| Metric | Q1 2026 | Q4 2025 | Q1 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $102M | $139M | $131M | -26.7% | -22.0% |
| Op. Income | $19M | $50M | $40M | -62.1% | -52.6% |
| Gross Margin | 46.4% | 71.2% | 67.1% | -24.8pp | -20.7pp |
| Net Margin | 14.9% | 28.9% | 24.9% | -14.0pp | -10.0pp |
| EPS (Diluted) | $1.00 | $2.65 | $2.08 | -62.3% | -51.9% |
| Item | Amount |
|---|---|
| REVENUE | $102M |
| Cost of Revenue | $55M |
| GROSS PROFIT | $47M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $51M |
| SG&A Expenses | $51M |
| Other Expenses | -$22M |
| Operating Expenses | $28M |
| Cost & Expenses | $83M |
| OPERATING INCOME | $19M |
| Interest Income | $158M |
| Interest Expense | $49M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $19M |
| Income Tax Expense | $4M |
| 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 | $19M |
| EBITDA | $19M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $102M |
| Cost of Revenue | $55M |
| GROSS PROFIT | $47M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $51M |
| SG&A Expenses | $51M |
| Other Expenses | -$22M |
| Operating Expenses | $28M |
| Cost & Expenses | $83M |
| OPERATING INCOME | $19M |
| Interest Income | $158M |
| Interest Expense | $49M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $19M |
| Income Tax Expense | $4M |
| 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 | $19M |
| EBITDA | $19M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Cash & Equivalents | $123M |
| Short-Term Investments | $2.0B |
| Net Receivables | $0 |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $2.1B |
| PP&E (Net) | $188M |
| Goodwill | $968M |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $0 |
| TOTAL NON-CURRENT ASSETS | $1.2B |
| TOTAL ASSETS | $15.6B |
| 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 | $13.3B |
| TOTAL NON-CURRENT LIABILITIES | $13.3B |
| TOTAL LIABILITIES | $13.3B |
| Common Stock | $213.0K |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $706M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$39M |
| Other Equity | $1.6B |
| TOTAL STOCKHOLDERS' EQUITY | $2.3B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.3B |
| TOTAL LIABILITIES & EQUITY | $15.6B |
| Total Debt | $0 |
| Net Debt | -$123M |
