| Metric | Q1 2026 | Q4 2025 | Q1 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.6B | $2.1B | $1.4B | -23.0% | 11.7% |
| Op. Income | $189M | $499M | $134M | -62.1% | 40.5% |
| Gross Margin | 26.6% | 37.3% | 24.5% | -10.7pp | 2.1pp |
| Net Margin | 10.4% | 18.1% | 5.6% | -7.7pp | 4.8pp |
| EPS (Diluted) | $1.40 | $3.16 | $0.68 | -55.7% | 105.9% |
| Free Cash Flow | $27M | $663M | -$133M | -95.9% | 120.3% |
| Item | Amount |
|---|---|
| REVENUE | $1.6B |
| Cost of Revenue | $1.2B |
| GROSS PROFIT | $423M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $234M |
| Other Expenses | $0 |
| Operating Expenses | $234M |
| Cost & Expenses | $1.4B |
| OPERATING INCOME | $189M |
| Interest Income | $4M |
| Interest Expense | $28M |
| Other Income/Expenses | $24M |
| INCOME BEFORE TAX | $213M |
| Income Tax Expense | $48M |
| Net Income from Continuing Ops | $165M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $165M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $165M |
| D&A | $126M |
| EBIT | $237M |
| EBITDA | $363M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $1.6B |
| Cost of Revenue | $1.2B |
| GROSS PROFIT | $423M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $234M |
| Other Expenses | $0 |
| Operating Expenses | $234M |
| Cost & Expenses | $1.4B |
| OPERATING INCOME | $189M |
| Interest Income | $4M |
| Interest Expense | $28M |
| Other Income/Expenses | $24M |
| INCOME BEFORE TAX | $213M |
| Income Tax Expense | $48M |
| Net Income from Continuing Ops | $165M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $165M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $165M |
| D&A | $126M |
| EBIT | $237M |
| EBITDA | $363M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $165M |
| Depreciation & Amortization | $84M |
| Stock-Based Compensation | $16M |
| Deferred Income Tax | $21M |
| Other Non-Cash Items | -$22M |
| Change in Working Capital | -$221M |
| OPERATING CASH FLOW | $42M |
| Capital Expenditure | -$15M |
| Acquisitions (Net) | -$56M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$29M |
| NET CASH FROM INVESTING | -$100M |
| Net Debt Issuance | $27M |
| Common Stock Repurchased | -$151M |
| Common Dividends Paid | -$103M |
| Other Financing Activities | -$4M |
| NET CASH FROM FINANCING | -$214M |
| FREE CASH FLOW | $27M |
| Net Change in Cash | -$271M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $291M |
| Short-Term Investments | $800.0K |
| Net Receivables | $964M |
| Inventory | $0 |
| Other Current Assets | $205M |
| TOTAL CURRENT ASSETS | $1.5B |
| PP&E (Net) | $333M |
| Goodwill | $3.7B |
| Intangible Assets | $1.3B |
| Long-Term Investments | $402M |
| Tax Assets | $0 |
| Other Non-Current Assets | $1.2B |
| TOTAL NON-CURRENT ASSETS | $6.8B |
| TOTAL ASSETS | $8.3B |
| Account Payables | $153M |
| Short-Term Debt | $500M |
| Deferred Revenue | $303M |
| Other Current Liabilities | $218M |
| TOTAL CURRENT LIABILITIES | $1.6B |
| Long-Term Debt | $2.8B |
| Deferred Revenue NC | $421M |
| Deferred Tax Liabilities | $294M |
| Other Non-Current Liabilities | $436M |
| TOTAL NON-CURRENT LIABILITIES | $4.1B |
| TOTAL LIABILITIES | $5.7B |
| Common Stock | $2M |
| Additional Paid-In Capital | $1.7B |
| Retained Earnings | $3.9B |
| Treasury Stock | -$2.7B |
| Accum. Other Comp. Income | -$243M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.6B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.6B |
| TOTAL LIABILITIES & EQUITY | $8.3B |
| Total Debt | $3.5B |
| Net Debt | $3.2B |
