$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) |
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) |
Q2 2022 (Jun 30, 2022) |
Q1 2022 (Mar 31, 2022) |
Q4 2021 (Dec 31, 2021) |
Q3 2021 (Sep 30, 2021) |
Q2 2021 (Jun 30, 2021) |
Q1 2021 (Mar 31, 2021) |
Q3 2020 (Sep 30, 2020) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | $103.43M | $61.76M | $61.40M | $69.56M | $68.64M | $78.11M | $87.79M | $63.48M | $62.61M | $60.10M | $57.60M | $53.70M | $37.25M | $36.73M | $32.87M | $41.08M | $32.68M | - | - | - |
| Revenue Growth % (YoY) | 50.7% | -20.9% | -30.1% | 9.6% | 9.6% | 30.0% | 52.4% | 18.2% | 68.1% | 63.6% | 75.3% | 30.7% | 14.0% | nan% | nan% | nan% | nan% | nan% | nan% | nan% |
| Cost of Revenue | $86.62M | $80.82M | $52.35M | $64.94M | $56.62M | $65.13M | $72.97M | $52.75M | $45.49M | $44.19M | $43.39M | $45.11M | $29.30M | $29.75M | $27.70M | $33.81M | $26.79M | - | - | - |
| Gross Profit | $16.81M | $-19.06M | $9.04M | $4.62M | $12.02M | $12.98M | $14.82M | $10.73M | $17.12M | $15.90M | $14.22M | $8.59M | $7.95M | $6.98M | $5.17M | $7.27M | $5.89M | - | - | - |
| Gross Margin % | 16.3% | -30.9% | 14.7% | 6.6% | 17.5% | 16.6% | 16.9% | 16.9% | 27.3% | 26.5% | 24.7% | 16.0% | 21.3% | 19.0% | 15.7% | 17.7% | 18.0% | nan% | nan% | nan% |
| Research & Development | $7.69M | $1.72M | $813.00K | $1.45M | $1.89M | $1.75M | $1.04M | $989.00K | $1.53M | $2.07M | $388.00K | $376.00K | $1.13M | $1.71M | $1.72M | $1.19M | $1.37M | - | - | - |
| Selling General & Admin | $50.28M | $54.46M | $18.75M | $18.43M | $17.52M | $18.09M | $17.36M | $16.50M | $18.30M | $17.69M | $16.04M | $16.52M | $15.31M | $17.56M | $20.95M | $20.84M | $34.33M | - | - | - |
| Operating Income | $-41.85M | $-91.89M | $-14.32M | $-18.98M | $-12.51M | $-7.13M | $-3.58M | $-6.76M | $-2.72M | $-3.86M | $-2.22M | $-25.79M | $-10.31M | $-92.80M | $-17.55M | $-16.34M | $-31.05M | $-707.64K | $-213.97K | - |
| Operating Margin % | -40.5% | -148.8% | -23.3% | -27.3% | -18.2% | -9.1% | -4.1% | -10.6% | -4.3% | -6.4% | -3.9% | -48.0% | -27.7% | -252.7% | -53.4% | -39.8% | -95.0% | nan% | nan% | nan% |
| Interest Expense | - | - | - | - | - | - | - | - | - | - | - | - | $4.42M | $2.76M | $1.41M | $1.40M | $4.61M | - | - | - |
| Interest Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $18.18K | $28.46K | - |
| Other Income/Expense | $13.84M | $-13.94M | $14.78M | $-45.91M | $-5.31M | $-7.93M | $-1.49M | $1.19M | $-1.23M | $970.00K | $-2.43M | $1.58M | $158.00K | $15.52M | $-1.18M | $857.00K | $2.96M | $-5.04M | $474.12K | - |
| Income Before Tax | $-34.29M | $-129.58M | $-3.13M | $-68.84M | $-21.43M | $-18.07M | $-7.99M | $-8.33M | $-6.58M | $-5.55M | $-7.29M | $-26.90M | $-12.56M | $-78.95M | $-20.18M | $-17.01M | $-29.83M | - | - | - |
| Income Tax Expense | $6.86M | $-32.60M | $-182.00K | $-1.67M | $-472.00K | $15.00K | $109.00K | $-117.00K | $-253.00K | $-85.00K | $-31.00K | $-1.02M | $-2.13M | $-1.93M | $-2.89M | $-3.30M | $-5.58M | - | - | - |
| Net Income | $-41.15M | $-96.98M | $-2.95M | $-67.17M | $-20.96M | $-18.09M | $-8.10M | $-8.29M | $-6.25M | $-5.46M | $-7.26M | $-25.87M | $-10.42M | $-77.03M | $-17.29M | $-13.71M | $-24.25M | $-5.75M | $260.15K | $-5.11K |
