| Metric | Q1 2026 | Q4 2025 | Q1 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.0B | — | $846M | — | 22.2% |
| Op. Income | $433M | — | $311M | — | 39.3% |
| Gross Margin | 63.0% | — | 43.3% | — | 19.8pp |
| Net Margin | 33.0% | — | 11.5% | — | 21.6pp |
| EPS (Diluted) | $1.44 | — | $0.40 | — | 260.0% |
| Free Cash Flow | $453M | — | $172M | — | 162.7% |
| Item | Amount |
|---|---|
| REVENUE | $1.0B |
| Cost of Revenue | $382M |
| GROSS PROFIT | $652M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $45M |
| SG&A Expenses | $45M |
| Other Expenses | $173M |
| Operating Expenses | $219M |
| Cost & Expenses | $601M |
| OPERATING INCOME | $433M |
| Interest Income | $0 |
| Interest Expense | $19M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $433M |
| Income Tax Expense | $92M |
| Net Income from Continuing Ops | $342M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $342M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $342M |
| D&A | $19M |
| EBIT | $414M |
| EBITDA | $433M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $1.0B |
| Cost of Revenue | $382M |
| GROSS PROFIT | $652M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $45M |
| SG&A Expenses | $45M |
| Other Expenses | $173M |
| Operating Expenses | $219M |
| Cost & Expenses | $601M |
| OPERATING INCOME | $433M |
| Interest Income | $0 |
| Interest Expense | $19M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $433M |
| Income Tax Expense | $92M |
| Net Income from Continuing Ops | $342M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $342M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $342M |
| D&A | $19M |
| EBIT | $414M |
| EBITDA | $433M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $342M |
| Depreciation & Amortization | $89M |
| Stock-Based Compensation | $15M |
| Deferred Income Tax | $86M |
| Other Non-Cash Items | $8M |
| Change in Working Capital | $80M |
| OPERATING CASH FLOW | $619M |
| Capital Expenditure | -$166M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$1M |
| Sales/Maturities of Investments | $652.0K |
| Other Investing Activities | -$2M |
| NET CASH FROM INVESTING | -$168M |
| Net Debt Issuance | -$471M |
| Common Stock Repurchased | -$27M |
| Common Dividends Paid | -$24M |
| Other Financing Activities | $71M |
| NET CASH FROM FINANCING | -$451M |
| FREE CASH FLOW | $453M |
| Net Change in Cash | $43.0K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $247.0K |
| Short-Term Investments | $0 |
| Net Receivables | $277M |
| Inventory | $0 |
| Other Current Assets | $86M |
| TOTAL CURRENT ASSETS | $376M |
| PP&E (Net) | $6.8B |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $266M |
| TOTAL NON-CURRENT ASSETS | $7.0B |
| TOTAL ASSETS | $7.4B |
| Account Payables | $232M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $94M |
| TOTAL CURRENT LIABILITIES | $679M |
| Long-Term Debt | $819M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $787M |
| Other Non-Current Liabilities | $417M |
| TOTAL NON-CURRENT LIABILITIES | $2.1B |
| TOTAL LIABILITIES | $2.8B |
| Common Stock | $3M |
| Additional Paid-In Capital | $6.0B |
| Retained Earnings | -$592M |
| Treasury Stock | -$774M |
| Accum. Other Comp. Income | $412.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $4.6B |
| Minority Interest | $0 |
| TOTAL EQUITY | $4.6B |
| TOTAL LIABILITIES & EQUITY | $7.4B |
| Total Debt | $979M |
| Net Debt | $979M |
