$541.85M
Revenue
$-49.22M
Net Income
55.92%
Gross Margin
2.18%
Op. Margin
$80.97M
Free Cash Flow
| Breakdown | TTM (Dec 31, 2025) |
FY 2024 (Mar 31, 2025) |
FY 2023 (Mar 31, 2024) |
FY 2022 (Mar 31, 2023) |
FY 2021 (Mar 31, 2022) |
FY 2020 (Mar 31, 2021) |
|---|---|---|---|---|---|---|
| Total Revenue | $541.85M | $490.51M | $544.48M | $665.92M | $747.60M | $313.58M |
| Revenue Growth % | 10.5% | -9.9% | -18.2% | -10.9% | 138.4% | nan% |
| Cost of Revenue | $238.85M | $235.29M | $262.23M | $309.25M | $370.65M | $178.65M |
| Gross Profit | $303.00M | $255.22M | $282.26M | $356.67M | $376.95M | $134.93M |
| Gross Margin % | 55.9% | 52.0% | 51.8% | 53.6% | 50.4% | 43.0% |
| Operating Expenses | $530.02M | $544.58M | $918.92M | $619.75M | $655.36M | $254.37M |
| Research & Development | $40.13M | $39.46M | $54.16M | $56.49M | $52.72M | $20.12M |
| Operating Income | $11.84M | $-54.08M | $-374.44M | $46.16M | $92.24M | $59.21M |
| Operating Margin % | 2.2% | -11.0% | -68.8% | 6.9% | 12.3% | 18.9% |
| Interest Expense | $43.84M | $35.58M | $30.72M | $20.19M | $5.99M | $922.00K |
| Other Income/Expense | $-1.82M | $-3.00K | $-328.00K | $229.00K | $-749.00K | $-146.00K |
| Income Before Tax | $-47.95M | $-87.86M | $-405.13M | $22.02M | $43.97M | $41.86M |
| Income Tax Expense | $1.27M | $4.24M | $15.32M | $5.15M | $8.40M | $-13.03M |
| Net Income | $-49.22M | $-92.10M | $-420.23M | $16.67M | $35.55M | $54.88M |
| Net Margin % | -9.1% | -18.8% | -77.2% | 2.5% | 4.8% | 17.5% |
| Basic EPS | -0.47 | -0.89 | -4.16 | 0.17 | 0.37 | 0.62 |
| Diluted EPS | -0.48 | -0.89 | -4.16 | 0.16 | 0.35 | 0.57 |
| Basic Shares Outstanding | 115.9M | 103.7M | 101.0M | 98.8M | 95.2M | 88.5M |
| Diluted Shares Outstanding | 120.5M | 103.7M | 101.0M | 101.8M | 102.6M | 96.2M |
| Breakdown | FY 2024 (Mar 31, 2025) |
FY 2023 (Mar 31, 2024) |
FY 2022 (Mar 31, 2023) |
FY 2021 (Mar 31, 2022) |
FY 2020 (Mar 31, 2021) |
|---|---|---|---|---|---|
| Cash & Cash Equivalents | $39.39M | $33.60M | $75.06M | $126.77M | $30.78M |
| Accounts Receivable | $181.77M | $191.01M | $178.19M | $263.14M | $61.98M |
| Other Current Assets | $5.71M | $10.02M | $3.73M | $20.57M | $4.28M |
| Total Current Assets | $242.78M | $242.34M | $266.07M | $410.87M | $97.39M |
| Property Plant & Equipment | $46.97M | $45.78M | $39.33M | $31.09M | $13.05M |
| Goodwill | $221.74M | $220.07M | $561.58M | $559.79M | $80.18M |
| Intangible Assets | $257.70M | $313.50M | $379.63M | $440.59M | $53.30M |
| Other Non-current Assets | $33.75M | $34.71M | $9.88M | $732.00K | - |
| Total Assets | $812.85M | $865.54M | $1.27B | $1.46B | $260.37M |
| Accounts Payable | $139.94M | $159.20M | $119.34M | $167.86M | $34.95M |
| Accrued Liabilities | $35.26M | $33.93M | $69.22M | $95.17M | $46.20M |
| Other Current Liabilities | $38.12M | $35.68M | $21.38M | $30.96M | $5.63M |
| Total Current Liabilities | $222.53M | $236.02M | $220.92M | $385.26M | $111.15M |
| Long-term Debt | $408.69M | $383.49M | $410.52M | $520.78M | - |
| Deferred Tax Liabilities | $16.31M | $20.42M | $13.94M | $19.98M | - |
| Other Non-current Liabilities | $11.38M | $11.67M | $13.92M | $16.27M | $4.11M |
| Total Liabilities | $658.90M | $651.61M | $659.30M | $942.29M | $115.26M |
| Common Stock | $10.00K | $10.00K | $10.00K | $10.00K | $10.00K |
| Retained Earnings | $-687.44M | $-595.34M | $-175.12M | $-191.79M | $-227.33M |
| Treasury Stock | - | - | $71.00K | $71.00K | $71.00K |
| Total Stockholders Equity | $153.96M | $213.93M | $605.20M | $514.57M | $145.11M |
| Total Liabilities & Equity | $812.85M | $865.54M | $1.27B | $1.46B | $260.37M |
| Breakdown | TTM (Dec 31, 2025) |
FY 2024 (Mar 31, 2025) |
FY 2023 (Mar 31, 2024) |
FY 2022 (Mar 31, 2023) |
FY 2021 (Mar 31, 2022) |
FY 2020 (Mar 31, 2021) |
|---|---|---|---|---|---|---|
