| Metric | Q1 2026 | Q4 2025 | Q1 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $151M | — | $130M | — | 16.5% |
| Op. Income | $14M | — | $9M | — | 50.7% |
| Gross Margin | 29.5% | — | 30.6% | — | -1.1pp |
| Net Margin | 8.0% | — | 5.8% | — | 2.2pp |
| EPS (Diluted) | $0.82 | — | $0.43 | — | 90.7% |
| Free Cash Flow | $8M | — | $4M | — | 94.4% |
| Item | Amount |
|---|---|
| REVENUE | $151M |
| Cost of Revenue | $107M |
| GROSS PROFIT | $45M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $27M |
| Other Expenses | $4M |
| Operating Expenses | $31M |
| Cost & Expenses | $137M |
| OPERATING INCOME | $14M |
| Interest Income | $30.0K |
| Interest Expense | $217.0K |
| Other Income/Expenses | -$187.0K |
| INCOME BEFORE TAX | $14M |
| Income Tax Expense | $1M |
| Net Income from Continuing Ops | $12M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $12M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $12M |
| D&A | $4M |
| EBIT | $14M |
| EBITDA | $18M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $151M |
| Cost of Revenue | $107M |
| GROSS PROFIT | $45M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $27M |
| Other Expenses | $4M |
| Operating Expenses | $31M |
| Cost & Expenses | $137M |
| OPERATING INCOME | $14M |
| Interest Income | $30.0K |
| Interest Expense | $217.0K |
| Other Income/Expenses | -$187.0K |
| INCOME BEFORE TAX | $14M |
| Income Tax Expense | $1M |
| Net Income from Continuing Ops | $12M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $12M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $12M |
| D&A | $4M |
| EBIT | $14M |
| EBITDA | $18M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $12M |
| Depreciation & Amortization | $4M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | -$1M |
| Other Non-Cash Items | $3M |
| Change in Working Capital | -$6M |
| OPERATING CASH FLOW | $16M |
| Capital Expenditure | -$8M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$8M |
| Net Debt Issuance | -$292.0K |
| Common Stock Repurchased | -$3M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $2M |
| NET CASH FROM FINANCING | -$647.0K |
| FREE CASH FLOW | $8M |
| Net Change in Cash | $7M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $23M |
| Short-Term Investments | $0 |
| Net Receivables | $118M |
| Inventory | $0 |
| Other Current Assets | $2M |
| TOTAL CURRENT ASSETS | $153M |
| PP&E (Net) | $96M |
| Goodwill | $12M |
| Intangible Assets | $0 |
| Long-Term Investments | $451.0K |
| Tax Assets | $0 |
| Other Non-Current Assets | $23M |
| TOTAL NON-CURRENT ASSETS | $131M |
| TOTAL ASSETS | $284M |
| Account Payables | $25M |
| Short-Term Debt | $0 |
| Deferred Revenue | $6M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $84M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $1M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $4M |
| TOTAL NON-CURRENT LIABILITIES | $56M |
| TOTAL LIABILITIES | $140M |
| Common Stock | $2.0K |
| Additional Paid-In Capital | $222M |
| Retained Earnings | $38M |
| Treasury Stock | -$106M |
| Accum. Other Comp. Income | -$10M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $144M |
| Minority Interest | $0 |
| TOTAL EQUITY | $144M |
| TOTAL LIABILITIES & EQUITY | $284M |
| Total Debt | $67M |
| Net Debt | $44M |
