Q1 2026 Earnings

Reported April 20, 2026NEW

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Metric	Q1 2026	Q4 2025	Q1 2025	QoQ Change	YoY Change
Revenue	$112M	—	$90M	—	24.9%
Op. Income	$23M	—	$14M	—	61.3%
Gross Margin	65.4%	—	60.4%	—	5.0pp
Net Margin	24.1%	—	12.8%	—	11.3pp
EPS (Diluted)	$0.88	—	$0.49	—	79.6%

Revenue Flow

Item	Amount
REVENUE	$112M
Cost of Revenue	$39M
GROSS PROFIT	$73M
R&D Expenses	$0
Selling & Marketing	$788.0K
General & Administrative	$47M
SG&A Expenses	$48M
Other Expenses	$2M
Operating Expenses	$50M
Cost & Expenses	$89M
OPERATING INCOME	$23M
Interest Income	$112M
Interest Expense	$39M
Other Income/Expenses	$10M
INCOME BEFORE TAX	$33M
Income Tax Expense	$6M
Net Income from Continuing Ops	$27M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$27M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$26M
D&A	$1M
EBIT	$23M
EBITDA	$24M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$112M
Cost of Revenue	$39M
GROSS PROFIT	$73M
R&D Expenses	$0
Selling & Marketing	$788.0K
General & Administrative	$47M
SG&A Expenses	$48M
Other Expenses	$2M
Operating Expenses	$50M
Cost & Expenses	$89M
OPERATING INCOME	$23M
Interest Income	$112M
Interest Expense	$39M
Other Income/Expenses	$10M
INCOME BEFORE TAX	$33M
Income Tax Expense	$6M
Net Income from Continuing Ops	$27M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$27M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$26M
D&A	$1M
EBIT	$23M
EBITDA	$24M
EPS	$1
EPS Diluted	$1

Balance Sheet

Item	Amount
Cash & Equivalents	$79M
Short-Term Investments	$696M
Net Receivables	$6.4B
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$7.1B
PP&E (Net)	$0
Goodwill	$89M
Intangible Assets	$33M
Long-Term Investments	$7.8B
Tax Assets	$0
Other Non-Current Assets	-$7.9B
TOTAL NON-CURRENT ASSETS	$89M
TOTAL ASSETS	$8.5B
Account Payables	$0
Short-Term Debt	$164M
Deferred Revenue	$0
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$164M
Long-Term Debt	$106M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$7.4B
TOTAL NON-CURRENT LIABILITIES	$7.5B
TOTAL LIABILITIES	$7.6B
Common Stock	$0
Additional Paid-In Capital	$423M
Retained Earnings	$445M
Treasury Stock	-$3M
Accum. Other Comp. Income	-$34M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$889M
Minority Interest	$0
TOTAL EQUITY	$889M
TOTAL LIABILITIES & EQUITY	$8.5B
Total Debt	$164M
Net Debt	$85M