| Metric | Q1 2026 | Q4 2025 | Q1 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $508M | $559M | $334M | -9.0% | 52.3% |
| Op. Income | $155M | $144M | $62M | 7.4% | 151.4% |
| Gross Margin | 68.1% | 69.3% | 58.3% | -1.2pp | 9.9pp |
| Net Margin | 24.0% | 20.0% | 14.9% | 4.0pp | 9.1pp |
| EPS (Diluted) | $0.84 | $0.77 | $0.52 | 9.1% | 61.5% |
| Item | Amount |
|---|---|
| REVENUE | $508M |
| Cost of Revenue | $162M |
| GROSS PROFIT | $346M |
| R&D Expenses | $0 |
| Selling & Marketing | $7M |
| General & Administrative | $125M |
| SG&A Expenses | $132M |
| Other Expenses | $60M |
| Operating Expenses | $192M |
| Cost & Expenses | $354M |
| OPERATING INCOME | $155M |
| Interest Income | $472M |
| Interest Expense | $159M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $155M |
| Income Tax Expense | $32M |
| Net Income from Continuing Ops | $122M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $122M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $119M |
| D&A | $0 |
| EBIT | $155M |
| EBITDA | $155M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $508M |
| Cost of Revenue | $162M |
| GROSS PROFIT | $346M |
| R&D Expenses | $0 |
| Selling & Marketing | $7M |
| General & Administrative | $125M |
| SG&A Expenses | $132M |
| Other Expenses | $60M |
| Operating Expenses | $192M |
| Cost & Expenses | $354M |
| OPERATING INCOME | $155M |
| Interest Income | $472M |
| Interest Expense | $159M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $155M |
| Income Tax Expense | $32M |
| Net Income from Continuing Ops | $122M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $122M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $119M |
| D&A | $0 |
| EBIT | $155M |
| EBITDA | $155M |
| EPS | $1 |
| EPS Diluted | $1 |
