| Metric | Q1 2026 | Q4 2025 | Q1 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $292M | $301M | $260M | -3.0% | 12.3% |
| Op. Income | $28M | $15M | $13M | 86.0% | 118.2% |
| Gross Margin | 33.3% | 31.1% | 33.1% | 2.2pp | 0.2pp |
| Net Margin | -4.7% | -24.8% | 8.9% | 20.1pp | -13.6pp |
| EPS (Diluted) | $-0.12 | $-0.52 | $0.13 | 76.9% | -192.3% |
| Free Cash Flow | -$32M | -$1M | -$12M | -2810.5% | -165.5% |
| Item | Amount |
|---|---|
| REVENUE | $292M |
| Cost of Revenue | $195M |
| GROSS PROFIT | $97M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $35M |
| Other Expenses | $34M |
| Operating Expenses | $69M |
| Cost & Expenses | $264M |
| OPERATING INCOME | $28M |
| Interest Income | $0 |
| Interest Expense | $53M |
| Other Income/Expenses | -$55M |
| INCOME BEFORE TAX | -$27M |
| Income Tax Expense | -$13M |
| Net Income from Continuing Ops | -$14M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$14M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$16M |
| D&A | $33M |
| EBIT | $27M |
| EBITDA | $60M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$14M |
| Depreciation & Amortization | $33M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | -$17M |
| Other Non-Cash Items | $13M |
| Change in Working Capital | -$26M |
| OPERATING CASH FLOW | -$6M |
| Capital Expenditure | -$26M |
| Acquisitions (Net) | -$44M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$315M |
| Net Debt Issuance | $365M |
| Common Stock Repurchased | -$5M |
| Common Dividends Paid | -$8M |
| Other Financing Activities | -$58M |
| NET CASH FROM FINANCING | $293M |
| FREE CASH FLOW | -$32M |
| Net Change in Cash | -$29M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $79M |
| Short-Term Investments | $0 |
| Net Receivables | $6M |
| Inventory | $16M |
| Other Current Assets | $28M |
| TOTAL CURRENT ASSETS | $128M |
| PP&E (Net) | $2.0B |
| Goodwill | $842M |
| Intangible Assets | $45M |
| Long-Term Investments | $26M |
| Tax Assets | $118M |
| Other Non-Current Assets | $9M |
| TOTAL NON-CURRENT ASSETS | $3.1B |
| TOTAL ASSETS | $3.2B |
| Account Payables | $34M |
| Short-Term Debt | $10M |
| Deferred Revenue | $45M |
| Other Current Liabilities | $19M |
| TOTAL CURRENT LIABILITIES | $202M |
| Long-Term Debt | $1.3B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $4M |
| Other Non-Current Liabilities | $524M |
| TOTAL NON-CURRENT LIABILITIES | $3.1B |
| TOTAL LIABILITIES | $3.3B |
| Common Stock | $17.0K |
| Additional Paid-In Capital | $477M |
| Retained Earnings | -$238M |
| Treasury Stock | -$451M |
| Accum. Other Comp. Income | -$2M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$86M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$86M |
| TOTAL LIABILITIES & EQUITY | $3.2B |
| Total Debt | $2.6B |
| Net Debt | $2.5B |
