$1.28B
Revenue
$-52.23M
Net Income
23.25%
Gross Margin
-2.26%
Op. Margin
$86.20M
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) |
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) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | $226.04M | $393.49M | $362.24M | $302.36M | $275.23M | $231.41M | $255.77M | $153.40M | $341.62M | $350.44M | $507.73M | $376.77M | $402.07M | $515.02M |
| Revenue Growth % (YoY) | -17.9% | 70.0% | 41.6% | 97.1% | -19.4% | -34.0% | -49.6% | -59.3% | -15.0% | -32.0% | nan% | nan% | nan% | nan% |
| Cost of Revenue | $206.71M | $287.82M | $265.12M | $225.94M | $196.91M | $153.09M | $169.81M | $98.31M | $257.39M | $263.06M | $357.68M | $275.59M | $321.55M | $434.80M |
| Gross Profit | $19.33M | $105.67M | $97.12M | $76.43M | $78.32M | $78.31M | $85.95M | $55.09M | $84.23M | $87.38M | $150.04M | $101.18M | $80.52M | $80.22M |
| Gross Margin % | 8.6% | 26.9% | 26.8% | 25.3% | 28.5% | 33.8% | 33.6% | 35.9% | 24.7% | 24.9% | 29.6% | 26.9% | 20.0% | 15.6% |
| Operating Expenses | $167.44M | $60.22M | $50.75M | $49.14M | $220.66M | $210.99M | $46.35M | $46.68M | $54.01M | $47.17M | $53.80M | $53.72M | $73.10M | $61.70M |
| Operating Income | $-148.11M | $45.45M | $46.38M | $27.28M | $-142.35M | $-132.68M | $39.60M | $8.41M | $30.22M | $40.20M | $96.24M | $47.46M | $7.42M | $18.52M |
| Operating Margin % | -65.5% | 11.6% | 12.8% | 9.0% | -51.7% | -57.3% | 15.5% | 5.5% | 8.8% | 11.5% | 19.0% | 12.6% | 1.8% | 3.6% |
| Interest Expense | $-5.79M | $5.05M | $8.77M | $8.04M | $8.99M | $29.67M | $17.82M | $8.94M | $8.86M | $13.06M | $10.11M | $9.50M | $9.80M | $8.75M |
| Other Income/Expense | $-1.00M | $68.00K | $-79.00K | $23.00K | $654.00K | $-682.00K | $-1.79M | $814.00K | $-888.00K | $-446.00K | $125.00K | $194.00K | $2.82M | $-399.00K |
| Income Before Tax | $-152.82M | $43.44M | $56.88M | $23.28M | $-150.05M | $-137.50M | $33.51M | $3.47M | $23.50M | $30.44M | $87.21M | $36.01M | $-385.00K | $51.97M |
| Income Tax Expense | $-7.07M | $9.94M | $13.62M | $6.53M | $-23.15M | $3.85M | $7.81M | $1.30M | $409.00K | $7.23M | $22.40M | $9.88M | $8.72M | $11.14M |
| Net Income | $-145.75M | $33.50M | $43.26M | $16.75M | $-126.90M | $-141.35M | $25.70M | $2.17M | $23.09M | $23.21M | $64.81M | $26.13M | $-9.11M | $40.82M |
| Net Margin % | -64.5% | 8.5% | 11.9% | 5.5% | -46.1% | -61.1% | 10.0% | 1.4% | 6.8% | 6.6% | 12.8% | 6.9% | -2.3% | 7.9% |
| Basic EPS | -1.05 | 0.12 | 0.19 | 0.02 | -0.93 | -1.02 | 0.08 | -0.07 | 0.07 | 0.07 | 0.34 | 0.09 | -0.14 | 0.19 |
| Diluted EPS | -1.05 | 0.12 | 0.19 | 0.02 | -0.93 | -1.02 | 0.08 | -0.07 | 0.06 | 0.07 | 0.34 | 0.09 | -0.14 | 0.19 |
| Basic Shares Outstanding | - | 152.7M | 152.6M | 152.1M | 63K | 151.9M | 151.8M | 151.4M | 77K | 151.1M | 150.9M | 150.6M | 215K | 150.3M |
| Diluted Shares Outstanding | - | 154.1M | 153.1M | 152.8M | 63K | 151.9M | 152.2M | 151.4M | -61K | 152.3M | 152.1M | 151.8M | 215K | 151.4M |
| 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) |