| Net Margin % | -39.8% | -157.0% | -4.8% | -96.6% | -30.5% | -23.2% | -9.2% | -13.1% | -10.0% | -9.1% | -12.6% | -48.2% | -28.0% | -209.7% | -52.6% | -33.4% | -74.2% | nan% | nan% | nan% |
| Basic EPS | -0.29 | -1.41 | -0.09 | -1.39 | -0.37 | -0.42 | -0.17 | -0.25 | -0.14 | -0.16 | -0.18 | -0.43 | -0.16 | -1.22 | -0.28 | -0.15 | -0.55 | nan | nan | nan |
| Diluted EPS | -0.29 | -1.41 | -0.09 | -1.39 | -0.37 | -0.42 | -0.17 | -0.25 | -0.14 | -0.16 | -0.18 | -0.43 | -0.16 | -1.22 | -0.28 | -0.15 | -0.55 | nan | nan | nan |
| Basic Shares Outstanding | 145.7M | 89.6M | 71.2M | 210K | 66.5M | 65.7M | 65.6M | 179K | 64.8M | 64.3M | - | 274K | 63.5M | 63.0M | 62.7M | 5.6M | 44.0M | - | - | - |
| Diluted Shares Outstanding | 145.7M | 89.6M | 71.2M | 210K | 66.5M | 65.7M | 65.6M | 179K | 64.8M | 64.3M | - | 274K | 63.5M | 63.0M | 62.7M | 5.6M | 44.0M | - | - | - |
| 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) |
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) |
Q2 2022 (Jun 30, 2022) |
Q1 2022 (Mar 31, 2022) |
Q4 2021 (Dec 31, 2021) |
Q3 2021 (Sep 30, 2021) |
Q2 2021 (Jun 30, 2021) |
Q1 2021 (Mar 31, 2021) |
Q3 2020 (Sep 30, 2020) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Cash Equivalents | - | - | - | - | - | $30.83M | $32.57M | $30.28M | $10.86M | $11.23M | $11.27M | $28.32M | $7.03M | $10.88M | $5.94M | $20.52M | $27.26M | $557.20K | $1.19M | $146.00 |
| Accounts Receivable | $31.98M | $36.81M | $15.25M | $21.91M | $22.65M | $22.08M | $18.99M | $32.41M | $24.64M | $25.49M | $23.48M | $26.73M | $16.52M | $12.70M | $11.98M | $16.26M | $10.40M | - | - | - |
| Inventory | $53.49M | $58.84M | $2.19M | $2.24M | $2.06M | $1.82M | $1.61M | $1.52M | $1.69M | $1.28M | $1.45M | $1.47M | $2.03M | $1.68M | $1.02M | $688.00K | $607.00K | - | - | - |
| Other Current Assets | $19.92M | $19.27M | $9.72M | $8.03M | $10.74M | $6.45M | $5.87M | $6.43M | $5.46M | $6.54M | $5.70M | $5.69M | $3.73M | $4.07M | $4.59M | $2.49M | $1.85M | $122.83K | $146.20K | - |
| Total Current Assets | $210.64M | $244.52M | $142.13M | $125.92M | $126.54M | $105.31M | $99.92M | $109.31M | $84.42M | $89.16M | $84.75M | $96.17M | $49.36M | $45.46M | $43.47M | $55.22M | $53.97M | $680.03K | $1.33M | - |
| Property Plant & Equipment | - | - | - | - | - | - | - | - | $14.63M | $13.87M | $12.91M | $12.76M | $6.70M | $5.82M | $18.79M | $19.38M | $4.83M | - | - | - |
| Goodwill | $800.01M | $789.25M | $72.00M | $71.16M | $72.57M | $65.22M | $65.31M | $65.76M | $64.41M | $64.99M | $64.91M | $64.62M | $56.71M | $56.75M | $96.23M | $96.31M | $69.62M | - | - | - |
| Intangible Assets | $353.23M | $396.13M | $62.07M | $61.79M | $62.52M | $61.76M | $62.00M | $62.98M | $62.97M | $64.41M | $65.33M | $66.87M | $56.21M | $57.72M | $88.35M | $90.84M | $87.45M | - | - | - |
| Other Non-current Assets | $365.00K | $521.00K | $3.07M | $557.00K | $724.00K | $604.00K | $475.00K | $511.00K | $509.00K | $570.00K | $953.00K | $909.00K | $616.00K | $756.00K | - | - | $125.00K | - | - | - |
