| Metric | Q1 2026 | Q4 2025 | Q1 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $583M | $600M | $558M | -2.8% | 4.5% |
| Op. Income | $15M | $20M | $16M | -25.3% | -5.5% |
| Gross Margin | 26.9% | 28.2% | 29.0% | -1.3pp | -2.2pp |
| Net Margin | 2.1% | 2.6% | 2.3% | -0.5pp | -0.2pp |
| EPS (Diluted) | $0.81 | $1.05 | $0.86 | -22.9% | -5.8% |
| Free Cash Flow | $11M | $12M | $8M | -7.9% | 26.4% |
| Item | Amount |
|---|---|
| REVENUE | $583M |
| Cost of Revenue | $426M |
| GROSS PROFIT | $157M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $141M |
| Other Expenses | $0 |
| Operating Expenses | $141M |
| Cost & Expenses | $567M |
| OPERATING INCOME | $15M |
| Interest Income | $3M |
| Interest Expense | $862.0K |
| Other Income/Expenses | $2M |
| INCOME BEFORE TAX | $18M |
| Income Tax Expense | $6M |
| Net Income from Continuing Ops | $12M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $12M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $12M |
| D&A | $8M |
| EBIT | $18M |
| EBITDA | $27M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $583M |
| Cost of Revenue | $426M |
| GROSS PROFIT | $157M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $141M |
| Other Expenses | $0 |
| Operating Expenses | $141M |
| Cost & Expenses | $567M |
| OPERATING INCOME | $15M |
| Interest Income | $3M |
| Interest Expense | $862.0K |
| Other Income/Expenses | $2M |
| INCOME BEFORE TAX | $18M |
| Income Tax Expense | $6M |
| Net Income from Continuing Ops | $12M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $12M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $12M |
| D&A | $8M |
| EBIT | $18M |
| EBITDA | $27M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $12M |
| Depreciation & Amortization | $9M |
| Stock-Based Compensation | $913.0K |
| Deferred Income Tax | $309.0K |
| Other Non-Cash Items | $220.0K |
| Change in Working Capital | -$3M |
| OPERATING CASH FLOW | $20M |
| Capital Expenditure | -$9M |
| Acquisitions (Net) | $4M |
| Purchases of Investments | -$2M |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$7M |
| Net Debt Issuance | -$3M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$3M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$6M |
| FREE CASH FLOW | $11M |
| Net Change in Cash | $7M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $118M |
| Short-Term Investments | $0 |
| Net Receivables | $22M |
| Inventory | $54M |
| Other Current Assets | $19M |
| TOTAL CURRENT ASSETS | $213M |
| PP&E (Net) | $567M |
| Goodwill | $24M |
| Intangible Assets | $0 |
| Long-Term Investments | $172M |
| Tax Assets | $0 |
| Other Non-Current Assets | $29M |
| TOTAL NON-CURRENT ASSETS | $791M |
| TOTAL ASSETS | $1.0B |
| Account Payables | $116M |
| Short-Term Debt | $33M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $181M |
| Long-Term Debt | $47M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $22M |
| TOTAL NON-CURRENT LIABILITIES | $322M |
| TOTAL LIABILITIES | $503M |
| Common Stock | $85M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $432M |
| Treasury Stock | -$20M |
| Accum. Other Comp. Income | $4M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $501M |
| Minority Interest | $0 |
| TOTAL EQUITY | $501M |
| TOTAL LIABILITIES & EQUITY | $1.0B |
| Total Debt | $332M |
| Net Debt | $215M |
