| Metric | Q1 2026 | Q4 2025 | Q1 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $321M | $331M | $336M | -2.8% | -4.4% |
| Op. Income | $54M | $71M | $40M | -24.5% | 35.5% |
| Gross Margin | 59.7% | 58.4% | 53.3% | 1.3pp | 6.4pp |
| Net Margin | 10.6% | 17.5% | 11.4% | -6.9pp | -0.8pp |
| EPS (Diluted) | $0.70 | $1.17 | $0.74 | -40.2% | -5.4% |
| Free Cash Flow | $14M | $101M | -$33M | -86.5% | 141.2% |
| Item | Amount |
|---|---|
| REVENUE | $321M |
| Cost of Revenue | $130M |
| GROSS PROFIT | $192M |
| R&D Expenses | $16M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $122M |
| Operating Expenses | $138M |
| Cost & Expenses | $268M |
| OPERATING INCOME | $54M |
| Interest Income | $0 |
| Interest Expense | $4M |
| Other Income/Expenses | -$9M |
| INCOME BEFORE TAX | $45M |
| Income Tax Expense | $11M |
| Net Income from Continuing Ops | $34M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $34M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $34M |
| D&A | $29M |
| EBIT | $65M |
| EBITDA | $94M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $321M |
| Cost of Revenue | $130M |
| GROSS PROFIT | $192M |
| R&D Expenses | $16M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $122M |
| Operating Expenses | $138M |
| Cost & Expenses | $268M |
| OPERATING INCOME | $54M |
| Interest Income | $0 |
| Interest Expense | $4M |
| Other Income/Expenses | -$9M |
| INCOME BEFORE TAX | $45M |
| Income Tax Expense | $11M |
| Net Income from Continuing Ops | $34M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $34M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $34M |
| D&A | $29M |
| EBIT | $65M |
| EBITDA | $94M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $34M |
| Depreciation & Amortization | $29M |
| Stock-Based Compensation | $9M |
| Deferred Income Tax | -$3M |
| Other Non-Cash Items | $4M |
| Change in Working Capital | -$55M |
| OPERATING CASH FLOW | $17M |
| Capital Expenditure | -$4M |
| Acquisitions (Net) | $297.0K |
| Purchases of Investments | -$18M |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$11M |
| NET CASH FROM INVESTING | -$33M |
| Net Debt Issuance | -$2M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$5M |
| NET CASH FROM FINANCING | -$2M |
| FREE CASH FLOW | $14M |
| Net Change in Cash | -$14M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $293M |
| Short-Term Investments | $0 |
| Net Receivables | $201M |
| Inventory | $361M |
| Other Current Assets | $59M |
| TOTAL CURRENT ASSETS | $913M |
| PP&E (Net) | $287M |
| Goodwill | $607M |
| Intangible Assets | $451M |
| Long-Term Investments | $13M |
| Tax Assets | $8M |
| Other Non-Current Assets | $183M |
| TOTAL NON-CURRENT ASSETS | $1.5B |
| TOTAL ASSETS | $2.5B |
| Account Payables | $46M |
| Short-Term Debt | $304M |
| Deferred Revenue | $49M |
| Other Current Liabilities | $96M |
| TOTAL CURRENT LIABILITIES | $531M |
| Long-Term Debt | $921M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $59M |
| Other Non-Current Liabilities | $68M |
| TOTAL NON-CURRENT LIABILITIES | $1.0B |
| TOTAL LIABILITIES | $1.6B |
| Common Stock | $482.0K |
| Additional Paid-In Capital | $562M |
| Retained Earnings | $356M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$36M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $882M |
| Minority Interest | $0 |
| TOTAL EQUITY | $882M |
| TOTAL LIABILITIES & EQUITY | $2.5B |
| Total Debt | $1.2B |
| Net Debt | $932M |
