| Metric | Q1 2026 | Q4 2025 | Q1 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $240M | $252M | $263M | -4.6% | -8.6% |
| Op. Income | -$4M | $12M | $6M | -133.5% | -162.1% |
| Gross Margin | 21.1% | 27.2% | 24.9% | -6.1pp | -3.8pp |
| Net Margin | -4.6% | 0.6% | 1.2% | -5.2pp | -5.7pp |
| EPS (Diluted) | $-0.20 | $0.03 | $0.05 | -861.4% | -492.7% |
| Free Cash Flow | $12M | -$5M | $4M | 324.6% | 182.9% |
| Item | Amount |
|---|---|
| REVENUE | $240M |
| Cost of Revenue | $189M |
| GROSS PROFIT | $51M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $55M |
| Operating Expenses | $55M |
| Cost & Expenses | $244M |
| OPERATING INCOME | -$4M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | -$7M |
| INCOME BEFORE TAX | -$11M |
| Income Tax Expense | -$424.7K |
| Net Income from Continuing Ops | -$11M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$11M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$11M |
| D&A | $14M |
| EBIT | -$11M |
| EBITDA | $2M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$11M |
| Depreciation & Amortization | $14M |
| Stock-Based Compensation | $10M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $10M |
| Change in Working Capital | -$7M |
| OPERATING CASH FLOW | $17M |
| Capital Expenditure | -$4M |
| Acquisitions (Net) | -$5M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $999.1K |
| NET CASH FROM INVESTING | -$8M |
| Net Debt Issuance | $10M |
| Common Stock Repurchased | -$31M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$4M |
| NET CASH FROM FINANCING | -$25M |
| FREE CASH FLOW | $12M |
| Net Change in Cash | -$16M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $64M |
| Short-Term Investments | $0 |
| Net Receivables | $288M |
| Inventory | $0 |
| Other Current Assets | $6M |
| TOTAL CURRENT ASSETS | $357M |
| PP&E (Net) | $78M |
| Goodwill | $646M |
| Intangible Assets | $140M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $37M |
| TOTAL NON-CURRENT ASSETS | $902M |
| TOTAL ASSETS | $1.3B |
| Account Payables | $131M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $14M |
| TOTAL CURRENT LIABILITIES | $164M |
| Long-Term Debt | $260M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $20M |
| TOTAL NON-CURRENT LIABILITIES | $328M |
| TOTAL LIABILITIES | $492M |
| Common Stock | $1M |
| Additional Paid-In Capital | $29M |
| Retained Earnings | $724M |
| Treasury Stock | -$6.7K |
| Accum. Other Comp. Income | $13M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $767M |
| Minority Interest | $0 |
| TOTAL EQUITY | $767M |
| TOTAL LIABILITIES & EQUITY | $1.3B |
| Total Debt | $327M |
| Net Debt | $263M |