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) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Cash Equivalents | $244.39M | $221.52M | $377.27M | $348.32M | $362.99M | $332.37M | $282.32M | $287.62M | $249.08M | $174.01M | $155.97M | $147.76M | $133.90M | $62.78M |
| Accounts Receivable | $271.58M | $378.59M | $367.18M | $282.57M | $275.84M | $282.12M | $309.72M | $229.22M | $332.15M | $427.66M | $502.36M | $414.71M | $421.18M | $485.17M |
| Inventory | $150.37M | $180.88M | $177.97M | $186.88M | $200.82M | $195.70M | $165.64M | $178.69M | $161.96M | $216.02M | $206.86M | $254.62M | $233.16M | $269.77M |
| Other Current Assets | $21.75M | $83.97M | $114.54M | $157.35M | $27.82M | $92.10M | $91.26M | $78.88M | $89.08M | $45.03M | $42.74M | $46.38M | $39.43M | $41.31M |
| Total Current Assets | $869.04M | $866.55M | $1.04B | $976.29M | $998.72M | $902.28M | $848.94M | $774.42M | $832.28M | $863.09M | $908.24M | $866.64M | $831.21M | $871.80M |
| Property Plant & Equipment | $58.23M | $54.66M | $35.08M | $28.74M | $26.22M | $27.63M | $26.68M | $26.69M | $31.89M | $29.52M | $30.67M | $25.86M | $23.17M | $20.02M |
| Goodwill | $135.17M | $245.22M | $172.61M | $164.22M | $160.19M | $250.87M | $402.50M | $425.41M | $435.59M | $426.54M | $441.25M | $428.17M | $416.18M | $359.63M |
| Intangible Assets | $238.58M | $244.48M | $174.35M | $176.35M | $181.41M | $301.60M | $307.59M | $339.18M | $350.40M | $353.92M | $375.53M | $379.37M | $386.36M | $384.08M |
| Other Non-current Assets | $29.72M | $182.94M | $96.50M | $64.11M | $41.70M | $65.00M | $52.45M | $49.73M | $40.72M | $41.55M | $33.08M | $30.80M | $32.66M | $27.50M |
| Total Assets | $1.45B | $1.61B | $1.54B | $1.43B | $1.43B | $1.56B | $1.65B | $1.63B | $1.71B | $1.78B | $1.85B | $1.79B | $1.71B | $1.68B |
| Accounts Payable | $143.99M | $231.88M | $161.25M | $153.78M | $172.37M | $149.20M | $112.49M | $93.40M | $119.50M | $171.73M | $188.63M | $200.59M | $170.43M | $199.36M |
| Deferred Revenue | $128.43M | $95.39M | $151.76M | $120.22M | $119.78M | $112.62M | $90.98M | $86.56M | $66.49M | $100.76M | $114.81M | $151.34M | $178.92M | $154.69M |
| Other Current Liabilities | $2.24M | $7.67M | $7.58M | $9.13M | $15.29M | $31.25M | $40.70M | $35.56M | $48.05M | $6.16M | $12.84M | $10.39M | $10.55M | $4.98M |
| Total Current Liabilities | $377.01M | $458.49M | $468.33M | $408.49M | $437.81M | $374.89M | $337.58M | $283.66M | $335.69M | $400.51M | $434.95M | $470.58M | $465.26M | $513.12M |
| Long-term Debt | $658.66M | $658.38M | $657.59M | $644.52M | $646.57M | $648.32M | $651.52M | $657.71M | $660.95M | $658.88M | $702.49M | $705.83M | $720.35M | $725.11M |
| Deferred Tax Liabilities | $22.13M | $22.04M | $22.77M | $21.63M | $21.40M | $55.25M | $54.51M | $62.88M | $66.86M | $69.93M | $74.90M | $73.05M | $72.61M | $74.14M |
| Other Non-current Liabilities | $25.84M | $50.47M | $17.26M | $17.31M | $18.68M | $16.89M | $18.61M | $19.26M | $20.43M | $21.82M | $16.12M | $13.94M | $14.81M | $9.11M |
