$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) |
FY 2020 (Dec 31, 2020) |
FY 2019 (Dec 31, 2019) |
FY 2018 (Dec 31, 2018) |
FY 2017 (Dec 31, 2017) |
FY 2016 (Dec 31, 2016) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | $12.46B | $12.46B | $11.85B | $12.00B | $12.22B | $13.71B | $14.15B | $9.13B | $6.78B | $4.72B | $3.38B |
| Revenue Growth % | 0.0% | 5.1% | -1.3% | -1.8% | -10.9% | -3.1% | 55.0% | 34.6% | 43.6% | 39.7% | nan% |
| Cost of Revenue | $8.69B | $8.69B | $8.28B | $8.34B | $8.80B | $9.81B | $10.03B | $6.98B | $5.19B | $3.60B | $2.57B |
| Gross Profit | $3.77B | $3.77B | $3.57B | $3.67B | $3.42B | $3.90B | $4.11B | $2.15B | $1.59B | $1.12B | $807.81M |
| Gross Margin % | 30.2% | 30.2% | 30.2% | 30.6% | 28.0% | 28.4% | 29.1% | 23.5% | 23.4% | 23.7% | 23.9% |
| Operating Expenses | $3.75B | $3.75B | $4.04B | $4.48B | $4.80B | $3.99B | $3.75B | $3.08B | $2.06B | $1.35B | $1.00B |
| Operating Income | $17.00M | $17.00M | $-461.00M | $-813.00M | $-1.38B | $-94.00M | $360.35M | $-929.94M | $-473.28M | $-235.45M | $-196.22M |
| Operating Margin % | 0.1% | 0.1% | -3.9% | -6.8% | -11.3% | -0.7% | 2.5% | -10.2% | -7.0% | -5.0% | -5.8% |
| Interest Expense | $240.00M | $165.00M | $83.00M | $63.00M | $27.00M | $27.00M | $17.41M | $7.76M | $1.55M | - | - |
| Interest Income | - | $45.00M | $54.00M | $47.00M | - | - | - | - | - | - | - |
| Other Income/Expense | $31.00M | $31.00M | $-21.00M | $1.00M | $-4.00M | $-4.00M | $-8.63M | $2.88M | $-204.00K | $758.00K | $1.76M |
| Income Before Tax | $-304.00M | $-304.00M | $-482.00M | $-729.00M | $-1.32B | $-130.00M | $205.00M | $-982.00M | $-502.04M | $-244.13M | $-193.77M |
| Income Tax Expense | $9.00M | $9.00M | $10.00M | $9.00M | $12.00M | $1.00M | $20.32M | $3.01M | $2.04M | $486.00K | $608.00K |
| Net Income | $-313.00M | $-313.00M | $-492.00M | $-738.00M | $-1.33B | $-131.00M | $185.00M | $-984.58M | $-504.08M | $-244.61M | $-194.38M |
| Net Margin % | -2.5% | -2.5% | -4.2% | -6.1% | -10.9% | -1.0% | 1.3% | -10.8% | -7.4% | -5.2% | -5.8% |
| Basic EPS | nan | -2.44 | -4.01 | -6.47 | -12.54 | -1.26 | 1.93 | -10.68 | -5.63 | nan | nan |
| Diluted EPS | nan | -2.44 | -4.01 | -6.47 | -12.54 | -1.26 | 1.86 | -10.68 | -5.63 | nan | nan |
| Basic Shares Outstanding | - | 128.0M | 123.0M | 114.0M | 106.0M | 104.0M | 95.8M | 92.2M | 89.5M | - | - |
| Diluted Shares Outstanding | - | 128.0M | 123.0M | 114.0M | 106.0M | 104.0M | 99.3M | 92.2M | 89.5M | - | - |
| 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) |
FY 2020 (Dec 31, 2020) |
FY 2019 (Dec 31, 2019) |
FY 2018 (Dec 31, 2018) |
FY 2017 (Dec 31, 2017) |
FY 2016 (Dec 31, 2016) |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Cash Equivalents | $1.48B | $1.32B | $1.32B | $1.05B | $1.71B | - | - | $849.46M | $558.96M | $279.84M |
| Short-term Investments | $66.00M | $56.00M | $29.00M | $228.00M | $693.00M | $461.70M | $404.25M | $114.28M | $61.03M | $68.74M |
| Accounts Receivable | $132.00M | $155.00M | $140.00M | $272.00M | $226.00M | $110.30M | $99.72M | $50.60M | $37.95M | $19.11M |
| Inventory | $71.00M | $76.00M | $75.00M | $90.00M | $69.00M | $52.15M | $61.69M | $46.16M | $28.04M | $18.55M |
| Other Current Assets | $46.00M | $41.00M | $289.00M | $293.00M | $318.00M | $292.21M | $228.72M | $195.43M | $130.84M | $90.84M |
| Total Current Assets | $2.00B | $1.88B | $1.85B | $1.93B | $3.01B | $3.05B | $1.38B | $1.26B | $816.82M | $477.09M |
| Property Plant & Equipment | $516.00M | $603.00M | $748.00M | $774.00M | $674.00M | $684.31M | $624.54M | $606.98M | $361.14M | $239.35M |
| Goodwill | $400.00K | $400.00K | - | - | - | - | - | - | - | - |
