$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) |
FY 2020 (Dec 31, 2020) |
FY 2019 (Dec 31, 2019) |
FY 2018 (Dec 31, 2018) |
FY 2017 (Dec 31, 2017) |
FY 2016 (Dec 31, 2016) |
FY 2015 (Dec 31, 2015) |
FY 2013 (Dec 31, 2013) |
FY 2012 (Dec 31, 2012) |
FY 2011 (Dec 31, 2011) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | $1.25B | $1.25B | $1.11B | $1.42B | $1.64B | $1.21B | $1.01B | $1.98B | $1.98B | $1.63B | $1.56B | $1.12B | $230.69M | $260.55M | $291.39M |
| Revenue Growth % | 0.0% | 12.5% | -22.2% | -13.1% | 35.9% | 19.8% | -49.3% | 0.4% | 21.0% | 4.9% | 39.0% | 385.9% | -11.5% | -10.6% | nan% |
| Cost of Revenue | $1.05B | $1.05B | $898.30M | $1.21B | $1.42B | $1.02B | $588.50M | $1.42B | $1.59B | $1.31B | $1.25B | $982.62M | $220.31M | $125.26M | $143.35M |
| Gross Profit | $199.70M | $199.70M | $208.80M | $216.00M | $221.40M | $183.70M | $128.40M | - | - | - | - | - | - | - | - |
| Gross Margin % | 16.0% | 16.0% | 18.9% | 15.2% | 13.5% | 15.2% | 12.8% | nan% | nan% | nan% | nan% | nan% | nan% | nan% | nan% |
| Operating Expenses | - | - | - | - | - | - | $1.01B | $1.96B | $2.03B | $1.64B | $1.56B | $1.12B | $269.82M | $269.22M | $276.48M |
| Selling General & Admin | $153.10M | $153.10M | $160.20M | $168.00M | $180.10M | $168.30M | $181.10M | $214.30M | $218.40M | $182.88M | $152.89M | $108.53M | $34.69M | $102.76M | $110.71M |
| Operating Income | $28.70M | $28.70M | $40.00M | $26.50M | $13.40M | $-10.60M | $-4.10M | $29.10M | $-55.80M | $-1.13M | $-1.42M | $2.23M | $-39.14M | $-8.66M | $14.90M |
| Operating Margin % | 2.3% | 2.3% | 3.6% | 1.9% | 0.8% | -0.9% | -0.4% | 1.5% | -2.8% | -0.1% | -0.1% | 0.2% | -17.0% | -3.3% | 5.1% |
| Interest Expense | $30.00M | $30.00M | $48.60M | $68.20M | $52.00M | $59.10M | $79.40M | $95.10M | $75.70M | $55.10M | $43.38M | $39.02M | $8.00K | $23.93M | $30.81M |
| Interest Income | - | $700.00K | $2.60M | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Income/Expense | $4.70M | $4.70M | $3.40M | $16.70M | $-1.20M | $4.30M | $68.50M | $6.00M | $78.70M | $-12.77M | $-2.84M | $-6.82M | $-814.00K | - | - |
| Income Before Tax | $-61.50M | $-61.50M | $-33.40M | $-34.40M | $-41.10M | $-80.70M | $-27.80M | $-56.70M | $182.30M | $-39.75M | $-45.79M | $-46.62M | $-25.05M | $-48.00M | $-42.49M |
| Income Tax Expense | $2.50M | $2.50M | $6.30M | $4.50M | $900.00K | $5.60M | $10.50M | $-20.60M | $2.40M | $10.74M | $51.64M | $-10.88M | $-7.44M | $-4.52M | $1.28M |
| Net Income | $-60.60M | $-60.60M | $-34.60M | $-35.20M | $-35.90M | $-227.50M | $-92.00M | $-31.50M | $162.00M | $-46.91M | $-94.55M | $-35.56M | $111.61M | $27.89M | $-38.73M |
| Net Margin % | -4.9% | -4.9% | -3.1% | -2.5% | -2.2% | -18.9% | -9.1% | -1.6% | 8.2% | -2.9% | -6.1% | -3.2% | 48.4% | 10.7% | -13.3% |
| Basic EPS | nan | -4.84 | -3.08 | -0.48 | -0.53 | -2.98 | -1.88 | -0.70 | nan | nan | -2.83 | -1.50 | 7.95 | 2.02 | -2.98 |
| Diluted EPS | nan | -4.84 | -3.08 | -0.48 | -0.53 | -2.98 | -1.88 | -0.70 | nan | nan | -2.83 | -1.50 | 7.95 | 2.02 | -2.98 |
| Basic Shares Outstanding | 42K | 13.2M | 10.7M | 78.1M | 77.5M | 77.1M | 50.3M | 44.8M | 44.3M | 42.8M | 37.3M | 26.5M | 14.0M | 13.8M | 13.0M |
| Diluted Shares Outstanding | 42K | 13.2M | 10.7M | 78.1M | 77.5M | 77.1M | 50.7M | 44.8M | 46.8M | 42.8M | 37.3M | 26.5M | 14.0M | 13.8M | 13.0M |
| 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) |
FY 2020 (Dec 31, 2020) |
FY 2019 (Dec 31, 2019) |
FY 2018 (Dec 31, 2018) |
FY 2017 (Dec 31, 2017) |