| Total Liabilities | $1.19B | $1.21B | $1.18B | $1.10B | $1.14B | $1.11B | $1.07B | $1.03B | $1.10B | $1.16B | $1.24B | $1.27B | $1.28B | $1.33B |
| Common Stock | $152.00K | $152.00K | $151.00K | $151.00K | $151.00K | $151.00K | $151.00K | $151.00K | $151.00K | $151.00K | $151.00K | $150.00K | $150.00K | $150.00K |
| Retained Earnings | $-422.86M | $-277.11M | $-310.62M | $-353.88M | $-370.62M | $-243.72M | $-102.37M | $-128.06M | $-130.23M | $-153.32M | $-176.53M | $-241.34M | $-267.47M | $-258.36M |
| Total Stockholders Equity | $-206.34M | $-46.72M | $-70.87M | $-97.77M | $-118.10M | $64.49M | $199.96M | $231.22M | $259.25M | $278.46M | $287.45M | $207.33M | $124.28M | $61.82M |
| Total Liabilities & Equity | $1.45B | $1.61B | $1.54B | $1.43B | $1.43B | $1.56B | $1.65B | $1.63B | $1.71B | $1.78B | $1.85B | $1.79B | $1.71B | $1.68B |
| 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) |
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) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $-145.75M | $33.50M | $43.26M | $16.75M | $-126.90M | $-113.49M | $27.86M | $2.17M | $23.09M | $114.15M | $64.81M | $26.13M | $-9.11M | $40.82M |
| Depreciation & Amortization | $8.25M | $6.96M | $10.99M | $5.35M | $8.70M | $8.88M | $8.88M | $9.63M | $9.57M | $29.36M | $27.69M | $14.53M | $29.85M | $71.21M |
| Stock-based Compensation | $4.23M | $11.34M | $6.70M | $2.80M | $3.50M | $6.85M | $4.84M | $3.93M | $2.85M | $11.70M | $8.31M | $3.37M | $3.31M | $11.68M |
| Deferred Income Tax | $-3.55M | $6.75M | $-246.00K | $1.02M | $-30.37M | $-7.28M | $-3.50M | $-13.00K | $-9.15M | $284.00K | $816.00K | $4.55M | $-637.00K | $-30.93M |
| Change in Working Capital | - | $88.94M | $54.33M | $48.78M | - | - | - | - | - | - | - | - | - | - |
| Change in Receivables | - | - | - | - | $442.00K | $-41.87M | $1.38M | $-95.99M | $-99.16M | $6.36M | $81.04M | $-6.24M | $-62.05M | $139.04M |
| Change in Inventory | - | - | - | - | $14.82M | $29.96M | $7.21M | $11.54M | $-54.19M | $-12.55M | $-22.84M | $23.31M | $-35.14M | $14.27M |
| Operating Cash Flow | $43.64M | $58.15M | $30.78M | $-13.06M | $57.59M | $96.39M | $51.46M | $47.50M | $93.98M | $137.97M | $66.36M | $45.82M | $97.47M | $44.02M |
| Capital Expenditure | $7.48M | $14.50M | $8.98M | $2.35M | $1.70M | $5.60M | $4.53M | $2.40M | $5.37M | $11.62M | $9.42M | $3.88M | $3.93M | $6.69M |
| Acquisitions | - | $164.92M | - | - | - | - | - | - | - | - | - | - | $2.00K | $373.82M |
| Investing Cash Flow | $-8.48M | $-179.41M | $-8.98M | $-2.35M | $-15.98M | $6.41M | $-4.49M | $-2.39M | $-5.21M | $-11.62M | $-9.42M | $-3.88M | $-3.93M | $-380.51M |
| Stock Issued | - | - | - | - | - | - | - | - | - | - | - | - | - | $15.88M |
| Financing Cash Flow | $-12.54M | $-25.52M | $-12.78M | $-1.73M | $397.00K | $-12.24M | $-4.14M | $-4.58M | $-17.32M | $-84.44M | $-39.31M | $-23.76M | $-24.71M | $33.15M |
