$1.04B
Revenue
$-84.62M
Net Income
24.65%
Gross Margin
-6.41%
Op. Margin
$-154.30M
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 | $273.43M | $257.19M | $282.25M | $231.75M | $303.15M | $311.43M | $398.10M | $382.28M | $384.46M | $373.31M | $422.21M | $381.14M | $404.90M | $460.28M |
| Revenue Growth % (YoY) | -9.8% | -17.4% | -29.1% | -39.4% | -21.1% | -16.6% | -5.7% | 0.3% | -5.0% | -18.9% | nan% | nan% | nan% | nan% |
| Cost of Revenue | $206.17M | $192.02M | $215.28M | $173.62M | $233.49M | $245.45M | $317.94M | $307.92M | $324.50M | $303.35M | $327.84M | $291.43M | $315.34M | $352.81M |
| Gross Profit | $67.26M | $65.16M | $66.97M | $58.13M | $69.66M | $65.97M | $80.17M | $74.36M | $59.96M | $69.96M | $94.37M | $89.71M | $89.56M | $107.47M |
| Gross Margin % | 24.6% | 25.3% | 23.7% | 25.1% | 23.0% | 21.2% | 20.1% | 19.5% | 15.6% | 18.7% | 22.4% | 23.5% | 22.1% | 23.3% |
| Operating Expenses | $80.38M | $77.61M | $84.85M | $81.68M | $112.55M | $109.53M | $127.17M | $131.88M | $124.52M | $110.89M | $98.62M | $98.08M | $92.20M | $101.81M |
| Operating Income | $-13.12M | $-12.45M | $-17.88M | $-23.55M | $-42.89M | $-43.55M | $-47.00M | $-57.52M | $-64.56M | $-40.93M | $-4.25M | $-8.36M | $-2.65M | $5.66M |
| Operating Margin % | -4.8% | -4.8% | -6.3% | -10.2% | -14.1% | -14.0% | -11.8% | -15.0% | -16.8% | -11.0% | -1.0% | -2.2% | -0.7% | 1.2% |
| Other Income/Expense | $-9.86M | $6.98M | $-2.04M | $-16.93M | $-38.51M | $-18.84M | $2.23M | $-18.79M | $-33.23M | $-38.73M | $-80.67M | $-7.39M | $-15.45M | $-46.28M |
| Income Before Tax | $-20.76M | $-4.29M | $-19.03M | - | $-81.21M | - | - | - | - | - | - | $-13.19M | $-16.09M | $-39.65M |
| Income Tax Expense | $111.00K | $233.00K | $287.00K | $194.00K | $49.00K | $189.00K | $117.00K | $329.00K | $66.39M | $-13.41M | $-8.37M | $-2.89M | $-584.00K | $-2.65M |
| Net Income | $-20.88M | $-4.52M | $-19.31M | $-39.91M | $-81.26M | $-61.03M | $-42.58M | $-73.93M | $-160.99M | $-63.05M | $-73.49M | $-10.31M | $-15.51M | $-36.99M |
| Net Margin % | -7.6% | -1.8% | -6.8% | -17.2% | -26.8% | -19.6% | -10.7% | -19.3% | -41.9% | -16.9% | -17.4% | -2.7% | -3.8% | -8.0% |
| Basic EPS | -0.30 | -0.07 | -0.34 | -0.74 | -1.68 | -1.33 | -0.93 | -1.62 | -3.56 | -1.39 | -1.63 | -0.23 | -0.37 | -0.81 |
| Diluted EPS | -0.30 | -0.07 | -0.34 | -0.74 | -1.68 | -1.33 | -0.93 | -1.62 | -3.56 | -1.39 | -1.63 | -0.23 | -0.37 | -0.81 |
| Basic Shares Outstanding | - | 60.3M | 57.5M | 53.7M | 842K | 45.8M | 45.7M | 45.6M | 50K | 45.2M | 45.2M | 45.1M | 369K | 45.7M |
| Diluted Shares Outstanding | - | 60.3M | 57.5M | 53.7M | 842K | 45.8M | 45.7M | 45.6M | 50K | 45.2M | 45.2M | 45.1M | 369K | 45.7M |
| 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 | $175.29M | $167.37M | $120.55M | $114.58M | $159.17M | $140.37M | $186.17M | $256.32M | $302.61M | $325.44M | $342.89M | $374.71M | $371.26M | $427.53M |
