$12.46B
Revenue
$-313.00M
Net Income
30.22%
Gross Margin
0.14%
Op. Margin
$522.00M
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 | $12.46B | $12.46B | $11.85B | $12.00B | $12.22B | $13.71B |
| Revenue Growth % | 0.0% | 5.1% | -1.3% | -1.8% | -10.9% | nan% |
| Cost of Revenue | $8.69B | $8.69B | $8.28B | $8.34B | $8.80B | $9.81B |
| Gross Profit | $3.77B | $3.77B | $3.57B | $3.67B | $3.42B | $3.90B |
| Gross Margin % | 30.2% | 30.2% | 30.2% | 30.6% | 28.0% | 28.4% |
| Operating Expenses | $3.75B | $3.75B | $4.04B | $4.48B | $4.80B | $3.99B |
| Operating Income | $17.00M | $17.00M | $-461.00M | $-813.00M | $-1.38B | $-94.00M |
| Operating Margin % | 0.1% | 0.1% | -3.9% | -6.8% | -11.3% | -0.7% |
| Interest Expense | $240.00M | $165.00M | $83.00M | $63.00M | $27.00M | $27.00M |
| Interest Income | - | $45.00M | $54.00M | $47.00M | - | - |
| Other Income/Expense | $31.00M | $31.00M | $-21.00M | $1.00M | $-4.00M | $-4.00M |
| Income Before Tax | $-304.00M | $-304.00M | $-482.00M | $-729.00M | $-1.32B | $-130.00M |
| Income Tax Expense | $9.00M | $9.00M | $10.00M | $9.00M | $12.00M | $1.00M |
| Net Income | $-313.00M | $-313.00M | $-492.00M | $-738.00M | $-1.33B | $-131.00M |
| Net Margin % | -2.5% | -2.5% | -4.2% | -6.1% | -10.9% | -1.0% |
| Basic EPS | nan | -2.44 | -4.01 | -6.47 | -12.54 | -1.26 |
| Diluted EPS | nan | -2.44 | -4.01 | -6.47 | -12.54 | -1.26 |
| Basic Shares Outstanding | - | 128.0M | 123.0M | 114.0M | 106.0M | 104.0M |
| Diluted Shares Outstanding | - | 128.0M | 123.0M | 114.0M | 106.0M | 104.0M |
| 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 | $1.48B | $1.32B | $1.32B | $1.05B | $1.71B |
| Short-term Investments | $66.00M | $56.00M | $29.00M | $228.00M | $693.00M |
| Accounts Receivable | $132.00M | $155.00M | $140.00M | $272.00M | $226.00M |
| Inventory | $71.00M | $76.00M | $75.00M | $90.00M | $69.00M |
| Other Current Assets | $46.00M | $41.00M | $289.00M | $293.00M | $318.00M |
| Total Current Assets | $2.00B | $1.88B | $1.85B | $1.93B | $3.01B |
| Property Plant & Equipment | $516.00M | $603.00M | $748.00M | $774.00M | $674.00M |
| Goodwill | $400.00K | $400.00K | - | - | - |
| Long-term Investments | $20.00M | $15.00M | - | - | - |
| Other Non-current Assets | $61.00M | $54.00M | $51.00M | $34.00M | $35.00M |
| Total Assets | $3.44B | $3.46B | $3.47B | $3.58B | $4.57B |
| Accounts Payable | $1.20B | $1.25B | $1.23B | $1.20B | $1.17B |
| Deferred Revenue | $265.00M | $212.00M | - | - | - |
| Other Current Liabilities | $927.00M | $1.12B | $949.00M | $868.00M | $1.05B |
| Total Current Liabilities | $2.13B | $2.37B | $2.18B | $2.07B | $2.22B |
| Long-term Debt | $3.27B | $3.12B | $3.09B | $3.14B | $3.05B |
| Other Non-current Liabilities | $25.00M | $33.00M | $44.00M | $28.00M | $28.00M |
| Total Liabilities | $6.22B | $6.21B | $6.18B | $6.13B | $6.19B |
| Retained Earnings | $-4.82B | $-4.51B | $-4.02B | $-3.28B | $-1.95B |
| Total Stockholders Equity | $-2.78B | $-2.75B | $-2.71B | $-2.55B | $-1.62B |
| Total Liabilities & Equity | $3.44B | $3.46B | $3.47B | $3.58B | $4.57B |
| 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 | $-313.00M | $-313.00M | $-492.00M | $-738.00M | $-1.33B | $-131.00M |
| Depreciation & Amortization | $305.00M | $305.00M | $387.00M | $417.00M | $371.00M | $322.00M |
| Stock-based Compensation | $563.00M | $335.00M | $395.00M | $605.00M | $513.00M | $344.00M |
