Q1 2026 Earnings

Reported April 13, 2026NEW

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Metric	Q1 2026	Q4 2025	Q1 2025	QoQ Change	YoY Change
Revenue	$252M	—	$203M	—	24.2%
Op. Income	$74M	—	$49M	—	51.9%
Gross Margin	67.3%	—	63.3%	—	3.9pp
Net Margin	22.9%	—	19.4%	—	3.4pp
EPS (Diluted)	$1.10	—	$0.84	—	31.0%

Revenue Flow

Item	Amount
REVENUE	$252M
Cost of Revenue	$82M
GROSS PROFIT	$169M
R&D Expenses	$0
Selling & Marketing	$2M
General & Administrative	$71M
SG&A Expenses	$73M
Other Expenses	$22M
Operating Expenses	$95M
Cost & Expenses	$178M
OPERATING INCOME	$74M
Interest Income	$225M
Interest Expense	$79M
Other Income/Expenses	$0
INCOME BEFORE TAX	$74M
Income Tax Expense	$17M
Net Income from Continuing Ops	$58M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$58M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$58M
D&A	$0
EBIT	$74M
EBITDA	$74M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$252M
Cost of Revenue	$82M
GROSS PROFIT	$169M
R&D Expenses	$0
Selling & Marketing	$2M
General & Administrative	$71M
SG&A Expenses	$73M
Other Expenses	$22M
Operating Expenses	$95M
Cost & Expenses	$178M
OPERATING INCOME	$74M
Interest Income	$225M
Interest Expense	$79M
Other Income/Expenses	$0
INCOME BEFORE TAX	$74M
Income Tax Expense	$17M
Net Income from Continuing Ops	$58M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$58M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$58M
D&A	$0
EBIT	$74M
EBITDA	$74M
EPS	$1
EPS Diluted	$1

Balance Sheet

Item	Amount
Cash & Equivalents	$1.2B
Short-Term Investments	$1.5B
Net Receivables	$60M
Inventory	$0
Other Current Assets	-$2.5B
TOTAL CURRENT ASSETS	$220M
PP&E (Net)	$0
Goodwill	$350M
Intangible Assets	$29M
Long-Term Investments	$15.1B
Tax Assets	$0
Other Non-Current Assets	$738M
TOTAL NON-CURRENT ASSETS	$16.2B
TOTAL ASSETS	$16.5B
Account Payables	$0
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$77M
TOTAL CURRENT LIABILITIES	$77M
Long-Term Debt	$213M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$14.2B
TOTAL NON-CURRENT LIABILITIES	$14.5B
TOTAL LIABILITIES	$14.5B
Common Stock	$51M
Additional Paid-In Capital	$1.1B
Retained Earnings	$893M
Treasury Stock	$0
Accum. Other Comp. Income	-$35M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$2.0B
Minority Interest	$93.0K
TOTAL EQUITY	$2.0B
TOTAL LIABILITIES & EQUITY	$16.5B
Total Debt	$272M
Net Debt	-$885M