| Metric | Q1 2026 | Q4 2025 | Q1 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $221M | $222M | $201M | -0.7% | 9.6% |
| Op. Income | $16M | $25M | $27M | -37.2% | -42.9% |
| Gross Margin | 49.7% | 49.8% | 50.3% | -0.1pp | -0.6pp |
| Net Margin | 5.8% | 8.4% | 11.0% | -2.6pp | -5.2pp |
| EPS (Diluted) | $0.23 | $0.34 | $0.40 | -32.4% | -42.5% |
| Free Cash Flow | -$19M | $41M | $20M | -147.2% | -197.7% |
| Item | Amount |
|---|---|
| REVENUE | $221M |
| Cost of Revenue | $111M |
| GROSS PROFIT | $110M |
| R&D Expenses | $0 |
| Selling & Marketing | $25M |
| General & Administrative | $70M |
| SG&A Expenses | $95M |
| Other Expenses | -$596.0K |
| Operating Expenses | $94M |
| Cost & Expenses | $205M |
| OPERATING INCOME | $16M |
| Interest Income | $2M |
| Interest Expense | $1M |
| Other Income/Expenses | $525.0K |
| INCOME BEFORE TAX | $16M |
| Income Tax Expense | -$3M |
| Net Income from Continuing Ops | $13M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $13M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $13M |
| D&A | $15M |
| EBIT | $16M |
| EBITDA | $31M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $221M |
| Cost of Revenue | $111M |
| GROSS PROFIT | $110M |
| R&D Expenses | $0 |
| Selling & Marketing | $25M |
| General & Administrative | $70M |
| SG&A Expenses | $95M |
| Other Expenses | -$596.0K |
| Operating Expenses | $94M |
| Cost & Expenses | $205M |
| OPERATING INCOME | $16M |
| Interest Income | $2M |
| Interest Expense | $1M |
| Other Income/Expenses | $525.0K |
| INCOME BEFORE TAX | $16M |
| Income Tax Expense | -$3M |
| Net Income from Continuing Ops | $13M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $13M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $13M |
| D&A | $15M |
| EBIT | $16M |
| EBITDA | $31M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $13M |
| Depreciation & Amortization | $15M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | $2M |
| Other Non-Cash Items | $8M |
| Change in Working Capital | -$38M |
| OPERATING CASH FLOW | $3M |
| Capital Expenditure | -$22M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$34M |
| Sales/Maturities of Investments | $10M |
| Other Investing Activities | -$438.0K |
| NET CASH FROM INVESTING | -$47M |
| Net Debt Issuance | $14M |
| Common Stock Repurchased | -$7M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $7M |
| FREE CASH FLOW | -$19M |
| Net Change in Cash | -$37M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $94M |
| Short-Term Investments | $69M |
| Net Receivables | $96M |
| Inventory | $0 |
| Other Current Assets | -$11M |
| TOTAL CURRENT ASSETS | $249M |
| PP&E (Net) | $493M |
| Goodwill | $28M |
| Intangible Assets | $21M |
| Long-Term Investments | $0 |
| Tax Assets | $2M |
| Other Non-Current Assets | $41M |
| TOTAL NON-CURRENT ASSETS | $585M |
| TOTAL ASSETS | $834M |
| Account Payables | $30M |
| Short-Term Debt | $3M |
| Deferred Revenue | $89M |
| Other Current Liabilities | $78M |
| TOTAL CURRENT LIABILITIES | $218M |
| Long-Term Debt | $268M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $4M |
| Other Non-Current Liabilities | -$162M |
| TOTAL NON-CURRENT LIABILITIES | $280M |
| TOTAL LIABILITIES | $498M |
| Common Stock | $5.0K |
| Additional Paid-In Capital | $221M |
| Retained Earnings | $114M |
| Treasury Stock | -$365.0K |
| Accum. Other Comp. Income | $817.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $336M |
| Minority Interest | $0 |
| TOTAL EQUITY | $336M |
| TOTAL LIABILITIES & EQUITY | $834M |
| Total Debt | $459M |
| Net Debt | $366M |
