| Metric | Q1 2026 | Q4 2025 | Q1 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $245M | — | $252M | — | -2.9% |
| Op. Income | $100M | — | $177M | — | -43.3% |
| Gross Margin | 76.8% | — | 78.1% | — | -1.3pp |
| Net Margin | 35.9% | — | 28.2% | — | 7.6pp |
| EPS (Diluted) | $0.38 | — | $0.30 | — | 26.7% |
| Item | Amount |
|---|---|
| REVENUE | $245M |
| Cost of Revenue | $57M |
| GROSS PROFIT | $188M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $15M |
| SG&A Expenses | $15M |
| Other Expenses | $73M |
| Operating Expenses | $88M |
| Cost & Expenses | $145M |
| OPERATING INCOME | $100M |
| Interest Income | $3M |
| Interest Expense | -$27M |
| Other Income/Expenses | -$13M |
| INCOME BEFORE TAX | $88M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | $88M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $88M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $88M |
| D&A | $73M |
| EBIT | $0 |
| EBITDA | $173M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $245M |
| Cost of Revenue | $57M |
| GROSS PROFIT | $188M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $15M |
| SG&A Expenses | $15M |
| Other Expenses | $73M |
| Operating Expenses | $88M |
| Cost & Expenses | $145M |
| OPERATING INCOME | $100M |
| Interest Income | $3M |
| Interest Expense | -$27M |
| Other Income/Expenses | -$13M |
| INCOME BEFORE TAX | $88M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | $88M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $88M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $88M |
| D&A | $73M |
| EBIT | $0 |
| EBITDA | $173M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Cash & Equivalents | $52M |
| Short-Term Investments | $0 |
| Net Receivables | $329M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $381M |
| PP&E (Net) | $0 |
| Goodwill | $0 |
| Intangible Assets | $130M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $0 |
| TOTAL NON-CURRENT ASSETS | $130M |
| TOTAL ASSETS | $12.4B |
| Account Payables | $0 |
| Short-Term Debt | $3.4B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $3.4B |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $405M |
| TOTAL NON-CURRENT LIABILITIES | $405M |
| TOTAL LIABILITIES | $3.8B |
| Common Stock | $2M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $0 |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $3M |
| Other Equity | $8.2B |
| TOTAL STOCKHOLDERS' EQUITY | $8.3B |
| Minority Interest | $379M |
| TOTAL EQUITY | $8.6B |
| TOTAL LIABILITIES & EQUITY | $12.4B |
| Total Debt | $3.4B |
| Net Debt | $3.3B |
