| Metric | Q1 2026 | Q4 2025 | Q1 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $933M | $876M | $698M | 6.5% | 33.6% |
| Op. Income | $64M | $58M | -$133M | 9.6% | 148.0% |
| Gross Margin | 67.7% | 67.7% | 67.2% | -0.1pp | 0.5pp |
| Net Margin | 8.6% | 7.9% | -14.3% | 0.7pp | 23.0pp |
| EPS (Diluted) | $0.23 | $0.20 | $-0.31 | 15.0% | 174.2% |
| Free Cash Flow | $320M | $24M | $153M | 1261.6% | 109.7% |
| Item | Amount |
|---|---|
| REVENUE | $933M |
| Cost of Revenue | $302M |
| GROSS PROFIT | $631M |
| R&D Expenses | $0 |
| Selling & Marketing | $78M |
| General & Administrative | $145M |
| SG&A Expenses | $223M |
| Other Expenses | $344M |
| Operating Expenses | $568M |
| Cost & Expenses | $870M |
| OPERATING INCOME | $64M |
| Interest Income | $0 |
| Interest Expense | $110M |
| Other Income/Expenses | $19M |
| INCOME BEFORE TAX | $83M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | $81M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $81M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $81M |
| D&A | $65M |
| EBIT | $193M |
| EBITDA | $258M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $933M |
| Cost of Revenue | $302M |
| GROSS PROFIT | $631M |
| R&D Expenses | $0 |
| Selling & Marketing | $78M |
| General & Administrative | $145M |
| SG&A Expenses | $223M |
| Other Expenses | $344M |
| Operating Expenses | $568M |
| Cost & Expenses | $870M |
| OPERATING INCOME | $64M |
| Interest Income | $0 |
| Interest Expense | $110M |
| Other Income/Expenses | $19M |
| INCOME BEFORE TAX | $83M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | $81M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $81M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $81M |
| D&A | $65M |
| EBIT | $193M |
| EBITDA | $258M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $81M |
| Depreciation & Amortization | -$57M |
| Stock-Based Compensation | $86M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $140M |
| Change in Working Capital | $125M |
| OPERATING CASH FLOW | $375M |
| Capital Expenditure | -$54M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$9.9B |
| Sales/Maturities of Investments | $4.5B |
| Other Investing Activities | $5.4B |
| NET CASH FROM INVESTING | -$140M |
| Net Debt Issuance | $128M |
| Common Stock Repurchased | -$112M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $95M |
| NET CASH FROM FINANCING | $110M |
| FREE CASH FLOW | $320M |
| Net Change in Cash | $341M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.4B |
| Short-Term Investments | $49M |
| Net Receivables | $284M |
| Inventory | $0 |
| Other Current Assets | $669M |
| TOTAL CURRENT ASSETS | $2.5B |
| PP&E (Net) | $631M |
| Goodwill | $530M |
| Intangible Assets | $13M |
| Long-Term Investments | $7.6B |
| Tax Assets | $0 |
| Other Non-Current Assets | $184M |
| TOTAL NON-CURRENT ASSETS | $9.0B |
| TOTAL ASSETS | $11.5B |
| Account Payables | $58M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $172M |
| Long-Term Debt | $7.9B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $62M |
| TOTAL NON-CURRENT LIABILITIES | $8.0B |
| TOTAL LIABILITIES | $8.2B |
| Common Stock | $3.0K |
| Additional Paid-In Capital | $6.3B |
| Retained Earnings | -$3.0B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$24M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.3B |
| Minority Interest | $0 |
| TOTAL EQUITY | $3.3B |
| TOTAL LIABILITIES & EQUITY | $11.5B |
| Total Debt | $8.0B |
| Net Debt | $6.5B |
