$1.04B
Revenue
$-84.62M
Net Income
24.65%
Gross Margin
-6.41%
Op. Margin
$-154.30M
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 | $1.04B | $1.04B | $1.39B | $1.56B | $1.93B | $2.76B |
| Revenue Growth % | 0.0% | -25.1% | -10.6% | -19.1% | -30.0% | nan% |
| Cost of Revenue | $787.09M | $787.09M | $1.10B | $1.25B | $1.49B | $2.13B |
| Gross Profit | $257.52M | $257.52M | $290.16M | $314.01M | $443.34M | $623.90M |
| Gross Margin % | 24.7% | 24.7% | 20.8% | 20.1% | 23.0% | 22.6% |
| Operating Expenses | $324.52M | $318.74M | $481.13M | $432.11M | $416.34M | $512.83M |
| Operating Income | $-67.00M | $-61.21M | $-190.97M | $-118.11M | $27.01M | $111.07M |
| Operating Margin % | -6.4% | -5.9% | -13.7% | -7.6% | 1.4% | 4.0% |
| Interest Expense | - | $1.10M | $1.49M | $1.60M | - | - |
| Other Income/Expense | $-21.84M | $-27.64M | $-73.91M | $-160.02M | $-63.83M | $12.50M |
| Income Before Tax | - | $-83.80M | $-258.11M | $-266.12M | $-33.85M | $123.02M |
| Income Tax Expense | $825.00K | $825.00K | $684.00K | $41.72M | $1.38M | $-48.77M |
| Net Income | $-84.62M | $-84.62M | $-258.80M | $-307.84M | $-35.24M | $389.37M |
| Net Margin % | -8.1% | -8.1% | -18.6% | -19.7% | -1.8% | 14.1% |
| Basic EPS | -1.45 | -1.41 | -5.56 | -6.81 | -0.83 | 8.18 |
| Diluted EPS | -1.45 | -1.41 | -5.56 | -6.81 | -0.83 | 8.11 |
| Basic Shares Outstanding | - | 60.1M | 46.5M | 45.2M | 44.3M | 43.0M |
| Diluted Shares Outstanding | - | 60.1M | 46.5M | 45.2M | 44.3M | 43.3M |
| 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 | $175.29M | $159.17M | $302.61M | $371.26M | $503.34M |
| Accounts Receivable | $20.83M | $15.85M | $19.42M | $17.69M | $21.19M |
| Inventory | $5.16M | $11.55M | $13.04M | $6.53M | $5.14M |
| Other Current Assets | $1.49M | $1.88M | $14.86M | $18.83M | $22.10M |
| Total Current Assets | $240.12M | $227.51M | $350.07M | $414.51M | $551.79M |
| Property Plant & Equipment | $13.71M | $23.54M | $27.58M | $109.91M | $109.48M |
| Goodwill | $6.16M | $6.16M | $6.16M | $6.16M | $6.16M |
| Intangible Assets | $45.14M | $30.25M | $25.25M | $9.00K | - |
| Long-term Investments | $66.64M | $78.19M | $155.87M | $296.32M | $342.68M |
| Other Non-current Assets | $48.55M | $29.45M | $12.80M | $2.75M | $3.24M |
| Total Assets | $425.48M | $401.95M | $635.82M | $878.55M | $1.07B |
| Accounts Payable | $89.99M | $81.94M | $106.07M | $75.13M | $102.29M |
| Accrued Liabilities | $51.30M | $73.61M | $73.68M | $63.61M | $101.90M |
| Deferred Revenue | $34.43M | $43.09M | $49.60M | $44.48M | $59.39M |
| Other Current Liabilities | $15.50M | $24.87M | - | $3.51M | $3.35M |
| Total Current Liabilities | $192.15M | $224.86M | $232.40M | $191.14M | $272.33M |
| Long-term Debt | - | - | - | $34.48M | $37.98M |
| Other Non-current Liabilities | $9.74M | $7.91M | $9.11M | $3.48M | $3.30M |
| Total Liabilities | $207.53M | $239.22M | $276.69M | $232.72M | $321.58M |
| Common Stock | $8.00K | $5.00K | - | - | - |
| Retained Earnings | $-842.71M | $-740.47M | $-481.67M | $-173.83M | $-136.59M |
| Treasury Stock | - | - | - | $162.55M | $79.03M |
| Total Stockholders Equity | $217.58M | $162.73M | $359.13M | $645.83M | $744.39M |
| Total Liabilities & Equity | $425.48M | $401.95M | $635.82M | $878.55M | $1.07B |
| 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 | $-84.62M | $-84.62M | $-258.80M | $-307.84M | $-35.24M | $389.37M |
| Depreciation & Amortization | $30.05M | $16.28M | $19.06M | $19.45M | $16.71M | $18.56M |
| Stock-based Compensation | $16.43M | $10.85M | $19.25M | $23.02M | $18.32M | $11.13M |
| Deferred Income Tax | - | $473.00K | $284.00K | $41.35M | - | - |
| Change in Receivables | $9.71M | $4.98M | $-3.57M | $1.73M | $-3.81M | $-1.68M |
| Change in Inventory | $3.52M | $-6.38M | $-1.49M | $6.51M | $1.39M | $-1.11M |
| Change in Payables | $33.34M | $8.05M | $-24.17M | $32.55M | $-28.82M | $-7.79M |
| Operating Cash Flow | $-142.71M | $-56.70M | $-174.30M | $-18.59M | $-12.54M | $80.92M |
| Capital Expenditure | $11.58M | $7.41M | $14.31M | $19.18M | $14.90M | $13.62M |
| Investing Cash Flow | $-82.56M | $-49.23M | $24.93M | $-44.63M | $-33.03M | $-86.14M |
| Debt Repayment | - | - | $34.78M | $3.61M | $3.45M | $3.03M |
| Stock Issued | $181.01M | $137.31M | $42.99M | - | - | - |
| Stock Repurchased | - | $6.22M | - | - | $80.12M | - |
| Financing Cash Flow | $158.23M | $122.05M | $32.72M | $-5.49M | $-86.34M | $-10.60M |
| Net Change in Cash | $-67.05M | $16.13M | $-116.66M | $-68.71M | $-131.91M | $-15.81M |
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-K filings.
Annual data represents full fiscal year results. FY = Fiscal Year ending.