FY 2016 (Dec 31, 2016) |
FY 2015 (Dec 31, 2015) |
FY 2013 (Dec 31, 2013) |
FY 2012 (Dec 31, 2012) |
FY 2011 (Dec 31, 2011) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Cash Equivalents | $112.10M | $48.80M | $80.80M | $80.40M | $45.50M | $232.30M | $239.00M | $325.00M | $97.89M | $115.37M | $158.62M | $9.00M | $23.20M | $41.05M |
| Accounts Receivable | $241.10M | $194.00M | $278.40M | $254.90M | $247.10M | $184.70M | $337.80M | $379.20M | $322.45M | $267.60M | $210.85M | $18.98M | $17.87M | $81.61M |
| Inventory | $16.00M | $20.80M | $22.40M | $18.90M | $17.00M | $9.90M | - | - | - | $9.65M | $12.12M | - | - | - |
| Other Current Assets | $18.20M | $21.00M | $14.60M | $16.80M | $10.90M | $8.70M | - | - | - | - | - | $40.59M | $5.79M | $15.54M |
| Total Current Assets | $451.50M | $390.90M | $517.90M | $536.40M | $442.60M | $6.23B | - | - | - | - | - | $74.90M | $86.93M | $138.20M |
| Property Plant & Equipment | - | - | - | - | - | - | $405.80M | $376.30M | $374.66M | $286.46M | $214.47M | $2.96M | $65.31M | $152.18M |
| Goodwill | $127.00M | $126.70M | $127.10M | $127.10M | $127.40M | $111.00M | $126.80M | $171.70M | $131.74M | $98.09M | $61.18M | $3.38M | $60.74M | $71.90M |
| Intangible Assets | $165.20M | $172.40M | $178.90M | $190.10M | $208.40M | $174.60M | $227.00M | $219.20M | $117.11M | $39.72M | $29.41M | - | - | - |
| Other Non-current Assets | $60.80M | $62.30M | $61.30M | $71.90M | $73.30M | $172.40M | $256.50M | $208.10M | $102.26M | $33.02M | $65.21M | $6.44M | $24.33M | $33.97M |
| Total Assets | $950.10M | $891.10M | $1.04B | $1.15B | $1.08B | $6.74B | $6.96B | $6.50B | $3.22B | $2.84B | $2.74B | $87.68M | $301.19M | $543.82M |
| Accounts Payable | - | - | - | - | - | - | - | - | - | - | - | $6.96M | $12.22M | $46.63M |
| Accrued Liabilities | $122.50M | $109.70M | $70.80M | $65.40M | $93.40M | $77.10M | - | - | - | - | - | - | - | - |
| Deferred Revenue | $171.90M | $109.10M | $153.50M | $98.60M | $79.10M | $33.20M | - | - | - | - | - | - | - | - |
| Other Current Liabilities | $16.90M | $17.20M | $16.10M | $20.10M | $18.30M | $12.90M | - | - | - | - | - | - | - | - |
| Total Current Liabilities | $1.03B | $483.00M | $413.80M | $417.20M | $439.50M | $5.93B | - | - | - | - | - | $31.70M | $78.42M | $145.83M |
| Long-term Debt | $80.30M | $500.60M | - | - | - | - | - | - | - | - | - | - | $127.05M | $245.81M |
| Deferred Tax Liabilities | $4.70M | $4.40M | $4.10M | $9.10M | $9.10M | $142.30M | $83.70M | $30.30M | $10.74M | $15.30M | - | - | - | - |
| Other Non-current Liabilities | $46.30M | $46.80M | $82.70M | $71.20M | $63.30M | $116.00M | $205.90M | $110.80M | $70.17M | $27.40M | $17.79M | $1.57M | $947.00K | $2.97M |
| Total Liabilities | $1.17B | $1.03B | $1.18B | $1.18B | $1.07B | $6.13B | $6.49B | $6.28B | $3.00B | $2.74B | $2.57B | $33.27M | $232.69M | $442.12M |
| Common Stock | - | - | $100.00K | $100.00K | $100.00K | $100.00K | - | - | $44.00K | $42.00K | $35.00K | $14.00K | $14.00K | $14.00K |
| Retained Earnings | $-582.50M | $-521.90M | $-487.30M | $-452.10M | $-416.20M | $-188.70M | $-96.70M | $-57.20M | $-221.19M | $-174.28M | $-79.73M | $-29.77M | $-23.20M | $-51.09M |
| Treasury Stock | - | - | - | - | $5.20M | $4.20M | $3.30M | $2.60M | $2.06M | $1.39M | $378.00K | $378.00K | $378.00K | $378.00K |
| Total Stockholders Equity | $-240.10M | $-180.40M | $-165.50M | $-121.30M | $-84.30M | $559.80M | $349.80M | $88.10M | $73.17M | $44.22M | $94.03M | $54.41M | $68.50M | $93.76M |
