$3.88B
Revenue
$194.80M
Net Income
32.61%
Gross Margin
7.97%
Op. Margin
$876.50M
Free Cash Flow
| Breakdown | TTM (Sep 30, 2025) |
FY 2024 (Dec 31, 2024) |
FY 2023 (Dec 31, 2023) |
FY 2022 (Dec 31, 2022) |
FY 2020 (Dec 31, 2020) |
|---|---|---|---|---|---|
| Total Revenue | $3.88B | $3.33B | $2.56B | $1.99B | $766.90M |
| Revenue Growth % | 16.4% | 29.9% | 28.7% | 160.0% | nan% |
| Cost of Revenue | $2.61B | $2.36B | $1.88B | $4.60M | $589.10M |
| Gross Profit | $1.26B | - | - | - | $177.80M |
| Gross Margin % | 32.6% | nan% | nan% | nan% | 23.2% |
| Operating Expenses | - | - | - | - | $235.40M |
| Operating Income | $309.10M | $247.00M | $114.80M | $94.70M | $-57.60M |
| Operating Margin % | 8.0% | 7.4% | 4.5% | 4.8% | -7.5% |
| Interest Expense | $118.20M | $24.00M | $32.10M | $32.50M | $40.20M |
| Interest Income | $62.70M | $33.70M | $31.90M | $10.80M | - |
| Other Income/Expense | $-4.10M | $1.80M | $-3.90M | $500.00K | $600.00K |
| Income Before Tax | $251.70M | $-1.60M | $119.50M | $86.90M | $-113.80M |
| Income Tax Expense | $18.40M | $-296.10M | $-3.40M | $200.00K | $-2.40M |
| Net Income | $194.80M | $229.60M | $86.20M | $75.10M | $-18.40M |
| Net Margin % | 5.0% | 6.9% | 3.4% | 3.8% | -2.4% |
| Basic Shares Outstanding | - | 1.7M | 1.9M | 3.9M | - |
| Diluted Shares Outstanding | - | 1.7M | 1.9M | 3.9M | - |
| Breakdown | FY 2024 (Dec 31, 2024) |
FY 2023 (Dec 31, 2023) |
FY 2022 (Dec 31, 2022) |
FY 2020 (Dec 31, 2020) |
|---|---|---|---|---|
| Cash & Cash Equivalents | $1.21B | $455.00M | $776.50M | $927.80M |
| Accounts Receivable | $348.70M | $256.80M | $195.00M | $92.70M |
| Inventory | $8.90M | $3.40M | $4.80M | $1.50M |
| Other Current Assets | $42.80M | $32.50M | $15.40M | $11.50M |
| Total Current Assets | $1.91B | $1.15B | $991.70M | $1.03B |
| Property Plant & Equipment | - | $28.60M | $22.30M | $15.10M |
| Goodwill | $1.46B | $1.11B | $735.00M | $477.00M |
| Intangible Assets | $980.90M | $830.10M | $646.80M | $186.30M |
| Other Non-current Assets | $31.00M | $18.70M | $10.90M | $600.00K |
| Total Assets | $5.04B | $3.39B | $2.55B | $1.78B |
| Accounts Payable | $248.30M | $204.60M | $166.70M | $60.60M |
| Deferred Revenue | $15.50M | $20.60M | $16.30M | $7.80M |
| Total Current Liabilities | $1.38B | $704.40M | $268.30M | $99.40M |
| Long-term Debt | $2.15B | $1.75B | $1.74B | $1.01B |
| Deferred Tax Liabilities | $60.60M | $28.70M | $18.60M | $2.80M |
| Other Non-current Liabilities | $38.70M | $17.30M | $26.50M | $1.70M |
| Total Liabilities | $4.02B | $2.52B | $2.07B | $1.11B |
| Retained Earnings | $-228.20M | $-346.70M | $-363.60M | $-278.70M |
| Treasury Stock | - | - | - | - |
| Total Stockholders Equity | $806.60M | $653.30M | $347.30M | $459.60M |
| Total Liabilities & Equity | $5.04B | $3.39B | $2.55B | $1.78B |
| Breakdown | TTM (Sep 30, 2025) |
FY 2024 (Dec 31, 2024) |
FY 2023 (Dec 31, 2023) |
FY 2022 (Dec 31, 2022) |
FY 2020 (Dec 31, 2020) |
|---|---|---|---|---|---|
| Net Income | $211.50M | $229.60M | $86.20M | $75.10M | $-18.40M |
| Depreciation & Amortization | $467.40M | $296.60M | $214.60M | $149.10M | $84.20M |
