| Metric | Q1 2026 | Q4 2025 | Q1 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.1B | $1.2B | $952M | -5.4% | 20.2% |
| Op. Income | $160M | $181M | $133M | -11.2% | 20.3% |
| Gross Margin | 48.4% | 48.9% | 47.2% | -0.5pp | 1.2pp |
| Net Margin | 10.5% | 9.4% | 11.2% | 1.1pp | -0.7pp |
| EPS (Diluted) | $3.82 | $3.61 | $3.36 | 5.8% | 13.7% |
| Free Cash Flow | $115M | $178M | $113M | -35.4% | 1.3% |
| Item | Amount |
|---|---|
| REVENUE | $1.1B |
| Cost of Revenue | $590M |
| GROSS PROFIT | $554M |
| R&D Expenses | $0 |
| Selling & Marketing | $393M |
| General & Administrative | $0 |
| SG&A Expenses | $393M |
| Other Expenses | $0 |
| Operating Expenses | $393M |
| Cost & Expenses | $983M |
| OPERATING INCOME | $160M |
| Interest Income | $2M |
| Interest Expense | $11M |
| Other Income/Expenses | -$8M |
| INCOME BEFORE TAX | $153M |
| Income Tax Expense | $32M |
| Net Income from Continuing Ops | $121M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $121M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $121M |
| D&A | $38M |
| EBIT | $163M |
| EBITDA | $201M |
| EPS | $4 |
| EPS Diluted | $4 |
| Item | Amount |
|---|---|
| REVENUE | $1.1B |
| Cost of Revenue | $590M |
| GROSS PROFIT | $554M |
| R&D Expenses | $0 |
| Selling & Marketing | $393M |
| General & Administrative | $0 |
| SG&A Expenses | $393M |
| Other Expenses | $0 |
| Operating Expenses | $393M |
| Cost & Expenses | $983M |
| OPERATING INCOME | $160M |
| Interest Income | $2M |
| Interest Expense | $11M |
| Other Income/Expenses | -$8M |
| INCOME BEFORE TAX | $153M |
| Income Tax Expense | $32M |
| Net Income from Continuing Ops | $121M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $121M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $121M |
| D&A | $38M |
| EBIT | $163M |
| EBITDA | $201M |
| EPS | $4 |
| EPS Diluted | $4 |
| Item | Amount |
|---|---|
| Net Income | $121M |
| Depreciation & Amortization | $38M |
| Stock-Based Compensation | $13M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $0 |
| Change in Working Capital | -$31M |
| OPERATING CASH FLOW | $141M |
| Capital Expenditure | -$26M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$300.0K |
| NET CASH FROM INVESTING | -$26M |
| Net Debt Issuance | -$100M |
| Common Stock Repurchased | -$27M |
| Common Dividends Paid | -$5M |
| Other Financing Activities | -$28M |
| NET CASH FROM FINANCING | -$161M |
| FREE CASH FLOW | $115M |
| Net Change in Cash | -$46M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $376M |
| Short-Term Investments | $0 |
| Net Receivables | $565M |
| Inventory | $518M |
| Other Current Assets | $122M |
| TOTAL CURRENT ASSETS | $1.6B |
| PP&E (Net) | $449M |
| Goodwill | $1.5B |
| Intangible Assets | $1.1B |
| Long-Term Investments | $0 |
| Tax Assets | $12M |
| Other Non-Current Assets | $42M |
| TOTAL NON-CURRENT ASSETS | $3.1B |
| TOTAL ASSETS | $4.7B |
| Account Payables | $396M |
| Short-Term Debt | $0 |
| Deferred Revenue | $22M |
| Other Current Liabilities | $285M |
| TOTAL CURRENT LIABILITIES | $762M |
| Long-Term Debt | $797M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $25M |
| Other Non-Current Liabilities | $186M |
| TOTAL NON-CURRENT LIABILITIES | $1.1B |
| TOTAL LIABILITIES | $1.9B |
| Common Stock | $500.0K |
| Additional Paid-In Capital | $1.2B |
| Retained Earnings | $4.4B |
| Treasury Stock | -$2.7B |
| Accum. Other Comp. Income | -$81M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.8B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.8B |
| TOTAL LIABILITIES & EQUITY | $4.7B |
| Total Debt | $910M |
| Net Debt | $534M |
