$718.95M
Revenue
$-38.55M
Net Income
89.63%
Gross Margin
-8.66%
Op. Margin
$164.62M
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 | $718.95M | $718.95M | $661.82M | $607.52M | $667.24M | $579.77M |
| Revenue Growth % | 0.0% | 8.6% | 8.9% | -8.9% | 15.1% | nan% |
| Cost of Revenue | $74.56M | $74.56M | $77.91M | $83.78M | $87.22M | $75.06M |
| Gross Profit | $644.39M | $644.39M | $583.91M | $523.74M | $580.02M | $504.71M |
| Gross Margin % | 89.6% | 89.6% | 88.2% | 86.2% | 86.9% | 87.1% |
| Operating Expenses | $781.24M | $781.24M | $580.15M | $612.79M | $621.11M | $493.75M |
| Research & Development | $106.23M | $106.23M | $108.80M | $91.59M | $74.55M | $90.47M |
| Selling General & Admin | $485.56M | $485.56M | $321.58M | $336.36M | $377.22M | $304.76M |
| Operating Income | $-62.28M | $-62.28M | $81.67M | $-5.27M | $46.12M | $86.03M |
| Operating Margin % | -8.7% | -8.7% | 12.3% | -0.9% | 6.9% | 14.8% |
| Interest Expense | - | - | - | $1.32M | $2.52M | $2.52M |
| Other Income/Expense | $13.25M | $13.25M | $16.20M | $8.04M | $14.62M | $-12.85M |
| Income Before Tax | $-49.03M | $-49.03M | $97.87M | $2.77M | $60.74M | $73.17M |
| Income Tax Expense | $-10.48M | $-10.48M | $24.00M | $1.45M | $32.00K | $19.75M |
| Net Income | $-38.55M | $-38.55M | $73.86M | $1.32M | $60.71M | $53.42M |
| Net Margin % | -5.4% | -5.4% | 11.2% | 0.2% | 9.1% | 9.2% |
| Basic EPS | -0.68 | -0.68 | 1.34 | 0.02 | 1.13 | 1.01 |
| Diluted EPS | -0.68 | -0.68 | 1.32 | 0.02 | 1.04 | 0.98 |
| Basic Shares Outstanding | - | 56.5M | 55.1M | 54.5M | 53.7M | 53.1M |
| Diluted Shares Outstanding | - | 56.5M | 56.0M | 55.5M | 61.7M | 54.4M |
| 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 | $128.45M | $69.33M | $75.05M | $93.12M | $203.43M |
| Short-term Investments | - | - | $179.82M | $368.21M | $136.25M |
| Accounts Receivable | $187.80M | $142.08M | $144.16M | $165.50M | $148.93M |
| Inventory | $112.48M | $54.29M | $77.41M | $91.54M | $85.96M |
| Other Current Assets | $65.33M | $36.09M | $16.68M | $15.78M | $27.02M |
| Total Current Assets | $644.18M | $686.07M | $493.11M | $734.15M | $601.59M |
| Property Plant & Equipment | $10.53M | $11.54M | $13.53M | - | - |
| Goodwill | $124.88M | $117.02M | $117.02M | $117.02M | $117.52M |
| Intangible Assets | $569.46M | $521.91M | $599.89M | $702.46M | $784.69M |
| Long-term Investments | - | - | $16.62M | $93.90M | $119.17M |
| Other Non-current Assets | $63.80M | $31.53M | $37.51M | $39.81M | $49.23M |
| Total Assets | $1.45B | $1.37B | $1.28B | $1.70B | $1.69B |
| Accounts Payable | $2.68M | $4.59M | - | - | - |
| Accrued Liabilities | $107.80M | $76.35M | - | - | - |
| Other Current Liabilities | $38.22M | - | $4.28M | $16.86M | $20.13M |
| Total Current Liabilities | $338.17M | $292.40M | $290.20M | $687.96M | $315.38M |
| Deferred Tax Liabilities | - | $4.96M | $24.96M | $49.81M | $85.36M |
| Other Non-current Liabilities | $22.19M | $7.60M | $6.42M | $8.69M | $16.38M |
| Total Liabilities | $390.93M | $332.34M | $356.16M | $816.30M | $873.30M |
| Common Stock | $57.00K | $56.00K | $55.00K | $54.00K | $53.00K |
| Retained Earnings | $517.88M | $556.43M | $482.56M | $481.25M | $379.92M |
| Total Stockholders Equity | $1.06B | $1.04B | $921.52M | $886.20M | $815.85M |
| Total Liabilities & Equity | $1.45B | $1.37B | $1.28B | $1.70B | $1.69B |
| 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 | $-38.55M | $-38.55M | $73.86M | $1.32M | $60.71M | $53.42M |
| Depreciation & Amortization | $153.69M | $91.56M | $80.41M | $84.86M | $85.54M | $32.59M |
