$219.02M
Revenue
$-640.00K
Net Income
72.32%
Gross Margin
2.67%
Op. Margin
$-21.27M
Free Cash Flow
| Breakdown | TTM (Dec 31, 2025) |
FY 2025 (Dec 31, 2025) |
FY 2024 (Dec 31, 2024) |
FY 2023 (Dec 31, 2023) |
FY 2022 (Dec 31, 2022) |
FY 2021 (Dec 31, 2021) |
|---|---|---|---|---|---|---|
| Total Revenue | $219.02M | $219.02M | $179.47M | $165.84M | $148.55M | $111.06M |
| Revenue Growth % | 0.0% | 22.0% | 8.2% | 11.6% | 33.8% | nan% |
| Cost of Revenue | $60.62M | $60.62M | $54.14M | $51.75M | $47.91M | $44.19M |
| Gross Profit | $158.40M | $158.40M | $125.32M | $114.09M | - | - |
| Gross Margin % | 72.3% | 72.3% | 69.8% | 68.8% | nan% | nan% |
| Research & Development | $64.23M | $64.23M | $53.57M | $50.74M | $56.13M | $43.78M |
| Selling General & Admin | $84.74M | $84.74M | $69.92M | $62.22M | $45.34M | $37.65M |
| Operating Income | $5.85M | $5.85M | $935.00K | $-151.00K | - | - |
| Operating Margin % | 2.7% | 2.7% | 0.5% | -0.1% | nan% | nan% |
| Interest Expense | $5.49M | $3.72M | - | - | - | - |
| Interest Income | - | $1.50M | $5.60M | $5.50M | $2.56M | $683.00K |
| Other Income/Expense | $1.31M | $1.31M | $5.64M | $5.02M | - | $683.00K |
| Income Before Tax | $3.20M | $3.20M | $6.58M | $4.87M | $470.00K | $-18.32M |
| Income Tax Expense | $3.84M | $3.84M | $2.52M | $1.76M | $3.90M | $3.17M |
| Net Income | $-640.00K | $-640.00K | $4.06M | $3.10M | $-3.43M | $-21.49M |
| Net Margin % | -0.3% | -0.3% | 2.3% | 1.9% | -2.3% | -19.3% |
| Basic EPS | -0.02 | -0.02 | 0.11 | 0.08 | -0.09 | -0.58 |
| Diluted EPS | -0.02 | -0.02 | 0.10 | 0.08 | -0.09 | -0.58 |
| Basic Shares Outstanding | - | 39.3M | 38.6M | 38.0M | 37.3M | 37.1M |
| Diluted Shares Outstanding | - | 39.3M | 39.0M | 38.9M | 37.3M | 37.1M |
| Breakdown | FY 2025 (Dec 31, 2025) |
FY 2024 (Dec 31, 2024) |
FY 2023 (Dec 31, 2023) |
FY 2022 (Dec 31, 2022) |
FY 2021 (Dec 31, 2021) |
|---|---|---|---|---|---|
| Cash & Cash Equivalents | $42.22M | $90.59M | $98.98M | $119.62M | $27.68M |
| Short-term Investments | - | $24.29M | $36.54M | $19.56M | $112.54M |
| Accounts Receivable | $82.94M | $73.65M | $44.90M | $42.16M | $40.09M |
| Other Current Assets | $4.14M | $942.00K | $17.42M | $12.06M | $8.19M |
| Total Current Assets | $163.89M | $205.98M | $197.85M | $193.41M | $188.51M |
| Property Plant & Equipment | $81.61M | $48.47M | $37.34M | $40.17M | $35.30M |
| Goodwill | $95.00M | $14.95M | $15.03M | $14.12M | $14.12M |
| Intangible Assets | $52.19M | $12.31M | $15.62M | $18.05M | $21.24M |
| Other Non-current Assets | $21.15M | $29.51M | $19.22M | $6.84M | $9.12M |
| Total Assets | $418.70M | $315.29M | $290.14M | $278.67M | $273.77M |
| Accounts Payable | $17.08M | $8.26M | $2.56M | $6.39M | $5.55M |
| Accrued Liabilities | $7.06M | $7.16M | $4.63M | $5.58M | $3.33M |
| Deferred Revenue | $19.44M | $24.93M | $25.75M | $26.02M | $23.69M |
| Total Current Liabilities | $71.89M | $60.54M | $50.84M | $58.20M | $43.83M |
| Long-term Debt | $67.00M | - | - | - | - |
| Other Non-current Liabilities | $2.91M | $2.29M | $2.72M | $1.91M | $2.44M |
| Total Liabilities | $147.68M | $69.25M | $61.19M | $68.66M | $54.18M |
| Common Stock | $6.00K | $6.00K | $6.00K | $6.00K | $6.00K |
| Retained Earnings | $-94.63M | $-93.99M | $-98.05M | $-101.15M | $-97.72M |
| Treasury Stock | - | $159.35M | $143.92M | $133.71M | $104.70M |
| Total Stockholders Equity | $271.02M | $246.04M | $228.95M | $210.01M | $219.59M |
| Total Liabilities & Equity | $418.70M | $315.29M | $290.14M | $278.67M | $273.77M |
| Breakdown | TTM (Dec 31, 2025) |
FY 2025 (Dec 31, 2025) |
FY 2024 (Dec 31, 2024) |
FY 2023 (Dec 31, 2023) |
FY 2022 (Dec 31, 2022) |
FY 2021 (Dec 31, 2021) |
|---|---|---|---|---|---|---|
