| Metric | Q1 2026 | Q4 2025 | Q1 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $540M | $892M | $843M | -39.4% | -35.9% |
| Op. Income | $209M | $222M | $139M | -5.6% | 50.4% |
| Net Margin | 30.3% | 21.9% | 12.6% | 8.4pp | 17.8pp |
| EPS (Diluted) | $0.29 | $0.33 | $0.18 | -12.1% | 61.1% |
| Item | Amount |
|---|---|
| REVENUE | $540M |
| Cost of Revenue | $0 |
| GROSS PROFIT | $0 |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $0 |
| Operating Expenses | $0 |
| Cost & Expenses | $0 |
| OPERATING INCOME | $209M |
| Interest Income | $0 |
| Interest Expense | $310M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $209M |
| Income Tax Expense | $45M |
| Net Income from Continuing Ops | $164M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $164M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $164M |
| D&A | $0 |
| EBIT | $209M |
| EBITDA | $209M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Cash & Equivalents | $362M |
| Short-Term Investments | $4.2B |
| Net Receivables | $244M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $4.8B |
| PP&E (Net) | $628M |
| Goodwill | $1.9B |
| Intangible Assets | $95M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $0 |
| TOTAL NON-CURRENT ASSETS | $2.6B |
| TOTAL ASSETS | $64.5B |
| Account Payables | $0 |
| Short-Term Debt | $428M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $428M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $56.2B |
| TOTAL NON-CURRENT LIABILITIES | $56.2B |
| TOTAL LIABILITIES | $56.6B |
| Common Stock | $197M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $2.0B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$98M |
| Other Equity | $5.7B |
| TOTAL STOCKHOLDERS' EQUITY | $7.8B |
| Minority Interest | $0 |
| TOTAL EQUITY | $7.8B |
| TOTAL LIABILITIES & EQUITY | $64.5B |
| Total Debt | $428M |
| Net Debt | $66M |
