$1.95B
Revenue
$-339.80M
Net Income
28.17%
Gross Margin
4.03%
Op. Margin
$-445.30M
Free Cash Flow
| Breakdown | TTM (Dec 31, 2025) |
FY 2025 (Dec 31, 2025) |
FY 2024 (Dec 31, 2024) |
FY 2023 (Dec 31, 2023) |
FY 2022 (Dec 31, 2022) |
FY 2020 (Dec 31, 2020) |
|---|---|---|---|---|---|---|
| Total Revenue | $1.95B | $1.95B | $2.01B | $2.02B | $1.98B | $2.03B |
| Revenue Growth % | 0.0% | -2.9% | -0.3% | 1.8% | -2.3% | nan% |
| Cost of Revenue | $1.40B | $1.40B | $1.42B | $1.46B | $1.45B | $1.54B |
| Gross Profit | $549.30M | $549.30M | $585.90M | $551.30M | - | - |
| Gross Margin % | 28.2% | 28.2% | 29.2% | 27.4% | nan% | nan% |
| Operating Expenses | $1.87B | $1.87B | $1.91B | $1.94B | $1.93B | $1.94B |
| Research & Development | $24.60M | $24.60M | $25.20M | $24.10M | $24.20M | $26.60M |
| Selling General & Admin | $391.20M | $391.20M | $424.20M | $450.30M | $453.20M | $369.40M |
| Operating Income | $78.50M | $78.50M | $97.40M | $76.90M | $52.20M | $87.00M |
| Operating Margin % | 4.0% | 4.0% | 4.8% | 3.8% | 2.6% | 4.3% |
| Interest Expense | $23.30M | $23.30M | $35.40M | $30.80M | $32.40M | $29.20M |
| Interest Income | - | $20.70M | $23.20M | $26.30M | - | - |
| Other Income/Expense | $-297.30M | $-297.30M | $-140.80M | $-393.90M | $-82.40M | $-329.60M |
| Income Before Tax | $-272.20M | $-272.20M | $-75.30M | $-347.80M | $-62.60M | $-271.80M |
| Income Tax Expense | $67.80M | $67.80M | $117.90M | $79.30M | $42.30M | $45.40M |
| Net Income | $-339.80M | $-339.80M | $-193.40M | $-430.70M | $-106.00M | $750.70M |
| Net Margin % | -17.4% | -17.4% | -9.6% | -21.4% | -5.4% | 37.0% |
| Basic EPS | -4.76 | -4.79 | -2.79 | -6.31 | -1.57 | 11.93 |
| Diluted EPS | -4.76 | -4.79 | -2.79 | -6.31 | -1.57 | 11.93 |
| Basic Shares Outstanding | - | 71.0M | 69.2M | 68.3M | - | - |
| Diluted Shares Outstanding | - | 71.0M | 69.2M | 68.3M | - | - |
| Breakdown | FY 2025 (Dec 31, 2025) |
FY 2024 (Dec 31, 2024) |
FY 2023 (Dec 31, 2023) |
FY 2022 (Dec 31, 2022) |
FY 2020 (Dec 31, 2020) |
|---|---|---|---|---|---|
| Cash & Cash Equivalents | $413.90M | $376.50M | $387.70M | $391.80M | $898.50M |
| Inventory | $13.80M | $16.40M | $15.30M | $14.90M | $13.40M |
| Other Current Assets | $127.70M | $106.30M | $101.80M | $92.30M | $89.30M |
| Total Current Assets | $1.00B | $982.40M | $971.00M | $930.40M | $1.51B |
| Property Plant & Equipment | $53.10M | $57.10M | $64.30M | $75.90M | $110.50M |
| Goodwill | $193.80M | $247.90M | $287.40M | $287.10M | $108.60M |
| Intangible Assets | $31.20M | $35.50M | $42.70M | $52.40M | - |
| Other Non-current Assets | $160.00M | $185.70M | $200.90M | $190.40M | $204.10M |
| Total Assets | $1.85B | $1.87B | $1.97B | $2.07B | $2.71B |
| Accounts Payable | $81.20M | $97.90M | $130.90M | $160.80M | $223.20M |
| Deferred Revenue | $228.50M | $210.40M | $198.60M | $200.70M | $257.10M |
| Other Current Liabilities | $333.50M | $314.70M | $308.40M | $271.60M | $352.00M |
| Total Current Liabilities | $655.90M | $628.00M | $650.90M | $650.50M | $935.10M |
| Long-term Debt | $700.50M | $488.20M | $491.20M | $495.70M | $527.10M |
| Other Non-current Liabilities | $80.60M | $71.30M | $44.00M | $31.00M | $71.40M |
| Common Stock | $800.00K | $800.00K | $700.00K | $700.00K | $700.00K |
| Retained Earnings | $-2.48B | $-2.14B | $-1.95B | $-1.51B | $-960.50M |
| Treasury Stock | - | - | - | $156.00M | $114.40M |
| Total Stockholders Equity | $-282.60M | $-283.40M | $-151.80M | $-14.70M | $-356.80M |
| Total Liabilities & Equity | $1.85B | $1.87B | $1.97B | $2.07B | $2.71B |
| Breakdown | TTM (Dec 31, 2025) |
FY 2025 (Dec 31, 2025) |
