$1.63B
Revenue
$-440.40M
Net Income
-20.08%
Gross Margin
15.84%
Op. Margin
$-55.17M
Free Cash Flow
| Breakdown | Q4 2025 (Dec 31, 2025) |
Q3 2025 (Sep 30, 2025) |
Q2 2025 (Jun 30, 2025) |
Q1 2025 (Mar 31, 2025) |
Q4 2024 (Dec 31, 2024) |
Q3 2024 (Sep 30, 2024) |
Q2 2024 (Jun 30, 2024) |
Q1 2024 (Mar 31, 2024) |
Q4 2023 (Dec 31, 2023) |
Q3 2023 (Sep 30, 2023) |
Q2 2023 (Jun 30, 2023) |
Q1 2023 (Mar 31, 2023) |
Q4 2022 (Dec 31, 2022) |
Q3 2022 (Sep 30, 2022) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | $440.75M | $414.00M | $377.35M | $398.31M | $725.55M | $714.30M | $756.26M | $770.11M | $774.10M | $807.62M | $804.66M | $790.61M | $714.04M | $721.25M |
| Revenue Growth % (YoY) | -39.3% | -42.0% | -50.1% | -48.3% | -6.3% | -11.6% | -6.0% | -2.6% | 8.4% | 12.0% | nan% | nan% | nan% | nan% |
| Cost of Revenue | $506.16M | $492.73M | $423.94M | $534.91M | $1.76B | $567.20M | $601.38M | $609.27M | $620.79M | $610.77M | $616.52M | $653.52M | $529.52M | $555.17M |
| Gross Profit | $-65.41M | $-78.73M | $-46.59M | $-136.60M | $-1.03B | $147.10M | $154.88M | $160.84M | $153.31M | $196.84M | $188.14M | $137.09M | $184.51M | $166.08M |
| Gross Margin % | -14.8% | -19.0% | -12.3% | -34.3% | -142.5% | 20.6% | 20.5% | 20.9% | 19.8% | 24.4% | 23.4% | 17.3% | 25.8% | 23.0% |
| Operating Expenses | $350.84M | $335.41M | $309.63M | $376.34M | $693.45M | $664.08M | $697.54M | $698.05M | $708.54M | $695.92M | $701.88M | $741.23M | $622.38M | $646.15M |
| Operating Income | $89.91M | $78.59M | $67.72M | $21.97M | $32.10M | $50.22M | $58.72M | $72.06M | $65.56M | $111.69M | $102.78M | $49.38M | $91.66M | $75.09M |
| Operating Margin % | 20.4% | 19.0% | 17.9% | 5.5% | 4.4% | 7.0% | 7.8% | 9.4% | 8.5% | 13.8% | 12.8% | 6.2% | 12.8% | 10.4% |
| Other Income/Expense | - | - | $-8.94M | $-844.00K | $-13.94M | - | $-1.43M | - | $-2.81M | - | $-4.00K | $-1.81M | - | $-21.39M |
| Income Before Tax | $34.34M | $23.03M | $10.36M | $-36.42M | $-57.26M | $-10.13M | $-1.36M | $19.77M | $-79.96M | $67.36M | $55.97M | $4.27M | - | $9.23M |
| Income Tax Expense | $64.00K | $253.00K | $345.00K | $144.00K | $1.81M | $-846.00K | $22.00K | $809.00K | $-1.77M | $574.00K | $290.00K | $884.00K | $1.63M | $660.00K |
| Net Income | $19.87M | $9.21M | $-406.00K | $-469.07M | $-49.38M | $-17.18M | $-8.74M | $11.35M | $11.95M | $58.07M | $49.34M | $-1.64M | $41.98M | $3.38M |
| Net Margin % | 4.5% | 2.2% | -0.1% | -117.8% | -6.8% | -2.4% | -1.2% | 1.5% | 1.5% | 7.2% | 6.1% | -0.2% | 5.9% | 0.5% |
| Basic EPS | 0.04 | -0.05 | -0.12 | -4.06 | -0.58 | -0.32 | -0.25 | -0.09 | -0.08 | 0.29 | 0.22 | -0.21 | 0.14 | -0.12 |
| Diluted EPS | 0.04 | -0.05 | -0.12 | -4.06 | -0.58 | -0.32 | -0.25 | -0.09 | -0.08 | 0.29 | 0.22 | -0.21 | 0.14 | -0.12 |
