$2.09B
Revenue
$-121.28M
Net Income
6.55%
Gross Margin
-3.22%
Op. Margin
$-22.18M
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 | $2.09B | $2.09B | $2.46B | $3.30B | $3.66B | $2.83B |
| Revenue Growth % | 0.0% | -14.9% | -25.4% | -10.0% | 29.6% | nan% |
| Cost of Revenue | $1.95B | $1.95B | $2.33B | $3.10B | $3.53B | $2.63B |
| Gross Profit | $136.93M | $136.93M | $130.45M | $164.75M | - | - |
| Gross Margin % | 6.5% | 6.5% | 5.3% | 5.0% | nan% | nan% |
| Operating Expenses | $2.16B | $2.16B | $2.51B | $3.36B | $3.76B | $2.80B |
| Selling General & Admin | $122.71M | $122.71M | $118.05M | $133.35M | $118.93M | $91.14M |
| Operating Income | $-67.25M | $-67.25M | $-47.46M | $-61.58M | $-98.95M | $25.51M |
| Operating Margin % | -3.2% | -3.2% | -1.9% | -1.9% | -2.7% | 0.9% |
| Interest Expense | $61.48M | $35.15M | $31.31M | $37.70M | $32.64M | $67.14M |
| Interest Income | $4.18M | $4.18M | $7.56M | $11.71M | $5.28M | $575.00K |
| Other Income/Expense | $-4.08M | $-4.08M | $1.70M | $5.22M | $27.61M | $-1.94M |
| Income Before Tax | $-143.82M | $-143.82M | $-71.30M | $-82.35M | $-98.70M | $-43.00M |
| Income Tax Expense | $-51.75M | $-51.75M | $6.21M | $-5.62M | $4.75M | $1.84M |
| Net Income | $-121.28M | $-121.28M | $-82.50M | $-93.38M | $-127.22M | $-65.99M |
| Net Margin % | -5.8% | -5.8% | -3.4% | -2.8% | -3.5% | -2.3% |
| Basic EPS | nan | -1.80 | -1.29 | -1.59 | nan | nan |
| Diluted EPS | nan | -1.80 | -1.29 | -1.59 | nan | nan |
| Basic Shares Outstanding | - | 67.5M | 63.8M | 58.8M | 55.5M | 46.7M |
| Diluted Shares Outstanding | - | 67.5M | 63.8M | 58.8M | 55.5M | 46.7M |
| 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 | $182.32M | $173.04M | $349.57M | $444.66M | $426.22M |
| Short-term Investments | - | - | - | - | $124.86M |
| Accounts Receivable | $74.37M | $94.90M | $94.45M | $108.61M | $119.96M |
| Other Current Assets | $18.12M | $27.14M | $23.12M | $19.84M | $16.48M |
| Total Current Assets | $482.21M | $569.03M | $732.73M | $928.75M | $1.12B |
| Property Plant & Equipment | $957.26M | $1.04B | $1.02B | $1.03B | $893.52M |
| Intangible Assets | $10.48M | $12.67M | - | - | - |
| Other Non-current Assets | $41.24M | $98.52M | $110.67M | $91.81M | $84.45M |
| Total Assets | $1.58B | $1.78B | $1.94B | $2.12B | $2.16B |
| Accounts Payable | $134.91M | $154.82M | $186.64M | $234.30M | $146.06M |
| Short-term Debt | $33.58M | $140.83M | $105.97M | $137.68M | $173.42M |
| Accrued Liabilities | $66.83M | $53.71M | $57.03M | $44.44M | $56.98M |
| Total Current Liabilities | $268.71M | $385.69M | $384.96M | $486.92M | $471.80M |
| Long-term Debt | $374.49M | $432.46M | $491.92M | $495.24M | $514.01M |
| Other Non-current Liabilities | $27.86M | $40.30M | $18.51M | $24.39M | $22.13M |
| Total Liabilities | $806.42M | $907.64M | $949.27M | $1.06B | $1.06B |
| Common Stock | $76.00K | $68.00K | $62.00K | $62.00K | $62.00K |
| Retained Earnings | $-439.58M | $-318.30M | $-235.80M | $-142.42M | $-15.20M |
| Treasury Stock | $61.47M | $31.17M | $31.17M | $31.17M | $91.63M |
| Total Stockholders Equity | $766.25M | $865.22M | $843.73M | $910.03M | $950.50M |
| Total Liabilities & Equity | $1.58B | $1.78B | $1.94B | $2.12B | $2.16B |
| 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 | $-194.18M | $-121.28M | $-82.50M | $-93.38M | $-127.22M | $-65.99M |
| Depreciation & Amortization | $170.77M | $98.43M | $90.59M | $98.24M | $92.70M | $91.95M |
| Stock-based Compensation | $37.09M | $17.12M | $8.27M | $13.03M | $9.07M | $6.06M |
