$718.95M
Revenue
$-38.55M
Net Income
89.63%
Gross Margin
-8.66%
Op. Margin
$164.62M
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 | $211.57M | $192.10M | $165.45M | $149.82M | $174.16M | $175.69M | $168.32M | $143.64M | $164.31M | $153.88M | $135.56M | $153.76M | $167.33M | $177.35M |
| Revenue Growth % (YoY) | 21.5% | 9.3% | -1.7% | 4.3% | 6.0% | 14.2% | 24.2% | -6.6% | -1.8% | -13.2% | nan% | nan% | nan% | nan% |
| Cost of Revenue | $23.01M | $18.96M | $16.83M | $15.76M | $26.10M | $17.58M | $17.92M | $16.31M | $19.63M | $19.60M | $21.09M | $23.46M | $22.95M | $25.88M |
| Gross Profit | $188.56M | $173.14M | $148.63M | $134.06M | $148.06M | $158.11M | $150.41M | $127.33M | $144.69M | $134.28M | $114.47M | $130.30M | $144.37M | $151.47M |
| Gross Margin % | 89.1% | 90.1% | 89.8% | 89.5% | 85.0% | 90.0% | 89.4% | 88.6% | 88.1% | 87.3% | 84.4% | 84.7% | 86.3% | 85.4% |
| Operating Expenses | $215.51M | $252.33M | $153.31M | $160.08M | $152.75M | $134.84M | $145.76M | $146.80M | $165.31M | $145.74M | $153.15M | $148.59M | $132.99M | $178.88M |
| Research & Development | $27.83M | $29.37M | $22.11M | $26.93M | $28.65M | $29.04M | $26.18M | $24.93M | $23.35M | $22.66M | $24.38M | $21.21M | $17.77M | $19.55M |
| Selling General & Admin | $122.39M | $179.68M | $93.55M | $89.94M | $79.41M | $69.75M | $85.90M | $86.52M | $81.28M | $82.70M | $86.78M | $85.60M | $73.97M | $112.31M |
| Operating Income | $-3.94M | $-60.23M | $12.14M | $-10.26M | $21.41M | $40.84M | $22.57M | $-3.15M | $-996.00K | $8.14M | $-17.59M | $5.18M | $34.33M | $-1.52M |
| Operating Margin % | -1.9% | -31.4% | 7.3% | -6.8% | 12.3% | 23.2% | 13.4% | -2.2% | -0.6% | 5.3% | -13.0% | 3.4% | 20.5% | -0.9% |
| Interest Expense | - | - | - | - | - | - | - | - | $-1.09M | - | $910.00K | $1.50M | - | $1.72M |
| Other Income/Expense | $2.02M | $2.28M | $4.53M | $4.42M | $4.98M | $4.10M | $3.73M | $3.40M | $-429.00K | $1.75M | $1.37M | $5.35M | $-4.67M | $2.80M |
| Income Before Tax | $-1.91M | $-57.95M | $16.67M | $-5.83M | $26.38M | $44.94M | $26.30M | $243.00K | $990.00K | $9.89M | $-17.13M | $9.02M | $35.14M | $-444.00K |
| Income Tax Expense | $2.19M | $-12.84M | $-5.83M | $6.00M | $11.05M | $6.45M | $6.39M | $119.00K | $-185.00K | $25.86M | $-16.30M | $-7.93M | $9.66M | $-2.19M |
| Net Income | $-4.11M | $-45.12M | $22.50M | $-11.83M | $15.33M | $38.50M | $19.92M | $124.00K | $1.18M | $-15.98M | $-831.00K | $16.95M | $25.48M | $1.75M |
| Net Margin % | -1.9% | -23.5% | 13.6% | -7.9% | 8.8% | 21.9% | 11.8% | 0.1% | 0.7% | -10.4% | -0.6% | 11.0% | 15.2% | 1.0% |
| Basic EPS | -0.07 | -0.80 | 0.40 | -0.21 | 0.28 | 0.70 | 0.36 | 0.00 | 0.02 | -0.29 | -0.02 | 0.31 | 0.47 | 0.03 |
| Diluted EPS | -0.07 | -0.80 | 0.40 | -0.21 | 0.27 | 0.69 | 0.36 | 0.00 | 0.02 | -0.29 | -0.02 | 0.29 | 0.42 | 0.03 |
| Basic Shares Outstanding | - | 56.6M | 56.0M | 55.9M | 123K | 55.1M | 55.0M | 54.8M | 38K | 54.6M | 54.5M | 54.4M | 147K | 53.8M |
| Diluted Shares Outstanding | - | 56.6M | 56.6M | 55.9M | 167K | 56.0M | 55.7M | 55.6M | -68K | 54.6M | 54.5M | 62.5M | 137K | 55.0M |
