| Metric | Q1 2026 | Q4 2025 | Q1 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $293M | $245M | $256M | 19.5% | 14.6% |
| Op. Income | $41M | $25M | $40M | 68.2% | 3.9% |
| Gross Margin | 24.7% | 21.3% | 25.3% | 3.4pp | -0.6pp |
| Net Margin | 9.9% | 6.7% | 11.3% | 3.3pp | -1.3pp |
| EPS (Diluted) | $1.40 | $0.78 | $1.38 | 79.5% | 1.4% |
| Free Cash Flow | $18M | $20M | $7M | -9.2% | 158.7% |
| Item | Amount |
|---|---|
| REVENUE | $293M |
| Cost of Revenue | $221M |
| GROSS PROFIT | $72M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $31M |
| Other Expenses | $0 |
| Operating Expenses | $31M |
| Cost & Expenses | $252M |
| OPERATING INCOME | $41M |
| Interest Income | $0 |
| Interest Expense | $3M |
| Other Income/Expenses | -$2M |
| INCOME BEFORE TAX | $39M |
| Income Tax Expense | $10M |
| Net Income from Continuing Ops | $29M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $29M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $29M |
| D&A | $12M |
| EBIT | $42M |
| EBITDA | $55M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $293M |
| Cost of Revenue | $221M |
| GROSS PROFIT | $72M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $31M |
| Other Expenses | $0 |
| Operating Expenses | $31M |
| Cost & Expenses | $252M |
| OPERATING INCOME | $41M |
| Interest Income | $0 |
| Interest Expense | $3M |
| Other Income/Expenses | -$2M |
| INCOME BEFORE TAX | $39M |
| Income Tax Expense | $10M |
| Net Income from Continuing Ops | $29M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $29M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $29M |
| D&A | $12M |
| EBIT | $42M |
| EBITDA | $55M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $29M |
| Depreciation & Amortization | $12M |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$2M |
| Change in Working Capital | -$11M |
| OPERATING CASH FLOW | $31M |
| Capital Expenditure | -$14M |
| Acquisitions (Net) | -$151M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $327.0K |
| NET CASH FROM INVESTING | -$165M |
| Net Debt Issuance | $150M |
| Common Stock Repurchased | -$3M |
| Common Dividends Paid | -$4M |
| Other Financing Activities | -$764.0K |
| NET CASH FROM FINANCING | $142M |
| FREE CASH FLOW | $18M |
| Net Change in Cash | $9M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $15M |
| Short-Term Investments | $0 |
| Net Receivables | $140M |
| Inventory | $96M |
| Other Current Assets | $6M |
| TOTAL CURRENT ASSETS | $256M |
| PP&E (Net) | $257M |
| Goodwill | $219M |
| Intangible Assets | $240M |
| Long-Term Investments | $2M |
| Tax Assets | $0 |
| Other Non-Current Assets | $15M |
| TOTAL NON-CURRENT ASSETS | $732M |
| TOTAL ASSETS | $988M |
| Account Payables | $63M |
| Short-Term Debt | $10M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $17M |
| TOTAL CURRENT LIABILITIES | $111M |
| Long-Term Debt | $288M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $22M |
| Other Non-Current Liabilities | $72M |
| TOTAL NON-CURRENT LIABILITIES | $393M |
| TOTAL LIABILITIES | $504M |
| Common Stock | $207.0K |
| Additional Paid-In Capital | $23M |
| Retained Earnings | $460M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $1M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $485M |
| Minority Interest | $0 |
| TOTAL EQUITY | $485M |
| TOTAL LIABILITIES & EQUITY | $988M |
| Total Debt | $309M |
| Net Debt | $294M |
