$2.48B
Revenue
$38.76M
Net Income
80.87%
Gross Margin
9.93%
Op. Margin
$2.68B
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 | $2.48B | $2.48B | $2.23B | $2.17B | $1.57B | $496.90M |
| Revenue Growth % | -0.0% | 11.2% | 2.7% | 37.9% | 216.1% | nan% |
| Cost of Revenue | $473.67M | $473.67M | $429.79M | $347.01M | $260.68M | $170.82M |
| Gross Profit | $2.00B | $2.00B | $1.80B | $1.82B | $1.31B | $326.08M |
| Gross Margin % | 80.9% | 80.9% | 80.7% | 84.0% | 83.4% | 65.6% |
| Operating Expenses | $2.23B | $2.23B | $1.39B | $1.04B | $717.34M | $418.94M |
| Operating Income | $245.85M | $245.85M | $837.83M | $1.12B | $853.19M | $77.96M |
| Operating Margin % | 9.9% | 9.9% | 37.6% | 51.8% | 54.3% | 15.7% |
| Interest Expense | $170.86M | $170.86M | $152.06M | $135.66M | $80.33M | $59.02M |
| Other Income/Expense | $637.00K | $637.00K | $440.00K | $4.79M | $-185.00K | $-9.00K |
| Income Before Tax | $62.70M | $62.70M | $680.82M | $1.00B | $776.34M | $6.59M |
| Income Tax Expense | $23.94M | $23.94M | $160.51M | $77.77M | $3.10M | $233.00K |
| Net Income | $38.76M | $38.76M | $520.31M | $922.97M | $773.24M | $6.36M |
| Net Margin % | 1.6% | 1.6% | 23.4% | 42.6% | 49.2% | 1.3% |
| Basic EPS | 0.38 | 0.40 | 5.21 | 10.09 | 9.26 | -0.13 |
| Diluted EPS | 0.35 | 0.39 | 5.14 | 10.03 | 8.92 | -0.13 |
| Basic Shares Outstanding | - | 97.7M | 99.9M | 91.5M | 78.6M | 63.0M |
| Diluted Shares Outstanding | - | 99.3M | 101.3M | 92.1M | 86.7M | 63.0M |
| 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) |
|---|---|---|---|---|---|
| Cash & Cash Equivalents | $14.30M | $8.93M | $8.20M | $2.53M | $9.52M |
| Accounts Receivable | $349.93M | $389.67M | $370.53M | $271.34M | $193.55M |
| Total Current Assets | $586.03M | $500.74M | $509.41M | $320.49M | $215.33M |
| Property Plant & Equipment | $4.75B | $5.08B | $3.93B | $2.48B | $1.25B |
| Other Non-current Assets | $73.94M | $11.08M | $15.47M | $16.22M | $11.68M |
| Total Assets | $5.41B | $5.60B | $4.48B | $2.88B | $1.52B |
| Accounts Payable | $218.62M | $202.87M | $192.67M | $128.58M | $65.46M |
| Accrued Liabilities | $293.78M | $290.79M | $147.94M | $121.74M | $105.59M |
| Other Current Liabilities | $3.88M | $4.71M | $2.13M | $1.78M | - |
| Total Current Liabilities | $539.29M | $544.27M | $385.76M | $344.97M | $327.56M |
| Long-term Debt | $2.40B | $2.37B | - | - | - |
| Deferred Tax Liabilities | $247.65M | $228.04M | $68.49M | - | - |
| Other Non-current Liabilities | $1.77M | $2.27M | $2.74M | $2.04M | $3.11M |
| Total Liabilities | $3.28B | $3.28B | $2.44B | $2.13B | $1.31B |
| Common Stock | $499.00K | $501.00K | $503.00K | $487.00K | $479.00K |
| Retained Earnings | $481.28M | $442.52M | $-77.79M | $-1.00B | $-1.77B |
| Total Stockholders Equity | $2.13B | $2.32B | $2.05B | $745.26M | $215.13M |
| Total Liabilities & Equity | $5.41B | $5.60B | $4.48B | $2.88B | $1.52B |
| 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 | $38.76M | $38.76M | $520.31M | $922.97M | $773.24M | $6.36M |
| Stock-based Compensation | $26.29M | $15.36M | $11.97M | $5.66M | $5.66M | $3.62M |
