$3.13B
Revenue
$-412.10M
Net Income
6.18%
Gross Margin
-4.30%
Op. Margin
$-336.90M
Free Cash Flow
| Breakdown | TTM (Sep 30, 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) |
|---|---|---|---|---|---|---|
| Total Revenue | $3.13B | $3.51B | $3.68B | $4.97B | $4.83B | $3.04B |
| Revenue Growth % | -10.8% | -4.4% | -26.0% | 2.9% | 59.0% | nan% |
| Cost of Revenue | $2.94B | $3.25B | $3.53B | $4.69B | $4.13B | $2.72B |
| Gross Profit | $193.80M | $265.60M | $142.30M | $272.30M | $698.90M | $315.60M |
| Gross Margin % | 6.2% | 7.6% | 3.9% | 5.5% | 14.5% | 10.4% |
| Selling General & Admin | $322.10M | $327.00M | $310.30M | $398.80M | $323.40M | $252.40M |
| Operating Income | $-134.70M | $-46.00M | $-455.40M | $-363.90M | $461.40M | $91.10M |
| Operating Margin % | -4.3% | -1.3% | -12.4% | -7.3% | 9.6% | 3.0% |
| Interest Expense | - | $199.90M | $167.10M | $103.40M | $62.40M | $39.50M |
| Other Income/Expense | $15.60M | $-3.90M | $17.20M | $7.20M | $-9.50M | $-1.80M |
| Income Before Tax | $-393.30M | $-318.00M | $-632.90M | $-469.60M | $350.50M | $45.70M |
| Income Tax Expense | $18.80M | $30.50M | $68.40M | $-41.60M | $70.90M | $37.80M |
| Net Income | $-412.10M | $-348.50M | $-701.30M | $-430.90M | $440.00M | $7.90M |
| Net Margin % | -13.2% | -9.9% | -19.1% | -8.7% | 9.1% | 0.3% |
| Basic EPS | -11.55 | -9.86 | -19.88 | -11.99 | 11.37 | 0.20 |
| Diluted EPS | -11.55 | -9.86 | -19.88 | -11.99 | 11.12 | 0.20 |
| Basic Shares Outstanding | 36.0M | 35.3M | 35.3M | 35.9M | 38.7M | 38.3M |
| Diluted Shares Outstanding | 36.0M | 35.3M | 35.3M | 35.9M | 39.6M | 38.6M |
| Breakdown | 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) |
|---|---|---|---|---|---|
| Cash & Cash Equivalents | $209.80M | $259.10M | $211.70M | $573.00M | $588.70M |
| Inventory | $347.20M | $404.70M | $553.60M | $621.00M | $384.10M |
| Other Current Assets | $51.30M | $39.50M | $39.40M | $44.30M | $15.10M |
| Total Current Assets | $988.20M | $1.19B | $1.39B | $1.98B | $1.52B |
| Goodwill | $59.90M | $63.80M | $410.40M | $710.10M | $74.20M |
| Intangible Assets | $598.80M | $693.90M | $772.00M | $823.80M | $182.80M |
| Total Assets | $2.64B | $3.03B | $3.76B | $4.71B | $2.85B |
| Accounts Payable | $263.10M | $449.70M | $438.10M | $590.30M | $355.40M |
| Total Current Liabilities | $720.90M | $672.60M | $689.40M | $914.40M | $533.30M |
| Long-term Debt | $2.20B | $2.28B | $2.30B | $2.31B | $1.16B |
| Deferred Tax Liabilities | $37.50M | $43.50M | $59.80M | $103.20M | $60.70M |
| Other Non-current Liabilities | $251.60M | $251.80M | $228.90M | $306.70M | $436.50M |
| Common Stock | $400.00K | $400.00K | $400.00K | $400.00K | $500.00K |
| Retained Earnings | $-792.80M | $-443.00M | $264.50M | $741.80M | $739.20M |
| Total Stockholders Equity | $-619.90M | $-268.00M | $420.30M | $1.01B | $590.30M |
| Total Liabilities & Equity | $2.64B | $3.03B | $3.76B | $4.71B | $2.85B |
| Breakdown | TTM (Sep 30, 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) |
|---|---|---|---|---|---|---|
| Net Income | $-412.10M | $-348.50M | $-701.30M | $-430.90M | $440.00M | $7.90M |
| Depreciation & Amortization | $222.50M | $210.20M | $221.20M | $236.90M | $167.50M | $134.30M |
| Stock-based Compensation | $25.20M | $14.40M | $19.50M | $18.60M | $15.20M | $11.40M |
