Q1 2026 Earnings

Reported April 22, 2026NEW

Quarter Comparison

Revenue

Operating Income

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q1 2026	Q4 2025	Q1 2025	QoQ Change	YoY Change
Revenue	$692M	$669M	$675M	3.6%	2.7%
Op. Income	$0	$65M	$73M	-100.0%	-100.0%
Net Margin	5.2%	26.6%	7.5%	-21.4pp	-2.3pp
EPS (Diluted)	$0.00	$1.76	$0.49	-100.0%	-100.0%
Free Cash Flow	-$77M	$191M	-$107M	-140.1%	28.4%

Income Statement

Item	Amount
REVENUE	$692M
Cost of Revenue	$0
GROSS PROFIT	$0
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$0
Other Expenses	$0
Operating Expenses	$0
Cost & Expenses	$0
OPERATING INCOME	$0
Interest Income	$0
Interest Expense	$4M
Other Income/Expenses	$0
INCOME BEFORE TAX	$55M
Income Tax Expense	$19M
Net Income from Continuing Ops	$0
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$36M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$36M
D&A	$27M
EBIT	$0
EBITDA	$86M
EPS	$0
EPS Diluted	$0

Cash Flow Statement

Item	Amount
Net Income	$36M
Depreciation & Amortization	$27M
Stock-Based Compensation	$0
Deferred Income Tax	$0
Other Non-Cash Items	-$122M
Change in Working Capital	$0
OPERATING CASH FLOW	-$59M
Capital Expenditure	-$17M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$0
NET CASH FROM INVESTING	-$17M
Net Debt Issuance	$0
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	$0
NET CASH FROM FINANCING	$0
FREE CASH FLOW	-$77M
Net Change in Cash	-$132M