$439.90M
Revenue
$94.75M
Net Income
74.41%
Gross Margin
28.71%
Op. Margin
$225.44M
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) |
|---|---|---|---|---|---|---|
| Total Revenue | $439.90M | $439.90M | $344.64M | $259.69M | $195.01M | $145.83M |
| Revenue Growth % | 0.0% | 27.6% | 32.7% | 33.2% | 33.7% | nan% |
| Cost of Revenue | $112.56M | $112.56M | $87.58M | $67.46M | $51.28M | $37.36M |
| Gross Profit | $327.34M | $327.34M | $257.06M | $192.23M | $143.74M | $108.47M |
| Gross Margin % | 74.4% | 74.4% | 74.6% | 74.0% | 73.7% | 74.4% |
| Operating Expenses | $313.61M | $313.61M | $252.04M | $204.24M | $181.98M | $1.76M |
| Research & Development | $48.93M | $48.93M | $32.81M | $29.33M | $17.90M | $10.91M |
| Selling General & Admin | $143.26M | $143.26M | $114.74M | $80.42M | $75.30M | $30.62M |
| Operating Income | $126.29M | $126.29M | $92.60M | $55.45M | $13.04M | $-1.76M |
| Operating Margin % | 28.7% | 28.7% | 26.9% | 21.4% | 6.7% | -1.2% |
| Interest Expense | $28.98M | $20.11M | $25.99M | $47.86M | $18.05M | $22.75M |
| Interest Income | - | - | - | - | - | $85.13K |
| Other Income/Expense | $63.00K | $63.00K | $-715.00K | $85.00K | $-2.80M | $1.29M |
| Income Before Tax | $118.61M | $118.61M | $-118.29M | $-51.74M | $-7.00K | $6.30M |
| Income Tax Expense | $23.86M | $23.86M | $12.71M | $4.02M | $-859.00K | $1.24M |
| Net Income | $94.75M | $94.75M | $-131.00M | $-55.77M | $852.00K | $23.19M |
| Net Margin % | 21.5% | 21.5% | -38.0% | -21.5% | 0.4% | 15.9% |
| Basic EPS | 0.44 | 0.45 | -0.74 | -0.32 | 0.01 | 0.03 |
| Diluted EPS | 0.43 | 0.43 | -0.74 | -0.32 | 0.01 | 0.03 |
| Basic Shares Outstanding | - | 190.1M | 175.9M | 174.2M | 157.9M | 152.8M |
| Diluted Shares Outstanding | - | 195.2M | 175.9M | 174.2M | 159.2M | 152.9M |
| 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) |
|---|---|---|---|---|---|
| Cash & Cash Equivalents | $87.05M | $59.15M | $27.61M | $8.72M | $15.78M |
| Accounts Receivable | $67.95M | $49.60M | $33.91M | $22.43M | $17.89M |
| Other Current Assets | $1.27M | $1.68M | $2.41M | $750.00K | $3.31M |
| Total Current Assets | $166.04M | $116.98M | $71.75M | $43.18M | $141.25K |
| Property Plant & Equipment | $1.15M | $1.67M | $1.58M | $2.02M | $2.37M |
| Goodwill | $275.70M | $275.70M | $275.70M | $275.70M | $258.62M |
| Intangible Assets | $65.84M | $69.87M | $82.33M | $104.54M | $139.71M |
| Other Non-current Assets | $3.97M | $1.21M | $1.05M | $64.00K | $84.00K |
| Total Assets | $531.03M | $479.09M | $444.60M | $438.83M | $284.52M |
| Accounts Payable | $1.67M | $3.26M | $3.53M | $5.43M | $2.44M |
| Accrued Liabilities | - | - | - | - | $559.18K |
| Deferred Revenue | $24.29M | $19.97M | $19.18M | $18.59M | $20.08M |
| Total Current Liabilities | $84.92M | $67.81M | $60.64M | $61.85M | $559.18K |
| Long-term Debt | $395.86M | $290.58M | $325.60M | $338.48M | $133.28M |
| Deferred Tax Liabilities | $1.39M | - | $4.67M | $12.53M | $20.91M |
| Other Non-current Liabilities | $19.28M | $14.13M | $2.12M | $327.00K | $2.40M |
| Total Liabilities | $484.02M | $610.66M | $462.89M | $434.78M | $36.45M |
| Common Stock | $18.00K | $18.00K | $18.00K | $17.00K | $16.00K |
| Retained Earnings | $-97.06M | $-191.81M | $-60.81M | $-5.04M | $-36.21M |
| Total Stockholders Equity | $47.01M | $-131.57M | $-18.29M | $4.05M | $-36.21M |
| Total Liabilities & Equity | $531.03M | $479.09M | $444.60M | $438.83M | $284.52M |
| 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) |
|---|---|---|---|---|---|---|
| Net Income | $94.75M | $94.75M | $-131.00M | $-55.77M | $852.00K | $23.19M |
