$224.44M
Revenue
$-85.87M
Net Income
14.10%
Gross Margin
-66.55%
Op. Margin
$-488.65M
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) |
|---|---|---|---|---|---|---|---|
| Total Revenue | $52.69M | $53.55M | $57.39M | $60.81M | $60.99M | $62.93M | $31.26M |
| Revenue Growth % (YoY) | -13.6% | -14.9% | 83.6% | nan% | nan% | nan% | nan% |
| Cost of Revenue | $45.05M | $48.48M | $50.43M | $48.83M | $58.26M | - | - |
| Gross Profit | $7.63M | $5.08M | $6.96M | $11.98M | $2.72M | - | - |
| Gross Margin % | 14.5% | 9.5% | 12.1% | 19.7% | 4.5% | nan% | nan% |
| Operating Expenses | $107.39M | $120.58M | $101.28M | $95.59M | $104.95M | $102.47M | $84.75M |
| Selling General & Admin | $32.07M | $28.41M | $27.43M | $24.17M | $19.07M | $21.52M | $21.43M |
| Operating Income | $-3.69M | $-67.02M | $-43.88M | $-34.78M | $-43.96M | $-39.54M | $-53.49M |
| Operating Margin % | -7.0% | -125.2% | -76.5% | -57.2% | -72.1% | -62.8% | -171.1% |
| Interest Expense | $1.50M | $8.57M | $5.41M | $7.62M | $-4.12M | $6.65M | $6.75M |
| Other Income/Expense | $24.13M | $17.16M | $6.57M | $15.22M | $10.12M | $11.32M | $12.08M |
| Income Before Tax | $10.56M | $-58.43M | $-42.72M | $-27.18M | $-33.96M | $-34.87M | $-48.15M |
| Income Tax Expense | $1.13M | $-16.65M | $-11.85M | $-4.53M | $-11.62M | $-9.35M | $-14.10M |
| Net Income | $9.43M | $-41.78M | $-30.87M | $-22.65M | $-22.34M | $-25.52M | $-34.05M |
| Net Margin % | 17.9% | -78.0% | -53.8% | -37.2% | -36.6% | -40.5% | -108.9% |
| Basic EPS | nan | -0.24 | -0.19 | -0.14 | nan | -0.16 | -0.21 |
| Diluted EPS | nan | -0.24 | -0.19 | -0.14 | nan | -0.16 | -0.21 |
| Basic Shares Outstanding | - | 175.0M | 163.8M | 163.8M | - | 164.1M | 165.3M |
| Diluted Shares Outstanding | - | 175.0M | 163.8M | 163.8M | - | 164.1M | 165.3M |
| 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) |
|---|---|---|---|---|---|---|---|
| Cash & Cash Equivalents | $1.17B | $1.15B | $261.54M | $198.34M | $282.44M | $284.43M | $295.60M |
| Accounts Receivable | $14.64M | $14.79M | $21.82M | $69.72M | $18.87M | $14.55M | $8.46M |
| Inventory | $171.56M | $144.37M | $128.05M | $133.08M | $107.91M | $116.70M | $115.38M |
| Other Current Assets | $17.27M | $15.16M | $13.79M | $17.90M | $10.20M | $11.60M | $10.42M |
| Total Current Assets | $2.17B | $2.17B | $960.39M | $1.02B | $1.03B | $1.02B | $1.09B |
| Property Plant & Equipment | $1.37B | $1.31B | $1.29B | $1.28B | $1.25B | $1.23B | $1.22B |
| Intangible Assets | $6.17M | - | $6.77M | $7.07M | $7.37M | $7.97M | $8.28M |
| Other Non-current Assets | $38.34M | $33.92M | $24.57M | $29.38M | $15.66M | $6.83M | $12.54M |
| Total Assets | $3.86B | $3.80B | $2.34B | $2.37B | $2.33B | $2.30B | $2.36B |
| Accounts Payable | $36.66M | $25.38M | $21.73M | $20.87M | $23.56M | $21.71M | $19.75M |
| Accrued Liabilities | $95.09M | $77.98M | $74.45M | $69.14M | $64.73M | $66.22M | $74.94M |
| Deferred Revenue | $74.30M | $82.24M | $79.89M | $75.33M | $56.88M | $50.00M | $50.00M |
| Other Current Liabilities | $25.60M | $17.05M | $23.37M | $15.52M | $18.85M | $8.85M | $13.38M |
| Total Current Liabilities | $299.05M | $270.18M | $266.87M | $248.21M | $164.02M | $146.79M | $158.08M |
| Long-term Debt | $998.74M | $929.75M | $843.37M | $842.41M | $908.73M | $937.63M | $936.61M |
| Deferred Tax Liabilities | $51.56M | $55.86M | $67.31M | $80.69M | $85.31M | $98.54M | $107.70M |
| Other Non-current Liabilities | $57.01M | $58.16M | $48.56M | $37.62M | $26.11M | $4.57M | $5.50M |
| Total Liabilities | $1.47B | $1.42B | $1.33B | $1.33B | $1.28B | $1.24B | $1.26B |
| Common Stock | $19.00K | $19.00K | $18.00K | $18.00K | $18.00K | $18.00K | $18.00K |
| Retained Earnings | $234.43M | $225.00M | $266.78M | $297.65M | $320.30M | $342.64M | $368.16M |
| Treasury Stock | $227.05M | $227.05M | $227.05M | $227.05M | $227.05M | $227.10M | $202.56M |
| Total Stockholders Equity | $1.98B | $1.96B | $1.01B | $1.04B | $1.05B | $1.06B | $1.11B |
| Total Liabilities & Equity | $3.86B | $3.80B | $2.34B | $2.37B | $2.33B | $2.30B | $2.36B |
| 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) |
|---|---|---|---|---|---|---|---|
| Net Income | $9.43M | $-41.78M | $-30.87M | $-22.65M | $-22.34M | $-43.08M | $-34.05M |
| Depreciation & Amortization | $24.61M | $22.50M | $42.16M | $21.38M | $22.12M | $19.34M | $36.59M |
| Stock-based Compensation | $9.57M | $20.59M | $12.90M | $7.35M | $4.56M | $18.62M | $13.17M |
| Change in Receivables | $79.00K | $-4.08M | $2.95M | $50.84M | $4.33M | $4.52M | $-1.57M |
| Change in Inventory | $30.95M | $84.07M | $52.44M | $31.10M | $-1.31M | $42.85M | $41.54M |
| Operating Cash Flow | $-46.85M | $-108.90M | $-66.85M | $-63.20M | $30.48M | $-17.13M | $-10.28M |
| Capital Expenditure | $62.41M | $50.50M | $59.47M | $30.47M | $41.65M | $144.77M | $98.33M |
| Sales of Investments | $475.79M | $1.10B | $690.94M | $354.61M | $402.79M | $1.20B | $852.21M |
| Investing Cash Flow | $73.03M | $-279.07M | $53.98M | $-15.70M | $-21.64M | $31.70M | $10.97M |
| Stock Issued | - | $747.50M | - | - | - | - | - |
| Stock Repurchased | - | - | - | - | - | $24.30M | $200.76M |
| Financing Cash Flow | $-7.30M | $1.25B | $-7.73M | $-5.00M | $-10.83M | $6.04M | $31.37M |
| Net Change in Cash | $18.87M | $864.89M | $-20.61M | $-83.91M | $-1.99M | $20.61M | $32.05M |
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-Q filings.
Quarterly data represents single quarter results (Q1-Q4). Some items may show year-to-date values if quarterly breakdown is unavailable.