$272.99M
Revenue
$-8.65M
Net Income
64.80%
Gross Margin
2.72%
Op. Margin
$883.25M
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) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | $272.99M | $272.99M | $250.35M | $223.81M | $148.50M | $124.30M | $128.49M | $131.72M | $130.11M | $112.66M | $96.86M |
| Revenue Growth % | 0.0% | 9.0% | 11.9% | 50.7% | 19.5% | -3.3% | -2.5% | 1.2% | 15.5% | 16.3% | nan% |
| Cost of Revenue | $96.09M | $96.09M | $82.45M | $69.47M | $56.47M | $50.96M | $48.02M | $53.22M | $117.99M | $93.93M | $83.63M |
| Gross Profit | $176.90M | $176.90M | $167.90M | $154.34M | $92.04M | $73.34M | $80.47M | $78.50M | $12.12M | $18.73M | $13.23M |
| Gross Margin % | 64.8% | 64.8% | 67.1% | 69.0% | 62.0% | 59.0% | 62.6% | 59.6% | 9.3% | 16.6% | 13.7% |
| Operating Expenses | $265.56M | $265.56M | $251.30M | $223.97M | $369.53M | $189.80M | $187.65M | $195.76M | $177.49M | $181.45M | $160.54M |
| Research & Development | - | $6.10M | $6.50M | $1.40M | - | - | - | - | - | - | - |
| Selling General & Admin | $51.43M | $51.43M | $43.43M | $43.46M | $44.10M | $41.36M | $41.74M | $45.23M | $55.44M | $39.10M | $40.98M |
| Operating Income | $7.43M | $7.43M | $-949.00K | $-165.00K | $-221.03M | $-65.50M | $-59.16M | $-64.05M | $-47.38M | $-68.79M | $-63.68M |
| Operating Margin % | 2.7% | 2.7% | -0.4% | -0.1% | -148.8% | -52.7% | -46.0% | -48.6% | -36.4% | -61.1% | -65.7% |
| Interest Expense | - | - | $15.67M | $13.51M | - | $5.53M | $10.92M | $27.35M | $25.87M | $24.07M | $21.78M |
| Other Income/Expense | $14.97M | $14.97M | $-2.53M | $1.73M | $463.00K | $368.00K | $-3.56M | $-2.81M | $-3.30M | $-2.87M | $-430.00K |
| Income Before Tax | $-2.77M | $-2.77M | $-61.03M | $-23.59M | $-256.84M | $-112.92M | $-108.98M | $15.87M | $-6.39M | $-88.88M | $-139.19M |
| Income Tax Expense | $5.88M | $5.88M | $2.13M | $1.12M | $73.00K | $-299.00K | $662.00K | $545.00K | $125.00K | $190.00K | $-6.54M |
| Net Income | $-8.65M | $-8.65M | $-63.16M | $-24.72M | $-256.92M | $-112.62M | $-109.64M | $15.32M | $-6.52M | $-89.07M | $-132.65M |
| Net Margin % | -3.2% | -3.2% | -25.2% | -11.0% | -173.0% | -90.6% | -85.3% | 11.6% | -5.0% | -79.1% | -136.9% |
| Basic EPS | nan | -0.15 | -0.59 | -0.02 | -0.14 | -0.06 | -0.07 | 0.01 | -0.01 | -0.08 | -0.12 |
| Diluted EPS | nan | -0.15 | -0.59 | -0.02 | -0.14 | -0.06 | -0.07 | -0.07 | -0.01 | -0.08 | -0.12 |
| Basic Shares Outstanding | 164K | 126.8M | 125.9M | 1.84B | 1.80B | 1.77B | 1.64B | 1.45B | 1.27B | 1.17B | 1.06B |
| Diluted Shares Outstanding | 164K | 126.8M | 125.9M | 1.84B | 1.80B | 1.77B | 1.64B | 1.66B | 1.27B | 1.17B | 1.06B |
| 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) |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Cash Equivalents | $447.47M | $391.16M | $56.74M | $32.08M | $14.30M | $13.33M | $7.61M | $15.21M | $41.64M | $10.23M |
| Accounts Receivable | $19.98M | $26.95M | $48.74M | $26.33M | $21.18M | $22.15M | $21.76M | $19.33M | $17.11M | $15.22M |
