$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) |
|---|---|---|---|---|---|---|
| Total Revenue | $4.85B | $4.85B | $4.64B | $4.81B | $3.91B | $2.53B |
| Revenue Growth % | 0.0% | 4.6% | -3.6% | 23.0% | 54.7% | nan% |
| Cost of Revenue | - | - | $3.09B | $1.61B | $1.28B | $745.60M |
| Gross Profit | - | - | $1.55B | $3.21B | $2.63B | $1.78B |
| Gross Margin % | nan% | nan% | 33.4% | 66.6% | 67.3% | 70.5% |
| Operating Expenses | $14.60M | $14.60M | $5.40M | $2.50M | $4.43B | $3.46B |
| Operating Income | $-17.40M | $-17.40M | $-79.30M | $-74.30M | $-522.30M | $-930.00M |
| Operating Margin % | -0.4% | -0.4% | -1.7% | -1.5% | -13.4% | -36.8% |
| Interest Expense | $459.50M | $459.50M | $401.80M | $369.60M | $336.40M | $414.90M |
| Interest Income | - | $8.00M | $19.20M | $15.40M | - | - |
| Other Income/Expense | $-112.40M | $-112.40M | $156.20M | $69.10M | $-53.60M | $87.90M |
| Income Before Tax | $-627.90M | $-627.90M | $-350.50M | $-393.20M | $-971.10M | $-1.28B |
| Income Tax Expense | $4.50M | $4.50M | $2.10M | $3.40M | $2.50M | $-10.20M |
| Net Income | $-632.40M | $-632.40M | $-352.60M | $-396.60M | $-973.60M | $-1.27B |
| Net Margin % | -13.0% | -13.0% | -7.6% | -8.2% | -24.9% | -50.2% |
| Basic EPS | -1.30 | -1.34 | -1.06 | -2.37 | -0.93 | -1.33 |
| Diluted EPS | -1.30 | -1.34 | -1.06 | -2.37 | -0.93 | -1.33 |
| Basic Shares Outstanding | - | 472.9M | 332.9M | 167.6M | 1.05B | 954.8M |
| Diluted Shares Outstanding | - | 472.9M | 332.9M | 167.6M | 1.05B | 954.8M |
| 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 | $428.50M | $632.30M | $884.30M | $631.50M | $1.59B |
| Accounts Receivable | $156.00M | $168.10M | $203.70M | $166.60M | $168.50M |
| Other Current Assets | $97.20M | $98.30M | $88.00M | $81.10M | $81.50M |
| Total Current Assets | $730.50M | $947.20M | $1.20B | $902.10M | $1.87B |
| Property Plant & Equipment | $1.34B | $1.41B | - | - | - |
| Goodwill | $2.42B | $2.30B | $2.36B | $2.34B | $2.43B |
| Intangible Assets | $147.40M | $144.30M | $146.70M | $147.30M | $153.40M |
| Other Non-current Assets | $212.30M | $192.50M | $195.80M | $222.10M | $249.00M |
| Total Assets | $8.02B | $8.25B | $9.01B | $9.14B | $10.82B |
| Accounts Payable | $382.90M | $378.30M | $320.50M | $330.50M | $377.10M |
| Other Current Liabilities | $79.30M | $71.60M | - | - | - |
| Total Current Liabilities | $1.77B | $1.74B | $1.63B | $1.69B | $1.79B |
| Long-term Debt | $4.02B | $4.01B | $4.55B | $5.12B | $5.41B |
| Deferred Tax Liabilities | $35.70M | $33.90M | $32.40M | $32.10M | $31.30M |
| Other Non-current Liabilities | $95.20M | $81.90M | $102.70M | $105.10M | $165.00M |
| Total Liabilities | $9.91B | $10.01B | $10.86B | $11.76B | $12.61B |
| Common Stock | $5.10M | $4.10M | $2.60M | $5.20M | $5.10M |
| Retained Earnings | $-8.98B | $-8.35B | $-7.99B | $-7.60B | $-6.62B |
| Total Stockholders Equity | $-1.89B | $-1.76B | $-1.85B | $-2.62B | $-1.79B |
| Total Liabilities & Equity | $8.02B | $8.25B | $9.01B | $9.14B | $10.82B |
| 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 | $-632.40M | $-632.40M | $-352.60M | $-396.60M | $-973.60M | $-1.27B |
| Depreciation & Amortization | $389.50M | $313.40M | $319.50M | $365.00M | $396.00M | $425.00M |
| Stock-based Compensation | $34.30M | $16.90M | $22.00M | $42.50M | $22.50M | $43.10M |
| Deferred Income Tax | $3.60M | $1.80M | $1.50M | $700.00K | $1.70M | $-7.60M |
| Change in Receivables | $-137.00M | $-13.20M | $-37.40M | $45.60M | $-4.00M | $82.70M |
| Change in Payables | $-229.40M | $-7.50M | $60.10M | $-700.00K | $-40.40M | $63.80M |
| Operating Cash Flow | $-721.40M | $-119.80M | $-50.80M | $-215.20M | $-628.50M | $-614.10M |
| Capital Expenditure | $389.60M | $246.10M | $245.50M | $225.60M | $202.00M | $92.40M |
| Acquisitions | - | - | - | $4.00M | $17.80M | $8.20M |
| Investing Cash Flow | $-364.10M | $-221.60M | $-242.90M | $-180.10M | $-224.00M | $-68.20M |
| Stock Issued | - | - | - | - | - | $1.57B |
| Dividends Paid | - | - | - | - | $700.00K | - |
| Financing Cash Flow | $392.30M | $125.20M | $68.40M | $649.30M | $-91.30M | $1.99B |
| Net Change in Cash | $-662.30M | $-203.50M | $-230.60M | $257.00M | $-965.90M | $1.30B |
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.