| Metric | Q4 2025 | Q3 2025 | Q4 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $342M | $345M | $347M | -0.9% | -1.4% |
| Op. Income | $97M | $101M | $84M | -3.6% | 15.3% |
| Gross Margin | 75.9% | 76.3% | 73.2% | -0.5pp | 2.6pp |
| Net Margin | 21.3% | 22.2% | 18.5% | -0.9pp | 2.7pp |
| EPS (Diluted) | $1.34 | $1.36 | $1.09 | -1.5% | 22.9% |
| Free Cash Flow | $52M | $120M | $55M | -56.9% | -6.5% |
| Item | Amount |
|---|---|
| REVENUE | $342M |
| Cost of Revenue | $83M |
| GROSS PROFIT | $259M |
| R&D Expenses | $0 |
| Selling & Marketing | $3M |
| General & Administrative | $94M |
| SG&A Expenses | $96M |
| Other Expenses | $66M |
| Operating Expenses | $162M |
| Cost & Expenses | $244M |
| OPERATING INCOME | $97M |
| Interest Income | $257M |
| Interest Expense | $70M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $97M |
| Income Tax Expense | $25M |
| Net Income from Continuing Ops | $73M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $73M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $73M |
| D&A | $0 |
| EBIT | $97M |
| EBITDA | $97M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $342M |
| Cost of Revenue | $83M |
| GROSS PROFIT | $259M |
| R&D Expenses | $0 |
| Selling & Marketing | $3M |
| General & Administrative | $94M |
| SG&A Expenses | $96M |
| Other Expenses | $66M |
| Operating Expenses | $162M |
| Cost & Expenses | $244M |
| OPERATING INCOME | $97M |
| Interest Income | $257M |
| Interest Expense | $70M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $97M |
| Income Tax Expense | $25M |
| Net Income from Continuing Ops | $73M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $73M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $73M |
| D&A | $0 |
| EBIT | $97M |
| EBITDA | $97M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $73M |
| Depreciation & Amortization | $10M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | -$6M |
| Other Non-Cash Items | -$15M |
| Change in Working Capital | -$13M |
| OPERATING CASH FLOW | $53M |
| Capital Expenditure | -$749.0K |
| Acquisitions (Net) | $8.0K |
| Purchases of Investments | -$103M |
| Sales/Maturities of Investments | $109M |
| Other Investing Activities | -$275M |
| NET CASH FROM INVESTING | -$269M |
| Net Debt Issuance | $50M |
| Common Stock Repurchased | -$107M |
| Common Dividends Paid | -$9M |
| Other Financing Activities | $413M |
| NET CASH FROM FINANCING | $343M |
| FREE CASH FLOW | $52M |
| Net Change in Cash | $126M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.3B |
| Short-Term Investments | $33M |
| Net Receivables | $0 |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $1.4B |
| PP&E (Net) | $0 |
| Goodwill | $970M |
| Intangible Assets | $0 |
| Long-Term Investments | $13.1B |
| Tax Assets | $0 |
| Other Non-Current Assets | $5.8B |
| TOTAL NON-CURRENT ASSETS | $20.0B |
| TOTAL ASSETS | $21.3B |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $17.6B |
| TOTAL CURRENT LIABILITIES | $17.6B |
| Long-Term Debt | $303M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $641M |
| TOTAL NON-CURRENT LIABILITIES | $944M |
| TOTAL LIABILITIES | $18.6B |
| Common Stock | $2.7B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $0 |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.7B |
| Minority Interest | -$10M |
| TOTAL EQUITY | $2.7B |
| TOTAL LIABILITIES & EQUITY | $21.3B |
| Total Debt | $303M |
| Net Debt | -$1.0B |
