$210.43M
Revenue
$-119.47M
Net Income
31.48%
Gross Margin
-28.97%
Op. Margin
$-2.03B
Free Cash Flow
| Breakdown | Q2 2026 (Nov 30, 2025) |
Q1 2026 (Aug 31, 2025) |
Q4 2025 (May 31, 2025) |
Q3 2025 (Feb 28, 2025) |
Q2 2025 (Nov 30, 2024) |
Q1 2025 (Aug 31, 2024) |
Q4 2024 (May 31, 2024) |
Q3 2024 (Feb 29, 2024) |
Q2 2024 (Nov 30, 2023) |
Q1 2024 (Aug 31, 2023) |
Q4 2023 (May 31, 2023) |
Q3 2023 (Feb 28, 2023) |
Q2 2023 (Nov 30, 2022) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | $126.59M | $64.22M | $-33.30M | $52.92M | $63.87M | $60.70M | $43.70M | $43.35M | $42.20M | $36.32M | $22.04M | $14.09M | $12.34M |
| Revenue Growth % (YoY) | 98.2% | 5.8% | -176.2% | 22.1% | 51.3% | 67.1% | 98.3% | 207.7% | 242.0% | nan% | nan% | nan% | nan% |
| Cost of Revenue | $100.55M | $55.61M | $-61.11M | $49.14M | $52.36M | $61.06M | $46.29M | $47.06M | $29.22M | $24.40M | $15.95M | $10.53M | $11.81M |
| Gross Profit | - | - | - | - | - | - | - | - | - | - | $6.09M | $3.56M | $528.00K |
| Gross Margin % | nan% | nan% | nan% | nan% | nan% | nan% | nan% | nan% | nan% | nan% | 27.6% | 25.2% | 4.3% |
| Operating Expenses | $157.55M | $86.51M | $-44.53M | $71.86M | $82.48M | $51.22M | $71.30M | $99.17M | $50.38M | $41.45M | $12.33M | $10.51M | $27.20M |
| Selling General & Admin | $56.99M | $29.15M | $16.21M | $22.72M | $29.79M | $14.34M | $31.32M | $30.39M | $21.07M | $17.05M | $12.33M | $10.51M | $26.50M |
| Operating Income | $-30.96M | $-22.29M | $11.23M | $-18.94M | $-18.61M | $9.48M | $-27.60M | $-55.82M | $-8.17M | $-5.13M | $-6.24M | $-6.96M | $-26.68M |
| Operating Margin % | -24.5% | -34.7% | -33.7% | -35.8% | -29.1% | 15.6% | -63.2% | -128.8% | -19.4% | -14.1% | -28.3% | -49.4% | -216.2% |
| Interest Expense | $20.64M | $9.04M | $7.86M | $54.85M | $33.14M | $5.51M | $18.00M | $4.40M | $2.35M | $2.07M | $855.00K | $384.00K | $385.00K |
| Other Income/Expense | - | - | - | - | - | - | - | - | - | - | $-855.00K | $-384.00K | $-385.00K |
| Income Before Tax | $-26.55M | $-26.24M | $20.18M | $-35.44M | $-138.72M | $-4.25M | $-64.35M | $-62.84M | $-10.53M | $-11.85M | $-7.10M | $-7.34M | $-27.06M |
| Income Tax Expense | $15.00K | $8.00K | $-16.00K | $117.00K | $1.00K | - | $96.00K | - | - | - | $-243.00K | - | $-312.00K |
| Net Income | $-14.45M | $-16.93M | $-52.54M | $-35.55M | $-138.73M | $-4.25M | $-64.45M | $-62.84M | $-10.53M | $-11.46M | $-6.47M | $-7.03M | $-26.62M |
| Net Margin % | -11.4% | -26.4% | 157.8% | -67.2% | -217.2% | -7.0% | -147.5% | -145.0% | -24.9% | -31.5% | -29.4% | -49.9% | -215.7% |
| Basic EPS | -0.07 | -0.07 | nan | -0.16 | -0.66 | -0.03 | nan | -0.52 | -0.10 | -0.12 | nan | -0.08 | -0.29 |
| Diluted EPS | -0.07 | -0.07 | nan | -0.16 | -0.66 | -0.03 | nan | -0.52 | -0.10 | -0.12 | nan | -0.08 | -0.29 |
