$646.80M
Revenue
$39.06M
Net Income
26.18%
Gross Margin
7.65%
Op. Margin
$43.07M
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 | $646.80M | $646.80M | $518.78M | $516.35M | $496.78M | $490.35M |
| Revenue Growth % | 0.0% | 24.7% | 0.5% | 3.9% | 1.3% | nan% |
| Cost of Revenue | $477.49M | $477.49M | $374.50M | $397.06M | $403.04M | $404.44M |
| Gross Profit | $169.31M | $169.31M | $144.28M | $119.29M | $93.74M | $85.91M |
| Gross Margin % | 26.2% | 26.2% | 27.8% | 23.1% | 18.9% | 17.5% |
| Operating Expenses | $119.86M | $119.86M | $105.66M | $90.01M | $81.73M | $71.92M |
| Selling General & Admin | $109.52M | $109.52M | $97.20M | $87.40M | $77.88M | $71.44M |
| Operating Income | $49.45M | $49.45M | $38.62M | $29.28M | $12.01M | $13.99M |
| Operating Margin % | 7.6% | 7.6% | 7.4% | 5.7% | 2.4% | 2.9% |
| Interest Expense | $4.69M | $3.10M | $1.90M | $2.05M | $2.14M | $2.55M |
| Interest Income | - | $815.00K | $2.23M | $1.22M | - | - |
| Other Income/Expense | $-825.00K | $-825.00K | $1.34M | $-1.18M | $-2.40M | - |
| Income Before Tax | $48.63M | $48.63M | $39.97M | $28.10M | $9.61M | $9.48M |
| Income Tax Expense | $9.56M | $9.56M | $9.09M | $7.35M | $2.81M | $2.76M |
| Net Income | $39.06M | $39.06M | $30.88M | $20.75M | $6.80M | $6.71M |
| Net Margin % | 6.0% | 6.0% | 6.0% | 4.0% | 1.4% | 1.4% |
| Basic EPS | nan | 3.37 | 2.75 | 1.93 | 0.65 | 0.67 |
| Diluted EPS | nan | 3.23 | 2.57 | 1.76 | 0.64 | 0.66 |
| Basic Shares Outstanding | - | 11.6M | 11.2M | 10.8M | 10.4M | 10.0M |
| Diluted Shares Outstanding | - | 12.1M | 12.0M | 11.8M | 10.7M | 10.2M |
| 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 | $11.35M | $44.93M | $59.83M | $36.00M | $14.48M |
| Accounts Receivable | $133.21M | $119.66M | $97.75M | $124.44M | $89.33M |
| Other Current Assets | $4.96M | $8.13M | $7.64M | $3.87M | $5.00M |
| Total Current Assets | $195.05M | $220.33M | $217.00M | $225.99M | $192.91M |
| Goodwill | $70.60M | $33.03M | $16.37M | $11.37M | $11.37M |
| Intangible Assets | $49.19M | $41.23M | $25.00M | $15.34M | $16.91M |
| Other Non-current Assets | $276.00K | $337.00K | $330.00K | $515.00K | $259.00K |
| Total Assets | $381.13M | $352.13M | $304.44M | $294.56M | $267.51M |
| Accounts Payable | $74.17M | $60.81M | $65.27M | $75.12M | $63.84M |
| Accrued Liabilities | $29.42M | $36.83M | - | - | - |
| Deferred Revenue | $20.94M | $44.52M | $42.16M | $44.01M | $26.71M |
| Other Current Liabilities | $621.00K | $485.00K | - | - | - |
| Total Current Liabilities | $135.09M | $151.04M | $145.15M | $159.09M | $129.74M |
| Long-term Debt | $30.54M | $23.55M | $19.63M | $21.53M | $29.82M |
| Other Non-current Liabilities | $3.92M | $6.28M | $2.71M | $2.86M | $3.54M |
| Total Liabilities | $185.47M | $198.64M | $183.52M | $199.11M | $179.67M |
| Common Stock | $1.00K | $1.00K | $1.00K | $1.00K | $1.00K |
| Retained Earnings | $100.33M | $61.26M | $30.39M | $9.63M | $2.83M |
| Total Stockholders Equity | $195.66M | $153.49M | $120.92M | $95.44M | $87.84M |
| Total Liabilities & Equity | $381.13M | $352.13M | $304.44M | $294.56M | $267.51M |
| 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 | $39.06M | $39.06M | $30.88M | $20.75M | $6.80M | $6.71M |
| Depreciation & Amortization | $30.20M | $18.13M | $11.89M | $8.24M | $8.16M | $5.95M |
