| Metric | Q1 2026 | Q4 2025 | Q1 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2.2B | — | $2.1B | — | 6.1% |
| Op. Income | $78M | — | $78M | — | 0.9% |
| Gross Margin | 11.1% | — | 12.3% | — | -1.2pp |
| Net Margin | 1.7% | — | 2.1% | — | -0.3pp |
| EPS (Diluted) | $0.64 | — | $0.69 | — | -7.2% |
| Free Cash Flow | $49M | — | -$123M | — | 139.7% |
| Item | Amount |
|---|---|
| REVENUE | $2.2B |
| Cost of Revenue | $2.0B |
| GROSS PROFIT | $248M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $170M |
| Other Expenses | $0 |
| Operating Expenses | $170M |
| Cost & Expenses | $2.2B |
| OPERATING INCOME | $78M |
| Interest Income | $0 |
| Interest Expense | $24M |
| Other Income/Expenses | -$26M |
| INCOME BEFORE TAX | $52M |
| Income Tax Expense | $13M |
| Net Income from Continuing Ops | $39M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $100.0K |
| NET INCOME | $39M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $39M |
| D&A | $26M |
| EBIT | $78M |
| EBITDA | $104M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $2.2B |
| Cost of Revenue | $2.0B |
| GROSS PROFIT | $248M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $170M |
| Other Expenses | $0 |
| Operating Expenses | $170M |
| Cost & Expenses | $2.2B |
| OPERATING INCOME | $78M |
| Interest Income | $0 |
| Interest Expense | $24M |
| Other Income/Expenses | -$26M |
| INCOME BEFORE TAX | $52M |
| Income Tax Expense | $13M |
| Net Income from Continuing Ops | $39M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $100.0K |
| NET INCOME | $39M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $39M |
| D&A | $26M |
| EBIT | $78M |
| EBITDA | $104M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $39M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | -$11M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $62M |
| Change in Working Capital | -$28M |
| OPERATING CASH FLOW | $62M |
| Capital Expenditure | -$13M |
| Acquisitions (Net) | $600.0K |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$13M |
| Net Debt Issuance | $62M |
| Common Stock Repurchased | -$92M |
| Common Dividends Paid | -$17M |
| Other Financing Activities | -$9M |
| NET CASH FROM FINANCING | -$55M |
| FREE CASH FLOW | $49M |
| Net Change in Cash | -$4M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $100M |
| Short-Term Investments | $0 |
| Net Receivables | $1.7B |
| Inventory | $0 |
| Other Current Assets | $204M |
| TOTAL CURRENT ASSETS | $2.0B |
| PP&E (Net) | $268M |
| Goodwill | $2.6B |
| Intangible Assets | $232M |
| Long-Term Investments | $50M |
| Tax Assets | $0 |
| Other Non-Current Assets | $185M |
| TOTAL NON-CURRENT ASSETS | $3.3B |
| TOTAL ASSETS | $5.3B |
| Account Payables | $382M |
| Short-Term Debt | $58M |
| Deferred Revenue | $107M |
| Other Current Liabilities | $755M |
| TOTAL CURRENT LIABILITIES | $1.3B |
| Long-Term Debt | $1.6B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $54M |
| Other Non-Current Liabilities | $524M |
| TOTAL NON-CURRENT LIABILITIES | $2.3B |
| TOTAL LIABILITIES | $3.6B |
| Common Stock | $600.0K |
| Additional Paid-In Capital | $348M |
| Retained Earnings | $1.4B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$12M |
| Other Equity | -$100.0K |
| TOTAL STOCKHOLDERS' EQUITY | $1.7B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.7B |
| TOTAL LIABILITIES & EQUITY | $5.3B |
| Total Debt | $1.7B |
| Net Debt | $1.6B |
