| Metric | Q1 2026 | Q4 2025 | Q1 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $297M | $346M | $305M | -14.0% | -2.4% |
| Op. Income | $23M | $2M | $25M | 1067.8% | -8.8% |
| Gross Margin | 14.1% | 4.5% | 14.0% | 9.6pp | 0.0pp |
| Net Margin | 5.0% | 0.2% | 4.2% | 4.8pp | 0.8pp |
| EPS (Diluted) | $2.14 | $0.09 | $1.80 | 2359.8% | 18.9% |
| Free Cash Flow | $42M | $81M | $38M | -47.9% | 10.8% |
| Item | Amount |
|---|---|
| REVENUE | $297M |
| Cost of Revenue | $256M |
| GROSS PROFIT | $42M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $19M |
| Other Expenses | -$142.0K |
| Operating Expenses | $19M |
| Cost & Expenses | $274M |
| OPERATING INCOME | $23M |
| Interest Income | $0 |
| Interest Expense | $5M |
| Other Income/Expenses | -$4M |
| INCOME BEFORE TAX | $20M |
| Income Tax Expense | $5M |
| Net Income from Continuing Ops | $15M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $15M |
| Net Income Deductions | -$5.0K |
| BOTTOM LINE NET INCOME | $15M |
| D&A | $11M |
| EBIT | $25M |
| EBITDA | $36M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $297M |
| Cost of Revenue | $256M |
| GROSS PROFIT | $42M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $19M |
| Other Expenses | -$142.0K |
| Operating Expenses | $19M |
| Cost & Expenses | $274M |
| OPERATING INCOME | $23M |
| Interest Income | $0 |
| Interest Expense | $5M |
| Other Income/Expenses | -$4M |
| INCOME BEFORE TAX | $20M |
| Income Tax Expense | $5M |
| Net Income from Continuing Ops | $15M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $15M |
| Net Income Deductions | -$5.0K |
| BOTTOM LINE NET INCOME | $15M |
| D&A | $11M |
| EBIT | $25M |
| EBITDA | $36M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $15M |
| Depreciation & Amortization | $11M |
| Stock-Based Compensation | $50.0K |
| Deferred Income Tax | $235.0K |
| Other Non-Cash Items | -$11M |
| Change in Working Capital | $39M |
| OPERATING CASH FLOW | $54M |
| Capital Expenditure | -$11M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $115.0K |
| NET CASH FROM INVESTING | -$11M |
| Net Debt Issuance | -$77M |
| Common Stock Repurchased | -$4M |
| Common Dividends Paid | -$12.0K |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$81M |
| FREE CASH FLOW | $42M |
| Net Change in Cash | -$38M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $12M |
| Short-Term Investments | $0 |
| Net Receivables | $100M |
| Inventory | $614M |
| Other Current Assets | $5M |
| TOTAL CURRENT ASSETS | $732M |
| PP&E (Net) | $349M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $78M |
| TOTAL NON-CURRENT ASSETS | $427M |
| TOTAL ASSETS | $1.2B |
| Account Payables | $86M |
| Short-Term Debt | $15M |
| Deferred Revenue | $8M |
| Other Current Liabilities | $13M |
| TOTAL CURRENT LIABILITIES | $178M |
| Long-Term Debt | $259M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $33M |
| Other Non-Current Liabilities | $30M |
| TOTAL NON-CURRENT LIABILITIES | $337M |
| TOTAL LIABILITIES | $515M |
| Common Stock | $3M |
| Additional Paid-In Capital | $102M |
| Retained Earnings | $761M |
| Treasury Stock | -$214M |
| Accum. Other Comp. Income | -$8M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $644M |
| Minority Interest | $0 |
| TOTAL EQUITY | $644M |
| TOTAL LIABILITIES & EQUITY | $1.2B |
| Total Debt | $298M |
| Net Debt | $286M |