| Deferred Income Tax | $-49.67M | $-52.98M | $3.94M | $-6.86M | $4.51M | $1.23M |
| Change in Receivables | $-33.50M | $-19.27M | $455.00K | $-14.16M | $-8.52M | $64.09M |
| Change in Inventory | $-174.30M | $-66.66M | $12.74M | $-53.47M | $23.43M | $20.54M |
| Operating Cash Flow | $59.58M | $110.86M | $-29.96M | $56.35M | $69.71M | $4.25M |
| Capital Expenditure | $81.76M | $37.20M | $95.08M | $108.09M | $212.37M | $187.19M |
| Acquisitions | - | - | - | - | - | - |
| Purchases of Investments | - | - | - | - | - | $124.86M |
| Investing Cash Flow | $109.08M | $162.13M | $-62.05M | $-106.90M | $-105.25M | $-236.28M |
| Stock Issued | - | - | - | - | - | $355.98M |
| Stock Repurchased | - | $30.00M | - | - | - | - |
| Dividends Paid | - | $721.00K | $5.17M | $22.73M | $22.55M | $9.25M |
| Financing Cash Flow | $-287.39M | $-252.26M | $-77.35M | $-70.96M | $-25.14M | $518.19M |
| Net Change in Cash | $-118.73M | $20.74M | $-169.37M | $-121.51M | $-60.68M | $286.15M |
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 | $508.49M | - | $1.66B | - |
| Cost of Revenue | $456.32M | - | $1.57B | - |
| Operating Expenses | $474.62M | - | $1.72B | - |
| Selling General & Admin | $29.34M | - | $99.85M | - |
| Operating Income | $33.87M | - | $-56.75M | - |
| Interest Expense | $47.76M | - | $33.00M | - |
| Interest Income | $1.09M | - | $2.73M | - |
| Other Income/Expense | $-2.67M | - | $-4.23M | - |
| Income Before Tax | $-15.48M | - | $-128.83M | - |
| Income Tax Expense | $-25.64M | - | $-23.24M | - |
| Net Income | $11.93M | $-24.04M | $-133.22M | - |
| Basic EPS | 0.17 | - | -1.99 | - |
| Diluted EPS | 0.17 | - | -1.99 | - |
| Basic Shares Outstanding | $69.86M | - | $66.83M | - |
| Diluted Shares Outstanding | $77.87M | - | $66.83M | - |
Condensed Consolidated Balance Sheets
| Description | Sep 30, 2025 | Dec 31, 2024 |
|---|---|---|
| Cash & Cash Equivalents | $135.90M | $173.04M |
| Accounts Receivable | $84.94M | $94.90M |
| Other Current Assets | $16.08M | $27.14M |
| Total Current Assets | $446.59M | $569.03M |
| Property Plant & Equipment | $958.26M | $1.04B |
| Other Non-current Assets | $42.02M | $98.52M |
| Total Assets | $1.53B | $1.78B |
| Accounts Payable | $90.43M | $154.82M |
| Short-term Debt | $45.00M | $140.83M |
| Accrued Liabilities | $59.08M | $53.71M |
| Total Current Liabilities | $266.09M | $385.69M |
| Long-term Debt | $306.37M | $432.46M |
| Other Non-current Liabilities | $27.90M | $22.38M |
| Total Liabilities | $757.53M | $907.64M |
| Common Stock | $75.00K | $68.00K |
| Retained Earnings | $-451.52M | $-318.30M |
| Total Stockholders Equity | $768.92M | $865.22M |
| Total Liabilities & Equity | $1.53B | $1.78B |
Condensed Consolidated Statements of Cash Flows
| Description | Sep 30, 2025 | Sep 30, 2025 | ||
|---|---|---|---|---|
| Current | Prior Year | Current YTD | Prior Year YTD | |
| Net Income | $11.93M | $-24.04M | $-133.22M | - |
| Depreciation & Amortization | $24.97M | - | $74.92M | - |
| Stock-based Compensation | - | - | $13.73M | - |
| Deferred Income Tax | - | - | $-20.54M | - |
| Change in Receivables | - | - | $-9.96M | - |
| Change in Inventory | - | - | $-89.81M | - |
| Operating Cash Flow | - | - | $43.52M | - |
| Capital Expenditure | - | - | $31.86M | - |
| Investing Cash Flow | - | - | $170.98M | - |
| Financing Cash Flow | - | - | $-212.27M | - |
| Net Change in Cash | - | - | $2.23M | - |
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.