| Net Income | $-640.00K | $-640.00K | $4.06M | $3.10M | $-3.43M | $-21.49M |
| Depreciation & Amortization | $6.26M | $4.08M | $3.63M | $4.99M | $5.53M | $6.22M |
| Stock-based Compensation | $45.32M | $25.93M | $25.05M | $21.48M | $19.65M | $12.93M |
| Deferred Income Tax | $-728.00K | $882.00K | $47.00K | $-105.00K | $-4.00K | $1.37M |
| Change in Receivables | $-14.10M | $6.34M | $28.80M | $2.75M | $2.14M | $5.98M |
| Change in Payables | $4.69M | $4.88M | $2.79M | $-2.15M | $-1.42M | $-86.00K |
| Operating Cash Flow | $36.12M | $24.05M | $9.70M | $14.60M | $32.30M | $4.24M |
| Capital Expenditure | $57.39M | $32.63M | $17.16M | $11.24M | $8.41M | $3.67M |
| Acquisitions | $389.15M | $129.72M | - | $1.82M | - | $3.05M |
| Investing Cash Flow | $-385.47M | $-137.36M | $-5.94M | $-28.99M | $84.60M | $-4.67M |
| Debt Repayment | - | $1.88M | - | - | - | - |
| Stock Repurchased | - | $244.00K | $6.90M | $743.00K | $22.47M | $4.52M |
| Financing Cash Flow | $199.17M | $64.56M | $-11.23M | $-5.89M | $-24.31M | $-5.53M |
| Net Change in Cash | $-148.41M | $-48.37M | $-8.38M | $-20.65M | $91.94M | $-6.13M |
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 | $57.12M | - | $156.62M | - |
| Cost of Revenue | $15.84M | - | $43.68M | - |
| Research & Development | $15.44M | - | $44.98M | - |
| Selling General & Admin | $19.94M | - | $63.06M | - |
| Operating Income | $4.83M | - | $2.39M | - |
| Interest Expense | $1.24M | - | $2.62M | - |
| Other Income/Expense | $-102.00K | - | $964.00K | - |
| Income Before Tax | $3.49M | - | $562.00K | - |
| Income Tax Expense | $2.19M | - | $1.15M | - |
| Net Income | $1.29M | - | $-592.00K | - |
| Basic EPS | 0.03 | - | -0.02 | - |
| Diluted EPS | 0.03 | - | -0.02 | - |
| Basic Shares Outstanding | $39.50M | - | $39.25M | - |
| Diluted Shares Outstanding | $39.62M | - | $39.25M | - |
Condensed Consolidated Balance Sheets
| Description | Sep 30, 2025 | Dec 31, 2024 |
|---|---|---|
| Cash & Cash Equivalents | $35.88M | $90.59M |
| Short-term Investments | - | $24.29M |
| Accounts Receivable | $74.95M | $73.65M |
| Other Current Assets | $35.29M | $17.45M |
| Total Current Assets | $146.12M | $205.98M |
| Property Plant & Equipment | $71.92M | $48.47M |
| Goodwill | $96.78M | $14.95M |
| Intangible Assets | $54.25M | $12.31M |
| Other Non-current Assets | $31.97M | $29.51M |
| Total Assets | $406.40M | $315.29M |
| Accounts Payable | $14.65M | $8.26M |
| Deferred Revenue | $21.25M | $25.00M |
| Total Current Liabilities | $66.08M | $60.54M |
| Long-term Debt | $65.32M | - |
| Other Non-current Liabilities | $3.06M | $2.29M |
| Total Liabilities | $142.02M | $69.25M |
| Common Stock | $6.00K | $6.00K |
| Retained Earnings | $-94.58M | $-93.99M |
| Total Stockholders Equity | $264.38M | $246.04M |
| Total Liabilities & Equity | $406.40M | $315.29M |
Condensed Consolidated Statements of Cash Flows
| Description | Sep 30, 2025 | Sep 30, 2025 | ||
|---|---|---|---|---|
| Current | Prior Year | Current YTD | Prior Year YTD | |
| Net Income | $1.29M | - | $-592.00K | - |
| Depreciation & Amortization | - | - | $2.64M | - |
| Stock-based Compensation | - | - | $19.06M | - |
| Deferred Income Tax | - | - | $36.00K | - |
| Change in Receivables | - | - | $-1.74M | - |
| Change in Payables | - | - | $3.21M | - |
| Operating Cash Flow | - | - | $6.71M | - |
| Capital Expenditure | - | - | $22.84M | - |
| Acquisitions | - | - | $129.72M | - |
| Investing Cash Flow | - | - | $-127.57M | - |
| Debt Repayment | - | - | $1.25M | - |
| Stock Repurchased | - | - | $244.00K | - |
| Financing Cash Flow | - | - | $65.45M | - |
| Net Change in Cash | - | - | $-54.71M | - |
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.