$1.94B
Revenue
$-366.90M
Net Income
25.09%
Gross Margin
-11.44%
Op. Margin
$45.90M
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) |
|---|---|---|---|---|---|---|---|
| Total Revenue | $436.50M | $403.10M | $501.90M | $600.30M | $454.70M | $575.30M | $579.40M |
| Revenue Growth % (YoY) | -4.0% | -29.9% | -13.4% | nan% | nan% | nan% | nan% |
| Cost of Revenue | $336.40M | $324.10M | $374.70M | $419.40M | $337.60M | $390.70M | $393.10M |
| Gross Profit | $100.10M | $79.00M | $127.20M | $180.90M | $117.10M | $184.60M | $186.30M |
| Gross Margin % | 22.9% | 19.6% | 25.3% | 30.1% | 25.8% | 32.1% | 32.2% |
| Operating Expenses | $541.50M | $481.90M | $556.20M | $584.30M | $501.50M | $579.60M | $628.60M |
| Selling General & Admin | $42.50M | $43.00M | $51.40M | $53.60M | $48.00M | $51.90M | $54.10M |
| Operating Income | $-105.00M | $-78.80M | $-54.30M | $16.00M | $-46.80M | $-4.30M | $-49.20M |
| Operating Margin % | -24.1% | -19.5% | -10.8% | 2.7% | -10.3% | -0.7% | -8.5% |
| Interest Expense | $33.30M | $34.50M | $35.10M | $35.90M | $38.80M | $40.60M | $39.60M |
| Other Income/Expense | $400.00K | $700.00K | $-9.70M | $4.80M | $1.80M | $-100.00K | $-500.00K |
| Income Before Tax | $-137.90M | $-112.60M | $-99.10M | $-15.10M | $-83.80M | $-45.00M | $-89.30M |
| Income Tax Expense | $2.60M | $-20.20M | $4.40M | $300.00K | $17.90M | $-1.50M | $-23.70M |
| Net Income | $-142.60M | $-100.90M | $-105.90M | $-17.50M | $-105.00M | $-45.20M | $-66.70M |
| Net Margin % | -32.7% | -25.0% | -21.1% | -2.9% | -23.1% | -7.9% | -11.5% |
| Basic EPS | nan | -0.60 | -0.67 | -0.12 | nan | -0.29 | -0.42 |
| Diluted EPS | nan | -0.60 | -0.67 | -0.12 | nan | -0.29 | -0.42 |
| Basic Shares Outstanding | - | 170.8M | 160.2M | 160.2M | - | 160.1M | 160.0M |
| Diluted Shares Outstanding | - | 170.8M | 160.2M | 160.2M | - | 160.1M | 160.0M |
| 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) |
|---|---|---|---|---|---|---|---|
| Cash & Cash Equivalents | $22.90M | $58.00M | $26.00M | $16.00M | $14.80M | $25.50M | $24.00M |
| Accounts Receivable | $266.80M | $269.10M | $333.80M | $405.80M | $312.70M | $358.20M | $378.80M |
| Inventory | $151.30M | $166.70M | $180.90M | $200.10M | $201.10M | $239.00M | $258.80M |
| Other Current Assets | $22.60M | $28.40M | $20.70M | $30.30M | $29.40M | $44.50M | $30.70M |
| Total Current Assets | $483.50M | $541.30M | $580.30M | $669.80M | $574.10M | $680.00M | $703.90M |
| Property Plant & Equipment | $1.46B | $1.57B | $1.64B | $1.71B | $1.76B | $1.83B | $1.87B |
| Goodwill | $290.20M | $301.30M | $301.30M | $301.30M | $302.00M | $302.10M | $300.80M |
| Intangible Assets | $111.80M | $120.80M | $129.90M | $139.60M | $148.90M | $158.10M | $160.40M |
| Long-term Investments | - | - | - | - | $7.50M | $7.50M | $7.50M |
