$3.13B
Revenue
$-412.10M
Net Income
6.18%
Gross Margin
-4.30%
Op. Margin
$-336.90M
Free Cash Flow
| Breakdown | 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 | $743.20M | $784.30M | $784.80M | $821.50M | $867.70M | $920.00M | $904.00M | $837.50M | $879.00M | $962.60M | $996.30M | $975.20M | $1.18B |
| Revenue Growth % (YoY) | -14.3% | -14.8% | -13.2% | -1.9% | -1.3% | -4.4% | -9.3% | -14.1% | -25.4% | nan% | nan% | nan% | nan% |
| Cost of Revenue | $705.80M | $747.70M | $721.00M | $765.50M | $787.10M | $851.60M | $843.40M | $817.20M | $847.70M | $909.00M | $959.10M | $978.40M | $1.22B |
| Gross Profit | $37.40M | $36.60M | $63.80M | $56.00M | $80.60M | $68.40M | $60.60M | $20.30M | $31.30M | $53.60M | $37.20M | $-3.20M | $-39.50M |
| Gross Margin % | 5.0% | 4.7% | 8.1% | 6.8% | 9.3% | 7.4% | 6.7% | 2.4% | 3.6% | 5.6% | 3.7% | -0.3% | -3.4% |
| Selling General & Admin | $63.20M | $78.10M | $91.00M | $89.80M | $97.00M | $70.10M | $70.10M | $105.20M | $66.60M | $53.80M | $84.70M | $136.00M | $80.50M |
| Operating Income | $-28.20M | $-33.30M | $-29.00M | $-44.20M | $-12.40M | $13.90M | $-3.30M | $-72.00M | $-16.40M | $-336.80M | $-30.20M | $-420.90M | $-99.10M |
| Operating Margin % | -3.8% | -4.2% | -3.7% | -5.4% | -1.4% | 1.5% | -0.4% | -8.6% | -1.9% | -35.0% | -3.0% | -43.2% | -8.4% |
| Other Income/Expense | $-2.60M | $-200.00K | $23.20M | $-4.80M | $1.40M | $3.30M | $-3.80M | $-1.80M | $13.20M | $2.90M | $2.90M | $8.80M | $-500.00K |
| Income Before Tax | $-101.40M | $-103.00M | $-72.40M | $-116.50M | $-83.90M | $-47.50M | $-70.10M | $-137.10M | $-56.10M | $-374.10M | $-65.60M | $-447.30M | $-130.00M |
| Income Tax Expense | $8.30M | $2.50M | $6.60M | $1.40M | $3.40M | $20.30M | $5.40M | $127.90M | $-17.70M | $-25.10M | $-16.70M | $-83.00M | $-12.10M |
| Net Income | $-109.70M | $-105.50M | $-79.00M | $-117.90M | $-87.30M | $-67.80M | $-75.50M | $-265.00M | $-38.40M | $-349.00M | $-48.90M | $-365.30M | $-119.80M |
| Net Margin % | -14.8% | -13.5% | -10.1% | -14.4% | -10.1% | -7.4% | -8.4% | -31.6% | -4.4% | -36.3% | -4.9% | -37.5% | -10.2% |
| Basic EPS | -3.05 | -2.95 | -2.22 | -3.33 | -2.47 | -1.92 | -2.14 | -7.46 | -1.09 | -9.93 | -1.40 | -10.18 | -3.41 |
| Diluted EPS | -3.05 | -2.95 | -2.22 | -3.33 | -2.47 | -1.92 | -2.14 | -7.46 | -1.09 | -9.93 | -1.40 | -10.18 | -3.41 |
| Basic Shares Outstanding | 36.0M | 35.7M | 35.5M | - | 35.4M | 35.3M | 35.3M | 200K | 35.2M | 35.2M | 35.0M | -400K | 35.2M |
| Diluted Shares Outstanding | 36.0M | 35.7M | 35.5M | - | 35.4M | 35.3M | 35.3M | 200K | 35.2M | 35.2M | 35.0M | -400K | 35.2M |
| Breakdown | 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 | $112.10M | $137.00M | $126.10M | $209.80M | $165.30M | $105.60M | $166.40M | $259.10M | $278.60M | $269.50M | $217.10M | $211.70M | $242.80M |
| Inventory | $351.40M | $378.00M | $383.70M | $347.20M | $434.80M | $410.40M | $431.20M | $404.70M | $445.90M | $430.90M | $502.60M | $553.60M | $614.00M |
| Other Current Assets | $56.30M | $57.00M | $55.70M | $51.30M | $45.10M | $36.00M | $42.60M | $39.50M | $39.70M | $33.60M | $34.10M | $39.40M | $40.50M |
| Total Current Assets | $922.40M | $1.01B | $1.04B | $988.20M | $1.12B | $1.09B | $1.20B | $1.19B | $1.31B | $1.32B | $1.38B | $1.39B | $1.57B |
| Goodwill | $67.70M | $67.60M | $62.40M | $59.90M | $64.60M | $61.70M | $62.30M | $63.80M | $61.20M | $62.50M | $414.20M | $410.40M | $691.90M |
| Intangible Assets | $526.40M | $560.10M | $582.90M | $598.80M | $633.00M | $645.90M | $668.30M | $693.90M | $707.90M | $739.00M | $759.40M | $772.00M | $764.70M |
| Total Assets | $2.49B | $2.63B | $2.65B | $2.64B | $2.88B | $2.85B | $2.99B | $3.03B | $3.27B | $3.35B | $3.74B | $3.76B | $4.13B |