| Basic Shares Outstanding | 277.4M | 255.9M | - | 222.5M | 209.6M | 149.0M | - | 121.4M | 109.7M | 100.5M | - | 94.1M | 93.4M |
| Diluted Shares Outstanding | 277.4M | 255.9M | - | 222.5M | 209.6M | 149.0M | - | 121.4M | 109.7M | 100.5M | - | 94.1M | 93.4M |
| Breakdown | Q2 2026 (Nov 30, 2025) |
Q1 2026 (Aug 31, 2025) |
Q4 2025 (May 31, 2025) |
Q3 2025 (Feb 28, 2025) |
Q2 2025 (Nov 30, 2024) |
Q1 2025 (Aug 31, 2024) |
Q4 2024 (May 31, 2024) |
Q3 2024 (Feb 29, 2024) |
Q2 2024 (Nov 30, 2023) |
Q1 2024 (Aug 31, 2023) |
Q4 2023 (May 31, 2023) |
Q3 2023 (Feb 28, 2023) |
Q2 2023 (Nov 30, 2022) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Cash Equivalents | $1.91B | $73.91M | $41.55M | $68.74M | $286.24M | $58.22M | $3.34M | $4.43M | $9.22M | $5.94M | $29.00M | - | - |
| Accounts Receivable | $13.35M | $29.13M | $3.04M | $14.62M | $12.31M | $2.30M | $3.85M | $225.00K | $307.00K | $27.00K | $82.00K | $82.00K | $276.00K |
| Other Current Assets | $6.02M | $188.49M | $9.43M | $5.42M | $8.50M | $2.06M | $1.34M | $6.13M | $1.52M | $2.31M | $16.68M | $1.39M | $2.40M |
| Total Current Assets | $2.72B | $641.74M | $430.59M | $274.26M | $328.39M | $84.11M | $30.26M | $105.70M | $36.46M | $33.55M | $45.76M | $24.39M | $20.75M |
| Property Plant & Equipment | $2.00B | $1.46B | $1.28B | $1.00B | $772.66M | $478.25M | $340.38M | $211.17M | $258.51M | $222.67M | $195.59M | $167.28M | $132.89M |
| Total Assets | $5.23B | $2.40B | $1.87B | $1.71B | $1.54B | $937.73M | $762.87M | $643.17M | $480.65M | $349.15M | $263.96M | $207.61M | $167.44M |
| Accounts Payable | $92.91M | $172.82M | $247.53M | $170.52M | $192.02M | $140.26M | $116.12M | $93.92M | $38.26M | $16.23M | $6.45M | - | - |
| Accrued Liabilities | $207.45M | $182.95M | $29.55M | $19.27M | $31.62M | $26.72M | $26.28M | $27.55M | $10.54M | $12.74M | $9.96M | - | - |
| Deferred Revenue | $29.44M | $626.00K | - | - | - | - | - | - | - | - | $48.69M | $47.62M | $29.39M |
| Other Current Liabilities | $38.31M | $26.38M | $19.43M | $216.00K | $96.00K | $96.00K | $96.00K | - | - | - | - | - | - |
| Total Current Liabilities | $563.40M | $985.49M | $558.14M | $393.58M | $424.35M | $386.67M | $385.54M | $349.16M | $202.42M | $151.68M | $115.46M | $108.60M | $70.21M |
| Deferred Tax Liabilities | - | - | - | - | - | - | - | - | - | - | - | $260.00K | $260.00K |
| Other Non-current Liabilities | - | - | - | - | - | - | - | - | - | - | $1.00M | - | - |
| Total Liabilities | $3.16B | $1.29B | $1.24B | $1.21B | $1.05B | $640.60M | $638.04M | $524.68M | $325.00M | $221.21M | $194.28M | $136.21M | $95.47M |
| Common Stock | $287.00K | $274.00K | $230.00K | $230.00K | $222.00K | $162.00K | $144.00K | $127.00K | $123.00K | $110.00K | $101.00K | $100.00K | $94.00K |
| Retained Earnings | $-512.38M | $-497.98M | $-481.06M | $-428.52M | $-392.96M | $-254.28M | $-249.99M | $-185.54M | $-122.70M | $-112.17M | $-100.72M | $-94.24M | $-87.22M |
