| Metric | Q1 2026 | Q4 2025 | Q1 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $343M | $344M | $361M | -0.4% | -5.1% |
| Op. Income | $82M | $78M | $60M | 6.0% | 36.6% |
| Gross Margin | 54.8% | 53.8% | 47.5% | 1.0pp | 7.3pp |
| Net Margin | 18.7% | 17.6% | 13.1% | 1.1pp | 5.6pp |
| EPS (Diluted) | $0.79 | $0.72 | $0.54 | 9.7% | 46.3% |
| Free Cash Flow | $50M | $46M | $43M | 9.7% | 16.4% |
| Item | Amount |
|---|---|
| REVENUE | $343M |
| Cost of Revenue | $155M |
| GROSS PROFIT | $188M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $65M |
| SG&A Expenses | $65M |
| Other Expenses | $40M |
| Operating Expenses | $106M |
| Cost & Expenses | $261M |
| OPERATING INCOME | $82M |
| Interest Income | $322M |
| Interest Expense | $151M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $82M |
| Income Tax Expense | $18M |
| Net Income from Continuing Ops | $64M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $64M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $61M |
| D&A | $0 |
| EBIT | $82M |
| EBITDA | $82M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $343M |
| Cost of Revenue | $155M |
| GROSS PROFIT | $188M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $65M |
| SG&A Expenses | $65M |
| Other Expenses | $40M |
| Operating Expenses | $106M |
| Cost & Expenses | $261M |
| OPERATING INCOME | $82M |
| Interest Income | $322M |
| Interest Expense | $151M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $82M |
| Income Tax Expense | $18M |
| Net Income from Continuing Ops | $64M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $64M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $61M |
| D&A | $0 |
| EBIT | $82M |
| EBITDA | $82M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $64M |
| Depreciation & Amortization | -$2M |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$325.0K |
| Change in Working Capital | -$4M |
| OPERATING CASH FLOW | $60M |
| Capital Expenditure | -$10M |
| Acquisitions (Net) | -$2M |
| Purchases of Investments | -$866M |
| Sales/Maturities of Investments | $151M |
| Other Investing Activities | $216M |
| NET CASH FROM INVESTING | -$512M |
| Net Debt Issuance | $670M |
| Common Stock Repurchased | -$58M |
| Common Dividends Paid | -$20M |
| Other Financing Activities | -$59M |
| NET CASH FROM FINANCING | $529M |
| FREE CASH FLOW | $50M |
| Net Change in Cash | $78M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $735M |
| Short-Term Investments | $3.2B |
| Net Receivables | $200M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $4.2B |
| PP&E (Net) | $271M |
| Goodwill | $416M |
| Intangible Assets | $27M |
| Long-Term Investments | $21.5B |
| Tax Assets | $0 |
| Other Non-Current Assets | $882M |
| TOTAL NON-CURRENT ASSETS | $23.1B |
| TOTAL ASSETS | $27.3B |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $21.4B |
| TOTAL CURRENT LIABILITIES | $21.4B |
| Long-Term Debt | $2.5B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $351M |
| TOTAL NON-CURRENT LIABILITIES | $2.8B |
| TOTAL LIABILITIES | $24.3B |
| Common Stock | $155M |
| Additional Paid-In Capital | $2.2B |
| Retained Earnings | $2.1B |
| Treasury Stock | -$1.8B |
| Accum. Other Comp. Income | $62M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.0B |
| Minority Interest | $0 |
| TOTAL EQUITY | $3.0B |
| TOTAL LIABILITIES & EQUITY | $27.3B |
| Total Debt | $2.5B |
| Net Debt | $1.8B |