| Accounts Payable | $285.80M | $331.80M | $318.50M | $263.10M | $392.10M | $425.80M | $478.90M | $449.70M | $426.50M | $434.50M | $454.60M | $438.10M | $442.20M |
| Total Current Liabilities | $674.20M | $707.70M | $689.30M | $720.90M | $814.20M | $662.10M | $732.00M | $672.60M | $691.50M | $695.20M | $717.80M | $689.40M | $717.60M |
| Long-term Debt | $2.33B | $2.32B | $2.31B | $2.20B | $2.19B | $2.28B | $2.28B | $2.28B | $2.27B | $2.30B | $2.30B | $2.30B | $2.30B |
| Deferred Tax Liabilities | $34.50M | $37.60M | $36.60M | $37.50M | $41.10M | $41.60M | $41.20M | $43.50M | $43.50M | $44.60M | $53.70M | $59.80M | $91.50M |
| Other Non-current Liabilities | $262.30M | $261.70M | $250.50M | $251.60M | $265.90M | $237.50M | $240.00M | $251.80M | $231.00M | $239.40M | $236.70M | $228.90M | $267.60M |
| Common Stock | $400.00K | $400.00K | $400.00K | $400.00K | $400.00K | $400.00K | $400.00K | $400.00K | $400.00K | $400.00K | $400.00K | $400.00K | $400.00K |
| Retained Earnings | $-1.09B | $-978.10M | $-872.20M | $-792.80M | $-674.60M | $-586.90M | $-518.80M | $-443.00M | $-177.60M | $-138.90M | $210.40M | $264.50M | $641.00M |
| Total Stockholders Equity | $-861.60M | $-750.30M | $-679.20M | $-619.90M | $-480.00M | $-413.80M | $-348.00M | $-268.00M | $-21.40M | $21.20M | $376.20M | $420.30M | $698.10M |
| Total Liabilities & Equity | $2.49B | $2.63B | $2.65B | $2.64B | $2.88B | $2.85B | $2.99B | $3.03B | $3.27B | $3.35B | $3.74B | $3.76B | $4.13B |
| Breakdown | 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 | $-109.70M | $-105.50M | $-79.00M | $-117.90M | $-230.60M | $-143.30M | $-75.50M | $-265.00M | $-436.30M | $-349.00M | $-48.90M | $-365.30M | $-65.60M |
| Depreciation & Amortization | $56.40M | $59.80M | $36.00M | $70.30M | $139.90M | $46.60M | $45.00M | $74.50M | $38.20M | $108.50M | $56.00M | $89.80M | $45.90M |
| Stock-based Compensation | $9.20M | $7.70M | $5.70M | $2.60M | $11.80M | $8.40M | $5.90M | $3.40M | $16.10M | $12.00M | $8.20M | $3.00M | $15.60M |
| Deferred Income Tax | $-700.00K | $1.10M | $5.40M | $-11.40M | $8.70M | $8.90M | $-3.80M | $142.90M | $-101.50M | $-94.10M | $-16.60M | $-85.30M | $-8.00M |
| Change in Receivables | $-3.50M | $27.80M | $83.40M | $-81.60M | $-17.90M | $56.80M | $72.60M | $-51.80M | $-54.50M | $-800.00K | $29.20M | $-124.00M | $-5.10M |
| Change in Inventory | $-18.30M | $8.10M | $29.30M | $-73.50M | $27.10M | $12.30M | $31.20M | $-43.10M | $-107.00M | $-125.80M | $-55.10M | $-74.90M | $43.10M |
| Operating Cash Flow | $-125.00M | $-103.40M | $-110.20M | $85.10M | $-99.30M | $-108.10M | $-66.20M | $17.50M | $131.20M | $101.90M | $45.40M | $34.10M | $9.40M |
| Capital Expenditure | $35.00M | $18.50M | $8.70M | $21.20M | $42.10M | $29.90M | $15.70M | $20.60M | $49.10M | $35.60M | $21.80M | $54.20M | $94.00M |
| Acquisitions | - | - | - | - | - | - | - | - | - | - | - | - | $22.20M |
| Investing Cash Flow | $-35.00M | $-18.50M | $-8.70M | $-21.20M | $-33.90M | $-21.70M | $-11.00M | $-20.60M | $-11.10M | $-13.30M | $-21.80M | $-54.20M | $-109.80M |
| Stock Repurchased | - | - | - | - | - | - | - | - | - | - | - | - | $151.90M |
| Dividends Paid | $1.20M | $900.00K | $500.00K | $400.00K | $1.30M | $900.00K | $600.00K | $300.00K | $17.60M | $17.10M | $11.80M | $11.20M | $36.30M |
| Financing Cash Flow | $56.00M | $42.20M | $32.80M | $-14.30M | $40.70M | $-19.80M | $-9.20M | $-17.80M | $-48.20M | $-31.70M | $-20.50M | $-20.20M | $-213.50M |
| Net Change in Cash | $-97.60M | $-72.70M | $-83.60M | $44.30M | $-93.50M | $-153.20M | $-89.60M | $-17.50M | $66.90M | $57.80M | $5.40M | $-31.10M | $-330.20M |
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-Q filings.
Quarterly data represents single quarter results (Q1-Q4). Some items may show year-to-date values if quarterly breakdown is unavailable.