| Metric | Q1 2026 | Q4 2025 | Q1 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $407M | $424M | $374M | -4.0% | 8.9% |
| Op. Income | $72M | $86M | $47M | -15.8% | 54.7% |
| Gross Margin | 52.6% | 53.4% | 50.5% | -0.9pp | 2.0pp |
| Net Margin | 14.9% | 16.8% | 11.3% | -1.9pp | 3.6pp |
| EPS (Diluted) | $1.14 | $1.31 | $0.76 | -13.0% | 50.0% |
| Free Cash Flow | $113M | $127M | $77M | -10.6% | 47.1% |
| Item | Amount |
|---|---|
| REVENUE | $407M |
| Cost of Revenue | $193M |
| GROSS PROFIT | $214M |
| R&D Expenses | $103M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $39M |
| Other Expenses | $0 |
| Operating Expenses | $142M |
| Cost & Expenses | $335M |
| OPERATING INCOME | $72M |
| Interest Income | $9M |
| Interest Expense | $218.0K |
| Other Income/Expenses | $8M |
| INCOME BEFORE TAX | $81M |
| Income Tax Expense | $20M |
| Net Income from Continuing Ops | $61M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $61M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $61M |
| D&A | $13M |
| EBIT | $81M |
| EBITDA | $94M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $407M |
| Cost of Revenue | $193M |
| GROSS PROFIT | $214M |
| R&D Expenses | $103M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $39M |
| Other Expenses | $0 |
| Operating Expenses | $142M |
| Cost & Expenses | $335M |
| OPERATING INCOME | $72M |
| Interest Income | $9M |
| Interest Expense | $218.0K |
| Other Income/Expenses | $8M |
| INCOME BEFORE TAX | $81M |
| Income Tax Expense | $20M |
| Net Income from Continuing Ops | $61M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $61M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $61M |
| D&A | $13M |
| EBIT | $81M |
| EBITDA | $94M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $61M |
| Depreciation & Amortization | $13M |
| Stock-Based Compensation | $21M |
| Deferred Income Tax | -$6M |
| Other Non-Cash Items | -$16.0K |
| Change in Working Capital | $27M |
| OPERATING CASH FLOW | $116M |
| Capital Expenditure | -$3M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$26M |
| Sales/Maturities of Investments | $23M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$6M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$101M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$101M |
| FREE CASH FLOW | $113M |
| Net Change in Cash | $9M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $549M |
| Short-Term Investments | $66M |
| Net Receivables | $214M |
| Inventory | $279M |
| Other Current Assets | $27M |
| TOTAL CURRENT ASSETS | $1.2B |
| PP&E (Net) | $278M |
| Goodwill | $436M |
| Intangible Assets | $26M |
| Long-Term Investments | $233M |
| Tax Assets | $54M |
| Other Non-Current Assets | $27M |
| TOTAL NON-CURRENT ASSETS | $1.1B |
| TOTAL ASSETS | $2.3B |
| Account Payables | $66M |
| Short-Term Debt | $21M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $58M |
| TOTAL CURRENT LIABILITIES | $189M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $32M |
| Other Non-Current Liabilities | $23M |
| TOTAL NON-CURRENT LIABILITIES | $176M |
| TOTAL LIABILITIES | $364M |
| Common Stock | $51.0K |
| Additional Paid-In Capital | $1.9B |
| Retained Earnings | $49M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$223.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.9B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.9B |
| TOTAL LIABILITIES & EQUITY | $2.3B |
| Total Debt | $141M |
| Net Debt | -$408M |
