$647.43M
Revenue
$-663.18M
Net Income
-
Gross Margin
-96.10%
Op. Margin
$-1.38B
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 | $152.83M | $180.23M | $152.99M | $161.39M | $142.56M | $84.79M | $70.02M | $79.30M | $78.81M | $51.89M | $76.74M | $73.24M | $60.15M | $46.29M |
| Revenue Growth % (YoY) | 7.2% | 112.6% | 118.5% | 103.5% | 80.9% | 63.4% | -8.8% | 8.3% | 31.0% | 12.1% | nan% | nan% | nan% | nan% |
| Cost of Revenue | - | $109.47M | $91.04M | $95.59M | $89.08M | $300.25M | $240.29M | $47.10M | $63.47M | $63.78M | $63.96M | $63.12M | $57.03M | $42.68M |
| Gross Profit | - | $70.76M | $61.95M | $65.80M | $53.48M | $-215.47M | $-170.28M | $32.19M | $15.34M | $-11.89M | $12.78M | $10.11M | $3.11M | $3.61M |
| Gross Margin % | nan% | 39.3% | 40.5% | 40.8% | 37.5% | -254.1% | -243.2% | 40.6% | 19.5% | -22.9% | 16.6% | 13.8% | 5.2% | 7.8% |
| Operating Expenses | $837.32M | $100.18M | $-63.16M | $395.26M | $-45.64M | $206.30M | $187.06M | $-124.65M | $4.72M | $99.72M | $109.22M | $130.06M | $218.23M | $86.30M |
| Selling General & Admin | $81.59M | $69.83M | $75.90M | $71.45M | $81.14M | $66.94M | $61.19M | $57.65M | $38.77M | $29.07M | $19.84M | $12.68M | $29.90M | $16.00M |
| Operating Income | $-684.49M | $80.05M | $216.15M | $-233.87M | $188.20M | $-121.51M | $-117.04M | $203.94M | $74.09M | $-47.83M | $-32.48M | $-56.83M | $-158.09M | $-40.01M |
| Operating Margin % | -447.9% | 44.4% | 141.3% | -144.9% | 132.0% | -143.3% | -167.2% | 257.2% | 94.0% | -92.2% | -42.3% | -77.6% | -262.8% | -86.4% |
| Interest Expense | $5.57M | $9.88M | $1.92M | - | $10.00K | $35.00K | $24.00K | $13.00K | $49.00K | $35.00K | $17.00K | - | - | - |
| Other Income/Expense | $35.26M | $26.11M | $3.63M | $-62.06M | $-6.78M | $-32.82M | $32.65M | $7.81M | $-3.17M | $2.35M | $4.91M | $-3.83M | $-603.00K | $490.00K |
| Income Tax Expense | - | - | - | - | $679.00K | $32.00K | $55.00K | $-22.00K | $-79.00K | $-157.00K | $112.00K | $-4.97M | $-2.91M | $-2.95M |
| Net Income | $-690.75M | $104.48M | $219.45M | $-296.37M | $136.44M | $-154.36M | $-84.45M | $211.78M | $79.23M | $-45.33M | $-27.69M | $-55.69M | $-155.78M | $-36.57M |
| Net Margin % | -452.0% | 58.0% | 143.4% | -183.6% | 95.7% | -182.1% | -120.6% | 267.1% | 100.5% | -87.3% | -36.1% | -76.0% | -259.0% | -79.0% |
| Basic EPS | -2.03 | 0.30 | 0.65 | -0.90 | 0.50 | -0.54 | -0.32 | 0.82 | 0.48 | -0.25 | -0.17 | -0.33 | -1.01 | -0.24 |
| Diluted EPS | -2.03 | 0.26 | 0.58 | -0.90 | 0.44 | -0.54 | -0.32 | 0.81 | 0.48 | -0.25 | -0.01 | -0.33 | -1.05 | nan |
| Basic Shares Outstanding | - | 347.1M | 336.3M | 329.5M | 14.0M | 286.2M | 264.6M | 259.5M | 6.3M | 181.0M | 167.3M | 167.3M | 5.5M | 153.9M |
| Diluted Shares Outstanding | - | 403.2M | 382.7M | 329.5M | 56.9M | 286.2M | 264.6M | 262.4M | 6.3M | 181.0M | 167.3M | 167.3M | 5.5M | 153.9M |
| 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 | $233.52M | $330.75M | $255.37M | $163.72M | $277.86M | $355.71M | $481.17M | $688.50M | $597.17M | $290.11M | $289.18M | $158.27M | $230.33M | $254.97M |
| Short-term Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | $2.17M |
| Accounts Receivable | $29.79M | $26.54M | $25.43M | $19.52M | $27.12M | $15.35M | $13.68M | $14.19M | $24.71M | $12.68M | $13.18M | $19.84M | $26.93M | $17.39M |
| Other Current Assets | $59.45M | $47.08M | $50.20M | $45.18M | $40.29M | $30.64M | $30.65M | $33.59M | $29.11M | $35.99M | $20.13M | $22.23M | $32.66M | $22.10M |
