| Metric | Q1 2026 | Q4 2025 | Q1 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $740M | $813M | $776M | -9.0% | -4.6% |
| Op. Income | $26M | $27M | $18M | -3.3% | 46.9% |
| Gross Margin | 14.5% | 12.9% | 13.1% | 1.6pp | 1.4pp |
| Net Margin | 2.7% | 2.5% | 2.2% | 0.2pp | 0.5pp |
| EPS (Diluted) | $0.89 | $0.85 | $0.69 | 4.7% | 29.0% |
| Free Cash Flow | $21M | $5M | $42M | 305.9% | -51.0% |
| Item | Amount |
|---|---|
| REVENUE | $740M |
| Cost of Revenue | $632M |
| GROSS PROFIT | $107M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $75M |
| Other Expenses | $6M |
| Operating Expenses | $82M |
| Cost & Expenses | $714M |
| OPERATING INCOME | $26M |
| Interest Income | $3M |
| Interest Expense | $2M |
| Other Income/Expenses | $1M |
| INCOME BEFORE TAX | $27M |
| Income Tax Expense | $7M |
| Net Income from Continuing Ops | $20M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $20M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $20M |
| D&A | $6M |
| EBIT | $29M |
| EBITDA | $35M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $740M |
| Cost of Revenue | $632M |
| GROSS PROFIT | $107M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $75M |
| Other Expenses | $6M |
| Operating Expenses | $82M |
| Cost & Expenses | $714M |
| OPERATING INCOME | $26M |
| Interest Income | $3M |
| Interest Expense | $2M |
| Other Income/Expenses | $1M |
| INCOME BEFORE TAX | $27M |
| Income Tax Expense | $7M |
| Net Income from Continuing Ops | $20M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $20M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $20M |
| D&A | $6M |
| EBIT | $29M |
| EBITDA | $35M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $20M |
| Depreciation & Amortization | $6M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | $2M |
| Other Non-Cash Items | $2M |
| Change in Working Capital | -$10M |
| OPERATING CASH FLOW | $23M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$2M |
| Net Debt Issuance | -$3M |
| Common Stock Repurchased | -$21M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $842.0K |
| NET CASH FROM FINANCING | -$23M |
| FREE CASH FLOW | $21M |
| Net Change in Cash | -$1M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $125M |
| Short-Term Investments | $0 |
| Net Receivables | $557M |
| Inventory | $505M |
| Other Current Assets | $120M |
| TOTAL CURRENT ASSETS | $1.3B |
| PP&E (Net) | $32M |
| Goodwill | $231M |
| Intangible Assets | $59M |
| Long-Term Investments | $373.0K |
| Tax Assets | $17M |
| Other Non-Current Assets | $71M |
| TOTAL NON-CURRENT ASSETS | $410M |
| TOTAL ASSETS | $1.7B |
| Account Payables | $530M |
| Short-Term Debt | $12M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $61M |
| TOTAL CURRENT LIABILITIES | $606M |
| Long-Term Debt | $133M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $56M |
| TOTAL NON-CURRENT LIABILITIES | $197M |
| TOTAL LIABILITIES | $803M |
| Common Stock | $0 |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $1.0B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$111M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $914M |
| Minority Interest | $0 |
| TOTAL EQUITY | $914M |
| TOTAL LIABILITIES & EQUITY | $1.7B |
| Total Debt | $152M |
| Net Debt | $27M |
