| Metric | Q1 2026 | Q4 2025 | Q1 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $409M | $515M | $488M | -20.6% | -16.3% |
| Op. Income | $59M | $171M | $149M | -65.7% | -60.6% |
| Gross Margin | 68.4% | 75.6% | 72.2% | -7.3pp | -3.8pp |
| Net Margin | 11.6% | 24.4% | 24.5% | -12.8pp | -12.9pp |
| EPS (Diluted) | $0.58 | $1.49 | $1.38 | -61.1% | -58.0% |
| Item | Amount |
|---|---|
| REVENUE | $409M |
| Cost of Revenue | $129M |
| GROSS PROFIT | $279M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $144M |
| SG&A Expenses | $144M |
| Other Expenses | $76M |
| Operating Expenses | $221M |
| Cost & Expenses | $350M |
| OPERATING INCOME | $59M |
| Interest Income | $401M |
| Interest Expense | $116M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $59M |
| Income Tax Expense | $11M |
| Net Income from Continuing Ops | $47M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $47M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $47M |
| D&A | $0 |
| EBIT | $59M |
| EBITDA | $59M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $409M |
| Cost of Revenue | $129M |
| GROSS PROFIT | $279M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $144M |
| SG&A Expenses | $144M |
| Other Expenses | $76M |
| Operating Expenses | $221M |
| Cost & Expenses | $350M |
| OPERATING INCOME | $59M |
| Interest Income | $401M |
| Interest Expense | $116M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $59M |
| Income Tax Expense | $11M |
| Net Income from Continuing Ops | $47M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $47M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $47M |
| D&A | $0 |
| EBIT | $59M |
| EBITDA | $59M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Cash & Equivalents | $0 |
| Short-Term Investments | $8.3B |
| Net Receivables | $0 |
| Inventory | $0 |
| Other Current Assets | $63M |
| TOTAL CURRENT ASSETS | $8.3B |
| PP&E (Net) | $0 |
| Goodwill | $990M |
| Intangible Assets | $0 |
| Long-Term Investments | $23.7B |
| Tax Assets | $0 |
| Other Non-Current Assets | $2.6B |
| TOTAL NON-CURRENT ASSETS | $27.2B |
| TOTAL ASSETS | $35.5B |
| Account Payables | $0 |
| Short-Term Debt | $1.4B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $29.1B |
| TOTAL CURRENT LIABILITIES | $30.4B |
| Long-Term Debt | $194M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $486M |
| TOTAL NON-CURRENT LIABILITIES | $680M |
| TOTAL LIABILITIES | $31.1B |
| Common Stock | $1.7B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $3.0B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$325M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $4.4B |
| Minority Interest | $0 |
| TOTAL EQUITY | $4.4B |
| TOTAL LIABILITIES & EQUITY | $35.5B |
| Total Debt | $1.6B |
| Net Debt | $1.6B |