| Accounts Receivable | $20.83M | $17.31M | $23.35M | $18.07M | $15.85M | $15.03M | $18.69M | $23.09M | $19.42M | $19.58M | $19.12M | $22.07M | $17.69M | $20.75M |
| Inventory | $5.16M | $7.21M | $8.41M | $24.59M | $11.55M | $11.06M | $12.10M | $12.90M | $13.04M | $11.52M | $6.31M | $6.24M | $6.53M | $6.07M |
| Other Current Assets | $1.49M | $12.87M | $16.57M | $12.32M | $1.88M | $15.50M | $15.07M | $12.96M | $14.86M | $19.16M | $20.37M | $18.01M | $18.83M | $20.75M |
| Total Current Assets | $240.12M | $231.80M | $195.85M | $196.46M | $227.51M | $183.08M | $232.21M | $305.44M | $350.07M | $375.73M | $388.88M | $421.25M | $414.51M | $475.30M |
| Property Plant & Equipment | $13.71M | $14.79M | $16.46M | $19.50M | $23.54M | $27.21M | $27.86M | $27.34M | $27.58M | $109.66M | $109.95M | $107.06M | $109.91M | $107.18M |
| Goodwill | $6.16M | $6.16M | $6.16M | $6.16M | $6.16M | $6.16M | $6.16M | $6.16M | $6.16M | $6.16M | $6.16M | $6.16M | $6.16M | $6.16M |
| Intangible Assets | $45.14M | $45.34M | $32.58M | $32.77M | $30.25M | $30.51M | $30.92M | $31.08M | $25.25M | $25.50M | $25.58M | - | $9.00K | - |
| Long-term Investments | $66.64M | $78.62M | $71.62M | $77.74M | $78.19M | $112.47M | $129.67M | $137.42M | $155.87M | $169.33M | $208.48M | $289.12M | $296.32M | $311.36M |
| Other Non-current Assets | $48.55M | $32.26M | $29.64M | $24.96M | $29.45M | $13.93M | $12.55M | $12.58M | $12.80M | $13.61M | $13.58M | $12.54M | $2.75M | $2.72M |
| Total Assets | $425.48M | $414.38M | $358.07M | $363.73M | $401.95M | $428.34M | $496.78M | $577.26M | $635.82M | $770.78M | $810.55M | $887.39M | $878.55M | $952.24M |
| Accounts Payable | $89.99M | $94.23M | $111.41M | $78.03M | $81.94M | $87.96M | $91.21M | $116.27M | $106.07M | $85.27M | $86.02M | $83.62M | $75.13M | $84.65M |
| Short-term Debt | - | $17.99M | $18.46M | $24.90M | - | - | - | - | - | - | - | - | - | - |
| Accrued Liabilities | $51.30M | $48.84M | $47.09M | $61.57M | $73.61M | $54.32M | $61.31M | $72.53M | $73.68M | $72.47M | $62.60M | $68.59M | $63.61M | $88.83M |
| Deferred Revenue | $34.43M | $35.82M | $37.66M | $40.81M | $43.09M | $44.95M | $47.81M | $54.67M | $49.60M | $47.45M | $43.38M | $47.12M | $44.48M | $51.05M |
| Other Current Liabilities | $15.50M | - | - | - | $24.87M | - | - | - | - | $1.14M | $2.03M | $2.91M | $3.51M | $3.47M |
| Total Current Liabilities | $192.15M | $197.79M | $215.44M | $206.15M | $224.86M | $189.04M | $203.04M | $245.88M | $232.40M | $209.39M | $197.13M | $206.12M | $191.14M | $233.29M |
| Long-term Debt | - | - | - | - | - | - | - | - | - | $34.23M | $34.22M | $34.21M | $34.48M | $35.37M |
| Other Non-current Liabilities | $9.74M | $7.77M | $5.33M | $7.92M | $7.91M | $8.52M | $8.74M | $8.85M | $9.11M | $9.36M | $3.71M | $3.58M | $3.48M | $2.80M |
| Total Liabilities | $207.53M | $211.44M | $226.87M | $220.36M | $239.22M | $232.15M | $246.43M | $289.51M | $276.69M | $254.60M | $237.39M | $246.88M | $232.72M | $275.59M |
