| Metric | Q1 2026 | Q4 2025 | Q1 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $42M | $466M | $408M | -90.9% | -89.6% |
| Op. Income | $77M | $126M | $79M | -39.0% | -2.4% |
| Net Margin | 129.7% | 19.6% | 15.5% | 110.1pp | 114.2pp |
| EPS (Diluted) | $0.60 | $0.99 | $0.68 | -39.4% | -11.8% |
| Item | Amount |
|---|---|
| REVENUE | $42M |
| Cost of Revenue | $0 |
| GROSS PROFIT | $0 |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $28M |
| Operating Expenses | $28M |
| Cost & Expenses | $0 |
| OPERATING INCOME | $77M |
| Interest Income | $0 |
| Interest Expense | $2M |
| Other Income/Expenses | -$9M |
| INCOME BEFORE TAX | $67M |
| Income Tax Expense | $12M |
| Net Income from Continuing Ops | $55M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $55M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $55M |
| D&A | $0 |
| EBIT | $0 |
| EBITDA | $77M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Cash & Equivalents | $49M |
| Short-Term Investments | $386M |
| Net Receivables | $0 |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $435M |
| PP&E (Net) | $40M |
| Goodwill | $54M |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $0 |
| TOTAL NON-CURRENT ASSETS | $93M |
| TOTAL ASSETS | $6.4B |
| Account Payables | $0 |
| Short-Term Debt | $50M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $27M |
| TOTAL CURRENT LIABILITIES | $77M |
| Long-Term Debt | $297M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $4.2B |
| TOTAL NON-CURRENT LIABILITIES | $4.5B |
| TOTAL LIABILITIES | $4.6B |
| Common Stock | $92M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $0 |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $6.3B |
| TOTAL STOCKHOLDERS' EQUITY | $6.4B |
| Minority Interest | $0 |
| TOTAL EQUITY | $6.4B |
| TOTAL LIABILITIES & EQUITY | $11.0B |
| Total Debt | $347M |
| Net Debt | $298M |