| Total Assets | $1.45B | $1.51B | $314.10M | $292.62M | $289.94M | $260.27M | $259.54M | $271.27M | $244.23M | $251.40M | $245.08M | $257.70M | $184.37M | $178.60M | $259.82M | $261.76M | $216.01M | $166.97M | $167.60M | $262.53K |
| Accounts Payable | $34.31M | $38.88M | $28.18M | $32.13M | $19.94M | $27.80M | $28.06M | $18.57M | $14.19M | $16.89M | $14.06M | $17.58M | $17.59M | $18.41M | $13.90M | $13.13M | $7.39M | $194.80K | $193.81K | - |
| Accrued Liabilities | $28.96M | $33.38M | $19.82M | $24.19M | $27.81M | $28.62M | $30.73M | $32.90M | $37.68M | $34.31M | $36.27M | $36.58M | $18.91M | $14.59M | $19.32M | $17.12M | $12.84M | - | - | - |
| Deferred Revenue | $60.01M | $65.34M | $59.75M | $67.20M | $56.68M | $44.08M | $37.17M | $52.65M | $27.06M | $33.91M | $25.00M | $29.82M | $17.37M | $15.82M | $13.93M | $15.73M | $11.74M | - | - | - |
| Other Current Liabilities | $12.99M | $12.26M | $5.03M | $19.73M | $20.81M | $2.06M | $2.59M | $2.36M | $2.31M | $3.34M | $3.51M | $3.67M | $1.79M | $1.83M | $1.31M | $1.57M | $823.00K | - | - | - |
| Total Current Liabilities | $149.58M | $167.43M | $118.54M | $149.34M | $131.02M | $107.30M | $103.41M | $112.04M | $87.25M | $93.22M | $84.22M | $94.74M | $63.62M | $55.33M | $53.88M | $51.24M | $37.51M | $248.75K | $193.81K | $242.64K |
| Long-term Debt | $184.70M | $185.46M | $104.38M | $124.46M | $121.55M | $94.65M | $89.74M | $86.84M | $79.94M | $75.05M | $75.02M | $74.75M | $89.51M | $84.62M | $74.75M | $74.87M | $74.99M | - | - | - |
| Deferred Tax Liabilities | $37.28M | $40.80M | $615.00K | $582.00K | $2.38M | $2.44M | $2.44M | $2.40M | $2.19M | $2.98M | $3.17M | $3.25M | $1.64M | $3.77M | $5.67M | $8.60M | $6.42M | - | - | - |
| Other Non-current Liabilities | $2.12M | $2.61M | $1.94M | $428.00K | $401.00K | $378.00K | $416.00K | $400.00K | $355.00K | $375.00K | $384.00K | $506.00K | $325.00K | $325.00K | $609.00K | $730.00K | - | - | - | - |
| Total Liabilities | $413.33M | $448.70M | $247.43M | $344.53M | $277.67M | $229.84M | $213.01M | $218.44M | $187.53M | $189.81M | $180.07M | $187.81M | $169.57M | $157.50M | $165.61M | $154.53M | $137.70M | $47.15M | $42.03M | - |
| Common Stock | $15.00K | $14.00K | $8.00K | $7.00K | $7.00K | $7.00K | $7.00K | $7.00K | $6.00K | $6.00K | $6.00K | $6.00K | $6.00K | $6.00K | $6.00K | $6.00K | $6.00K | - | - | - |
| Retained Earnings | $-536.29M | $-493.39M | $-351.05M | $-348.11M | $-280.94M | $-259.98M | $-241.89M | $-233.79M | $-225.50M | $-219.25M | $-213.79M | $-206.53M | $-180.66M | $-170.23M | $-93.20M | $-75.91M | $-62.20M | $-17.75M | $-12.00M | $-5.11K |
| Total Stockholders Equity | $928.04M | $907.59M | $-68.06M | $-188.71M | $-96.42M | $-78.27M | $-49.79M | $-43.51M | $-28.85M | $-24.03M | $-11.59M | $-6.70M | $14.80M | $21.10M | $94.21M | $107.22M | $78.31M | $5.00M | $5.00M | $19.89K |
| Total Liabilities & Equity | $1.45B | $1.51B | $314.10M | $292.62M | $289.94M | $260.27M | $259.54M | $271.27M | $244.23M | $251.40M | $245.08M | $257.70M | $184.37M | $178.60M | $259.82M | $261.76M | $216.01M | $166.97M | $167.60M | $262.53K |
| 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) |
