| Metric | Q1 2026 | Q4 2025 | Q1 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $251M | $251M | $206M | 0.0% | 21.8% |
| Op. Income | $37M | $30M | $5M | 23.1% | 586.7% |
| Gross Margin | 52.2% | 52.0% | 48.2% | 0.3pp | 4.1pp |
| Net Margin | 7.7% | 15.6% | -11.2% | -7.9pp | 18.9pp |
| EPS (Diluted) | $0.22 | $0.43 | $-0.36 | -48.8% | 161.1% |
| Free Cash Flow | $26M | $30M | -$4M | -15.8% | 817.7% |
| Item | Amount |
|---|---|
| REVENUE | $251M |
| Cost of Revenue | $120M |
| GROSS PROFIT | $131M |
| R&D Expenses | $48M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $46M |
| Other Expenses | $0 |
| Operating Expenses | $94M |
| Cost & Expenses | $214M |
| OPERATING INCOME | $37M |
| Interest Income | $369.0K |
| Interest Expense | $7M |
| Other Income/Expenses | -$9M |
| INCOME BEFORE TAX | $28M |
| Income Tax Expense | $9M |
| Net Income from Continuing Ops | $19M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $19M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $19M |
| D&A | $12M |
| EBIT | $37M |
| EBITDA | $49M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $251M |
| Cost of Revenue | $120M |
| GROSS PROFIT | $131M |
| R&D Expenses | $48M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $46M |
| Other Expenses | $0 |
| Operating Expenses | $94M |
| Cost & Expenses | $214M |
| OPERATING INCOME | $37M |
| Interest Income | $369.0K |
| Interest Expense | $7M |
| Other Income/Expenses | -$9M |
| INCOME BEFORE TAX | $28M |
| Income Tax Expense | $9M |
| Net Income from Continuing Ops | $19M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $19M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $19M |
| D&A | $12M |
| EBIT | $37M |
| EBITDA | $49M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $19M |
| Depreciation & Amortization | $12M |
| Stock-Based Compensation | $7M |
| Deferred Income Tax | $2M |
| Other Non-Cash Items | $1M |
| Change in Working Capital | -$13M |
| OPERATING CASH FLOW | $28M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $536.0K |
| Other Investing Activities | -$4M |
| NET CASH FROM INVESTING | -$5M |
| Net Debt Issuance | -$10M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$9M |
| NET CASH FROM FINANCING | -$19M |
| FREE CASH FLOW | $26M |
| Net Change in Cash | $5M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $156M |
| Short-Term Investments | $0 |
| Net Receivables | $166M |
| Inventory | $170M |
| Other Current Assets | $97M |
| TOTAL CURRENT ASSETS | $598M |
| PP&E (Net) | $120M |
| Goodwill | $534M |
| Intangible Assets | $36M |
| Long-Term Investments | $0 |
| Tax Assets | $39M |
| Other Non-Current Assets | $105M |
| TOTAL NON-CURRENT ASSETS | $834M |
| TOTAL ASSETS | $1.4B |
| Account Payables | $69M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $236M |
| Long-Term Debt | $543M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $715.0K |
| Other Non-Current Liabilities | $84M |
| TOTAL NON-CURRENT LIABILITIES | $627M |
| TOTAL LIABILITIES | $863M |
| Common Stock | $990.0K |
| Additional Paid-In Capital | $1.5B |
| Retained Earnings | -$376M |
| Treasury Stock | -$506M |
| Accum. Other Comp. Income | -$9M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $569M |
| Minority Interest | $0 |
| TOTAL EQUITY | $569M |
| TOTAL LIABILITIES & EQUITY | $1.4B |
| Total Debt | $543M |
| Net Debt | $386M |
