$1.30B
Revenue
$-31.51M
Net Income
60.63%
Gross Margin
0.41%
Op. Margin
$288.91M
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 | $394.64M | $337.17M | $308.44M | $264.42M | $314.67M | $268.30M | $227.84M | $194.95M | $210.32M | $188.98M | $171.82M | $157.60M | $175.14M | $152.25M |
| Revenue Growth % (YoY) | 25.4% | 25.7% | 35.4% | 35.6% | 49.6% | 42.0% | 32.6% | 23.7% | 20.1% | 24.1% | nan% | nan% | nan% | nan% |
| Cost of Revenue | $159.89M | $133.22M | $116.99M | $103.49M | $125.94M | $105.65M | $91.08M | $76.87M | $84.61M | $73.48M | $62.04M | $54.35M | $65.98M | $57.53M |
| Gross Profit | $234.75M | $203.94M | $191.45M | $160.93M | $188.73M | $162.64M | $136.76M | $118.07M | $125.70M | $115.50M | $109.78M | $103.25M | $109.16M | $94.72M |
| Gross Margin % | 59.5% | 60.5% | 62.1% | 60.9% | 60.0% | 60.6% | 60.0% | 60.6% | 59.8% | 61.1% | 63.9% | 65.5% | 62.3% | 62.2% |
| Research & Development | $29.97M | $29.81M | $30.59M | $26.80M | $24.27M | $22.81M | $23.61M | $19.99M | $19.95M | $18.06M | $17.34M | $18.52M | $17.23M | $16.95M |
| Operating Income | $17.84M | $8.75M | $-5.11M | $-16.11M | $6.92M | $-12.38M | $-26.58M | $-35.87M | $-31.86M | $-37.17M | $-46.22M | $-52.45M | $-47.71M | $-66.17M |
| Operating Margin % | 4.5% | 2.6% | -1.7% | -6.1% | 2.2% | -4.6% | -11.7% | -18.4% | -15.1% | -19.7% | -26.9% | -33.3% | -27.2% | -43.5% |
| Interest Expense | $54.00K | $-180.00K | $166.00K | $331.00K | $17.00K | $1.95M | $2.56M | $2.62M | $2.80M | $2.89M | $2.80M | $2.45M | $2.30M | $2.04M |
| Other Income/Expense | $-16.55M | $-11.55M | $-6.52M | $-3.84M | $2.06M | $-4.80M | $-996.00K | $-3.30M | $-3.48M | $-5.33M | $-5.63M | $-4.31M | $-4.17M | $-2.38M |
| Income Before Tax | $1.28M | $-2.79M | $-11.62M | $-19.96M | $8.98M | $-17.18M | $-27.58M | $-39.17M | $-35.34M | $-42.50M | $-51.85M | $-56.76M | $-51.88M | $-68.54M |
| Income Tax Expense | $-5.25M | $840.00K | $1.19M | $1.64M | $-6.26M | $200.00K | $486.00K | $396.00K | $-60.00K | $590.00K | $309.00K | $198.00K | $-131.00K | $896.00K |
| Net Income | $6.54M | $-3.63M | $-12.81M | $-21.60M | $15.24M | $-17.38M | $-28.07M | $-39.57M | $-35.28M | $-43.09M | $-52.16M | $-56.95M | $-51.75M | $-69.44M |
| Net Margin % | 1.7% | -1.1% | -4.2% | -8.2% | 4.8% | -6.5% | -12.3% | -20.3% | -16.8% | -22.8% | -30.4% | -36.1% | -29.5% | -45.6% |
| Basic EPS | 0.03 | -0.02 | -0.06 | -0.10 | 0.09 | -0.09 | -0.16 | -0.23 | -0.21 | -0.27 | -0.34 | -0.38 | -0.35 | -0.49 |
| Diluted EPS | 0.03 | -0.02 | -0.06 | -0.10 | 0.09 | -0.09 | -0.16 | -0.23 | -0.21 | -0.27 | -0.34 | -0.38 | -0.35 | -0.49 |
| Basic Shares Outstanding | - | 222.4M | 217.3M | 212.6M | 6.9M | 187.9M | 177.9M | 171.2M | 2.4M | 158.1M | 154.6M | 150.0M | 2.2M | 140.6M |
| Diluted Shares Outstanding | - | 222.4M | 217.3M | 212.6M | 6.9M | 187.9M | 177.9M | 171.2M | 2.4M | 158.1M | 154.6M | 150.0M | 2.2M | 140.6M |
| 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 | $319.76M | $385.18M | $365.31M | $364.40M | $366.16M | $418.54M | $154.70M | $141.65M | $131.73M | $120.80M | $117.07M | $107.79M | $121.11M | $114.81M |
| Accounts Receivable | $322.39M | $272.26M | $251.01M | $223.76M | $235.23M | $203.71M | $182.80M | $160.59M | $170.13M | $140.41M | $122.02M | $109.41M | $106.32M | $91.41M |
| Other Current Assets | $14.66M | $3.12M | $2.53M | $2.54M | $1.81M | $1.70M | $1.46M | $1.28M | $1.62M | $1.83M | $2.06M | $2.23M | $1.87M | $1.89M |
| Total Current Assets | $685.78M | $689.06M | $630.20M | $601.78M | $616.54M | $633.64M | $347.57M | $310.92M | $309.75M | $269.53M | $246.54M | $226.04M | $236.45M | $215.72M |
