$1.35B
Revenue
$22.00M
Net Income
22.86%
Gross Margin
1.90%
Op. Margin
$-273.20M
Free Cash Flow
| Breakdown | TTM (Dec 28, 2025) |
FY 2025 (Dec 28, 2025) |
FY 2024 (Dec 31, 2024) |
FY 2023 (Dec 31, 2023) |
FY 2022 (Dec 31, 2022) |
FY 2021 (Dec 31, 2021) |
|---|---|---|---|---|---|---|
| Total Revenue | $1.35B | $1.35B | $1.14B | $1.04B | $898.30M | $811.50M |
| Revenue Growth % | 0.0% | 18.5% | 9.6% | 15.5% | 10.7% | nan% |
| Cost of Revenue | $1.04B | $1.04B | $849.10M | $768.50M | $672.30M | $586.40M |
| Gross Profit | $307.90M | $307.90M | $287.20M | $268.60M | $226.00M | $225.10M |
| Gross Margin % | 22.9% | 22.9% | 25.3% | 25.9% | 25.2% | 27.7% |
| Research & Development | $40.00M | $40.00M | $40.30M | $38.40M | $38.60M | $35.20M |
| Selling General & Admin | $240.20M | $240.20M | $214.00M | $197.80M | $182.50M | $160.20M |
| Operating Income | $25.60M | $25.60M | $29.00M | $31.10M | $-2.60M | $27.90M |
| Operating Margin % | 1.9% | 1.9% | 2.6% | 3.0% | -0.3% | 3.4% |
| Interest Expense | - | $9.60M | $14.60M | $21.70M | $13.70M | $19.90M |
| Other Income/Expense | $2.50M | $2.50M | $500.00K | $500.00K | $600.00K | $-100.00K |
| Income Before Tax | $34.00M | $34.00M | $26.50M | $11.10M | $-32.70M | $4.40M |
| Income Tax Expense | $12.00M | $12.00M | $10.20M | $8.90M | $1.40M | $3.90M |
| Net Income | $22.00M | $22.00M | $16.30M | $-8.90M | $-36.90M | $-2.00M |
| Net Margin % | 1.6% | 1.6% | 1.4% | -0.9% | -4.1% | -0.2% |
| Basic EPS | 0.14 | 0.14 | 0.11 | -0.07 | -0.29 | -0.02 |
| Diluted EPS | 0.13 | 0.13 | 0.11 | -0.07 | -0.29 | -0.02 |
| Basic Shares Outstanding | - | 162.7M | 149.0M | 130.4M | 126.7M | 124.6M |
| Diluted Shares Outstanding | - | 165.2M | 150.9M | 130.4M | 126.7M | 128.0M |
| Breakdown | FY 2025 (Dec 28, 2025) |
FY 2024 (Dec 31, 2024) |
FY 2023 (Dec 31, 2023) |
FY 2022 (Dec 31, 2022) |
FY 2021 (Dec 31, 2021) |
|---|---|---|---|---|---|
| Cash & Cash Equivalents | $560.60M | $329.30M | $72.80M | $81.30M | $349.40M |
| Accounts Receivable | $165.00M | $117.50M | $128.80M | $105.70M | $93.90M |
| Other Current Assets | $43.80M | $38.90M | $20.00M | $35.40M | $22.50M |
| Total Current Assets | $1.26B | $872.10M | $594.20M | $582.60M | $758.10M |
| Goodwill | $595.70M | $568.90M | $569.10M | $558.20M | $493.90M |
| Intangible Assets | $53.90M | $53.80M | $62.40M | $55.20M | $43.20M |
| Other Non-current Assets | $144.40M | $130.30M | $117.50M | $95.00M | $87.50M |
| Total Assets | $2.47B | $1.95B | $1.63B | $1.55B | $1.59B |
| Accounts Payable | $69.60M | $82.00M | $63.10M | $57.30M | $50.40M |
| Accrued Liabilities | $60.50M | $38.80M | $35.40M | $33.80M | $27.20M |
| Deferred Revenue | $73.40M | $76.30M | $101.80M | - | $58.10M |
| Other Current Liabilities | $9.00M | $14.50M | $12.80M | $15.60M | $25.70M |
| Total Current Liabilities | $311.00M | $296.70M | $292.50M | $234.20M | $221.10M |
| Long-term Debt | - | $174.60M | $219.30M | $250.20M | $296.70M |
| Other Non-current Liabilities | $30.30M | $32.20M | $83.30M | $77.40M | $76.20M |
| Total Liabilities | $470.90M | $597.70M | $634.00M | $604.00M | $629.20M |
| Common Stock | $200.00K | $200.00K | - | - | - |
| Retained Earnings | $-641.90M | $-663.90M | $-680.20M | $-671.30M | $-634.40M |
| Total Stockholders Equity | $2.00B | $1.35B | $976.00M | $936.30M | $945.10M |
| Total Liabilities & Equity | $2.47B | $1.95B | $1.63B | $1.55B | $1.59B |
| Breakdown | TTM (Dec 28, 2025) |
FY 2025 (Dec 28, 2025) |
FY 2024 (Dec 31, 2024) |
FY 2023 (Dec 31, 2023) |
FY 2022 (Dec 31, 2022) |
FY 2021 (Dec 31, 2021) |
|---|---|---|---|---|---|---|
| Net Income | $22.00M | $22.00M | $16.30M | $-8.90M | $-36.90M | $-2.00M |
| Depreciation & Amortization | $47.10M | $47.10M | $40.30M | $33.20M | $30.50M | $25.70M |
| Stock-based Compensation | $61.50M | $35.50M | $29.80M | $25.30M | $26.30M | $25.80M |