| Depreciation & Amortization | $8.86M | $8.86M | $16.91M | $27.04M | $37.51M | $43.23M |
| Stock-based Compensation | $92.94M | $54.52M | $37.27M | $15.82M | $28.42M | $2.60M |
| Deferred Income Tax | - | $2.63M | $-5.91M | $-7.98M | - | - |
| Change in Receivables | $29.57M | $18.32M | $14.97M | $11.89M | $4.83M | $6.11M |
| Change in Payables | $-4.67M | $-1.88M | $-461.00K | $-713.00K | $1.80M | $1.84M |
| Operating Cash Flow | $226.62M | $141.52M | $94.96M | $36.15M | $50.64M | $-1.10M |
| Capital Expenditure | $1.19M | $746.00K | $945.00K | $509.00K | $430.00K | $269.00K |
| Purchases of Investments | - | - | - | - | - | $5.52M |
| Investing Cash Flow | $-10.75M | $-8.62M | $-5.34M | $-4.23M | $-5.58M | $-5.52M |
| Debt Repayment | $319.85M | $308.60M | $50.80M | $367.48M | $3.48M | $56.64M |
| Stock Issued | - | - | - | - | $5.18M | - |
| Stock Repurchased | $873.16M | $450.51M | - | - | - | - |
| Financing Cash Flow | $70.41M | $-105.01M | $-58.85M | $-13.04M | $-52.11M | $5.49M |
| Net Change in Cash | $286.28M | $27.89M | $30.76M | $18.88M | $-7.05M | $-25.62M |
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 | $115.77M | - | $313.92M | - |
| Cost of Revenue | $28.92M | - | $80.87M | - |
| Operating Expenses | $70.53M | - | $218.94M | - |
| Research & Development | $11.09M | - | $34.32M | - |
| Selling General & Admin | $29.26M | - | $95.95M | - |
| Operating Income | $45.24M | - | $94.98M | - |
| Interest Expense | - | - | $12.27M | - |
| Other Income/Expense | $-654.00K | - | $4.00K | - |
| Income Before Tax | $39.92M | - | $92.78M | - |
| Income Tax Expense | $9.09M | - | $18.29M | - |
| Net Income | $30.83M | $-22.42M | $74.49M | - |
| Basic EPS | 0.16 | - | 0.39 | - |
| Diluted EPS | 0.16 | - | 0.33 | - |
| Basic Shares Outstanding | $189.71M | - | $191.82M | - |
| Diluted Shares Outstanding | $192.56M | - | $197.81M | - |
Condensed Consolidated Balance Sheets
| Description | Sep 30, 2025 | Dec 31, 2024 |
|---|---|---|
| Cash & Cash Equivalents | $6.33M | $59.15M |
| Accounts Receivable | $58.82M | $49.60M |
| Other Current Assets | $1.49M | $1.68M |
| Total Current Assets | $77.30M | $116.98M |
| Property Plant & Equipment | $1.46M | $1.67M |
| Goodwill | $275.70M | $275.70M |
| Intangible Assets | $65.85M | $69.87M |
| Other Non-current Assets | $1.39M | $1.21M |
| Total Assets | $439.19M | $479.09M |
| Accounts Payable | $4.11M | $3.26M |
| Deferred Revenue | $23.47M | $19.97M |
| Total Current Liabilities | $93.89M | $67.81M |
| Long-term Debt | $264.91M | $275.58M |
| Other Non-current Liabilities | $8.77M | $14.13M |
| Total Liabilities | $368.23M | $610.66M |
| Common Stock | $18.00K | $18.00K |
| Retained Earnings | $-117.32M | $-191.81M |
| Total Stockholders Equity | $70.95M | $-131.57M |
| Total Liabilities & Equity | $439.19M | $479.09M |
Condensed Consolidated Statements of Cash Flows
| Description | Sep 30, 2025 | Sep 30, 2025 | ||
|---|---|---|---|---|
| Current | Prior Year | Current YTD | Prior Year YTD | |
| Net Income | $30.83M | $-22.42M | $74.49M | - |
| Depreciation & Amortization | $1.26M | - | $7.81M | - |
| Stock-based Compensation | - | - | $33.49M | - |
| Change in Receivables | - | - | $9.20M | - |
| Change in Payables | - | - | $793.00K | - |
| Operating Cash Flow | - | - | $116.76M | - |
| Capital Expenditure | - | - | $524.00K | - |
| Investing Cash Flow | - | - | $-5.71M | - |
| Debt Repayment | - | - | $11.25M | - |
| Stock Repurchased | - | - | $450.51M | - |
| Financing Cash Flow | - | - | $-163.87M | - |
| Net Change in Cash | - | - | $-52.83M | - |
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.