$1.10B
Revenue
$-179.84M
Net Income
30.43%
Gross Margin
10.54%
Op. Margin
$-49.31M
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 | $1.10B | $1.10B | $1.17B | $1.37B | $1.24B | $805.41M |
| Revenue Growth % | 0.0% | -5.8% | -14.3% | 10.2% | 54.1% | nan% |
| Cost of Revenue | $768.27M | $768.27M | $815.36M | $925.44M | $835.99M | $576.81M |
| Gross Profit | $336.12M | $336.12M | $357.10M | $442.10M | $404.87M | $228.60M |
| Gross Margin % | 30.4% | 30.4% | 30.5% | 32.3% | 32.6% | 28.4% |
| Operating Expenses | $1.11B | $1.11B | $1.17B | $1.25B | $1.16B | $932.03M |
| Operating Income | $116.42M | $116.42M | $259.21M | $130.44M | $76.25M | $-125.17M |
| Operating Margin % | 10.5% | 10.5% | 22.1% | 9.5% | 6.1% | -15.5% |
| Interest Expense | $256.23M | $256.23M | $273.36M | $366.15M | $227.00M | $156.12M |
| Interest Income | $4.74M | $4.74M | $6.94M | $8.98M | $4.78M | $207.00K |
| Other Income/Expense | - | - | $108.00K | $310.00K | $415.00K | $760.00K |
| Income Before Tax | $-188.30M | $-188.30M | $-64.01M | $-179.83M | $-134.72M | $-265.10M |
| Income Tax Expense | $-143.00K | $-143.00K | $997.00K | $900.00K | $6.34M | $5.95M |
| Net Income | $-179.84M | $-179.84M | $-60.30M | $-178.49M | $-139.82M | $-267.00M |
| Net Margin % | -16.3% | -16.3% | -5.1% | -13.1% | -11.3% | -33.2% |
| Basic EPS | -35.75 | -35.99 | -17.54 | -5.61 | -4.46 | -12.37 |
| Diluted EPS | -35.75 | -35.99 | -17.54 | -5.61 | -4.46 | -12.43 |
| Basic Shares Outstanding | - | 6.0M | 4.7M | 34.5M | 34.3M | 21.6M |
| Diluted Shares Outstanding | - | 6.0M | 4.7M | 34.5M | 34.3M | 21.8M |
| 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 | $66.14M | $112.91M | $165.23M | $417.06M | $592.11M |
| Inventory | $3.60M | $3.63M | $3.68M | $3.86M | $3.29M |
| Intangible Assets | $797.00K | $797.00K | $797.00K | $797.00K | $797.00K |
| Total Assets | $2.83B | $3.16B | $3.46B | $3.92B | $4.10B |
| Deferred Revenue | $26.70M | $25.30M | - | - | - |
| Long-term Debt | $2.53B | $2.63B | $3.40B | $3.84B | $3.89B |
| Total Liabilities | $3.21B | $3.37B | $3.69B | $4.04B | $4.08B |
| Common Stock | $65.00K | $56.00K | $374.00K | $345.00K | $345.00K |
| Retained Earnings | $-3.03B | $-2.81B | $-2.73B | $-2.53B | $-2.38B |
| Total Stockholders Equity | $-626.35M | $-419.24M | $-345.90M | $-150.39M | $-2.65M |
| Total Liabilities & Equity | $2.83B | $3.16B | $3.46B | $3.92B | $4.10B |
| 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 | $-199.81M | $-179.84M | $-60.30M | $-178.49M | $-139.82M | $-267.00M |
| Depreciation & Amortization | $251.25M | $141.29M | $152.78M | $187.81M | $201.80M | $218.85M |
| Stock-based Compensation | $-648.00K | $-761.00K | $2.10M | $4.03M | $6.00M | $10.03M |
| Deferred Income Tax | - | $-242.00K | $11.00K | $-28.00K | - | - |
| Operating Cash Flow | $-49.31M | $-15.67M | $-23.59M | $14.39M | $39.22M | $-144.19M |
