$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) |
|---|---|---|---|---|---|---|---|
| Total Revenue | $440.75M | $414.00M | $377.35M | $398.31M | $725.55M | $714.30M | $756.26M |
| Revenue Growth % (YoY) | -39.3% | -42.0% | -50.1% | nan% | nan% | nan% | nan% |
| Cost of Revenue | $506.16M | $492.73M | $423.94M | $534.91M | $1.76B | $567.20M | $601.38M |
| Gross Profit | $-65.41M | $-78.73M | $-46.59M | $-136.60M | $-1.03B | $147.10M | $154.88M |
| Gross Margin % | -14.8% | -19.0% | -12.3% | -34.3% | -142.5% | 20.6% | 20.5% |
| Operating Expenses | $350.84M | $335.41M | $309.63M | $376.34M | $693.45M | $664.08M | $697.54M |
| Operating Income | $89.91M | $78.59M | $67.72M | $21.97M | $32.10M | $50.22M | $58.72M |
| Operating Margin % | 20.4% | 19.0% | 17.9% | 5.5% | 4.4% | 7.0% | 7.8% |
| Other Income/Expense | - | - | $-8.94M | $-844.00K | $-13.94M | - | $-1.43M |
| Income Before Tax | $34.34M | $23.03M | $10.36M | $-36.42M | $-57.26M | $-10.13M | $-1.36M |
| Income Tax Expense | $64.00K | $253.00K | $345.00K | $144.00K | $1.81M | $-846.00K | $22.00K |
| Net Income | $19.87M | $9.21M | $-406.00K | $-469.07M | $-49.38M | $-17.18M | $-8.74M |
| Net Margin % | 4.5% | 2.2% | -0.1% | -117.8% | -6.8% | -2.4% | -1.2% |
| Basic EPS | 0.04 | -0.05 | -0.12 | -4.06 | -0.58 | -0.32 | -0.25 |
| Diluted EPS | 0.04 | -0.05 | -0.12 | -4.06 | -0.58 | -0.32 | -0.25 |
| Basic Shares Outstanding | - | 122.5M | 122.5M | 122.5M | - | 122.5M | 122.5M |
| Diluted Shares Outstanding | - | 122.5M | 122.5M | 122.5M | - | 122.5M | 122.5M |
| 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) |
|---|---|---|---|---|---|---|---|
| Cash & Cash Equivalents | $6.44M | $4.92M | $4.45M | $377.36M | $10.75M | $12.96M | $13.70M |
| Accounts Receivable | $608.22M | $577.49M | $499.59M | $498.18M | $740.58M | $745.61M | $687.99M |
| Inventory | $55.37M | $49.24M | $58.18M | $38.07M | $110.74M | $110.69M | $106.33M |
| Other Current Assets | $17.44M | $20.34M | $25.08M | $23.73M | $30.86M | $37.29M | $38.80M |
| Total Current Assets | $687.47M | $651.98M | $587.31M | $937.33M | $911.73M | $925.35M | $865.62M |
| Property Plant & Equipment | $3.47B | $3.50B | $3.53B | $3.54B | $4.67B | $4.63B | $4.58B |
| Goodwill | $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 |
| Other Non-current Assets | $54.05M | $55.08M | $55.91M | $54.98M | $55.10M | $49.19M | $44.96M |
| Total Assets | $4.86B | $4.87B | $4.84B | $5.21B | $7.04B | $7.06B | $6.95B |
| Accounts Payable | $490.71M | $448.70M | $414.44M | $401.88M | $491.07M | $538.98M | $418.67M |
| Accrued Liabilities | $208.98M | $224.55M | $207.47M | $231.09M | $367.69M | $358.06M | $375.25M |
| Deferred Revenue | $26.98M | - | - | - | $41.62M | - | - |
| Total Current Liabilities | $699.69M | $673.25M | $621.90M | $632.97M | $858.75M | $897.03M | $793.92M |
| Long-term Debt | $3.05B | - | - | - | $3.73B | - | - |
| Deferred Tax Liabilities | $17.41M | $16.72M | $16.76M | $16.72M | $17.80M | $16.32M | $17.50M |
| Other Non-current Liabilities | $388.71M | $374.83M | $374.95M | $382.93M | $538.20M | $541.87M | $557.86M |
| Total Liabilities | $4.15B | $4.16B | $4.12B | $4.47B | $5.52B | $5.46B | $5.31B |
| Total Liabilities & Equity | $4.86B | $4.87B | $4.84B | $5.21B | $7.04B | $7.06B | $6.95B |
| 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) |
|---|---|---|---|---|---|---|---|
| Net Income | $19.87M | $9.21M | $-406.00K | $-469.07M | $-49.38M | $-17.18M | $2.61M |
| Depreciation & Amortization | $62.93M | $188.01M | $130.94M | $75.03M | $79.94M | $81.84M | $151.38M |
| Stock-based Compensation | $5.37M | $9.88M | $5.64M | $2.48M | $-2.89M | $8.12M | $9.79M |
| Deferred Income Tax | $688.00K | $-115.00K | $-68.00K | $-113.00K | $1.94M | $-1.19M | $-13.00K |
| Change in Working Capital | $-1.19M | $90.38M | $70.06M | $32.37M | $28.69M | $-59.75M | $-49.23M |
| Operating Cash Flow | $110.78M | $142.04M | $71.79M | $24.80M | $73.97M | $317.97M | $230.64M |
| Capital Expenditure | $23.78M | $163.11M | $136.14M | $81.57M | $121.06M | $466.09M | $346.44M |
| Investing Cash Flow | $-19.56M | $851.85M | $873.14M | $921.34M | $-115.78M | $-436.39M | $-324.05M |
| Stock Repurchased | - | - | - | - | - | - | - |
| Financing Cash Flow | $-89.70M | $-1.02B | $-970.03M | $-598.34M | $39.59M | $122.15M | $97.86M |
| Net Change in Cash | $1.52M | $-24.64M | $-25.10M | $347.81M | $-2.22M | $3.73M | $4.46M |
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.