$12.46B
Revenue
$-313.00M
Net Income
30.22%
Gross Margin
0.14%
Op. Margin
$522.00M
Free Cash Flow
| Breakdown | Q4 2025 (Dec 31, 2025) |
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) |
|---|---|---|---|---|---|---|---|
| Total Revenue | $3.34B | $3.12B | $3.27B | $2.73B | $3.12B | $2.88B | $3.12B |
| Revenue Growth % (YoY) | 6.9% | 8.1% | 5.0% | nan% | nan% | nan% | nan% |
| Cost of Revenue | $2.33B | $2.18B | $2.29B | $1.89B | $2.18B | $2.01B | $2.18B |
| Gross Profit | $1.01B | $934.00M | $984.00M | $837.00M | $941.00M | $873.00M | $941.00M |
| Gross Margin % | 30.3% | 30.0% | 30.1% | 30.7% | 30.2% | 30.3% | 30.2% |
| Operating Expenses | $926.00M | $896.00M | $967.00M | $959.00M | $1.06B | $947.00M | $976.00M |
| Operating Income | $84.00M | $38.00M | $17.00M | $-122.00M | $-117.00M | $-74.00M | $-35.00M |
| Operating Margin % | 2.5% | 1.2% | 0.5% | -4.5% | -3.7% | -2.6% | -1.1% |
| Interest Expense | $67.00M | $98.00M | $59.00M | $16.00M | $34.00M | $49.00M | $31.00M |
| Other Income/Expense | $3.00M | $-5.00M | $23.00M | $10.00M | $-24.00M | $8.00M | $-1.00M |
| Income Before Tax | $-114.00M | $-97.00M | $17.00M | $-110.00M | $-126.00M | $-71.00M | $-40.00M |
| Income Tax Expense | $2.00M | $2.00M | $2.00M | $3.00M | $2.00M | $3.00M | $2.00M |
| Net Income | $-116.00M | $-99.00M | $15.00M | $-113.00M | $-128.00M | $-74.00M | $-42.00M |
| Net Margin % | -3.5% | -3.2% | 0.5% | -4.1% | -4.1% | -2.6% | -1.3% |
| Basic EPS | nan | -0.76 | 0.11 | -0.89 | -1.03 | -0.60 | -0.34 |
| Diluted EPS | nan | -0.76 | 0.11 | -0.89 | -1.03 | -0.60 | -0.34 |
| Basic Shares Outstanding | - | 130.0M | 128.0M | 127.0M | 1.0M | 123.0M | 122.0M |
| Diluted Shares Outstanding | - | 130.0M | 129.0M | 127.0M | 1.0M | 123.0M | 122.0M |
| Breakdown | Q4 2025 (Dec 31, 2025) |
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) |
|---|---|---|---|---|---|---|---|
| Cash & Cash Equivalents | $1.48B | $1.17B | $1.33B | $1.34B | $1.32B | $1.30B | $1.30B |
| Short-term Investments | $66.00M | $54.00M | $52.00M | $30.00M | $56.00M | $32.00M | $39.00M |
| Accounts Receivable | $132.00M | $129.00M | $110.00M | $140.00M | $155.00M | $155.00M | $161.00M |
| Inventory | $71.00M | $70.00M | $89.00M | $90.00M | $76.00M | $81.00M | $78.00M |
| Other Current Assets | $46.00M | $254.00M | $233.00M | $295.00M | $41.00M | $248.00M | $240.00M |
| Total Current Assets | $2.00B | $1.68B | $1.81B | $1.89B | $1.88B | $1.81B | $1.82B |
| Property Plant & Equipment | $516.00M | $523.00M | $540.00M | $556.00M | $603.00M | $658.00M | $680.00M |
| Goodwill | $400.00K | - | - | - | $400.00K | - | - |
| Long-term Investments | $20.00M | - | - | - | $15.00M | - | - |
| Other Non-current Assets | $61.00M | $61.00M | $60.00M | $58.00M | $54.00M | $56.00M | $54.00M |
| Total Assets | $3.44B | $3.12B | $3.28B | $3.42B | $3.46B | $3.41B | $3.44B |
| Accounts Payable | $1.20B | $1.20B | $1.14B | $1.12B | $1.25B | $1.19B | $1.17B |
| Deferred Revenue | $265.00M | - | - | - | $212.00M | - | - |
| Other Current Liabilities | $927.00M | $1.05B | $1.07B | $1.16B | $1.12B | $982.00M | $1.04B |
| Total Current Liabilities | $2.13B | $2.25B | $2.21B | $2.28B | $2.37B | $2.17B | $2.21B |
| Long-term Debt | $3.27B | $2.75B | $2.88B | $3.00B | $3.12B | $3.06B | $3.06B |
| Other Non-current Liabilities | $25.00M | $25.00M | $29.00M | $31.00M | $33.00M | $33.00M | $37.00M |
| Total Liabilities | $6.22B | $5.88B | $6.00B | $6.23B | $6.21B | $6.15B | $6.20B |
| Retained Earnings | $-4.82B | $-4.71B | $-4.61B | $-4.62B | $-4.51B | $-4.38B | $-4.31B |
| Total Stockholders Equity | $-2.78B | $-2.77B | $-2.72B | $-2.81B | $-2.75B | $-2.73B | $-2.76B |
| Total Liabilities & Equity | $3.44B | $3.12B | $3.28B | $3.42B | $3.46B | $3.41B | $3.44B |
| Breakdown | Q4 2025 (Dec 31, 2025) |
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) |
|---|---|---|---|---|---|---|---|
| Net Income | $-116.00M | $-99.00M | $15.00M | $-113.00M | $-128.00M | $-364.00M | $-42.00M |
| Depreciation & Amortization | $71.00M | $75.00M | $78.00M | $81.00M | $90.00M | $297.00M | $203.00M |
| Stock-based Compensation | $83.00M | $252.00M | $164.00M | $64.00M | $86.00M | $309.00M | $214.00M |
| Change in Receivables | $4.00M | $-33.00M | $-49.00M | $-16.00M | $1.00M | $34.00M | $37.00M |
| Change in Inventory | $1.00M | $-7.00M | $11.00M | $14.00M | $-5.00M | $7.00M | $4.00M |
| Operating Cash Flow | $202.00M | $332.00M | $177.00M | $-96.00M | $162.00M | $155.00M | $106.00M |
| Capital Expenditure | $25.00M | $45.00M | $18.00M | $5.00M | $20.00M | $53.00M | $36.00M |
| Purchases of Investments | $39.00M | $76.00M | $55.00M | $18.00M | $30.00M | $37.00M | $38.00M |
| Investing Cash Flow | $-69.00M | $-150.00M | $-83.00M | $-17.00M | $-84.00M | $-178.00M | $-127.00M |
| Financing Cash Flow | $174.00M | $-303.00M | $-60.00M | $140.00M | $-72.00M | $3.00M | $3.00M |
| Net Change in Cash | $305.00M | $-149.00M | $6.00M | $18.00M | $20.00M | $-26.00M | $-18.00M |
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-Q filings.
Quarterly data represents single quarter results (Q1-Q4). Some items may show year-to-date values if quarterly breakdown is unavailable.