$1.94B
Revenue
$-366.90M
Net Income
25.09%
Gross Margin
-11.44%
Op. Margin
$45.90M
Free Cash Flow
| Breakdown | TTM (Dec 31, 2025) |
FY 2025 (Dec 31, 2025) |
FY 2024 (Dec 31, 2024) |
FY 2022 (Dec 31, 2022) |
|---|---|---|---|---|
| Total Revenue | $1.94B | $1.94B | $2.19B | $2.43B |
| Revenue Growth % | 0.0% | -11.4% | -9.7% | nan% |
| Cost of Revenue | $1.45B | $1.45B | $1.50B | $1.44B |
| Gross Profit | $487.20M | $487.20M | $695.80M | $986.90M |
| Gross Margin % | 25.1% | 25.1% | 31.8% | 40.7% |
| Operating Expenses | $2.16B | $2.17B | $2.25B | $2.01B |
| Selling General & Admin | $190.50M | $190.50M | $204.60M | $243.10M |
| Operating Income | $-222.10M | $-225.80M | $-60.40M | $412.40M |
| Operating Margin % | -11.4% | -11.6% | -2.8% | 17.0% |
| Interest Expense | $138.80M | $138.80M | $156.60M | $59.50M |
| Other Income/Expense | $-3.80M | $-3.80M | $3.00M | $16.50M |
| Income Before Tax | $-364.70M | $-368.40M | $-214.80M | $351.80M |
| Income Tax Expense | $-12.90M | $-12.90M | $-7.00M | $9.10M |
| Net Income | $-366.90M | $-369.00M | $-215.10M | $91.50M |
| Net Margin % | -18.9% | -19.0% | -9.8% | 3.8% |
| Basic EPS | nan | -2.22 | -1.38 | 2.06 |
| Diluted EPS | nan | -2.22 | -1.38 | 2.06 |
| Basic Shares Outstanding | - | 168.3M | 159.9M | 44.3M |
| Diluted Shares Outstanding | - | 168.3M | 159.9M | 44.5M |
| Breakdown | FY 2025 (Dec 31, 2025) |
FY 2024 (Dec 31, 2024) |
FY 2022 (Dec 31, 2022) |
|---|---|---|---|
| Cash & Cash Equivalents | $22.90M | $14.80M | $35.10M |
| Accounts Receivable | $266.80M | $312.70M | $535.50M |
| Inventory | $151.30M | $201.10M | $249.50M |
| Other Current Assets | $22.60M | $29.40M | $43.20M |
| Total Current Assets | $483.50M | $574.10M | $865.40M |
| Property Plant & Equipment | $1.46B | $1.76B | $1.40B |
| Goodwill | $290.20M | $302.00M | $240.50M |
| Intangible Assets | $111.80M | $148.90M | $203.10M |
| Long-term Investments | - | $7.50M | $58.60M |
| Other Non-current Assets | $40.00M | $35.80M | $56.30M |
| Total Assets | $2.57B | $2.99B | $2.93B |
| Accounts Payable | $257.10M | $324.30M | $339.40M |
| Accrued Liabilities | $74.00M | $67.20M | $115.40M |
| Deferred Revenue | $800.00K | $7.40M | - |
| Other Current Liabilities | $28.80M | $56.60M | $25.70M |
| Total Current Liabilities | $597.40M | $660.00M | $668.10M |
| Long-term Debt | $832.70M | $931.10M | $735.00M |
| Deferred Tax Liabilities | $11.80M | $14.90M | - |
| Other Non-current Liabilities | $10.10M | $9.20M | $36.00M |
| Total Liabilities | $1.69B | $1.85B | $1.58B |
| Retained Earnings | $-610.20M | $-235.90M | $-1.19B |
| Total Stockholders Equity | $717.50M | $1.01B | $-1.18B |
| Total Liabilities & Equity | $2.57B | $2.99B | $2.93B |
| Breakdown | TTM (Dec 31, 2025) |
FY 2025 (Dec 31, 2025) |
FY 2024 (Dec 31, 2024) |
FY 2022 (Dec 31, 2022) |
|---|---|---|---|---|
| Net Income | $-384.40M | $-369.00M | $-215.10M | $91.50M |
| Depreciation & Amortization | $733.00M | $416.30M | $442.20M | $267.30M |
| Stock-based Compensation | $12.30M | $9.30M | $7.30M | $67.40M |
| Deferred Income Tax | - | $-14.10M | $-10.70M | $3.70M |
| Change in Receivables | $105.60M | $-26.90M | $-55.50M | $203.30M |
