$422.96M
Revenue
$-9.25M
Net Income
69.43%
Gross Margin
1.64%
Op. Margin
$73.20M
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) |
|---|---|---|---|---|---|---|
| Total Revenue | $422.96M | $422.96M | $422.67M | $458.30M | $704.27M | $598.37M |
| Revenue Growth % | 0.0% | 0.1% | -7.8% | -34.9% | 17.7% | nan% |
| Cost of Revenue | $129.31M | $129.31M | $130.38M | $139.67M | $184.72M | $124.54M |
| Gross Profit | $293.65M | $293.65M | $292.29M | $318.63M | $519.55M | $473.82M |
| Gross Margin % | 69.4% | 69.4% | 69.2% | 69.5% | 73.8% | 79.2% |
| Operating Expenses | $286.69M | $286.69M | $225.35M | $210.41M | $155.16M | $139.67M |
| Selling General & Admin | $243.11M | $243.11M | $181.69M | $168.94M | $113.88M | $98.88M |
| Operating Income | $6.95M | $6.95M | $66.94M | $108.22M | $364.39M | $334.15M |
| Operating Margin % | 1.6% | 1.6% | 15.8% | 23.6% | 51.7% | 55.8% |
| Interest Expense | $67.88M | $41.30M | $59.60M | $57.95M | $41.18M | $61.15M |
| Other Income/Expense | $1.27M | $1.27M | $-1.90M | $220.00K | $-17.98M | $2.60M |
| Income Before Tax | $-6.18M | $-6.18M | $26.91M | $76.72M | $305.24M | $275.61M |
| Income Tax Expense | $3.08M | $3.08M | $7.39M | $15.13M | $61.17M | $54.83M |
| Net Income | $-9.25M | $-9.25M | $19.52M | $61.59M | $244.07M | $220.78M |
| Net Margin % | -2.2% | -2.2% | 4.6% | 13.4% | 34.7% | 36.9% |
| Basic EPS | nan | -0.01 | 0.03 | 0.09 | 0.38 | 0.34 |
| Diluted EPS | nan | -0.01 | 0.03 | 0.09 | 0.35 | 0.32 |
| Basic Shares Outstanding | - | 666.5M | 662.0M | 654.6M | 649.1M | 648.2M |
| Diluted Shares Outstanding | - | 666.5M | 665.4M | 677.6M | 691.0M | 689.9M |
| 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 | $318.73M | $585.97M | $466.40M | $322.81M | $186.39M |
| Accounts Receivable | $29.01M | $14.93M | $40.92M | $46.22M | $40.78M |
| Inventory | $60.22M | $75.17M | $95.92M | $144.43M | $98.40M |
| Other Current Assets | $62.39M | $13.65M | $9.95M | $8.77M | $9.62M |
| Total Current Assets | $470.35M | $689.71M | $613.20M | $522.22M | $335.19M |
| Property Plant & Equipment | $1.42M | $1.44M | $930.00K | $1.03M | $747.00K |
| Goodwill | $168.30M | $168.30M | $168.30M | $168.30M | $168.30M |
| Intangible Assets | $847.82M | $899.55M | $947.71M | $995.03M | $1.04B |
| Other Non-current Assets | $9.55M | $8.72M | $10.20M | $11.09M | $4.50M |
| Total Assets | $1.50B | $1.77B | $1.74B | $1.70B | $1.56B |
| Accounts Payable | $8.12M | $10.42M | $7.07M | $9.75M | $19.17M |
| Accrued Liabilities | $85.30M | $35.64M | $20.58M | $17.11M | $29.48M |
| Deferred Revenue | $925.00K | $877.00K | - | - | - |
| Total Current Liabilities | $102.63M | $64.65M | $56.14M | $55.09M | $72.91M |
| Long-term Debt | $352.29M | $650.46M | $649.02M | $654.33M | $738.09M |
| Deferred Tax Liabilities | $5.28M | $5.16M | $3.02M | $1.62M | - |
| Other Non-current Liabilities | $2.04M | $2.32M | $1.69M | - | - |
| Total Liabilities | $618.10M | $893.32M | $895.37M | $916.72M | $1.04B |
| Common Stock | $669.00K | $664.00K | $671.00K | $649.00K | $648.00K |
| Retained Earnings | $536.71M | $545.97M | $526.44M | $464.86M | $220.78M |
| Total Stockholders Equity | $879.39M | $874.40M | $844.97M | $780.96M | $524.30M |
| Total Liabilities & Equity | $1.50B | $1.77B | $1.74B | $1.70B | $1.56B |
| 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 | $-9.25M | $-9.25M | $19.52M | $61.59M | $244.07M | $220.78M |
| Stock-based Compensation | $22.58M | $13.29M | $11.12M | $9.07M | $7.28M | $3.96M |
