| Metric | Q1 2026 | Q4 2025 | Q1 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $502M | $491M | $457M | 2.1% | 9.9% |
| Op. Income | $58M | $61M | $44M | -6.2% | 30.3% |
| Gross Margin | 26.9% | 24.6% | 22.4% | 2.2pp | 4.4pp |
| Net Margin | 7.4% | 9.4% | 6.3% | -2.0pp | 1.1pp |
| EPS (Diluted) | $0.49 | $0.60 | $0.35 | -18.3% | 40.0% |
| Free Cash Flow | $37M | $110M | -$55M | -66.6% | 167.2% |
| Item | Amount |
|---|---|
| REVENUE | $502M |
| Cost of Revenue | $367M |
| GROSS PROFIT | $135M |
| R&D Expenses | $18M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $49M |
| Other Expenses | $0 |
| Operating Expenses | $67M |
| Cost & Expenses | $434M |
| OPERATING INCOME | $58M |
| Interest Income | $0 |
| Interest Expense | $12M |
| Other Income/Expenses | -$12M |
| INCOME BEFORE TAX | $46M |
| Income Tax Expense | $8M |
| Net Income from Continuing Ops | $37M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $37M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $37M |
| D&A | $0 |
| EBIT | $0 |
| EBITDA | $58M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $502M |
| Cost of Revenue | $367M |
| GROSS PROFIT | $135M |
| R&D Expenses | $18M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $49M |
| Other Expenses | $0 |
| Operating Expenses | $67M |
| Cost & Expenses | $434M |
| OPERATING INCOME | $58M |
| Interest Income | $0 |
| Interest Expense | $12M |
| Other Income/Expenses | -$12M |
| INCOME BEFORE TAX | $46M |
| Income Tax Expense | $8M |
| Net Income from Continuing Ops | $37M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $37M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $37M |
| D&A | $0 |
| EBIT | $0 |
| EBITDA | $58M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $37M |
| Depreciation & Amortization | $30M |
| Stock-Based Compensation | $9M |
| Deferred Income Tax | $4M |
| Other Non-Cash Items | -$61M |
| Change in Working Capital | $0 |
| OPERATING CASH FLOW | $19M |
| Capital Expenditure | $18M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$43M |
| NET CASH FROM INVESTING | -$25M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $3M |
| NET CASH FROM FINANCING | -$10M |
| FREE CASH FLOW | $37M |
| Net Change in Cash | -$17M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $54M |
| Short-Term Investments | $0 |
| Net Receivables | $291M |
| Inventory | $340M |
| Other Current Assets | $85M |
| TOTAL CURRENT ASSETS | $770M |
| PP&E (Net) | $3.3B |
| Goodwill | $237M |
| Intangible Assets | $0 |
| Long-Term Investments | $5M |
| Tax Assets | $0 |
| Other Non-Current Assets | -$1.6B |
| TOTAL NON-CURRENT ASSETS | $2.0B |
| TOTAL ASSETS | $2.7B |
| Account Payables | $141M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $173M |
| TOTAL CURRENT LIABILITIES | $314M |
| Long-Term Debt | $998M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $88M |
| Other Non-Current Liabilities | $58M |
| TOTAL NON-CURRENT LIABILITIES | $1.1B |
| TOTAL LIABILITIES | $1.5B |
| Common Stock | $1M |
| Additional Paid-In Capital | $993M |
| Retained Earnings | $2.3B |
| Treasury Stock | -$2.0B |
| Accum. Other Comp. Income | -$31M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.3B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.3B |
| TOTAL LIABILITIES & EQUITY | $2.7B |
| Total Debt | $998M |
| Net Debt | $944M |