| Change in Inventory | $-49.70M | $-38.80M | $-64.70M | $105.10M |
| Change in Payables | $74.00M | $-22.40M | $-7.60M | $42.90M |
| Operating Cash Flow | $367.30M | $189.50M | $367.30M | $415.20M |
| Capital Expenditure | $321.40M | $169.90M | $255.00M | $356.20M |
| Acquisitions | - | - | $194.40M | $640.70M |
| Investing Cash Flow | $-313.30M | $-163.70M | $-372.30M | $-1.03B |
| Debt Repayment | $250.50M | $136.10M | $157.20M | $531.70M |
| Stock Issued | - | $83.00M | - | $329.10M |
| Financing Cash Flow | $-33.50M | $-17.70M | $-5.50M | $645.90M |
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 | $403.10M | - | $1.51B | - |
| Cost of Revenue | $324.10M | - | $1.12B | - |
| Operating Expenses | $481.90M | - | $1.63B | - |
| Selling General & Admin | $43.00M | - | $148.00M | - |
| Operating Income | $-78.80M | - | $-120.80M | - |
| Interest Expense | $34.50M | - | $105.50M | - |
| Other Income/Expense | $700.00K | - | $-4.20M | - |
| Income Before Tax | $-112.60M | - | $-230.50M | - |
| Income Tax Expense | $-20.20M | - | $-15.50M | - |
| Net Income | $-100.90M | - | $-226.40M | - |
| Basic EPS | -0.60 | - | -1.41 | - |
| Diluted EPS | -0.60 | - | -1.41 | - |
| Basic Shares Outstanding | $170.80M | - | $163.80M | - |
| Diluted Shares Outstanding | $170.80M | - | $163.80M | - |
Condensed Consolidated Balance Sheets
| Description | Sep 30, 2025 | Dec 31, 2024 |
|---|---|---|
| Cash & Cash Equivalents | $58.00M | $14.80M |
| Accounts Receivable | $269.10M | $312.70M |
| Inventory | $166.70M | $201.10M |
| Other Current Assets | $28.40M | $29.40M |
| Total Current Assets | $541.30M | $574.10M |
| Property Plant & Equipment | $1.57B | $1.76B |
| Goodwill | $301.30M | $302.00M |
| Intangible Assets | $120.80M | $148.90M |
| Other Non-current Assets | $48.90M | $43.30M |
| Total Assets | $2.74B | $2.99B |
| Accounts Payable | $276.60M | $324.30M |
| Accrued Liabilities | $80.90M | $67.20M |
| Other Current Liabilities | $29.70M | $56.60M |
| Total Current Liabilities | $595.60M | $660.00M |
| Long-term Debt | $907.00M | $936.10M |
| Deferred Tax Liabilities | $11.20M | $14.90M |
| Other Non-current Liabilities | $9.90M | $9.20M |
| Total Liabilities | $1.72B | $1.85B |
| Retained Earnings | $-466.20M | $-235.90M |
| Total Stockholders Equity | $862.00M | $1.01B |
| Total Liabilities & Equity | $2.74B | $2.99B |
Condensed Consolidated Statements of Cash Flows
| Description | Sep 30, 2025 | Sep 30, 2025 | ||
|---|---|---|---|---|
| Current | Prior Year | Current YTD | Prior Year YTD | |
| Net Income | $-100.90M | - | $-226.40M | - |
| Depreciation & Amortization | - | - | $313.70M | - |
| Stock-based Compensation | - | - | $6.60M | - |
| Deferred Income Tax | - | - | $-16.50M | - |
| Change in Receivables | - | - | $-26.40M | - |
| Change in Inventory | - | - | $-24.10M | - |
| Change in Payables | - | - | $-23.30M | - |
| Operating Cash Flow | - | - | $140.00M | - |
| Capital Expenditure | - | - | $133.30M | - |
| Investing Cash Flow | - | - | $-128.00M | - |
| Debt Repayment | - | - | $103.70M | - |
| Stock Issued | - | - | $82.40M | - |
| Financing Cash Flow | - | - | $31.20M | - |
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.