$4.74B
Revenue
$88.36M
Net Income
43.79%
Gross Margin
-0.12%
Op. Margin
$860.65M
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 | $1.39B | $1.21B | $1.11B | $1.02B | $1.20B | $1.06B | $968.18M | $881.47M | $984.42M | $912.02M | $847.19M | $740.99M | $867.06M | $761.37M |
| Revenue Growth % (YoY) | 16.1% | 14.0% | 14.8% | 15.8% | 22.0% | 16.5% | 14.3% | 19.0% | 13.5% | 19.8% | nan% | nan% | nan% | nan% |
| Cost of Revenue | $788.08M | $685.74M | $613.38M | $575.63M | $688.47M | $582.13M | $543.48M | $493.18M | $546.50M | $543.20M | $468.92M | $403.39M | $502.68M | $404.59M |
| Gross Profit | $606.82M | $524.90M | $497.66M | $445.05M | $512.58M | $480.07M | $424.70M | $388.29M | $437.92M | $368.82M | $378.27M | $337.60M | $364.38M | $356.79M |
| Gross Margin % | 43.5% | 43.4% | 44.8% | 43.6% | 42.7% | 45.2% | 43.9% | 44.1% | 44.5% | 40.4% | 44.7% | 45.6% | 42.0% | 46.9% |
| Operating Expenses | $540.85M | $515.43M | $520.99M | $502.77M | $551.70M | $515.84M | $495.94M | $460.33M | $542.09M | $718.61M | $504.23M | $550.06M | $614.27M | $503.78M |
| Research & Development | $184.65M | $182.24M | $178.02M | $184.58M | $185.41M | $178.80M | $175.48M | $180.46M | $183.80M | $282.20M | $192.39M | $220.09M | $220.67M | $207.61M |
| Operating Income | $65.97M | $9.47M | $-23.33M | $-57.73M | $-39.12M | $-35.76M | $-71.24M | $-72.04M | $-104.17M | $-349.79M | $-125.96M | $-212.46M | $-249.90M | $-146.99M |
| Operating Margin % | 4.7% | 0.8% | -2.1% | -5.7% | -3.3% | -3.4% | -7.4% | -8.2% | -10.6% | -38.4% | -14.9% | -28.7% | -28.8% | -19.3% |
| Interest Expense | $362.00K | $693.00K | $347.00K | $28.00K | $354.00K | $106.00K | $61.00K | $29.00K | $29.00K | $886.00K | $871.00K | $867.00K | $1.36M | $2.54M |
| Other Income/Expense | $26.29M | $29.02M | $28.47M | $17.65M | $13.66M | $30.88M | $28.13M | $25.96M | $27.66M | $22.91M | $20.00M | $23.10M | $13.61M | $27.91M |
| Income Before Tax | $91.71M | $38.03M | $4.67M | $-40.51M | $-25.87M | $-4.88M | $-43.11M | $-46.09M | $-76.54M | $-326.89M | $-105.97M | $-190.04M | $-238.17M | $-120.23M |
| Income Tax Expense | $11.23M | $13.22M | $-5.83M | $-13.08M | $9.68M | $4.15M | $-9.16M | $4.76M | $1.75M | $3.18M | $1.63M | $3.56M | $-975.00K | $1.95M |
| Net Income | $80.48M | $24.81M | $10.50M | $-27.43M | $-35.55M | $-9.03M | $-33.95M | $-50.85M | $-78.29M | $-330.07M | $-107.59M | $-193.60M | $-237.19M | $-122.18M |
| Net Margin % | 5.8% | 2.0% | 0.9% | -2.7% | -3.0% | -0.9% | -3.5% | -5.8% | -8.0% | -36.2% | -12.7% | -26.1% | -27.4% | -16.0% |
| Basic EPS | 0.55 | 0.17 | 0.07 | -0.19 | -0.24 | -0.06 | -0.24 | -0.35 | -0.54 | -2.33 | -0.76 | -1.38 | -1.72 | -0.88 |
| Diluted EPS | 0.54 | 0.16 | 0.07 | -0.19 | -0.24 | -0.06 | -0.24 | -0.35 | -0.54 | -2.33 | -0.76 | -1.38 | -1.72 | -0.88 |
| Basic Shares Outstanding | - | 147.5M | 146.9M | 146.2M | 311K | 144.9M | 144.3M | 143.8M | 485K | 141.9M | 141.0M | 140.3M | 671K | 138.6M |
