Q1 2026 Earnings

Reported April 21, 2026NEW

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Metric	Q1 2026	Q4 2025	Q1 2025	QoQ Change	YoY Change
Revenue	$584M	—	$516M	—	13.2%
Op. Income	$185M	—	$168M	—	10.5%
Gross Margin	81.6%	—	78.7%	—	2.9pp
Net Margin	24.3%	—	25.5%	—	-1.3pp
EPS (Diluted)	$0.97	—	$0.98	—	-1.0%

Revenue Flow

Item	Amount
REVENUE	$584M
Cost of Revenue	$108M
GROSS PROFIT	$476M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$202M
SG&A Expenses	$202M
Other Expenses	$89M
Operating Expenses	$291M
Cost & Expenses	$399M
OPERATING INCOME	$185M
Interest Income	$397M
Interest Expense	$97M
Other Income/Expenses	$0
INCOME BEFORE TAX	$185M
Income Tax Expense	$41M
Net Income from Continuing Ops	$144M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$142M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$142M
D&A	$0
EBIT	$185M
EBITDA	$185M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$584M
Cost of Revenue	$108M
GROSS PROFIT	$476M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$202M
SG&A Expenses	$202M
Other Expenses	$89M
Operating Expenses	$291M
Cost & Expenses	$399M
OPERATING INCOME	$185M
Interest Income	$397M
Interest Expense	$97M
Other Income/Expenses	$0
INCOME BEFORE TAX	$185M
Income Tax Expense	$41M
Net Income from Continuing Ops	$144M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$142M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$142M
D&A	$0
EBIT	$185M
EBITDA	$185M
EPS	$1
EPS Diluted	$1

Balance Sheet

Item	Amount
Cash & Equivalents	$573M
Short-Term Investments	$8.6B
Net Receivables	$0
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$9.2B
PP&E (Net)	$527M
Goodwill	$254M
Intangible Assets	$146M
Long-Term Investments	$0
Tax Assets	$0
Other Non-Current Assets	$0
TOTAL NON-CURRENT ASSETS	$927M
TOTAL ASSETS	$35.7B
Account Payables	$0
Short-Term Debt	$2.6B
Deferred Revenue	$0
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$2.6B
Long-Term Debt	$8M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$28.8B
TOTAL NON-CURRENT LIABILITIES	$28.8B
TOTAL LIABILITIES	$31.4B
Common Stock	$743M
Additional Paid-In Capital	$4.0B
Retained Earnings	$233M
Treasury Stock	-$121M
Accum. Other Comp. Income	-$540M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$4.3B
Minority Interest	$25M
TOTAL EQUITY	$4.3B
TOTAL LIABILITIES & EQUITY	$35.7B
Total Debt	$2.6B
Net Debt	$2.0B