| Change in Receivables | $-94.00M | $-29.00M | $35.00M | $-132.00M | $48.00M | $118.00M |
| Change in Inventory | $19.00M | $-6.00M | $2.00M | $-16.00M | $21.00M | $17.00M |
| Operating Cash Flow | $615.00M | $534.00M | $317.00M | $349.00M | $-674.00M | $410.00M |
| Capital Expenditure | $93.00M | $70.00M | $73.00M | $148.00M | $186.00M | $101.00M |
| Purchases of Investments | $188.00M | $115.00M | $67.00M | $36.00M | $430.00M | - |
| Investing Cash Flow | $-319.00M | $-219.00M | $-262.00M | $-152.00M | $1.00M | $-515.00M |
| Stock Repurchased | - | - | - | - | $75.00M | $300.00M |
| Financing Cash Flow | $-49.00M | $-129.00M | $-69.00M | $77.00M | $16.00M | $-303.00M |
| Net Change in Cash | $180.00M | $156.00M | $-6.00M | $276.00M | $-656.00M | $-424.00M |
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 | $3.12B | $2.88B | $9.12B | $8.73B |
| Cost of Revenue | $2.18B | $2.01B | $6.37B | $6.10B |
| Gross Profit | $934.00M | $873.00M | $2.75B | $2.63B |
| Operating Expenses | $896.00M | $947.00M | $2.82B | $2.98B |
| Operating Income | $38.00M | $-74.00M | $-67.00M | $-344.00M |
| Interest Expense | - | - | $98.00M | $49.00M |
| Other Income/Expense | $-5.00M | $8.00M | $28.00M | $3.00M |
| Income Before Tax | $-97.00M | $-71.00M | $-190.00M | $-356.00M |
| Income Tax Expense | $2.00M | $3.00M | $7.00M | $8.00M |
| Net Income | $-99.00M | $-74.00M | $-197.00M | $-364.00M |
| Basic EPS | -0.76 | -0.60 | -1.54 | -2.98 |
| Diluted EPS | -0.76 | -0.60 | -1.54 | -2.98 |
| Basic Shares Outstanding | $130.00M | $123.00M | $128.00M | $122.00M |
| Diluted Shares Outstanding | $130.00M | $123.00M | $128.00M | $122.00M |
Condensed Consolidated Balance Sheets
| Description | Sep 30, 2025 | Dec 31, 2024 |
|---|---|---|
| Cash & Cash Equivalents | $1.17B | $1.32B |
| Short-term Investments | $54.00M | $56.00M |
| Accounts Receivable | $129.00M | $155.00M |
| Inventory | $70.00M | $76.00M |
| Other Current Assets | $254.00M | $274.00M |
| Total Current Assets | $1.68B | $1.88B |
| Property Plant & Equipment | $523.00M | $603.00M |
| Other Non-current Assets | $61.00M | $54.00M |
| Total Assets | $3.12B | $3.46B |
| Accounts Payable | $1.20B | $1.25B |
| Other Current Liabilities | $1.05B | $1.12B |
| Total Current Liabilities | $2.25B | $2.37B |
| Long-term Debt | $2.75B | $2.88B |
| Other Non-current Liabilities | $25.00M | $33.00M |
| Total Liabilities | $5.88B | $6.21B |
| Retained Earnings | $-4.71B | $-4.51B |
| Total Stockholders Equity | $-2.77B | $-2.75B |
| Total Liabilities & Equity | $3.12B | $3.46B |
Condensed Consolidated Statements of Cash Flows
| Description | Sep 30, 2025 | Sep 30, 2025 | ||
|---|---|---|---|---|
| Current | Prior Year | Current YTD | Prior Year YTD | |
| Net Income | $-99.00M | $-74.00M | $-197.00M | $-364.00M |
| Depreciation & Amortization | $75.00M | $94.00M | $234.00M | $297.00M |
| Stock-based Compensation | - | - | $252.00M | $309.00M |
| Change in Receivables | - | - | $-33.00M | $34.00M |
| Change in Inventory | - | - | $-7.00M | $7.00M |
| Operating Cash Flow | - | - | $332.00M | $155.00M |
| Capital Expenditure | - | - | $45.00M | $53.00M |
| Purchases of Investments | - | - | $76.00M | $37.00M |
| Investing Cash Flow | - | - | $-150.00M | $-178.00M |
| Financing Cash Flow | - | - | $-303.00M | $3.00M |
| Net Change in Cash | - | - | $-149.00M | $-26.00M |
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.