| Metric | Q1 2026 | Q4 2025 | Q1 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $262M | $257M | $240M | 1.8% | 9.1% |
| Op. Income | $40M | $22M | $35M | 85.4% | 15.0% |
| Gross Margin | 56.0% | 57.2% | 56.6% | -1.2pp | -0.6pp |
| Net Margin | 5.9% | 6.8% | 4.1% | -0.9pp | 1.8pp |
| EPS (Diluted) | $0.40 | $0.49 | $0.28 | -18.5% | 45.0% |
| Free Cash Flow | $26M | $30M | — | -10.8% | — |
| Item | Amount |
|---|---|
| REVENUE | $262M |
| Cost of Revenue | $115M |
| GROSS PROFIT | $147M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $107M |
| SG&A Expenses | $107M |
| Other Expenses | $0 |
| Operating Expenses | $107M |
| Cost & Expenses | $222M |
| OPERATING INCOME | $40M |
| Interest Income | $2M |
| Interest Expense | $215.0K |
| Other Income/Expenses | -$13M |
| INCOME BEFORE TAX | $27M |
| Income Tax Expense | $12M |
| 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 | $5M |
| EBIT | $27M |
| EBITDA | $33M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $262M |
| Cost of Revenue | $115M |
| GROSS PROFIT | $147M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $107M |
| SG&A Expenses | $107M |
| Other Expenses | $0 |
| Operating Expenses | $107M |
| Cost & Expenses | $222M |
| OPERATING INCOME | $40M |
| Interest Income | $2M |
| Interest Expense | $215.0K |
| Other Income/Expenses | -$13M |
| INCOME BEFORE TAX | $27M |
| Income Tax Expense | $12M |
| 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 | $5M |
| EBIT | $27M |
| EBITDA | $33M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $15M |
| Depreciation & Amortization | $5M |
| Stock-Based Compensation | $29M |
| Deferred Income Tax | $9M |
| Other Non-Cash Items | $11M |
| Change in Working Capital | -$40M |
| OPERATING CASH FLOW | $31M |
| Capital Expenditure | -$5M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$6M |
| Sales/Maturities of Investments | $600.0K |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$10M |
| Net Debt Issuance | -$721.0K |
| Common Stock Repurchased | -$2M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $721.0K |
| NET CASH FROM FINANCING | -$3M |
| FREE CASH FLOW | $26M |
| Net Change in Cash | $18M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $191M |
| Short-Term Investments | $12M |
| Net Receivables | $83M |
| Inventory | $0 |
| Other Current Assets | $28M |
| TOTAL CURRENT ASSETS | $316M |
| PP&E (Net) | $79M |
| Goodwill | $4M |
| Intangible Assets | $87M |
| Long-Term Investments | $15M |
| Tax Assets | $22M |
| Other Non-Current Assets | $27M |
| TOTAL NON-CURRENT ASSETS | $234M |
| TOTAL ASSETS | $550M |
| Account Payables | $24M |
| Short-Term Debt | $0 |
| Deferred Revenue | $73M |
| Other Current Liabilities | $43M |
| TOTAL CURRENT LIABILITIES | $168M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $37M |
| TOTAL NON-CURRENT LIABILITIES | $98M |
| TOTAL LIABILITIES | $266M |
| Common Stock | $357.0K |
| Additional Paid-In Capital | $265M |
| Retained Earnings | $15M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $81.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $280M |
| Minority Interest | $3M |
| TOTAL EQUITY | $283M |
| TOTAL LIABILITIES & EQUITY | $550M |
| Total Debt | $71M |
| Net Debt | -$120M |
