$7.88B
Revenue
$1.78B
Net Income
80.57%
Gross Margin
38.26%
Op. Margin
$5.66B
Free Cash Flow
| Breakdown | TTM (Sep 30, 2025) |
FY 2024 (Dec 31, 2024) |
FY 2023 (Dec 31, 2023) |
FY 2022 (Dec 31, 2022) |
FY 2021 (Dec 31, 2021) |
|---|---|---|---|---|---|
| Total Revenue | $7.88B | $5.27B | $6.91B | $7.50B | $3.06B |
| Revenue Growth % | 49.4% | -23.7% | -7.9% | 144.6% | nan% |
| Cost of Revenue | $1.53B | $1.92B | $2.16B | $2.12B | $1.94B |
| Gross Profit | $6.35B | $3.36B | $4.75B | $5.38B | $1.12B |
| Gross Margin % | 80.6% | 63.7% | 68.8% | 71.8% | 36.6% |
| Operating Expenses | $4.87B | $4.59B | $4.59B | $4.78B | $4.43B |
| Selling General & Admin | $379.76M | $336.72M | $236.17M | $252.65M | $196.31M |
| Operating Income | $3.01B | $685.30M | $2.31B | $2.72B | $-1.36B |
| Operating Margin % | 38.3% | 13.0% | 33.5% | 36.3% | -44.4% |
| Interest Expense | $466.54M | $401.77M | $219.66M | $249.66M | $308.90M |
| Other Income/Expense | $6.10M | $25.98M | $1.23M | $11.28M | $19.11M |
| Income Before Tax | $2.60B | $264.19M | $2.10B | $2.33B | $-1.59B |
| Income Tax Expense | $590.42M | $22.08M | $368.95M | $553.72M | $-434.18M |
| Net Income | $1.78B | $230.58M | $1.74B | $1.77B | $-1.16B |
| Net Margin % | 22.6% | 4.4% | 25.1% | 23.6% | -37.7% |
| Basic EPS | 3.09 | 0.45 | 4.56 | 4.79 | -3.58 |
| Diluted EPS | 3.07 | 0.45 | 4.22 | 4.38 | -3.58 |
| Basic Shares Outstanding | 624.5M | 509.6M | 380.9M | 370.0M | 323.2M |
| Diluted Shares Outstanding | 628.3M | 514.6M | 413.2M | 406.5M | 323.2M |
| Breakdown | FY 2024 (Dec 31, 2024) |
FY 2023 (Dec 31, 2023) |
FY 2022 (Dec 31, 2022) |
FY 2021 (Dec 31, 2021) |
|---|---|---|---|---|
| Cash & Cash Equivalents | $202.09M | $80.98M | $1.46B | $113.96M |
| Accounts Receivable | $1.13B | $823.70M | $1.61B | $1.44B |
| Other Current Assets | $52.04M | - | - | - |
| Total Current Assets | $1.71B | $2.01B | $4.01B | $2.29B |
| Property Plant & Equipment | $31.75B | $22.95B | $18.17B | $18.42B |
| Goodwill | $2.08B | - | - | - |
| Intangible Assets | $215.26M | $22.59M | - | - |
| Other Non-current Assets | $455.62M | $321.95M | $488.15M | $491.70M |
| Total Assets | $39.83B | $25.29B | $22.67B | $21.61B |
| Accounts Payable | $1.18B | $1.27B | $1.57B | $1.34B |
| Deferred Revenue | $24.19M | - | - | - |
| Other Current Liabilities | $349.42M | $285.52M | $341.49M | $372.41M |
| Total Current Liabilities | $2.46B | $2.04B | $3.73B | $5.08B |
| Long-term Debt | $9.32B | - | - | - |
| Deferred Tax Liabilities | $2.85B | $1.90B | $1.44B | $938.61M |
| Other Non-current Liabilities | $1.24B | $1.06B | $1.03B | $1.01B |
| Total Liabilities | $15.55B | $10.50B | $11.46B | $11.56B |
| Retained Earnings | $2.59B | $2.68B | $1.28B | $-115.78M |
| Treasury Stock | - | - | - | $18.05M |
| Total Stockholders Equity | $20.60B | $14.77B | $11.17B | $10.03B |
| Total Liabilities & Equity | $39.83B | $25.29B | $22.67B | $21.61B |
| Breakdown | TTM (Sep 30, 2025) |
FY 2024 (Dec 31, 2024) |
FY 2023 (Dec 31, 2023) |
FY 2022 (Dec 31, 2022) |
FY 2021 (Dec 31, 2021) |
|---|---|---|---|---|---|
| Net Income | $2.02B | $230.58M | $1.74B | $1.77B | $-1.16B |
| Depreciation & Amortization | $2.55B | $2.16B | $1.73B | $1.67B | $1.68B |
| Stock-based Compensation | $103.89M | $158.34M | $49.83M | $45.20M | $28.17M |
| Deferred Income Tax | - | $14.73M | $384.67M | - | - |
| Change in Receivables | $50.70M | $220.45M | $-867.68M | $168.98M | $699.99M |