| Diluted Shares Outstanding | - | 151.6M | 149.7M | 146.2M | 311K | 144.9M | 144.3M | 143.8M | 485K | 141.9M | 141.0M | 140.3M | 671K | 138.6M |
| 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 | $1.59B | $1.58B | $2.25B | $2.26B | $2.16B | $2.13B | $2.06B | $2.06B | $2.03B | $2.00B | $1.76B | $1.63B | $1.96B | $2.02B |
| Short-term Investments | $730.21M | $726.88M | - | - | - | - | - | - | - | - | - | - | - | - |
| Accounts Receivable | $879.87M | $745.40M | $628.48M | $650.19M | $812.51M | $729.91M | $669.14M | $716.73M | $816.34M | $720.40M | $707.68M | $703.42M | $760.79M | $719.19M |
| Inventory | $114.64M | $140.68M | $112.69M | $135.30M | $158.27M | $191.21M | $96.35M | $94.53M | $92.13M | $105.37M | $93.21M | $109.24M | $106.75M | $119.25M |
| Other Current Assets | $89.72M | $140.24M | $163.83M | $105.40M | $103.15M | $138.33M | $153.43M | $129.14M | $138.59M | $101.11M | $104.62M | $111.93M | $135.38M | $113.89M |
| Total Current Assets | $3.40B | $3.33B | $3.16B | $3.15B | $3.23B | $3.19B | $2.98B | $3.00B | $3.07B | $2.97B | $2.70B | $2.60B | $2.96B | $2.97B |
| Property Plant & Equipment | $173.58M | $182.81M | $193.76M | $203.62M | $213.69M | $223.00M | $240.03M | $251.49M | $264.56M | $278.72M | $357.60M | $359.54M | $335.03M | $272.19M |
| Goodwill | $309.41M | $309.41M | $309.41M | $161.52M | $161.52M | $161.52M | $161.52M | $161.52M | $161.52M | $161.52M | $161.52M | $161.52M | $161.52M | $161.52M |
| Intangible Assets | $50.21M | $56.54M | $64.50M | $23.98M | $27.50M | $31.03M | $34.55M | $38.08M | $41.75M | $45.66M | $50.07M | $54.48M | $58.88M | $70.79M |
| Other Non-current Assets | $70.53M | $71.83M | $73.08M | $123.71M | $125.23M | $139.74M | $111.86M | $96.91M | $92.18M | $85.27M | $86.34M | $81.97M | $77.83M | $381.73M |
| Total Assets | $4.43B | $4.40B | $4.28B | $4.18B | $4.30B | $4.30B | $4.10B | $4.15B | $4.26B | $4.19B | $4.16B | $4.06B | $4.41B | $4.39B |
| Accounts Payable | $158.64M | $159.46M | $165.96M | $194.58M | $273.99M | $327.04M | $276.12M | $385.66M | $385.33M | $312.28M | $212.91M | $86.88M | $164.80M | $175.03M |
| Accrued Liabilities | $957.98M | $933.72M | $818.60M | $788.76M | $852.80M | $820.16M | $724.47M | $672.44M | $788.04M | $797.23M | $638.48M | $646.36M | $750.81M | $625.84M |
| Deferred Revenue | $120.91M | $122.31M | $123.63M | $115.84M | $105.72M | $93.41M | $95.97M | $101.65M | $102.16M | $98.24M | $104.11M | $98.06M | $87.68M | $60.10M |
| Total Current Liabilities | $1.24B | $1.22B | $1.11B | $1.10B | $1.23B | $1.24B | $1.10B | $1.16B | $1.28B | $1.21B | $955.50M | $831.30M | $1.08B | $943.42M |
| Long-term Debt | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Non-current Liabilities | $73.26M | $71.27M | $76.24M | $33.79M | $40.94M | $43.65M | $40.18M | $44.06M | $49.19M | $52.97M | $55.43M | $63.30M | $69.91M | $76.39M |