| Stock-based Compensation | $56.69M | $33.05M | $27.75M | $26.76M | $17.57M | $17.91M |
| Deferred Income Tax | $-9.94M | $5.21M | $-20.14M | $-25.71M | $-26.32M | $-4.99M |
| Change in Receivables | $24.62M | $22.30M | $-2.08M | $-18.77M | $16.37M | $-3.87M |
| Change in Inventory | $-6.85M | $7.50M | $-15.81M | $-6.11M | $17.86M | $14.58M |
| Operating Cash Flow | $167.06M | $47.33M | $171.95M | $111.08M | $116.83M | $127.13M |
| Capital Expenditure | $2.45M | $1.34M | $725.00K | $551.00K | $412.00K | - |
| Acquisitions | - | $293.09M | - | - | - | $950.00K |
| Sales of Investments | $1.20B | $774.48M | $498.87M | $370.90M | $190.74M | - |
| Investing Cash Flow | $48.13M | $4.11M | $-189.87M | $268.73M | $-216.66M | $-81.91M |
| Stock Issued | $44.98M | $37.62M | $14.91M | $6.61M | $12.42M | $7.09M |
| Financing Cash Flow | $-32.73M | $9.13M | $12.19M | $-397.88M | $-10.48M | $-130.42M |
| Net Change in Cash | $182.46M | $60.57M | $-5.72M | $-18.07M | $-110.31M | $-85.21M |
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 | $192.10M | - | $507.38M | - |
| Cost of Revenue | $18.96M | - | $51.55M | - |
| Operating Expenses | $252.33M | - | $565.73M | - |
| Research & Development | $29.37M | - | $78.41M | - |
| Selling General & Admin | $179.68M | - | $363.17M | - |
| Operating Income | $-60.23M | - | $-58.35M | - |
| Other Income/Expense | $2.28M | - | $11.23M | - |
| Income Before Tax | $-57.95M | - | $-47.12M | - |
| Income Tax Expense | $-12.84M | - | $-12.67M | - |
| Net Income | $-45.12M | $19.92M | $-34.45M | - |
| Basic EPS | -0.80 | - | -0.61 | - |
| Diluted EPS | -0.80 | - | -0.61 | - |
| Basic Shares Outstanding | $56.55M | - | $56.13M | - |
| Diluted Shares Outstanding | $56.55M | - | $56.13M | - |
Condensed Consolidated Balance Sheets
| Description | Sep 30, 2025 | Dec 31, 2024 |
|---|---|---|
| Cash & Cash Equivalents | $151.37M | $69.33M |
| Accounts Receivable | $171.25M | $142.08M |
| Other Current Assets | $62.08M | $36.09M |
| Total Current Assets | $593.89M | $686.07M |
| Property Plant & Equipment | $10.63M | $11.54M |
| Goodwill | $119.08M | $117.02M |
| Intangible Assets | $623.48M | $521.91M |
| Other Non-current Assets | $62.43M | $31.53M |
| Total Assets | $1.42B | $1.37B |
| Other Current Liabilities | $26.32M | - |
| Total Current Liabilities | $330.63M | $292.40M |
| Deferred Tax Liabilities | - | $4.96M |
| Other Non-current Liabilities | $7.82M | $7.60M |
| Total Liabilities | $370.09M | $332.34M |
| Common Stock | $57.00K | $56.00K |
| Retained Earnings | $521.98M | $556.43M |
| Total Stockholders Equity | $1.05B | $1.04B |
| Total Liabilities & Equity | $1.42B | $1.37B |
Condensed Consolidated Statements of Cash Flows
| Description | Sep 30, 2025 | Sep 30, 2025 | ||
|---|---|---|---|---|
| Current | Prior Year | Current YTD | Prior Year YTD | |
| Net Income | $-45.12M | $19.92M | $-34.45M | - |
| Depreciation & Amortization | - | - | $66.55M | - |
| Stock-based Compensation | - | - | $23.40M | - |
| Deferred Income Tax | - | - | $-13.80M | - |
| Change in Receivables | - | - | $5.88M | - |
| Change in Inventory | - | - | $3.32M | - |
| Operating Cash Flow | - | - | $27.47M | - |
| Capital Expenditure | - | - | $911.00K | - |
| Acquisitions | - | - | $293.09M | - |
| Sales of Investments | - | - | $735.16M | - |
| Investing Cash Flow | - | - | $55.42M | - |
| Stock Issued | - | - | $29.06M | - |
| Financing Cash Flow | - | - | $604.00K | - |
| Net Change in Cash | - | - | $83.49M | - |
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.