| Deferred Income Tax | $-262.00K | $1.28M | $2.79M | $1.77M | $9.18M | $2.49M |
| Change in Receivables | $41.08M | $14.50M | $-24.14M | $-5.30M | $5.44M | $26.40M |
| Change in Inventory | $2.69M | $-8.50M | $-14.01M | $-34.60M | $52.64M | $63.72M |
| Change in Payables | $26.37M | $-2.12M | $3.15M | $-2.67M | $-9.42M | $2.35M |
| Operating Cash Flow | $73.73M | $58.66M | $143.07M | $177.53M | $255.32M | $200.03M |
| Capital Expenditure | $530.00K | $331.00K | $1.12M | $375.00K | $650.00K | $875.00K |
| Acquisitions | - | - | - | - | - | - |
| Purchases of Investments | - | - | - | - | - | $4.50M |
| Investing Cash Flow | $-14.93M | $-12.61M | $-4.89M | $-3.61M | $-2.68M | $-6.26M |
| Stock Issued | - | - | - | - | - | $633.00K |
| Dividends Paid | - | - | - | - | - | - |
| Financing Cash Flow | $-627.74M | $-313.29M | $-18.61M | $-30.33M | $-116.22M | $-18.34M |
| Net Change in Cash | $-568.94M | $-267.24M | $119.57M | $143.59M | $136.42M | $175.42M |
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 | $114.58M | - | $317.84M | - |
| Cost of Revenue | $35.38M | - | $95.65M | - |
| Gross Profit | $79.20M | - | $222.19M | - |
| Operating Expenses | $75.02M | - | $210.73M | - |
| Selling General & Admin | $64.11M | - | $178.01M | - |
| Operating Income | $4.18M | - | $11.46M | - |
| Interest Expense | $7.69M | - | $27.23M | - |
| Other Income/Expense | $66.00K | - | $1.23M | - |
| Income Before Tax | $8.70M | - | $516.00K | - |
| Income Tax Expense | $-2.43M | - | $-3.33M | - |
| Net Income | $11.13M | $5.78M | $3.85M | - |
| Basic EPS | 0.02 | - | 0.01 | - |
| Diluted EPS | 0.02 | - | 0.01 | - |
| Basic Shares Outstanding | $667.07M | - | $665.91M | - |
| Diluted Shares Outstanding | $668.86M | - | $667.55M | - |
Condensed Consolidated Balance Sheets
| Description | Sep 30, 2025 | Dec 31, 2024 |
|---|---|---|
| Cash & Cash Equivalents | $286.38M | $585.97M |
| Accounts Receivable | $49.73M | $14.93M |
| Inventory | $73.26M | $75.17M |
| Other Current Assets | $63.85M | $13.65M |
| Total Current Assets | $473.22M | $689.71M |
| Property Plant & Equipment | $1.39M | $1.44M |
| Goodwill | $168.30M | $168.30M |
| Intangible Assets | $860.78M | $899.55M |
| Other Non-current Assets | $9.70M | $8.72M |
| Total Assets | $1.51B | $1.77B |
| Accounts Payable | $23.50M | $10.42M |
| Accrued Liabilities | $80.05M | $35.64M |
| Total Current Liabilities | $113.68M | $64.65M |
| Long-term Debt | $352.10M | $643.71M |
| Deferred Tax Liabilities | - | $5.16M |
| Other Non-current Liabilities | $2.10M | $2.32M |
| Total Liabilities | $625.47M | $893.32M |
| Common Stock | $667.00K | $664.00K |
| Retained Earnings | $549.82M | $545.97M |
| Total Stockholders Equity | $888.75M | $874.40M |
| Total Liabilities & Equity | $1.51B | $1.77B |
Condensed Consolidated Statements of Cash Flows
| Description | Sep 30, 2025 | Sep 30, 2025 | ||
|---|---|---|---|---|
| Current | Prior Year | Current YTD | Prior Year YTD | |
| Net Income | $11.13M | $5.78M | $3.85M | - |
| Stock-based Compensation | - | - | $9.69M | - |
| Deferred Income Tax | - | - | $-4.74M | - |
| Change in Receivables | - | - | $34.69M | - |
| Change in Inventory | - | - | $2.03M | - |
| Change in Payables | - | - | $13.25M | - |
| Operating Cash Flow | - | - | $25.99M | - |
| Capital Expenditure | - | - | $222.00K | - |
| Investing Cash Flow | - | - | $-12.29M | - |
| Financing Cash Flow | - | - | $-313.29M | - |
| Net Change in Cash | - | - | $-299.59M | - |
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.