| Total Liabilities | $1.78B | $1.77B | $1.69B | $1.65B | $1.81B | $1.84B | $1.71B | $1.80B | $1.94B | $1.88B | $1.62B | $1.50B | $1.77B | $1.61B |
| Common Stock | $15.00K | $15.00K | $15.00K | $15.00K | $15.00K | $15.00K | $14.00K | $14.00K | $14.00K | $14.00K | $14.00K | $14.00K | $14.00K | $14.00K |
| Retained Earnings | $-1.49B | $-1.47B | $-1.44B | $-1.45B | $-1.43B | $-1.39B | $-1.38B | $-1.35B | $-1.30B | $-1.22B | $-889.23M | $-781.63M | $-588.03M | $-350.83M |
| Total Stockholders Equity | $2.66B | $2.63B | $2.59B | $2.53B | $2.49B | $2.46B | $2.39B | $2.36B | $2.33B | $2.31B | $2.53B | $2.55B | $2.65B | $2.78B |
| Total Liabilities & Equity | $4.43B | $4.40B | $4.28B | $4.18B | $4.30B | $4.30B | $4.10B | $4.15B | $4.26B | $4.19B | $4.16B | $4.06B | $4.41B | $4.39B |
| 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 | $80.48M | $24.81M | $10.50M | $-27.43M | $-35.55M | $-93.84M | $-33.95M | $-50.85M | $-78.29M | $-330.07M | $-107.59M | $-193.60M | $-237.19M | $-260.81M |
| Depreciation & Amortization | $-5.91M | $51.51M | $32.07M | $15.19M | $871.00K | $47.63M | $32.28M | $16.47M | $253.00K | $53.05M | $34.18M | $15.64M | $12.24M | $36.41M |
| Stock-based Compensation | $86.00M | $268.17M | $180.13M | $95.49M | $101.54M | $283.12M | $183.03M | $94.63M | $92.77M | $277.36M | $186.05M | $96.47M | $104.28M | $255.65M |
| Change in Receivables | $134.50M | $-71.03M | $-189.02M | $-161.12M | $81.94M | $-83.83M | $-142.46M | $-99.50M | $95.35M | $-38.42M | $-50.43M | $-55.61M | $43.07M | $-32.19M |
| Change in Inventory | $-26.04M | $-17.59M | $-45.58M | $-22.97M | $-32.94M | $99.08M | $4.22M | $2.40M | $-13.35M | $-1.37M | $-13.53M | $2.49M | $-12.51M | $68.98M |
| Change in Payables | $-1.68M | $-120.83M | $-114.58M | $-79.46M | $-52.74M | $-57.94M | $-108.61M | $919.00K | $73.39M | $174.78M | $72.29M | $-60.05M | $-15.36M | $29.55M |
| Operating Cash Flow | $107.65M | $376.07M | $248.47M | $138.73M | $79.29M | $138.75M | $70.09M | $46.68M | $16.33M | $239.53M | $-6.36M | $-153.41M | $7.35M | $4.44M |
| Capital Expenditure | $1.09M | $4.19M | $3.05M | $1.93M | $2.46M | $2.60M | $1.55M | $672.00K | $3.52M | $79.10M | $72.32M | $54.24M | $65.38M | $96.32M |
| Acquisitions | - | $95.09M | $95.09M | - | - | - | - | - | - | - | - | - | - | - |
| Purchases of Investments | - | $7.00M | $7.00M | - | - | - | - | - | - | - | - | - | - | - |
| Investing Cash Flow | $38.91M | $-821.28M | $-95.14M | $-8.93M | $-2.46M | $-22.60M | $-1.55M | $-672.00K | $-3.52M | $-89.10M | $-82.32M | $-59.24M | $-65.38M | $-136.32M |
| Debt Repayment | - | - | - | - | - | - | - | - | - | $80.00M | $80.00M | $80.00M | $2.50M | $7.50M |
| Stock Issued | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Stock Repurchased | $99.98M | $50.00M | - | - | - | - | - | - | - | - | - | - | - | - |
| Financing Cash Flow | $-133.35M | $-146.75M | $-68.56M | $-36.07M | $-32.47M | $-56.73M | $-32.94M | $-13.94M | $4.06M | $-65.30M | $-78.50M | $-79.11M | $-1.74M | $10.09M |