| Deferred Income Tax | $144.89M | $23.57M | $159.55M | $76.86M | $-571.00K | $233.00K |
| Change in Receivables | $777.00K | $-39.75M | $17.37M | $101.32M | $74.90M | $122.16M |
| Change in Payables | $27.64M | $14.88M | $-4.41M | $-15.24M | $-338.00K | $14.09M |
| Operating Cash Flow | $2.68B | $1.51B | $1.41B | $1.18B | $928.42M | $396.47M |
| Investing Cash Flow | $-2.11B | $-1.25B | $-1.67B | $-1.86B | $-1.40B | $-634.43M |
| Stock Issued | - | - | - | $514.75M | - | $438.08M |
| Stock Repurchased | $122.02M | $57.01M | $94.50M | $8.00M | $54.50M | - |
| Dividends Paid | $301.14M | $173.40M | $161.97M | $123.94M | $51.60M | $4.94M |
| Financing Cash Flow | $-526.49M | $-247.46M | $266.83M | $684.69M | $467.37M | $246.06M |
| Net Change in Cash | $46.93M | $5.37M | $738.00K | $5.67M | $-6.99M | $8.09M |
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 | $556.64M | - | $1.87B | - |
| Cost of Revenue | $118.32M | - | $353.79M | - |
| Operating Expenses | $682.40M | - | $1.59B | - |
| Operating Income | $-125.76M | - | $279.69M | - |
| Interest Expense | $42.98M | - | $131.26M | - |
| Other Income/Expense | $65.00K | - | $611.00K | - |
| Income Before Tax | $-168.80M | - | $148.76M | - |
| Income Tax Expense | $-39.73M | - | $39.27M | - |
| Net Income | $-129.07M | $138.56M | $109.49M | - |
| Basic EPS | -1.33 | - | 1.12 | - |
| Diluted EPS | -1.33 | - | 1.10 | - |
| Basic Shares Outstanding | $97.12M | - | $97.91M | - |
| Diluted Shares Outstanding | $97.12M | - | $99.41M | - |
Condensed Consolidated Balance Sheets
| Description | Sep 30, 2025 | Dec 31, 2024 |
|---|---|---|
| Cash & Cash Equivalents | $31.65M | $8.93M |
| Accounts Receivable | $333.96M | $389.67M |
| Total Current Assets | $542.48M | $500.74M |
| Property Plant & Equipment | $4.94B | $5.08B |
| Other Non-current Assets | $11.41M | $11.08M |
| Total Assets | $5.49B | $5.60B |
| Accounts Payable | $160.26M | $202.87M |
| Accrued Liabilities | $334.50M | $321.49M |
| Total Current Liabilities | $495.34M | $544.27M |
| Deferred Tax Liabilities | $263.25M | $228.04M |
| Other Non-current Liabilities | $1.90M | $2.27M |
| Total Liabilities | $3.25B | $3.28B |
| Common Stock | $500.00K | $501.00K |
| Retained Earnings | $552.01M | $442.52M |
| Total Stockholders Equity | $2.24B | $2.32B |
| Total Liabilities & Equity | $5.49B | $5.60B |
Condensed Consolidated Statements of Cash Flows
| Description | Sep 30, 2025 | Sep 30, 2025 | ||
|---|---|---|---|---|
| Current | Prior Year | Current YTD | Prior Year YTD | |
| Net Income | $-129.07M | $138.56M | $109.49M | - |
| Stock-based Compensation | - | - | $11.45M | - |
| Deferred Income Tax | - | - | $39.17M | - |
| Change in Receivables | - | - | $-55.72M | - |
| Change in Payables | - | - | $-5.94M | - |
| Operating Cash Flow | - | - | $1.19B | - |
| Investing Cash Flow | - | - | $-944.39M | - |
| Stock Repurchased | - | - | $50.01M | - |
| Dividends Paid | - | - | $129.70M | - |
| Financing Cash Flow | - | - | $-225.55M | - |
| Net Change in Cash | - | - | $22.71M | - |
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.