| Metric | Q1 2026 | Q4 2025 | Q1 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $504M | $454M | $423M | 11.1% | 19.1% |
| Op. Income | $71M | $50M | $50M | 42.3% | 40.8% |
| Gross Margin | 39.1% | 37.2% | 37.0% | 2.0pp | 2.1pp |
| Net Margin | 10.6% | 8.3% | 9.2% | 2.3pp | 1.4pp |
| EPS (Diluted) | $1.74 | $1.22 | $1.26 | 42.6% | 38.1% |
| Free Cash Flow | $42M | -$83M | $14M | 151.0% | 197.6% |
| Item | Amount |
|---|---|
| REVENUE | $504M |
| Cost of Revenue | $307M |
| GROSS PROFIT | $197M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $127M |
| Other Expenses | $0 |
| Operating Expenses | $127M |
| Cost & Expenses | $433M |
| OPERATING INCOME | $71M |
| Interest Income | $0 |
| Interest Expense | $343.0K |
| Other Income/Expenses | $568.0K |
| INCOME BEFORE TAX | $71M |
| Income Tax Expense | $18M |
| Net Income from Continuing Ops | $53M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $53M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $53M |
| D&A | $18M |
| EBIT | $72M |
| EBITDA | $89M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $504M |
| Cost of Revenue | $307M |
| GROSS PROFIT | $197M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $127M |
| Other Expenses | $0 |
| Operating Expenses | $127M |
| Cost & Expenses | $433M |
| OPERATING INCOME | $71M |
| Interest Income | $0 |
| Interest Expense | $343.0K |
| Other Income/Expenses | $568.0K |
| INCOME BEFORE TAX | $71M |
| Income Tax Expense | $18M |
| Net Income from Continuing Ops | $53M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $53M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $53M |
| D&A | $18M |
| EBIT | $72M |
| EBITDA | $89M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $53M |
| Depreciation & Amortization | $18M |
| Stock-Based Compensation | $4M |
| Deferred Income Tax | -$733.0K |
| Other Non-Cash Items | $18M |
| Change in Working Capital | -$18M |
| OPERATING CASH FLOW | $74M |
| Capital Expenditure | -$31M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$31M |
| Net Debt Issuance | -$229.0K |
| Common Stock Repurchased | -$13M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$4M |
| NET CASH FROM FINANCING | -$17M |
| FREE CASH FLOW | $42M |
| Net Change in Cash | $26M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $95M |
| Short-Term Investments | $0 |
| Net Receivables | $9M |
| Inventory | $774M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $909M |
| PP&E (Net) | $922M |
| Goodwill | $198M |
| Intangible Assets | $59M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $7M |
| TOTAL NON-CURRENT ASSETS | $1.2B |
| TOTAL ASSETS | $2.1B |
| Account Payables | $141M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $359M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $39M |
| Other Non-Current Liabilities | $5M |
| TOTAL NON-CURRENT LIABILITIES | $564M |
| TOTAL LIABILITIES | $922M |
| Common Stock | $3.0K |
| Additional Paid-In Capital | $250M |
| Retained Earnings | $957M |
| Treasury Stock | -$36M |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.2B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.2B |
| TOTAL LIABILITIES & EQUITY | $2.1B |
| Total Debt | $597M |
| Net Debt | $502M |