| Basic Shares Outstanding | - | 122.5M | 122.5M | 122.5M | - | 122.5M | 122.5M | 122.5M | -24K | 122.5M | 122.6M | 122.6M | - | 122.6M |
| Diluted Shares Outstanding | - | 122.5M | 122.5M | 122.5M | - | 122.5M | 122.5M | 122.5M | -24K | 122.5M | 122.6M | 122.6M | - | 122.6M |
| Breakdown | Q4 2025 (Dec 31, 2025) |
Q3 2025 (Sep 30, 2025) |
Q2 2025 (Jun 30, 2025) |
Q1 2025 (Mar 31, 2025) |
Q4 2024 (Dec 31, 2024) |
Q3 2024 (Sep 30, 2024) |
Q2 2024 (Jun 30, 2024) |
Q1 2024 (Mar 31, 2024) |
Q4 2023 (Dec 31, 2023) |
Q3 2023 (Sep 30, 2023) |
Q2 2023 (Jun 30, 2023) |
Q1 2023 (Mar 31, 2023) |
Q4 2022 (Dec 31, 2022) |
Q3 2022 (Sep 30, 2022) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Cash Equivalents | $6.44M | $4.92M | $4.45M | $377.36M | $10.75M | $12.96M | $13.70M | $7.05M | $9.23M | $21.10M | $11.51M | $18.09M | $7.93M | $5.85M |
| Accounts Receivable | $608.22M | $577.49M | $499.59M | $498.18M | $740.58M | $745.61M | $687.99M | $668.74M | $759.55M | $871.30M | $774.09M | $748.54M | $721.57M | $575.93M |
| Inventory | $55.37M | $49.24M | $58.18M | $38.07M | $110.74M | $110.69M | $106.33M | $126.64M | $135.23M | $126.95M | $117.85M | $121.33M | $78.14M | $92.91M |
| Other Current Assets | $17.44M | $20.34M | $25.08M | $23.73M | $30.86M | $37.29M | $38.80M | $49.61M | $41.23M | $53.40M | $43.45M | $46.12M | $26.77M | $33.11M |
| Total Current Assets | $687.47M | $651.98M | $587.31M | $937.33M | $911.73M | $925.35M | $865.62M | $879.85M | $964.05M | $1.09B | $965.69M | $952.79M | $853.05M | $726.43M |
| Property Plant & Equipment | $3.47B | $3.50B | $3.53B | $3.54B | $4.67B | $4.63B | $4.58B | $4.55B | $4.53B | $4.32B | $4.18B | $4.12B | $4.10B | $4.02B |
| Goodwill | $301.96M | $301.96M | $301.96M | $301.96M | $301.96M | $301.96M | $301.96M | $301.96M | $301.96M | $301.96M | $301.96M | $301.96M | $301.96M | $301.96M |
| Intangible Assets | $75.61M | $77.98M | $80.45M | $82.92M | $97.28M | $142.07M | $141.75M | $141.62M | $141.54M | $141.70M | $138.28M | $127.46M | $127.32M | $127.20M |
| Other Non-current Assets | $54.05M | $55.08M | $55.91M | $54.98M | $55.10M | $49.19M | $44.96M | $39.35M | $38.24M | $38.66M | $39.44M | $50.60M | $32.21M | $33.74M |
| Total Assets | $4.86B | $4.87B | $4.84B | $5.21B | $7.04B | $7.06B | $6.95B | $6.95B | $7.02B | $6.94B | $6.67B | $6.59B | $6.37B | $6.17B |
| Accounts Payable | $490.71M | $448.70M | $414.44M | $401.88M | $491.07M | $538.98M | $418.67M | $473.26M | $588.92M | $660.58M | $524.27M | $518.82M | $427.96M | $378.37M |
| Accrued Liabilities | $208.98M | $224.55M | $207.47M | $231.09M | $367.69M | $358.06M | $375.25M | $361.82M | $378.52M | $363.14M | $333.71M | $286.42M | $281.15M | $266.95M |
| Deferred Revenue | $26.98M | - | - | - | $41.62M | - | - | - | - | - | - | - | - | - |
