$296.15M
Revenue
$-208.25M
Net Income
3.85%
Gross Margin
-56.40%
Op. Margin
$-344.00M
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 | $103.43M | $61.76M | $61.40M | $69.56M | $68.64M | $78.11M |
| Revenue Growth % (YoY) | 50.7% | -20.9% | nan% | nan% | nan% | nan% |
| Cost of Revenue | $86.62M | $80.82M | $52.35M | $64.94M | $56.62M | $65.13M |
| Gross Profit | $16.81M | $-19.06M | $9.04M | $4.62M | $12.02M | $12.98M |
| Gross Margin % | 16.3% | -30.9% | 14.7% | 6.6% | 17.5% | 16.6% |
| Research & Development | $7.69M | $1.72M | $813.00K | $1.45M | $1.89M | $1.75M |
| Selling General & Admin | $50.28M | $54.46M | $18.75M | $18.43M | $17.52M | $18.09M |
| Operating Income | $-41.85M | $-91.89M | $-14.32M | $-18.98M | $-12.51M | $-7.13M |
| Operating Margin % | -40.5% | -148.8% | -23.3% | -27.3% | -18.2% | -9.1% |
| Other Income/Expense | $13.84M | $-13.94M | $14.78M | $-45.91M | $-5.31M | $-7.93M |
| Income Before Tax | $-34.29M | $-129.58M | $-3.13M | $-68.84M | $-21.43M | $-18.07M |
| Income Tax Expense | $6.86M | $-32.60M | $-182.00K | $-1.67M | $-472.00K | $15.00K |
| Net Income | $-41.15M | $-96.98M | $-2.95M | $-67.17M | $-20.96M | $-18.09M |
| Net Margin % | -39.8% | -157.0% | -4.8% | -96.6% | -30.5% | -23.2% |
| Basic EPS | -0.29 | -1.41 | -0.09 | -1.39 | -0.37 | -0.42 |
| Diluted EPS | -0.29 | -1.41 | -0.09 | -1.39 | -0.37 | -0.42 |
| Basic Shares Outstanding | 145.7M | 89.6M | 71.2M | 210K | 66.5M | 65.7M |
| Diluted Shares Outstanding | 145.7M | 89.6M | 71.2M | 210K | 66.5M | 65.7M |
| 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 | - | - | - | - | - | $30.83M |
| Accounts Receivable | $31.98M | $36.81M | $15.25M | $21.91M | $22.65M | $22.08M |
| Inventory | $53.49M | $58.84M | $2.19M | $2.24M | $2.06M | $1.82M |
| Other Current Assets | $19.92M | $19.27M | $9.72M | $8.03M | $10.74M | $6.45M |
| Total Current Assets | $210.64M | $244.52M | $142.13M | $125.92M | $126.54M | $105.31M |
| Goodwill | $800.01M | $789.25M | $72.00M | $71.16M | $72.57M | $65.22M |
| Intangible Assets | $353.23M | $396.13M | $62.07M | $61.79M | $62.52M | $61.76M |
| Other Non-current Assets | $365.00K | $521.00K | $3.07M | $557.00K | $724.00K | $604.00K |
| Total Assets | $1.45B | $1.51B | $314.10M | $292.62M | $289.94M | $260.27M |
| Accounts Payable | $34.31M | $38.88M | $28.18M | $32.13M | $19.94M | $27.80M |
| Accrued Liabilities | $28.96M | $33.38M | $19.82M | $24.19M | $27.81M | $28.62M |
| Deferred Revenue | $60.01M | $65.34M | $59.75M | $67.20M | $56.68M | $44.08M |
| Other Current Liabilities | $12.99M | $12.26M | $5.03M | $19.73M | $20.81M | $2.06M |
| Total Current Liabilities | $149.58M | $167.43M | $118.54M | $149.34M | $131.02M | $107.30M |
| Long-term Debt | $184.70M | $185.46M | $104.38M | $124.46M | $121.55M | $94.65M |
| Deferred Tax Liabilities | $37.28M | $40.80M | $615.00K | $582.00K | $2.38M | $2.44M |
| Other Non-current Liabilities | $2.12M | $2.61M | $1.94M | $428.00K | $401.00K | $378.00K |
| Total Liabilities | $413.33M | $448.70M | $247.43M | $344.53M | $277.67M | $229.84M |
| Common Stock | $15.00K | $14.00K | $8.00K | $7.00K | $7.00K | $7.00K |
| Retained Earnings | $-536.29M | $-493.39M | $-351.05M | $-348.11M | $-280.94M | $-259.98M |
| Total Stockholders Equity | $928.04M | $907.59M | $-68.06M | $-188.71M | $-96.42M | $-78.27M |
| Total Liabilities & Equity | $1.45B | $1.51B | $314.10M | $292.62M | $289.94M | $260.27M |
| 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 | $-41.15M | $-99.93M | $-2.95M | $-67.17M | $-20.96M | $-18.09M |
| Depreciation & Amortization | $20.23M | $8.11M | $3.05M | $3.15M | $8.54M | $5.68M |
| Stock-based Compensation | $47.59M | $35.60M | $2.91M | $3.28M | $8.05M | $4.45M |
