| Metric | Q1 2026 | Q4 2025 | Q1 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $261M | $264M | — | -1.1% | — |
| Op. Income | $97M | $64M | — | 50.8% | — |
| Gross Margin | 67.2% | 59.1% | — | 8.1pp | — |
| Net Margin | 16.9% | 10.0% | — | 6.9pp | — |
| EPS (Diluted) | $0.74 | $0.45 | — | 64.4% | — |
| Free Cash Flow | $17M | $77M | — | -78.4% | — |
| Item | Amount |
|---|---|
| REVENUE | $261M |
| Cost of Revenue | $86M |
| GROSS PROFIT | $176M |
| R&D Expenses | $300.0K |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $78M |
| Other Expenses | $600.0K |
| Operating Expenses | $79M |
| Cost & Expenses | $164M |
| OPERATING INCOME | $97M |
| Interest Income | $0 |
| Interest Expense | $24M |
| Other Income/Expenses | -$38M |
| INCOME BEFORE TAX | $59M |
| Income Tax Expense | $15M |
| Net Income from Continuing Ops | $44M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $44M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $44M |
| D&A | $13M |
| EBIT | $83M |
| EBITDA | $96M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $261M |
| Cost of Revenue | $86M |
| GROSS PROFIT | $176M |
| R&D Expenses | $300.0K |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $78M |
| Other Expenses | $600.0K |
| Operating Expenses | $79M |
| Cost & Expenses | $164M |
| OPERATING INCOME | $97M |
| Interest Income | $0 |
| Interest Expense | $24M |
| Other Income/Expenses | -$38M |
| INCOME BEFORE TAX | $59M |
| Income Tax Expense | $15M |
| Net Income from Continuing Ops | $44M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $44M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $44M |
| D&A | $13M |
| EBIT | $83M |
| EBITDA | $96M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $44M |
| Depreciation & Amortization | $10M |
| Stock-Based Compensation | $6M |
| Deferred Income Tax | $3M |
| Other Non-Cash Items | -$6M |
| Change in Working Capital | -$41M |
| OPERATING CASH FLOW | $17M |
| Capital Expenditure | -$600.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $10M |
| NET CASH FROM INVESTING | $10M |
| Net Debt Issuance | -$38M |
| Common Stock Repurchased | -$5M |
| Common Dividends Paid | -$9M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$52M |
| FREE CASH FLOW | $17M |
| Net Change in Cash | -$24M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $204M |
| Short-Term Investments | $0 |
| Net Receivables | $159M |
| Inventory | $182M |
| Other Current Assets | $75M |
| TOTAL CURRENT ASSETS | $620M |
| PP&E (Net) | $249M |
| Goodwill | $15M |
| Intangible Assets | $7M |
| Long-Term Investments | $0 |
| Tax Assets | $173M |
| Other Non-Current Assets | $0 |
| TOTAL NON-CURRENT ASSETS | $444M |
| TOTAL ASSETS | $1.1B |
| Account Payables | $72M |
| Short-Term Debt | $10M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $235M |
| Long-Term Debt | $1.4B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $42M |
| TOTAL NON-CURRENT LIABILITIES | $1.4B |
| TOTAL LIABILITIES | $1.7B |
| Common Stock | $600.0K |
| Additional Paid-In Capital | $82M |
| Retained Earnings | -$411M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$284M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$613M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$613M |
| TOTAL LIABILITIES & EQUITY | $1.1B |
| Total Debt | $1.4B |
| Net Debt | $1.2B |