| Total Current Liabilities | $699.69M | $673.25M | $621.90M | $632.97M | $858.75M | $897.03M | $793.92M | $835.08M | $967.45M | $1.02B | $857.98M | $805.25M | $709.11M | $645.32M |
| Long-term Debt | $3.05B | - | - | - | $3.73B | - | - | - | - | - | - | - | - | - |
| Deferred Tax Liabilities | $17.41M | $16.72M | $16.76M | $16.72M | $17.80M | $16.32M | $17.50M | $18.02M | $17.51M | $17.58M | $17.20M | $17.07M | $16.65M | $15.31M |
| Other Non-current Liabilities | $388.71M | $374.83M | $374.95M | $382.93M | $538.20M | $541.87M | $557.86M | $567.09M | $570.20M | $541.37M | $516.14M | $490.86M | $400.62M | $373.40M |
| Total Liabilities | $4.15B | $4.16B | $4.12B | $4.47B | $5.52B | $5.46B | $5.31B | $5.26B | $5.31B | $5.19B | $4.93B | $4.85B | $4.59B | $4.41B |
| Total Liabilities & Equity | $4.86B | $4.87B | $4.84B | $5.21B | $7.04B | $7.06B | $6.95B | $6.95B | $7.02B | $6.94B | $6.67B | $6.59B | $6.37B | $6.17B |
| Breakdown | Q4 2025 (Dec 31, 2025) |
Q3 2025 (Sep 30, 2025) |
Q2 2025 (Jun 30, 2025) |
Q1 2025 (Mar 31, 2025) |
Q4 2024 (Dec 31, 2024) |
Q3 2024 (Sep 30, 2024) |
Q2 2024 (Jun 30, 2024) |
Q1 2024 (Mar 31, 2024) |
Q4 2023 (Dec 31, 2023) |
Q3 2023 (Sep 30, 2023) |
Q2 2023 (Jun 30, 2023) |
Q1 2023 (Mar 31, 2023) |
Q4 2022 (Dec 31, 2022) |
Q3 2022 (Sep 30, 2022) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $19.87M | $9.21M | $-406.00K | $-469.07M | $-49.38M | $-17.18M | $2.61M | $11.35M | $11.95M | $58.07M | $47.70M | $-1.64M | $41.98M | $3.38M |
| Depreciation & Amortization | $62.93M | $188.01M | $130.94M | $75.03M | $79.94M | $81.84M | $151.38M | $73.77M | $70.22M | $209.97M | $141.59M | $73.16M | $79.08M | $217.12M |
| Stock-based Compensation | $5.37M | $9.88M | $5.64M | $2.48M | $-2.89M | $8.12M | $9.79M | $4.32M | $10.14M | $15.24M | $9.66M | $4.63M | $6.97M | $10.84M |
| Deferred Income Tax | $688.00K | $-115.00K | $-68.00K | $-113.00K | $1.94M | $-1.19M | $-13.00K | $509.00K | $-1.30M | $925.00K | $551.00K | $420.00K | - | $1.01M |
| Change in Working Capital | $-1.19M | $90.38M | $70.06M | $32.37M | $28.69M | $-59.75M | $-49.23M | $-28.47M | $-570.00K | $-3.60M | $-957.00K | $17.65M | $39.24M | $48.58M |
| Operating Cash Flow | $110.78M | $142.04M | $71.79M | $24.80M | $73.97M | $317.97M | $230.64M | $125.92M | $124.76M | $396.36M | $255.32M | $97.66M | $81.80M | $252.59M |
| Capital Expenditure | $23.78M | $163.11M | $136.14M | $81.57M | $121.06M | $466.09M | $346.44M | $174.17M | $224.25M | $395.77M | $247.36M | $131.62M | $120.41M | $303.79M |
| Investing Cash Flow | $-19.56M | $851.85M | $873.14M | $921.34M | $-115.78M | $-436.39M | $-324.05M | $-166.71M | $-217.66M | $-375.99M | $-231.72M | $-121.86M | $-120.31M | $-254.21M |
