| Metric | Q1 2026 | Q4 2025 | Q1 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $145M | — | $162M | — | -10.8% |
| Op. Income | $16M | — | $2M | — | 556.3% |
| Gross Margin | 44.8% | — | 29.6% | — | 15.3pp |
| Net Margin | 10.2% | — | 1.0% | — | 9.1pp |
| EPS (Diluted) | $0.48 | — | $0.06 | — | 771.1% |
| Item | Amount |
|---|---|
| REVENUE | $145M |
| Cost of Revenue | $80M |
| GROSS PROFIT | $65M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $26M |
| SG&A Expenses | $26M |
| Other Expenses | $23M |
| Operating Expenses | $49M |
| Cost & Expenses | $129M |
| OPERATING INCOME | $16M |
| Interest Income | $132M |
| Interest Expense | $68M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $16M |
| Income Tax Expense | $1M |
| Net Income from Continuing Ops | $15M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $15M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $15M |
| D&A | $0 |
| EBIT | $16M |
| EBITDA | $16M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $145M |
| Cost of Revenue | $80M |
| GROSS PROFIT | $65M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $26M |
| SG&A Expenses | $26M |
| Other Expenses | $23M |
| Operating Expenses | $49M |
| Cost & Expenses | $129M |
| OPERATING INCOME | $16M |
| Interest Income | $132M |
| Interest Expense | $68M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $16M |
| Income Tax Expense | $1M |
| Net Income from Continuing Ops | $15M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $15M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $15M |
| D&A | $0 |
| EBIT | $16M |
| EBITDA | $16M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Cash & Equivalents | $13M |
| Short-Term Investments | $0 |
| Net Receivables | $0 |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $13M |
| PP&E (Net) | $40M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $9.2B |
| Tax Assets | $133M |
| Other Non-Current Assets | $553M |
| TOTAL NON-CURRENT ASSETS | $9.9B |
| TOTAL ASSETS | $10.0B |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $0 |
| Long-Term Debt | $77M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $8.7B |
| TOTAL NON-CURRENT LIABILITIES | $8.8B |
| TOTAL LIABILITIES | $8.8B |
| Common Stock | $302.0K |
| Additional Paid-In Capital | $383M |
| Retained Earnings | $852M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$90M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.1B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.1B |
| TOTAL LIABILITIES & EQUITY | $10.0B |
| Total Debt | $111M |
| Net Debt | $98M |
