| Metric | Q1 2026 | Q4 2025 | Q1 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $344M | $410M | $363M | -16.2% | -5.2% |
| Op. Income | $6M | $11M | $6M | -48.1% | -4.6% |
| Gross Margin | 27.5% | 31.7% | 25.9% | -4.2pp | 1.6pp |
| Net Margin | 0.3% | 2.8% | 1.4% | -2.5pp | -1.2pp |
| EPS (Diluted) | $0.05 | $0.58 | $0.26 | -92.2% | -82.5% |
| Free Cash Flow | $17M | $45M | $16M | -62.2% | 5.4% |
| Item | Amount |
|---|---|
| REVENUE | $344M |
| Cost of Revenue | $249M |
| GROSS PROFIT | $95M |
| R&D Expenses | $0 |
| Selling & Marketing | $68M |
| General & Administrative | $20M |
| SG&A Expenses | $89M |
| Other Expenses | $0 |
| Operating Expenses | $89M |
| Cost & Expenses | $338M |
| OPERATING INCOME | $6M |
| Interest Income | $712.0K |
| Interest Expense | $139.0K |
| Other Income/Expenses | -$5M |
| INCOME BEFORE TAX | $1M |
| Income Tax Expense | $327.0K |
| Net Income from Continuing Ops | $883.0K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $883.0K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $883.0K |
| D&A | $19M |
| EBIT | $1M |
| EBITDA | $20M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $344M |
| Cost of Revenue | $249M |
| GROSS PROFIT | $95M |
| R&D Expenses | $0 |
| Selling & Marketing | $68M |
| General & Administrative | $20M |
| SG&A Expenses | $89M |
| Other Expenses | $0 |
| Operating Expenses | $89M |
| Cost & Expenses | $338M |
| OPERATING INCOME | $6M |
| Interest Income | $712.0K |
| Interest Expense | $139.0K |
| Other Income/Expenses | -$5M |
| INCOME BEFORE TAX | $1M |
| Income Tax Expense | $327.0K |
| Net Income from Continuing Ops | $883.0K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $883.0K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $883.0K |
| D&A | $19M |
| EBIT | $1M |
| EBITDA | $20M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $883.0K |
| Depreciation & Amortization | $19M |
| Stock-Based Compensation | $1M |
| Deferred Income Tax | -$325.0K |
| Other Non-Cash Items | $1M |
| Change in Working Capital | $14M |
| OPERATING CASH FLOW | $36M |
| Capital Expenditure | -$19M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $857.0K |
| NET CASH FROM INVESTING | -$18M |
| Net Debt Issuance | -$117.0K |
| Common Stock Repurchased | -$42M |
| Common Dividends Paid | -$16M |
| Other Financing Activities | -$685.0K |
| NET CASH FROM FINANCING | -$58M |
| FREE CASH FLOW | $17M |
| Net Change in Cash | -$39M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $67M |
| Short-Term Investments | $0 |
| Net Receivables | $161M |
| Inventory | $172M |
| Other Current Assets | $12M |
| TOTAL CURRENT ASSETS | $413M |
| PP&E (Net) | $1.2B |
| Goodwill | $185M |
| Intangible Assets | $106M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | -$565M |
| TOTAL NON-CURRENT ASSETS | $901M |
| TOTAL ASSETS | $1.3B |
| Account Payables | $81M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $18M |
| TOTAL CURRENT LIABILITIES | $164M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $91M |
| Other Non-Current Liabilities | $6M |
| TOTAL NON-CURRENT LIABILITIES | $236M |
| TOTAL LIABILITIES | $400M |
| Common Stock | $98M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $826M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$11M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $913M |
| Minority Interest | $0 |
| TOTAL EQUITY | $913M |
| TOTAL LIABILITIES & EQUITY | $1.3B |
| Total Debt | $161M |
| Net Debt | $95M |
