$224.44M
Revenue
$-85.87M
Net Income
14.10%
Gross Margin
-66.55%
Op. Margin
$-488.65M
Free Cash Flow
| Breakdown | TTM (Dec 31, 2025) |
FY 2025 (Dec 31, 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 | $224.44M | $224.44M | $203.85M | $253.44M | $527.51M | $331.95M | $134.31M |
| Revenue Growth % | 0.0% | 10.1% | -19.6% | -52.0% | 58.9% | 147.2% | nan% |
| Cost of Revenue | $192.79M | $192.79M | $192.59M | $92.71M | $92.22M | - | $63.80M |
| Gross Profit | $31.65M | $31.65M | $11.27M | $160.73M | $435.29M | - | $70.51M |
| Gross Margin % | 14.1% | 14.1% | 5.5% | 63.4% | 82.5% | nan% | 52.5% |
| Operating Expenses | $424.83M | $424.83M | $373.28M | $271.16M | $200.10M | $166.61M | $169.01M |
| Selling General & Admin | $112.07M | $112.07M | $83.30M | $79.25M | $75.84M | $56.65M | $26.77M |
| Operating Income | $-149.37M | $-149.37M | $-169.43M | $-17.72M | $327.41M | $165.34M | $-34.70M |
| Operating Margin % | -66.6% | -66.6% | -83.1% | -7.0% | 62.1% | 49.8% | -25.8% |
| Interest Expense | $23.10M | $23.10M | $12.13M | $2.06M | $5.79M | $8.90M | $5.01M |
| Other Income/Expense | $63.08M | $63.08M | $46.18M | $56.05M | $19.53M | $3.75M | $251.00K |
| Income Before Tax | $-117.77M | $-117.77M | $-93.35M | $33.08M | $341.15M | $160.19M | $-39.46M |
| Income Tax Expense | $-31.90M | $-31.90M | $-27.92M | $8.77M | $52.15M | $25.16M | $-17.64M |
| Net Income | $-85.87M | $-85.87M | $-65.42M | $24.31M | $289.00M | $135.04M | $-21.82M |
| Net Margin % | -38.3% | -38.3% | -32.1% | 9.6% | 54.8% | 40.7% | -16.2% |
| Basic EPS | nan | -0.50 | -0.39 | 0.14 | 1.64 | 0.78 | -0.27 |
| Diluted EPS | nan | -0.50 | -0.57 | 0.14 | 1.52 | 0.73 | -0.27 |
| Basic Shares Outstanding | - | 170.1M | 166.8M | 177.2M | 176.5M | 173.5M | 79.7M |
| Diluted Shares Outstanding | - | 170.1M | 169.9M | 178.2M | 193.5M | 189.8M | 79.7M |
| Breakdown | FY 2025 (Dec 31, 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) |
|---|---|---|---|---|---|---|
| Cash & Cash Equivalents | $1.17B | $282.44M | $263.35M | $136.63M | $1.18B | $519.65M |
| Accounts Receivable | $14.64M | $18.87M | $10.03M | $32.86M | $51.01M | $3.59M |
| Inventory | $171.56M | $107.91M | $95.18M | $57.55M | $38.69M | $32.27M |
| Other Current Assets | $17.27M | $10.20M | $8.82M | $18.87M | $7.81M | $5.53M |
| Total Current Assets | $2.17B | $1.03B | $1.13B | $1.29B | $1.28B | $561.05M |
| Property Plant & Equipment | $1.37B | $1.25B | $1.16B | $935.74M | $610.61M | $501.97M |
| Intangible Assets | $6.17M | $7.37M | $8.88M | $89.00K | - | - |
| Other Non-current Assets | $38.34M | $15.66M | $5.25M | $2.47M | $973.00K | $1.14M |
| Total Assets | $3.86B | $2.33B | $2.34B | $2.24B | $1.89B | $1.07B |
| Accounts Payable | $36.66M | $23.56M | $28.00M | $15.33M | - | - |
| Accrued Liabilities | $95.09M | $64.73M | $73.94M | $56.94M | - | - |
| Deferred Revenue | $74.30M | $56.88M | - | - | - | - |
| Other Current Liabilities | $25.60M | $18.85M | $6.62M | $4.05M | $4.01M | $2.16M |
| Total Current Liabilities | $299.05M | $164.02M | $108.55M | $97.48M | $59.54M | $43.06M |
| Long-term Debt | $998.74M | $908.73M | $681.98M | $678.44M | $674.93M | - |
| Deferred Tax Liabilities | $51.56M | $85.31M | $130.79M | $122.35M | $104.50M | $87.47M |
| Other Non-current Liabilities | $57.01M | $26.11M | $3.02M | $5.00M | $7.20M | $1.63M |
| Total Liabilities | $1.47B | $1.28B | $970.67M | $925.15M | $880.93M | $220.41M |
| Common Stock | $19.00K | $18.00K | $17.00K | $18.00K | $18.00K | $17.00K |
| Retained Earnings | $234.43M | $320.30M | $385.73M | $361.42M | $72.42M | $-62.62M |
| Treasury Stock | $227.05M | $227.05M | - | - | - | - |
| Total Stockholders Equity | $1.98B | $1.05B | $1.37B | $1.31B | $1.01B | $853.88M |
| Total Liabilities & Equity | $3.86B | $2.33B | $2.34B | $2.24B | $1.89B | $1.07B |
| Breakdown | TTM (Dec 31, 2025) |
FY 2025 (Dec 31, 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 | $-85.87M | $-85.87M | $-65.42M | $24.31M | $289.00M | $135.04M | $-21.82M |
