| Metric | Q1 2026 | Q4 2025 | Q1 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $333M | $409M | $314M | -18.6% | 6.1% |
| Op. Income | $38M | $50M | $33M | -25.2% | 14.0% |
| Gross Margin | 21.4% | 21.1% | 19.2% | 0.3pp | 2.2pp |
| Net Margin | 9.2% | 8.9% | 9.2% | 0.3pp | 0.1pp |
| EPS (Diluted) | $0.94 | $1.11 | $0.86 | -15.3% | 9.3% |
| Free Cash Flow | $31M | $60M | $22M | -48.5% | 42.6% |
| Item | Amount |
|---|---|
| REVENUE | $333M |
| Cost of Revenue | $262M |
| GROSS PROFIT | $71M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $34M |
| Other Expenses | $0 |
| Operating Expenses | $34M |
| Cost & Expenses | $295M |
| OPERATING INCOME | $38M |
| Interest Income | $2M |
| Interest Expense | $2M |
| Other Income/Expenses | $2M |
| INCOME BEFORE TAX | $40M |
| Income Tax Expense | $9M |
| Net Income from Continuing Ops | $31M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $31M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $31M |
| D&A | $4M |
| EBIT | $39M |
| EBITDA | $43M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $333M |
| Cost of Revenue | $262M |
| GROSS PROFIT | $71M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $34M |
| Other Expenses | $0 |
| Operating Expenses | $34M |
| Cost & Expenses | $295M |
| OPERATING INCOME | $38M |
| Interest Income | $2M |
| Interest Expense | $2M |
| Other Income/Expenses | $2M |
| INCOME BEFORE TAX | $40M |
| Income Tax Expense | $9M |
| Net Income from Continuing Ops | $31M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $31M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $31M |
| D&A | $4M |
| EBIT | $39M |
| EBITDA | $43M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $31M |
| Depreciation & Amortization | $4M |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | $3M |
| Other Non-Cash Items | -$2M |
| Change in Working Capital | -$2M |
| OPERATING CASH FLOW | $37M |
| Capital Expenditure | -$5M |
| Acquisitions (Net) | -$190.0K |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$6M |
| Net Debt Issuance | -$1M |
| Common Stock Repurchased | -$17M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$18M |
| FREE CASH FLOW | $31M |
| Net Change in Cash | $12M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $242M |
| Short-Term Investments | $0 |
| Net Receivables | $11M |
| Inventory | $141M |
| Other Current Assets | $32M |
| TOTAL CURRENT ASSETS | $426M |
| PP&E (Net) | $113M |
| Goodwill | $19M |
| Intangible Assets | $41M |
| Long-Term Investments | $37M |
| Tax Assets | $0 |
| Other Non-Current Assets | $6M |
| TOTAL NON-CURRENT ASSETS | $217M |
| TOTAL ASSETS | $642M |
| Account Payables | $122M |
| Short-Term Debt | $5M |
| Deferred Revenue | $12M |
| Other Current Liabilities | $56M |
| TOTAL CURRENT LIABILITIES | $235M |
| Long-Term Debt | $84M |
| Deferred Revenue NC | $23M |
| Deferred Tax Liabilities | $6M |
| Other Non-Current Liabilities | $23M |
| TOTAL NON-CURRENT LIABILITIES | $136M |
| TOTAL LIABILITIES | $371M |
| Common Stock | $3.0K |
| Additional Paid-In Capital | $196M |
| Retained Earnings | $104M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$28M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $271M |
| Minority Interest | $0 |
| TOTAL EQUITY | $271M |
| TOTAL LIABILITIES & EQUITY | $642M |
| Total Debt | $89M |
| Net Debt | -$153M |