| Total Current Assets | $448.71M | $528.59M | $516.10M | $449.56M | $599.48M | $716.87M | $743.82M | $785.10M | $1.01B | $513.39M | $482.75M | $365.68M | $443.38M | $476.89M |
| Property Plant & Equipment | $1.53B | $1.36B | $1.30B | $1.31B | $1.34B | $1.17B | $1.04B | $821.68M | $704.19M | $667.81M | $699.64M | $717.31M | $692.55M | $650.19M |
| Goodwill | $122.50M | $122.50M | $122.50M | $122.15M | $121.89M | $96.76M | - | - | - | - | - | - | - | - |
| Intangible Assets | $30.19M | $31.13M | $32.07M | $33.01M | $34.05M | $11.33M | $12.78M | $14.21M | $15.70M | $17.16M | $18.62M | $20.07M | $21.48M | $13.02M |
| Total Assets | $3.94B | $4.48B | $4.29B | $3.72B | $3.94B | $2.92B | $2.72B | $2.61B | $2.05B | $1.46B | $1.36B | $1.25B | $1.32B | $1.45B |
| Accounts Payable | $23.42M | $12.70M | $18.06M | $7.93M | $17.61M | $12.51M | $5.09M | $13.50M | $23.16M | $8.90M | $12.62M | $19.68M | $18.45M | $12.66M |
| Accrued Liabilities | $142.85M | $60.09M | $70.01M | $72.31M | $75.67M | $45.35M | $54.35M | $44.07M | $62.63M | $25.20M | $27.31M | $82.67M | $65.46M | $33.73M |
| Deferred Revenue | $37.12M | $18.21M | $21.60M | $8.82M | $9.64M | $8.81M | $6.37M | $3.73M | $4.07M | $5.79M | $3.12M | $5.34M | $2.88M | $2.56M |
| Total Current Liabilities | $469.77M | $358.55M | $374.91M | $139.30M | $160.38M | $126.23M | $97.30M | $92.65M | $121.02M | $71.11M | $74.33M | $112.07M | $121.54M | $107.06M |
| Long-term Debt | $840.80M | $586.50M | $585.75M | $585.00M | $584.62M | $5.60M | - | - | $526.00K | - | - | - | - | - |
| Deferred Tax Liabilities | $55.81M | - | - | - | $214.62M | - | - | - | - | - | - | - | - | - |
| Other Non-current Liabilities | $19.00K | $25.00K | $34.00K | $6.19M | $6.19M | $6.14M | $6.50M | $6.57M | $6.68M | $7.08M | $6.69M | $7.10M | $8.23M | $8.32M |
| Total Liabilities | $1.08B | $974.07M | $989.49M | $774.18M | $791.62M | $173.27M | $139.07M | $135.84M | $163.06M | $114.68M | $118.02M | $158.17M | $168.52M | $154.25M |
| Common Stock | $4.21B | $4.17B | $4.06B | $3.93B | $3.83B | $3.58B | $3.26B | $3.06B | $2.69B | $2.23B | $2.08B | $1.90B | $1.91B | $1.89B |
| Retained Earnings | $-1.35B | $-662.85M | $-767.33M | $-986.79M | $-690.42M | $-826.85M | $-672.49M | $-588.04M | $-799.82M | $-885.04M | $-839.72M | $-812.03M | $-756.34M | $-591.61M |
| Total Stockholders Equity | $2.86B | $3.50B | $3.30B | $2.94B | $3.14B | $2.75B | $2.58B | $2.48B | $1.89B | $1.34B | $1.24B | $1.09B | $1.15B | $1.30B |
| Total Liabilities & Equity | $3.94B | $4.48B | $4.29B | $3.72B | $3.94B | $2.92B | $2.72B | $2.61B | $2.05B | $1.46B | $1.36B | $1.25B | $1.32B | $1.45B |
| 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 | $-690.75M | $104.48M | $219.45M | $-296.37M | $136.44M | $-27.03M | $127.33M | $211.78M | $79.23M | $-45.33M | $-83.38M | $-55.69M | $-155.78M | $-353.77M |
| Depreciation & Amortization | $98.75M | $82.93M | $83.20M | $77.93M | $76.53M | $129.67M | $37.33M | $32.34M | $56.43M | $64.57M | $125.50M | $59.34M | $46.58M | $26.56M |
| Stock-based Compensation | $33.16M | $92.55M | $59.70M | $29.58M | $30.50M | $94.70M | $64.14M | $32.00M | $17.52M | $14.65M | $1.13M | $-2.30M | $17.25M | $7.30M |
| Deferred Income Tax | - | - | - | - | - | - | - | - | - | - | $-5.04M | $-5.04M | $-2.87M | $-9.67M |
| Change in Receivables | - | - | - | - | - | - | - | - | - | - | - | - | $9.55M | $1.99M |
| Change in Payables | - | - | - | - | - | - | - | - | - | - | - | - | $5.78M | $-7.37M |
