$4.85B
Revenue
$-632.40M
Net Income
-
Gross Margin
-0.36%
Op. Margin
$-1.11B
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) |
FY 2020 (Dec 31, 2020) |
FY 2019 (Dec 31, 2019) |
FY 2018 (Dec 31, 2018) |
FY 2017 (Dec 31, 2017) |
FY 2016 (Dec 31, 2016) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | $4.85B | $4.85B | $4.64B | $4.81B | $3.91B | $2.53B | $1.24B | $5.47B | $5.46B | $5.08B | $3.24B |
| Revenue Growth % | 0.0% | 4.6% | -3.6% | 23.0% | 54.7% | 103.5% | -77.3% | 0.2% | 7.5% | 57.0% | nan% |
| Cost of Revenue | - | - | $3.09B | $1.61B | $1.28B | $745.60M | $411.50M | $3.96B | $3.96B | $3.71B | $1.09B |
| Gross Profit | - | - | $1.55B | $3.21B | $2.63B | $1.78B | $830.90M | $1.52B | $1.50B | $1.37B | $2.15B |
| Gross Margin % | nan% | nan% | 33.4% | 66.6% | 67.3% | 70.5% | 66.9% | 27.7% | 27.4% | 26.9% | 66.3% |
| Operating Expenses | $14.60M | $14.60M | $5.40M | $2.50M | $4.43B | $3.46B | $5.35B | $5.33B | $5.20B | $4.98B | $3.02B |
| Operating Income | $-17.40M | $-17.40M | $-79.30M | $-74.30M | $-522.30M | $-930.00M | $-4.10B | $136.00M | $265.00M | $101.80M | $212.86M |
| Operating Margin % | -0.4% | -0.4% | -1.7% | -1.5% | -13.4% | -36.8% | -330.2% | 2.5% | 4.9% | 2.0% | 6.6% |
| Interest Expense | $459.50M | $459.50M | $401.80M | $369.60M | $336.40M | $414.90M | $311.00M | $292.80M | $262.30M | $231.60M | $110.73M |
| Interest Income | - | $8.00M | $19.20M | $15.40M | - | - | - | - | - | - | - |
| Other Income/Expense | $-112.40M | $-112.40M | $156.20M | $69.10M | $-53.60M | $87.90M | $-28.90M | $-13.40M | $108.10M | $1.70M | $446.00K |
| Income Before Tax | $-627.90M | $-627.90M | $-350.50M | $-393.20M | $-971.10M | $-1.28B | $-4.53B | $-171.60M | $123.70M | $-333.10M | $149.64M |
| Income Tax Expense | $4.50M | $4.50M | $2.10M | $3.40M | $2.50M | $-10.20M | $59.90M | $-22.50M | $13.60M | $154.10M | $37.97M |
| Net Income | $-632.40M | $-632.40M | $-352.60M | $-396.60M | $-973.60M | $-1.27B | $-4.59B | $-149.10M | $110.10M | $-487.20M | $111.70M |
| Net Margin % | -13.0% | -13.0% | -7.6% | -8.2% | -24.9% | -50.2% | -369.4% | -2.7% | 2.0% | -9.6% | 3.5% |
| Basic EPS | -1.30 | -1.34 | -1.06 | -2.37 | -0.93 | -1.33 | -39.15 | -1.44 | 0.91 | -3.80 | 1.13 |
| Diluted EPS | -1.30 | -1.34 | -1.06 | -2.37 | -0.93 | -1.33 | -39.15 | -1.44 | 0.41 | -3.80 | 1.13 |
| Basic Shares Outstanding | - | 472.9M | 332.9M | 167.6M | 1.05B | 954.8M | 117.2M | 103.8M | 120.6M | 128.2M | 98.8M |
| Diluted Shares Outstanding | - | 472.9M | 332.9M | 167.6M | 1.05B | 954.8M | 117.2M | 103.8M | 130.1M | 128.2M | 98.9M |
| 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) |
FY 2020 (Dec 31, 2020) |
FY 2019 (Dec 31, 2019) |
FY 2018 (Dec 31, 2018) |
FY 2017 (Dec 31, 2017) |
FY 2016 (Dec 31, 2016) |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Cash Equivalents | $428.50M | $632.30M | $884.30M | $631.50M | $1.59B | $308.30M | $265.00M | $313.30M | $310.00M | $207.07M |
| Accounts Receivable | $156.00M | $168.10M | $203.70M | $166.60M | $168.50M | $91.00M | $254.20M | $259.50M | $271.50M | $213.67M |
| Other Current Assets | $97.20M | $98.30M | $88.00M | $81.10M | $81.50M | $74.60M | $143.40M | $197.80M | $202.60M | $262.90M |
