| Metric | Q1 2026 | Q4 2025 | Q1 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.9B | $1.8B | $1.8B | 2.1% | 1.6% |
| Op. Income | $121M | $138M | $131M | -12.3% | -7.6% |
| Gross Margin | 11.1% | 12.6% | 11.5% | -1.5pp | -0.4pp |
| Net Margin | 3.6% | 5.3% | 4.2% | -1.7pp | -0.5pp |
| EPS (Diluted) | $1.42 | $2.00 | $1.48 | -29.0% | -4.1% |
| Free Cash Flow | $100M | $100M | $92M | 0.0% | 8.7% |
| Item | Amount |
|---|---|
| REVENUE | $1.9B |
| Cost of Revenue | $1.7B |
| GROSS PROFIT | $209M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $89M |
| Other Expenses | -$1M |
| Operating Expenses | $88M |
| Cost & Expenses | $1.8B |
| OPERATING INCOME | $121M |
| Interest Income | $0 |
| Interest Expense | $30M |
| Other Income/Expenses | -$35M |
| INCOME BEFORE TAX | $86M |
| Income Tax Expense | $18M |
| Net Income from Continuing Ops | $68M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $68M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $68M |
| D&A | $36M |
| EBIT | $116M |
| EBITDA | $152M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $1.9B |
| Cost of Revenue | $1.7B |
| GROSS PROFIT | $209M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $89M |
| Other Expenses | -$1M |
| Operating Expenses | $88M |
| Cost & Expenses | $1.8B |
| OPERATING INCOME | $121M |
| Interest Income | $0 |
| Interest Expense | $30M |
| Other Income/Expenses | -$35M |
| INCOME BEFORE TAX | $86M |
| Income Tax Expense | $18M |
| Net Income from Continuing Ops | $68M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $68M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $68M |
| D&A | $36M |
| EBIT | $116M |
| EBITDA | $152M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $68M |
| Depreciation & Amortization | $36M |
| Stock-Based Compensation | $15M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $0 |
| Change in Working Capital | -$19M |
| OPERATING CASH FLOW | $100M |
| Capital Expenditure | -$8M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$10M |
| Sales/Maturities of Investments | $3M |
| Other Investing Activities | -$8M |
| NET CASH FROM INVESTING | -$15M |
| Net Debt Issuance | $61M |
| Common Stock Repurchased | -$142M |
| Common Dividends Paid | -$19M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$94M |
| FREE CASH FLOW | $100M |
| Net Change in Cash | -$9M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $47M |
| Short-Term Investments | $0 |
| Net Receivables | $1.0B |
| Inventory | $0 |
| Other Current Assets | $92M |
| TOTAL CURRENT ASSETS | $1.1B |
| PP&E (Net) | $263M |
| Goodwill | $2.9B |
| Intangible Assets | $750M |
| Long-Term Investments | $89M |
| Tax Assets | $0 |
| Other Non-Current Assets | $110M |
| TOTAL NON-CURRENT ASSETS | $4.1B |
| TOTAL ASSETS | $5.2B |
| Account Payables | $668M |
| Short-Term Debt | $405M |
| Deferred Revenue | $33M |
| Other Current Liabilities | $80M |
| TOTAL CURRENT LIABILITIES | $1.5B |
| Long-Term Debt | $1.9B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $22M |
| Other Non-Current Liabilities | $174M |
| TOTAL NON-CURRENT LIABILITIES | $2.2B |
| TOTAL LIABILITIES | $3.7B |
| Common Stock | $0 |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $1.5B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $11M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.5B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.5B |
| TOTAL LIABILITIES & EQUITY | $5.2B |
| Total Debt | $2.4B |
| Net Debt | $2.4B |
