Q1 2026 Earnings

Reported April 16, 2026NEW

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Metric	Q1 2026	Q4 2025	Q1 2025	QoQ Change	YoY Change
Revenue	$71M	$81M	$87M	-11.9%	-18.3%
Op. Income	$14M	$19M	$21M	-30.5%	-36.9%
Gross Margin	67.9%	68.9%	64.9%	-0.9pp	3.0pp
Net Margin	24.6%	20.2%	19.7%	4.4pp	4.9pp
EPS (Diluted)	$1.58	$1.43	$1.47	10.5%	7.5%

Revenue Flow

Item	Amount
REVENUE	$71M
Cost of Revenue	$23M
GROSS PROFIT	$48M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$35M
SG&A Expenses	$35M
Other Expenses	$108.0K
Operating Expenses	$35M
Cost & Expenses	$58M
OPERATING INCOME	$14M
Interest Income	$71M
Interest Expense	$23M
Other Income/Expenses	$8M
INCOME BEFORE TAX	$21M
Income Tax Expense	$4M
Net Income from Continuing Ops	$17M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$17M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$17M
D&A	$108.0K
EBIT	$14M
EBITDA	$14M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$71M
Cost of Revenue	$23M
GROSS PROFIT	$48M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$35M
SG&A Expenses	$35M
Other Expenses	$108.0K
Operating Expenses	$35M
Cost & Expenses	$58M
OPERATING INCOME	$14M
Interest Income	$71M
Interest Expense	$23M
Other Income/Expenses	$8M
INCOME BEFORE TAX	$21M
Income Tax Expense	$4M
Net Income from Continuing Ops	$17M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$17M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$17M
D&A	$108.0K
EBIT	$14M
EBITDA	$14M
EPS	$2
EPS Diluted	$2

Balance Sheet

Item	Amount
Cash & Equivalents	$101M
Short-Term Investments	$514M
Net Receivables	$20M
Inventory	$0
Other Current Assets	$4.5B
TOTAL CURRENT ASSETS	$5.1B
PP&E (Net)	$132M
Goodwill	$0
Intangible Assets	$0
Long-Term Investments	$5.3B
Tax Assets	$0
Other Non-Current Assets	-$5.3B
TOTAL NON-CURRENT ASSETS	$142M
TOTAL ASSETS	$5.7B
Account Payables	$0
Short-Term Debt	$471M
Deferred Revenue	$0
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$471M
Long-Term Debt	$26M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$4.6B
TOTAL NON-CURRENT LIABILITIES	$4.6B
TOTAL LIABILITIES	$5.1B
Common Stock	$83.0K
Additional Paid-In Capital	$56M
Retained Earnings	$613M
Treasury Stock	$0
Accum. Other Comp. Income	-$35M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$634M
Minority Interest	$0
TOTAL EQUITY	$634M
TOTAL LIABILITIES & EQUITY	$5.7B
Total Debt	$471M
Net Debt	$369M