| Metric | Q1 2026 | Q4 2025 | Q1 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $175M | $155M | $136M | 12.6% | 28.8% |
| Op. Income | $43M | $48M | $36M | -11.8% | 17.9% |
| Gross Margin | 97.1% | 103.2% | 84.0% | -6.1pp | 13.1pp |
| Net Margin | 20.1% | 25.0% | 22.1% | -4.9pp | -2.0pp |
| EPS (Diluted) | $1.57 | $1.69 | $1.23 | -7.1% | 27.6% |
| Free Cash Flow | $59M | $211M | -$127M | -72.2% | 146.4% |
| Item | Amount |
|---|---|
| REVENUE | $175M |
| Cost of Revenue | $5M |
| GROSS PROFIT | $170M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $64M |
| SG&A Expenses | $64M |
| Other Expenses | $63M |
| Operating Expenses | $127M |
| Cost & Expenses | $132M |
| OPERATING INCOME | $43M |
| Interest Income | $121M |
| Interest Expense | $2M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $43M |
| Income Tax Expense | $7M |
| Net Income from Continuing Ops | $35M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | -$49.0K |
| NET INCOME | $35M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $35M |
| D&A | $13M |
| EBIT | $43M |
| EBITDA | $56M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $175M |
| Cost of Revenue | $5M |
| GROSS PROFIT | $170M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $64M |
| SG&A Expenses | $64M |
| Other Expenses | $63M |
| Operating Expenses | $127M |
| Cost & Expenses | $132M |
| OPERATING INCOME | $43M |
| Interest Income | $121M |
| Interest Expense | $2M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $43M |
| Income Tax Expense | $7M |
| Net Income from Continuing Ops | $35M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | -$49.0K |
| NET INCOME | $35M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $35M |
| D&A | $13M |
| EBIT | $43M |
| EBITDA | $56M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $35M |
| Depreciation & Amortization | $13M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | $1M |
| Other Non-Cash Items | $133M |
| Change in Working Capital | -$78M |
| OPERATING CASH FLOW | $108M |
| Capital Expenditure | -$50M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $31M |
| Other Investing Activities | -$331M |
| NET CASH FROM INVESTING | -$300M |
| Net Debt Issuance | -$9M |
| Common Stock Repurchased | -$51M |
| Common Dividends Paid | -$1M |
| Other Financing Activities | $463M |
| NET CASH FROM FINANCING | $402M |
| FREE CASH FLOW | $59M |
| Net Change in Cash | $211M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $331M |
| Short-Term Investments | $961M |
| Net Receivables | $36M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $1.3B |
| PP&E (Net) | $197M |
| Goodwill | $298M |
| Intangible Assets | $12M |
| Long-Term Investments | $5.3B |
| Tax Assets | $0 |
| Other Non-Current Assets | $472M |
| TOTAL NON-CURRENT ASSETS | $6.2B |
| TOTAL ASSETS | $7.6B |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $6.4B |
| TOTAL CURRENT LIABILITIES | $6.4B |
| Long-Term Debt | $33M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $323M |
| TOTAL NON-CURRENT LIABILITIES | $356M |
| TOTAL LIABILITIES | $6.7B |
| Common Stock | $222.0K |
| Additional Paid-In Capital | $651M |
| Retained Earnings | $347M |
| Treasury Stock | -$8M |
| Accum. Other Comp. Income | -$135M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $855M |
| Minority Interest | -$823.0K |
| TOTAL EQUITY | $854M |
| TOTAL LIABILITIES & EQUITY | $7.6B |
| Total Debt | $33M |
| Net Debt | -$298M |
