| Metric | Q1 2026 | Q4 2025 | Q1 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.1B | $1.2B | — | -2.9% | — |
| Op. Income | -$14M | -$4M | — | -251.0% | — |
| Net Margin | -2.2% | -0.8% | — | -1.4pp | — |
| EPS (Diluted) | $-0.06 | $-0.02 | — | -150.0% | — |
| Free Cash Flow | -$53M | $259M | — | -120.4% | — |
| Item | Amount |
|---|---|
| REVENUE | $1.1B |
| Cost of Revenue | $0 |
| GROSS PROFIT | $0 |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $69M |
| SG&A Expenses | $69M |
| Other Expenses | $0 |
| Operating Expenses | $69M |
| Cost & Expenses | $1.1B |
| OPERATING INCOME | -$14M |
| Interest Income | $3M |
| Interest Expense | -$17M |
| Other Income/Expenses | -$14M |
| INCOME BEFORE TAX | -$28M |
| Income Tax Expense | -$4M |
| Net Income from Continuing Ops | -$25M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$25M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$25M |
| D&A | $218M |
| EBIT | $0 |
| EBITDA | $173M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$25M |
| Depreciation & Amortization | $218M |
| Stock-Based Compensation | $4M |
| Deferred Income Tax | -$4M |
| Other Non-Cash Items | -$131M |
| Change in Working Capital | $0 |
| OPERATING CASH FLOW | $64M |
| Capital Expenditure | -$117M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $11M |
| NET CASH FROM INVESTING | -$106M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$350.0K |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$2M |
| NET CASH FROM FINANCING | -$40M |
| FREE CASH FLOW | -$53M |
| Net Change in Cash | -$83M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $337M |
| Short-Term Investments | $0 |
| Net Receivables | $742M |
| Inventory | $151M |
| Other Current Assets | $92M |
| TOTAL CURRENT ASSETS | $1.3B |
| PP&E (Net) | $2.6B |
| Goodwill | $487M |
| Intangible Assets | $784M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $139M |
| TOTAL NON-CURRENT ASSETS | $4.0B |
| TOTAL ASSETS | $5.4B |
| Account Payables | $442M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $278M |
| TOTAL CURRENT LIABILITIES | $720M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $212M |
| Other Non-Current Liabilities | $1.3B |
| TOTAL NON-CURRENT LIABILITIES | $1.5B |
| TOTAL LIABILITIES | $2.2B |
| Common Stock | $0 |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $0 |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $3.2B |
| TOTAL STOCKHOLDERS' EQUITY | $3.2B |
| Minority Interest | $6M |
| TOTAL EQUITY | $3.2B |
| TOTAL LIABILITIES & EQUITY | $5.4B |
| Total Debt | $0 |
| Net Debt | -$337M |