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) |
Q2 2022 (Jun 30, 2022) |
Q1 2022 (Mar 31, 2022) |
Q4 2021 (Dec 31, 2021) |
Q3 2021 (Sep 30, 2021) |
Q2 2021 (Jun 30, 2021) |
Q1 2021 (Mar 31, 2021) |
Q3 2020 (Sep 30, 2020) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $-41.15M | $-99.93M | $-2.95M | $-67.17M | $-20.96M | $-18.09M | $-8.10M | $-8.29M | $-6.25M | $-5.46M | $-7.26M | $-25.87M | $-104.74M | $-94.32M | $-17.29M | $-13.71M | $-24.25M | $-5.49M | $260.15K | $-5.11K |
| Depreciation & Amortization | $20.23M | $8.11M | $3.05M | $3.15M | $8.54M | $5.68M | $2.75M | $2.75M | $7.97M | $5.08M | $2.47M | $2.45M | $8.84M | $7.06M | $3.66M | $3.08M | $7.51M | - | - | - |
| Stock-based Compensation | $47.59M | $35.60M | $2.91M | $3.28M | $8.05M | $4.45M | $2.54M | $2.34M | $6.32M | $3.87M | $1.96M | $2.11M | $8.67M | $6.15M | $4.41M | $4.19M | $22.92M | - | - | - |
| Deferred Income Tax | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $-8.08M | - | - | - |
| Change in Receivables | $-1.59M | $3.47M | $-6.85M | $-174.00K | $-14.50M | $-9.99M | $-13.17M | $7.59M | $-2.03M | $-1.38M | $-3.39M | $6.36M | $283.00K | $-3.55M | $-4.27M | $5.58M | $1.24M | - | - | - |
| Change in Inventory | $3.94M | $-1.45M | $-55.00K | $197.00K | $537.00K | $314.00K | $100.00K | $-177.00K | $221.00K | $-188.00K | $-18.00K | $-384.00K | $1.36M | $1.00M | $337.00K | $-39.00K | $234.00K | - | - | - |
| Change in Payables | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $69.80K | $68.81K | - |
| Operating Cash Flow | $-153.07M | $-132.74M | $-45.08M | $7.06M | $-24.41M | $-6.74M | $2.76M | $15.69M | $-14.46M | $-11.20M | $-14.05M | $-4.83M | $-26.83M | $-15.58M | $-11.45M | $-3.03M | $-34.33M | $-789.63K | $-108.85K | - |
| Capital Expenditure | $11.29M | $4.75M | $1.79M | $2.33M | $4.06M | $2.48M | $1.56M | $2.10M | $3.52M | $2.22M | $787.00K | $833.00K | $2.79M | $1.90M | $892.00K | $254.00K | $1.84M | - | - | - |
| Acquisitions | $151.79M | $151.79M | - | $85.00K | $796.00K | - | - | - | - | - | - | $33.23M | - | - | - | $1.82M | $38.73M | - | - | - |
| Investing Cash Flow | $-169.22M | $-161.73M | $-4.05M | $-4.15M | $-3.05M | $544.00K | $-2.37M | $-3.11M | $-5.21M | $-2.55M | $-799.00K | $-33.95M | $-3.43M | $-2.07M | $-1.01M | $-2.45M | $-36.09M | - | - | - |
| Debt Repayment | $127.20M | $125.88M | $25.68M | $680.00K | $8.18M | $7.99M | $2.79M | $6.79M | $19.89M | $13.70M | $1.09M | $19.17M | $4.49M | $2.29M | $1.34M | $5.33M | $47.47M | - | - | - |
| Stock Issued | $337.81M | $328.68M | $82.86M | $2.12M | $546.00K | $530.00K | - | $1.16M | $84.00K | - | - | - | $2.96M | $1.22M | - | - | - | - | - | - |
| Financing Cash Flow | $326.92M | $323.49M | $54.19M | $3.44M | $40.28M | $6.93M | $2.03M | $6.77M | $2.29M | $-3.44M | $-2.24M | $59.70M | $16.86M | $8.08M | $-2.11M | $-1.33M | $75.54M | $51.45K | - | $146.00 |
| Net Change in Cash | $5.26M | $29.49M | $5.15M | $5.98M | $12.82M | $554.00K | $2.29M | $19.42M | $-17.46M | $-17.09M | $-17.04M | $21.29M | $-13.49M | $-9.64M | $-14.59M | $-6.74M | $5.18M | $-738.18K | $-108.85K | $146.00 |
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.