| Metric | Q1 2026 | Q4 2025 | Q1 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $474M | $746M | $458M | -36.5% | 3.6% |
| Op. Income | -$28M | $48M | -$32M | -158.2% | 13.3% |
| Gross Margin | 46.7% | 46.9% | 47.3% | -0.2pp | -0.6pp |
| Net Margin | -4.5% | 4.6% | -5.3% | -9.1pp | 0.8pp |
| EPS (Diluted) | $-2.02 | $3.13 | $-2.23 | -164.5% | 9.4% |
| Free Cash Flow | -$120M | $103M | -$40M | -216.1% | -198.9% |
| Item | Amount |
|---|---|
| REVENUE | $474M |
| Cost of Revenue | $253M |
| GROSS PROFIT | $221M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $249M |
| Other Expenses | $0 |
| Operating Expenses | $249M |
| Cost & Expenses | $502M |
| OPERATING INCOME | -$28M |
| Interest Income | $0 |
| Interest Expense | $1M |
| Other Income/Expenses | -$2M |
| INCOME BEFORE TAX | -$30M |
| Income Tax Expense | -$8M |
| Net Income from Continuing Ops | -$21M |
| Net Income from Discontinued Ops | -$15.0K |
| Other Adjustments | $0 |
| NET INCOME | -$21M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$21M |
| D&A | $13M |
| EBIT | -$28M |
| EBITDA | -$15M |
| EPS | -$2 |
| EPS Diluted | -$2 |
| Item | Amount |
|---|---|
| Net Income | -$21M |
| Depreciation & Amortization | $13M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | $172.0K |
| Other Non-Cash Items | $393.0K |
| Change in Working Capital | -$97M |
| OPERATING CASH FLOW | -$101M |
| Capital Expenditure | -$19M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$19M |
| Net Debt Issuance | $121M |
| Common Stock Repurchased | -$13M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$664.0K |
| NET CASH FROM FINANCING | $107M |
| FREE CASH FLOW | -$120M |
| Net Change in Cash | -$12M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $22M |
| Short-Term Investments | $0 |
| Net Receivables | $53M |
| Inventory | $451M |
| Other Current Assets | $108M |
| TOTAL CURRENT ASSETS | $633M |
| PP&E (Net) | $709M |
| Goodwill | $9M |
| Intangible Assets | $28M |
| Long-Term Investments | $0 |
| Tax Assets | $389.0K |
| Other Non-Current Assets | $25M |
| TOTAL NON-CURRENT ASSETS | $771M |
| TOTAL ASSETS | $1.4B |
| Account Payables | $122M |
| Short-Term Debt | $7M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $331M |
| Long-Term Debt | $114M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $48M |
| TOTAL NON-CURRENT LIABILITIES | $551M |
| TOTAL LIABILITIES | $882M |
| Common Stock | $11M |
| Additional Paid-In Capital | $335M |
| Retained Earnings | $232M |
| Treasury Stock | -$18M |
| Accum. Other Comp. Income | -$39M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $522M |
| Minority Interest | $0 |
| TOTAL EQUITY | $522M |
| TOTAL LIABILITIES & EQUITY | $1.4B |
| Total Debt | $637M |
| Net Debt | $616M |
