| Metric | Q1 2026 | Q4 2025 | Q1 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $645M | $615M | $601M | 4.8% | 7.3% |
| Op. Income | $184M | $156M | $151M | 18.2% | 21.7% |
| Gross Margin | 45.9% | 44.1% | 42.9% | 1.8pp | 3.1pp |
| Net Margin | 22.3% | 20.7% | 19.8% | 1.6pp | 2.5pp |
| EPS (Diluted) | $1.97 | $1.75 | $1.63 | 12.6% | 20.9% |
| Free Cash Flow | $112M | $315M | $104M | -64.5% | 7.3% |
| Item | Amount |
|---|---|
| REVENUE | $645M |
| Cost of Revenue | $349M |
| GROSS PROFIT | $296M |
| R&D Expenses | $39M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $73M |
| Other Expenses | $0 |
| Operating Expenses | $112M |
| Cost & Expenses | $461M |
| OPERATING INCOME | $184M |
| Interest Income | $7M |
| Interest Expense | $886.0K |
| Other Income/Expenses | $6M |
| INCOME BEFORE TAX | $190M |
| Income Tax Expense | $46M |
| Net Income from Continuing Ops | $144M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $144M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $144M |
| D&A | $52M |
| EBIT | $191M |
| EBITDA | $243M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $645M |
| Cost of Revenue | $349M |
| GROSS PROFIT | $296M |
| R&D Expenses | $39M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $73M |
| Other Expenses | $0 |
| Operating Expenses | $112M |
| Cost & Expenses | $461M |
| OPERATING INCOME | $184M |
| Interest Income | $7M |
| Interest Expense | $886.0K |
| Other Income/Expenses | $6M |
| INCOME BEFORE TAX | $190M |
| Income Tax Expense | $46M |
| Net Income from Continuing Ops | $144M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $144M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $144M |
| D&A | $52M |
| EBIT | $191M |
| EBITDA | $243M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $144M |
| Depreciation & Amortization | $52M |
| Stock-Based Compensation | $6M |
| Deferred Income Tax | $39M |
| Other Non-Cash Items | -$4M |
| Change in Working Capital | -$117M |
| OPERATING CASH FLOW | $121M |
| Capital Expenditure | -$9M |
| Acquisitions (Net) | -$35M |
| Purchases of Investments | -$6M |
| Sales/Maturities of Investments | $1M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$99M |
| Net Debt Issuance | $20M |
| Common Stock Repurchased | -$62M |
| Common Dividends Paid | -$42M |
| Other Financing Activities | -$7M |
| NET CASH FROM FINANCING | -$88M |
| FREE CASH FLOW | $112M |
| Net Change in Cash | -$66M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $36M |
| Short-Term Investments | $0 |
| Net Receivables | $308M |
| Inventory | $0 |
| Other Current Assets | $307M |
| TOTAL CURRENT ASSETS | $652M |
| PP&E (Net) | $205M |
| Goodwill | $827M |
| Intangible Assets | $713M |
| Long-Term Investments | $144M |
| Tax Assets | $0 |
| Other Non-Current Assets | $507M |
| TOTAL NON-CURRENT ASSETS | $2.4B |
| TOTAL ASSETS | $3.0B |
| Account Payables | $18M |
| Short-Term Debt | $9M |
| Deferred Revenue | $245M |
| Other Current Liabilities | -$9M |
| TOTAL CURRENT LIABILITIES | $436M |
| Long-Term Debt | $60M |
| Deferred Revenue NC | $76M |
| Deferred Tax Liabilities | $279M |
| Other Non-Current Liabilities | -$16M |
| TOTAL NON-CURRENT LIABILITIES | $438M |
| TOTAL LIABILITIES | $874M |
| Common Stock | $1M |
| Additional Paid-In Capital | $655M |
| Retained Earnings | $3.5B |
| Treasury Stock | -$2.0B |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.2B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.2B |
| TOTAL LIABILITIES & EQUITY | $3.0B |
| Total Debt | $108M |
| Net Debt | $72M |
