| Metric | Q1 2026 | Q4 2025 | Q1 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $122M | $140M | $119M | -12.8% | 2.5% |
| Op. Income | $10M | $24M | $70.0K | -57.0% | 14451.4% |
| Gross Margin | 86.9% | 86.8% | 83.9% | 0.1pp | 3.0pp |
| Net Margin | 5.2% | 13.7% | 0.0% | -8.5pp | 5.2pp |
| EPS (Diluted) | $0.23 | $0.77 | $-0.03 | -70.1% | 866.7% |
| Free Cash Flow | $3M | $25M | -$8M | -86.7% | 141.5% |
| Item | Amount |
|---|---|
| REVENUE | $122M |
| Cost of Revenue | $16M |
| GROSS PROFIT | $106M |
| R&D Expenses | $0 |
| Selling & Marketing | $1M |
| General & Administrative | $65M |
| SG&A Expenses | $66M |
| Other Expenses | $30M |
| Operating Expenses | $96M |
| Cost & Expenses | $112M |
| OPERATING INCOME | $10M |
| Interest Income | $103M |
| Interest Expense | $17M |
| Other Income/Expenses | -$2M |
| INCOME BEFORE TAX | $8M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | $6M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $6M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $6M |
| D&A | $0 |
| EBIT | $10M |
| EBITDA | $10M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $122M |
| Cost of Revenue | $16M |
| GROSS PROFIT | $106M |
| R&D Expenses | $0 |
| Selling & Marketing | $1M |
| General & Administrative | $65M |
| SG&A Expenses | $66M |
| Other Expenses | $30M |
| Operating Expenses | $96M |
| Cost & Expenses | $112M |
| OPERATING INCOME | $10M |
| Interest Income | $103M |
| Interest Expense | $17M |
| Other Income/Expenses | -$2M |
| INCOME BEFORE TAX | $8M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | $6M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $6M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $6M |
| D&A | $0 |
| EBIT | $10M |
| EBITDA | $10M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $6M |
| Depreciation & Amortization | $5M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | $5M |
| Other Non-Cash Items | -$329.0K |
| Change in Working Capital | -$15M |
| OPERATING CASH FLOW | $5M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$3M |
| Sales/Maturities of Investments | $24M |
| Other Investing Activities | -$191M |
| NET CASH FROM INVESTING | -$171M |
| Net Debt Issuance | -$250M |
| Common Stock Repurchased | -$92.0K |
| Common Dividends Paid | $0 |
| Other Financing Activities | $750M |
| NET CASH FROM FINANCING | $500M |
| FREE CASH FLOW | $3M |
| Net Change in Cash | $333M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $64M |
| Short-Term Investments | $340M |
| Net Receivables | $38M |
| Inventory | $0 |
| Other Current Assets | -$38M |
| TOTAL CURRENT ASSETS | $404M |
| PP&E (Net) | $89M |
| Goodwill | $355M |
| Intangible Assets | $45M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $0 |
| TOTAL NON-CURRENT ASSETS | $490M |
| TOTAL ASSETS | $6.9B |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $0 |
| Long-Term Debt | $143M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $4M |
| Other Non-Current Liabilities | $5.8B |
| TOTAL NON-CURRENT LIABILITIES | $5.9B |
| TOTAL LIABILITIES | $5.9B |
| Common Stock | $296.0K |
| Additional Paid-In Capital | $602M |
| Retained Earnings | $577M |
| Treasury Stock | -$271M |
| Accum. Other Comp. Income | -$3M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $951M |
| Minority Interest | $0 |
| TOTAL EQUITY | $951M |
| TOTAL LIABILITIES & EQUITY | $6.9B |
| Total Debt | $143M |
| Net Debt | $79M |
