$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) |
|---|---|---|---|---|---|---|---|
| Total Revenue | $146.20M | $74.90M | $154.50M | $73.10M | $151.60M | $57.70M | $189.00M |
| Revenue Growth % (YoY) | -3.6% | 29.8% | -18.3% | nan% | nan% | nan% | nan% |
| Cost of Revenue | $111.20M | $79.20M | $100.60M | $40.20M | $89.80M | $48.80M | $152.50M |
| Gross Profit | $35.00M | $-4.30M | $53.90M | $32.90M | $61.80M | $8.90M | $36.50M |
| Gross Margin % | 23.9% | -5.7% | 34.9% | 45.0% | 40.8% | 15.4% | 19.3% |
| Research & Development | $8.90M | $1.70M | $3.30M | $3.00M | $3.30M | $4.10M | $4.10M |
| Selling General & Admin | $10.30M | $8.90M | $9.20M | $8.30M | $10.50M | $10.00M | $7.60M |
| Operating Income | $12.80M | $-16.60M | $33.50M | $20.50M | $45.10M | $-7.60M | $21.10M |
| Operating Margin % | 8.8% | -22.2% | 21.7% | 28.0% | 29.7% | -13.2% | 11.2% |
| Interest Expense | $2.60M | $3.40M | $3.10M | $3.40M | $1.90M | $100.00K | $300.00K |
| Interest Income | $16.50M | $12.90M | $8.00M | $7.30M | $5.10M | $2.60M | $2.40M |
| Other Income/Expense | - | $100.00K | - | $-100.00K | - | - | - |
| Income Before Tax | $21.30M | $-8.00M | $37.40M | $35.20M | $47.80M | $-5.90M | $39.50M |
| Income Tax Expense | $3.50M | $-11.90M | $8.50M | $8.00M | $-5.90M | $-900.00K | $8.90M |
| Net Income | $17.80M | $3.90M | $28.90M | $27.20M | $53.70M | $-5.00M | $30.60M |
| Net Margin % | 12.2% | 5.2% | 18.7% | 37.2% | 35.4% | -8.7% | 16.2% |
| Basic EPS | 0.93 | 0.21 | 1.63 | 1.60 | 3.28 | -0.30 | 1.89 |
| Diluted EPS | 0.74 | 0.19 | 1.59 | 1.60 | 3.27 | -0.30 | 1.89 |
| Basic Shares Outstanding | - | 18.3M | 17.7M | 17.0M | 137K | 16.4M | 16.2M |
| Diluted Shares Outstanding | - | 20.7M | 18.1M | 17.0M | 137K | 16.4M | 16.2M |
| 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) |
|---|---|---|---|---|---|---|---|
| Cash & Cash Equivalents | $1.96B | $1.63B | $833.00M | $653.00M | $671.40M | $194.30M | $227.00M |
| Accounts Receivable | $30.70M | $60.70M | $31.30M | $38.70M | $80.00M | $19.10M | $34.50M |
| Inventory | $322.90M | $416.30M | $320.50M | $429.60M | $161.60M | $190.70M | $195.30M |
| Other Current Assets | $11.90M | $8.10M | $18.10M | $37.50M | $38.30M | $37.90M | $40.90M |
| Total Current Assets | $2.36B | $2.16B | $1.25B | $1.22B | $1.02B | $516.90M | $592.50M |
| Property Plant & Equipment | $29.50M | $20.50M | $14.90M | $11.20M | $9.40M | $8.90M | $8.70M |
| Intangible Assets | $21.20M | $23.70M | $24.80M | $28.50M | $29.60M | $32.20M | $34.60M |
| Other Non-current Assets | $7.00M | $7.70M | $8.00M | $7.00M | $7.30M | $7.40M | $7.60M |
| Total Assets | $2.45B | $2.24B | $1.31B | $1.29B | $1.09B | $591.00M | $668.20M |
| Short-term Debt | - | - | - | - | $6.10M | $6.10M | $6.10M |
| Deferred Revenue | $131.10M | $154.80M | $154.80M | $216.50M | $216.40M | $222.60M | $257.40M |
| Total Current Liabilities | $422.80M | $626.20M | $482.20M | $577.80M | $346.80M | $316.90M | $389.50M |
| Long-term Debt | $1.17B | $1.17B | $390.00M | $389.50M | $472.50M | $83.50M | $86.50M |
| Other Non-current Liabilities | $8.00M | $8.30M | $8.70M | $8.00M | $7.90M | $7.40M | $8.00M |
| Total Liabilities | $1.68B | $1.88B | $955.70M | $1.08B | $932.00M | $514.60M | $591.60M |
| Retained Earnings | $1.50M | $-16.30M | $-20.20M | $-49.10M | $-76.30M | $-130.00M | $-125.00M |
| Total Stockholders Equity | $765.10M | $363.10M | $359.10M | $213.90M | $161.40M | $76.40M | $76.60M |
| Total Liabilities & Equity | $2.45B | $2.24B | $1.31B | $1.29B | $1.09B | $591.00M | $668.20M |
| 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) |
|---|---|---|---|---|---|---|---|
| Net Income | $17.80M | $3.90M | $56.10M | $27.20M | $53.70M | $19.50M | $24.50M |
| Depreciation & Amortization | $3.00M | $6.90M | $5.40M | $1.50M | $2.90M | $7.90M | $5.20M |
| Change in Receivables | $-30.00M | $-19.20M | $-48.60M | $-41.30M | $60.80M | $-30.30M | $-14.90M |
| Change in Inventory | $-87.20M | $317.20M | $221.50M | $268.10M | $-15.60M | $-85.40M | $-80.80M |
| Operating Cash Flow | $-48.40M | $99.40M | $89.30M | $36.50M | $57.90M | $-20.90M | $12.30M |
| Capital Expenditure | $9.60M | $10.10M | $5.70M | $2.10M | $700.00K | $3.40M | $2.40M |
| Investing Cash Flow | $-9.60M | $-10.10M | $-5.70M | $-2.10M | $-700.00K | $-3.40M | $-2.40M |
| Debt Repayment | - | $3.50M | $3.50M | $3.50M | - | $6.10M | $3.10M |
| Stock Issued | $384.00M | $139.70M | $139.90M | $25.20M | $31.30M | $23.40M | $19.00M |
| Financing Cash Flow | $383.50M | $841.40M | $59.60M | $-52.60M | $419.70M | $17.40M | $16.00M |
| Net Change in Cash | $325.50M | $930.60M | $143.00M | $-18.30M | $477.10M | $-6.90M | $25.80M |
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.