$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) |
|---|---|---|---|---|---|---|---|
| Total Revenue | $273.43M | $257.19M | $282.25M | $231.75M | $303.15M | $311.43M | $398.10M |
| Revenue Growth % (YoY) | -9.8% | -17.4% | -29.1% | nan% | nan% | nan% | nan% |
| Cost of Revenue | $206.17M | $192.02M | $215.28M | $173.62M | $233.49M | $245.45M | $317.94M |
| Gross Profit | $67.26M | $65.16M | $66.97M | $58.13M | $69.66M | $65.97M | $80.17M |
| Gross Margin % | 24.6% | 25.3% | 23.7% | 25.1% | 23.0% | 21.2% | 20.1% |
| Operating Expenses | $80.38M | $77.61M | $84.85M | $81.68M | $112.55M | $109.53M | $127.17M |
| Operating Income | $-13.12M | $-12.45M | $-17.88M | $-23.55M | $-42.89M | $-43.55M | $-47.00M |
| Operating Margin % | -4.8% | -4.8% | -6.3% | -10.2% | -14.1% | -14.0% | -11.8% |
| Other Income/Expense | $-9.86M | $6.98M | $-2.04M | $-16.93M | $-38.51M | $-18.84M | $2.23M |
| Income Before Tax | $-20.76M | $-4.29M | $-19.03M | - | $-81.21M | - | - |
| Income Tax Expense | $111.00K | $233.00K | $287.00K | $194.00K | $49.00K | $189.00K | $117.00K |
| Net Income | $-20.88M | $-4.52M | $-19.31M | $-39.91M | $-81.26M | $-61.03M | $-42.58M |
| Net Margin % | -7.6% | -1.8% | -6.8% | -17.2% | -26.8% | -19.6% | -10.7% |
| Basic EPS | -0.30 | -0.07 | -0.34 | -0.74 | -1.68 | -1.33 | -0.93 |
| Diluted EPS | -0.30 | -0.07 | -0.34 | -0.74 | -1.68 | -1.33 | -0.93 |
| Basic Shares Outstanding | - | 60.3M | 57.5M | 53.7M | 842K | 45.8M | 45.7M |
| Diluted Shares Outstanding | - | 60.3M | 57.5M | 53.7M | 842K | 45.8M | 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) |
|---|---|---|---|---|---|---|---|
| Cash & Cash Equivalents | $175.29M | $167.37M | $120.55M | $114.58M | $159.17M | $140.37M | $186.17M |
| Accounts Receivable | $20.83M | $17.31M | $23.35M | $18.07M | $15.85M | $15.03M | $18.69M |
| Inventory | $5.16M | $7.21M | $8.41M | $24.59M | $11.55M | $11.06M | $12.10M |
| Other Current Assets | $1.49M | $12.87M | $16.57M | $12.32M | $1.88M | $15.50M | $15.07M |
| Total Current Assets | $240.12M | $231.80M | $195.85M | $196.46M | $227.51M | $183.08M | $232.21M |
| Property Plant & Equipment | $13.71M | $14.79M | $16.46M | $19.50M | $23.54M | $27.21M | $27.86M |
| Goodwill | $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 |
| Long-term Investments | $66.64M | $78.62M | $71.62M | $77.74M | $78.19M | $112.47M | $129.67M |
| Other Non-current Assets | $48.55M | $32.26M | $29.64M | $24.96M | $29.45M | $13.93M | $12.55M |
| Total Assets | $425.48M | $414.38M | $358.07M | $363.73M | $401.95M | $428.34M | $496.78M |
| Accounts Payable | $89.99M | $94.23M | $111.41M | $78.03M | $81.94M | $87.96M | $91.21M |
| 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 |
| Deferred Revenue | $34.43M | $35.82M | $37.66M | $40.81M | $43.09M | $44.95M | $47.81M |
| Other Current Liabilities | $15.50M | - | - | - | $24.87M | - | - |
| Total Current Liabilities | $192.15M | $197.79M | $215.44M | $206.15M | $224.86M | $189.04M | $203.04M |
| Other Non-current Liabilities | $9.74M | $7.77M | $5.33M | $7.92M | $7.91M | $8.52M | $8.74M |
| Total Liabilities | $207.53M | $211.44M | $226.87M | $220.36M | $239.22M | $232.15M | $246.43M |
| Common Stock | $8.00K | $7.00K | $6.00K | $6.00K | $5.00K | $5.00K | $5.00K |
| Retained Earnings | $-842.71M | $-804.21M | $-799.69M | $-780.38M | $-740.47M | $-659.21M | $-598.18M |
| Total Stockholders Equity | $217.58M | $202.60M | $130.87M | $143.37M | $162.73M | $196.19M | $250.35M |
| Total Liabilities & Equity | $425.48M | $414.38M | $358.07M | $363.73M | $401.95M | $428.34M | $496.78M |
| 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 | $-20.88M | $-4.52M | $-19.31M | $-39.91M | $-81.26M | $-177.54M | $-116.51M |
| Depreciation & Amortization | $3.48M | $12.80M | $8.92M | $4.84M | $6.32M | $12.74M | $8.36M |
| Stock-based Compensation | $2.85M | $8.00M | $4.48M | $1.09M | $2.87M | $16.38M | $10.04M |
| Change in Receivables | $3.52M | $1.46M | $2.50M | $2.23M | $820.00K | $-4.39M | $-726.00K |
| Change in Inventory | $-2.05M | $-4.33M | $-3.14M | $13.04M | $488.00K | $-1.98M | $-941.00K |
| Change in Payables | $-4.32M | $12.38M | $29.37M | $-4.09M | $-5.62M | $-18.55M | $-14.90M |
| Operating Cash Flow | $-6.49M | $-50.21M | $-35.09M | $-50.92M | $-21.68M | $-152.62M | $-110.50M |
| Capital Expenditure | $2.16M | $5.25M | $2.99M | $1.18M | $2.99M | $11.33M | $7.95M |
| Investing Cash Flow | $-18.81M | $-30.42M | $-20.19M | $-13.14M | $31.47M | $-6.55M | $-3.31M |
| Stock Issued | $35.62M | $101.69M | $24.22M | $19.47M | $42.99M | - | - |
| Stock Repurchased | - | $6.22M | $1.31M | - | - | - | - |
| Financing Cash Flow | $33.10M | $88.95M | $16.72M | $19.45M | $34.80M | $-2.08M | $-2.60M |
| Net Change in Cash | $7.80M | $8.32M | $-38.56M | $-44.61M | $44.60M | $-161.25M | $-116.41M |
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.