$448.70M
Revenue
$77.80M
Net Income
26.19%
Gross Margin
11.19%
Op. Margin
$149.30M
Free Cash Flow
| Breakdown | Q4 2025 (Dec 31, 2025) |
Q3 2025 (Sep 30, 2025) |
Q2 2025 (Jun 30, 2025) |
Q1 2025 (Mar 31, 2025) |
Q4 2024 (Dec 31, 2024) |
Q3 2024 (Sep 30, 2024) |
Q2 2024 (Jun 30, 2024) |
Q1 2024 (Mar 31, 2024) |
Q4 2023 (Dec 31, 2023) |
Q3 2023 (Sep 30, 2023) |
Q2 2023 (Jun 30, 2023) |
Q1 2023 (Mar 31, 2023) |
Q4 2022 (Dec 31, 2022) |
Q3 2022 (Sep 30, 2022) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | $146.20M | $74.90M | $154.50M | $73.10M | $151.60M | $57.70M | $189.00M | $43.70M | $103.60M | $51.30M | $98.40M | $66.90M | $126.20M | $33.20M |
| Revenue Growth % (YoY) | -3.6% | 29.8% | -18.3% | 67.3% | 46.3% | 12.5% | 92.1% | -34.7% | -17.9% | 54.5% | nan% | nan% | nan% | nan% |
| Cost of Revenue | $111.20M | $79.20M | $100.60M | $40.20M | $89.80M | $48.80M | $152.50M | $39.40M | $53.80M | $40.00M | $70.40M | $43.90M | $77.80M | $30.90M |
| Gross Profit | $35.00M | $-4.30M | $53.90M | $32.90M | $61.80M | $8.90M | $36.50M | $4.30M | $49.80M | $11.30M | $28.00M | $23.00M | $48.40M | $2.30M |
| Gross Margin % | 23.9% | -5.7% | 34.9% | 45.0% | 40.8% | 15.4% | 19.3% | 9.8% | 48.1% | 22.0% | 28.5% | 34.4% | 38.4% | 6.9% |
| Research & Development | $8.90M | $1.70M | $3.30M | $3.00M | $3.30M | $4.10M | $4.10M | $5.70M | $3.40M | $3.30M | $4.10M | $3.40M | $4.80M | $5.40M |
| Selling General & Admin | $10.30M | $8.90M | $9.20M | $8.30M | $10.50M | $10.00M | $7.60M | $8.10M | $8.20M | $9.30M | $7.80M | $10.30M | $9.50M | $8.60M |
| Operating Income | $12.80M | $-16.60M | $33.50M | $20.50M | $45.10M | $-7.60M | $21.10M | $-10.60M | $32.60M | $-2.90M | $14.40M | $8.30M | $31.30M | $-12.80M |
| Operating Margin % | 8.8% | -22.2% | 21.7% | 28.0% | 29.7% | -13.2% | 11.2% | -24.3% | 31.5% | -5.7% | 14.6% | 12.4% | 24.8% | -38.6% |
| Interest Expense | $2.60M | $3.40M | $3.10M | $3.40M | $1.90M | $100.00K | $300.00K | $400.00K | $400.00K | $400.00K | $200.00K | $300.00K | $400.00K | $100.00K |
| Interest Income | $16.50M | $12.90M | $8.00M | $7.30M | $5.10M | $2.60M | $2.40M | $2.80M | $2.30M | $2.30M | $2.20M | $1.90M | $1.20M | $600.00K |
| Other Income/Expense | - | $100.00K | - | $-100.00K | - | - | - | - | - | - | - | - | - | - |
| Income Before Tax | $21.30M | $-8.00M | $37.40M | $35.20M | $47.80M | $-5.90M | $39.50M | $-8.40M | $58.30M | $600.00K | $16.00M | $9.60M | $27.60M | $-7.90M |
| Income Tax Expense | $3.50M | $-11.90M | $8.50M | $8.00M | $-5.90M | $-900.00K | $8.90M | $-2.30M | $2.00M | $-7.60M | $3.30M | $2.40M | $6.30M | $-1.80M |
| Net Income | $17.80M | $3.90M | $28.90M | $27.20M | $53.70M | $-5.00M | $30.60M | $-6.10M | $56.30M | $8.20M | $12.70M | $7.20M | $21.30M | $-6.10M |
| Net Margin % | 12.2% | 5.2% | 18.7% | 37.2% | 35.4% | -8.7% | 16.2% | -14.0% | 54.3% | 16.0% | 12.9% | 10.8% | 16.9% | -18.4% |
| Basic EPS | 0.93 | 0.21 | 1.63 | 1.60 | 3.28 | -0.30 | 1.89 | -0.38 | 3.69 | 0.53 | 0.84 | 0.49 | 1.35 | -0.42 |