| Long-term Investments | $20.00M | $15.00M | - | - | - | - | $155.69M | $6.53M | $21.56M | $30.97M |
| Other Non-current Assets | $61.00M | $54.00M | $51.00M | $34.00M | $35.00M | $31.45M | $13.47M | $18.83M | $10.78M | $10.04M |
| Total Assets | $3.44B | $3.46B | $3.47B | $3.58B | $4.57B | $4.57B | $2.95B | $1.89B | $1.21B | $761.68M |
| Accounts Payable | $1.20B | $1.25B | $1.23B | $1.20B | $1.17B | $1.16B | $908.10M | $650.17M | $440.37M | $379.49M |
| Accrued Liabilities | - | - | - | - | - | - | $298.92M | $213.00M | $120.25M | $67.81M |
| Deferred Revenue | $265.00M | $212.00M | - | - | - | - | $167.64M | $148.06M | $94.12M | $65.89M |
| Other Current Liabilities | $927.00M | $1.12B | $949.00M | $868.00M | $1.05B | $1.01B | $236.86M | $128.00M | $85.03M | $44.03M |
| Total Current Liabilities | $2.13B | $2.37B | $2.18B | $2.07B | $2.22B | $2.17B | $1.61B | $1.14B | $739.75M | $557.22M |
| Long-term Debt | $3.27B | $3.12B | $3.09B | $3.14B | $3.05B | $2.66B | $1.46B | $738.90M | $332.90M | - |
| Other Non-current Liabilities | $25.00M | $33.00M | $44.00M | $28.00M | $28.00M | $67.03M | $6.94M | $160.39M | $106.49M | $96.18M |
| Total Liabilities | $6.22B | $6.21B | $6.18B | $6.13B | $6.19B | $5.76B | $3.90B | $2.22B | $1.26B | $682.30M |
| Retained Earnings | $-4.82B | $-4.51B | $-4.02B | $-3.28B | $-1.95B | $-1.89B | $-2.07B | $-1.08B | $-583.27M | $-329.94M |
| Total Stockholders Equity | $-2.78B | $-2.75B | $-2.71B | $-2.55B | $-1.62B | $-1.19B | $-944.21M | $-330.72M | $-48.33M | $79.38M |
| Total Liabilities & Equity | $3.44B | $3.46B | $3.47B | $3.58B | $4.57B | $4.57B | $2.95B | $1.89B | $1.21B | $761.68M |
| 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) |
FY 2020 (Dec 31, 2020) |
FY 2019 (Dec 31, 2019) |
FY 2018 (Dec 31, 2018) |
FY 2017 (Dec 31, 2017) |
FY 2016 (Dec 31, 2016) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $-313.00M | $-313.00M | $-492.00M | $-738.00M | $-1.33B | $-131.00M | $185.00M | $-984.58M | $-504.08M | $-244.61M | $-194.38M |
| Depreciation & Amortization | $305.00M | $305.00M | $387.00M | $417.00M | $371.00M | $322.00M | $285.71M | $192.42M | $123.54M | $87.02M | $55.57M |
| Stock-based Compensation | $563.00M | $335.00M | $395.00M | $605.00M | $513.00M | $344.00M | $276.21M | $227.45M | $127.56M | $67.84M | $49.40M |
| Change in Receivables | $-94.00M | $-29.00M | $35.00M | $-132.00M | $48.00M | $118.00M | $14.73M | $49.19M | $12.79M | $18.17M | $9.22M |
| Change in Inventory | $19.00M | $-6.00M | $2.00M | $-16.00M | $21.00M | $17.00M | $-9.95M | $15.63M | $18.32M | $9.45M | $-1.35M |
| Operating Cash Flow | $615.00M | $534.00M | $317.00M | $349.00M | $-674.00M | $410.00M | $1.42B | $-196.82M | $84.86M | $33.63M | $62.81M |
| Capital Expenditure | $93.00M | $70.00M | $73.00M | $148.00M | $186.00M | $101.00M | $186.04M | $271.74M | $159.21M | $100.45M | $96.71M |
| Purchases of Investments | $188.00M | $115.00M | $67.00M | $36.00M | $430.00M | - | - | $553.86M | $99.00M | $54.55M | $88.11M |
| Investing Cash Flow | $-319.00M | $-219.00M | $-262.00M | $-152.00M | $1.00M | $-515.00M | $-236.07M | $-854.84M | $-260.29M | $-130.34M | $-95.88M |
| Stock Repurchased | - | - | - | - | $75.00M | $300.00M | $380.24M | - | - | - | - |
| Dividends Paid | - | - | - | - | - | - | - | - | - | - | - |
| Financing Cash Flow | $-49.00M | $-129.00M | $-69.00M | $77.00M | $16.00M | $-303.00M | $352.59M | $786.50M | $467.46M | $374.97M | $-20.88M |
| Net Change in Cash | $180.00M | $156.00M | $-6.00M | $276.00M | $-656.00M | $-424.00M | $1.55B | $-266.71M | $290.50M | $279.12M | $-54.34M |
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.