| 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 | $128.45M | $151.37M | $144.71M | $115.85M | $69.33M | $31.67M | $52.09M | $63.40M | $75.05M | $94.98M | $24.71M | $58.44M | $93.12M | $111.49M |
| Short-term Investments | - | - | - | - | - | - | - | - | $179.82M | - | - | - | $368.21M | $280.30M |
| Accounts Receivable | $187.80M | $171.25M | $140.83M | $145.64M | $142.08M | $145.41M | $152.49M | $147.73M | $144.16M | $141.76M | $136.56M | $143.57M | $165.50M | $164.09M |
| Inventory | $112.48M | - | $44.02M | $49.42M | $54.29M | $63.98M | $68.16M | $75.08M | $77.41M | $83.48M | $90.56M | $91.15M | $91.54M | $83.17M |
| Other Current Assets | $65.33M | $62.08M | $31.42M | $28.93M | $36.09M | $27.40M | $23.17M | $23.77M | $16.68M | $23.93M | $44.77M | $16.30M | $15.78M | $24.85M |
| Total Current Assets | $644.18M | $593.89M | $738.87M | $687.58M | $686.07M | $640.00M | $591.00M | $544.32M | $493.11M | $449.36M | $423.54M | $883.34M | $734.15M | $663.89M |
| Property Plant & Equipment | $10.53M | $10.63M | $11.07M | $11.34M | $11.54M | $11.88M | $12.27M | $12.97M | $13.53M | $13.69M | $14.19M | $14.61M | - | - |
| Goodwill | $124.88M | $119.08M | $117.02M | $117.02M | $117.02M | $117.02M | $117.02M | $117.02M | $117.02M | $117.02M | $117.02M | $117.02M | $117.02M | $117.38M |
| Intangible Assets | $569.46M | $623.48M | $481.31M | $502.13M | $521.91M | $540.16M | $559.64M | $579.75M | $599.89M | $641.15M | $662.39M | $682.50M | $702.46M | $722.76M |
| Long-term Investments | - | - | - | - | - | - | - | - | $16.62M | - | - | - | $93.90M | $131.94M |
| Other Non-current Assets | $63.80M | $62.43M | $27.96M | $29.22M | $31.53M | $33.65M | $35.89M | $38.37M | $37.51M | $38.82M | $38.49M | $40.18M | $39.81M | $41.29M |
| Total Assets | $1.45B | $1.42B | $1.38B | $1.35B | $1.37B | $1.34B | $1.32B | $1.30B | $1.28B | $1.29B | $1.29B | $1.79B | $1.70B | $1.69B |
| Accounts Payable | $2.68M | - | - | - | $4.59M | - | - | - | - | - | - | - | - | - |
| Accrued Liabilities | $107.80M | - | - | - | $76.35M | - | - | - | - | - | - | - | - | - |
| Other Current Liabilities | $38.22M | $26.32M | $27.70M | $4.75M | - | - | $3.62M | $9.55M | $4.28M | $710.00K | - | $7.49M | $16.86M | $8.19M |
| Total Current Liabilities | $338.17M | $330.63M | $286.36M | $281.77M | $292.40M | $291.51M | $308.66M | $314.55M | $290.20M | $287.53M | $252.59M | $731.54M | $687.96M | $725.99M |
| Long-term Debt | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Deferred Tax Liabilities | - | - | - | $981.00K | $4.96M | $7.36M | $11.44M | $19.50M | $24.96M | $35.22M | $44.30M | $49.67M | $49.81M | $58.16M |
| Other Non-current Liabilities | $22.19M | $7.82M | $7.76M | $7.46M | $7.60M | $7.35M | $7.29M | $6.90M | $6.42M | $8.60M | $8.73M | $8.61M | $8.69M | $10.37M |
| Total Liabilities | $390.93M | $370.09M | $318.50M | $316.58M | $332.34M | $335.55M | $358.38M | $374.92M | $356.16M | $372.97M | $373.19M | $879.66M | $816.30M | $840.33M |
| Common Stock | $57.00K | $57.00K | $56.00K | $56.00K | $56.00K | $55.00K | $55.00K | $55.00K | $55.00K | $55.00K | $55.00K | $54.00K | $54.00K | $54.00K |
