| Metric | Q1 2026 | Q4 2025 | Q1 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $3.2B | $3.2B | — | -0.3% | — |
| Op. Income | $73M | $329M | — | -77.8% | — |
| Gross Margin | 24.4% | 24.2% | — | 0.2pp | — |
| Net Margin | 0.5% | 8.3% | — | -7.8pp | — |
| EPS (Diluted) | $0.09 | $1.43 | — | -94.0% | — |
| Free Cash Flow | $143M | $238M | — | -39.9% | — |
| Item | Amount |
|---|---|
| REVENUE | $3.2B |
| Cost of Revenue | $2.4B |
| GROSS PROFIT | $771M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $394M |
| Other Expenses | $304M |
| Operating Expenses | $698M |
| Cost & Expenses | $3.1B |
| OPERATING INCOME | $73M |
| Interest Income | $46M |
| Interest Expense | $54M |
| Other Income/Expenses | -$6M |
| INCOME BEFORE TAX | $67M |
| Income Tax Expense | $49M |
| Net Income from Continuing Ops | $18M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $16M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $16M |
| D&A | $309M |
| EBIT | $121M |
| EBITDA | $430M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $3.2B |
| Cost of Revenue | $2.4B |
| GROSS PROFIT | $771M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $394M |
| Other Expenses | $304M |
| Operating Expenses | $698M |
| Cost & Expenses | $3.1B |
| OPERATING INCOME | $73M |
| Interest Income | $46M |
| Interest Expense | $54M |
| Other Income/Expenses | -$6M |
| INCOME BEFORE TAX | $67M |
| Income Tax Expense | $49M |
| Net Income from Continuing Ops | $18M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $16M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $16M |
| D&A | $309M |
| EBIT | $121M |
| EBITDA | $430M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $16M |
| Depreciation & Amortization | $309M |
| Stock-Based Compensation | $22M |
| Deferred Income Tax | -$12M |
| Other Non-Cash Items | $42M |
| Change in Working Capital | -$191M |
| OPERATING CASH FLOW | $186M |
| Capital Expenditure | -$43M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$34M |
| NET CASH FROM INVESTING | -$77M |
| Net Debt Issuance | -$49M |
| Common Stock Repurchased | -$48M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$13M |
| NET CASH FROM FINANCING | -$110M |
| FREE CASH FLOW | $143M |
| Net Change in Cash | -$4M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.8B |
| Short-Term Investments | $0 |
| Net Receivables | $3.1B |
| Inventory | $0 |
| Other Current Assets | $98M |
| TOTAL CURRENT ASSETS | $5.5B |
| PP&E (Net) | $2.0B |
| Goodwill | $532M |
| Intangible Assets | $1.5B |
| Long-Term Investments | $0 |
| Tax Assets | $878M |
| Other Non-Current Assets | $3.1B |
| TOTAL NON-CURRENT ASSETS | $8.0B |
| TOTAL ASSETS | $13.4B |
| Account Payables | $650M |
| Short-Term Debt | $812M |
| Deferred Revenue | $722M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $4.5B |
| Long-Term Debt | $3.0B |
| Deferred Revenue NC | $631M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $1.3B |
| TOTAL NON-CURRENT LIABILITIES | $5.5B |
| TOTAL LIABILITIES | $10.0B |
| Common Stock | $2M |
| Additional Paid-In Capital | $7.6B |
| Retained Earnings | -$3.3B |
| Treasury Stock | -$247M |
| Accum. Other Comp. Income | -$801M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.2B |
| Minority Interest | $262M |
| TOTAL EQUITY | $3.4B |
| TOTAL LIABILITIES & EQUITY | $13.4B |
| Total Debt | $4.8B |
| Net Debt | $3.0B |