| Operating Cash Flow | $-105.53M | $-467.40M | $-353.38M | $-122.06M | $-98.36M | $-156.70M | $-100.36M | $-57.85M | $45.03M | $-11.95M | $-5.78M | $32.36M | $1.27M | $-740.00K |
| Capital Expenditure | $82.46M | $118.92M | $93.23M | $32.86M | $58.21M | $182.13M | $110.85M | $57.31M | $45.49M | $148.21M | $107.42M | $50.95M | $18.74M | $129.67M |
| Acquisitions | - | - | - | - | - | $7.20M | - | - | - | - | - | - | - | - |
| Investing Cash Flow | $-2.51M | $78.64M | $-40.02M | $-59.23M | $-782.62M | $-726.19M | $-520.69M | $-194.49M | $-182.38M | $-232.39M | $-107.46M | $-73.99M | $-25.47M | $-329.40M |
| Stock Issued | $13.09M | $199.64M | $123.90M | $70.03M | $230.60M | $746.43M | $527.01M | $353.22M | $453.83M | $324.60M | $188.43M | - | - | $304.85M |
| Stock Repurchased | $1.05M | $3.24M | $587.00K | $484.00K | $84.00K | $11.48M | $10.77M | $2.00M | $110.00K | $13.93M | $12.95M | $1.31M | $265.00K | $9.87M |
| Financing Cash Flow | $11.47M | $443.82M | $372.35M | $67.86M | $803.89M | $714.10M | $505.05M | $343.67M | $444.41M | $304.12M | $172.09M | $-933.00K | $-450.00K | $272.80M |
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 | $180.23M | $84.79M | $494.60M | $234.10M |
| Operating Expenses | $100.18M | $206.30M | $432.28M | $268.71M |
| Selling General & Admin | $69.83M | $66.94M | $217.18M | $185.78M |
| Operating Income | $80.05M | $-121.51M | $62.32M | $-34.61M |
| Interest Expense | - | - | $9.88M | $35.00K |
| Other Income/Expense | $26.11M | $-32.82M | $-32.31M | $7.64M |
| Net Income | $104.48M | $-154.36M | $27.57M | $-27.03M |
| Basic EPS | 0.30 | -0.54 | 0.08 | -0.10 |
| Diluted EPS | 0.26 | -0.54 | 0.08 | -0.10 |
| Basic Shares Outstanding | $347.09M | $286.24M | $337.69M | $261.98M |
| Diluted Shares Outstanding | $403.18M | $286.24M | $389.07M | $261.98M |
Condensed Consolidated Balance Sheets
| Description | Sep 30, 2025 | Dec 31, 2024 |
|---|---|---|
| Cash & Cash Equivalents | $330.75M | $277.86M |
| Accounts Receivable | $26.54M | $27.12M |
| Other Current Assets | $47.08M | $40.29M |
| Total Current Assets | $528.59M | $599.48M |
| Property Plant & Equipment | $1.36B | $1.34B |
| Goodwill | $122.50M | $121.89M |
| Intangible Assets | $31.13M | $34.05M |
| Total Assets | $4.48B | $3.94B |
| Accounts Payable | $12.70M | $17.61M |
| Accrued Liabilities | $60.09M | $75.67M |
| Deferred Revenue | $18.21M | $9.64M |
| Total Current Liabilities | $358.55M | $160.38M |
| Long-term Debt | $586.50M | $584.31M |
| Other Non-current Liabilities | $25.00K | $6.19M |
| Total Liabilities | $974.07M | $791.62M |
| Common Stock | $4.17B | $3.83B |
| Retained Earnings | $-662.85M | $-690.42M |
| Total Stockholders Equity | $3.50B | $3.14B |
| Total Liabilities & Equity | $4.48B | $3.94B |
Condensed Consolidated Statements of Cash Flows
| Description | Sep 30, 2025 | Sep 30, 2025 | ||
|---|---|---|---|---|
| Current | Prior Year | Current YTD | Prior Year YTD | |
| Net Income | $104.48M | $-154.36M | $27.57M | $-27.03M |
| Depreciation & Amortization | $82.93M | $60.00M | $244.05M | $129.67M |
| Stock-based Compensation | - | - | $92.55M | $94.70M |
| Operating Cash Flow | - | - | $-467.40M | $-156.70M |
| Capital Expenditure | - | - | $118.92M | $182.13M |
| Acquisitions | - | - | - | $7.20M |
| Investing Cash Flow | - | - | $78.64M | $-726.19M |
| Stock Issued | - | - | $199.64M | $746.43M |
| Stock Repurchased | - | - | $3.24M | $11.48M |
| Financing Cash Flow | - | - | $443.82M | $714.10M |
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.