$1.30B
Revenue
$-31.51M
Net Income
60.63%
Gross Margin
0.41%
Op. Margin
$288.91M
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 | $1.30B | $1.30B | $1.01B | $728.72M | $590.96M | $458.34M |
| Revenue Growth % | 0.0% | 29.7% | 38.0% | 23.3% | 28.9% | nan% |
| Cost of Revenue | $513.59M | $513.59M | $399.55M | $274.48M | $215.47M | $174.72M |
| Gross Profit | $791.08M | $791.08M | $606.20M | $454.24M | $375.50M | $283.62M |
| Gross Margin % | 60.6% | 60.6% | 60.3% | 62.3% | 63.5% | 61.9% |
| Research & Development | $117.17M | $117.17M | $90.68M | $73.87M | $69.45M | $64.47M |
| Operating Income | $5.37M | $5.37M | $-67.92M | $-167.69M | $-259.03M | $-248.41M |
| Operating Margin % | 0.4% | 0.4% | -6.8% | -23.0% | -43.8% | -54.2% |
| Interest Expense | $371.00K | $371.00K | $7.15M | $10.94M | $7.30M | $7.03M |
| Other Income/Expense | $-38.46M | $-38.46M | $-7.03M | $-18.76M | $-21.70M | $-1.75M |
| Income Before Tax | $-33.09M | $-33.09M | $-74.95M | $-186.44M | $-280.73M | $-250.16M |
| Income Tax Expense | $-1.58M | $-1.58M | $-5.18M | $1.04M | $-1.49M | $-598.00K |
| Net Income | $-31.51M | $-31.51M | $-69.77M | $-187.48M | $-279.24M | $-249.56M |
| Net Margin % | -2.4% | -2.4% | -6.9% | -25.7% | -47.3% | -54.4% |
| Basic EPS | -0.15 | -0.14 | -0.38 | -1.20 | -2.01 | -2.95 |
| Diluted EPS | -0.15 | -0.14 | -0.38 | -1.20 | -2.01 | -2.95 |
| Basic Shares Outstanding | - | 220.7M | 186.0M | 156.7M | 139.0M | 86.9M |
| Diluted Shares Outstanding | - | 220.7M | 186.0M | 156.7M | 139.0M | 86.9M |
| 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 | $319.76M | $366.16M | $131.73M | $121.11M | $103.86M |
| Accounts Receivable | $322.39M | $235.23M | $170.13M | $106.32M | $83.58M |
| Other Current Assets | $14.66M | $1.81M | $1.62M | $1.87M | $1.65M |
| Total Current Assets | $685.78M | $616.54M | $309.75M | $236.45M | $196.06M |
| Property Plant & Equipment | $15.39M | $8.86M | $7.45M | $5.98M | $5.63M |
| Goodwill | $527.89M | $325.99M | $140.91M | $133.07M | $114.51M |
| Intangible Assets | $217.94M | $115.18M | $48.78M | $44.36M | $40.96M |
| Other Non-current Assets | $4.69M | $6.43M | $4.37M | $1.80M | $1.11M |
| Total Assets | $1.50B | $1.11B | $550.71M | $466.50M | $397.26M |
| Accounts Payable | $40.14M | $43.66M | $63.57M | $33.67M | $21.71M |
| Accrued Liabilities | $179.09M | $121.40M | $85.45M | $72.36M | $63.98M |
| Deferred Revenue | $35.40M | $10.35M | $3.30M | $2.23M | $6.87M |
| Other Current Liabilities | $25.82M | $11.20M | $6.82M | $5.71M | $5.16M |
| Total Current Liabilities | $429.48M | $199.34M | $176.38M | $128.71M | $105.76M |
| Long-term Debt | $197.08M | $196.29M | $184.15M | $183.95M | $183.61M |
| Deferred Tax Liabilities | $17.27M | - | - | - | - |
| Other Non-current Liabilities | $15.66M | $9.81M | $6.60M | $7.88M | $2.49M |
| Total Liabilities | $698.93M | $434.57M | $370.19M | $338.47M | $306.78M |
| Retained Earnings | $-1.06B | $-1.03B | $-958.54M | $-771.06M | $-491.82M |
| Total Stockholders Equity | $804.59M | $676.80M | $180.52M | $128.03M | $90.49M |
| Total Liabilities & Equity | $1.50B | $1.11B | $550.71M | $466.50M | $397.26M |
| 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 | $-53.11M | $-31.51M | $-69.77M | $-187.48M | $-279.24M | $-249.56M |
| Depreciation & Amortization | $72.04M | $72.04M | $56.10M | $51.15M | $51.88M | $45.92M |
| Stock-based Compensation | $308.27M | $177.82M | $194.98M | $242.88M | $298.99M | $259.16M |
| Deferred Income Tax | - | $-4.60M | $-7.50M | - | - | - |
| Change in Receivables | $84.90M | $77.23M | $41.84M | $64.05M | $19.83M | $1.16M |
| Change in Payables | $-16.84M | $-8.49M | $-28.58M | $26.26M | $13.53M | $-22.24M |
| Operating Cash Flow | $310.55M | $198.90M | $133.86M | $90.52M | $78.49M | $44.29M |
| Capital Expenditure | $21.64M | $13.81M | $25.73M | $20.48M | $22.23M | $9.48M |
| Acquisitions | $92.04M | $90.31M | $55.82M | $18.25M | $9.21M | $20.09M |
| Investing Cash Flow | $-147.87M | $-124.21M | $-97.59M | $-54.22M | $-48.45M | $-46.85M |
| Debt Repayment | - | $10.00M | - | - | - | - |
| Financing Cash Flow | $-211.64M | $-120.82M | $197.92M | $-25.65M | $-12.62M | $55.73M |
| Net Change in Cash | $-48.99M | $-46.39M | $234.43M | $10.62M | $17.25M | $53.13M |
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-K filings.
Annual data represents full fiscal year results. FY = Fiscal Year ending.