$1.28B
Revenue
$-52.23M
Net Income
23.25%
Gross Margin
-2.26%
Op. Margin
$86.20M
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) |
FY 2020 (Dec 31, 2020) |
|---|---|---|---|---|---|---|---|
| Total Revenue | $1.28B | $1.28B | $915.81M | $1.58B | $1.64B | $853.32M | $872.66M |
| Revenue Growth % | 0.0% | 40.2% | -41.9% | -3.7% | 91.9% | -2.2% | nan% |
| Cost of Revenue | $985.59M | $985.59M | $618.13M | $1.16B | $1.41B | $770.46M | $669.86M |
| Gross Profit | $298.55M | $298.55M | $297.68M | $415.55M | $227.28M | $82.86M | $202.80M |
| Gross Margin % | 23.2% | 23.2% | 32.5% | 26.4% | 13.9% | 9.7% | 23.2% |
| Operating Expenses | $327.55M | $327.55M | $524.68M | $201.43M | $245.41M | $107.60M | $107.59M |
| Research & Development | - | $9.90M | $6.70M | $8.50M | - | - | - |
| Operating Income | $-29.00M | $-29.00M | $-227.00M | $214.12M | $-18.13M | $-24.74M | $95.21M |
| Operating Margin % | -2.3% | -2.3% | -24.8% | 13.6% | -1.1% | -2.9% | 10.9% |
| Interest Expense | $16.06M | $16.06M | $38.66M | $44.23M | $33.51M | $35.48M | $15.13M |
| Other Income/Expense | $-992.00K | $-992.00K | $-1.01M | $-1.01M | $2.79M | $-905.00K | $-2.31M |
| Income Before Tax | $-29.22M | $-29.22M | $-250.58M | $177.16M | $-4.95M | $-61.12M | $77.78M |
| Income Tax Expense | $23.02M | $23.02M | $-10.18M | $39.92M | $-9.38M | $-10.72M | $18.70M |
| Net Income | $-52.23M | $-52.23M | $-240.39M | $137.24M | $4.43M | $-50.40M | $59.07M |
| Net Margin % | -4.1% | -4.1% | -26.2% | 8.7% | 0.3% | -5.9% | 6.8% |
| Basic EPS | -0.72 | -0.73 | -1.95 | 0.57 | -0.29 | -0.51 | 0.49 |
| Diluted EPS | -0.72 | -0.73 | -1.95 | 0.56 | -0.29 | -0.51 | 0.49 |
| Basic Shares Outstanding | - | 152.5M | 151.8M | 150.9M | 149.8M | 130.0M | 121.5M |
| Diluted Shares Outstanding | - | 152.5M | 151.8M | 152.0M | 149.8M | 130.0M | 121.5M |
| 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) |
FY 2020 (Dec 31, 2020) |
|---|---|---|---|---|---|---|
| Cash & Cash Equivalents | $244.39M | $362.99M | $249.08M | $133.90M | $367.67M | $108.44M |
| Accounts Receivable | $271.58M | $275.84M | $332.15M | $421.18M | $236.01M | $118.69M |
| Inventory | $150.37M | $200.82M | $161.96M | $233.16M | $205.65M | $118.46M |
| Other Current Assets | $21.75M | $27.82M | $89.08M | $39.43M | $33.65M | $12.42M |
| Total Current Assets | $869.04M | $998.72M | $832.28M | $831.21M | $852.03M | $375.18M |
| Property Plant & Equipment | $58.23M | $26.22M | $31.89M | $23.17M | $10.69M | $9.77M |
| Goodwill | $135.17M | $160.19M | $435.59M | $416.18M | $69.73M | $69.73M |
| Intangible Assets | $238.58M | $181.41M | $350.40M | $386.36M | $174.75M | $198.26M |
| Other Non-current Assets | $29.72M | $41.70M | $40.72M | $32.66M | $26.43M | $3.09M |
| Total Assets | $1.45B | $1.43B | $1.71B | $1.71B | $1.14B | $656.02M |
| Accounts Payable | $143.99M | $172.37M | $119.50M | $170.43M | $91.39M | $82.75M |
| Deferred Revenue | $128.43M | $119.78M | $66.49M | $178.92M | $99.58M | $149.82M |
| Other Current Liabilities | $2.24M | $15.29M | $48.05M | $10.55M | $5.91M | - |
| Total Current Liabilities | $377.01M | $437.81M | $335.69M | $465.26M | $245.31M | $289.10M |
| Long-term Debt | $658.66M | $646.57M | $660.95M | $720.35M | $711.06M | $423.97M |
| Deferred Tax Liabilities | $22.13M | $21.40M | $66.86M | $72.61M | - | $13.11M |
| Other Non-current Liabilities | $25.84M | $18.68M | $20.43M | $14.81M | $5.56M | - |
| Total Liabilities | $1.19B | $1.14B | $1.10B | $1.28B | $974.72M | $736.92M |
| Common Stock | $152.00K | $151.00K | $151.00K | $150.00K | $135.00K | $127.00K |
| Retained Earnings | $-422.86M | $-370.62M | $-130.23M | $-267.47M | $-271.90M | $-221.50M |
| Total Stockholders Equity | $-206.34M | $-118.10M | $259.25M | $124.28M | $-69.20M | $-80.90M |
| Total Liabilities & Equity | $1.45B | $1.43B | $1.71B | $1.71B | $1.14B | $656.02M |
| 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) |
FY 2020 (Dec 31, 2020) |
|---|---|---|---|---|---|---|---|
| Net Income | $-52.23M | $-52.23M | $-240.39M | $137.24M | $4.43M | $-50.40M | $59.07M |
| Depreciation & Amortization | $31.55M | $26.20M | $36.09M | $38.93M | $101.06M | $25.95M | $27.47M |
| Stock-based Compensation | $25.07M | $15.57M | $10.35M | $14.54M | $14.98M | $13.76M | $4.81M |
| Deferred Income Tax | $3.97M | $3.19M | $-37.65M | $-8.86M | $-31.57M | $-10.10M | $-2.74M |
| Change in Receivables | - | $-31.01M | $-41.42M | $-92.80M | $76.98M | $116.85M | $23.04M |
| Change in Inventory | - | $-52.85M | $44.79M | $-66.74M | $-20.87M | $88.18M | $-28.34M |
| Operating Cash Flow | $119.51M | $101.78M | $153.98M | $231.96M | $141.49M | $-263.19M | $-122.20M |
| Capital Expenditure | $33.31M | $21.97M | $7.30M | $16.99M | $10.62M | $3.36M | $1.34M |
| Acquisitions | - | $164.92M | - | - | $373.82M | - | - |
| Purchases of Investments | - | - | - | - | - | $11.97M | - |
| Investing Cash Flow | $-199.22M | $-187.89M | $-9.57M | $-16.82M | $-384.44M | $-15.33M | $-1.34M |
| Stock Issued | - | - | - | - | $15.88M | $120.64M | - |
| Financing Cash Flow | $-52.55M | $-38.05M | $-11.84M | $-101.76M | $8.44M | $537.75M | $-129.27M |
| Net Change in Cash | $-118.18M | $-118.16M | $115.06M | $115.18M | $-233.77M | $259.23M | $-252.82M |
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-K filings.
Annual data represents full fiscal year results. FY = Fiscal Year ending.