
| Sales/Maturities of Investments | $1.1B |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$30M |
| Net Debt Issuance | $56M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $15M |
| FREE CASH FLOW | $17M |
| Net Change in Cash | $652.3K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $652.3K |
| Short-Term Investments | $450.6K |
| Net Receivables | $2M |
| Inventory | $0 |
| Other Current Assets | -$3M |
| TOTAL CURRENT ASSETS | $0 |
| PP&E (Net) | $0 |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $0 |
| TOTAL NON-CURRENT ASSETS | $0 |
| TOTAL ASSETS | $1.3B |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $2M |
| TOTAL CURRENT LIABILITIES | $2M |
| Long-Term Debt | $279M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $19M |
| Other Non-Current Liabilities | -$298M |
| TOTAL NON-CURRENT LIABILITIES | $0 |
| TOTAL LIABILITIES | $305M |
| Common Stock | $21.1K |
| Additional Paid-In Capital | $877M |
| Retained Earnings | $106M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $983M |
| Minority Interest | $0 |
| TOTAL EQUITY | $983M |
| TOTAL LIABILITIES & EQUITY | $1.3B |
| Total Debt | $279M |
| Net Debt | $278M |
