| Metric | Q1 2026 | Q4 2025 | Q1 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $364M | $379M | $260M | -3.9% | 39.7% |
| Op. Income | $48M | $34M | $18M | 42.0% | 170.6% |
| Gross Margin | 32.9% | 29.0% | 32.1% | 3.9pp | 0.9pp |
| Net Margin | 7.3% | 4.5% | 2.7% | 2.7pp | 4.6pp |
| EPS (Diluted) | $0.65 | $0.42 | $0.17 | 54.8% | 282.4% |
| Free Cash Flow | -$5M | $8M | $3M | -155.4% | -248.2% |
| Item | Amount |
|---|---|
| REVENUE | $364M |
| Cost of Revenue | $244M |
| GROSS PROFIT | $120M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $71M |
| Other Expenses | $0 |
| Operating Expenses | $71M |
| Cost & Expenses | $316M |
| OPERATING INCOME | $48M |
| Interest Income | $484.0K |
| Interest Expense | $13M |
| Other Income/Expenses | -$12M |
| INCOME BEFORE TAX | $36M |
| Income Tax Expense | $10M |
| Net Income from Continuing Ops | $27M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $27M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $27M |
| D&A | $13M |
| EBIT | $50M |
| EBITDA | $63M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $364M |
| Cost of Revenue | $244M |
| GROSS PROFIT | $120M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $71M |
| Other Expenses | $0 |
| Operating Expenses | $71M |
| Cost & Expenses | $316M |
| OPERATING INCOME | $48M |
| Interest Income | $484.0K |
| Interest Expense | $13M |
| Other Income/Expenses | -$12M |
| INCOME BEFORE TAX | $36M |
| Income Tax Expense | $10M |
| Net Income from Continuing Ops | $27M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $27M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $27M |
| D&A | $13M |
| EBIT | $50M |
| EBITDA | $63M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $27M |
| Depreciation & Amortization | $13M |
| Stock-Based Compensation | $339.0K |
| Deferred Income Tax | $2M |
| Other Non-Cash Items | $976.0K |
| Change in Working Capital | -$34M |
| OPERATING CASH FLOW | $9M |
| Capital Expenditure | -$14M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$13M |
| Sales/Maturities of Investments | $9M |
| Other Investing Activities | -$4M |
| NET CASH FROM INVESTING | -$21M |
| Net Debt Issuance | $24M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$5M |
| Other Financing Activities | -$3M |
| NET CASH FROM FINANCING | $16M |
| FREE CASH FLOW | -$5M |
| Net Change in Cash | $5M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $73M |
| Short-Term Investments | $13M |
| Net Receivables | $218M |
| Inventory | $472M |
| Other Current Assets | $61M |
| TOTAL CURRENT ASSETS | $836M |
| PP&E (Net) | $395M |
| Goodwill | $60M |
| Intangible Assets | $35M |
| Long-Term Investments | $13M |
| Tax Assets | $24M |
| Other Non-Current Assets | $23M |
| TOTAL NON-CURRENT ASSETS | $550M |
| TOTAL ASSETS | $1.4B |
| Account Payables | $131M |
| Short-Term Debt | $18M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $43M |
| TOTAL CURRENT LIABILITIES | $270M |
| Long-Term Debt | $725M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $21M |
| Other Non-Current Liabilities | $25M |
| TOTAL NON-CURRENT LIABILITIES | $804M |
| TOTAL LIABILITIES | $1.1B |
| Common Stock | $4.0K |
| Additional Paid-In Capital | $137M |
| Retained Earnings | $294M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$120M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $312M |
| Minority Interest | $0 |
| TOTAL EQUITY | $312M |
| TOTAL LIABILITIES & EQUITY | $1.4B |
| Total Debt | $785M |
| Net Debt | $712M |
