| Metric | Q1 2026 | Q4 2025 | Q1 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $14.5B | $14.4B | $7.4B | 0.3% | 95.3% |
| Op. Income | $3.0B | $548M | $3.2B | 450.4% | -7.2% |
| Gross Margin | 49.8% | 46.2% | 100.0% | 3.6pp | -50.2pp |
| Net Margin | 16.3% | 1.8% | 31.3% | 14.5pp | -15.1pp |
| EPS (Diluted) | $0.61 | $0.07 | $0.59 | 796.5% | 3.1% |
| Free Cash Flow | $0 | $0 | $0 | — | — |
| Item | Amount |
|---|---|
| REVENUE | $14.5B |
| Cost of Revenue | $7.3B |
| GROSS PROFIT | $7.2B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $3.8B |
| SG&A Expenses | $3.8B |
| Other Expenses | $444M |
| Operating Expenses | $4.2B |
| Cost & Expenses | $11.5B |
| OPERATING INCOME | $3.0B |
| Interest Income | $10.7B |
| Interest Expense | $6.8B |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $3.0B |
| Income Tax Expense | $641M |
| Net Income from Continuing Ops | $2.4B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $2.4B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $2.4B |
| D&A | $0 |
| EBIT | $3.0B |
| EBITDA | $3.0B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $14.5B |
| Cost of Revenue | $7.3B |
| GROSS PROFIT | $7.2B |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $3.8B |
| SG&A Expenses | $3.8B |
| Other Expenses | $444M |
| Operating Expenses | $4.2B |
| Cost & Expenses | $11.5B |
| OPERATING INCOME | $3.0B |
| Interest Income | $10.7B |
| Interest Expense | $6.8B |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $3.0B |
| Income Tax Expense | $641M |
| Net Income from Continuing Ops | $2.4B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $2.4B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $2.4B |
| D&A | $0 |
| EBIT | $3.0B |
| EBITDA | $3.0B |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $2.4B |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$2.4B |
| Change in Working Capital | $0 |
| OPERATING CASH FLOW | $0 |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $0 |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $0 |
| FREE CASH FLOW | $0 |
| Net Change in Cash | $0 |
| Item | Amount |
|---|---|
| Cash & Equivalents | $452.8B |
| Short-Term Investments | $0 |
| Net Receivables | $1.4B |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $454.2B |
| PP&E (Net) | $6.3B |
| Goodwill | $0 |
| Intangible Assets | $6.2B |
| Long-Term Investments | $1.0T |
| Tax Assets | $540M |
| Other Non-Current Assets | $388.8B |
| TOTAL NON-CURRENT ASSETS | $1.4T |
| TOTAL ASSETS | $1.9T |
| Account Payables | $0 |
| Short-Term Debt | $190.3B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $1.2T |
| TOTAL CURRENT LIABILITIES | $1.4T |
| Long-Term Debt | $158.2B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $3.4B |
| Other Non-Current Liabilities | $208.9B |
| TOTAL NON-CURRENT LIABILITIES | $370.6B |
| TOTAL LIABILITIES | $1.8T |
| Common Stock | $14.7B |
| Additional Paid-In Capital | $3.8B |
| Retained Earnings | $51.4B |
| Treasury Stock | -$640M |
| Accum. Other Comp. Income | $21.4B |
| Other Equity | $4M |
| TOTAL STOCKHOLDERS' EQUITY | $90.7B |
| Minority Interest | $848M |
| TOTAL EQUITY | $91.5B |
| TOTAL LIABILITIES & EQUITY | $1.9T |
| Total Debt | $348.5B |
| Net Debt | -$104.3B |
