| Metric | Q1 2026 | Q4 2025 | Q1 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $965M | $1.0B | $825M | -5.6% | 16.9% |
| Op. Income | $165M | $174M | $133M | -5.0% | 24.5% |
| Gross Margin | 55.8% | 56.7% | 56.9% | -1.0pp | -1.2pp |
| Net Margin | 14.4% | 14.8% | 14.0% | -0.4pp | 0.4pp |
| EPS (Diluted) | $0.93 | $0.99 | $0.75 | -6.1% | 24.0% |
| Free Cash Flow | $12M | -$89M | $90M | 113.6% | -86.5% |
| Item | Amount |
|---|---|
| REVENUE | $965M |
| Cost of Revenue | $427M |
| GROSS PROFIT | $538M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $373M |
| Other Expenses | $0 |
| Operating Expenses | $373M |
| Cost & Expenses | $799M |
| OPERATING INCOME | $165M |
| Interest Income | $19M |
| Interest Expense | $935.0K |
| Other Income/Expenses | $18M |
| INCOME BEFORE TAX | $183M |
| Income Tax Expense | $44M |
| Net Income from Continuing Ops | $139M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $139M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $139M |
| D&A | $19M |
| EBIT | $184M |
| EBITDA | $203M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $965M |
| Cost of Revenue | $427M |
| GROSS PROFIT | $538M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $373M |
| Other Expenses | $0 |
| Operating Expenses | $373M |
| Cost & Expenses | $799M |
| OPERATING INCOME | $165M |
| Interest Income | $19M |
| Interest Expense | $935.0K |
| Other Income/Expenses | $18M |
| INCOME BEFORE TAX | $183M |
| Income Tax Expense | $44M |
| Net Income from Continuing Ops | $139M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $139M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $139M |
| D&A | $19M |
| EBIT | $184M |
| EBITDA | $203M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $139M |
| Depreciation & Amortization | $19M |
| Stock-Based Compensation | $9M |
| Deferred Income Tax | -$713.0K |
| Other Non-Cash Items | $1M |
| Change in Working Capital | -$132M |
| OPERATING CASH FLOW | $36M |
| Capital Expenditure | -$24M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $11.0K |
| NET CASH FROM INVESTING | -$24M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$183M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$183M |
| FREE CASH FLOW | $12M |
| Net Change in Cash | -$169M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.7B |
| Short-Term Investments | $0 |
| Net Receivables | $392M |
| Inventory | $849M |
| Other Current Assets | $61M |
| TOTAL CURRENT ASSETS | $3.1B |
| PP&E (Net) | $602M |
| Goodwill | $14M |
| Intangible Assets | $16M |
| Long-Term Investments | $0 |
| Tax Assets | $86M |
| Other Non-Current Assets | $47M |
| TOTAL NON-CURRENT ASSETS | $764M |
| TOTAL ASSETS | $3.8B |
| Account Payables | $733M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $6M |
| TOTAL CURRENT LIABILITIES | $1.0B |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $78M |
| TOTAL NON-CURRENT LIABILITIES | $325M |
| TOTAL LIABILITIES | $1.4B |
| Common Stock | $1M |
| Additional Paid-In Capital | $262M |
| Retained Earnings | $2.3B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$58M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.5B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.5B |
| TOTAL LIABILITIES & EQUITY | $3.8B |
| Total Debt | $312M |
| Net Debt | -$1.4B |
