| Metric | Q1 2026 | Q4 2025 | Q1 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $983M | $1.0B | $984M | -2.3% | -0.1% |
| Op. Income | $123M | $197M | $177M | -37.5% | -30.7% |
| Gross Margin | 33.4% | 27.5% | 37.0% | 5.9pp | -3.7pp |
| Net Margin | 6.6% | 11.4% | 12.6% | -4.8pp | -6.0pp |
| EPS (Diluted) | $0.20 | $0.36 | $0.36 | -44.4% | -44.4% |
| Free Cash Flow | $62M | $106M | $124M | -41.5% | -49.8% |
| Item | Amount |
|---|---|
| REVENUE | $983M |
| Cost of Revenue | $655M |
| GROSS PROFIT | $328M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $205M |
| Other Expenses | $0 |
| Operating Expenses | $205M |
| Cost & Expenses | $860M |
| OPERATING INCOME | $123M |
| Interest Income | $2M |
| Interest Expense | -$36M |
| Other Income/Expenses | -$33M |
| INCOME BEFORE TAX | $90M |
| Income Tax Expense | $25M |
| Net Income from Continuing Ops | $65M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $65M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $65M |
| D&A | $0 |
| EBIT | $0 |
| EBITDA | $123M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $983M |
| Cost of Revenue | $655M |
| GROSS PROFIT | $328M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $205M |
| Other Expenses | $0 |
| Operating Expenses | $205M |
| Cost & Expenses | $860M |
| OPERATING INCOME | $123M |
| Interest Income | $2M |
| Interest Expense | -$36M |
| Other Income/Expenses | -$33M |
| INCOME BEFORE TAX | $90M |
| Income Tax Expense | $25M |
| Net Income from Continuing Ops | $65M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $65M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $65M |
| D&A | $0 |
| EBIT | $0 |
| EBITDA | $123M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $65M |
| Depreciation & Amortization | $47M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$2M |
| Change in Working Capital | $0 |
| OPERATING CASH FLOW | $109M |
| Capital Expenditure | -$47M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$41M |
| Sales/Maturities of Investments | $33M |
| Other Investing Activities | -$1M |
| NET CASH FROM INVESTING | -$56M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$53M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$129M |
| NET CASH FROM FINANCING | -$208M |
| FREE CASH FLOW | $62M |
| Net Change in Cash | -$155M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $909M |
| Short-Term Investments | $0 |
| Net Receivables | $0 |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $909M |
| PP&E (Net) | $92M |
| Goodwill | $2.1B |
| Intangible Assets | $389M |
| Long-Term Investments | $0 |
| Tax Assets | $215M |
| Other Non-Current Assets | $0 |
| TOTAL NON-CURRENT ASSETS | $2.8B |
| TOTAL ASSETS | $8.1B |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $66M |
| TOTAL CURRENT LIABILITIES | $66M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $162M |
| Other Non-Current Liabilities | $7.0B |
| TOTAL NON-CURRENT LIABILITIES | $7.1B |
| TOTAL LIABILITIES | $7.2B |
| Common Stock | $3M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$77M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$142M |
| Other Equity | $1.1B |
| TOTAL STOCKHOLDERS' EQUITY | $911M |
| Minority Interest | $0 |
| TOTAL EQUITY | $911M |
| TOTAL LIABILITIES & EQUITY | $8.1B |
| Total Debt | $0 |
| Net Debt | -$909M |
