$1.25B
Revenue
$-60.60M
Net Income
16.03%
Gross Margin
2.30%
Op. Margin
$153.30M
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 2021 (Dec 31, 2021) |
|---|---|---|---|---|---|---|
| Total Revenue | $1.25B | $1.25B | $1.11B | $1.42B | $1.64B | $1.21B |
| Revenue Growth % | 0.0% | 12.5% | -22.2% | -13.1% | 35.9% | nan% |
| Cost of Revenue | $1.05B | $1.05B | $898.30M | $1.21B | $1.42B | $1.02B |
| Gross Profit | $199.70M | $199.70M | $208.80M | $216.00M | $221.40M | $183.70M |
| Gross Margin % | 16.0% | 16.0% | 18.9% | 15.2% | 13.5% | 15.2% |
| Selling General & Admin | $153.10M | $153.10M | $160.20M | $168.00M | $180.10M | $168.30M |
| Operating Income | $28.70M | $28.70M | $40.00M | $26.50M | $13.40M | $-10.60M |
| Operating Margin % | 2.3% | 2.3% | 3.6% | 1.9% | 0.8% | -0.9% |
| Interest Expense | $30.00M | $30.00M | $48.60M | $68.20M | $52.00M | $59.10M |
| Interest Income | - | $700.00K | $2.60M | - | - | - |
| Other Income/Expense | $4.70M | $4.70M | $3.40M | $16.70M | $-1.20M | $4.30M |
| Income Before Tax | $-61.50M | $-61.50M | $-33.40M | $-34.40M | $-41.10M | $-80.70M |
| Income Tax Expense | $2.50M | $2.50M | $6.30M | $4.50M | $900.00K | $5.60M |
| Net Income | $-60.60M | $-60.60M | $-34.60M | $-35.20M | $-35.90M | $-227.50M |
| Net Margin % | -4.9% | -4.9% | -3.1% | -2.5% | -2.2% | -18.9% |
| Basic EPS | nan | -4.84 | -3.08 | -0.48 | -0.53 | -2.98 |
| Diluted EPS | nan | -4.84 | -3.08 | -0.48 | -0.53 | -2.98 |
| Basic Shares Outstanding | 42K | 13.2M | 10.7M | 78.1M | 77.5M | 77.1M |
| Diluted Shares Outstanding | 42K | 13.2M | 10.7M | 78.1M | 77.5M | 77.1M |
| Breakdown | FY 2025 (Dec 31, 2025) |
FY 2024 (Dec 31, 2024) |
FY 2023 (Dec 31, 2023) |
FY 2022 (Dec 31, 2022) |
FY 2021 (Dec 31, 2021) |
|---|---|---|---|---|---|
| Cash & Cash Equivalents | $112.10M | $48.80M | $80.80M | $80.40M | $45.50M |
| Accounts Receivable | $241.10M | $194.00M | $278.40M | $254.90M | $247.10M |
| Inventory | $16.00M | $20.80M | $22.40M | $18.90M | $17.00M |
| Other Current Assets | $18.20M | $21.00M | $14.60M | $16.80M | $10.90M |
| Total Current Assets | $451.50M | $390.90M | $517.90M | $536.40M | $442.60M |
| Goodwill | $127.00M | $126.70M | $127.10M | $127.10M | $127.40M |
| Intangible Assets | $165.20M | $172.40M | $178.90M | $190.10M | $208.40M |
| Other Non-current Assets | $60.80M | $62.30M | $61.30M | $71.90M | $73.30M |
| Total Assets | $950.10M | $891.10M | $1.04B | $1.15B | $1.08B |
| Accrued Liabilities | $122.50M | $109.70M | $70.80M | $65.40M | $93.40M |
| Deferred Revenue | $171.90M | $109.10M | $153.50M | $98.60M | $79.10M |
| Other Current Liabilities | $16.90M | $17.20M | $16.10M | $20.10M | $18.30M |
| Total Current Liabilities | $1.03B | $483.00M | $413.80M | $417.20M | $439.50M |
| Long-term Debt | $80.30M | $500.60M | - | - | - |
| Deferred Tax Liabilities | $4.70M | $4.40M | $4.10M | $9.10M | $9.10M |
| Other Non-current Liabilities | $46.30M | $46.80M | $82.70M | $71.20M | $63.30M |
| Total Liabilities | $1.17B | $1.03B | $1.18B | $1.18B | $1.07B |
| Common Stock | - | - | $100.00K | $100.00K | $100.00K |
| Retained Earnings | $-582.50M | $-521.90M | $-487.30M | $-452.10M | $-416.20M |
| Treasury Stock | - | - | - | - | $5.20M |
| Total Stockholders Equity | $-240.10M | $-180.40M | $-165.50M | $-121.30M | $-84.30M |
| Total Liabilities & Equity | $950.10M | $891.10M | $1.04B | $1.15B | $1.08B |
| 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 2021 (Dec 31, 2021) |
|---|---|---|---|---|---|---|
| Net Income | $-85.10M | $-60.60M | $-34.60M | $-35.20M | $-35.90M | $-227.50M |
| Depreciation & Amortization | $53.60M | $30.40M | $32.90M | $36.00M | $42.20M | $37.60M |
| Stock-based Compensation | $5.00M | $2.70M | $3.40M | $2.20M | $2.40M | $2.40M |
| Deferred Income Tax | $100.00K | $-100.00K | $500.00K | $-5.30M | $1.10M | $2.00M |