| Total Current Assets | $730.50M | $947.20M | $1.20B | $902.10M | $1.87B | $487.00M | $673.10M | $781.30M | $872.40M | $683.64M |
| Property Plant & Equipment | $1.34B | $1.41B | - | - | - | - | $2.65B | $3.04B | $3.12B | $3.04B |
| Goodwill | $2.42B | $2.30B | $2.36B | $2.34B | $2.43B | $2.55B | $4.79B | $4.79B | $4.93B | $3.93B |
| Intangible Assets | $147.40M | $144.30M | $146.70M | $147.30M | $153.40M | $163.20M | $195.30M | $352.10M | $380.50M | $365.14M |
| Other Non-current Assets | $212.30M | $192.50M | $195.80M | $222.10M | $249.00M | $304.60M | $503.00M | $505.50M | $475.90M | $533.79M |
| Total Assets | $8.02B | $8.25B | $9.01B | $9.14B | $10.82B | $10.28B | $13.68B | $9.50B | $9.81B | $8.64B |
| Accounts Payable | $382.90M | $378.30M | $320.50M | $330.50M | $377.10M | $298.80M | $543.30M | $452.60M | $569.60M | $501.76M |
| Deferred Revenue | - | - | - | - | - | - | - | - | $401.00M | $277.24M |
| Other Current Liabilities | $79.30M | $71.60M | - | - | - | - | - | - | - | - |
| Total Current Liabilities | $1.77B | $1.74B | $1.63B | $1.69B | $1.79B | $1.58B | $1.93B | $1.33B | $1.41B | $1.19B |
| Long-term Debt | $4.02B | $4.01B | $4.55B | $5.12B | $5.41B | $5.70B | $4.73B | $4.71B | $4.22B | $3.75B |
| Deferred Tax Liabilities | $35.70M | $33.90M | $32.40M | $32.10M | $31.30M | $40.50M | $46.00M | $41.60M | $49.60M | $20.96M |
| Other Non-current Liabilities | $95.20M | $81.90M | $102.70M | $105.10M | $165.00M | $241.30M | $195.90M | $963.10M | $903.80M | $706.56M |
| Total Liabilities | $9.91B | $10.01B | $10.86B | $11.76B | $12.61B | $13.13B | $12.46B | $8.10B | $7.69B | $6.63B |
| Common Stock | $5.10M | $4.10M | $2.60M | $5.20M | $5.10M | - | - | - | - | - |
| Retained Earnings | $-8.98B | $-8.35B | $-7.99B | $-7.60B | $-6.62B | $-5.34B | $-706.20M | $-550.90M | $-207.90M | $384.40M |
| Total Stockholders Equity | $-1.89B | $-1.76B | $-1.85B | $-2.62B | $-1.79B | $-2.89B | $1.21B | $1.40B | $2.11B | $2.01B |
| Total Liabilities & Equity | $8.02B | $8.25B | $9.01B | $9.14B | $10.82B | $10.28B | $13.68B | $9.50B | $9.81B | $8.64B |
| 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) |
FY 2020 (Dec 31, 2020) |
FY 2019 (Dec 31, 2019) |
FY 2018 (Dec 31, 2018) |
FY 2017 (Dec 31, 2017) |
FY 2016 (Dec 31, 2016) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $-632.40M | $-632.40M | $-352.60M | $-396.60M | $-973.60M | $-1.27B | $-4.59B | $-149.10M | $110.10M | $-487.20M | $111.70M |
| Depreciation & Amortization | $389.50M | $313.40M | $319.50M | $365.00M | $396.00M | $425.00M | $498.30M | $450.00M | $537.80M | $538.60M | $268.24M |
| Stock-based Compensation | $34.30M | $16.90M | $22.00M | $42.50M | $22.50M | $43.10M | $25.40M | $4.40M | $14.90M | $5.70M | $4.86M |
| Deferred Income Tax | $3.60M | $1.80M | $1.50M | $700.00K | $1.70M | $-7.60M | $64.00M | $-33.70M | $-6.40M | $157.80M | $34.09M |
| Change in Receivables | $-137.00M | $-13.20M | $-37.40M | $45.60M | $-4.00M | $82.70M | $-159.30M | $-700.00K | $200.00K | $36.60M | $56.75M |
| Change in Payables | $-229.40M | $-7.50M | $60.10M | $-700.00K | $-40.40M | $63.80M | $-176.40M | $104.80M | $-85.60M | $34.70M | $21.49M |
| Operating Cash Flow | $-721.40M | $-119.80M | $-50.80M | $-215.20M | $-628.50M | $-614.10M | $-1.13B | $579.00M | $523.20M | $558.70M | $431.70M |