| Diluted EPS | 0.74 | 0.19 | 1.59 | 1.60 | 3.27 | -0.30 | 1.89 | -0.38 | 3.62 | 0.52 | 0.83 | 0.47 | 1.32 | -0.42 |
| Basic Shares Outstanding | - | 18.3M | 17.7M | 17.0M | 137K | 16.4M | 16.2M | 15.9M | 85K | 15.4M | 15.2M | 14.8M | 15K | 14.6M |
| Diluted Shares Outstanding | - | 20.7M | 18.1M | 17.0M | 137K | 16.4M | 16.2M | 15.9M | 86K | 15.6M | 15.4M | 15.2M | 14K | 14.6M |
| Breakdown | Q4 2025 (Dec 31, 2025) |
Q3 2025 (Sep 30, 2025) |
Q2 2025 (Jun 30, 2025) |
Q1 2025 (Mar 31, 2025) |
Q4 2024 (Dec 31, 2024) |
Q3 2024 (Sep 30, 2024) |
Q2 2024 (Jun 30, 2024) |
Q1 2024 (Mar 31, 2024) |
Q4 2023 (Dec 31, 2023) |
Q3 2023 (Sep 30, 2023) |
Q2 2023 (Jun 30, 2023) |
Q1 2023 (Mar 31, 2023) |
Q4 2022 (Dec 31, 2022) |
Q3 2022 (Sep 30, 2022) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Cash Equivalents | $1.96B | $1.63B | $833.00M | $653.00M | $671.40M | $194.30M | $227.00M | $209.30M | $201.20M | $183.30M | $212.50M | $188.80M | $179.90M | $131.70M |
| Accounts Receivable | $30.70M | $60.70M | $31.30M | $38.70M | $80.00M | $19.10M | $34.50M | $19.90M | $49.40M | $9.40M | $9.00M | $34.10M | $38.10M | $7.40M |
| Inventory | $322.90M | $416.30M | $320.50M | $429.60M | $161.60M | $190.70M | $195.30M | $279.20M | $306.40M | $210.80M | $288.60M | $209.40M | $209.20M | $209.30M |
| Other Current Assets | $11.90M | $8.10M | $18.10M | $37.50M | $38.30M | $37.90M | $40.90M | $30.50M | $10.80M | $12.40M | $9.00M | $9.00M | $24.20M | $25.20M |
| Total Current Assets | $2.36B | $2.16B | $1.25B | $1.22B | $1.02B | $516.90M | $592.50M | $656.50M | $685.40M | $531.90M | $656.10M | $577.00M | $587.10M | $508.90M |
| Property Plant & Equipment | $29.50M | $20.50M | $14.90M | $11.20M | $9.40M | $8.90M | $8.70M | $7.60M | $7.00M | $6.10M | $5.70M | $5.40M | $5.50M | $5.40M |
| Intangible Assets | $21.20M | $23.70M | $24.80M | $28.50M | $29.60M | $32.20M | $34.60M | $38.30M | $39.40M | $41.50M | $42.90M | $44.60M | $45.70M | $48.50M |
| Other Non-current Assets | $7.00M | $7.70M | $8.00M | $7.00M | $7.30M | $7.40M | $7.60M | $3.30M | $3.50M | $3.80M | $3.50M | $5.10M | $8.10M | $1.70M |
| Total Assets | $2.45B | $2.24B | $1.31B | $1.29B | $1.09B | $591.00M | $668.20M | $750.00M | $796.20M | $644.70M | $762.00M | $689.00M | $705.50M | $618.20M |
| Short-term Debt | - | - | - | - | $6.10M | $6.10M | $6.10M | $6.10M | $6.10M | $6.10M | $6.10M | $6.10M | $6.10M | $6.10M |
| Deferred Revenue | $131.10M | $154.80M | $154.80M | $216.50M | $216.40M | $222.60M | $257.40M | $283.00M | $282.60M | $272.70M | $295.30M | $273.30M | $273.20M | $264.90M |
| Total Current Liabilities | $422.80M | $626.20M | $482.20M | $577.80M | $346.80M | $316.90M | $389.50M | $455.20M | $471.10M | $337.30M | $458.90M | $384.60M | $449.20M | $397.90M |
| Long-term Debt | $1.17B | $1.17B | $390.00M | $389.50M | $472.50M | $83.50M | $86.50M | $86.50M | $89.60M | $89.60M | $92.60M | $92.60M | $95.70M | $95.70M |
