$2.35B
Revenue
$128.37M
Net Income
73.84%
Gross Margin
4.50%
Op. Margin
$499.07M
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) |
Q1 2024 (Mar 31, 2024) |
Q4 2023 (Dec 31, 2023) |
Q3 2023 (Sep 30, 2023) |
Q2 2023 (Jun 30, 2023) |
Q1 2023 (Mar 31, 2023) |
Q4 2022 (Dec 31, 2022) |
Q3 2022 (Sep 30, 2022) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | $617.82M | $598.98M | $544.83M | $586.01M | $481.14M | $401.56M | $315.65M | $278.17M | $246.62M | $226.70M | $207.91M | $190.77M | $167.20M | $144.84M |
| Revenue Growth % (YoY) | 28.4% | 49.2% | 72.6% | 110.7% | 95.1% | 77.1% | 51.8% | 45.8% | 47.5% | 56.5% | nan% | nan% | nan% | nan% |
| Cost of Revenue | $173.38M | $156.92M | $128.64M | $155.32M | $111.60M | $83.67M | $59.03M | $49.08M | $42.56M | $39.39M | $37.75M | $37.34M | $34.87M | $30.38M |
| Gross Profit | $444.44M | $442.06M | $416.20M | $430.69M | $369.54M | $317.89M | $256.61M | $229.09M | $204.06M | $187.31M | $170.16M | $153.43M | $132.34M | $114.45M |
| Gross Margin % | 71.9% | 73.8% | 76.4% | 73.5% | 76.8% | 79.2% | 81.3% | 82.4% | 82.7% | 82.6% | 81.8% | 80.4% | 79.1% | 79.0% |
| Operating Expenses | $435.25M | $430.25M | $389.47M | $372.79M | $350.94M | $295.51M | $245.58M | $219.19M | $204.46M | $195.86M | $179.39M | $164.69M | $143.94M | $134.44M |
| Operating Income | $9.19M | $11.81M | $26.72M | $57.90M | $18.60M | $22.37M | $11.03M | $9.90M | $-400.00K | $-8.55M | $-9.24M | $-11.26M | $-11.61M | $-19.98M |
| Operating Margin % | 1.5% | 2.0% | 4.9% | 9.9% | 3.9% | 5.6% | 3.5% | 3.6% | -0.2% | -3.8% | -4.4% | -5.9% | -6.9% | -13.8% |
| Other Income/Expense | $6.36M | $8.04M | $6.13M | $2.60M | $3.69M | $1.22M | $2.39M | $2.50M | $2.62M | $2.23M | $2.24M | $1.88M | $1.52M | $677.00K |
| Income Before Tax | $18.35M | $12.22M | $32.85M | $60.49M | $22.29M | $23.59M | $13.42M | $12.40M | $2.20M | $-6.92M | $-7.17M | $-9.68M | $-11.03M | $-18.86M |
| Income Tax Expense | $-2.25M | $-3.55M | $-9.65M | $11.01M | $-3.73M | $-51.99M | $127.00K | $1.27M | $951.00K | $651.00K | $-13.00K | $386.00K | $-121.00K | $-16.00K |
| Net Income | $20.60M | $15.77M | $42.51M | $49.48M | $26.02M | $75.59M | $13.30M | $11.13M | $1.25M | $-7.57M | $-7.16M | $-10.07M | $-10.91M | $-18.84M |
| Net Margin % | 3.3% | 2.6% | 7.8% | 8.4% | 5.4% | 18.8% | 4.2% | 4.0% | 0.5% | -3.3% | -3.4% | -5.3% | -6.5% | -13.0% |
| Basic EPS | nan | 0.07 | 0.19 | 0.22 | nan | 0.35 | 0.06 | 0.05 | nan | -0.04 | -0.03 | -0.05 | nan | -0.09 |
| Diluted EPS | nan | 0.06 | 0.17 | 0.20 | nan | 0.32 | 0.06 | 0.05 | nan | -0.04 | -0.03 | -0.05 | nan | -0.09 |
| Basic Shares Outstanding | - | 226.3M | 224.4M | 222.0M | - | 216.6M | 214.6M | 213.5M | - | 210.1M | 208.4M | 207.1M | - | 205.2M |
| Diluted Shares Outstanding | - | 248.7M | 256.8M | 246.6M | - | 235.1M | 234.8M | 229.4M | - | 210.1M | 208.4M | 207.1M | - | 205.2M |
