| Metric | Q1 2026 | Q4 2025 | Q1 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.1B | — | $910M | — | 20.9% |
| Op. Income | $121M | — | $91M | — | 32.7% |
| Gross Margin | 26.7% | — | 26.6% | — | 0.1pp |
| Net Margin | 7.2% | — | 5.8% | — | 1.3pp |
| EPS (Diluted) | $2.46 | — | $1.64 | — | 50.0% |
| Free Cash Flow | -$79M | — | -$165M | — | 52.0% |
| Item | Amount |
|---|---|
| REVENUE | $1.1B |
| Cost of Revenue | $806M |
| GROSS PROFIT | $294M |
| R&D Expenses | $25M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $149M |
| Other Expenses | $0 |
| Operating Expenses | $174M |
| Cost & Expenses | $980M |
| OPERATING INCOME | $121M |
| Interest Income | $0 |
| Interest Expense | $17M |
| Other Income/Expenses | -$19M |
| INCOME BEFORE TAX | $101M |
| Income Tax Expense | $22M |
| Net Income from Continuing Ops | $79M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $79M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $79M |
| D&A | $28M |
| EBIT | $121M |
| EBITDA | $148M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $1.1B |
| Cost of Revenue | $806M |
| GROSS PROFIT | $294M |
| R&D Expenses | $25M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $149M |
| Other Expenses | $0 |
| Operating Expenses | $174M |
| Cost & Expenses | $980M |
| OPERATING INCOME | $121M |
| Interest Income | $0 |
| Interest Expense | $17M |
| Other Income/Expenses | -$19M |
| INCOME BEFORE TAX | $101M |
| Income Tax Expense | $22M |
| Net Income from Continuing Ops | $79M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $79M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $79M |
| D&A | $28M |
| EBIT | $121M |
| EBITDA | $148M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $79M |
| Depreciation & Amortization | $28M |
| Stock-Based Compensation | $5M |
| Deferred Income Tax | $16M |
| Other Non-Cash Items | $217.0K |
| Change in Working Capital | -$172M |
| OPERATING CASH FLOW | -$45M |
| Capital Expenditure | -$34M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $3M |
| NET CASH FROM INVESTING | -$31M |
| Net Debt Issuance | $107M |
| Common Stock Repurchased | -$45M |
| Common Dividends Paid | -$9M |
| Other Financing Activities | -$339.0K |
| NET CASH FROM FINANCING | $88M |
| FREE CASH FLOW | -$79M |
| Net Change in Cash | $12M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $73M |
| Short-Term Investments | $0 |
| Net Receivables | $1.4B |
| Inventory | $916M |
| Other Current Assets | $89M |
| TOTAL CURRENT ASSETS | $2.5B |
| PP&E (Net) | $1.1B |
| Goodwill | $877M |
| Intangible Assets | $64M |
| Long-Term Investments | $0 |
| Tax Assets | $7M |
| Other Non-Current Assets | $54M |
| TOTAL NON-CURRENT ASSETS | $2.1B |
| TOTAL ASSETS | $4.6B |
| Account Payables | $295M |
| Short-Term Debt | $5M |
| Deferred Revenue | $410M |
| Other Current Liabilities | $201M |
| TOTAL CURRENT LIABILITIES | $1.1B |
| Long-Term Debt | $1.1B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $33M |
| Other Non-Current Liabilities | $348M |
| TOTAL NON-CURRENT LIABILITIES | $1.4B |
| TOTAL LIABILITIES | $2.5B |
| Common Stock | $51M |
| Additional Paid-In Capital | $920M |
| Retained Earnings | $2.9B |
| Treasury Stock | -$1.2B |
| Accum. Other Comp. Income | -$568M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.1B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.1B |
| TOTAL LIABILITIES & EQUITY | $4.6B |
| Total Debt | $1.1B |
| Net Debt | $984M |