| Total Liabilities & Equity | $950.10M | $891.10M | $1.04B | $1.15B | $1.08B | $6.74B | $6.96B | $6.50B | $3.22B | $2.84B | $2.74B | $87.68M | $301.19M | $543.82M |
| 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) |
FY 2020 (Dec 31, 2020) |
FY 2019 (Dec 31, 2019) |
FY 2018 (Dec 31, 2018) |
FY 2017 (Dec 31, 2017) |
FY 2016 (Dec 31, 2016) |
FY 2015 (Dec 31, 2015) |
FY 2013 (Dec 31, 2013) |
FY 2012 (Dec 31, 2012) |
FY 2011 (Dec 31, 2011) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $-85.10M | $-60.60M | $-34.60M | $-35.20M | $-35.90M | $-227.50M | $-92.00M | $-31.50M | $162.00M | $-46.91M | $-94.55M | $-35.56M | $111.61M | $27.89M | $-38.73M |
| Depreciation & Amortization | $53.60M | $30.40M | $32.90M | $36.00M | $42.20M | $37.60M | $5.90M | $41.10M | $38.70M | $36.57M | $28.86M | $30.94M | $23.96M | $43.24M | $65.15M |
| Stock-based Compensation | $5.00M | $2.70M | $3.40M | $2.20M | $2.40M | $2.40M | $2.90M | $7.80M | $9.00M | $5.24M | $8.35M | $11.10M | $2.29M | $5.19M | $5.22M |
| Deferred Income Tax | $100.00K | $-100.00K | $500.00K | $-5.30M | $1.10M | $2.00M | $8.10M | $-28.10M | $-2.60M | $-10.45M | $27.14M | $-13.10M | $-522.00K | $119.00K | $-1.76M |
| Change in Receivables | $69.20M | $48.70M | $-91.80M | $25.70M | $5.50M | $38.30M | $-43.00M | $-52.40M | $30.20M | $47.07M | $55.91M | $60.72M | $2.89M | $-16.37M | $540.00K |
| Change in Inventory | $-6.00M | $-4.80M | $-1.90M | $3.50M | $1.90M | $1.40M | - | - | - | - | $-2.22M | $-2.61M | $-644.00K | - | - |
| Change in Payables | $71.30M | $57.10M | $-57.20M | $-60.20M | $21.70M | $57.90M | $1.30M | $-29.60M | $6.60M | $54.37M | $11.90M | $36.22M | $-12.86M | $-8.39M | $-9.75M |
| Operating Cash Flow | $158.80M | $146.60M | $9.10M | $26.50M | $-9.50M | $27.00M | $41.70M | $110.50M | $341.40M | $6.14M | $79.15M | $-32.56M | $-20.32M | $23.57M | $42.93M |
| Capital Expenditure | $5.50M | $500.00K | $19.00M | $18.40M | $20.70M | $24.10M | $17.80M | $41.40M | $39.70M | $31.93M | $29.05M | $21.32M | $12.58M | $31.75M | $31.53M |
| Acquisitions | - | - | - | - | - | - | - | - | - | $57.83M | $66.35M | $-39.73M | $397.00K | $1.71M | $-9.50M |
| Purchases of Investments | $900.00K | $300.00K | $2.00M | - | - | - | $997.10M | $1.06B | $1.18B | $341.86M | $239.94M | $54.60M | - | - | - |
| Sales of Investments | - | - | - | - | - | - | $822.10M | $748.70M | $248.80M | - | - | - | - | - | - |
| Investing Cash Flow | $-36.70M | $-22.60M | $-13.90M | $39.10M | $-22.50M | $-223.20M | $162.30M | $-263.70M | $-224.60M | $-139.25M | $-140.22M | $-14.74M | $258.14M | $149.74M | $-2.33M |
| Debt Repayment | - | - | - | $37.10M | $28.30M | $458.10M | $181.80M | $44.50M | $697.00M | $51.60M | $22.25M | $528.68M | $128.04M | $120.76M | $44.97M |
| Stock Issued | - | - | - | - | - | - | - | - | - | - | - | $53.98M | $1.16M | $124.00K | $1.11M |
| Stock Repurchased | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $378.00K |
| Dividends Paid | $3.60M | $2.20M | $1.20M | $2.20M | $5.20M | $2.90M | - | - | $500.00K | $500.00K | $1.32M | $1.00M | $119.79M | $55.39M | - |
| Financing Cash Flow | $-91.00M | $-61.20M | $-26.50M | $-65.30M | $68.10M | $4.30M | $-204.60M | $62.40M | $115.20M | $115.34M | $18.79M | $103.17M | $-250.10M | $-191.14M | $-38.76M |
| Net Change in Cash | $32.70M | $63.40M | $-33.00M | $100.00K | $34.70M | $2.20M | $38.70M | $-89.80M | $231.50M | $-17.00M | $-43.30M | $50.65M | $-14.20M | $-17.86M | $-482.00K |
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.