| 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) |
Q1 2024 (Mar 31, 2024) |
Q4 2023 (Dec 31, 2023) |
Q3 2023 (Sep 30, 2023) |
Q2 2023 (Jun 30, 2023) |
Q1 2023 (Mar 31, 2023) |
Q4 2022 (Dec 31, 2022) |
Q3 2022 (Sep 30, 2022) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Cash Equivalents | $228.62M | $345.78M | $1.12B | $273.74M | $220.58M | $165.52M | $129.29M | $105.24M | $96.66M | $58.00M | $65.42M | $48.74M | $46.77M | $57.96M |
| Accounts Receivable | $32.10M | - | - | - | $6.10M | - | - | - | - | - | - | - | - | - |
| Inventory | $80.13M | $105.99M | $141.80M | $76.10M | $64.43M | $49.11M | $40.59M | $29.83M | $22.46M | $21.99M | $21.42M | $20.70M | $21.56M | $22.35M |
| Other Current Assets | $4.37M | $109.53M | $69.15M | $48.20M | $400.00K | $23.19M | $23.04M | $28.32M | $21.61M | $15.73M | $20.09M | $20.43M | $15.41M | $12.72M |
| Total Current Assets | $767.64M | $845.26M | $1.36B | $446.96M | $395.83M | $326.38M | $290.92M | $261.73M | $265.05M | $250.22M | $234.65M | $225.53M | $216.59M | $233.46M |
| Goodwill | $278.32M | $259.24M | $117.75M | $117.75M | $112.73M | $112.73M | $110.88M | $110.88M | $110.88M | $110.88M | $110.88M | $110.88M | $110.88M | $110.88M |
| Intangible Assets | $196.12M | $194.93M | $40.66M | $43.43M | $43.41M | $44.82M | $17.13M | $17.86M | $18.57M | $19.30M | $19.96M | $20.91M | $21.84M | $22.09M |
| Long-term Investments | - | $438.34M | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Non-current Assets | $29.68M | $3.88M | $1.87M | $1.94M | $147.00K | $138.00K | $138.00K | $138.00K | $91.00K | $72.00K | $18.80M | $13.59M | $11.23M | $10.23M |
| Total Assets | $2.15B | $2.23B | $1.88B | $891.71M | $707.54M | $602.26M | $480.50M | $448.11M | $441.19M | $413.87M | $389.88M | $376.31M | $366.34M | $382.83M |
| Accounts Payable | $143.28M | $198.41M | $105.01M | $108.92M | $91.18M | $75.44M | $57.10M | $43.92M | $43.07M | $42.00M | $38.27M | $37.61M | $32.36M | $32.97M |
| Accrued Liabilities | $78.52M | $80.13M | $65.67M | $56.94M | $53.01M | $43.22M | $28.95M | $26.71M | $28.97M | $27.36M | $19.61M | $14.12M | $12.45M | $17.14M |
| Deferred Revenue | $127.16M | $118.46M | $98.42M | $110.77M | $75.28M | $32.18M | $20.99M | $13.73M | $7.73M | $4.39M | $2.06M | $2.87M | $1.47M | $2.12M |
| Total Current Liabilities | $404.43M | $450.79M | $272.23M | $280.36M | $221.37M | $152.65M | $108.67M | $93.32M | $88.47M | $82.55M | $66.55M | $56.28M | $47.94M | $66.82M |
| Deferred Tax Liabilities | $28.86M | $31.21M | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Non-current Liabilities | $11.73M | $6.11M | $1.40M | $2.44M | - | - | $22.00K | $21.00K | $22.00K | $5.00K | $14.00K | $84.00K | $35.00K | $249.00K |
