| Metric | Q1 2026 | Q4 2025 | Q1 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $285M | $319M | $402M | -10.7% | -29.1% |
| Op. Income | -$16M | -$9M | $11M | -66.9% | -241.6% |
| Gross Margin | 34.0% | 35.2% | 29.4% | -1.2pp | 4.5pp |
| Net Margin | 15.3% | -8.6% | -0.9% | 23.9pp | 16.2pp |
| EPS (Diluted) | $1.39 | $-0.88 | $-0.11 | 258.0% | 1363.6% |
| Free Cash Flow | -$57M | $903.0K | -$35M | -6439.9% | -65.7% |
| Item | Amount |
|---|---|
| REVENUE | $285M |
| Cost of Revenue | $188M |
| GROSS PROFIT | $97M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $112M |
| Other Expenses | $0 |
| Operating Expenses | $112M |
| Cost & Expenses | $300M |
| OPERATING INCOME | -$16M |
| Interest Income | $0 |
| Interest Expense | $13M |
| Other Income/Expenses | $100M |
| INCOME BEFORE TAX | $84M |
| Income Tax Expense | $41M |
| Net Income from Continuing Ops | $44M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $44M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $44M |
| D&A | $13M |
| EBIT | $98M |
| EBITDA | $110M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $44M |
| Depreciation & Amortization | $13M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$110M |
| Change in Working Capital | $2M |
| OPERATING CASH FLOW | -$52M |
| Capital Expenditure | -$5M |
| Acquisitions (Net) | -$524.0K |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $243M |
| NET CASH FROM INVESTING | $237M |
| Net Debt Issuance | -$172M |
| Common Stock Repurchased | -$5M |
| Common Dividends Paid | -$9M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$187M |
| FREE CASH FLOW | -$57M |
| Net Change in Cash | -$1M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $31M |
| Short-Term Investments | $0 |
| Net Receivables | $115M |
| Inventory | $192M |
| Other Current Assets | $150M |
| TOTAL CURRENT ASSETS | $489M |
| PP&E (Net) | $191M |
| Goodwill | $432M |
| Intangible Assets | $94M |
| Long-Term Investments | $287M |
| Tax Assets | $0 |
| Other Non-Current Assets | $60M |
| TOTAL NON-CURRENT ASSETS | $1.1B |
| TOTAL ASSETS | $1.6B |
| Account Payables | $95M |
| Short-Term Debt | $23M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $170M |
| TOTAL CURRENT LIABILITIES | $325M |
| Long-Term Debt | $514M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $67M |
| Other Non-Current Liabilities | $55M |
| TOTAL NON-CURRENT LIABILITIES | $685M |
| TOTAL LIABILITIES | $1.0B |
| Common Stock | $36M |
| Additional Paid-In Capital | $140M |
| Retained Earnings | $601M |
| Treasury Stock | -$183M |
| Accum. Other Comp. Income | -$50M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $543M |
| Minority Interest | $0 |
| TOTAL EQUITY | $543M |
| TOTAL LIABILITIES & EQUITY | $1.6B |
| Total Debt | $586M |
| Net Debt | $555M |
