| Metric | Q1 2026 | Q4 2025 | Q1 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $200M | $178M | $166M | 12.4% | 20.2% |
| Op. Income | $19M | $888.0K | $87M | 2082.4% | -77.6% |
| Gross Margin | 49.4% | 45.7% | 52.4% | 3.7pp | -3.0pp |
| Net Margin | 8.4% | 3.6% | 49.1% | 4.8pp | -40.7pp |
| EPS (Diluted) | $0.32 | $0.12 | $1.51 | 166.7% | -78.8% |
| Free Cash Flow | -$12M | $4M | $9M | -360.9% | -233.4% |
| Item | Amount |
|---|---|
| REVENUE | $200M |
| Cost of Revenue | $101M |
| GROSS PROFIT | $99M |
| R&D Expenses | $40M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $39M |
| Other Expenses | $0 |
| Operating Expenses | $79M |
| Cost & Expenses | $180M |
| OPERATING INCOME | $19M |
| Interest Income | $5M |
| Interest Expense | $40.0K |
| Other Income/Expenses | $3M |
| INCOME BEFORE TAX | $23M |
| Income Tax Expense | $6M |
| Net Income from Continuing Ops | $17M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $17M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $17M |
| D&A | $4M |
| EBIT | $23M |
| EBITDA | $27M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $200M |
| Cost of Revenue | $101M |
| GROSS PROFIT | $99M |
| R&D Expenses | $40M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $39M |
| Other Expenses | $0 |
| Operating Expenses | $79M |
| Cost & Expenses | $180M |
| OPERATING INCOME | $19M |
| Interest Income | $5M |
| Interest Expense | $40.0K |
| Other Income/Expenses | $3M |
| INCOME BEFORE TAX | $23M |
| Income Tax Expense | $6M |
| Net Income from Continuing Ops | $17M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $17M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $17M |
| D&A | $4M |
| EBIT | $23M |
| EBITDA | $27M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $17M |
| Depreciation & Amortization | $4M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | -$308.0K |
| Other Non-Cash Items | $8M |
| Change in Working Capital | -$38M |
| OPERATING CASH FLOW | -$9M |
| Capital Expenditure | -$3M |
| Acquisitions (Net) | $1.0K |
| Purchases of Investments | -$89M |
| Sales/Maturities of Investments | $185M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $93M |
| Net Debt Issuance | -$114.0K |
| Common Stock Repurchased | -$7M |
| Common Dividends Paid | -$11M |
| Other Financing Activities | -$335.0K |
| NET CASH FROM FINANCING | -$18M |
| FREE CASH FLOW | -$12M |
| Net Change in Cash | $66M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $282M |
| Short-Term Investments | $199M |
| Net Receivables | $216M |
| Inventory | $177M |
| Other Current Assets | $41M |
| TOTAL CURRENT ASSETS | $914M |
| PP&E (Net) | $88M |
| Goodwill | $70M |
| Intangible Assets | $5M |
| Long-Term Investments | $8M |
| Tax Assets | $16M |
| Other Non-Current Assets | $13M |
| TOTAL NON-CURRENT ASSETS | $200M |
| TOTAL ASSETS | $1.1B |
| Account Payables | $69M |
| Short-Term Debt | $0 |
| Deferred Revenue | $35M |
| Other Current Liabilities | $14M |
| TOTAL CURRENT LIABILITIES | $197M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $36M |
| Other Non-Current Liabilities | $26M |
| TOTAL NON-CURRENT LIABILITIES | $93M |
| TOTAL LIABILITIES | $290M |
| Common Stock | $620M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $1.2B |
| Treasury Stock | -$976M |
| Accum. Other Comp. Income | -$25M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $825M |
| Minority Interest | $0 |
| TOTAL EQUITY | $825M |
| TOTAL LIABILITIES & EQUITY | $1.1B |
| Total Debt | $37M |
| Net Debt | -$245M |
