$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) |
|---|---|---|---|---|---|---|---|
| Total Revenue | $226.04M | $393.49M | $362.24M | $302.36M | $275.23M | $231.41M | $255.77M |
| Revenue Growth % (YoY) | -17.9% | 70.0% | 41.6% | nan% | nan% | nan% | nan% |
| Cost of Revenue | $206.71M | $287.82M | $265.12M | $225.94M | $196.91M | $153.09M | $169.81M |
| Gross Profit | $19.33M | $105.67M | $97.12M | $76.43M | $78.32M | $78.31M | $85.95M |
| Gross Margin % | 8.6% | 26.9% | 26.8% | 25.3% | 28.5% | 33.8% | 33.6% |
| Operating Expenses | $167.44M | $60.22M | $50.75M | $49.14M | $220.66M | $210.99M | $46.35M |
| Operating Income | $-148.11M | $45.45M | $46.38M | $27.28M | $-142.35M | $-132.68M | $39.60M |
| Operating Margin % | -65.5% | 11.6% | 12.8% | 9.0% | -51.7% | -57.3% | 15.5% |
| Interest Expense | $-5.79M | $5.05M | $8.77M | $8.04M | $8.99M | $29.67M | $17.82M |
| Other Income/Expense | $-1.00M | $68.00K | $-79.00K | $23.00K | $654.00K | $-682.00K | $-1.79M |
| Income Before Tax | $-152.82M | $43.44M | $56.88M | $23.28M | $-150.05M | $-137.50M | $33.51M |
| Income Tax Expense | $-7.07M | $9.94M | $13.62M | $6.53M | $-23.15M | $3.85M | $7.81M |
| Net Income | $-145.75M | $33.50M | $43.26M | $16.75M | $-126.90M | $-141.35M | $25.70M |
| Net Margin % | -64.5% | 8.5% | 11.9% | 5.5% | -46.1% | -61.1% | 10.0% |
| Basic EPS | -1.05 | 0.12 | 0.19 | 0.02 | -0.93 | -1.02 | 0.08 |
| Diluted EPS | -1.05 | 0.12 | 0.19 | 0.02 | -0.93 | -1.02 | 0.08 |
| Basic Shares Outstanding | - | 152.7M | 152.6M | 152.1M | 63K | 151.9M | 151.8M |
| Diluted Shares Outstanding | - | 154.1M | 153.1M | 152.8M | 63K | 151.9M | 152.2M |
| 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 | $244.39M | $221.52M | $377.27M | $348.32M | $362.99M | $332.37M | $282.32M |
| Accounts Receivable | $271.58M | $378.59M | $367.18M | $282.57M | $275.84M | $282.12M | $309.72M |
| Inventory | $150.37M | $180.88M | $177.97M | $186.88M | $200.82M | $195.70M | $165.64M |
| Other Current Assets | $21.75M | $83.97M | $114.54M | $157.35M | $27.82M | $92.10M | $91.26M |
| Total Current Assets | $869.04M | $866.55M | $1.04B | $976.29M | $998.72M | $902.28M | $848.94M |
| Property Plant & Equipment | $58.23M | $54.66M | $35.08M | $28.74M | $26.22M | $27.63M | $26.68M |
| Goodwill | $135.17M | $245.22M | $172.61M | $164.22M | $160.19M | $250.87M | $402.50M |
| Intangible Assets | $238.58M | $244.48M | $174.35M | $176.35M | $181.41M | $301.60M | $307.59M |
| Other Non-current Assets | $29.72M | $182.94M | $96.50M | $64.11M | $41.70M | $65.00M | $52.45M |
| Total Assets | $1.45B | $1.61B | $1.54B | $1.43B | $1.43B | $1.56B | $1.65B |
| Accounts Payable | $143.99M | $231.88M | $161.25M | $153.78M | $172.37M | $149.20M | $112.49M |
| Deferred Revenue | $128.43M | $95.39M | $151.76M | $120.22M | $119.78M | $112.62M | $90.98M |
| Other Current Liabilities | $2.24M | $7.67M | $7.58M | $9.13M | $15.29M | $31.25M | $40.70M |
| Total Current Liabilities | $377.01M | $458.49M | $468.33M | $408.49M | $437.81M | $374.89M | $337.58M |
| Long-term Debt | $658.66M | $658.38M | $657.59M | $644.52M | $646.57M | $648.32M | $651.52M |
| Deferred Tax Liabilities | $22.13M | $22.04M | $22.77M | $21.63M | $21.40M | $55.25M | $54.51M |
| Other Non-current Liabilities | $25.84M | $50.47M | $17.26M | $17.31M | $18.68M | $16.89M | $18.61M |
| Total Liabilities | $1.19B | $1.21B | $1.18B | $1.10B | $1.14B | $1.11B | $1.07B |
| Common Stock | $152.00K | $152.00K | $151.00K | $151.00K | $151.00K | $151.00K | $151.00K |
| Retained Earnings | $-422.86M | $-277.11M | $-310.62M | $-353.88M | $-370.62M | $-243.72M | $-102.37M |
| Total Stockholders Equity | $-206.34M | $-46.72M | $-70.87M | $-97.77M | $-118.10M | $64.49M | $199.96M |
| Total Liabilities & Equity | $1.45B | $1.61B | $1.54B | $1.43B | $1.43B | $1.56B | $1.65B |
| 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 | $-145.75M | $33.50M | $43.26M | $16.75M | $-126.90M | $-113.49M | $27.86M |
| Depreciation & Amortization | $8.25M | $6.96M | $10.99M | $5.35M | $8.70M | $8.88M | $8.88M |
| Stock-based Compensation | $4.23M | $11.34M | $6.70M | $2.80M | $3.50M | $6.85M | $4.84M |
| Deferred Income Tax | $-3.55M | $6.75M | $-246.00K | $1.02M | $-30.37M | $-7.28M | $-3.50M |
| Change in Working Capital | - | $88.94M | $54.33M | $48.78M | - | - | - |
| Change in Receivables | - | - | - | - | $442.00K | $-41.87M | $1.38M |
| Change in Inventory | - | - | - | - | $14.82M | $29.96M | $7.21M |
| Operating Cash Flow | $43.64M | $58.15M | $30.78M | $-13.06M | $57.59M | $96.39M | $51.46M |
| Capital Expenditure | $7.48M | $14.50M | $8.98M | $2.35M | $1.70M | $5.60M | $4.53M |
| Acquisitions | - | $164.92M | - | - | - | - | - |
| Investing Cash Flow | $-8.48M | $-179.41M | $-8.98M | $-2.35M | $-15.98M | $6.41M | $-4.49M |
| Financing Cash Flow | $-12.54M | $-25.52M | $-12.78M | $-1.73M | $397.00K | $-12.24M | $-4.14M |
| Net Change in Cash | $22.88M | $-141.04M | $14.63M | $-14.65M | $31.77M | $83.29M | $33.24M |
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.