| Metric | Q1 2026 | Q4 2025 | Q1 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $219M | $213M | $215M | 2.9% | 1.9% |
| Op. Income | $51M | $55M | $60M | -8.2% | -16.0% |
| Gross Margin | 77.3% | 79.1% | 47.3% | -1.8pp | 30.1pp |
| Net Margin | 9.9% | 11.7% | 14.2% | -1.8pp | -4.3pp |
| EPS (Diluted) | $0.20 | $0.24 | $0.27 | -16.7% | -25.9% |
| Free Cash Flow | $42M | $75M | $37M | -44.5% | 14.0% |
| Item | Amount |
|---|---|
| REVENUE | $219M |
| Cost of Revenue | $50M |
| GROSS PROFIT | $169M |
| R&D Expenses | $6M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $46M |
| Other Expenses | $67M |
| Operating Expenses | $119M |
| Cost & Expenses | $168M |
| OPERATING INCOME | $51M |
| Interest Income | $0 |
| Interest Expense | -$19M |
| Other Income/Expenses | -$20M |
| INCOME BEFORE TAX | $31M |
| Income Tax Expense | -$9M |
| Net Income from Continuing Ops | $22M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $22M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $22M |
| D&A | $54M |
| EBIT | $0 |
| EBITDA | $47M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $219M |
| Cost of Revenue | $50M |
| GROSS PROFIT | $169M |
| R&D Expenses | $6M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $46M |
| Other Expenses | $67M |
| Operating Expenses | $119M |
| Cost & Expenses | $168M |
| OPERATING INCOME | $51M |
| Interest Income | $0 |
| Interest Expense | -$19M |
| Other Income/Expenses | -$20M |
| INCOME BEFORE TAX | $31M |
| Income Tax Expense | -$9M |
| Net Income from Continuing Ops | $22M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $22M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $22M |
| D&A | $54M |
| EBIT | $0 |
| EBITDA | $47M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $22M |
| Depreciation & Amortization | $54M |
| Stock-Based Compensation | $11M |
| Deferred Income Tax | $8M |
| Other Non-Cash Items | -$23M |
| Change in Working Capital | $0 |
| OPERATING CASH FLOW | $72M |
| Capital Expenditure | -$30M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$30M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$10M |
| NET CASH FROM FINANCING | -$26M |
| FREE CASH FLOW | $42M |
| Net Change in Cash | $15M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $112M |
| Short-Term Investments | $0 |
| Net Receivables | $104M |
| Inventory | $70M |
| Other Current Assets | $23M |
| TOTAL CURRENT ASSETS | $309M |
| PP&E (Net) | $2.0B |
| Goodwill | $99M |
| Intangible Assets | $85M |
| Long-Term Investments | $39M |
| Tax Assets | $0 |
| Other Non-Current Assets | $47M |
| TOTAL NON-CURRENT ASSETS | $2.2B |
| TOTAL ASSETS | $2.5B |
| Account Payables | $12M |
| Short-Term Debt | $8M |
| Deferred Revenue | $38M |
| Other Current Liabilities | $51M |
| TOTAL CURRENT LIABILITIES | $108M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $138M |
| Other Non-Current Liabilities | $1.8B |
| TOTAL NON-CURRENT LIABILITIES | $2.0B |
| TOTAL LIABILITIES | $2.1B |
| Common Stock | $106.0K |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$397M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$2M |
| Other Equity | $867M |
| TOTAL STOCKHOLDERS' EQUITY | $468M |
| Minority Interest | $0 |
| TOTAL EQUITY | $468M |
| TOTAL LIABILITIES & EQUITY | $2.5B |
| Total Debt | $8M |
| Net Debt | -$104M |
