$574.14M
Revenue
$-225.79M
Net Income
32.78%
Gross Margin
-14.07%
Op. Margin
$-139.79M
Free Cash Flow
| Breakdown | TTM (Sep 30, 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) |
|---|---|---|---|---|---|---|
| Total Revenue | $574.14M | $592.65M | $480.46M | $407.22M | $118.88M | $18.12M |
| Revenue Growth % | -3.1% | 23.4% | 18.0% | 242.5% | 556.1% | nan% |
| Cost of Revenue | $385.94M | $393.13M | $282.89M | $221.63M | - | - |
| Gross Profit | $188.21M | $199.52M | $197.57M | $185.60M | - | - |
| Gross Margin % | 32.8% | 33.7% | 41.1% | 45.6% | nan% | nan% |
| Operating Expenses | $654.93M | $644.87M | $458.13M | $425.13M | $118.06M | $33.22M |
| Operating Income | $-80.78M | $-52.22M | $22.33M | $-17.90M | $824.00K | $-15.10M |
| Operating Margin % | -14.1% | -8.8% | 4.6% | -4.4% | 0.7% | -83.3% |
| Interest Expense | $204.37M | $119.67M | $109.39M | $66.85M | $14.98M | $6.40M |
| Other Income/Expense | $685.00K | $-332.00K | $1.23M | $5.38M | $750.00K | $-1.01M |
| Income Before Tax | $-233.55M | $-192.60M | $-96.36M | $-107.38M | $-35.12M | $-18.55M |
| Income Tax Expense | $-5.00M | $-2.75M | $-6.25M | $18.81M | $-3.54M | $-3.69M |
| Net Income | $-225.79M | $-189.85M | $-90.11M | $-126.19M | $-31.58M | $-14.86M |
| Net Margin % | -39.3% | -32.0% | -18.8% | -31.0% | -26.6% | -82.0% |
| Basic EPS | -13.35 | -11.60 | -5.85 | -7.66 | -2.15 | -1.25 |
| Diluted EPS | -13.35 | -11.60 | -5.85 | -7.66 | -2.15 | -1.25 |
| Basic Shares Outstanding | 17.9M | 17.0M | 16.6M | 16.5M | 14.7M | 11.9M |
| Diluted Shares Outstanding | 17.9M | 17.0M | 16.6M | 16.5M | 14.7M | 11.9M |
| Breakdown | 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) |
|---|---|---|---|---|---|
| Cash & Cash Equivalents | $23.38M | $37.04M | $28.67M | $56.66M | $3.94M |
| Accounts Receivable | $19.42M | $21.15M | $23.88M | $19.55M | $4.21M |
| Inventory | $8.42M | $9.31M | $6.92M | $5.93M | - |
| Other Current Assets | $11.20M | $10.49M | $6.09M | $11.85M | $2.37M |
| Total Current Assets | $88.03M | $121.01M | $95.70M | $118.51M | $24.42M |
| Property Plant & Equipment | $97.39M | $100.52M | $79.19M | $80.50M | $483.00K |
| Goodwill | $285.34M | $305.09M | $293.28M | $295.13M | $10.91M |
| Intangible Assets | $595.69M | $620.62M | $625.29M | $652.79M | $47.71M |
| Other Non-current Assets | $5.87M | $5.37M | $4.00M | $2.53M | $1.06M |
| Total Assets | $1.29B | $1.39B | $1.21B | $1.27B | $121.14M |
| Accounts Payable | $38.73M | $21.81M | $18.33M | $27.53M | $8.62M |
| Accrued Liabilities | $68.08M | $58.90M | $52.80M | $46.30M | $19.83M |
| Deferred Revenue | $2.27M | $2.49M | $2.02M | $2.64M | $1.89M |
| Other Current Liabilities | - | - | - | $10.50M | $17.00K |
| Total Current Liabilities | $298.32M | $276.60M | $267.02M | $198.49M | $73.18M |
| Long-term Debt | $1.21B | $1.11B | $958.63M | $904.26M | $73.85M |
| Deferred Tax Liabilities | $13.77M | $18.80M | $27.18M | $12.92M | - |
| Other Non-current Liabilities | $3.33M | $4.68M | $2.33M | $976.00K | $82.00K |
| Total Liabilities | $1.74B | $1.64B | $1.37B | $1.23B | $163.03M |
| Common Stock | - | - | $-26.02M | $-24.84M | $-42.77M |
| Retained Earnings | $-458.62M | $-268.78M | $-178.67M | $-52.48M | $-20.90M |
| Total Stockholders Equity | $-455.71M | $-255.86M | $-159.18M | $-21.66M | $-41.88M |
| Total Liabilities & Equity | $1.29B | $1.39B | $1.21B | $1.27B | $121.14M |
| Breakdown | TTM (Sep 30, 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) |
|---|---|---|---|---|---|---|
| Net Income | $-271.76M | $-189.85M | $-90.11M | $-126.19M | $-31.58M | $-14.86M |
| Depreciation & Amortization | $37.03M | $41.53M | $31.13M | $27.02M | $8.47M | $1.17M |