| Change in Receivables | $69.20M | $48.70M | $-91.80M | $25.70M | $5.50M | $38.30M |
| Change in Inventory | $-6.00M | $-4.80M | $-1.90M | $3.50M | $1.90M | $1.40M |
| Change in Payables | $71.30M | $57.10M | $-57.20M | $-60.20M | $21.70M | $57.90M |
| Operating Cash Flow | $158.80M | $146.60M | $9.10M | $26.50M | $-9.50M | $27.00M |
| Capital Expenditure | $5.50M | $500.00K | $19.00M | $18.40M | $20.70M | $24.10M |
| Purchases of Investments | $900.00K | $300.00K | $2.00M | - | - | - |
| Sales of Investments | - | - | - | - | - | - |
| Investing Cash Flow | $-36.70M | $-22.60M | $-13.90M | $39.10M | $-22.50M | $-223.20M |
| Debt Repayment | - | - | - | $37.10M | $28.30M | $458.10M |
| Dividends Paid | $3.60M | $2.20M | $1.20M | $2.20M | $5.20M | $2.90M |
| Financing Cash Flow | $-91.00M | $-61.20M | $-26.50M | $-65.30M | $68.10M | $4.30M |
| Net Change in Cash | $32.70M | $63.40M | $-33.00M | $100.00K | $34.70M | $2.20M |
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 | $347.10M | $242.20M | $863.30M | $870.50M |
| Cost of Revenue | $297.40M | $194.00M | $722.50M | $708.10M |
| Gross Profit | $49.70M | $48.20M | $140.80M | $162.40M |
| Selling General & Admin | $39.60M | $37.40M | $112.50M | $119.80M |
| Operating Income | $6.10M | $5.90M | $14.40M | $37.50M |
| Interest Expense | $23.40M | $21.20M | $65.00M | $54.90M |
| Other Income/Expense | $600.00K | $2.20M | $4.30M | $1.20M |
| Income Before Tax | $-16.70M | $-13.10M | $-52.20M | $-18.50M |
| Income Tax Expense | $-7.10M | $3.10M | $4.20M | $3.90M |
| Net Income | $-8.90M | $-15.00M | $-53.20M | $-18.00M |
| Basic EPS | -0.71 | -1.18 | -4.27 | -1.69 |
| Diluted EPS | -0.71 | -1.18 | -4.27 | -1.69 |
| Basic Shares Outstanding | $13.26M | $12.97M | $13.18M | $9.93M |
| Diluted Shares Outstanding | $13.26M | $12.97M | $13.18M | $9.93M |
Condensed Consolidated Balance Sheets
| Description | Sep 30, 2025 | Dec 31, 2024 |
|---|---|---|
| Cash & Cash Equivalents | $35.50M | $48.80M |
| Accounts Receivable | $265.60M | $194.00M |
| Inventory | $18.10M | $20.80M |
| Other Current Assets | $20.60M | $21.00M |
| Total Current Assets | $420.60M | $390.90M |
| Goodwill | $126.90M | $126.70M |
| Intangible Assets | $167.00M | $172.40M |
| Other Non-current Assets | $60.90M | $62.30M |
| Total Assets | $913.20M | $891.10M |
| Accrued Liabilities | $110.10M | $109.70M |
| Deferred Revenue | $175.50M | $109.10M |
| Other Current Liabilities | $17.00M | $17.20M |
| Total Current Liabilities | $974.30M | $483.00M |
| Deferred Tax Liabilities | $4.30M | $4.40M |
| Other Non-current Liabilities | $45.00M | $46.80M |
| Total Liabilities | $1.12B | $1.03B |
| Common Stock | - | - |
| Retained Earnings | $-575.10M | $-521.90M |
| Total Stockholders Equity | $-233.30M | $-180.40M |
| Total Liabilities & Equity | $913.20M | $891.10M |
Condensed Consolidated Statements of Cash Flows
| Description | Sep 30, 2025 | Sep 30, 2025 | ||
|---|---|---|---|---|
| Current | Prior Year | Current YTD | Prior Year YTD | |
| Net Income | $-8.90M | $-15.00M | $-53.20M | $-18.00M |
| Depreciation & Amortization | $4.30M | $4.40M | $22.80M | $24.80M |
| Stock-based Compensation | - | - | $2.20M | $1.10M |
| Deferred Income Tax | - | - | $-100.00K | $200.00K |
| Change in Receivables | - | - | $72.70M | $-93.50M |
| Change in Inventory | - | - | $-2.70M | $-1.40M |
| Change in Payables | - | - | $14.60M | $-58.90M |
| Operating Cash Flow | - | - | $45.50M | $-32.30M |
| Capital Expenditure | - | - | $500.00K | $300.00K |
| Purchases of Investments | - | - | $300.00K | - |
| Investing Cash Flow | - | - | $-15.10M | $-4.00M |
| Dividends Paid | - | - | $1.50M | $900.00K |
| Financing Cash Flow | - | - | $-44.10M | $6.40M |
| Net Change in Cash | - | - | $-13.20M | $-29.80M |
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.