| Metric | Q1 2026 | Q4 2025 | Q1 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.1B | $1.1B | $836M | -0.6% | 25.7% |
| Op. Income | $176M | $172M | $136M | 2.0% | 29.5% |
| Gross Margin | 48.6% | 50.1% | 50.7% | -1.5pp | -2.1pp |
| Net Margin | 10.2% | 9.8% | 10.0% | 0.4pp | 0.2pp |
| EPS (Diluted) | $2.43 | $2.35 | $1.87 | 3.4% | 29.9% |
| Free Cash Flow | $154M | $171M | $114M | -10.4% | 35.1% |
| Item | Amount |
|---|---|
| REVENUE | $1.1B |
| Cost of Revenue | $541M |
| GROSS PROFIT | $511M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $335M |
| Operating Expenses | $335M |
| Cost & Expenses | $876M |
| OPERATING INCOME | $176M |
| Interest Income | -$227.0K |
| Interest Expense | $35M |
| Other Income/Expenses | -$31M |
| INCOME BEFORE TAX | $145M |
| Income Tax Expense | $37M |
| Net Income from Continuing Ops | $108M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $108M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $108M |
| D&A | $32M |
| EBIT | $176M |
| EBITDA | $211M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $1.1B |
| Cost of Revenue | $541M |
| GROSS PROFIT | $511M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $335M |
| Operating Expenses | $335M |
| Cost & Expenses | $876M |
| OPERATING INCOME | $176M |
| Interest Income | -$227.0K |
| Interest Expense | $35M |
| Other Income/Expenses | -$31M |
| INCOME BEFORE TAX | $145M |
| Income Tax Expense | $37M |
| Net Income from Continuing Ops | $108M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $108M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $108M |
| D&A | $32M |
| EBIT | $176M |
| EBITDA | $211M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $108M |
| Depreciation & Amortization | $64M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$18M |
| Change in Working Capital | $0 |
| OPERATING CASH FLOW | $154M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$116M |
| NET CASH FROM INVESTING | -$116M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$13M |
| NET CASH FROM FINANCING | -$32M |
| FREE CASH FLOW | $154M |
| Net Change in Cash | $6M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $131M |
| Short-Term Investments | $0 |
| Net Receivables | $1.1B |
| Inventory | $539M |
| Other Current Assets | $128M |
| TOTAL CURRENT ASSETS | $1.9B |
| PP&E (Net) | $1.2B |
| Goodwill | $2.0B |
| Intangible Assets | $215M |
| Long-Term Investments | $0 |
| Tax Assets | $7M |
| Other Non-Current Assets | $10M |
| TOTAL NON-CURRENT ASSETS | $3.5B |
| TOTAL ASSETS | $5.4B |
| Account Payables | $207M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $193M |
| TOTAL CURRENT LIABILITIES | $400M |
| Long-Term Debt | $252M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $157M |
| Other Non-Current Liabilities | $2.3B |
| TOTAL NON-CURRENT LIABILITIES | $2.7B |
| TOTAL LIABILITIES | $3.1B |
| Common Stock | $575.0K |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $1.8B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$76M |
| Other Equity | $614M |
| TOTAL STOCKHOLDERS' EQUITY | $2.3B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.3B |
| TOTAL LIABILITIES & EQUITY | $5.4B |
| Total Debt | $252M |
| Net Debt | $121M |
