$1.10B
Revenue
$-53.42M
Net Income
13.76%
Gross Margin
-1.00%
Op. Margin
$-102.23M
Free Cash Flow
| Breakdown | TTM (Dec 31, 2025) |
FY 2025 (Dec 31, 2025) |
FY 2024 (Dec 31, 2024) |
FY 2023 (Dec 31, 2023) |
|---|---|---|---|---|
| Total Revenue | $1.10B | $1.10B | $1.06B | $613.96M |
| Revenue Growth % | 0.0% | 3.7% | 72.0% | nan% |
| Cost of Revenue | $784.50M | $784.50M | $725.20M | $260.40M |
| Gross Profit | $150.67M | $150.67M | $232.01M | $313.77M |
| Gross Margin % | 13.8% | 13.8% | 22.0% | 51.1% |
| Selling General & Admin | $138.83M | $138.83M | $106.25M | $48.64M |
| Operating Income | $-10.91M | $-10.91M | $113.88M | $265.13M |
| Operating Margin % | -1.0% | -1.0% | 10.8% | 43.2% |
| Interest Expense | $86.31M | $48.77M | $38.47M | $7.69M |
| Other Income/Expense | $727.00K | $727.00K | $551.00K | $430.00K |
| Income Before Tax | $-68.18M | $-68.18M | $75.78M | $257.87M |
| Income Tax Expense | $-17.88M | $-17.88M | $15.84M | $31.38M |
| Net Income | $-53.42M | $-50.30M | $59.94M | $105.43M |
| Net Margin % | -4.9% | -4.6% | 5.7% | 17.2% |
| Basic EPS | -0.40 | -0.41 | 0.55 | 1.50 |
| Diluted EPS | -0.40 | -0.41 | 0.55 | 1.48 |
| Basic Shares Outstanding | - | 122.4M | 108.2M | 70.5M |
| Diluted Shares Outstanding | - | 122.4M | 109.2M | 71.0M |
| Breakdown | FY 2025 (Dec 31, 2025) |
FY 2024 (Dec 31, 2024) |
FY 2023 (Dec 31, 2023) |
|---|---|---|---|
| Accounts Receivable | $180.71M | $165.97M | $71.17M |
| Inventory | $13.62M | $17.30M | $6.45M |
| Other Current Assets | $400.00K | $400.00K | $15.48M |
| Total Current Assets | $307.51M | $289.42M | $318.69M |
| Property Plant & Equipment | $1.54B | $1.49B | $934.66M |
| Goodwill | $152.90M | $69.00M | - |
| Intangible Assets | $182.24M | $105.87M | $1.77M |
| Other Non-current Assets | $1.18M | $3.46M | $4.19M |
| Total Assets | $2.23B | $1.97B | $1.26B |
| Accounts Payable | $69.17M | $119.02M | $60.88M |
| Accrued Liabilities | $84.61M | $60.29M | $28.46M |
| Deferred Revenue | $1.40M | $7.75M | - |
| Other Current Liabilities | $8.39M | $2.60M | $2.98M |
| Total Current Liabilities | $211.06M | $243.06M | $92.59M |
| Long-term Debt | $604.18M | $466.99M | $172.82M |
| Deferred Tax Liabilities | $221.62M | $206.87M | $121.53M |
| Other Non-current Liabilities | $5.54M | $2.19M | $6.92M |
| Total Liabilities | $1.02B | $936.10M | $393.86M |
| Common Stock | $1.24M | $1.10M | $1.00M |
| Retained Earnings | $-50.30M | - | $-41.26M |
| Total Stockholders Equity | $1.21B | $1.04B | $867.82M |
| Total Liabilities & Equity | $2.23B | $1.97B | $1.26B |
| Breakdown | TTM (Dec 31, 2025) |
FY 2025 (Dec 31, 2025) |
FY 2024 (Dec 31, 2024) |
FY 2023 (Dec 31, 2023) |
|---|---|---|---|---|
| Net Income | $-53.42M | $-50.30M | $59.94M | $105.43M |
| Depreciation & Amortization | $160.15M | $160.15M | $98.75M | $39.80M |
| Stock-based Compensation | $39.74M | $33.23M | $22.38M | $7.41M |
| Deferred Income Tax | $-17.74M | $-17.50M | $15.00M | $29.20M |
| Change in Receivables | $99.35M | $10.82M | $13.11M | $-2.17M |
| Change in Inventory | $-6.34M | $-3.69M | $6.62M | $835.00K |
| Operating Cash Flow | $191.09M | $117.35M | $256.46M | $299.03M |
| Capital Expenditure | $293.32M | $148.27M | $373.98M | $365.49M |
| Acquisitions | $567.19M | $204.17M | $153.43M | - |
