$541.85M
Revenue
$-49.22M
Net Income
55.92%
Gross Margin
2.18%
Op. Margin
$80.97M
Free Cash Flow
| Breakdown | Q3 2026 (Dec 31, 2025) |
Q2 2026 (Sep 30, 2025) |
Q1 2026 (Jun 30, 2025) |
Q4 2025 (Mar 31, 2025) |
Q3 2025 (Dec 31, 2024) |
Q2 2025 (Sep 30, 2024) |
|---|---|---|---|---|---|---|
| Total Revenue | $151.40M | $140.38M | $130.93M | $119.15M | $134.64M | $118.73M |
| Revenue Growth % (YoY) | 12.4% | 18.2% | nan% | nan% | nan% | nan% |
| Cost of Revenue | $64.42M | $63.09M | $58.14M | $53.20M | $69.95M | $56.34M |
| Gross Profit | $86.97M | - | - | - | - | - |
| Gross Margin % | 57.4% | nan% | nan% | nan% | nan% | nan% |
| Operating Expenses | $129.75M | $133.84M | $135.59M | $130.84M | $147.39M | $132.27M |
| Research & Development | $9.89M | $10.98M | $10.15M | $9.11M | $10.20M | $9.43M |
| Operating Income | $21.65M | $6.53M | $-4.66M | $-11.69M | $-12.75M | $-13.54M |
| Operating Margin % | 14.3% | 4.7% | -3.6% | -9.8% | -9.5% | -11.4% |
| Interest Expense | $13.56M | $13.62M | $8.66M | $7.99M | $27.60M | $18.58M |
| Other Income/Expense | $74.00K | $-1.21M | $-668.00K | $-24.00K | $-57.00K | $-36.00K |
| Income Before Tax | $8.34M | $-19.94M | $-16.20M | $-20.15M | $-20.72M | $-23.59M |
| Income Tax Expense | $3.24M | $1.45M | $-2.09M | $-1.33M | $2.41M | $1.40M |
| Net Income | $5.11M | $-21.39M | $-14.10M | $-18.83M | $-23.13M | $-24.99M |
| Net Margin % | 3.4% | -15.2% | -10.8% | -15.8% | -17.2% | -21.0% |
| Basic EPS | 0.04 | -0.20 | -0.13 | -0.18 | -0.22 | -0.24 |
| Diluted EPS | 0.03 | -0.20 | -0.13 | -0.18 | -0.22 | -0.24 |
| Basic Shares Outstanding | 115.9M | 109.1M | 106.6M | 546K | 104.1M | 103.0M |
| Diluted Shares Outstanding | 120.5M | 109.1M | 106.6M | 546K | 104.1M | 103.0M |
| Breakdown | Q3 2026 (Dec 31, 2025) |
Q2 2026 (Sep 30, 2025) |
Q1 2026 (Jun 30, 2025) |
Q4 2025 (Mar 31, 2025) |
Q3 2025 (Dec 31, 2024) |
Q2 2025 (Sep 30, 2024) |
|---|---|---|---|---|---|---|
| Cash & Cash Equivalents | $40.18M | $38.85M | $33.43M | $39.39M | $34.62M | $32.08M |
| Accounts Receivable | $245.32M | $205.90M | $203.87M | $181.77M | $199.51M | $191.61M |
| Other Current Assets | $14.25M | $7.98M | $6.58M | $5.71M | $12.42M | $12.42M |
| Total Current Assets | $318.07M | $268.98M | $260.23M | $242.78M | $254.12M | $243.89M |
| Property Plant & Equipment | $48.98M | $48.46M | $44.70M | $46.97M | $49.62M | $48.16M |
| Goodwill | $223.79M | $223.79M | $223.94M | $221.74M | $221.08M | $221.06M |
| Intangible Assets | $226.96M | $235.84M | $246.34M | $257.70M | $270.26M | $285.85M |
| Other Non-current Assets | $32.79M | $33.14M | $33.53M | $33.75M | $33.99M | $34.31M |
| Total Assets | $858.17M | $818.66M | $818.36M | $812.85M | $839.71M | $844.49M |
| Accounts Payable | $127.54M | $112.07M | $113.35M | $139.94M | $147.73M | $148.06M |
| Accrued Liabilities | $94.12M | $80.45M | $79.89M | $35.26M | $34.30M | $29.52M |
| Other Current Liabilities | $43.80M | $35.32M | $33.53M | $38.12M | $47.83M | $38.64M |
| Total Current Liabilities | $288.15M | $244.51M | $237.71M | $222.53M | $240.24M | $223.63M |
| Long-term Debt | $354.97M | $393.75M | $400.50M | $408.69M | $408.15M | $407.62M |
| Deferred Tax Liabilities | $11.70M | $16.63M | $17.42M | $16.31M | $14.90M | $17.46M |
| Other Non-current Liabilities | $9.04M | $9.65M | $10.43M | $11.38M | $12.85M | $13.40M |
| Total Liabilities | $663.57M | $670.54M | $666.06M | $658.90M | $676.15M | $662.12M |
| Common Stock | $10.00K | $10.00K | $10.00K | $10.00K | $10.00K | $10.00K |
| Retained Earnings | $-717.83M | $-722.94M | $-701.55M | $-687.44M | $-668.62M | $-645.49M |
| Total Stockholders Equity | $194.60M | $148.13M | $152.29M | $153.96M | $163.56M | $182.37M |
| Total Liabilities & Equity | $858.17M | $818.66M | $818.36M | $812.85M | $839.71M | $844.49M |
| Breakdown | Q3 2026 (Dec 31, 2025) |
Q2 2026 (Sep 30, 2025) |
Q1 2026 (Jun 30, 2025) |
Q4 2025 (Mar 31, 2025) |
Q3 2025 (Dec 31, 2024) |
Q2 2025 (Sep 30, 2024) |
|---|---|---|---|---|---|---|
| Net Income | $-30.39M | $-21.39M | $-14.10M | $-18.83M | $-73.27M | $-24.99M |
| Depreciation & Amortization | $54.77M | $38.20M | $23.34M | $23.13M | $59.78M | $40.17M |
| Stock-based Compensation | $12.21M | $11.72M | $6.27M | $8.13M | $25.42M | $17.17M |
| Change in Receivables | $64.04M | $25.20M | $22.92M | $-16.85M | $11.02M | $1.93M |
| Change in Payables | $-12.75M | $-28.21M | $-26.94M | $-7.96M | $-11.38M | $-11.38M |
| Operating Cash Flow | $37.42M | $23.25M | $8.79M | $11.51M | $372.00K | $-10.07M |
| Acquisitions | - | - | - | - | - | - |
| Investing Cash Flow | $-23.17M | $-15.39M | $-7.62M | $-6.94M | $-20.53M | $-13.41M |
| Debt Repayment | $466.00M | $10.09M | $40.00K | - | $13.00M | $13.00M |
| Stock Issued | $56.81M | $13.57M | - | - | - | - |
| Financing Cash Flow | $-10.33M | $-8.23M | $-8.46M | $36.00K | $23.25M | $23.37M |
| Net Change in Cash | $339.00K | $-800.00K | $-5.95M | $4.77M | $1.71M | $-840.00K |
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-Q filings.
Quarterly data represents single quarter results (Q1-Q4). Some items may show year-to-date values if quarterly breakdown is unavailable.