| Metric | Q1 2026 | Q4 2025 | Q1 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $42M | $67M | $51M | -37.0% | -18.0% |
| Op. Income | $4M | $27M | $10M | -84.5% | -57.3% |
| Gross Margin | 28.4% | 52.4% | 33.7% | -24.0pp | -5.3pp |
| Net Margin | 6.8% | 31.0% | 13.9% | -24.2pp | -7.1pp |
| EPS (Diluted) | $1.29 | $9.39 | $3.24 | -86.3% | -60.2% |
| Item | Amount |
|---|---|
| REVENUE | $42M |
| Cost of Revenue | $30M |
| GROSS PROFIT | $12M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $5M |
| SG&A Expenses | $5M |
| Other Expenses | $3M |
| Operating Expenses | $8M |
| Cost & Expenses | $38M |
| OPERATING INCOME | $4M |
| Interest Income | $52M |
| Interest Expense | $30M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $4M |
| Income Tax Expense | $1M |
| Net Income from Continuing Ops | $3M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $3M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $3M |
| D&A | $0 |
| EBIT | $4M |
| EBITDA | $4M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $42M |
| Cost of Revenue | $30M |
| GROSS PROFIT | $12M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $5M |
| SG&A Expenses | $5M |
| Other Expenses | $3M |
| Operating Expenses | $8M |
| Cost & Expenses | $38M |
| OPERATING INCOME | $4M |
| Interest Income | $52M |
| Interest Expense | $30M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $4M |
| Income Tax Expense | $1M |
| Net Income from Continuing Ops | $3M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $3M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $3M |
| D&A | $0 |
| EBIT | $4M |
| EBITDA | $4M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Cash & Equivalents | $5M |
| Short-Term Investments | $0 |
| Net Receivables | $9M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $15M |
| PP&E (Net) | $16M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $4.5B |
| Tax Assets | $0 |
| Other Non-Current Assets | $29M |
| TOTAL NON-CURRENT ASSETS | $4.5B |
| TOTAL ASSETS | $4.5B |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $0 |
| Long-Term Debt | $1.4B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $6M |
| Other Non-Current Liabilities | $2.6B |
| TOTAL NON-CURRENT LIABILITIES | $4.1B |
| TOTAL LIABILITIES | $4.1B |
| Common Stock | $2M |
| Additional Paid-In Capital | $17M |
| Retained Earnings | $463M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $27.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $483M |
| Minority Interest | $0 |
| TOTAL EQUITY | $483M |
| TOTAL LIABILITIES & EQUITY | $4.5B |
| Total Debt | $1.4B |
| Net Debt | $1.4B |
