$2.82B
Revenue
$-89.00M
Net Income
16.95%
Gross Margin
-3.30%
Op. Margin
$131.00M
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 | $2.82B | $2.82B | $2.37B | $2.32B | $2.14B | $1.63B |
| Revenue Growth % | 0.0% | 18.8% | 2.2% | 8.7% | 30.9% | nan% |
| Cost of Revenue | $2.34B | $2.34B | $1.84B | $1.79B | $1.63B | $1.27B |
| Gross Profit | $478.00M | $478.00M | $531.00M | $539.00M | - | - |
| Gross Margin % | 17.0% | 17.0% | 22.4% | 23.2% | nan% | nan% |
| Selling General & Admin | - | $559.00M | $416.00M | $395.00M | - | - |
| Operating Income | $-93.00M | $-93.00M | $113.00M | $140.00M | $131.00M | $9.00M |
| Operating Margin % | -3.3% | -3.3% | 4.8% | 6.0% | 6.1% | 0.6% |
| Interest Expense | - | $4.00M | - | - | - | - |
| Other Income/Expense | $-7.00M | $-7.00M | $1.00M | $-2.00M | $8.00M | $3.00M |
| Income Before Tax | $-100.00M | $-100.00M | $114.00M | $138.00M | $139.00M | $12.00M |
| Income Tax Expense | $-12.00M | $-12.00M | $32.00M | $-110.00M | $10.00M | $7.00M |
| Net Income | $-89.00M | $-89.00M | $81.00M | $247.00M | $128.00M | $5.00M |
| Net Margin % | -3.2% | -3.2% | 3.4% | 10.6% | 6.0% | 0.3% |
| Basic EPS | -0.75 | -0.76 | 0.75 | 2.26 | 1.14 | 0.05 |
| Diluted EPS | -0.76 | -0.76 | 0.74 | 2.24 | 1.13 | 0.05 |
| Basic Shares Outstanding | - | 118.0M | 106.4M | 107.4M | 110.7M | 110.4M |
| Diluted Shares Outstanding | - | 118.0M | 107.1M | 108.4M | 111.2M | 110.5M |
| 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 | $164.00M | $256.00M | $299.00M | $212.00M | $313.00M |
| Accounts Receivable | $874.00M | $388.00M | $384.00M | $398.00M | $304.00M |
| Inventory | $1.19B | $352.00M | $366.00M | $381.00M | $250.00M |
| Other Current Assets | $48.00M | $32.00M | $19.00M | $26.00M | $16.00M |
| Total Current Assets | $2.28B | $1.03B | $1.07B | $1.02B | $883.00M |
| Property Plant & Equipment | $264.00M | $157.00M | $131.00M | $119.00M | $111.00M |
| Goodwill | $617.00M | $230.00M | $139.00M | $116.00M | $67.00M |
| Intangible Assets | $565.00M | $65.00M | $28.00M | $25.00M | $9.00M |
| Other Non-current Assets | $29.00M | $48.00M | $45.00M | $43.00M | $34.00M |
| Total Assets | $3.92B | $1.62B | $1.53B | $1.32B | $1.10B |
| Accounts Payable | $653.00M | $300.00M | $288.00M | $304.00M | $235.00M |
| Accrued Liabilities | $300.00M | $130.00M | $120.00M | $126.00M | $112.00M |
| Deferred Revenue | $50.00M | $31.00M | - | - | - |
| Other Current Liabilities | $21.00M | $12.00M | $10.00M | $9.00M | $22.00M |
| Total Current Liabilities | $974.00M | $442.00M | $418.00M | $439.00M | $369.00M |
| Long-term Debt | $411.00M | - | - | - | - |
| Deferred Tax Liabilities | $99.00M | - | - | $1.00M | - |
| Other Non-current Liabilities | $73.00M | $22.00M | $18.00M | $11.00M | $6.00M |
| Total Liabilities | $1.69B | $493.00M | $466.00M | $476.00M | $392.00M |
| Common Stock | $2.00M | $1.00M | $1.00M | $1.00M | $1.00M |
| Retained Earnings | $-836.00M | $-747.00M | $-828.00M | $-1.07B | $-1.20B |
| Total Stockholders Equity | $2.23B | $1.12B | $1.06B | $842.00M | $712.00M |
| Total Liabilities & Equity | $3.92B | $1.62B | $1.53B | $1.32B | $1.10B |
| 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 | $-89.00M | $-89.00M | $81.00M | $247.00M | $128.00M | $5.00M |
| Depreciation & Amortization | $52.00M | $52.00M | $34.00M | $26.00M | $19.00M | $23.00M |
| Stock-based Compensation | $41.00M | $29.00M | $13.00M | $15.00M | $11.00M | $8.00M |
