| Metric | Q1 2026 | Q4 2025 | Q1 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $206M | $207M | $193M | -0.7% | 6.5% |
| Op. Income | $28M | $32M | $28M | -12.1% | 0.4% |
| Gross Margin | 41.2% | 40.8% | 39.5% | 0.4pp | 1.7pp |
| Net Margin | 10.8% | 12.5% | 11.6% | -1.7pp | -0.8pp |
| EPS (Diluted) | $0.08 | $0.09 | $0.08 | -14.1% | -0.5% |
| Free Cash Flow | $57M | -$13M | $45M | 531.0% | 27.1% |
| Item | Amount |
|---|---|
| REVENUE | $206M |
| Cost of Revenue | $121M |
| GROSS PROFIT | $85M |
| R&D Expenses | $0 |
| Selling & Marketing | $6M |
| General & Administrative | $32M |
| SG&A Expenses | $38M |
| Other Expenses | $18M |
| Operating Expenses | $56M |
| Cost & Expenses | $177M |
| OPERATING INCOME | $28M |
| Interest Income | $198M |
| Interest Expense | $122M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $28M |
| Income Tax Expense | $6M |
| Net Income from Continuing Ops | $22M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $22M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $22M |
| D&A | $0 |
| EBIT | $28M |
| EBITDA | $28M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $206M |
| Cost of Revenue | $121M |
| GROSS PROFIT | $85M |
| R&D Expenses | $0 |
| Selling & Marketing | $6M |
| General & Administrative | $32M |
| SG&A Expenses | $38M |
| Other Expenses | $18M |
| Operating Expenses | $56M |
| Cost & Expenses | $177M |
| OPERATING INCOME | $28M |
| Interest Income | $198M |
| Interest Expense | $122M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $28M |
| Income Tax Expense | $6M |
| Net Income from Continuing Ops | $22M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $22M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $22M |
| D&A | $0 |
| EBIT | $28M |
| EBITDA | $28M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $22M |
| Depreciation & Amortization | $6M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $12M |
| Change in Working Capital | $16M |
| OPERATING CASH FLOW | $59M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$18M |
| Sales/Maturities of Investments | $86M |
| Other Investing Activities | -$53M |
| NET CASH FROM INVESTING | $14M |
| Net Debt Issuance | $71M |
| Common Stock Repurchased | -$3M |
| Common Dividends Paid | -$15M |
| Other Financing Activities | -$99M |
| NET CASH FROM FINANCING | -$45M |
| FREE CASH FLOW | $57M |
| Net Change in Cash | $27M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $457M |
| Short-Term Investments | $4M |
| Net Receivables | $60M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $521M |
| PP&E (Net) | $40M |
| Goodwill | $0 |
| Intangible Assets | $9M |
| Long-Term Investments | $16.2B |
| Tax Assets | $0 |
| Other Non-Current Assets | $722M |
| TOTAL NON-CURRENT ASSETS | $17.0B |
| TOTAL ASSETS | $17.5B |
| Account Payables | $17M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $10.4B |
| TOTAL CURRENT LIABILITIES | $10.4B |
| Long-Term Debt | $5.0B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $244M |
| TOTAL NON-CURRENT LIABILITIES | $5.2B |
| TOTAL LIABILITIES | $15.6B |
| Common Stock | $3M |
| Additional Paid-In Capital | $1.8B |
| Retained Earnings | $954M |
| Treasury Stock | -$774M |
| Accum. Other Comp. Income | -$21M |
| Other Equity | -$17M |
| TOTAL STOCKHOLDERS' EQUITY | $1.9B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.9B |
| TOTAL LIABILITIES & EQUITY | $17.5B |
| Total Debt | $5.0B |
| Net Debt | $4.5B |
