| Metric | Q1 2026 | Q4 2025 | Q1 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $340M | $369M | $341M | -7.8% | -0.3% |
| Op. Income | $38M | $49M | $60M | -23.5% | -37.6% |
| Gross Margin | 32.3% | 33.1% | 37.0% | -0.8pp | -4.7pp |
| Net Margin | 7.4% | -3.3% | 11.2% | 10.8pp | -3.7pp |
| EPS (Diluted) | $0.26 | $-0.12 | $0.38 | 316.7% | -31.6% |
| Free Cash Flow | $48M | $27M | $32M | 75.5% | 51.3% |
| Item | Amount |
|---|---|
| REVENUE | $340M |
| Cost of Revenue | $230M |
| GROSS PROFIT | $110M |
| R&D Expenses | $0 |
| Selling & Marketing | $30M |
| General & Administrative | $38M |
| SG&A Expenses | $68M |
| Other Expenses | $5M |
| Operating Expenses | $72M |
| Cost & Expenses | $303M |
| OPERATING INCOME | $38M |
| Interest Income | $499.0K |
| Interest Expense | $4M |
| Other Income/Expenses | -$4M |
| INCOME BEFORE TAX | $34M |
| Income Tax Expense | $9M |
| Net Income from Continuing Ops | $25M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $25M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $25M |
| D&A | $5M |
| EBIT | $30M |
| EBITDA | $34M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $340M |
| Cost of Revenue | $230M |
| GROSS PROFIT | $110M |
| R&D Expenses | $0 |
| Selling & Marketing | $30M |
| General & Administrative | $38M |
| SG&A Expenses | $68M |
| Other Expenses | $5M |
| Operating Expenses | $72M |
| Cost & Expenses | $303M |
| OPERATING INCOME | $38M |
| Interest Income | $499.0K |
| Interest Expense | $4M |
| Other Income/Expenses | -$4M |
| INCOME BEFORE TAX | $34M |
| Income Tax Expense | $9M |
| Net Income from Continuing Ops | $25M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $25M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $25M |
| D&A | $5M |
| EBIT | $30M |
| EBITDA | $34M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $25M |
| Depreciation & Amortization | $8M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | $4M |
| Other Non-Cash Items | -$52.0K |
| Change in Working Capital | $11M |
| OPERATING CASH FLOW | $50M |
| 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 | $150M |
| Common Stock Repurchased | -$100M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$3M |
| NET CASH FROM FINANCING | $48M |
| FREE CASH FLOW | $48M |
| Net Change in Cash | $96M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $194M |
| Short-Term Investments | $0 |
| Net Receivables | $129M |
| Inventory | $181M |
| Other Current Assets | $5M |
| TOTAL CURRENT ASSETS | $514M |
| PP&E (Net) | $39M |
| Goodwill | $590M |
| Intangible Assets | $1.3B |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $50M |
| TOTAL NON-CURRENT ASSETS | $1.9B |
| TOTAL ASSETS | $2.5B |
| Account Payables | $75M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $27M |
| TOTAL CURRENT LIABILITIES | $103M |
| Long-Term Debt | $397M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $170M |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $614M |
| TOTAL LIABILITIES | $717M |
| Common Stock | $1M |
| Additional Paid-In Capital | $1.3B |
| Retained Earnings | $616M |
| Treasury Stock | -$230M |
| Accum. Other Comp. Income | -$3M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.7B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.7B |
| TOTAL LIABILITIES & EQUITY | $2.5B |
| Total Debt | $444M |
| Net Debt | $250M |
