| Metric | Q1 2026 | Q4 2025 | Q1 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $111M | $109M | $102M | 2.1% | 9.6% |
| Op. Income | $25M | $23M | $19M | 9.5% | 32.0% |
| Gross Margin | 50.0% | 48.9% | 44.9% | 1.1pp | 5.1pp |
| Net Margin | 18.2% | 17.2% | 15.2% | 1.0pp | 3.0pp |
| EPS (Diluted) | $0.16 | $0.14 | $0.12 | 14.3% | 33.3% |
| Free Cash Flow | $16M | $20M | $4M | -20.3% | 255.4% |
| Item | Amount |
|---|---|
| REVENUE | $111M |
| Cost of Revenue | $56M |
| GROSS PROFIT | $56M |
| R&D Expenses | $0 |
| Selling & Marketing | $1M |
| General & Administrative | $19M |
| SG&A Expenses | $20M |
| Other Expenses | $10M |
| Operating Expenses | $30M |
| Cost & Expenses | $86M |
| OPERATING INCOME | $25M |
| Interest Income | $106M |
| Interest Expense | $55M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $25M |
| Income Tax Expense | $5M |
| Net Income from Continuing Ops | $20M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $20M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $20M |
| D&A | $2M |
| EBIT | $25M |
| EBITDA | $27M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $111M |
| Cost of Revenue | $56M |
| GROSS PROFIT | $56M |
| R&D Expenses | $0 |
| Selling & Marketing | $1M |
| General & Administrative | $19M |
| SG&A Expenses | $20M |
| Other Expenses | $10M |
| Operating Expenses | $30M |
| Cost & Expenses | $86M |
| OPERATING INCOME | $25M |
| Interest Income | $106M |
| Interest Expense | $55M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $25M |
| Income Tax Expense | $5M |
| Net Income from Continuing Ops | $20M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $20M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $20M |
| D&A | $2M |
| EBIT | $25M |
| EBITDA | $27M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $20M |
| Depreciation & Amortization | $917.0K |
| Stock-Based Compensation | $99.0K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$1M |
| Change in Working Capital | -$3M |
| OPERATING CASH FLOW | $17M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$2M |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$18M |
| NET CASH FROM INVESTING | -$19M |
| Net Debt Issuance | -$121M |
| Common Stock Repurchased | -$16M |
| Common Dividends Paid | -$11M |
| Other Financing Activities | $130M |
| NET CASH FROM FINANCING | -$18M |
| FREE CASH FLOW | $16M |
| Net Change in Cash | -$20M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $233M |
| Short-Term Investments | $830M |
| Net Receivables | $8.2B |
| Inventory | $0 |
| Other Current Assets | -$830M |
| TOTAL CURRENT ASSETS | $8.4B |
| PP&E (Net) | $89M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $8.2B |
| Tax Assets | $23M |
| Other Non-Current Assets | -$8.2B |
| TOTAL NON-CURRENT ASSETS | $111M |
| TOTAL ASSETS | $9.8B |
| Account Payables | $0 |
| Short-Term Debt | $275M |
| Deferred Revenue | $0 |
| Other Current Liabilities | -$237.0K |
| TOTAL CURRENT LIABILITIES | $275M |
| Long-Term Debt | $1.6B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $2M |
| Other Non-Current Liabilities | $6.9B |
| TOTAL NON-CURRENT LIABILITIES | $8.5B |
| TOTAL LIABILITIES | $8.7B |
| Common Stock | $1M |
| Additional Paid-In Capital | $1.1B |
| Retained Earnings | -$78M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $16M |
| Other Equity | -$24M |
| TOTAL STOCKHOLDERS' EQUITY | $1.0B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.0B |
| TOTAL LIABILITIES & EQUITY | $9.8B |
| Total Debt | $1.8B |
| Net Debt | $1.6B |
