| Metric | Q1 2026 | Q4 2025 | Q1 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $9M | $4M | $4M | 115.4% | 112.1% |
| Op. Income | $69M | -$7M | -$1M | 1163.2% | 5279.5% |
| Gross Margin | 89.6% | 79.4% | 67.3% | 10.3pp | 22.4pp |
| Net Margin | 722.4% | -161.5% | -37.3% | 883.9pp | 759.7pp |
| EPS (Diluted) | $0.75 | $-0.25 | $-1.55 | 400.0% | 148.4% |
| Free Cash Flow | -$17M | -$4M | -$2M | -289.3% | -713.4% |
| Item | Amount |
|---|---|
| REVENUE | $9M |
| Cost of Revenue | $956.7K |
| GROSS PROFIT | $8M |
| R&D Expenses | $0 |
| Selling & Marketing | $2M |
| General & Administrative | $15M |
| SG&A Expenses | $17M |
| Other Expenses | -$78M |
| Operating Expenses | -$61M |
| Cost & Expenses | -$60M |
| OPERATING INCOME | $69M |
| Interest Income | $0 |
| Interest Expense | $3M |
| Other Income/Expenses | -$2M |
| INCOME BEFORE TAX | $67M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | $67M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $67M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $67M |
| D&A | $155.1K |
| EBIT | $69M |
| EBITDA | $70M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $9M |
| Cost of Revenue | $956.7K |
| GROSS PROFIT | $8M |
| R&D Expenses | $0 |
| Selling & Marketing | $2M |
| General & Administrative | $15M |
| SG&A Expenses | $17M |
| Other Expenses | -$78M |
| Operating Expenses | -$61M |
| Cost & Expenses | -$60M |
| OPERATING INCOME | $69M |
| Interest Income | $0 |
| Interest Expense | $3M |
| Other Income/Expenses | -$2M |
| INCOME BEFORE TAX | $67M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | $67M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $67M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $67M |
| D&A | $155.1K |
| EBIT | $69M |
| EBITDA | $70M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $67M |
| Depreciation & Amortization | $155.1K |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$85M |
| Change in Working Capital | $845.0K |
| OPERATING CASH FLOW | -$17M |
| Capital Expenditure | -$14.8K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$30M |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$30M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $47M |
| FREE CASH FLOW | -$17M |
| Net Change in Cash | -$737.9K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2M |
| Short-Term Investments | $0 |
| Net Receivables | $3M |
| Inventory | $1M |
| Other Current Assets | $213M |
| TOTAL CURRENT ASSETS | $220M |
| PP&E (Net) | $4M |
| Goodwill | $848.9K |
| Intangible Assets | $143.9K |
| Long-Term Investments | $750.0K |
| Tax Assets | $6M |
| Other Non-Current Assets | $188M |
| TOTAL NON-CURRENT ASSETS | $199M |
| TOTAL ASSETS | $420M |
| Account Payables | $2M |
| Short-Term Debt | $56M |
| Deferred Revenue | $51.3K |
| Other Current Liabilities | $3M |
| TOTAL CURRENT LIABILITIES | $65M |
| Long-Term Debt | $143M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $144M |
| TOTAL LIABILITIES | $209M |
| Common Stock | $589 |
| Additional Paid-In Capital | $205M |
| Retained Earnings | $6M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $211M |
| Minority Interest | $0 |
| TOTAL EQUITY | $211M |
| TOTAL LIABILITIES & EQUITY | $420M |
| Total Debt | $201M |
| Net Debt | $199M |
