| Metric | Q1 2026 | Q4 2025 | Q1 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $546M | $288M | $551M | 89.5% | -0.9% |
| Op. Income | $103M | -$34M | $48M | 399.1% | 114.0% |
| Gross Margin | 46.5% | 43.7% | 43.8% | 2.8pp | 2.6pp |
| Net Margin | 17.2% | -13.1% | 9.1% | 30.3pp | 8.1pp |
| EPS (Diluted) | $0.75 | $-0.31 | $0.40 | 341.9% | 87.5% |
| Free Cash Flow | $157M | -$2M | $143M | 6832.9% | 10.0% |
| Item | Amount |
|---|---|
| REVENUE | $546M |
| Cost of Revenue | $292M |
| GROSS PROFIT | $253M |
| R&D Expenses | $60M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $91M |
| Other Expenses | $0 |
| Operating Expenses | $151M |
| Cost & Expenses | $443M |
| OPERATING INCOME | $103M |
| Interest Income | $1M |
| Interest Expense | $116.0K |
| Other Income/Expenses | -$858.0K |
| INCOME BEFORE TAX | $102M |
| Income Tax Expense | $8M |
| Net Income from Continuing Ops | $94M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $94M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $94M |
| D&A | $14M |
| EBIT | $102M |
| EBITDA | $116M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $546M |
| Cost of Revenue | $292M |
| GROSS PROFIT | $253M |
| R&D Expenses | $60M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $91M |
| Other Expenses | $0 |
| Operating Expenses | $151M |
| Cost & Expenses | $443M |
| OPERATING INCOME | $103M |
| Interest Income | $1M |
| Interest Expense | $116.0K |
| Other Income/Expenses | -$858.0K |
| INCOME BEFORE TAX | $102M |
| Income Tax Expense | $8M |
| Net Income from Continuing Ops | $94M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $94M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $94M |
| D&A | $14M |
| EBIT | $102M |
| EBITDA | $116M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $94M |
| Depreciation & Amortization | $14M |
| Stock-Based Compensation | $15M |
| Deferred Income Tax | $48.0K |
| Other Non-Cash Items | $553.0K |
| Change in Working Capital | $40M |
| OPERATING CASH FLOW | $163M |
| Capital Expenditure | -$6M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$13M |
| Sales/Maturities of Investments | $14M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$4M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$36M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$780.0K |
| NET CASH FROM FINANCING | -$23M |
| FREE CASH FLOW | $157M |
| Net Change in Cash | $138M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $313M |
| Short-Term Investments | $51M |
| Net Receivables | $116M |
| Inventory | $125M |
| Other Current Assets | $35M |
| TOTAL CURRENT ASSETS | $640M |
| PP&E (Net) | $110M |
| Goodwill | $83M |
| Intangible Assets | $71M |
| Long-Term Investments | $0 |
| Tax Assets | $11M |
| Other Non-Current Assets | $33M |
| TOTAL NON-CURRENT ASSETS | $308M |
| TOTAL ASSETS | $948M |
| Account Payables | $204M |
| Short-Term Debt | $0 |
| Deferred Revenue | $22M |
| Other Current Liabilities | $67M |
| TOTAL CURRENT LIABILITIES | $388M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $61M |
| Deferred Tax Liabilities | $129.0K |
| Other Non-Current Liabilities | $3M |
| TOTAL NON-CURRENT LIABILITIES | $116M |
| TOTAL LIABILITIES | $505M |
| Common Stock | $124.0K |
| Additional Paid-In Capital | $506M |
| Retained Earnings | -$18M |
| Treasury Stock | -$48M |
| Accum. Other Comp. Income | $4M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $443M |
| Minority Interest | $0 |
| TOTAL EQUITY | $443M |
| TOTAL LIABILITIES & EQUITY | $948M |
| Total Debt | $59M |
| Net Debt | -$253M |
