| Metric | Q1 2026 | Q4 2025 | Q1 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $106M | $70M | $81M | 50.4% | 30.9% |
| Op. Income | $20M | $15M | $18M | 36.8% | 15.8% |
| Net Margin | 14.2% | 11.0% | 15.7% | 3.2pp | -1.5pp |
| EPS (Diluted) | $0.36 | $0.19 | $0.33 | 89.5% | 9.1% |
| Item | Amount |
|---|---|
| REVENUE | $106M |
| Cost of Revenue | $0 |
| GROSS PROFIT | $0 |
| R&D Expenses | $0 |
| Selling & Marketing | $1M |
| General & Administrative | $8M |
| SG&A Expenses | $9M |
| Other Expenses | $0 |
| Operating Expenses | $9M |
| Cost & Expenses | $0 |
| OPERATING INCOME | $20M |
| Interest Income | $0 |
| Interest Expense | $41M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $20M |
| Income Tax Expense | $5M |
| Net Income from Continuing Ops | $15M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $15M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $15M |
| D&A | $0 |
| EBIT | $20M |
| EBITDA | $20M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Cash & Equivalents | $328M |
| Short-Term Investments | $277M |
| Net Receivables | $6.2B |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $6.8B |
| PP&E (Net) | $47M |
| Goodwill | $19M |
| Intangible Assets | $18M |
| Long-Term Investments | $0 |
| Tax Assets | $50M |
| Other Non-Current Assets | $0 |
| TOTAL NON-CURRENT ASSETS | $134M |
| TOTAL ASSETS | $7.2B |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $0 |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $6.4B |
| TOTAL NON-CURRENT LIABILITIES | $6.4B |
| TOTAL LIABILITIES | $6.4B |
| Common Stock | -$42M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $457M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$6M |
| Other Equity | $433M |
| TOTAL STOCKHOLDERS' EQUITY | $843M |
| Minority Interest | $0 |
| TOTAL EQUITY | $843M |
| TOTAL LIABILITIES & EQUITY | $7.2B |
| Total Debt | $0 |
| Net Debt | -$328M |