| Stock-based Compensation | $8.53M | $7.02M | $5.77M | $4.91M | $2.74M | $2.60M |
| Deferred Income Tax | $861.00K | $2.61M | $-352.00K | $-350.00K | $-499.00K | $1.76M |
| Change in Receivables | $-19.82M | $-4.47M | $11.28M | $-32.61M | $35.41M | $-3.41M |
| Change in Payables | $-6.15M | $5.29M | $-10.30M | $-10.91M | $11.28M | $-5.58M |
| Operating Cash Flow | $52.18M | $45.70M | $36.78M | $57.37M | $35.37M | $-24.23M |
| Capital Expenditure | $9.11M | $3.81M | $7.52M | $2.27M | $993.00K | $791.00K |
| Acquisitions | - | - | - | - | - | $18.98M |
| Investing Cash Flow | $-71.66M | $-67.59M | $-42.57M | $-17.09M | $-495.00K | $-19.30M |
| Stock Issued | - | - | - | - | - | $22.77M |
| Stock Repurchased | - | - | - | - | $2.00M | - |
| Financing Cash Flow | $-26.93M | $-11.70M | $-9.12M | $-16.49M | $-13.35M | $15.87M |
| Net Change in Cash | $-46.41M | $-33.59M | $-14.90M | $23.78M | $21.52M | $-27.67M |
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 | $184.58M | - | $459.93M | - |
| Cost of Revenue | $139.90M | - | $338.70M | - |
| Gross Profit | $44.69M | - | $121.23M | - |
| Operating Expenses | $31.34M | - | $89.33M | - |
| Selling General & Admin | $28.33M | - | $81.48M | - |
| Operating Income | $13.35M | - | $31.90M | - |
| Interest Expense | $1.22M | - | $2.33M | - |
| Other Income/Expense | $-790.00K | - | $-588.00K | - |
| Income Before Tax | $12.55M | - | $31.31M | - |
| Income Tax Expense | $3.77M | - | $4.55M | - |
| Net Income | $8.79M | $5.96M | $26.76M | - |
| Basic EPS | 0.76 | - | 2.32 | - |
| Diluted EPS | 0.73 | - | 2.21 | - |
| Basic Shares Outstanding | $11.63M | - | $11.56M | - |
| Diluted Shares Outstanding | $12.11M | - | $12.09M | - |
Condensed Consolidated Balance Sheets
| Description | Sep 30, 2025 | Dec 31, 2024 |
|---|---|---|
| Cash & Cash Equivalents | $9.82M | $44.93M |
| Accounts Receivable | $142.47M | $119.66M |
| Other Current Assets | $11.75M | $8.13M |
| Total Current Assets | $216.82M | $220.33M |
| Goodwill | $69.75M | $33.03M |
| Intangible Assets | $51.49M | $41.23M |
| Other Non-current Assets | $305.00K | $337.00K |
| Total Assets | $409.12M | $352.13M |
| Accounts Payable | $65.91M | $60.81M |
| Deferred Revenue | $37.27M | $44.52M |
| Total Current Liabilities | $151.23M | $151.04M |
| Long-term Debt | $56.27M | $23.55M |
| Other Non-current Liabilities | $3.11M | $6.28M |
| Total Liabilities | $227.56M | $198.64M |
| Common Stock | $1.00K | $1.00K |
| Retained Earnings | $88.03M | $61.26M |
| Total Stockholders Equity | $181.56M | $153.49M |
| Total Liabilities & Equity | $409.12M | $352.13M |
Condensed Consolidated Statements of Cash Flows
| Description | Sep 30, 2025 | Sep 30, 2025 | ||
|---|---|---|---|---|
| Current | Prior Year | Current YTD | Prior Year YTD | |
| Net Income | $8.79M | $5.96M | $26.76M | - |
| Depreciation & Amortization | - | - | $13.06M | - |
| Stock-based Compensation | $1.90M | - | $5.22M | - |
| Deferred Income Tax | - | - | $1.47M | - |
| Change in Receivables | - | - | $4.74M | - |
| Change in Payables | - | - | $-2.97M | - |
| Operating Cash Flow | - | - | $17.57M | - |
| Capital Expenditure | - | - | $3.56M | - |
| Investing Cash Flow | - | - | $-67.91M | - |
| Financing Cash Flow | - | - | $15.22M | - |
| Net Change in Cash | - | - | $-35.11M | - |
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.