| Other Non-current Liabilities | $8.00M | $8.30M | $8.70M | $8.00M | $7.90M | $7.40M | $8.00M | $8.30M | $8.80M | $8.60M | $9.00M | $9.30M | $11.70M | $7.70M |
| Total Liabilities | $1.68B | $1.88B | $955.70M | $1.08B | $932.00M | $514.60M | $591.60M | $716.20M | $763.90M | $668.70M | $794.50M | $733.50M | $779.60M | $718.50M |
| Retained Earnings | $1.50M | $-16.30M | $-20.20M | $-49.10M | $-76.30M | $-130.00M | $-125.00M | $-155.60M | $-149.50M | $-205.80M | $-214.00M | $-226.70M | $-233.90M | $-253.70M |
| Total Stockholders Equity | $765.10M | $363.10M | $359.10M | $213.90M | $161.40M | $76.40M | $76.60M | $33.80M | $32.30M | $-24.00M | $-32.50M | $-44.50M | $-74.10M | $-100.30M |
| Total Liabilities & Equity | $2.45B | $2.24B | $1.31B | $1.29B | $1.09B | $591.00M | $668.20M | $750.00M | $796.20M | $644.70M | $762.00M | $689.00M | $705.50M | $618.20M |
| Breakdown | Q4 2025 (Dec 31, 2025) |
Q3 2025 (Sep 30, 2025) |
Q2 2025 (Jun 30, 2025) |
Q1 2025 (Mar 31, 2025) |
Q4 2024 (Dec 31, 2024) |
Q3 2024 (Sep 30, 2024) |
Q2 2024 (Jun 30, 2024) |
Q1 2024 (Mar 31, 2024) |
Q4 2023 (Dec 31, 2023) |
Q3 2023 (Sep 30, 2023) |
Q2 2023 (Jun 30, 2023) |
Q1 2023 (Mar 31, 2023) |
Q4 2022 (Dec 31, 2022) |
Q3 2022 (Sep 30, 2022) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $17.80M | $3.90M | $56.10M | $27.20M | $53.70M | $19.50M | $24.50M | $-6.10M | $56.30M | $28.10M | $12.70M | $7.20M | $21.30M | $-6.10M |
| Depreciation & Amortization | $3.00M | $6.90M | $5.40M | $1.50M | $2.90M | $7.90M | $5.20M | $1.30M | $2.30M | $4.80M | $3.20M | $1.30M | $2.90M | $6.70M |
| Change in Receivables | $-30.00M | $-19.20M | $-48.60M | $-41.30M | $60.80M | $-30.30M | $-14.90M | $-29.50M | $40.00M | $-28.70M | $-29.20M | $-5.30M | $30.80M | $-21.80M |
| Change in Inventory | $-87.20M | $317.20M | $221.50M | $268.10M | $-15.60M | $-85.40M | $-80.80M | $-27.20M | $106.80M | $-23.00M | $54.80M | $-22.30M | $-10.40M | $98.90M |
| Operating Cash Flow | $-48.40M | $99.40M | $89.30M | $36.50M | $57.90M | $-20.90M | $12.30M | $5.30M | $17.90M | $-8.80M | $15.20M | $-9.70M | $55.70M | $-35.10M |
| Capital Expenditure | $9.60M | $10.10M | $5.70M | $2.10M | $700.00K | $3.40M | $2.40M | $1.50M | $500.00K | $1.10M | $700.00K | $300.00K | $100.00K | $600.00K |
| Investing Cash Flow | $-9.60M | $-10.10M | $-5.70M | $-2.10M | $-700.00K | $-3.40M | $-2.40M | $-1.50M | $-500.00K | $-1.10M | $-700.00K | $-300.00K | $-100.00K | $-600.00K |
| Debt Repayment | - | $3.50M | $3.50M | $3.50M | - | $6.10M | $3.10M | $3.10M | - | $6.10M | $3.10M | $3.10M | - | $6.10M |
| Stock Issued | $384.00M | $139.70M | $139.90M | $25.20M | $31.30M | $23.40M | $19.00M | $7.10M | - | $23.20M | $23.20M | $22.00M | $3.60M | - |
| Financing Cash Flow | $383.50M | $841.40M | $59.60M | $-52.60M | $419.70M | $17.40M | $16.00M | $4.40M | - | $13.90M | $18.10M | $18.90M | $3.80M | $-8.10M |
| Net Change in Cash | $325.50M | $930.60M | $143.00M | $-18.30M | $477.10M | $-6.90M | $25.80M | $8.10M | $18.00M | $3.40M | $32.60M | $8.90M | $59.40M | $-43.80M |