| Investing Cash Flow | $-842.10M | $-344.82M | $-512.71M | $-365.49M |
| Debt Repayment | - | - | - | $16.57M |
| Stock Repurchased | - | $200.00K | - | - |
| Financing Cash Flow | $624.01M | $196.41M | $117.78M | $194.62M |
| Net Change in Cash | $-27.00M | $-31.07M | $-138.47M | $128.16M |
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 | $259.61M | $304.43M | $845.88M | $784.62M |
| Cost of Revenue | $195.23M | $225.35M | $597.20M | $534.23M |
| Gross Profit | $23.76M | $53.02M | $130.43M | $182.12M |
| Selling General & Admin | $36.32M | $25.46M | $105.11M | $80.71M |
| Operating Income | $-18.54M | $15.24M | $3.99M | $83.14M |
| Interest Expense | - | - | $38.93M | $27.60M |
| Other Income/Expense | $-3.00K | $289.00K | $626.00K | $450.00K |
| Income Before Tax | $-33.55M | $4.33M | $-37.27M | $56.96M |
| Income Tax Expense | $-9.83M | $415.00K | $-9.21M | $11.42M |
| Net Income | $-23.72M | $3.92M | $-28.06M | $45.54M |
| Basic EPS | -0.19 | 0.04 | -0.23 | 0.42 |
| Diluted EPS | -0.19 | 0.04 | -0.23 | 0.42 |
| Basic Shares Outstanding | $123.74M | $109.88M | $121.90M | $107.57M |
| Diluted Shares Outstanding | $123.74M | $111.08M | $121.90M | $108.56M |
Condensed Consolidated Balance Sheets
| Description | Sep 30, 2025 | Dec 31, 2024 |
|---|---|---|
| Accounts Receivable | $184.62M | $165.97M |
| Inventory | $11.85M | $17.30M |
| Other Current Assets | $14.42M | $11.20M |
| Total Current Assets | $297.20M | $289.42M |
| Property Plant & Equipment | $1.56B | $1.49B |
| Goodwill | $156.71M | $69.00M |
| Intangible Assets | $189.22M | $105.87M |
| Other Non-current Assets | $3.15M | $3.46M |
| Total Assets | $2.23B | $1.97B |
| Accounts Payable | $92.84M | $119.02M |
| Accrued Liabilities | $74.80M | $60.29M |
| Deferred Revenue | $3.00M | $7.75M |
| Other Current Liabilities | $6.50M | $2.60M |
| Total Current Liabilities | $220.57M | $243.06M |
| Long-term Debt | $518.43M | $466.99M |
| Deferred Tax Liabilities | $228.44M | $206.87M |
| Other Non-current Liabilities | $13.85M | $2.19M |
| Total Liabilities | $1.01B | $936.10M |
| Common Stock | $1.24M | $1.10M |
| Retained Earnings | $-28.06M | - |
| Total Stockholders Equity | $1.22B | $1.04B |
| Total Liabilities & Equity | $2.23B | $1.97B |
Condensed Consolidated Statements of Cash Flows
| Description | Sep 30, 2025 | Sep 30, 2025 | ||
|---|---|---|---|---|
| Current | Prior Year | Current YTD | Prior Year YTD | |
| Net Income | $-23.72M | $3.92M | $-28.06M | $45.54M |
| Depreciation & Amortization | $40.62M | $26.07M | $118.25M | $68.27M |
| Stock-based Compensation | $9.34M | $6.29M | $24.15M | $15.96M |
| Deferred Income Tax | - | - | $-10.83M | $10.43M |
| Change in Receivables | - | - | $11.95M | $22.36M |
| Change in Inventory | - | - | $-5.45M | $5.09M |
| Operating Cash Flow | - | - | $113.64M | $185.61M |
| Capital Expenditure | - | - | $126.46M | $297.55M |
| Acquisitions | - | - | $204.17M | $142.23M |
| Investing Cash Flow | - | - | $-325.23M | $-429.79M |
| Stock Repurchased | - | - | $200.00K | - |
| Dividends Paid | - | - | $92.28M | $70.44M |
| Financing Cash Flow | - | - | $181.24M | $112.64M |
| Net Change in Cash | - | - | $-30.36M | $-131.54M |
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.