FY 2024 (Dec 31, 2024) |
FY 2023 (Dec 31, 2023) |
FY 2022 (Dec 31, 2022) |
FY 2020 (Dec 31, 2020) |
|---|---|---|---|---|---|---|
| Net Income | $-339.80M | $-339.80M | $-193.40M | $-430.70M | $-106.00M | $750.70M |
| Depreciation & Amortization | $41.90M | $23.50M | $24.30M | $29.10M | $50.20M | $29.70M |
| Stock-based Compensation | $31.60M | $15.10M | $21.20M | $17.20M | $20.00M | $14.50M |
| Deferred Income Tax | $-1.00M | $7.70M | $35.60M | $24.50M | $-8.30M | $-13.40M |
| Change in Inventory | $13.10M | $-3.00M | $1.70M | - | $8.00M | $-3.00M |
| Operating Cash Flow | $-389.60M | $-140.00M | $135.10M | $74.20M | $12.70M | $-681.20M |
| Capital Expenditure | $55.70M | $30.00M | $16.00M | $21.30M | $31.00M | $27.70M |
| Acquisitions | - | - | - | $1.20M | $300.00K | - |
| Purchases of Investments | - | - | - | $2.74B | $3.38B | $3.38B |
| Investing Cash Flow | $-62.10M | $-31.80M | $-97.40M | $-69.60M | $-131.40M | $1.04B |
| Debt Repayment | $982.00M | $492.10M | $15.40M | $16.90M | $17.80M | $454.80M |
| Financing Cash Flow | $372.30M | $186.00M | $-18.10M | $-17.30M | $-21.60M | $5.10M |
| Net Change in Cash | $-33.60M | $31.10M | $-6.10M | $-6.00M | $-157.90M | $354.90M |
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 | $460.20M | - | $1.38B | - |
| Cost of Revenue | $343.00M | - | $1.02B | - |
| Operating Expenses | $493.70M | - | $1.37B | - |
| Research & Development | $4.80M | - | $16.50M | - |
| Selling General & Admin | $90.90M | - | $281.30M | - |
| Operating Income | $-33.50M | - | $1.90M | - |
| Interest Expense | $18.20M | - | $34.60M | - |
| Other Income/Expense | $-241.20M | - | $-280.20M | - |
| Income Before Tax | $-292.90M | - | $-312.90M | - |
| Income Tax Expense | $16.30M | - | $46.90M | - |
| Net Income | $-308.90M | $-12.50M | $-358.50M | - |
| Basic EPS | -4.33 | - | -5.06 | - |
| Diluted EPS | -4.33 | - | -5.06 | - |
Condensed Consolidated Balance Sheets
| Description | Sep 30, 2025 | Dec 31, 2024 |
|---|---|---|
| Cash & Cash Equivalents | $321.90M | $376.50M |
| Inventory | $18.20M | $16.40M |
| Other Current Assets | $105.90M | $103.20M |
| Total Current Assets | $865.60M | $979.30M |
| Property Plant & Equipment | $54.20M | $57.10M |
| Goodwill | $193.80M | $247.90M |
| Intangible Assets | $32.30M | $35.50M |
| Other Non-current Assets | $174.20M | $181.60M |
| Total Assets | $1.74B | $1.87B |
| Accounts Payable | $112.40M | $97.90M |
| Deferred Revenue | $185.30M | $210.40M |
| Other Current Liabilities | $255.00M | $314.70M |
| Total Current Liabilities | $564.40M | $628.00M |
| Long-term Debt | $723.20M | $488.20M |
| Other Non-current Liabilities | $82.50M | $71.30M |
| Common Stock | $800.00K | $800.00K |
| Retained Earnings | $-2.50B | $-2.14B |
| Total Stockholders Equity | $-300.20M | $-283.40M |
| Total Liabilities & Equity | $1.74B | $1.87B |
Condensed Consolidated Statements of Cash Flows
| Description | Sep 30, 2025 | Sep 30, 2025 | ||
|---|---|---|---|---|
| Current | Prior Year | Current YTD | Prior Year YTD | |
| Net Income | $-308.90M | $-12.50M | $-358.50M | - |
| Depreciation & Amortization | - | - | $17.60M | - |
| Stock-based Compensation | - | - | $12.20M | - |
| Deferred Income Tax | - | - | $4.40M | - |
| Change in Inventory | - | - | $1.30M | - |
| Operating Cash Flow | - | - | $-244.90M | - |
| Capital Expenditure | - | - | $22.40M | - |
| Investing Cash Flow | - | - | $-21.60M | - |
| Debt Repayment | - | - | $490.00M | - |
| Financing Cash Flow | - | - | $188.10M | - |
| Net Change in Cash | - | - | $-60.10M | - |
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.