| Metric | Q1 2026 | Q4 2025 | Q1 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $470M | $615M | $423M | -23.6% | 11.1% |
| Op. Income | $92M | $131M | $75M | -30.2% | 22.3% |
| Gross Margin | 55.7% | 58.1% | 60.3% | -2.4pp | -4.6pp |
| Net Margin | 12.6% | 17.8% | 5.6% | -5.3pp | 7.0pp |
| EPS (Diluted) | $0.32 | $0.60 | $0.13 | -47.1% | 145.5% |
| Free Cash Flow | -$76M | $170M | -$36M | -144.9% | -114.9% |
| Item | Amount |
|---|---|
| REVENUE | $470M |
| Cost of Revenue | $208M |
| GROSS PROFIT | $262M |
| R&D Expenses | $0 |
| Selling & Marketing | $147M |
| General & Administrative | $34M |
| SG&A Expenses | $181M |
| Other Expenses | -$11M |
| Operating Expenses | $170M |
| Cost & Expenses | $378M |
| OPERATING INCOME | $92M |
| Interest Income | $0 |
| Interest Expense | $11M |
| Other Income/Expenses | -$11M |
| INCOME BEFORE TAX | $81M |
| Income Tax Expense | $22M |
| Net Income from Continuing Ops | $59M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $59M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $59M |
| D&A | $35M |
| EBIT | $92M |
| EBITDA | $127M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $470M |
| Cost of Revenue | $208M |
| GROSS PROFIT | $262M |
| R&D Expenses | $0 |
| Selling & Marketing | $147M |
| General & Administrative | $34M |
| SG&A Expenses | $181M |
| Other Expenses | -$11M |
| Operating Expenses | $170M |
| Cost & Expenses | $378M |
| OPERATING INCOME | $92M |
| Interest Income | $0 |
| Interest Expense | $11M |
| Other Income/Expenses | -$11M |
| INCOME BEFORE TAX | $81M |
| Income Tax Expense | $22M |
| Net Income from Continuing Ops | $59M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $59M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $59M |
| D&A | $35M |
| EBIT | $92M |
| EBITDA | $127M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $59M |
| Depreciation & Amortization | $35M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$48M |
| Change in Working Capital | -$79M |
| OPERATING CASH FLOW | -$33M |
| Capital Expenditure | -$43M |
| Acquisitions (Net) | -$2M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $493.4K |
| NET CASH FROM INVESTING | -$45M |
| Net Debt Issuance | -$16M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$22M |
| NET CASH FROM FINANCING | -$38M |
| FREE CASH FLOW | -$76M |
| Net Change in Cash | -$117M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $268M |
| Short-Term Investments | $0 |
| Net Receivables | $143M |
| Inventory | $973M |
| Other Current Assets | $72M |
| TOTAL CURRENT ASSETS | $1.5B |
| PP&E (Net) | $666M |
| Goodwill | $1.8B |
| Intangible Assets | $1.8B |
| Long-Term Investments | $0 |
| Tax Assets | $18M |
| Other Non-Current Assets | $46M |
| TOTAL NON-CURRENT ASSETS | $4.3B |
| TOTAL ASSETS | $5.8B |
| Account Payables | $135M |
| Short-Term Debt | $13M |
| Deferred Revenue | $13M |
| Other Current Liabilities | $128M |
| TOTAL CURRENT LIABILITIES | $465M |
| Long-Term Debt | $1.3B |
| Deferred Revenue NC | $11M |
| Deferred Tax Liabilities | $193M |
| Other Non-Current Liabilities | $371M |
| TOTAL NON-CURRENT LIABILITIES | $2.1B |
| TOTAL LIABILITIES | $2.5B |
| Common Stock | $0 |
| Additional Paid-In Capital | $2.3B |
| Retained Earnings | $955M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$43M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.2B |
| Minority Interest | $0 |
| TOTAL EQUITY | $3.2B |
| TOTAL LIABILITIES & EQUITY | $5.8B |
| Total Debt | $1.6B |
| Net Debt | $1.3B |