| Retained Earnings | $517.88M | $521.98M | $567.10M | $544.60M | $556.43M | $541.10M | $502.60M | $482.69M | $482.56M | $481.39M | $497.36M | $498.19M | $481.25M | $455.76M |
| Total Stockholders Equity | $1.06B | $1.05B | $1.06B | $1.03B | $1.04B | $1.01B | $957.45M | $929.17M | $921.52M | $912.19M | $919.91M | $912.15M | $886.20M | $852.80M |
| Total Liabilities & Equity | $1.45B | $1.42B | $1.38B | $1.35B | $1.37B | $1.34B | $1.32B | $1.30B | $1.28B | $1.29B | $1.29B | $1.79B | $1.70B | $1.69B |
| 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 | $-4.11M | $-45.12M | $22.50M | $-11.83M | $15.33M | $38.50M | $20.04M | $124.00K | $1.18M | $-15.98M | $16.12M | $16.95M | $25.48M | $35.23M |
| Depreciation & Amortization | $25.02M | $66.55M | $41.74M | $20.38M | $18.84M | $61.57M | $41.47M | $20.75M | $21.68M | $63.18M | $41.33M | $20.60M | $20.85M | $64.69M |
| Stock-based Compensation | $9.65M | $23.40M | $15.57M | $8.07M | $7.63M | $20.12M | $12.45M | $5.90M | $6.45M | $20.31M | $12.39M | $6.31M | $4.26M | $13.31M |
| Deferred Income Tax | $19.00M | $-13.80M | $-11.15M | $-3.99M | $-72.00K | $-20.06M | $-13.60M | $-5.48M | $-10.46M | $-15.26M | $-5.99M | $-435.00K | $-7.76M | $-18.56M |
| Change in Receivables | $16.42M | $5.88M | $-1.25M | $3.56M | $-3.33M | $1.25M | $8.34M | $3.58M | $2.39M | $-21.16M | $-26.36M | $-21.97M | $1.41M | $14.96M |
| Change in Inventory | $4.18M | $3.32M | $-9.62M | $-4.73M | $-3.19M | $-12.62M | $-8.02M | $-1.99M | $-5.03M | $-1.08M | $5.83M | $1.85M | $11.55M | $6.30M |
| Operating Cash Flow | $19.86M | $27.47M | $89.13M | $30.60M | $44.41M | $127.55M | $74.03M | $38.40M | $44.96M | $66.13M | $30.25M | $49.13M | $27.56M | $89.26M |
| Capital Expenditure | $427.00K | $911.00K | $782.00K | $327.00K | $213.00K | $512.00K | $312.00K | $248.00K | $-36.00K | $587.00K | $437.00K | $278.00K | $-10.00K | - |
| Acquisitions | - | $293.09M | - | - | - | - | - | - | - | - | - | - | - | - |
| Purchases of Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | $340.67M |
| Sales of Investments | $39.32M | $735.16M | $266.61M | $156.20M | $132.98M | $365.89M | $217.77M | - | $35.60M | - | - | - | - | - |
| Investing Cash Flow | $-51.31M | $55.42M | $6.71M | $37.32M | $-12.64M | $-177.23M | $-100.22M | $-51.62M | $-65.98M | $334.71M | $300.08M | $239.78M | $-48.77M | $-167.90M |
| Stock Issued | $8.56M | $29.06M | $5.32M | $2.04M | $6.88M | $8.03M | $4.57M | $2.91M | $3.08M | $3.53M | $3.76M | $1.81M | $2.83M | $9.59M |
| Financing Cash Flow | $8.53M | $604.00K | $-20.46M | $-21.40M | $5.89M | $6.30M | $3.23M | $1.57M | $1.09M | $-398.97M | $-398.74M | $80.17M | $2.83M | $-13.31M |
| Net Change in Cash | $-22.92M | $83.49M | $75.38M | $46.52M | $37.66M | $-43.38M | $-22.96M | $-11.65M | $-19.93M | $1.86M | $-68.41M | $369.08M | $-18.37M | $-91.94M |
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-Q filings.
Quarterly data represents single quarter results (Q1-Q4). Some items may show year-to-date values if quarterly breakdown is unavailable.