| Change in Payables | $297.75M | $16.51M | $-406.11M | $181.46M | $456.99M |
| Operating Cash Flow | $9.48B | $2.83B | $3.18B | $3.47B | $1.66B |
| Capital Expenditure | $3.82B | $2.25B | $2.02B | $1.40B | $1.06B |
| Acquisitions | $605.00M | $874.26M | $2.27B | $205.35M | $1.03B |
| Investing Cash Flow | $-3.37B | $-1.58B | $-4.31B | $-1.42B | $-2.07B |
| Debt Repayment | $5.12B | $4.31B | $1.02B | $917.04M | $154.34M |
| Stock Issued | - | - | - | - | - |
| Stock Repurchased | - | - | $201.03M | $409.49M | $12.92M |
| Dividends Paid | $663.11M | $326.58M | $228.34M | $203.63M | - |
| Financing Cash Flow | $-5.53B | $-1.13B | $-242.86M | $-699.13M | $506.05M |
| Net Change in Cash | $579.83M | $121.12M | $-1.38B | $1.34B | $95.75M |
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 | $1.96B | $1.28B | $6.26B | $3.65B |
| Cost of Revenue | $377.13M | $440.85M | $1.14B | $1.53B |
| Operating Expenses | $1.36B | $1.57B | $4.02B | $3.74B |
| Selling General & Admin | $98.72M | $88.47M | $271.77M | $228.73M |
| Operating Income | $603.21M | $-281.84M | $2.23B | $-96.15M |
| Interest Expense | $109.93M | $158.30M | $333.17M | $268.39M |
| Other Income/Expense | $472.00K | $3.96M | $3.71M | $23.60M |
| Income Before Tax | $536.48M | $-402.30M | $2.02B | $-309.92M |
| Income Tax Expense | $129.27M | $-104.87M | $443.55M | $-124.79M |
| Net Income | $335.86M | $-300.82M | $1.36B | $-187.82M |
| Basic EPS | 0.54 | -0.54 | 2.24 | -0.39 |
| Diluted EPS | 0.53 | -0.54 | 2.23 | -0.39 |
| Basic Shares Outstanding | $624.53M | $559.60M | $607.25M | $480.35M |
| Diluted Shares Outstanding | $628.32M | $559.60M | $611.43M | $480.35M |
Condensed Consolidated Balance Sheets
| Description | Sep 30, 2025 | Dec 31, 2024 |
|---|---|---|
| Cash & Cash Equivalents | $235.74M | $202.09M |
| Accounts Receivable | $803.91M | $1.13B |
| Total Current Assets | $1.27B | $1.71B |
| Property Plant & Equipment | $33.61B | $31.75B |
| Goodwill | $2.06B | $2.08B |
| Intangible Assets | $204.18M | $215.26M |
| Other Non-current Assets | $451.12M | $455.62M |
| Total Assets | $41.20B | $39.83B |
| Accounts Payable | $1.12B | $1.18B |
| Other Current Liabilities | $239.83M | $349.42M |
| Total Current Liabilities | $2.19B | $2.46B |
| Deferred Tax Liabilities | $3.27B | $2.85B |
| Total Liabilities | $14.40B | $15.55B |
| Retained Earnings | $3.66B | $2.59B |
| Total Stockholders Equity | $23.15B | $20.60B |
| Total Liabilities & Equity | $41.20B | $39.83B |
Condensed Consolidated Statements of Cash Flows
| Description | Sep 30, 2025 | Sep 30, 2025 | ||
|---|---|---|---|---|
| Current | Prior Year | Current YTD | Prior Year YTD | |
| Net Income | $335.86M | $-300.82M | $1.36B | $-187.82M |
| Depreciation & Amortization | $688.38M | $589.30M | $1.93B | $1.54B |
| Stock-based Compensation | - | - | $43.82M | $141.58M |
| Change in Receivables | - | - | $-296.35M | $-331.45M |
| Change in Payables | - | - | $-4.49M | $-122.25M |
| Operating Cash Flow | - | - | $4.00B | $2.07B |
| Capital Expenditure | - | - | $1.68B | $1.66B |
| Acquisitions | - | - | $484.81M | $864.24M |
| Investing Cash Flow | - | - | $-2.22B | $-2.16B |
| Debt Repayment | - | - | $905.70M | $1.66B |
| Dividends Paid | - | - | $286.66M | $232.60M |
| Financing Cash Flow | - | - | $-1.74B | $99.64M |
| Net Change in Cash | - | - | $33.64M | $8.00M |
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.