| Acquisitions | - | - | - | - | - | - |
| Investing Cash Flow | $396.08M | $190.76M | $191.28M | $-89.75M | $-70.33M | $-34.04M |
| Debt Repayment | $1.78B | $709.17M | $388.34M | $396.95M | $50.90M | $189.59M |
| Stock Issued | - | - | $8.78M | $1.03M | - | $562.83M |
| Stock Repurchased | - | $44.00K | $49.00K | $90.00K | $316.00K | $46.00K |
| Dividends Paid | $41.22M | $23.96M | $20.36M | $14.94M | $12.42M | $18.62M |
| Financing Cash Flow | $-310.96M | $-179.17M | $-258.75M | $-172.13M | $-101.51M | $702.56M |
| Net Change in Cash | $35.80M | $-4.08M | $-91.06M | $-247.49M | $-132.62M | $524.33M |
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 | $266.06M | $276.60M | $845.42M | $896.98M |
| Cost of Revenue | $193.27M | $194.83M | $580.58M | $613.17M |
| Operating Expenses | $280.30M | $267.55M | $807.33M | $839.97M |
| Operating Income | $12.22M | $20.17M | $123.05M | $308.17M |
| Interest Expense | $62.88M | $66.83M | $200.37M | $209.20M |
| Interest Income | $1.20M | $1.77M | $3.67M | $5.44M |
| Other Income/Expense | - | $36.00K | - | $108.00K |
| Income Before Tax | $-62.47M | $-59.57M | $-116.67M | $67.40M |
| Income Tax Expense | $259.00K | $-445.00K | $695.00K | $3.31M |
| Net Income | $-60.15M | $-57.91M | $-110.52M | $63.91M |
| Basic EPS | -11.35 | -12.39 | -23.38 | 10.94 |
| Diluted EPS | -11.35 | -12.39 | -23.38 | 3.12 |
| Basic Shares Outstanding | $6.08M | $5.10M | $5.85M | $4.42M |
| Diluted Shares Outstanding | $6.08M | $5.10M | $5.85M | $18.77M |
Condensed Consolidated Balance Sheets
| Description | Sep 30, 2025 | Dec 31, 2024 |
|---|---|---|
| Cash & Cash Equivalents | $81.90M | $112.91M |
| Inventory | $3.75M | $3.63M |
| Total Assets | $3.01B | $3.16B |
| Long-term Debt | $2.61B | $2.63B |
| Total Liabilities | $3.31B | $3.37B |
| Common Stock | $62.00K | $56.00K |
| Retained Earnings | $-2.95B | $-2.81B |
| Total Stockholders Equity | $-548.74M | $-419.24M |
| Total Liabilities & Equity | $3.01B | $3.16B |
Condensed Consolidated Statements of Cash Flows
| Description | Sep 30, 2025 | Sep 30, 2025 | ||
|---|---|---|---|---|
| Current | Prior Year | Current YTD | Prior Year YTD | |
| Net Income | $-60.15M | $-57.91M | $-110.52M | $63.91M |
| Depreciation & Amortization | $34.59M | $37.74M | $107.20M | $115.47M |
| Stock-based Compensation | - | - | $-537.00K | $1.53M |
| Operating Cash Flow | - | - | $-3.16M | $-37.69M |
| Investing Cash Flow | - | - | $133.13M | $211.86M |
| Debt Repayment | - | - | $634.99M | $336.49M |
| Stock Issued | - | - | - | $8.85M |
| Stock Repurchased | - | - | $4.00K | $49.00K |
| Dividends Paid | - | - | $17.73M | $14.70M |
| Financing Cash Flow | - | - | $-101.62M | $-251.76M |
| Net Change in Cash | - | - | $28.36M | $-77.59M |
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.