| Metric | Q1 2026 | Q4 2025 | Q1 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.9B | $1.9B | $1.6B | 1.3% | 16.7% |
| Op. Income | $253M | $332M | $225M | -24.0% | 12.2% |
| Gross Margin | 37.8% | 38.9% | 37.6% | -1.1pp | 0.2pp |
| Net Margin | 54.6% | 12.2% | 10.1% | 42.3pp | 44.4pp |
| EPS (Diluted) | $3.77 | $0.84 | $0.60 | 348.8% | 528.3% |
| Free Cash Flow | $18M | $458M | $78M | -96.0% | -76.5% |
| Item | Amount |
|---|---|
| REVENUE | $1.9B |
| Cost of Revenue | $1.2B |
| GROSS PROFIT | $709M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $456M |
| Other Expenses | $0 |
| Operating Expenses | $456M |
| Cost & Expenses | $1.6B |
| OPERATING INCOME | $253M |
| Interest Income | $0 |
| Interest Expense | $47M |
| Other Income/Expenses | $818M |
| INCOME BEFORE TAX | $1.1B |
| Income Tax Expense | $49M |
| Net Income from Continuing Ops | $1.0B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.0B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.0B |
| D&A | $63M |
| EBIT | $232M |
| EBITDA | $295M |
| EPS | $4 |
| EPS Diluted | $4 |
| Item | Amount |
|---|---|
| REVENUE | $1.9B |
| Cost of Revenue | $1.2B |
| GROSS PROFIT | $709M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $456M |
| Other Expenses | $0 |
| Operating Expenses | $456M |
| Cost & Expenses | $1.6B |
| OPERATING INCOME | $253M |
| Interest Income | $0 |
| Interest Expense | $47M |
| Other Income/Expenses | $818M |
| INCOME BEFORE TAX | $1.1B |
| Income Tax Expense | $49M |
| Net Income from Continuing Ops | $1.0B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1.0B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1.0B |
| D&A | $63M |
| EBIT | $232M |
| EBITDA | $295M |
| EPS | $4 |
| EPS Diluted | $4 |
| Item | Amount |
|---|---|
| Net Income | $1.0B |
| Depreciation & Amortization | $63M |
| Stock-Based Compensation | $21M |
| Deferred Income Tax | -$8M |
| Other Non-Cash Items | -$857M |
| Change in Working Capital | -$191M |
| OPERATING CASH FLOW | $51M |
| Capital Expenditure | -$33M |
| Acquisitions (Net) | -$730M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$762M |
| Net Debt Issuance | $924M |
| Common Stock Repurchased | -$11M |
| Common Dividends Paid | -$129M |
| Other Financing Activities | -$15M |
| NET CASH FROM FINANCING | $782M |
| FREE CASH FLOW | $18M |
| Net Change in Cash | $82M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $178M |
| Short-Term Investments | $0 |
| Net Receivables | $829M |
| Inventory | $0 |
| Other Current Assets | $1.6B |
| TOTAL CURRENT ASSETS | $2.6B |
| PP&E (Net) | $1.5B |
| Goodwill | $6.3B |
| Intangible Assets | $5.0B |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $949M |
| TOTAL NON-CURRENT ASSETS | $13.7B |
| TOTAL ASSETS | $16.3B |
| Account Payables | $1.4B |
| Short-Term Debt | $1.3B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $9M |
| TOTAL CURRENT LIABILITIES | $3.4B |
| Long-Term Debt | $3.6B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $1.3B |
| Other Non-Current Liabilities | $420M |
| TOTAL NON-CURRENT LIABILITIES | $5.3B |
| TOTAL LIABILITIES | $8.8B |
| Common Stock | $2.3B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $4.8B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$149M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $7.0B |
| Minority Interest | $576M |
| TOTAL EQUITY | $7.6B |
| TOTAL LIABILITIES & EQUITY | $16.3B |
| Total Debt | $4.9B |
| Net Debt | $4.7B |
