| Metric | Q1 2026 | Q4 2025 | Q1 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $272M | $261M | $218M | 4.0% | 24.5% |
| Op. Income | $43M | $40M | $25M | 9.3% | 75.1% |
| Gross Margin | 55.9% | 54.6% | 51.2% | 1.3pp | 4.6pp |
| Net Margin | 18.0% | 17.3% | -76.8% | 0.7pp | 94.8pp |
| EPS (Diluted) | $0.64 | $0.59 | $-2.30 | 8.5% | 127.8% |
| Free Cash Flow | $30M | $49M | $61M | -39.3% | -51.1% |
| Item | Amount |
|---|---|
| REVENUE | $272M |
| Cost of Revenue | $120M |
| GROSS PROFIT | $152M |
| R&D Expenses | $66M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $42M |
| Other Expenses | $0 |
| Operating Expenses | $108M |
| Cost & Expenses | $228M |
| OPERATING INCOME | $43M |
| Interest Income | $8M |
| Interest Expense | $2M |
| Other Income/Expenses | $6M |
| INCOME BEFORE TAX | $50M |
| Income Tax Expense | $822.0K |
| 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 | $12M |
| EBIT | $51M |
| EBITDA | $63M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $272M |
| Cost of Revenue | $120M |
| GROSS PROFIT | $152M |
| R&D Expenses | $66M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $42M |
| Other Expenses | $0 |
| Operating Expenses | $108M |
| Cost & Expenses | $228M |
| OPERATING INCOME | $43M |
| Interest Income | $8M |
| Interest Expense | $2M |
| Other Income/Expenses | $6M |
| INCOME BEFORE TAX | $50M |
| Income Tax Expense | $822.0K |
| 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 | $12M |
| EBIT | $51M |
| EBITDA | $63M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $49M |
| Depreciation & Amortization | $15M |
| Stock-Based Compensation | $22M |
| Deferred Income Tax | $142.0K |
| Other Non-Cash Items | -$797.0K |
| Change in Working Capital | -$43M |
| OPERATING CASH FLOW | $43M |
| Capital Expenditure | -$13M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $26M |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$4M |
| NET CASH FROM INVESTING | $9M |
| Net Debt Issuance | -$1M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$48M |
| NET CASH FROM FINANCING | -$44M |
| FREE CASH FLOW | $30M |
| Net Change in Cash | $8M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $120M |
| Short-Term Investments | $649M |
| Net Receivables | $160M |
| Inventory | $239M |
| Other Current Assets | $39M |
| TOTAL CURRENT ASSETS | $1.2B |
| PP&E (Net) | $235M |
| Goodwill | $336M |
| Intangible Assets | $73M |
| Long-Term Investments | $0 |
| Tax Assets | $208M |
| Other Non-Current Assets | $49M |
| TOTAL NON-CURRENT ASSETS | $900M |
| TOTAL ASSETS | $2.1B |
| Account Payables | $64M |
| Short-Term Debt | $161M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $80M |
| TOTAL CURRENT LIABILITIES | $305M |
| Long-Term Debt | $340M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $41M |
| TOTAL NON-CURRENT LIABILITIES | $448M |
| TOTAL LIABILITIES | $752M |
| Common Stock | $75.0K |
| Additional Paid-In Capital | $1.5B |
| Retained Earnings | -$191M |
| Treasury Stock | -$330.0K |
| Accum. Other Comp. Income | $5M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.4B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.4B |
| TOTAL LIABILITIES & EQUITY | $2.1B |
| Total Debt | $568M |
| Net Debt | $448M |
