| Metric | Q1 2026 | Q4 2025 | Q1 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $78M | $92M | $76M | -16.0% | 1.7% |
| Op. Income | $11M | $26M | $17M | -56.8% | -32.8% |
| Gross Margin | 61.0% | 67.1% | 61.3% | -6.1pp | -0.3pp |
| Net Margin | 11.2% | 21.0% | 18.0% | -9.8pp | -6.8pp |
| EPS (Diluted) | $0.37 | $0.83 | $0.71 | -55.4% | -47.9% |
| Item | Amount |
|---|---|
| REVENUE | $78M |
| Cost of Revenue | $30M |
| GROSS PROFIT | $47M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $2M |
| SG&A Expenses | $2M |
| Other Expenses | $34M |
| Operating Expenses | $36M |
| Cost & Expenses | $66M |
| OPERATING INCOME | $11M |
| Interest Income | $84M |
| Interest Expense | $29M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $11M |
| Income Tax Expense | $3M |
| Net Income from Continuing Ops | $9M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $9M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $9M |
| D&A | $0 |
| EBIT | $11M |
| EBITDA | $11M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $78M |
| Cost of Revenue | $30M |
| GROSS PROFIT | $47M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $2M |
| SG&A Expenses | $2M |
| Other Expenses | $34M |
| Operating Expenses | $36M |
| Cost & Expenses | $66M |
| OPERATING INCOME | $11M |
| Interest Income | $84M |
| Interest Expense | $29M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $11M |
| Income Tax Expense | $3M |
| Net Income from Continuing Ops | $9M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $9M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $9M |
| D&A | $0 |
| EBIT | $11M |
| EBITDA | $11M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Cash & Equivalents | $141M |
| Short-Term Investments | $5M |
| Net Receivables | $33M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $180M |
| PP&E (Net) | $86M |
| Goodwill | $157M |
| Intangible Assets | $33M |
| Long-Term Investments | $6.4B |
| Tax Assets | $0 |
| Other Non-Current Assets | -$6.4B |
| TOTAL NON-CURRENT ASSETS | $276M |
| TOTAL ASSETS | $456M |
| Account Payables | $0 |
| Short-Term Debt | $32M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $32M |
| Long-Term Debt | $3M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $6.0B |
| TOTAL NON-CURRENT LIABILITIES | $6.0B |
| TOTAL LIABILITIES | $6.1B |
| Common Stock | $26M |
| Additional Paid-In Capital | $660M |
| Retained Earnings | $222M |
| Treasury Stock | -$12M |
| Accum. Other Comp. Income | -$8M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $887M |
| Minority Interest | $0 |
| TOTAL EQUITY | $887M |
| TOTAL LIABILITIES & EQUITY | $7.0B |
| Total Debt | $35M |
| Net Debt | -$107M |