SEC Filing Format - Data shown as it appears in the Q3 2025 (10-Q) filing
Period ended: Sep 30, 2025
Condensed Consolidated Statements of Operations
| Description | Sep 30, 2025 | Sep 30, 2025 | ||
|---|---|---|---|---|
| Current | Prior Year | Current YTD | Prior Year YTD | |
| Total Revenue | $74.90M | - | $302.50M | - |
| Cost of Revenue | $79.20M | - | $220.00M | - |
| Gross Profit | $-4.30M | - | $82.50M | - |
| Research & Development | $1.70M | - | $8.00M | - |
| Selling General & Admin | $8.90M | - | $25.90M | - |
| Operating Income | $-16.60M | - | $37.40M | - |
| Interest Expense | $3.40M | - | $9.90M | - |
| Interest Income | $12.90M | - | $28.20M | - |
| Other Income/Expense | $100.00K | - | - | - |
| Income Before Tax | $-8.00M | - | $64.60M | - |
| Income Tax Expense | $-11.90M | - | $4.60M | - |
| Net Income | $3.90M | $30.60M | $60.00M | - |
| Basic EPS | 0.21 | - | 3.40 | - |
| Diluted EPS | 0.19 | - | 3.16 | - |
| Basic Shares Outstanding | $18.32M | - | $17.67M | - |
| Diluted Shares Outstanding | $20.68M | - | $18.96M | - |
Condensed Consolidated Balance Sheets
| Description | Sep 30, 2025 | Dec 31, 2024 |
|---|---|---|
| Cash & Cash Equivalents | $1.63B | $671.40M |
| Accounts Receivable | $60.70M | $80.00M |
| Inventory | $416.30M | $161.60M |
| Other Current Assets | $8.10M | $38.30M |
| Total Current Assets | $2.16B | $1.02B |
| Property Plant & Equipment | $20.50M | $9.40M |
| Intangible Assets | $23.70M | $29.60M |
| Other Non-current Assets | $7.70M | $7.30M |
| Total Assets | $2.24B | $1.09B |
| Short-term Debt | - | $6.10M |
| Deferred Revenue | $154.80M | $216.40M |
| Total Current Liabilities | $626.20M | $346.80M |
| Long-term Debt | $1.17B | $472.50M |
| Other Non-current Liabilities | $8.30M | $7.90M |
| Total Liabilities | $1.88B | $932.00M |
| Retained Earnings | $-16.30M | $-76.30M |
| Total Stockholders Equity | $363.10M | $161.40M |
| Total Liabilities & Equity | $2.24B | $1.09B |
Condensed Consolidated Statements of Cash Flows
| Description | Sep 30, 2025 | Sep 30, 2025 | ||
|---|---|---|---|---|
| Current | Prior Year | Current YTD | Prior Year YTD | |
| Net Income | $3.90M | $30.60M | $60.00M | - |
| Depreciation & Amortization | - | - | $6.90M | - |
| Change in Receivables | - | - | $-19.20M | - |
| Change in Inventory | - | - | $317.20M | - |
| Operating Cash Flow | - | - | $99.40M | - |
| Capital Expenditure | - | - | $10.10M | - |
| Investing Cash Flow | - | - | $-10.10M | - |
| Debt Repayment | - | - | $3.50M | - |
| Stock Issued | - | - | $139.70M | - |
| Financing Cash Flow | - | - | $841.40M | - |
| Net Change in Cash | - | - | $930.60M | - |
All values are in USD (United States Dollars). Data is sourced from SEC EDGAR 10-Q filings.
Quarterly data represents single quarter results (Q1-Q4). Some items may show year-to-date values if quarterly breakdown is unavailable.