| Metric | Q1 2026 | Q4 2025 | Q1 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $235M | $232M | $212M | 1.4% | 10.9% |
| Op. Income | $35M | $33M | $28M | 5.9% | 25.9% |
| Gross Margin | 24.2% | 25.0% | 22.7% | -0.9pp | 1.4pp |
| Net Margin | 11.6% | 11.4% | 10.2% | 0.2pp | 1.4pp |
| EPS (Diluted) | $0.52 | $0.51 | $0.42 | 2.0% | 23.8% |
| Free Cash Flow | $40M | $14M | $33M | 177.3% | 20.7% |
| Item | Amount |
|---|---|
| REVENUE | $235M |
| Cost of Revenue | $178M |
| GROSS PROFIT | $57M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $21M |
| SG&A Expenses | $21M |
| Other Expenses | $0 |
| Operating Expenses | $21M |
| Cost & Expenses | $199M |
| OPERATING INCOME | $35M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $35M |
| Income Tax Expense | $8M |
| 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 | $27M |
| D&A | $8M |
| EBIT | $35M |
| EBITDA | $43M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $235M |
| Cost of Revenue | $178M |
| GROSS PROFIT | $57M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $21M |
| SG&A Expenses | $21M |
| Other Expenses | $0 |
| Operating Expenses | $21M |
| Cost & Expenses | $199M |
| OPERATING INCOME | $35M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $35M |
| Income Tax Expense | $8M |
| 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 | $27M |
| D&A | $8M |
| EBIT | $35M |
| EBITDA | $43M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $27M |
| Depreciation & Amortization | $8M |
| Stock-Based Compensation | $1M |
| Deferred Income Tax | -$355.0K |
| Other Non-Cash Items | $209.0K |
| Change in Working Capital | $19M |
| OPERATING CASH FLOW | $55M |
| Capital Expenditure | -$15M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$15M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$10M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $2M |
| NET CASH FROM FINANCING | -$8M |
| FREE CASH FLOW | $40M |
| Net Change in Cash | $31M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $202M |
| Short-Term Investments | $0 |
| Net Receivables | $102M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $422M |
| PP&E (Net) | $129M |
| Goodwill | $37M |
| Intangible Assets | $394.0K |
| Long-Term Investments | $0 |
| Tax Assets | $9M |
| Other Non-Current Assets | $512.0K |
| TOTAL NON-CURRENT ASSETS | $176M |
| TOTAL ASSETS | $597M |
| Account Payables | $21M |
| Short-Term Debt | $0 |
| Deferred Revenue | $138M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $235M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $20M |
| TOTAL LIABILITIES | $255M |
| Common Stock | $5.0K |
| Additional Paid-In Capital | $253M |
| Retained Earnings | $930M |
| Treasury Stock | -$841M |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $343M |
| Minority Interest | $0 |
| TOTAL EQUITY | $343M |
| TOTAL LIABILITIES & EQUITY | $597M |
| Total Debt | $27M |
| Net Debt | -$175M |