| Deferred Income Tax | $-5.60M | $-2.70M | $41.40M | $-93.30M | $-2.10M | $8.00M |
| Change in Receivables | $26.10M | $-99.50M | $-106.30M | $-129.10M | $214.60M | $-57.40M |
| Change in Inventory | $-54.40M | $-46.40M | $-150.10M | $-31.80M | $214.10M | $-69.80M |
| Operating Cash Flow | $-253.50M | $-14.20M | $148.70M | $43.50M | $452.70M | $255.40M |
| Capital Expenditure | $83.40M | $63.30M | $69.70M | $148.20M | $117.70M | $82.30M |
| Acquisitions | - | - | - | $22.20M | $1.80B | $-100.00K |
| Investing Cash Flow | $-83.40M | $-55.10M | $-31.70M | $-164.00M | $-1.54B | $-24.20M |
| Stock Repurchased | - | - | - | $151.90M | $48.10M | $25.00M |
| Dividends Paid | $3.00M | $1.70M | $17.90M | $47.50M | $21.90M | $61.80M |
| Financing Cash Flow | $116.70M | $26.40M | $-66.00M | $-233.70M | $1.08B | $-104.30M |
| Net Change in Cash | $-209.60M | $-49.20M | $49.40M | $-361.30M | $-15.70M | $131.30M |
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 | $743.20M | - | $2.31B | - |
| Cost of Revenue | $705.80M | - | $2.17B | - |
| Gross Profit | $37.40M | - | $137.80M | - |
| Selling General & Admin | $63.20M | - | $232.30M | - |
| Operating Income | $-28.20M | - | $-90.50M | - |
| Other Income/Expense | $-2.60M | - | $20.60M | - |
| Income Before Tax | $-101.40M | - | $-276.80M | - |
| Income Tax Expense | $8.30M | - | $17.40M | - |
| Net Income | $-109.70M | $-67.80M | $-294.20M | - |
| Basic EPS | -3.05 | - | -8.24 | - |
| Diluted EPS | -3.05 | - | -8.24 | - |
| Basic Shares Outstanding | $36.00M | - | $35.70M | - |
| Diluted Shares Outstanding | $36.00M | - | $35.70M | - |
Condensed Consolidated Balance Sheets
| Description | Sep 30, 2025 | Dec 31, 2024 |
|---|---|---|
| Cash & Cash Equivalents | $112.10M | $209.80M |
| Inventory | $351.40M | $347.20M |
| Other Current Assets | $56.30M | $51.30M |
| Total Current Assets | $922.40M | $988.20M |
| Goodwill | $67.70M | $59.90M |
| Intangible Assets | $526.40M | $598.80M |
| Total Assets | $2.49B | $2.64B |
| Accounts Payable | $285.80M | $263.10M |
| Total Current Liabilities | $674.20M | $720.90M |
| Long-term Debt | $2.33B | $2.20B |
| Deferred Tax Liabilities | $34.50M | $37.50M |
| Other Non-current Liabilities | $262.30M | $251.60M |
| Common Stock | $400.00K | $400.00K |
| Retained Earnings | $-1.09B | $-792.80M |
| Total Stockholders Equity | $-861.60M | $-619.90M |
| Total Liabilities & Equity | $2.49B | $2.64B |
Condensed Consolidated Statements of Cash Flows
| Description | Sep 30, 2025 | Sep 30, 2025 | ||
|---|---|---|---|---|
| Current | Prior Year | Current YTD | Prior Year YTD | |
| Net Income | $-109.70M | $-67.80M | $-294.20M | - |
| Depreciation & Amortization | $56.40M | - | $152.20M | - |
| Stock-based Compensation | - | - | $9.20M | - |
| Deferred Income Tax | - | - | $-700.00K | - |
| Change in Receivables | - | - | $-3.50M | - |
| Change in Inventory | - | - | $-18.30M | - |
| Operating Cash Flow | - | - | $-125.00M | - |
| Capital Expenditure | - | - | $35.00M | - |
| Investing Cash Flow | - | - | $-35.00M | - |
| Dividends Paid | - | - | $1.20M | - |
| Financing Cash Flow | - | - | $56.00M | - |
| Net Change in Cash | - | - | $-97.60M | - |
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.