| Total Liabilities | $1.61B | $1.65B | $1.31B | $342.45M | $230.82M | $162.21M | $118.53M | $103.62M | $97.16M | $85.30M | $69.81M | $63.56M | $54.60M | $71.88M |
| Common Stock | $23.00K | $23.00K | $23.00K | $22.00K | $22.00K | $22.00K | $22.00K | $21.00K | $21.00K | $21.00K | $21.00K | $21.00K | $21.00K | $21.00K |
| Retained Earnings | $-113.77M | $-134.37M | $-150.15M | $-192.65M | $-242.14M | $-268.16M | $-343.75M | $-357.05M | $-368.18M | $-369.42M | $-361.85M | $-354.70M | $-344.63M | $-333.72M |
| Total Stockholders Equity | $540.93M | $580.98M | $562.70M | $549.26M | $476.72M | $440.05M | $361.97M | $344.48M | $344.03M | $328.56M | $320.07M | $312.75M | $311.74M | $310.95M |
| Total Liabilities & Equity | $2.15B | $2.23B | $1.88B | $891.71M | $707.54M | $602.26M | $480.50M | $448.11M | $441.19M | $413.87M | $389.88M | $376.31M | $366.34M | $382.83M |
| 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) |
Q1 2024 (Mar 31, 2024) |
Q4 2023 (Dec 31, 2023) |
Q3 2023 (Sep 30, 2023) |
Q2 2023 (Jun 30, 2023) |
Q1 2023 (Mar 31, 2023) |
Q4 2022 (Dec 31, 2022) |
Q3 2022 (Sep 30, 2022) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $20.60M | $15.77M | $42.51M | $49.48M | $26.02M | $100.01M | $13.30M | $11.13M | $1.25M | $-24.79M | $-17.22M | $-10.07M | $-10.91M | $-18.84M |
| Depreciation & Amortization | $18.09M | $36.41M | $18.74M | $8.28M | $6.06M | $11.03M | $6.64M | $3.00M | $2.66M | $6.86M | $4.49M | $2.12M | $2.01M | $5.46M |
| Stock-based Compensation | $34.49M | $100.76M | $60.58M | $24.86M | $24.35M | $67.97M | $43.07M | $19.03M | $17.79M | $48.29M | $31.01M | $14.17M | $12.35M | $30.47M |
| Deferred Income Tax | $-3.48M | $-9.48M | $-10.35M | $-890.00K | $-7.31M | $-54.34M | - | - | $17.00K | $-30.00K | $-20.00K | $49.00K | $-214.00K | $-380.00K |
| Change in Inventory | $-26.38M | $40.10M | $77.37M | $11.67M | $15.32M | $26.30M | $18.12M | $7.36M | $472.00K | $430.00K | $-145.00K | $-865.00K | $-785.00K | $8.79M |
| Change in Payables | $-45.80M | $76.10M | $5.15M | $14.47M | $8.66M | $35.05M | $16.16M | $3.60M | $2.92M | $4.40M | $5.44M | $3.96M | $-609.00K | $13.33M |
| Operating Cash Flow | $61.31M | $238.69M | $89.97M | $109.09M | $86.39M | $164.70M | $79.43M | $25.84M | $21.98M | $51.50M | $26.31M | $9.48M | $-6.72M | $-19.81M |
| Acquisitions | $23.45M | $121.77M | $5.10M | $5.10M | - | $15.40M | - | - | - | - | - | - | - | - |
| Sales of Investments | $35.94M | $72.76M | $60.57M | $31.34M | $19.65M | $189.29M | $126.09M | $97.70M | $52.72M | $117.33M | $72.33M | $39.08M | $59.50M | $134.76M |
| Investing Cash Flow | $-83.68M | $-941.28M | $-53.88M | $-32.80M | $-17.21M | $-1.84M | $8.57M | $13.04M | $20.70M | $-32.80M | $-1.74M | $-4.11M | $6.00M | $28.70M |
| Stock Repurchased | $80.48M | $9.48M | - | - | $5.00M | $78.03M | $48.00M | $28.06M | $2.00M | - | - | - | - | - |