| Common Stock | $8.00K | $7.00K | $6.00K | $6.00K | $5.00K | $5.00K | $5.00K | $5.00K | - | $5.00K | $5.00K | $5.00K | - | $5.00K |
| Retained Earnings | $-842.71M | $-804.21M | $-799.69M | $-780.38M | $-740.47M | $-659.21M | $-598.18M | $-555.60M | $-481.67M | $-320.68M | $-257.63M | $-184.14M | $-173.83M | $-158.32M |
| Treasury Stock | - | - | - | - | - | - | - | - | - | - | - | - | $162.55M | $142.31M |
| Total Stockholders Equity | $217.58M | $202.60M | $130.87M | $143.37M | $162.73M | $196.19M | $250.35M | $287.75M | $359.13M | $516.18M | $573.17M | $640.50M | $645.83M | $676.64M |
| Total Liabilities & Equity | $425.48M | $414.38M | $358.07M | $363.73M | $401.95M | $428.34M | $496.78M | $577.26M | $635.82M | $770.78M | $810.55M | $887.39M | $878.55M | $952.24M |
| 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 | $-20.88M | $-4.52M | $-19.31M | $-39.91M | $-81.26M | $-177.54M | $-116.51M | $-73.93M | $-160.99M | $-146.85M | $-73.49M | $-10.31M | $-15.51M | $-36.99M |
| Depreciation & Amortization | $3.48M | $12.80M | $8.92M | $4.84M | $6.32M | $12.74M | $8.36M | $3.96M | $4.63M | $14.82M | $10.50M | $5.99M | $4.23M | $12.48M |
| Stock-based Compensation | $2.85M | $8.00M | $4.48M | $1.09M | $2.87M | $16.38M | $10.04M | $4.78M | $5.16M | $17.86M | $12.06M | $5.79M | $4.93M | $13.39M |
| Change in Receivables | $3.52M | $1.46M | $2.50M | $2.23M | $820.00K | $-4.39M | $-726.00K | $3.67M | $-160.00K | $1.89M | $1.43M | $4.38M | $-3.06M | $-745.00K |
| Change in Inventory | $-2.05M | $-4.33M | $-3.14M | $13.04M | $488.00K | $-1.98M | $-941.00K | $-137.00K | $1.52M | $4.99M | $-213.00K | $-288.00K | $456.00K | $933.00K |
| Change in Payables | $-4.32M | $12.38M | $29.37M | $-4.09M | $-5.62M | $-18.55M | $-14.90M | $10.06M | $20.81M | $11.75M | $11.99M | $10.22M | $-11.46M | $-17.36M |
| Operating Cash Flow | $-6.49M | $-50.21M | $-35.09M | $-50.92M | $-21.68M | $-152.62M | $-110.50M | $-34.61M | $-27.72M | $9.13M | $18.77M | $20.01M | $-30.13M | $17.60M |
| Capital Expenditure | $2.16M | $5.25M | $2.99M | $1.18M | $2.99M | $11.33M | $7.95M | $3.42M | $2.64M | $16.54M | $12.05M | $5.26M | $5.17M | $9.72M |
| Investing Cash Flow | $-18.81M | $-30.42M | $-20.19M | $-13.14M | $31.47M | $-6.55M | $-3.31M | $-9.13M | $7.13M | $-51.76M | $-44.44M | $-14.83M | $-5.03M | $-28.00M |
| Debt Repayment | - | - | - | - | - | - | - | - | - | - | - | - | $877.00K | $2.57M |
| Stock Issued | $35.62M | $101.69M | $24.22M | $19.47M | $42.99M | - | - | - | - | - | - | - | - | - |
| Stock Repurchased | - | $6.22M | $1.31M | - | - | - | - | - | - | - | - | - | $20.04M | $60.08M |
| Financing Cash Flow | $33.10M | $88.95M | $16.72M | $19.45M | $34.80M | $-2.08M | $-2.60M | $-2.52M | $-2.14M | $-3.36M | $-2.72M | $-1.71M | $-21.12M | $-65.22M |
| Net Change in Cash | $7.80M | $8.32M | $-38.56M | $-44.61M | $44.60M | $-161.25M | $-116.41M | $-46.26M | $-22.72M | $-45.98M | $-28.38M | $3.47M | $-56.28M | $-75.63M |
