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$1.03B
Revenue
$15.22M
Net Income
-
Gross Margin
4.40%
Op. Margin
$-31.11M
Free Cash Flow
Financial Statements Annual (10-K)
Showing 5 of 5 annual reports available (2021 - 2025)
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 $1.03B $1.03B $995.63M $955.58M $1.15B $1.35B
Revenue Growth % 0.0% 3.8% 4.2% -17.1% -14.8% nan%
Cost of Revenue - - $1.61B $802.45M $932.52M $1.07B
+ Gross Profit - - $-610.34M $153.12M $220.66M $280.63M
Gross Margin % nan% nan% -61.3% 16.0% 19.1% 20.7%
+ Operating Income $45.48M $45.48M $-68.83M $-64.50M $-4.54M $102.10M
Operating Margin % 4.4% 4.4% -6.9% -6.7% -0.4% 7.5%
Interest Expense $6.45M $3.16M $1.45M $28.00K $148.00K -
Income Before Tax $17.87M $17.87M $-75.89M $-58.22M $104.00K $100.78M
Income Tax Expense $3.56M $3.56M $1.12M $-15.05M $6.50M $2.13M
+ Net Income $15.22M $15.22M $-76.32M $-42.55M $-5.62M $98.84M
Net Margin % 1.5% 1.5% -7.7% -4.5% -0.5% 7.3%
Basic EPS nan 0.17 -0.91 -0.52 -0.08 1.27
Diluted EPS nan 0.17 -0.91 -0.52 -0.08 1.27
Basic Shares Outstanding - 84.6M 83.5M 82.2M - -
Diluted Shares Outstanding - 84.6M 83.5M 82.2M - -
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 $115.51M $135.66M $119.81M $163.86M $211.62M
Short-term Investments - $9.80M - - -
Accounts Receivable $19.91M $19.60M $21.81M $22.16M $32.49M
Other Current Assets $15.46M $19.05M $15.47M $13.68M $12.17M
Total Current Assets $161.30M $196.06M $181.28M $225.06M $280.81M
Property Plant & Equipment $30.15M $37.70M $39.72M $41.72M $39.38M
Goodwill $32.23M $32.23M $32.23M $32.23M $32.57M
Intangible Assets $71.66M $72.31M $4.96M - -
Long-term Investments $10.55M $9.53M - - -
Other Non-current Assets $6.28M $6.42M $7.21M $6.48M $4.84M
Total Assets $444.41M $493.89M $493.42M $550.40M $595.17M
Accounts Payable $3.78M $3.06M $6.14M $5.46M $5.87M
Deferred Revenue $15.97M $18.23M $11.23M $8.22M $6.69M
Other Current Liabilities $19.38M $20.46M $20.17M $13.61M $22.26M
Total Current Liabilities $98.67M $92.16M $97.25M $89.96M $132.47M
Long-term Debt - $32.67M - - $176.00K
Deferred Tax Liabilities - - - $14.47M $11.41M
Other Non-current Liabilities $134.00K $683.00K $133.00K $306.00K $188.00K
Total Liabilities $261.13M $331.46M $259.26M $279.94M $313.30M
Common Stock $883.00K $889.00K $879.00K $809.00K $812.00K
Retained Earnings $-108.65M $-123.87M $-47.55M $-5.00M $622.00K
Total Stockholders Equity $183.95M $162.19M $233.23M $268.92M $279.93M
Total Liabilities & Equity $444.41M $493.89M $493.42M $550.40M $595.17M
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 $15.22M $15.22M $-76.32M $-42.55M $-5.62M $98.84M
Depreciation & Amortization $10.28M $8.38M $7.74M $8.03M $8.01M $8.56M
Stock-based Compensation $14.77M $8.58M $6.57M $13.07M $11.14M -
Deferred Income Tax - - $977.00K $-15.44M - -
Change in Receivables - - - - $-3.38M $11.71M
Operating Cash Flow $-24.47M $-13.88M $-25.96M $-30.41M $-14.74M $127.83M
Capital Expenditure $6.64M $3.35M $5.53M $6.14M $8.54M $4.11M
Investing Cash Flow $106.79M $90.46M $-6.79M $-5.24M $-12.74M $-8.86M
Debt Repayment - - - - $12.53M $361.00K
Dividends Paid - - - $4.22M $16.25M -
Financing Cash Flow - $-96.09M $45.45M $-6.21M $-30.00M $3.20M
Net Change in Cash $-13.86M $-19.51M $12.70M $-41.87M $-57.48M $122.16M
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 $262.84M $266.32M $787.61M $752.31M
Operating Income $-10.65M $-7.43M $-21.54M $-52.57M
Interest Expense $1.57M $1.46M $1.76M -
Income Before Tax $-24.93M $-27.45M $-53.84M $-69.55M
Income Tax Expense $11.00K - $11.00K $1.37M
Net Income $-24.69M $-27.18M $-53.35M $-70.32M
Basic EPS -0.29 -0.33 -0.63 -0.84
Diluted EPS -0.29 -0.33 -0.63 -0.84
Condensed Consolidated Balance Sheets
Description Sep 30, 2025 Dec 31, 2024
Cash & Cash Equivalents $143.00M $135.66M
Short-term Investments - $9.80M
Accounts Receivable $17.75M $19.60M
Other Current Assets $18.90M $19.05M
Total Current Assets $192.93M $196.06M
Property Plant & Equipment $32.44M $37.70M
Goodwill $32.23M $32.23M
Other Non-current Assets $6.60M $6.42M
Total Assets $480.60M $493.89M
Accounts Payable $3.61M $3.06M
Deferred Revenue $15.87M $18.23M
Other Current Liabilities $25.58M $20.46M
Total Current Liabilities $100.60M $92.16M
Long-term Debt $34.68M $32.67M
Other Non-current Liabilities $1.06M $683.00K
Total Liabilities $365.79M $331.46M
Common Stock $890.00K $889.00K
Retained Earnings $-177.22M $-123.87M
Total Stockholders Equity $115.07M $162.19M
Total Liabilities & Equity $480.60M $493.89M
Condensed Consolidated Statements of Cash Flows
Description Sep 30, 2025 Sep 30, 2025
Current Prior Year Current YTD Prior Year YTD
Net Income $-24.69M $-27.18M $-53.35M $-70.32M
Depreciation & Amortization $2.18M $1.90M $6.30M $5.81M
Stock-based Compensation - - $6.32M $10.72M
Operating Cash Flow - - $505.00K $-16.99M
Capital Expenditure - - $3.04M $4.27M
Investing Cash Flow - - $8.27M $-2.01M
Financing Cash Flow - - $-85.00K $46.74M
Net Change in Cash - - $8.69M $27.75M

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.

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