Reported Q1 2026 revenue of $223.4 million, down 26% from $302.4 million in Q1 2025. Net income was $2.0 million, compared to $16.7 million in the prior-year period. Net loss attributable to common stockholders was $13.5 million, or $0.09 per share. Gross profit decreased 18% to $63.0 million, though gross margin improved to 28.2% from 25.3%. Operating expenses rose 14% to $55.9 million, driven by acquisition-related costs and personnel expenses.