| Property Plant & Equipment | $15.39M | $12.46M | $10.80M | $8.95M | $8.86M | $7.38M | $7.53M | $8.12M | $7.45M | $7.46M | $6.67M | $5.99M | $5.98M | $6.24M |
| Goodwill | $527.89M | $317.38M | $317.67M | $326.00M | $325.99M | $140.92M | $140.90M | $140.90M | $140.91M | $140.89M | $140.90M | $141.02M | $133.07M | $133.01M |
| Intangible Assets | $217.94M | $85.55M | $95.18M | $105.04M | $115.18M | $43.03M | $44.84M | $46.50M | $48.78M | $50.10M | $52.03M | $50.83M | $44.36M | $45.60M |
| Other Non-current Assets | $4.69M | $4.67M | $5.27M | $6.41M | $6.43M | $5.90M | $5.53M | $4.78M | $4.37M | $3.40M | $3.35M | $2.92M | $1.80M | $2.06M |
| Total Assets | $1.50B | $1.15B | $1.10B | $1.09B | $1.11B | $869.08M | $583.86M | $550.29M | $550.71M | $511.35M | $491.21M | $469.85M | $466.50M | $440.74M |
| Accounts Payable | $40.14M | $29.07M | $48.03M | $32.53M | $43.66M | $58.49M | $46.53M | $53.36M | $63.57M | $59.17M | $55.92M | $38.48M | $33.67M | $28.40M |
| Accrued Liabilities | $179.09M | $156.57M | $115.95M | $115.32M | $121.40M | $107.66M | $108.17M | $83.53M | $85.45M | $73.14M | $64.46M | $65.57M | $72.36M | $63.52M |
| Deferred Revenue | $35.40M | $4.03M | $3.86M | $6.02M | $10.35M | $3.59M | $3.68M | $4.46M | $3.30M | $2.33M | $3.38M | $3.71M | $2.23M | $6.10M |
| Other Current Liabilities | $25.82M | $14.20M | $12.16M | $13.10M | $11.20M | $8.20M | $6.15M | $7.56M | $6.82M | $6.09M | $4.36M | $6.37M | $5.71M | $8.26M |
| Total Current Liabilities | $429.48M | $228.81M | $193.83M | $180.78M | $199.34M | $190.91M | $175.95M | $164.43M | $176.38M | $162.54M | $147.29M | $130.04M | $128.71M | $123.50M |
| Long-term Debt | $197.08M | $196.88M | $196.69M | $196.49M | $196.29M | $196.09M | $184.35M | $184.25M | $184.15M | $184.04M | $183.94M | $183.84M | $183.95M | $183.87M |
| Deferred Tax Liabilities | $17.27M | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Non-current Liabilities | $15.66M | $10.15M | $10.99M | $10.05M | $9.81M | $7.21M | $6.52M | $6.91M | $6.60M | $6.50M | $7.04M | $7.46M | $7.88M | $2.23M |
| Total Liabilities | $698.93M | $461.56M | $426.84M | $410.97M | $434.57M | $394.21M | $366.82M | $358.69M | $370.19M | $361.57M | $353.86M | $339.93M | $338.47M | $331.62M |
| Retained Earnings | $-1.06B | $-1.07B | $-1.06B | $-1.05B | $-1.03B | $-1.04B | $-1.03B | $-998.10M | $-958.54M | $-923.26M | $-880.17M | $-828.01M | $-771.06M | $-719.30M |
| Total Stockholders Equity | $804.59M | $689.21M | $673.26M | $676.60M | $676.80M | $474.87M | $217.05M | $191.60M | $180.52M | $149.78M | $137.35M | $129.93M | $128.03M | $109.11M |
| Total Liabilities & Equity | $1.50B | $1.15B | $1.10B | $1.09B | $1.11B | $869.08M | $583.86M | $550.29M | $550.71M | $511.35M | $491.21M | $469.85M | $466.50M | $440.74M |
| 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 | $6.54M | $-3.63M | $-34.41M | $-21.60M | $15.24M | $-85.01M | $-28.07M | $-39.57M | $-35.28M | $-43.09M | $-52.16M | $-56.95M | $-51.75M | $-69.44M |
| Depreciation & Amortization | $19.76M | $17.19M | $17.40M | $17.69M | $16.80M | $39.30M | $26.70M | $13.74M | $13.49M | $13.23M | $12.60M | $11.82M | $12.43M | $13.37M |
| Stock-based Compensation | $43.73M | $134.09M | $88.46M | $41.99M | $43.01M | $151.97M | $104.80M | $52.64M | $63.13M | $179.75M | $122.07M | $64.46M | $67.70M | $231.29M |
| Change in Receivables | $36.92M | $40.31M | $19.07M | $-11.40M | $7.32M | $34.51M | $13.07M | $-9.62M | $30.75M | $33.31M | $15.18M | $2.02M | $15.23M | $4.59M |
