| Metric | Q1 2026 | Q4 2025 | Q1 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $961M | — | $934M | — | 2.9% |
| Op. Income | $159M | — | $156M | — | 1.9% |
| Gross Margin | 54.1% | — | 46.3% | — | 7.9pp |
| Net Margin | 8.2% | — | 7.8% | — | 0.4pp |
| EPS (Diluted) | $1.22 | — | $1.07 | — | 14.0% |
| Free Cash Flow | $19M | — | $100M | — | -81.0% |
| Item | Amount |
|---|---|
| REVENUE | $961M |
| Cost of Revenue | $441M |
| GROSS PROFIT | $520M |
| R&D Expenses | $0 |
| Selling & Marketing | $142M |
| General & Administrative | $121M |
| SG&A Expenses | $263M |
| Other Expenses | $98M |
| Operating Expenses | $361M |
| Cost & Expenses | $802M |
| OPERATING INCOME | $159M |
| Interest Income | $2M |
| Interest Expense | $56M |
| Other Income/Expenses | -$51M |
| INCOME BEFORE TAX | $108M |
| Income Tax Expense | $29M |
| Net Income from Continuing Ops | $79M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $79M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $79M |
| D&A | $32M |
| EBIT | $159M |
| EBITDA | $191M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $961M |
| Cost of Revenue | $441M |
| GROSS PROFIT | $520M |
| R&D Expenses | $0 |
| Selling & Marketing | $142M |
| General & Administrative | $121M |
| SG&A Expenses | $263M |
| Other Expenses | $98M |
| Operating Expenses | $361M |
| Cost & Expenses | $802M |
| OPERATING INCOME | $159M |
| Interest Income | $2M |
| Interest Expense | $56M |
| Other Income/Expenses | -$51M |
| INCOME BEFORE TAX | $108M |
| Income Tax Expense | $29M |
| Net Income from Continuing Ops | $79M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $79M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $79M |
| D&A | $32M |
| EBIT | $159M |
| EBITDA | $191M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $79M |
| Depreciation & Amortization | $32M |
| Stock-Based Compensation | $13M |
| Deferred Income Tax | $29M |
| Other Non-Cash Items | $123M |
| Change in Working Capital | -$238M |
| OPERATING CASH FLOW | $38M |
| Capital Expenditure | -$19M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$8M |
| Sales/Maturities of Investments | $9M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$18M |
| Net Debt Issuance | $147M |
| Common Stock Repurchased | -$87M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$16M |
| NET CASH FROM FINANCING | $7M |
| FREE CASH FLOW | $19M |
| Net Change in Cash | $30M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $254M |
| Short-Term Investments | $0 |
| Net Receivables | $152M |
| Inventory | $1.2B |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $1.6B |
| PP&E (Net) | $523M |
| Goodwill | $971M |
| Intangible Assets | $200M |
| Long-Term Investments | $1M |
| Tax Assets | $732M |
| Other Non-Current Assets | -$1M |
| TOTAL NON-CURRENT ASSETS | $2.4B |
| TOTAL ASSETS | $6.8B |
| Account Payables | $63M |
| Short-Term Debt | $0 |
| Deferred Revenue | $478M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $1.4B |
| Long-Term Debt | $5.8B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $732M |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $6.5B |
| TOTAL LIABILITIES | $7.9B |
| Common Stock | $3M |
| Additional Paid-In Capital | $4.4B |
| Retained Earnings | $2.5B |
| Treasury Stock | -$7.8B |
| Accum. Other Comp. Income | -$63M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$1.0B |
| Minority Interest | -$1M |
| TOTAL EQUITY | -$1.0B |
| TOTAL LIABILITIES & EQUITY | $6.8B |
| Total Debt | $5.8B |
| Net Debt | $5.5B |
