| Metric | Q1 2026 | Q4 2025 | Q1 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $302M | $359M | $351M | -15.9% | -14.0% |
| Op. Income | $56M | $94M | $38M | -39.9% | 47.9% |
| Gross Margin | 65.3% | 65.1% | 51.2% | 0.3pp | 14.1pp |
| Net Margin | 22.7% | 21.8% | 9.2% | 1.0pp | 13.5pp |
| EPS (Diluted) | $0.47 | $0.54 | $0.26 | -13.0% | 80.8% |
| Item | Amount |
|---|---|
| REVENUE | $302M |
| Cost of Revenue | $105M |
| GROSS PROFIT | $197M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $141M |
| SG&A Expenses | $141M |
| Other Expenses | $0 |
| Operating Expenses | $141M |
| Cost & Expenses | $245M |
| OPERATING INCOME | $56M |
| Interest Income | $302M |
| Interest Expense | $105M |
| Other Income/Expenses | $30M |
| INCOME BEFORE TAX | $86M |
| Income Tax Expense | $18M |
| Net Income from Continuing Ops | $69M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $69M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $69M |
| D&A | $0 |
| EBIT | $56M |
| EBITDA | $56M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $302M |
| Cost of Revenue | $105M |
| GROSS PROFIT | $197M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $141M |
| SG&A Expenses | $141M |
| Other Expenses | $0 |
| Operating Expenses | $141M |
| Cost & Expenses | $245M |
| OPERATING INCOME | $56M |
| Interest Income | $302M |
| Interest Expense | $105M |
| Other Income/Expenses | $30M |
| INCOME BEFORE TAX | $86M |
| Income Tax Expense | $18M |
| Net Income from Continuing Ops | $69M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $69M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $69M |
| D&A | $0 |
| EBIT | $56M |
| EBITDA | $56M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Cash & Equivalents | $343M |
| Short-Term Investments | $3.2B |
| Net Receivables | $102M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $3.6B |
| PP&E (Net) | $558M |
| Goodwill | $1.3B |
| Intangible Assets | $81M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $0 |
| TOTAL NON-CURRENT ASSETS | $2.0B |
| TOTAL ASSETS | $24.7B |
| Account Payables | $0 |
| Short-Term Debt | $9M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $9M |
| Long-Term Debt | $762M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $20.5B |
| TOTAL NON-CURRENT LIABILITIES | $21.2B |
| TOTAL LIABILITIES | $21.3B |
| Common Stock | $1M |
| Additional Paid-In Capital | $2.8B |
| Retained Earnings | $902M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$314M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.4B |
| Minority Interest | $0 |
| TOTAL EQUITY | $3.4B |
| TOTAL LIABILITIES & EQUITY | $24.7B |
| Total Debt | $771M |
| Net Debt | $429M |
