| Metric | Q1 2026 | Q4 2025 | Q1 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $287M | $459M | $438M | -37.4% | -34.5% |
| Op. Income | $96M | $112M | $73M | -14.7% | 31.1% |
| Net Margin | 25.1% | 16.9% | 12.2% | 8.2pp | 12.9pp |
| EPS (Diluted) | $0.45 | $0.42 | $0.26 | 7.1% | 73.1% |
| Item | Amount |
|---|---|
| REVENUE | $287M |
| Cost of Revenue | $0 |
| GROSS PROFIT | $0 |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $0 |
| Operating Expenses | $0 |
| Cost & Expenses | $0 |
| OPERATING INCOME | $96M |
| Interest Income | $0 |
| Interest Expense | $156M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $96M |
| Income Tax Expense | $24M |
| Net Income from Continuing Ops | $72M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $72M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $72M |
| D&A | $0 |
| EBIT | $96M |
| EBITDA | $96M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Cash & Equivalents | $214M |
| Short-Term Investments | $2.7B |
| Net Receivables | $0 |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $2.9B |
| PP&E (Net) | $146M |
| Goodwill | $215M |
| Intangible Assets | $99M |
| Long-Term Investments | $0 |
| Tax Assets | $653M |
| Other Non-Current Assets | $0 |
| TOTAL NON-CURRENT ASSETS | $1.1B |
| TOTAL ASSETS | $34.7B |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $0 |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $31.2B |
| TOTAL NON-CURRENT LIABILITIES | $31.2B |
| TOTAL LIABILITIES | $31.2B |
| Common Stock | $2M |
| Additional Paid-In Capital | $3.5B |
| Retained Earnings | -$180M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$268M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.6B |
| Minority Interest | $0 |
| TOTAL EQUITY | $3.6B |
| TOTAL LIABILITIES & EQUITY | $34.7B |
| Total Debt | $0 |
| Net Debt | -$214M |