| Net Change in Cash | $22.88M | $-141.04M | $14.63M | $-14.65M | $31.77M | $83.29M | $33.24M | $38.54M | $75.07M | $40.11M | $22.07M | $13.86M | $71.12M | $-304.89M |
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 | $393.49M | $231.41M | $1.06B | $640.58M |
| Cost of Revenue | $287.82M | $153.09M | $778.87M | $421.22M |
| Gross Profit | $105.67M | $78.31M | $279.22M | $219.36M |
| Operating Expenses | $60.22M | $210.99M | $160.11M | $304.02M |
| Operating Income | $45.45M | $-132.68M | $119.11M | $-84.66M |
| Interest Expense | $5.05M | $8.26M | $21.85M | $25.82M |
| Other Income/Expense | $68.00K | $-682.00K | $12.00K | $-1.66M |
| Income Before Tax | $43.44M | $-137.50M | $123.60M | $-100.53M |
| Income Tax Expense | $9.94M | $3.85M | $30.09M | $12.96M |
| Net Income | $33.50M | $-141.35M | $93.51M | $-113.49M |
| Basic EPS | 0.12 | -1.02 | 0.32 | -1.02 |
| Diluted EPS | 0.12 | -1.02 | 0.32 | -1.02 |
| Basic Shares Outstanding | $152.73M | $151.92M | $152.47M | $151.69M |
| Diluted Shares Outstanding | $154.09M | $151.92M | $153.35M | $151.69M |
Condensed Consolidated Balance Sheets
| Description | Sep 30, 2025 | Dec 31, 2024 |
|---|---|---|
| Cash & Cash Equivalents | $221.52M | $362.99M |
| Accounts Receivable | $378.59M | $275.84M |
| Inventory | $180.88M | $200.82M |
| Other Current Assets | $83.97M | $157.93M |
| Total Current Assets | $866.55M | $998.72M |
| Property Plant & Equipment | $54.66M | $26.22M |
| Goodwill | $245.22M | $160.19M |
| Intangible Assets | $244.48M | $181.41M |
| Other Non-current Assets | $182.94M | $41.70M |
| Total Assets | $1.61B | $1.43B |
| Accounts Payable | $231.88M | $172.37M |
| Deferred Revenue | $95.39M | $119.78M |
| Other Current Liabilities | $7.67M | $15.29M |
| Total Current Liabilities | $458.49M | $437.81M |
| Long-term Debt | $658.38M | $646.57M |
| Deferred Tax Liabilities | $22.04M | $21.40M |
| Other Non-current Liabilities | $50.47M | $18.68M |
| Total Liabilities | $1.21B | $1.14B |
| Common Stock | $152.00K | $151.00K |
| Retained Earnings | $-277.11M | $-370.62M |
| Total Stockholders Equity | $-46.72M | $-118.10M |
| Total Liabilities & Equity | $1.61B | $1.43B |
Condensed Consolidated Statements of Cash Flows
| Description | Sep 30, 2025 | Sep 30, 2025 | ||
|---|---|---|---|---|
| Current | Prior Year | Current YTD | Prior Year YTD | |
| Net Income | $33.50M | $-141.35M | $93.51M | $-113.49M |
| Depreciation & Amortization | $6.96M | $8.88M | $17.95M | $27.38M |
| Stock-based Compensation | - | - | $11.34M | $6.85M |
| Deferred Income Tax | - | - | $6.75M | $-7.28M |
| Change in Working Capital | - | - | $88.94M | $1.93M |
| Operating Cash Flow | - | - | $58.15M | $96.39M |
| Capital Expenditure | - | - | $14.50M | $5.60M |
| Acquisitions | - | - | $164.92M | - |
| Investing Cash Flow | - | - | $-179.41M | $6.41M |
| Financing Cash Flow | - | - | $-25.52M | $-12.24M |
| Net Change in Cash | - | - | $-141.04M | $83.29M |
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.