| Other Non-current Assets | $40.00M | $48.90M | $45.20M | $44.70M | $35.80M | $35.60M | $20.90M |
| Total Assets | $2.57B | $2.74B | $2.83B | $3.02B | $2.99B | $3.14B | $3.16B |
| Accounts Payable | $257.10M | $276.60M | $335.80M | $351.60M | $324.30M | $356.30M | $334.50M |
| Accrued Liabilities | $74.00M | $80.90M | $77.00M | $75.00M | $67.20M | $75.50M | $94.20M |
| Deferred Revenue | $800.00K | - | - | - | $7.40M | - | - |
| Other Current Liabilities | $28.80M | $29.70M | $33.00M | $36.30M | $56.60M | $62.20M | $55.90M |
| Total Current Liabilities | $597.40M | $595.60M | $640.10M | $684.50M | $660.00M | $714.50M | $699.90M |
| Long-term Debt | $832.70M | $907.00M | $941.90M | $967.90M | $931.10M | $986.70M | $1.01B |
| Deferred Tax Liabilities | $11.80M | $11.20M | $14.80M | $14.80M | $14.90M | - | - |
| Other Non-current Liabilities | $10.10M | $9.90M | $9.80M | $9.30M | $9.20M | $9.00M | $7.80M |
| Total Liabilities | $1.69B | $1.72B | $1.81B | $1.90B | $1.85B | $1.91B | $1.89B |
| Retained Earnings | $-610.20M | $-466.20M | $-361.90M | $-254.70M | $-235.90M | $-129.70M | $-83.30M |
| Total Stockholders Equity | $717.50M | $862.00M | $875.50M | $988.10M | $1.01B | $1.10B | $1.15B |
| Total Liabilities & Equity | $2.57B | $2.74B | $2.83B | $3.02B | $2.99B | $3.14B | $3.16B |
| 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) |
|---|---|---|---|---|---|---|---|
| Net Income | $-142.60M | $-100.90M | $-123.40M | $-17.50M | $-105.00M | $-110.10M | $-64.90M |
| Depreciation & Amortization | $102.60M | $313.70M | $210.70M | $106.00M | $113.30M | $328.90M | $216.20M |
| Stock-based Compensation | $2.70M | $6.60M | $1.90M | $1.10M | $1.20M | $6.10M | $5.00M |
| Deferred Income Tax | $2.40M | $-16.50M | - | - | $14.70M | $-25.40M | $-27.20M |
| Change in Receivables | $-500.00K | $-26.40M | $38.00M | $94.50M | $-42.10M | $-13.40M | $6.00M |
| Change in Inventory | $-14.70M | $-24.10M | $-9.90M | $-1.00M | $-38.00M | $-26.70M | $-6.90M |
| Change in Payables | $900.00K | $-23.30M | $47.20M | $49.20M | $-31.90M | $24.30M | $-10.10M |
| Operating Cash Flow | $49.50M | $140.00M | $139.10M | $38.70M | $76.50M | $290.80M | $192.60M |
| Capital Expenditure | $36.60M | $133.30M | $99.00M | $52.50M | $63.20M | $191.80M | $121.80M |
| Acquisitions | - | - | - | - | - | $194.40M | $194.40M |
| Investing Cash Flow | $-35.70M | $-128.00M | $-97.90M | $-51.70M | $-20.50M | $-351.80M | $-284.80M |
| Debt Repayment | $32.40M | $103.70M | $71.90M | $42.50M | $47.20M | $110.00M | $55.60M |
| Stock Issued | $600.00K | $82.40M | - | - | - | - | - |
| Financing Cash Flow | $-48.90M | $31.20M | $-30.00M | $14.20M | $-66.70M | $61.20M | $90.90M |
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-Q filings.
Quarterly data represents single quarter results (Q1-Q4). Some items may show year-to-date values if quarterly breakdown is unavailable.