| Change in Payables | $6.43M | $-14.93M | $2.70M | $-11.05M | $-24.58M | $-4.00M | $-15.41M | $-10.73M | $3.65M | $22.61M | $20.09M | $5.20M | $6.28M | $7.25M |
| Operating Cash Flow | $64.14M | $134.77M | $76.85M | $34.80M | $43.68M | $90.18M | $55.78M | $24.67M | $26.96M | $63.56M | $40.73M | $20.10M | $23.10M | $55.39M |
| Capital Expenditure | $3.26M | $10.56M | $5.08M | $2.74M | $8.27M | $17.46M | $12.56M | $5.81M | $5.60M | $14.89M | $8.95M | $5.16M | $5.07M | $17.16M |
| Acquisitions | $89.10M | $1.20M | $1.20M | $530.00K | $55.82M | - | - | - | $-1.00K | $18.25M | $18.25M | $15.85M | - | $9.21M |
| Investing Cash Flow | $-97.34M | $-26.87M | $-16.24M | $-7.42M | $-68.02M | $-29.57M | $-20.78M | $-9.45M | $-8.74M | $-45.48M | $-36.10M | $-25.92M | $-9.25M | $-39.19M |
| Financing Cash Flow | $-32.16M | $-88.65M | $-61.40M | $-29.43M | $-28.23M | $226.15M | $-11.95M | $-5.18M | $-7.25M | $-18.41M | $-8.78M | $-7.47M | $-7.51M | $-5.12M |
| Net Change in Cash | $-65.42M | $19.03M | $-843.00K | $-1.76M | $-52.38M | $286.81M | $22.97M | $9.92M | $10.94M | $-314.00K | $-4.04M | $-13.32M | $6.30M | $10.95M |
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 | $337.17M | - | $910.03M | - |
| Cost of Revenue | $133.22M | - | $353.70M | - |
| Research & Development | $29.81M | - | $87.20M | - |
| Operating Income | $8.75M | - | $-12.47M | - |
| Interest Expense | $-180.00K | - | $317.00K | - |
| Other Income/Expense | $-11.55M | - | $-21.91M | - |
| Income Before Tax | $-2.79M | - | $-34.37M | - |
| Income Tax Expense | $840.00K | - | $3.68M | - |
| Net Income | $-3.63M | $-28.07M | $-38.05M | - |
| Basic EPS | -0.02 | - | -0.17 | - |
| Diluted EPS | -0.02 | - | -0.17 | - |
| Basic Shares Outstanding | $222.44M | - | $217.45M | - |
| Diluted Shares Outstanding | $222.44M | - | $217.45M | - |
Condensed Consolidated Balance Sheets
| Description | Sep 30, 2025 | Dec 31, 2024 |
|---|---|---|
| Cash & Cash Equivalents | $385.18M | $366.16M |
| Accounts Receivable | $272.26M | $235.23M |
| Other Current Assets | $3.12M | $1.81M |
| Total Current Assets | $689.06M | $616.54M |
| Property Plant & Equipment | $12.46M | $8.86M |
| Goodwill | $317.38M | $325.99M |
| Intangible Assets | $85.55M | $115.18M |
| Other Non-current Assets | $4.67M | $6.43M |
| Total Assets | $1.15B | $1.11B |
| Accounts Payable | $29.07M | $43.66M |
| Accrued Liabilities | $156.57M | $121.40M |
| Deferred Revenue | $4.03M | $10.35M |
| Other Current Liabilities | $14.20M | $11.20M |
| Total Current Liabilities | $228.81M | $199.34M |
| Long-term Debt | $196.88M | $196.29M |
| Other Non-current Liabilities | $10.15M | $9.81M |
| Total Liabilities | $461.56M | $434.57M |
| Retained Earnings | $-1.07B | $-1.03B |
| Total Stockholders Equity | $689.21M | $676.80M |
| Total Liabilities & Equity | $1.15B | $1.11B |
Condensed Consolidated Statements of Cash Flows
| Description | Sep 30, 2025 | Sep 30, 2025 | ||
|---|---|---|---|---|
| Current | Prior Year | Current YTD | Prior Year YTD | |
| Net Income | $-3.63M | $-28.07M | $-38.05M | - |
| Depreciation & Amortization | $17.19M | - | $52.28M | - |
| Stock-based Compensation | - | - | $134.09M | - |
| Change in Receivables | - | - | $40.31M | - |
| Change in Payables | - | - | $-14.93M | - |
| Operating Cash Flow | - | - | $134.77M | - |
| Capital Expenditure | - | - | $10.56M | - |
| Acquisitions | - | - | $1.20M | - |
| Investing Cash Flow | - | - | $-26.87M | - |
| Financing Cash Flow | - | - | $-88.65M | - |
| Net Change in Cash | - | - | $19.03M | - |
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.