| Metric | Q1 2026 | Q4 2025 | Q1 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $250M | $297M | $267M | -15.9% | -6.6% |
| Op. Income | $72M | $88M | $72M | -18.9% | -0.4% |
| Gross Margin | 54.2% | 59.2% | 54.7% | -5.0pp | -0.5pp |
| Net Margin | 19.0% | 16.9% | 18.4% | 2.1pp | 0.7pp |
| EPS (Diluted) | $0.95 | $1.00 | $0.98 | -5.0% | -3.1% |
| Free Cash Flow | $78M | $58M | $54M | 33.9% | 45.8% |
| Item | Amount |
|---|---|
| REVENUE | $250M |
| Cost of Revenue | $114M |
| GROSS PROFIT | $135M |
| R&D Expenses | $0 |
| Selling & Marketing | $35M |
| General & Administrative | $28M |
| SG&A Expenses | $63M |
| Other Expenses | $0 |
| Operating Expenses | $63M |
| Cost & Expenses | $178M |
| OPERATING INCOME | $72M |
| Interest Income | $0 |
| Interest Expense | $10M |
| Other Income/Expenses | -$10M |
| INCOME BEFORE TAX | $62M |
| Income Tax Expense | $14M |
| Net Income from Continuing Ops | $47M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $47M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $47M |
| D&A | $8M |
| EBIT | $72M |
| EBITDA | $80M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $250M |
| Cost of Revenue | $114M |
| GROSS PROFIT | $135M |
| R&D Expenses | $0 |
| Selling & Marketing | $35M |
| General & Administrative | $28M |
| SG&A Expenses | $63M |
| Other Expenses | $0 |
| Operating Expenses | $63M |
| Cost & Expenses | $178M |
| OPERATING INCOME | $72M |
| Interest Income | $0 |
| Interest Expense | $10M |
| Other Income/Expenses | -$10M |
| INCOME BEFORE TAX | $62M |
| Income Tax Expense | $14M |
| Net Income from Continuing Ops | $47M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $47M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $47M |
| D&A | $8M |
| EBIT | $72M |
| EBITDA | $80M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $47M |
| Depreciation & Amortization | $8M |
| Stock-Based Compensation | $4M |
| Deferred Income Tax | $6M |
| Other Non-Cash Items | $2M |
| Change in Working Capital | $12M |
| OPERATING CASH FLOW | $79M |
| Capital Expenditure | -$838.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$1M |
| NET CASH FROM INVESTING | -$2M |
| Net Debt Issuance | -$608.0K |
| Common Stock Repurchased | -$35M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$899.0K |
| NET CASH FROM FINANCING | -$36M |
| FREE CASH FLOW | $78M |
| Net Change in Cash | $42M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $140M |
| Short-Term Investments | $0 |
| Net Receivables | $168M |
| Inventory | $153M |
| Other Current Assets | $19M |
| TOTAL CURRENT ASSETS | $481M |
| PP&E (Net) | $125M |
| Goodwill | $528M |
| Intangible Assets | $2.3B |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $3M |
| TOTAL NON-CURRENT ASSETS | $3.0B |
| TOTAL ASSETS | $3.4B |
| Account Payables | $22M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $6M |
| TOTAL CURRENT LIABILITIES | $110M |
| Long-Term Debt | $993M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $427M |
| Other Non-Current Liabilities | $5M |
| TOTAL NON-CURRENT LIABILITIES | $1.5B |
| TOTAL LIABILITIES | $1.6B |
| Common Stock | $561.0K |
| Additional Paid-In Capital | $600M |
| Retained Earnings | $1.6B |
| Treasury Stock | -$316M |
| Accum. Other Comp. Income | -$32M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.9B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.9B |
| TOTAL LIABILITIES & EQUITY | $3.4B |
| Total Debt | $1.0B |
| Net Debt | $903M |