| Capital Expenditure | $389.60M | $246.10M | $245.50M | $225.60M | $202.00M | $92.40M | $173.80M | $518.10M | $576.30M | $626.80M | $421.71M |
| Acquisitions | - | - | - | $4.00M | $17.80M | $8.20M | - | $11.80M | - | - | - |
| Investing Cash Flow | $-364.10M | $-221.60M | $-242.90M | $-180.10M | $-224.00M | $-68.20M | $-154.60M | $-516.10M | $-317.20M | $-965.20M | $-1.35B |
| Stock Issued | - | - | - | - | - | $1.57B | $264.70M | - | - | - | - |
| Stock Repurchased | - | - | - | - | - | - | - | - | $21.80M | $34.00M | - |
| Dividends Paid | - | - | - | - | $700.00K | - | $6.50M | $84.10M | $258.10M | $104.60M | $79.63M |
| Financing Cash Flow | $392.30M | $125.20M | $68.40M | $649.30M | $-91.30M | $1.99B | $1.33B | $-112.90M | $-194.80M | $492.30M | $918.20M |
| Net Change in Cash | $-662.30M | $-203.50M | $-230.60M | $257.00M | $-965.90M | $1.30B | $45.90M | $-48.50M | $5.70M | $88.10M | $19.00M |
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 | $1.30B | - | $3.56B | - |
| Operating Expenses | $1.26B | - | $3.58B | - |
| Operating Income | $35.80M | - | $-17.50M | - |
| Interest Expense | $119.00M | - | $337.60M | - |
| Other Income/Expense | $-194.80M | - | $-103.90M | - |
| Income Before Tax | $-297.00M | - | $-501.00M | - |
| Income Tax Expense | $1.20M | - | $4.00M | - |
| Net Income | $-298.20M | $-32.80M | $-505.00M | - |
| Basic EPS | -0.58 | - | -1.10 | - |
| Diluted EPS | -0.58 | - | -1.10 | - |
| Basic Shares Outstanding | $513.01M | - | $459.38M | - |
| Diluted Shares Outstanding | $513.01M | - | $459.38M | - |
Condensed Consolidated Balance Sheets
| Description | Sep 30, 2025 | Dec 31, 2024 |
|---|---|---|
| Cash & Cash Equivalents | $365.80M | $632.30M |
| Accounts Receivable | $102.30M | $168.10M |
| Other Current Assets | $99.80M | $98.30M |
| Total Current Assets | $619.00M | $947.20M |
| Goodwill | $2.40B | $2.30B |
| Intangible Assets | $147.60M | $144.30M |
| Other Non-current Assets | $212.40M | $192.50M |
| Total Assets | $8.02B | $8.25B |
| Accounts Payable | $279.10M | $378.30M |
| Total Current Liabilities | $1.60B | $1.74B |
| Long-term Debt | $3.99B | $4.01B |
| Deferred Tax Liabilities | $35.50M | $33.90M |
| Other Non-current Liabilities | $79.80M | $81.90M |
| Total Liabilities | $9.80B | $10.01B |
| Common Stock | $5.10M | $4.10M |
| Retained Earnings | $-8.85B | $-8.35B |
| Total Stockholders Equity | $-1.78B | $-1.76B |
| Total Liabilities & Equity | $8.02B | $8.25B |
Condensed Consolidated Statements of Cash Flows
| Description | Sep 30, 2025 | Sep 30, 2025 | ||
|---|---|---|---|---|
| Current | Prior Year | Current YTD | Prior Year YTD | |
| Net Income | $-298.20M | $-32.80M | $-505.00M | - |
| Depreciation & Amortization | $79.40M | - | $233.30M | - |
| Stock-based Compensation | - | - | $17.70M | - |
| Deferred Income Tax | - | - | $1.30M | - |
| Change in Receivables | - | - | $-68.80M | - |
| Change in Payables | - | - | $-119.90M | - |
| Operating Cash Flow | - | - | $-246.50M | - |
| Capital Expenditure | - | - | $162.70M | - |
| Investing Cash Flow | - | - | $-163.90M | - |
| Financing Cash Flow | - | - | $134.30M | - |
| Net Change in Cash | - | - | $-263.90M | - |
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.