| Change in Receivables | $-1.59M | $3.47M | $-6.85M | $-174.00K | $-14.50M | $-9.99M |
| Change in Inventory | $3.94M | $-1.45M | $-55.00K | $197.00K | $537.00K | $314.00K |
| Operating Cash Flow | $-153.07M | $-132.74M | $-45.08M | $7.06M | $-24.41M | $-6.74M |
| Capital Expenditure | $11.29M | $4.75M | $1.79M | $2.33M | $4.06M | $2.48M |
| Acquisitions | $151.79M | $151.79M | - | $85.00K | $796.00K | - |
| Investing Cash Flow | $-169.22M | $-161.73M | $-4.05M | $-4.15M | $-3.05M | $544.00K |
| Debt Repayment | $127.20M | $125.88M | $25.68M | $680.00K | $8.18M | $7.99M |
| Stock Issued | $337.81M | $328.68M | $82.86M | $2.12M | $546.00K | $530.00K |
| Financing Cash Flow | $326.92M | $323.49M | $54.19M | $3.44M | $40.28M | $6.93M |
| Net Change in Cash | $5.26M | $29.49M | $5.15M | $5.98M | $12.82M | $554.00K |
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 | $103.43M | $68.64M | $226.59M | $234.54M |
| Cost of Revenue | $86.62M | $56.62M | $219.80M | $194.71M |
| Gross Profit | $16.81M | $12.02M | $6.79M | $39.83M |
| Research & Development | $7.69M | $1.89M | $10.23M | $4.68M |
| Selling General & Admin | $50.28M | $17.52M | $123.50M | $52.97M |
| Operating Income | $-41.85M | $-12.51M | $-148.06M | $-23.22M |
| Other Income/Expense | $13.84M | $-5.31M | $14.69M | $-14.73M |
| Income Before Tax | $-34.29M | $-21.43M | $-167.00M | $-47.49M |
| Income Tax Expense | $6.86M | $-472.00K | $-25.92M | $-348.00K |
| Net Income | $-41.15M | $-20.96M | $-141.08M | $-47.15M |
| Basic EPS | -0.29 | -0.37 | -1.72 | -0.96 |
| Diluted EPS | -0.29 | -0.37 | -1.72 | -0.96 |
| Basic Shares Outstanding | $145.74M | $66.53M | $102.48M | $65.94M |
| Diluted Shares Outstanding | $145.74M | $66.53M | $102.48M | $65.94M |
Condensed Consolidated Balance Sheets
| Description | Sep 30, 2025 | Dec 31, 2024 |
|---|---|---|
| Accounts Receivable | $31.98M | $21.91M |
| Inventory | $53.49M | $2.24M |
| Other Current Assets | $19.92M | $9.67M |
| Total Current Assets | $210.64M | $125.92M |
| Goodwill | $800.01M | $71.16M |
| Intangible Assets | $353.23M | $61.79M |
| Other Non-current Assets | $365.00K | $629.00K |
| Total Assets | $1.45B | $292.62M |
| Accounts Payable | $34.31M | $32.13M |
| Accrued Liabilities | $28.96M | $24.19M |
| Deferred Revenue | $60.01M | $67.20M |
| Other Current Liabilities | $12.99M | $19.73M |
| Total Current Liabilities | $149.58M | $149.34M |
| Long-term Debt | $184.70M | $124.46M |
| Deferred Tax Liabilities | $37.28M | $582.00K |
| Other Non-current Liabilities | $2.12M | $428.00K |
| Total Liabilities | $413.33M | $344.53M |
| Common Stock | $15.00K | $7.00K |
| Retained Earnings | $-536.29M | $-348.11M |
| Total Stockholders Equity | $928.04M | $-188.71M |
| Total Liabilities & Equity | $1.45B | $292.62M |
Condensed Consolidated Statements of Cash Flows
| Description | Sep 30, 2025 | Sep 30, 2025 | ||
|---|---|---|---|---|
| Current | Prior Year | Current YTD | Prior Year YTD | |
| Net Income | $-41.15M | $-20.96M | $-141.08M | $-47.15M |
| Depreciation & Amortization | - | - | $20.23M | $8.54M |
| Stock-based Compensation | - | - | $47.59M | $8.05M |
| Change in Receivables | - | - | $-1.59M | $-14.50M |
| Change in Inventory | - | - | $3.94M | $537.00K |
| Operating Cash Flow | - | - | $-153.07M | $-24.41M |
| Capital Expenditure | - | - | $11.29M | $4.06M |
| Acquisitions | - | - | $151.79M | $796.00K |
| Investing Cash Flow | - | - | $-169.22M | $-3.05M |
| Debt Repayment | - | - | $127.20M | $8.18M |
| Stock Issued | - | - | $337.81M | $546.00K |
| Financing Cash Flow | - | - | $326.92M | $40.28M |
| Net Change in Cash | - | - | $5.26M | $12.82M |
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.