$574.14M
Revenue
$-225.79M
Net Income
32.78%
Gross Margin
-14.07%
Op. Margin
$-139.79M
Free Cash Flow
| Breakdown | 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 | $140.01M | $146.84M | $142.02M | $145.28M | $143.37M | $152.04M |
| Revenue Growth % (YoY) | -2.3% | -3.4% | nan% | nan% | nan% | nan% |
| Cost of Revenue | $94.61M | $98.05M | $96.10M | $97.18M | $96.79M | $100.11M |
| Gross Profit | $45.40M | $48.79M | $45.92M | $48.10M | $46.57M | $51.93M |
| Gross Margin % | 32.4% | 33.2% | 32.3% | 33.1% | 32.5% | 34.2% |
| Operating Expenses | $157.38M | $162.39M | $150.59M | $184.58M | $152.20M | $154.74M |
| Operating Income | $-17.37M | $-15.55M | $-8.57M | $-39.30M | $-8.83M | $-2.70M |
| Operating Margin % | -12.4% | -10.6% | -6.0% | -27.1% | -6.2% | -1.8% |
| Interest Expense | $88.36M | $57.88M | $26.50M | $31.63M | $88.05M | $58.55M |
| Other Income/Expense | $173.00K | $7.00K | $37.00K | $468.00K | $-252.00K | $-752.00K |
| Income Before Tax | $-58.35M | $-54.91M | $-44.54M | $-75.74M | $-44.61M | $-37.46M |
| Income Tax Expense | $1.10M | $457.00K | $1.77M | $-8.32M | $143.00K | $1.90M |
| Net Income | $-58.22M | $-54.19M | $-45.97M | $-67.42M | $-44.76M | $-39.36M |
| Net Margin % | -41.6% | -36.9% | -32.4% | -46.4% | -31.2% | -25.9% |
| Basic EPS | -3.39 | -3.17 | -2.73 | -4.06 | -2.74 | -2.43 |
| Diluted EPS | -3.39 | -3.17 | -2.73 | -4.06 | -2.74 | -2.43 |
| Basic Shares Outstanding | 17.9M | 17.8M | 17.6M | 42K | 17.1M | 17.0M |
| Diluted Shares Outstanding | 17.9M | 17.8M | 17.6M | 42K | 17.1M | 17.0M |
| Breakdown | 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 | $2.05M | $7.65M | $12.15M | $23.38M | $16.84M | $16.58M |
| Accounts Receivable | $13.99M | $16.11M | $17.07M | $19.42M | $18.26M | $21.85M |
| Inventory | $7.45M | $7.73M | $8.56M | $8.42M | $8.47M | $8.87M |
| Other Current Assets | $13.69M | $13.78M | $15.54M | $11.20M | $14.05M | $13.38M |
| Total Current Assets | $49.14M | $71.05M | $83.08M | $88.03M | $91.42M | $101.11M |
| Property Plant & Equipment | $87.19M | $89.84M | $91.46M | $97.39M | $104.94M | $103.08M |
| Goodwill | $285.34M | $285.34M | $285.34M | $285.34M | $305.05M | $305.05M |
| Intangible Assets | $584.00M | $587.89M | $591.78M | $595.69M | $608.46M | $612.80M |
| Other Non-current Assets | $7.44M | $7.15M | $5.72M | $5.87M | $5.78M | $6.05M |
| Total Assets | $1.21B | $1.25B | $1.27B | $1.29B | $1.34B | $1.36B |
| Accounts Payable | $47.69M | $42.49M | $45.33M | $38.73M | $30.05M | $17.96M |
| Accrued Liabilities | $88.62M | $79.90M | $73.26M | $68.08M | $66.71M | $59.61M |
| Deferred Revenue | $2.16M | $2.20M | $2.51M | $2.27M | $2.30M | $2.38M |
| Total Current Liabilities | $1.57B | $335.68M | $316.59M | $298.32M | $302.21M | $271.96M |
| Long-term Debt | $2.46M | $1.22B | $1.22B | $1.21B | $1.18B | $1.17B |
| Deferred Tax Liabilities | $15.14M | $14.58M | $14.88M | $13.77M | $22.56M | $22.91M |
| Other Non-current Liabilities | $3.33M | $4.17M | $3.66M | $3.33M | $3.44M | $2.60M |
| Total Liabilities | $1.80B | $1.79B | $1.77B | $1.74B | $1.73B | $1.69B |
| Retained Earnings | $-611.78M | $-553.56M | $-499.38M | $-458.62M | $-391.21M | $-346.45M |
| Total Stockholders Equity | $-585.82M | $-536.46M | $-493.94M | $-455.71M | $-386.15M | $-338.64M |
| Total Liabilities & Equity | $1.21B | $1.25B | $1.27B | $1.29B | $1.34B | $1.36B |
| Breakdown | 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 | $-58.22M | $-100.16M | $-45.97M | $-67.42M | $-122.43M | $-77.67M |
| Depreciation & Amortization | $7.91M | $8.38M | $10.39M | $10.35M | $31.18M | $20.44M |
| Stock-based Compensation | $16.67M | $13.13M | $367.00K | $369.00K | $1.96M | $1.42M |
| Change in Receivables | $-2.45M | $-2.11M | $-2.12M | $1.41M | $-2.10M | $-853.00K |
| Change in Inventory | $-971.00K | $-691.00K | $142.00K | $-48.00K | $-838.00K | $-440.00K |
| Change in Payables | $8.96M | $3.76M | $6.61M | $8.67M | $8.25M | $-3.85M |
| Operating Cash Flow | $-54.67M | $-40.12M | $-13.22M | $-10.41M | $-45.84M | $-42.62M |
| Capital Expenditure | $9.28M | $6.95M | $4.55M | $591.00K | $22.21M | $14.34M |
| Investing Cash Flow | $-4.72M | $-2.43M | $-24.00K | $-504.00K | $-25.96M | $-18.18M |
| Dividends Paid | - | - | - | $2.41M | $7.14M | $4.76M |
| Financing Cash Flow | $14.66M | $19.08M | $5.19M | $11.56M | $46.64M | $42.00M |
| Net Change in Cash | $-44.73M | $-23.47M | $-8.05M | $645.00K | $-25.16M | $-18.79M |
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-Q filings.
Quarterly data represents single quarter results (Q1-Q4). Some items may show year-to-date values if quarterly breakdown is unavailable.