| Metric | Q1 2026 | Q4 2025 | Q1 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $282M | $270M | $263M | 4.4% | 7.4% |
| Op. Income | $65M | $67M | $63M | -3.1% | 2.8% |
| Gross Margin | 55.1% | 54.4% | 56.4% | 0.7pp | -1.3pp |
| Net Margin | 17.5% | 19.2% | 20.0% | -1.7pp | -2.5pp |
| EPS (Diluted) | $0.82 | $0.86 | $0.85 | -4.7% | -3.5% |
| Free Cash Flow | $80M | $142M | $74M | -43.9% | 7.5% |
| Item | Amount |
|---|---|
| REVENUE | $282M |
| Cost of Revenue | $127M |
| GROSS PROFIT | $156M |
| R&D Expenses | $37M |
| Selling & Marketing | $28M |
| General & Administrative | $24M |
| SG&A Expenses | $51M |
| Other Expenses | $2M |
| Operating Expenses | $91M |
| Cost & Expenses | $217M |
| OPERATING INCOME | $65M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $4M |
| INCOME BEFORE TAX | $69M |
| Income Tax Expense | $20M |
| Net Income from Continuing Ops | $49M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $49M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $49M |
| D&A | $2M |
| EBIT | $65M |
| EBITDA | $67M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $282M |
| Cost of Revenue | $127M |
| GROSS PROFIT | $156M |
| R&D Expenses | $37M |
| Selling & Marketing | $28M |
| General & Administrative | $24M |
| SG&A Expenses | $51M |
| Other Expenses | $2M |
| Operating Expenses | $91M |
| Cost & Expenses | $217M |
| OPERATING INCOME | $65M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $4M |
| INCOME BEFORE TAX | $69M |
| Income Tax Expense | $20M |
| Net Income from Continuing Ops | $49M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $49M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $49M |
| D&A | $2M |
| EBIT | $65M |
| EBITDA | $67M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $49M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $27M |
| Deferred Income Tax | $32M |
| Other Non-Cash Items | -$2M |
| Change in Working Capital | -$23M |
| OPERATING CASH FLOW | $84M |
| Capital Expenditure | -$4M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$4M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$179M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$179M |
| FREE CASH FLOW | $80M |
| Net Change in Cash | -$103M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $226M |
| Short-Term Investments | $0 |
| Net Receivables | $227M |
| Inventory | $0 |
| Other Current Assets | $63M |
| TOTAL CURRENT ASSETS | $516M |
| PP&E (Net) | $73M |
| Goodwill | $62M |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $44M |
| Other Non-Current Assets | $46M |
| TOTAL NON-CURRENT ASSETS | $225M |
| TOTAL ASSETS | $741M |
| Account Payables | $22M |
| Short-Term Debt | $0 |
| Deferred Revenue | $356M |
| Other Current Liabilities | $89M |
| TOTAL CURRENT LIABILITIES | $467M |
| Long-Term Debt | $56M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $12M |
| TOTAL NON-CURRENT LIABILITIES | $68M |
| TOTAL LIABILITIES | $535M |
| Common Stock | $591.0K |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $241M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$36M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $205M |
| Minority Interest | $0 |
| TOTAL EQUITY | $205M |
| TOTAL LIABILITIES & EQUITY | $741M |
| Total Debt | $56M |
| Net Debt | -$170M |