| Stock-based Compensation | $30.54M | $2.33M | $3.62M | $7.62M | $1.64M | $99.00K |
| Change in Receivables | $-5.27M | $-696.00K | $-12.57M | $24.52M | $4.71M | $-554.00K |
| Change in Inventory | $-1.57M | $-886.00K | $2.38M | - | - | - |
| Change in Payables | $28.00M | $16.92M | $3.48M | $-9.20M | $5.37M | $-9.00K |
| Operating Cash Flow | $-118.42M | $-56.25M | $-35.61M | $-47.40M | $682.00K | $-11.48M |
| Capital Expenditure | $21.36M | $22.80M | $18.90M | $21.42M | $10.42M | $460.00K |
| Acquisitions | - | - | $38.60M | $1.02M | $721.38M | $23.92M |
| Investing Cash Flow | $-7.68M | $-26.47M | $-59.80M | $-12.50M | $-723.20M | $-36.58M |
| Dividends Paid | $2.41M | $9.55M | $9.34M | $8.90M | $7.47M | $318.00K |
| Financing Cash Flow | $50.50M | $58.20M | $118.55M | $28.74M | $815.23M | $55.24M |
| Net Change in Cash | $-75.60M | $-24.51M | $23.14M | $-31.16M | $92.71M | $7.19M |
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 | $140.01M | $143.37M | $428.86M | $447.37M |
| Cost of Revenue | $94.61M | $96.79M | $288.76M | $295.95M |
| Operating Expenses | $157.38M | $152.20M | $470.35M | $460.29M |
| Operating Income | $-17.37M | $-8.83M | $-41.48M | $-12.92M |
| Interest Expense | - | - | $88.36M | $88.05M |
| Other Income/Expense | $173.00K | $-252.00K | $218.00K | $-800.00K |
| Income Before Tax | $-58.35M | $-44.61M | $-157.81M | $-116.86M |
| Income Tax Expense | $1.10M | $143.00K | $3.33M | $5.57M |
| Net Income | $-58.22M | $-44.76M | $-158.38M | $-122.43M |
| Basic EPS | -3.39 | -2.74 | -9.30 | -7.54 |
| Diluted EPS | -3.39 | -2.74 | -9.30 | -7.54 |
| Basic Shares Outstanding | $17.87M | $17.05M | $17.76M | $17.00M |
| Diluted Shares Outstanding | $17.87M | $17.05M | $17.76M | $17.00M |
Condensed Consolidated Balance Sheets
| Description | Sep 30, 2025 | Dec 31, 2024 |
|---|---|---|
| Cash & Cash Equivalents | $2.05M | $23.38M |
| Accounts Receivable | $13.99M | $19.42M |
| Inventory | $7.45M | $8.42M |
| Other Current Assets | $13.69M | $11.20M |
| Total Current Assets | $49.14M | $88.03M |
| Property Plant & Equipment | $87.19M | $97.39M |
| Goodwill | $285.34M | $285.34M |
| Intangible Assets | $584.00M | $595.69M |
| Other Non-current Assets | $7.44M | $5.87M |
| Total Assets | $1.21B | $1.29B |
| Accounts Payable | $47.69M | $38.73M |
| Accrued Liabilities | $88.62M | $68.08M |
| Deferred Revenue | $2.16M | $2.27M |
| Total Current Liabilities | $1.57B | $298.32M |
| Long-term Debt | $2.46M | $1.21B |
| Deferred Tax Liabilities | $15.14M | $13.77M |
| Other Non-current Liabilities | $3.33M | $3.33M |
| Total Liabilities | $1.80B | $1.74B |
| Retained Earnings | $-611.78M | $-458.62M |
| Total Stockholders Equity | $-585.82M | $-455.71M |
| Total Liabilities & Equity | $1.21B | $1.29B |
Condensed Consolidated Statements of Cash Flows
| Description | Sep 30, 2025 | Sep 30, 2025 | ||
|---|---|---|---|---|
| Current | Prior Year | Current YTD | Prior Year YTD | |
| Net Income | $-58.22M | $-44.76M | $-158.38M | $-122.43M |
| Depreciation & Amortization | $7.91M | $10.74M | $26.68M | $31.18M |
| Stock-based Compensation | - | - | $16.67M | $1.96M |
| Change in Receivables | - | - | $-2.45M | $-2.10M |
| Change in Inventory | - | - | $-971.00K | $-838.00K |
| Change in Payables | - | - | $8.96M | $8.25M |
| Operating Cash Flow | - | - | $-54.67M | $-45.84M |
| Capital Expenditure | - | - | $9.28M | $22.21M |
| Investing Cash Flow | - | - | $-4.72M | $-25.96M |
| Dividends Paid | - | - | - | $7.14M |
| Financing Cash Flow | - | - | $14.66M | $46.64M |
| Net Change in Cash | - | - | $-44.73M | $-25.16M |
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.