| Deferred Income Tax | - | $8.10M | $4.40M | $2.50M | $-3.10M | $-400.00K |
| Change in Receivables | $66.90M | $44.60M | $-11.20M | $13.10M | $4.90M | $-2.60M |
| Change in Inventory | $32.00M | $19.30M | $5.00M | $29.60M | $23.80M | $5.30M |
| Change in Payables | $4.50M | $-13.70M | $15.10M | $4.40M | $4.50M | $-5.30M |
| Operating Cash Flow | $-112.20M | $-42.10M | $49.70M | $65.20M | $-25.70M | - |
| Capital Expenditure | $161.00M | $95.30M | $58.20M | $52.40M | $45.40M | $46.50M |
| Acquisitions | - | - | $11.50M | $-300.00K | $132.20M | $12.30M |
| Investing Cash Flow | $-154.00M | $-88.30M | $-69.70M | $-43.80M | $-177.40M | $-52.10M |
| Stock Issued | $1.11B | $555.90M | $330.70M | - | - | - |
| Financing Cash Flow | $882.50M | $360.70M | $277.60M | $-30.70M | $-63.30M | $-9.30M |
| Net Change in Cash | $620.00M | $231.30M | $256.50M | $-8.50M | $-268.10M | $-32.10M |
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 | $347.60M | $275.90M | $1.00B | $853.20M |
| Cost of Revenue | $270.50M | $206.70M | $777.20M | $635.80M |
| Gross Profit | $77.10M | $69.20M | $224.50M | $217.40M |
| Research & Development | $10.00M | $9.90M | $30.20M | $29.70M |
| Selling General & Admin | $59.80M | $52.60M | $176.70M | $161.50M |
| Operating Income | $7.10M | $6.50M | $17.40M | $26.00M |
| Other Income/Expense | $200.00K | $-700.00K | $2.00M | $-800.00K |
| Income Before Tax | $11.90M | $5.80M | $21.90M | $22.50M |
| Income Tax Expense | $3.20M | $2.60M | $5.80M | $10.10M |
| Net Income | $8.70M | $3.20M | $16.10M | $12.40M |
| Basic EPS | 0.05 | 0.02 | 0.10 | 0.08 |
| Diluted EPS | 0.05 | 0.02 | 0.10 | 0.08 |
| Basic Shares Outstanding | $170.50M | $152.60M | $160.10M | $147.80M |
| Diluted Shares Outstanding | $172.90M | $154.10M | $162.30M | $147.80M |
Condensed Consolidated Balance Sheets
| Description | Sep 30, 2025 | Dec 31, 2024 |
|---|---|---|
| Cash & Cash Equivalents | $565.90M | $329.30M |
| Accounts Receivable | $136.30M | $117.50M |
| Other Current Assets | $52.90M | $38.90M |
| Total Current Assets | $1.24B | $872.10M |
| Goodwill | $595.00M | $568.90M |
| Intangible Assets | $57.20M | $53.80M |
| Other Non-current Assets | $149.60M | $130.30M |
| Total Assets | $2.42B | $1.95B |
| Accounts Payable | $66.20M | $82.00M |
| Accrued Liabilities | $66.80M | $38.80M |
| Deferred Revenue | $64.20M | $76.30M |
| Other Current Liabilities | $6.50M | $14.50M |
| Total Current Liabilities | $287.40M | $296.70M |
| Long-term Debt | - | $174.60M |
| Other Non-current Liabilities | $35.10M | $32.20M |
| Total Liabilities | $441.80M | $597.70M |
| Common Stock | $200.00K | $200.00K |
| Retained Earnings | $-647.80M | $-663.90M |
| Total Stockholders Equity | $1.98B | $1.35B |
| Total Liabilities & Equity | $2.42B | $1.95B |
Condensed Consolidated Statements of Cash Flows
| Description | Sep 30, 2025 | Sep 30, 2025 | ||
|---|---|---|---|---|
| Current | Prior Year | Current YTD | Prior Year YTD | |
| Net Income | $8.70M | $3.20M | $16.10M | $12.40M |
| Depreciation & Amortization | $11.90M | $10.30M | $34.10M | $30.00M |
| Stock-based Compensation | - | - | $26.40M | $23.00M |
| Deferred Income Tax | - | - | $-100.00K | $100.00K |
| Change in Receivables | - | - | $16.50M | $-16.20M |
| Change in Inventory | - | - | $-900.00K | $2.00M |
| Change in Payables | - | - | $-14.30M | $-3.40M |
| Operating Cash Flow | - | - | $-54.20M | $4.10M |
| Capital Expenditure | - | - | $71.10M | $44.60M |
| Acquisitions | - | - | - | $11.50M |
| Investing Cash Flow | - | - | $-71.10M | $-56.10M |
| Stock Issued | - | - | $555.90M | $330.70M |
| Financing Cash Flow | - | - | $360.20M | $280.60M |
| Net Change in Cash | - | - | $236.60M | $228.70M |
All values are in USD (United States Dollars). Data is sourced from SEC EDGAR 10-K filings.
Annual data represents full fiscal year results. FY = Fiscal Year ending.