| Metric | Q1 2026 | Q4 2025 | Q1 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $594M | $702M | $597M | -15.5% | -0.6% |
| Op. Income | $34M | $45M | $17M | -23.9% | 96.8% |
| Gross Margin | 19.2% | 16.6% | 16.1% | 2.6pp | 3.1pp |
| Net Margin | 1.4% | 1.3% | 0.0% | 0.1pp | 1.4pp |
| EPS (Diluted) | $0.34 | $0.37 | $0.01 | -8.1% | 6438.5% |
| Free Cash Flow | -$217M | $151M | -$85M | -243.8% | -154.9% |
| Item | Amount |
|---|---|
| REVENUE | $594M |
| Cost of Revenue | $480M |
| GROSS PROFIT | $114M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $80M |
| Other Expenses | $0 |
| Operating Expenses | $80M |
| Cost & Expenses | $560M |
| OPERATING INCOME | $34M |
| Interest Income | $647.0K |
| Interest Expense | $19M |
| Other Income/Expenses | -$14M |
| INCOME BEFORE TAX | $20M |
| Income Tax Expense | $5M |
| Net Income from Continuing Ops | $14M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $8M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $8M |
| D&A | $14M |
| EBIT | $39M |
| EBITDA | $52M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $594M |
| Cost of Revenue | $480M |
| GROSS PROFIT | $114M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $80M |
| Other Expenses | $0 |
| Operating Expenses | $80M |
| Cost & Expenses | $560M |
| OPERATING INCOME | $34M |
| Interest Income | $647.0K |
| Interest Expense | $19M |
| Other Income/Expenses | -$14M |
| INCOME BEFORE TAX | $20M |
| Income Tax Expense | $5M |
| Net Income from Continuing Ops | $14M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $8M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $8M |
| D&A | $14M |
| EBIT | $39M |
| EBITDA | $52M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $8M |
| Depreciation & Amortization | $14M |
| Stock-Based Compensation | $8M |
| Deferred Income Tax | -$3M |
| Other Non-Cash Items | -$5M |
| Change in Working Capital | -$227M |
| OPERATING CASH FLOW | -$205M |
| Capital Expenditure | -$12M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $143.0K |
| NET CASH FROM INVESTING | -$12M |
| Net Debt Issuance | $166M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$20M |
| Other Financing Activities | -$11M |
| NET CASH FROM FINANCING | $135M |
| FREE CASH FLOW | -$217M |
| Net Change in Cash | -$82M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $178M |
| Short-Term Investments | $0 |
| Net Receivables | $552M |
| Inventory | $1.4B |
| Other Current Assets | $89M |
| TOTAL CURRENT ASSETS | $2.3B |
| PP&E (Net) | $414M |
| Goodwill | $214M |
| Intangible Assets | $55M |
| Long-Term Investments | $88M |
| Tax Assets | $20M |
| Other Non-Current Assets | $52M |
| TOTAL NON-CURRENT ASSETS | $843M |
| TOTAL ASSETS | $3.2B |
| Account Payables | $120M |
| Short-Term Debt | $621M |
| Deferred Revenue | $5M |
| Other Current Liabilities | $23M |
| TOTAL CURRENT LIABILITIES | $943M |
| Long-Term Debt | $618M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $42M |
| Other Non-Current Liabilities | $62M |
| TOTAL NON-CURRENT LIABILITIES | $747M |
| TOTAL LIABILITIES | $1.7B |
| Common Stock | $355M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $1.2B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$71M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.5B |
| Minority Interest | $41M |
| TOTAL EQUITY | $1.5B |
| TOTAL LIABILITIES & EQUITY | $3.2B |
| Total Debt | $1.3B |
| Net Debt | $1.1B |