| Depreciation & Amortization | $110.65M | $89.27M | $78.06M | $55.71M | $18.36M | $24.38M | $6.93M |
| Stock-based Compensation | $50.42M | $30.16M | $23.18M | $25.24M | $31.78M | $22.93M | $5.01M |
| Deferred Income Tax | - | $-30.39M | $-27.77M | $8.46M | - | - | - |
| Change in Receivables | $49.79M | $-4.00M | $8.85M | $-22.83M | $-18.15M | $47.42M | $3.22M |
| Change in Inventory | $198.56M | $115.02M | $41.54M | $47.10M | $24.31M | $8.23M | $9.22M |
| Operating Cash Flow | $-285.81M | $-155.75M | $13.35M | $62.70M | $343.51M | $101.97M | $3.28M |
| Capital Expenditure | $202.84M | $172.38M | $186.42M | $261.90M | $326.60M | $123.87M | $22.37M |
| Sales of Investments | $2.62B | $1.57B | $1.60B | $1.02B | $281.00M | - | - |
| Investing Cash Flow | $-167.78M | $-206.05M | $10.06M | $68.70M | $-1.36B | $-119.36M | $-22.37M |
| Stock Issued | - | $747.50M | - | - | - | - | - |
| Stock Repurchased | - | - | $225.07M | - | - | - | - |
| Financing Cash Flow | $1.23B | $1.25B | $-4.79M | $-9.92M | $-24.19M | $666.11M | $521.96M |
| Net Change in Cash | $779.24M | $883.76M | $18.61M | $121.48M | $-1.04B | $648.72M | $502.87M |
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 | $53.55M | $62.93M | $171.76M | $142.87M |
| Cost of Revenue | $48.48M | $57.27M | $147.74M | $134.32M |
| Operating Expenses | $120.58M | $102.47M | $317.44M | $268.33M |
| Selling General & Admin | $28.41M | $21.52M | $80.00M | $64.23M |
| Operating Income | $-67.02M | $-39.54M | $-145.68M | $-125.46M |
| Interest Expense | $8.57M | $6.65M | $21.59M | $16.25M |
| Other Income/Expense | $17.16M | $11.32M | $38.95M | $36.06M |
| Income Before Tax | $-58.43M | $-34.87M | $-128.33M | $-59.39M |
| Income Tax Expense | $-16.65M | $-9.35M | $-33.03M | $-16.30M |
| Net Income | $-41.78M | $-25.52M | $-95.30M | $-43.08M |
| Basic EPS | -0.24 | -0.16 | -0.57 | -0.26 |
| Diluted EPS | -0.24 | -0.16 | -0.57 | -0.44 |
| Basic Shares Outstanding | $175.03M | $164.15M | $167.59M | $168.00M |
| Diluted Shares Outstanding | $175.03M | $164.15M | $167.59M | $172.07M |
Condensed Consolidated Balance Sheets
| Description | Sep 30, 2025 | Dec 31, 2024 |
|---|---|---|
| Cash & Cash Equivalents | $1.15B | $282.44M |
| Accounts Receivable | $14.79M | $18.87M |
| Inventory | $144.37M | $107.91M |
| Other Current Assets | $15.16M | $10.20M |
| Total Current Assets | $2.17B | $1.03B |
| Property Plant & Equipment | $1.31B | $1.25B |
| Other Non-current Assets | $33.92M | $31.71M |
| Total Assets | $3.80B | $2.33B |
| Accounts Payable | $25.38M | $23.56M |
| Accrued Liabilities | $77.98M | $64.73M |
| Deferred Revenue | $82.24M | $56.88M |
| Other Current Liabilities | $17.05M | $18.85M |
| Total Current Liabilities | $270.18M | $164.02M |
| Long-term Debt | $929.75M | $908.73M |
| Deferred Tax Liabilities | $55.86M | $85.31M |
| Other Non-current Liabilities | $58.16M | $31.91M |
| Total Liabilities | $1.42B | $1.28B |
| Common Stock | $19.00K | $18.00K |
| Retained Earnings | $225.00M | $320.30M |
| Treasury Stock | $227.05M | $227.05M |
| Total Stockholders Equity | $1.96B | $1.05B |
| Total Liabilities & Equity | $3.80B | $2.33B |
Condensed Consolidated Statements of Cash Flows
| Description | Sep 30, 2025 | Sep 30, 2025 | ||
|---|---|---|---|---|
| Current | Prior Year | Current YTD | Prior Year YTD | |
| Net Income | $-41.78M | $-25.52M | $-95.30M | $-43.08M |
| Depreciation & Amortization | $22.50M | $19.34M | $64.66M | $55.94M |
| Stock-based Compensation | - | - | $20.59M | $18.62M |
| Change in Receivables | - | - | $-4.08M | $4.52M |
| Change in Inventory | - | - | $84.07M | $42.85M |
| Operating Cash Flow | - | - | $-108.90M | $-17.13M |
| Capital Expenditure | $50.50M | $46.44M | $109.97M | $144.77M |
| Sales of Investments | - | - | $1.10B | $1.20B |
| Investing Cash Flow | - | - | $-279.07M | $31.70M |
| Stock Issued | - | - | $747.50M | - |
| Stock Repurchased | - | $24.30M | - | $225.07M |
| Financing Cash Flow | - | - | $1.25B | $6.04M |
| Net Change in Cash | - | - | $864.89M | $20.61M |
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.