| Financing Cash Flow | $-97.52M | $827.14M | $866.15M | $-23.02M | $-13.65M | $-94.19M | $-55.37M | $-30.31M | $-3.96M | $-7.51M | $-5.95M | $-3.41M | $-10.46M | $-22.67M |
| Net Change in Cash | $-117.16M | $124.34M | $903.51M | $53.52M | $55.07M | $68.86M | $32.63M | $8.57M | $38.67M | $11.22M | $18.64M | $1.97M | $-11.19M | $-13.82M |
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 | $598.98M | - | $1.73B | - |
| Cost of Revenue | $156.92M | - | $440.88M | - |
| Gross Profit | $442.06M | - | $1.29B | - |
| Operating Expenses | $430.25M | - | $1.19B | - |
| Operating Income | $11.81M | - | $96.43M | - |
| Other Income/Expense | $8.04M | - | $16.77M | - |
| Income Before Tax | $12.22M | - | $105.57M | - |
| Income Tax Expense | $-3.55M | - | $-2.19M | - |
| Net Income | $15.77M | $13.30M | $107.76M | - |
| Basic EPS | 0.07 | - | 0.48 | - |
| Diluted EPS | 0.06 | - | 0.43 | - |
| Basic Shares Outstanding | $226.35M | - | $224.25M | - |
| Diluted Shares Outstanding | $248.68M | - | $255.55M | - |
Condensed Consolidated Balance Sheets
| Description | Sep 30, 2025 | Dec 31, 2024 |
|---|---|---|
| Cash & Cash Equivalents | $345.78M | $220.58M |
| Inventory | $105.99M | $64.43M |
| Other Current Assets | $109.53M | $31.15M |
| Total Current Assets | $845.26M | $395.83M |
| Goodwill | $259.24M | $112.73M |
| Intangible Assets | $194.93M | $43.41M |
| Long-term Investments | $438.34M | - |
| Other Non-current Assets | $3.88M | $147.00K |
| Total Assets | $2.23B | $707.54M |
| Accounts Payable | $198.41M | $91.18M |
| Accrued Liabilities | $80.13M | $53.01M |
| Deferred Revenue | $118.46M | $75.28M |
| Total Current Liabilities | $450.79M | $221.37M |
| Deferred Tax Liabilities | $31.21M | - |
| Other Non-current Liabilities | $6.11M | - |
| Total Liabilities | $1.65B | $230.82M |
| Common Stock | $23.00K | $22.00K |
| Retained Earnings | $-134.37M | $-242.14M |
| Total Stockholders Equity | $580.98M | $476.72M |
| Total Liabilities & Equity | $2.23B | $707.54M |
Condensed Consolidated Statements of Cash Flows
| Description | Sep 30, 2025 | Sep 30, 2025 | ||
|---|---|---|---|---|
| Current | Prior Year | Current YTD | Prior Year YTD | |
| Net Income | $15.77M | $13.30M | $107.76M | - |
| Depreciation & Amortization | - | - | $36.41M | - |
| Stock-based Compensation | - | - | $100.76M | - |
| Deferred Income Tax | - | - | $-9.48M | - |
| Change in Inventory | - | - | $40.10M | - |
| Change in Payables | - | - | $76.10M | - |
| Operating Cash Flow | - | - | $238.69M | - |
| Acquisitions | - | - | $121.77M | - |
| Sales of Investments | - | - | $72.76M | - |
| Investing Cash Flow | - | - | $-941.28M | - |
| Stock Repurchased | - | - | $9.48M | - |
| Financing Cash Flow | - | - | $827.14M | - |
| Net Change in Cash | - | - | $124.34M | - |
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.