Q1 2026 Earnings

Reported April 20, 2026NEW

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Metric	Q1 2026	Q4 2025	Q1 2025	QoQ Change	YoY Change
Revenue	$51M	$53M	$51M	-2.4%	0.5%
Op. Income	$14M	$15M	$14M	-1.1%	4.2%
Gross Margin	72.5%	71.3%	69.1%	1.2pp	3.4pp
Net Margin	22.1%	21.6%	21.4%	0.4pp	0.7pp
EPS (Diluted)	$1.45	$1.46	$1.37	-0.7%	5.8%

Revenue Flow

Item	Amount
REVENUE	$51M
Cost of Revenue	$14M
GROSS PROFIT	$37M
R&D Expenses	$0
Selling & Marketing	$494.0K
General & Administrative	$19M
SG&A Expenses	$19M
Other Expenses	$4M
Operating Expenses	$23M
Cost & Expenses	$37M
OPERATING INCOME	$14M
Interest Income	$48M
Interest Expense	$13M
Other Income/Expenses	$0
INCOME BEFORE TAX	$14M
Income Tax Expense	$3M
Net Income from Continuing Ops	$11M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$11M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$11M
D&A	$0
EBIT	$14M
EBITDA	$14M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$51M
Cost of Revenue	$14M
GROSS PROFIT	$37M
R&D Expenses	$0
Selling & Marketing	$494.0K
General & Administrative	$19M
SG&A Expenses	$19M
Other Expenses	$4M
Operating Expenses	$23M
Cost & Expenses	$37M
OPERATING INCOME	$14M
Interest Income	$48M
Interest Expense	$13M
Other Income/Expenses	$0
INCOME BEFORE TAX	$14M
Income Tax Expense	$3M
Net Income from Continuing Ops	$11M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$11M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$11M
D&A	$0
EBIT	$14M
EBITDA	$14M
EPS	$1
EPS Diluted	$1

Balance Sheet

Item	Amount
Cash & Equivalents	$223M
Short-Term Investments	$386M
Net Receivables	$65M
Inventory	$0
Other Current Assets	$2M
TOTAL CURRENT ASSETS	$676M
PP&E (Net)	$51M
Goodwill	$84M
Intangible Assets	$0
Long-Term Investments	$2.7B
Tax Assets	$0
Other Non-Current Assets	$50M
TOTAL NON-CURRENT ASSETS	$2.9B
TOTAL ASSETS	$3.6B
Account Payables	$0
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$3.0B
TOTAL CURRENT LIABILITIES	$3.0B
Long-Term Debt	$55M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$29M
TOTAL NON-CURRENT LIABILITIES	$83M
TOTAL LIABILITIES	$3.1B
Common Stock	$78.0K
Additional Paid-In Capital	$170M
Retained Earnings	$294M
Treasury Stock	-$893.0K
Accum. Other Comp. Income	-$18M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$444M
Minority Interest	$0
TOTAL EQUITY	$444M
TOTAL LIABILITIES & EQUITY	$3.6B
Total Debt	$55M
Net Debt	-$169M