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 | $1.21B | $1.06B | $3.34B | $2.91B |
| Cost of Revenue | $685.74M | $582.13M | $1.87B | $1.62B |
| Gross Profit | $524.90M | $480.07M | $1.47B | $1.29B |
| Operating Expenses | $515.43M | $515.84M | $1.54B | $1.47B |
| Research & Development | $182.24M | $178.80M | $544.83M | $534.74M |
| Operating Income | $9.47M | $-35.76M | $-71.60M | $-179.04M |
| Interest Expense | $455.00K | - | $693.00K | $106.00K |
| Other Income/Expense | $29.02M | $30.88M | $75.13M | $84.95M |
| Income Before Tax | $38.03M | $-4.88M | $2.19M | $-94.09M |
| Income Tax Expense | $13.22M | $4.15M | $-5.70M | $-249.00K |
| Net Income | $24.81M | $-9.03M | $7.88M | $-93.84M |
| Basic EPS | 0.17 | -0.06 | 0.05 | -0.65 |
| Diluted EPS | 0.16 | -0.06 | 0.05 | -0.65 |
| Basic Shares Outstanding | $147.47M | $144.86M | $146.85M | $144.32M |
| Diluted Shares Outstanding | $151.58M | $144.86M | $150.45M | $144.32M |
Condensed Consolidated Balance Sheets
| Description | Sep 30, 2025 | Dec 31, 2024 |
|---|---|---|
| Cash & Cash Equivalents | $1.58B | $2.16B |
| Short-term Investments | $726.88M | - |
| Accounts Receivable | $745.40M | $812.51M |
| Inventory | $140.68M | $158.27M |
| Other Current Assets | $140.24M | $103.15M |
| Total Current Assets | $3.33B | $3.23B |
| Property Plant & Equipment | $182.81M | $213.69M |
| Goodwill | $309.41M | $161.52M |
| Intangible Assets | $56.54M | $27.50M |
| Other Non-current Assets | $71.83M | $125.23M |
| Total Assets | $4.40B | $4.30B |
| Accounts Payable | $159.46M | $273.99M |
| Accrued Liabilities | $933.72M | $852.80M |
| Deferred Revenue | $122.31M | $105.72M |
| Total Current Liabilities | $1.22B | $1.23B |
| Other Non-current Liabilities | $71.27M | $40.94M |
| Total Liabilities | $1.77B | $1.81B |
| Common Stock | $15.00K | $15.00K |
| Retained Earnings | $-1.47B | $-1.43B |
| Total Stockholders Equity | $2.63B | $2.49B |
| Total Liabilities & Equity | $4.40B | $4.30B |
Condensed Consolidated Statements of Cash Flows
| Description | Sep 30, 2025 | Sep 30, 2025 | ||
|---|---|---|---|---|
| Current | Prior Year | Current YTD | Prior Year YTD | |
| Net Income | $24.81M | $-9.03M | $7.88M | $-93.84M |
| Depreciation & Amortization | - | - | $51.51M | $47.63M |
| Stock-based Compensation | - | - | $268.17M | $283.12M |
| Change in Receivables | - | - | $-71.03M | $-83.83M |
| Change in Inventory | - | - | $-17.59M | $99.08M |
| Change in Payables | - | - | $-120.83M | $-57.94M |
| Operating Cash Flow | - | - | $376.07M | $138.75M |
| Capital Expenditure | - | - | $4.19M | $2.60M |
| Acquisitions | - | - | $95.09M | - |
| Purchases of Investments | - | - | $7.00M | $20.00M |
| Investing Cash Flow | - | - | $-821.28M | $-22.60M |
| Stock Repurchased | - | - | $50.00M | - |
| Financing Cash Flow | - | - | $-146.75M | $-56.73M |
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.