| Treasury Stock | - | - | - | - | - | - | - | - | - | - | $62.00K | $62.00K | $62.00K |
| Total Stockholders Equity | $1.45B | $1.04B | $497.69M | $454.65M | $434.57M | $241.85M | $124.83M | $118.49M | $155.66M | $127.95M | $59.52M | $60.85M | $63.51M |
| Total Liabilities & Equity | $5.23B | $2.40B | $1.87B | $1.71B | $1.54B | $937.73M | $762.87M | $643.17M | $480.65M | $349.15M | $263.96M | $207.61M | $167.44M |
| Breakdown | Q2 2026 (Nov 30, 2025) |
Q1 2026 (Aug 31, 2025) |
Q4 2025 (May 31, 2025) |
Q3 2025 (Feb 28, 2025) |
Q2 2025 (Nov 30, 2024) |
Q1 2025 (Aug 31, 2024) |
Q4 2024 (May 31, 2024) |
Q3 2024 (Feb 29, 2024) |
Q2 2024 (Nov 30, 2023) |
Q1 2024 (Aug 31, 2023) |
Q4 2023 (May 31, 2023) |
Q3 2023 (Feb 28, 2023) |
Q2 2023 (Nov 30, 2022) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $-31.38M | $-16.93M | $-52.54M | $-178.53M | $-138.73M | $-4.25M | $-64.45M | $-84.82M | $-10.53M | $-11.46M | $-6.47M | $-7.03M | $-26.62M |
| Depreciation & Amortization | $12.74M | - | - | - | - | - | - | - | $21.28M | $7.86M | $2.64M | $4.63M | $2.70M |
| Stock-based Compensation | $44.59M | $15.46M | $12.47M | $10.23M | $542.00K | $-2.92M | $3.73M | $13.63M | $10.44M | $5.64M | $5.19M | $26.88M | $22.40M |
| Deferred Income Tax | - | - | - | - | - | - | - | - | - | - | $-260.00K | $-280.00K | $-280.00K |
| Change in Receivables | $15.54M | $29.52M | $-7.79M | $10.72M | $8.47M | $-1.55M | $3.62M | $143.00K | $225.00K | $-55.00K | - | $-145.00K | $49.00K |
| Change in Payables | $-159.00M | $-77.78M | $10.12M | $-88.38M | $-82.85M | $-77.54M | $-13.62M | $55.46M | $6.44M | $205.00K | $-3.73M | - | - |
| Operating Cash Flow | $-97.87M | $-82.02M | $6.86M | $-122.26M | $-128.15M | $-75.89M | $-34.10M | $47.90M | $9.06M | $4.52M | $4.59M | $54.14M | $27.98M |
| Capital Expenditure | $801.49M | $249.42M | $198.26M | $483.34M | $225.85M | $54.80M | $54.81M | $87.00M | $45.83M | $32.59M | $32.51M | $96.21M | $70.31M |
| Purchases of Investments | $17.00M | - | $2.38M | $2.50M | $1.42M | - | - | $390.00K | $390.00K | $390.00K | $710.00K | $100.00K | - |
| Investing Cash Flow | $-818.49M | $-249.42M | $-201.98M | $-465.68M | $-207.54M | $-32.61M | $-49.92M | $-122.52M | $-65.61M | $-40.54M | $-35.77M | $-96.31M | $-70.31M |
| Stock Issued | $196.37M | $196.37M | - | $191.59M | $191.59M | $31.59M | $9.85M | $121.00M | $97.92M | $64.48M | - | - | - |
| Stock Repurchased | - | - | - | $31.34M | $31.34M | - | - | - | - | - | - | - | - |
| Financing Cash Flow | $3.09B | $322.24M | $57.22M | $817.47M | $618.58M | $163.37M | $74.73M | $72.03M | $47.61M | $23.66M | $51.84M | $18.79M | $14.10M |
| Net Change in Cash | $2.17B | $-9.21M | $-137.91M | $229.54M | $282.89M | $54.87M | $-9.29M | $-2.59M | $-8.94M | $-12.36M | $20.65M | $-23.38M | $-28.23M |
