| Metric | Q1 2026 | Q4 2025 | Q1 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $605M | $666M | $514M | -9.2% | 17.9% |
| Op. Income | $90M | $139M | $95M | -35.5% | -5.2% |
| Gross Margin | 38.5% | 38.5% | 38.5% | 0.0pp | 0.0pp |
| Net Margin | 16.1% | 18.3% | 17.3% | -2.2pp | -1.2pp |
| EPS (Diluted) | $1.42 | $1.76 | $1.30 | -19.3% | 9.2% |
| Free Cash Flow | -$145M | $344M | -$75M | -142.1% | -92.1% |
| Item | Amount |
|---|---|
| REVENUE | $605M |
| Cost of Revenue | $372M |
| GROSS PROFIT | $233M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $48M |
| SG&A Expenses | $48M |
| Other Expenses | $96M |
| Operating Expenses | $143M |
| Cost & Expenses | $516M |
| OPERATING INCOME | $90M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $8M |
| INCOME BEFORE TAX | $98M |
| Income Tax Expense | $517.0K |
| Net Income from Continuing Ops | $98M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $98M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $98M |
| D&A | $16M |
| EBIT | $128M |
| EBITDA | $144M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $605M |
| Cost of Revenue | $372M |
| GROSS PROFIT | $233M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $48M |
| SG&A Expenses | $48M |
| Other Expenses | $96M |
| Operating Expenses | $143M |
| Cost & Expenses | $516M |
| OPERATING INCOME | $90M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $8M |
| INCOME BEFORE TAX | $98M |
| Income Tax Expense | $517.0K |
| Net Income from Continuing Ops | $98M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $98M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $98M |
| D&A | $16M |
| EBIT | $128M |
| EBITDA | $144M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $98M |
| Depreciation & Amortization | $16M |
| Stock-Based Compensation | $42M |
| Deferred Income Tax | -$1M |
| Other Non-Cash Items | $27M |
| Change in Working Capital | -$314M |
| OPERATING CASH FLOW | -$132M |
| Capital Expenditure | -$13M |
| Acquisitions (Net) | -$725.0K |
| Purchases of Investments | -$153M |
| Sales/Maturities of Investments | $277M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $110M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$8M |
| Common Dividends Paid | -$52M |
| Other Financing Activities | -$136M |
| NET CASH FROM FINANCING | -$197M |
| FREE CASH FLOW | -$145M |
| Net Change in Cash | -$177M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $794M |
| Short-Term Investments | $43M |
| Net Receivables | $401M |
| Inventory | $0 |
| Other Current Assets | $5M |
| TOTAL CURRENT ASSETS | $1.2B |
| PP&E (Net) | $515M |
| Goodwill | $1.3B |
| Intangible Assets | $204M |
| Long-Term Investments | $30M |
| Tax Assets | $96M |
| Other Non-Current Assets | $135M |
| TOTAL NON-CURRENT ASSETS | $2.3B |
| TOTAL ASSETS | $3.5B |
| Account Payables | $106M |
| Short-Term Debt | $0 |
| Deferred Revenue | $51M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $798M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $9M |
| Other Non-Current Liabilities | $93M |
| TOTAL NON-CURRENT LIABILITIES | $542M |
| TOTAL LIABILITIES | $1.3B |
| Common Stock | $70.0K |
| Additional Paid-In Capital | $744M |
| Retained Earnings | $1.4B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$15M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.2B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.2B |
| TOTAL LIABILITIES & EQUITY | $3.5B |
| Total Debt | $440M |
| Net Debt | -$353M |