| Stock-based Compensation | $138.10M | $65.50M | $57.40M | $49.60M | $66.20M |
| Change in Receivables | $44.70M | $75.00M | $52.70M | $-4.10M | $19.30M |
| Change in Inventory | - | $-8.30M | $-7.20M | $-2.80M | $-1.20M |
| Change in Payables | $26.90M | $24.90M | $14.70M | $37.30M | $-2.00M |
| Operating Cash Flow | $890.80M | $500.30M | $388.30M | $275.40M | $23.40M |
| Capital Expenditure | $14.30M | $7.10M | $13.70M | $8.00M | $4.80M |
| Acquisitions | $2.82B | $554.60M | $169.70M | $135.30M | $49.80M |
| Purchases of Investments | $9.00M | - | - | $1.50M | - |
| Investing Cash Flow | $-3.25B | $-691.10M | $-301.90M | $-516.80M | $-102.10M |
| Stock Repurchased | $469.30M | $145.90M | $105.40M | $185.90M | - |
| Financing Cash Flow | $4.12B | $929.20M | $-152.20M | $-214.60M | $1.00B |
| Net Change in Cash | $1.87B | $716.80M | $-54.70M | $-455.00M | $924.10M |
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 | $1.18B | - | $2.99B | - |
| Cost of Revenue | $747.90M | - | $2.01B | - |
| Operating Income | $114.60M | - | $223.10M | - |
| Interest Expense | $60.80M | - | $128.70M | - |
| Interest Income | $17.50M | - | $49.10M | - |
| Other Income/Expense | $-1.40M | - | $-5.60M | - |
| Income Before Tax | $60.50M | - | $127.60M | - |
| Income Tax Expense | $27.10M | - | $33.60M | - |
| Net Income | $28.10M | $54.50M | $78.80M | - |
Condensed Consolidated Balance Sheets
| Description | Sep 30, 2025 | Dec 31, 2024 |
|---|---|---|
| Cash & Cash Equivalents | $1.51B | $1.21B |
| Accounts Receivable | $771.50M | $348.70M |
| Other Current Assets | $129.10M | $51.70M |
| Total Current Assets | $2.70B | $1.91B |
| Goodwill | $2.47B | $1.46B |
| Intangible Assets | $3.02B | - |
| Other Non-current Assets | $39.40M | $31.00M |
| Total Assets | $8.99B | $5.04B |
| Accounts Payable | $670.00M | $248.30M |
| Deferred Revenue | $14.00M | $15.50M |
| Total Current Liabilities | $1.96B | $1.38B |
| Long-term Debt | $4.02B | $2.15B |
| Deferred Tax Liabilities | $348.90M | $60.60M |
| Other Non-current Liabilities | $43.60M | $38.70M |
| Total Liabilities | $6.76B | $4.02B |
| Retained Earnings | $-283.40M | $-228.20M |
| Total Stockholders Equity | $1.67B | $806.60M |
| Total Liabilities & Equity | $8.99B | $5.04B |
Condensed Consolidated Statements of Cash Flows
| Description | Sep 30, 2025 | Sep 30, 2025 | ||
|---|---|---|---|---|
| Current | Prior Year | Current YTD | Prior Year YTD | |
| Net Income | $28.10M | $54.50M | $78.80M | - |
| Depreciation & Amortization | $125.10M | - | $298.70M | - |
| Stock-based Compensation | - | - | $56.80M | - |
| Change in Receivables | - | - | $6.90M | - |
| Change in Payables | - | - | $500.00K | - |
| Operating Cash Flow | - | - | $410.30M | - |
| Capital Expenditure | - | - | $8.80M | - |
| Acquisitions | - | - | $2.57B | - |
| Purchases of Investments | - | - | $3.00M | - |
| Investing Cash Flow | - | - | $-2.78B | - |
| Stock Issued | - | - | $87.80M | - |
| Stock Repurchased | - | - | $148.20M | - |
| Financing Cash Flow | - | - | $2.59B | - |
| Net Change in Cash | - | - | $271.10M | - |
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.