| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $344M | $350M | $390M | -1.6% | -11.7% |
| Op. Income | $78M | $80M | $81M | -2.7% | -3.8% |
| Gross Margin | 53.8% | 52.6% | 48.4% | 1.2pp | 5.4pp |
| Net Margin | 17.6% | 17.7% | 15.7% | -0.1pp | 1.9pp |
| EPS (Diluted) | $0.72 | $0.73 | $0.71 | -1.4% | 1.4% |
| Free Cash Flow | $46M | $53M | $89M | -14.1% | -49.0% |
| Item | Amount |
|---|---|
| REVENUE | $344M |
| Cost of Revenue | $160M |
| GROSS PROFIT | $185M |
| R&D Expenses | $0 |
| Selling & Marketing | $67M |
| General & Administrative | $16M |
| SG&A Expenses | $83M |
| Other Expenses | $24M |
| Operating Expenses | $107M |
| Cost & Expenses | $267M |
| OPERATING INCOME | $78M |
| Interest Income | $327M |
| Interest Expense | $157M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $78M |
| Income Tax Expense | $17M |
| Net Income from Continuing Ops | $61M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $61M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $57M |
| D&A | -$1M |
| EBIT | $78M |
| EBITDA | $76M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $344M |
| Cost of Revenue | $160M |
| GROSS PROFIT | $185M |
| R&D Expenses | $0 |
| Selling & Marketing | $67M |
| General & Administrative | $16M |
| SG&A Expenses | $83M |
| Other Expenses | $24M |
| Operating Expenses | $107M |
| Cost & Expenses | $267M |
| OPERATING INCOME | $78M |
| Interest Income | $327M |
| Interest Expense | $157M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $78M |
| Income Tax Expense | $17M |
| Net Income from Continuing Ops | $61M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $61M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $57M |
| D&A | -$1M |
| EBIT | $78M |
| EBITDA | $76M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $61M |
| Depreciation & Amortization | -$1M |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $4M |
| Change in Working Capital | -$8M |
| OPERATING CASH FLOW | $57M |
| Capital Expenditure | -$12M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$410M |
| Sales/Maturities of Investments | $164M |
| Other Investing Activities | $199M |
| NET CASH FROM INVESTING | -$59M |
| Net Debt Issuance | -$175M |
| Common Stock Repurchased | -$29M |
| Common Dividends Paid | -$21M |
| Other Financing Activities | $78M |
| NET CASH FROM FINANCING | -$151M |
| FREE CASH FLOW | $46M |
| Net Change in Cash | -$152M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $657M |
| Short-Term Investments | $2.6B |
| Net Receivables | $211M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $3.5B |
| PP&E (Net) | $261M |
| Goodwill | $415M |
| Intangible Assets | $27M |
| Long-Term Investments | $21.7B |
| Tax Assets | $0 |
| Other Non-Current Assets | $860M |
| TOTAL NON-CURRENT ASSETS | $23.2B |
| TOTAL ASSETS | $26.7B |
| Account Payables | $0 |
| Short-Term Debt | $1.7B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $21.1B |
| TOTAL CURRENT LIABILITIES | $23.2B |
| Long-Term Debt | $70M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $405M |
| TOTAL NON-CURRENT LIABILITIES | $475M |
| TOTAL LIABILITIES | $23.7B |
| Common Stock | $154M |
| Additional Paid-In Capital | $2.2B |
| Retained Earnings | $2.1B |
| Treasury Stock | -$1.7B |
| Accum. Other Comp. Income | $57M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.0B |
| Minority Interest | $0 |
| TOTAL EQUITY | $3.0B |
| TOTAL LIABILITIES & EQUITY | $26.7B |
| Total Debt | $1.8B |
| Net Debt | $1.2B |