| Deferred Income Tax | - | $-16.00M | $25.00M | $-119.00M | $1.00M | - |
| Change in Receivables | $57.00M | $-40.00M | $-81.00M | $-16.00M | $95.00M | $97.00M |
| Change in Inventory | $-47.00M | $-107.00M | $-80.00M | $-12.00M | $138.00M | $-3.00M |
| Change in Payables | - | $-37.00M | $-15.00M | $-20.00M | - | - |
| Operating Cash Flow | $168.00M | $155.00M | $298.00M | $188.00M | - | $30.00M |
| Capital Expenditure | $37.00M | $21.00M | $9.00M | $17.00M | $9.00M | $5.00M |
| Acquisitions | $582.00M | $574.00M | $299.00M | $32.00M | $80.00M | $96.00M |
| Investing Cash Flow | $-611.00M | $-590.00M | $-304.00M | $-48.00M | $-87.00M | $-96.00M |
| Stock Repurchased | $72.00M | $37.00M | $23.00M | $50.00M | $7.00M | - |
| Financing Cash Flow | $282.00M | $339.00M | $-33.00M | $-55.00M | $-10.00M | $-6.00M |
| Net Change in Cash | $-153.00M | $-92.00M | $-43.00M | $87.00M | $-101.00M | $-74.00M |
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 | $634.00M | - | $1.86B | - |
| Cost of Revenue | $489.00M | - | $1.43B | - |
| Operating Income | $33.00M | - | $95.00M | - |
| Other Income/Expense | $-1.00M | - | $-1.00M | - |
| Income Before Tax | $32.00M | - | $94.00M | - |
| Income Tax Expense | $7.00M | - | $21.00M | - |
| Net Income | $25.00M | $25.00M | $72.00M | - |
| Basic EPS | 0.23 | - | 0.66 | - |
| Diluted EPS | 0.23 | - | 0.66 | - |
| Basic Shares Outstanding | $105.01M | - | $105.48M | - |
| Diluted Shares Outstanding | $105.61M | - | $106.12M | - |
Condensed Consolidated Balance Sheets
| Description | Sep 30, 2025 | Dec 31, 2024 |
|---|---|---|
| Cash & Cash Equivalents | $266.00M | $256.00M |
| Accounts Receivable | $429.00M | $388.00M |
| Inventory | $377.00M | $352.00M |
| Other Current Assets | $24.00M | $32.00M |
| Total Current Assets | $1.10B | $1.03B |
| Property Plant & Equipment | $149.00M | $157.00M |
| Goodwill | $235.00M | $230.00M |
| Intangible Assets | $60.00M | $65.00M |
| Other Non-current Assets | $44.00M | $48.00M |
| Total Assets | $1.66B | $1.62B |
| Accounts Payable | $305.00M | $300.00M |
| Accrued Liabilities | $118.00M | $130.00M |
| Other Current Liabilities | $12.00M | $12.00M |
| Total Current Liabilities | $435.00M | $442.00M |
| Other Non-current Liabilities | $15.00M | $22.00M |
| Total Liabilities | $475.00M | $493.00M |
| Common Stock | $1.00M | $1.00M |
| Retained Earnings | $-675.00M | $-747.00M |
| Total Stockholders Equity | $1.18B | $1.12B |
| Total Liabilities & Equity | $1.66B | $1.62B |
Condensed Consolidated Statements of Cash Flows
| Description | Sep 30, 2025 | Sep 30, 2025 | ||
|---|---|---|---|---|
| Current | Prior Year | Current YTD | Prior Year YTD | |
| Net Income | $25.00M | $25.00M | $72.00M | - |
| Depreciation & Amortization | $11.00M | - | $32.00M | - |
| Stock-based Compensation | - | - | $12.00M | - |
| Deferred Income Tax | - | - | $17.00M | - |
| Change in Receivables | - | - | $35.00M | - |
| Change in Inventory | - | - | $24.00M | - |
| Operating Cash Flow | - | - | $72.00M | - |
| Capital Expenditure | - | - | $14.00M | - |
| Acquisitions | - | - | $8.00M | - |
| Investing Cash Flow | - | - | $-19.00M | - |
| Stock Repurchased | - | - | $27.00M | - |
| Financing Cash Flow | - | - | $-45.00M | - |
| Net Change in Cash | - | - | $10.00M | - |
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.