| Net Income | $-84.72M | $-92.10M | $-420.23M | $16.67M | $35.55M | $54.88M |
| Depreciation & Amortization | $139.43M | $82.91M | $83.86M | $81.07M | $57.45M | $7.11M |
| Stock-based Compensation | $38.32M | $33.54M | $33.76M | $30.40M | $19.30M | $4.85M |
| Change in Receivables | $95.31M | $-5.82M | $19.25M | $-83.89M | $73.66M | $25.38M |
| Change in Payables | $-75.85M | $-19.34M | $40.19M | $-48.83M | $31.76M | $-1.90M |
| Operating Cash Flow | $80.97M | $11.88M | $28.68M | $113.38M | $84.74M | $62.80M |
| Acquisitions | - | - | $-65.00K | $2.71M | $148.72M | $28.60M |
| Purchases of Investments | - | - | $19.63M | $8.50M | - | - |
| Investing Cash Flow | $-53.12M | $-27.48M | $-43.85M | $-35.06M | $-172.00M | $-37.81M |
| Debt Repayment | $476.13M | $13.00M | $77.13M | $149.00M | $52.77M | $20.00M |
| Financing Cash Flow | $-26.98M | $23.28M | $-29.30M | $-128.29M | $185.24M | $-15.22M |
| Net Change in Cash | $-1.64M | $6.48M | $-41.95M | $-51.60M | $96.04M | $9.46M |
SEC Filing Format - Data shown as it appears in the Q3 2026 (10-Q) filing
Period ended: Dec 31, 2025
Condensed Consolidated Statements of Operations
| Description | Dec 31, 2025 | Dec 31, 2025 | ||
|---|---|---|---|---|
| Current | Prior Year | Current YTD | Prior Year YTD | |
| Total Revenue | $151.40M | - | $422.70M | - |
| Cost of Revenue | $64.42M | - | $185.66M | - |
| Gross Profit | $86.97M | - | $237.05M | - |
| Operating Expenses | $129.75M | - | $399.18M | - |
| Research & Development | $9.89M | - | $31.02M | - |
| Operating Income | $21.65M | - | $23.53M | - |
| Interest Expense | $13.56M | - | $33.86M | - |
| Other Income/Expense | $74.00K | - | $-1.80M | - |
| Income Before Tax | $8.34M | - | $-27.80M | - |
| Income Tax Expense | $3.24M | - | $2.60M | - |
| Net Income | $5.11M | $-24.99M | $-30.39M | - |
| Basic EPS | 0.04 | - | -0.27 | - |
| Diluted EPS | 0.03 | - | -0.27 | - |
| Basic Shares Outstanding | $115.92M | - | $110.59M | - |
| Diluted Shares Outstanding | $120.47M | - | $110.59M | - |
Condensed Consolidated Balance Sheets
| Description | Dec 31, 2025 | Mar 31, 2025 |
|---|---|---|
| Cash & Cash Equivalents | $40.18M | - |
| Accounts Receivable | $245.32M | $181.77M |
| Other Current Assets | $14.25M | $5.71M |
| Total Current Assets | $318.07M | $242.78M |
| Property Plant & Equipment | $48.98M | $46.97M |
| Goodwill | $223.79M | $221.74M |
| Intangible Assets | $226.96M | $257.70M |
| Other Non-current Assets | $32.79M | $33.75M |
| Total Assets | $858.17M | $812.85M |
| Accounts Payable | $127.54M | $139.94M |
| Accrued Liabilities | $94.12M | $35.26M |
| Other Current Liabilities | $43.80M | $38.12M |
| Total Current Liabilities | $288.15M | $222.53M |
| Long-term Debt | $354.97M | $408.69M |
| Deferred Tax Liabilities | $11.70M | $16.31M |
| Other Non-current Liabilities | $9.04M | $11.38M |
| Total Liabilities | $663.57M | $658.90M |
| Common Stock | $10.00K | $10.00K |
| Retained Earnings | $-717.83M | $-687.44M |
| Total Stockholders Equity | $194.60M | $153.96M |
| Total Liabilities & Equity | $858.17M | $812.85M |
Condensed Consolidated Statements of Cash Flows
| Description | Dec 31, 2025 | Dec 31, 2025 | ||
|---|---|---|---|---|
| Current | Prior Year | Current YTD | Prior Year YTD | |
| Net Income | $5.11M | $-24.99M | $-30.39M | - |
| Depreciation & Amortization | - | - | $54.77M | - |
| Stock-based Compensation | - | - | $12.21M | - |
| Change in Receivables | - | - | $64.04M | - |
| Change in Payables | - | - | $-12.75M | - |
| Operating Cash Flow | - | - | $37.42M | - |
| Investing Cash Flow | - | - | $-23.17M | - |
| Debt Repayment | - | - | $466.00M | - |
| Stock Issued | - | - | $56.81M | - |
| Financing Cash Flow | - | - | $-10.33M | - |
| Net Change in Cash | - | - | $339.00K | - |
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.