SEC Filing Format - Data shown as it appears in the Q2 2026 (10-Q) filing
Period ended: Nov 30, 2025
Condensed Consolidated Statements of Operations
| Description | Nov 30, 2025 | Nov 30, 2025 | ||
|---|---|---|---|---|
| Current | Prior Year | Current YTD | Prior Year YTD | |
| Total Revenue | $126.59M | $36.16M | $190.81M | $71.01M |
| Cost of Revenue | $100.55M | $22.66M | $156.16M | $45.40M |
| Operating Expenses | $157.55M | $48.97M | $244.05M | $58.52M |
| Selling General & Admin | $56.99M | $25.97M | $86.14M | $36.97M |
| Operating Income | $-30.96M | $-12.80M | $-53.25M | $12.49M |
| Interest Expense | $11.48M | $2.93M | $20.64M | $33.14M |
| Income Before Tax | $-26.55M | $-128.36M | $-52.79M | $-112.45M |
| Income Tax Expense | $15.00K | $1.00K | $23.00K | $1.00K |
| Net Income | $-14.45M | $-138.73M | $-31.38M | $-142.97M |
| Basic EPS | -0.07 | -0.66 | -0.14 | -0.80 |
| Diluted EPS | -0.07 | -0.66 | -0.14 | -0.80 |
| Basic Shares Outstanding | $277.42M | $209.56M | $266.60M | $179.12M |
| Diluted Shares Outstanding | $277.42M | $209.56M | $266.60M | $179.12M |
Condensed Consolidated Balance Sheets
| Description | Nov 30, 2025 | May 31, 2025 |
|---|---|---|
| Cash & Cash Equivalents | $1.91B | $41.55M |
| Accounts Receivable | $13.35M | $3.04M |
| Other Current Assets | $6.02M | $1.47M |
| Total Current Assets | $2.72B | $430.59M |
| Property Plant & Equipment | $2.00B | $1.24B |
| Total Assets | $5.23B | $1.87B |
| Accounts Payable | $92.91M | $247.53M |
| Accrued Liabilities | $207.45M | $29.55M |
| Deferred Revenue | $29.44M | - |
| Other Current Liabilities | $38.31M | $19.43M |
| Total Current Liabilities | $563.40M | $558.14M |
| Total Liabilities | $3.16B | $1.24B |
| Common Stock | $287.00K | $230.00K |
| Retained Earnings | $-512.38M | $-481.06M |
| Total Stockholders Equity | $1.45B | $497.69M |
| Total Liabilities & Equity | $5.23B | $1.87B |
Condensed Consolidated Statements of Cash Flows
| Description | Nov 30, 2025 | Nov 30, 2025 | ||
|---|---|---|---|---|
| Current | Prior Year | Current YTD | Prior Year YTD | |
| Net Income | $-14.45M | $-138.73M | $-31.38M | $-142.97M |
| Depreciation & Amortization | $8.59M | $4.70M | $12.74M | $8.86M |
| Stock-based Compensation | - | - | $44.59M | $542.00K |
| Change in Receivables | - | - | $15.54M | $8.47M |
| Change in Payables | - | - | $-159.00M | $-82.85M |
| Operating Cash Flow | - | - | $-97.87M | $-128.15M |
| Capital Expenditure | - | - | $801.49M | $225.85M |
| Purchases of Investments | - | - | $17.00M | $1.42M |
| Investing Cash Flow | - | - | $-818.49M | $-207.54M |
| Stock Issued | - | - | $196.37M | $191.59M |
| Stock Repurchased | - | - | - | $31.34M |
| Financing Cash Flow | - | - | $3.09B | $618.58M |
| Net Change in Cash | - | - | $2.17B | $282.89M |
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.