| Stock Repurchased | - | - | - | - | - | - | - | - | - | $1.04M | - | - | - | - |
| Financing Cash Flow | $-89.70M | $-1.02B | $-970.03M | $-598.34M | $39.59M | $122.15M | $97.86M | $47.60M | $81.03M | $-7.03M | $-19.85M | $34.44M | $40.59M | $1.11M |
| Net Change in Cash | $1.52M | $-24.64M | $-25.10M | $347.81M | $-2.22M | $3.73M | $4.46M | $6.81M | $-11.87M | $13.34M | $3.74M | $10.24M | $2.08M | $-507.00K |
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 | $414.00M | $397.29M | $1.19B | $1.26B |
| Operating Expenses | $335.41M | $348.71M | $1.02B | $1.11B |
| Operating Income | $78.59M | $48.58M | $168.28M | $156.41M |
| Other Income/Expense | - | - | $-9.78M | $-1.43M |
| Income Before Tax | $23.03M | $-5.45M | $-3.03M | $2.73M |
| Income Tax Expense | $253.00K | $-879.00K | $742.00K | $-81.00K |
| Net Income | $9.21M | $-17.18M | $-460.27M | $-14.57M |
| Basic EPS | -0.05 | -0.32 | -4.23 | -0.66 |
| Diluted EPS | -0.05 | -0.32 | -4.23 | -0.66 |
| Basic Shares Outstanding | $122.46M | $122.46M | $122.46M | $122.46M |
| Diluted Shares Outstanding | $122.46M | $122.46M | $122.46M | $122.46M |
Condensed Consolidated Balance Sheets
| Description | Sep 30, 2025 | Dec 31, 2024 |
|---|---|---|
| Cash & Cash Equivalents | $4.92M | $7.35M |
| Accounts Receivable | $577.49M | $479.50M |
| Inventory | $49.24M | $37.78M |
| Other Current Assets | $20.34M | $18.79M |
| Total Current Assets | $651.98M | $911.73M |
| Property Plant & Equipment | $3.50B | $3.54B |
| Goodwill | $301.96M | $301.96M |
| Intangible Assets | $77.98M | $85.29M |
| Other Non-current Assets | $55.08M | $53.61M |
| Total Assets | $4.87B | $7.04B |
| Accounts Payable | $448.70M | $388.25M |
| Accrued Liabilities | $224.55M | $254.20M |
| Total Current Liabilities | $673.25M | $858.75M |
| Deferred Tax Liabilities | $16.72M | $16.57M |
| Other Non-current Liabilities | $374.83M | $389.16M |
| Total Liabilities | $4.16B | $5.52B |
| Total Liabilities & Equity | $4.87B | $7.04B |
Condensed Consolidated Statements of Cash Flows
| Description | Sep 30, 2025 | Sep 30, 2025 | ||
|---|---|---|---|---|
| Current | Prior Year | Current YTD | Prior Year YTD | |
| Net Income | $9.21M | $-17.18M | $-460.27M | $-14.57M |
| Depreciation & Amortization | - | - | $188.01M | $233.22M |
| Stock-based Compensation | - | - | $9.88M | $8.12M |
| Deferred Income Tax | - | - | $-115.00K | $-1.19M |
| Change in Working Capital | - | - | $90.38M | $-59.75M |
| Operating Cash Flow | - | - | $142.04M | $317.97M |
| Capital Expenditure | - | - | $163.11M | $466.09M |
| Investing Cash Flow | - | - | $851.85M | $-436.39M |
| Financing Cash Flow | - | - | $-1.02B | $122.15M |
| Net Change in Cash | - | - | $-24.64M | $3.73M |
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.