| Metric | Q1 2026 | Q4 2025 | Q1 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2.5B | $2.6B | $2.4B | -2.1% | 5.4% |
| Op. Income | $119M | $145M | $169M | -18.4% | -29.8% |
| Gross Margin | 34.0% | 27.9% | 36.1% | 6.1pp | -2.1pp |
| Net Margin | 0.9% | -57.9% | 3.0% | 58.8pp | -2.1pp |
| EPS (Diluted) | $0.33 | $-23.85 | $1.04 | 101.4% | -68.3% |
| Item | Amount |
|---|---|
| REVENUE | $2.5B |
| Cost of Revenue | $1.7B |
| GROSS PROFIT | $850M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $731M |
| Other Expenses | $0 |
| Operating Expenses | $731M |
| Cost & Expenses | $2.4B |
| OPERATING INCOME | $119M |
| Interest Income | $0 |
| Interest Expense | $75M |
| Other Income/Expenses | -$90M |
| INCOME BEFORE TAX | $29M |
| Income Tax Expense | $7M |
| Net Income from Continuing Ops | $22M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $22M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $22M |
| D&A | $0 |
| EBIT | $0 |
| EBITDA | $119M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $2.5B |
| Cost of Revenue | $1.7B |
| GROSS PROFIT | $850M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $731M |
| Other Expenses | $0 |
| Operating Expenses | $731M |
| Cost & Expenses | $2.4B |
| OPERATING INCOME | $119M |
| Interest Income | $0 |
| Interest Expense | $75M |
| Other Income/Expenses | -$90M |
| INCOME BEFORE TAX | $29M |
| Income Tax Expense | $7M |
| Net Income from Continuing Ops | $22M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $22M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $22M |
| D&A | $0 |
| EBIT | $0 |
| EBITDA | $119M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Cash & Equivalents | $223M |
| Short-Term Investments | $0 |
| Net Receivables | $2.0B |
| Inventory | $0 |
| Other Current Assets | $780M |
| TOTAL CURRENT ASSETS | $3.0B |
| PP&E (Net) | $726M |
| Goodwill | $3.7B |
| Intangible Assets | $1.9B |
| Long-Term Investments | $0 |
| Tax Assets | $314M |
| Other Non-Current Assets | $1.0B |
| TOTAL NON-CURRENT ASSETS | $7.6B |
| TOTAL ASSETS | $10.7B |
| Account Payables | $202M |
| Short-Term Debt | $750M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $1.8B |
| TOTAL CURRENT LIABILITIES | $2.6B |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $301M |
| Other Non-Current Liabilities | $5.0B |
| TOTAL NON-CURRENT LIABILITIES | $5.3B |
| TOTAL LIABILITIES | $7.9B |
| Common Stock | $7.0K |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$179M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$191M |
| Other Equity | $3.2B |
| TOTAL STOCKHOLDERS' EQUITY | $2.8B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.8B |
| TOTAL LIABILITIES & EQUITY | $10.7B |
| Total Debt | $750M |
| Net Debt | $527M |
