Revenue performance: Q1 2026 revenue of $11,885,000; YoY change: -86.62%; QoQ change: -85.83%.
Net income and margins: Net income of $9,506,000; Net income margin 0.7998 (approximately 80%). YoY net income change: +110.55%; QoQ net income change: +42.99%. Earnings per share (EPS): $0.19; YoY EPS change: +113.10%; QoQ EPS change: +72.73%.
Tax and pre-tax metrics: Income before tax of $11,967,000; Income tax expense $2,461,000; Effective tax rate implied ~20.6% for the quarter.
Balance sheet and liquidity: Cash and cash equivalents $130,139,000; Short-term investments $1,016,182,000; Total current assets $6,898,140,000; Total assets $7,648,010,000; Net receivables $5,751,819,000; Goodwill and intangibles combined $114,842,000; Retained earnings $344,287,000; Total stockholders’ equity $753,204,000; Net debt position approximately -$130,139,000 (net cash).
Notes on readability of ratios: The provided ratiosInfo section is largely empty; peer-bank comparisons are drawn from listed peers’ Q1/Q2/Q3 2025 data, highlighting KRNY’s comparable ROA/ROE profiles with the group rather than a direct one-to-one benchmark. The revenue line’s steep year-over-year decline juxtaposed with a strong quarterly net income raises questions about one-time items or non-operating gains that require clarification from the earnings call and subsequent filings.