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 | $257.19M | $311.43M | $771.19M | $1.09B |
| Cost of Revenue | $192.02M | $245.45M | $580.92M | $871.31M |
| Gross Profit | $65.16M | $65.97M | $190.26M | $220.50M |
| Operating Expenses | $77.61M | $111.18M | $238.35M | $359.95M |
| Operating Income | $-12.45M | $-45.20M | $-48.09M | $-139.45M |
| Other Income/Expense | $6.98M | $-17.19M | $-17.78M | $-44.03M |
| Income Before Tax | $-4.29M | $-60.84M | $-63.03M | $-176.90M |
| Income Tax Expense | $233.00K | $189.00K | $714.00K | $635.00K |
| Net Income | $-4.52M | $-61.03M | $-63.75M | $-177.54M |
| Basic EPS | -0.07 | -1.33 | -1.11 | -3.88 |
| Diluted EPS | -0.07 | -1.33 | -1.11 | -3.88 |
| Basic Shares Outstanding | $60.33M | $45.77M | $57.19M | $45.70M |
| Diluted Shares Outstanding | $60.33M | $45.77M | $57.19M | $45.70M |
Condensed Consolidated Balance Sheets
| Description | Sep 30, 2025 | Dec 31, 2024 |
|---|---|---|
| Cash & Cash Equivalents | $167.37M | $159.17M |
| Accounts Receivable | $17.31M | $15.85M |
| Inventory | $7.21M | $11.55M |
| Other Current Assets | $12.87M | $14.02M |
| Total Current Assets | $231.80M | $227.51M |
| Property Plant & Equipment | $14.79M | $23.54M |
| Goodwill | $6.16M | $6.16M |
| Intangible Assets | $45.34M | $30.25M |
| Long-term Investments | $78.62M | $78.19M |
| Other Non-current Assets | $32.26M | $29.45M |
| Total Assets | $414.38M | $401.95M |
| Accounts Payable | $94.23M | $81.94M |
| Short-term Debt | $17.99M | $24.87M |
| Accrued Liabilities | $48.84M | $73.61M |
| Deferred Revenue | $35.82M | $43.09M |
| Total Current Liabilities | $197.79M | $224.86M |
| Other Non-current Liabilities | $7.77M | $7.91M |
| Total Liabilities | $211.44M | $239.22M |
| Common Stock | $7.00K | $5.00K |
| Retained Earnings | $-804.21M | $-740.47M |
| Total Stockholders Equity | $202.60M | $162.73M |
| Total Liabilities & Equity | $414.38M | $401.95M |
Condensed Consolidated Statements of Cash Flows
| Description | Sep 30, 2025 | Sep 30, 2025 | ||
|---|---|---|---|---|
| Current | Prior Year | Current YTD | Prior Year YTD | |
| Net Income | $-4.52M | $-61.03M | $-63.75M | $-177.54M |
| Depreciation & Amortization | - | - | $12.80M | $12.74M |
| Stock-based Compensation | - | - | $8.00M | $16.38M |
| Change in Receivables | - | - | $1.46M | $-4.39M |
| Change in Inventory | - | - | $-4.33M | $-1.98M |
| Change in Payables | - | - | $12.38M | $-18.55M |
| Operating Cash Flow | - | - | $-50.21M | $-152.62M |
| Capital Expenditure | - | - | $5.25M | $11.33M |
| Investing Cash Flow | - | - | $-30.42M | $-6.55M |
| Stock Issued | - | - | $101.69M | - |
| Stock Repurchased | - | - | $6.22M | - |
| Financing Cash Flow | - | - | $88.95M | $-2.08M |
| Net Change in Cash | - | - | $8.32M | $-161.25M |
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.