| Inventory | $9.61M | $10.74M | $14.58M | $9.26M | $13.83M | $13.74M | $16.34M | $14.27M | $7.27M | $8.09M |
| Other Current Assets | $19.67M | $18.71M | $22.58M | $13.57M | $19.56M | $15.65M | $16.93M | $13.41M | $6.75M | $4.59M |
| Total Current Assets | $496.73M | $447.57M | $142.65M | $81.24M | $68.87M | $68.49M | $63.26M | $122.50M | $136.41M | $38.13M |
| Property Plant & Equipment | $1.31B | $673.63M | $624.00M | $560.37M | $672.16M | $715.91M | $799.91M | $882.70M | $971.12M | $1.04B |
| Goodwill | $30.60M | - | - | - | - | - | - | - | - | - |
| Intangible Assets | $92.30M | $85.20M | - | - | - | - | - | - | - | - |
| Other Non-current Assets | $2.55M | $4.21M | - | - | - | - | - | - | - | - |
| Total Assets | $2.33B | $1.71B | $924.31M | $833.39M | $814.11M | $888.09M | $965.59M | $1.05B | $1.13B | $1.13B |
| Accounts Payable | - | - | $2.03M | $3.84M | $6.25M | $2.92M | $8.02M | $7.00M | $6.05M | $7.50M |
| Accrued Liabilities | $43.59M | $24.70M | $26.96M | $58.45M | $28.95M | $25.92M | $24.87M | $23.09M | $20.75M | $23.16M |
| Deferred Revenue | $62.02M | $61.20M | $53.68M | $74.64M | $25.93M | $25.98M | $29.91M | $31.94M | $31.75M | $26.48M |
| Other Current Liabilities | $391.00K | $394.00K | $459.00K | $326.00K | - | - | - | - | - | - |
| Total Current Liabilities | $205.49M | $141.49M | $175.91M | $197.08M | $61.56M | $114.22M | $63.06M | $159.68M | $160.32M | $172.45M |
| Long-term Debt | $483.79M | $511.42M | $325.70M | $132.12M | $237.93M | $326.59M | $464.18M | $367.20M | $434.65M | $500.52M |
| Deferred Tax Liabilities | $1.04M | $711.00K | - | - | - | - | - | - | - | - |
| Other Non-current Liabilities | $451.62M | $418.62M | $11.27M | $4.00M | $7.89M | $3.45M | $3.07M | $3.37M | $5.97M | $5.89M |
| Total Liabilities | $1.97B | $1.35B | $545.33M | - | - | - | - | - | - | - |
| Retained Earnings | $-2.14B | $-2.13B | $-2.06B | $-2.04B | $-1.78B | $-1.67B | $-1.56B | $-1.57B | $-1.57B | $-1.48B |
| Total Stockholders Equity | $355.73M | $358.88M | $378.98M | $314.77M | $365.43M | $423.06M | $407.34M | $358.94M | $291.22M | $161.82M |
| Total Liabilities & Equity | $2.33B | $1.71B | $924.31M | $833.39M | $814.11M | $888.09M | $965.59M | $1.05B | $1.13B | $1.13B |
| 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) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $-8.65M | $-8.65M | $-63.16M | $-24.72M | $-256.92M | $-112.62M | $-109.64M | $15.32M | $-6.52M | $-89.07M | $-132.65M |
| Stock-based Compensation | $43.28M | $23.41M | $35.55M | $22.49M | $10.75M | $6.54M | $5.67M | $5.70M | $7.00M | $5.09M | $4.86M |
| Deferred Income Tax | - | $69.00K | $382.00K | $33.00K | - | - | - | - | - | - | - |
| Change in Receivables | $-19.37M | $-7.49M | $-26.66M | $-12.69M | $1.01M | $-1.36M | $8.49M | $4.30M | $3.79M | $2.98M | $2.20M |
| Change in Inventory | - | $-1.52M | $-2.80M | $4.15M | $2.38M | $80.00K | $-2.18M | $1.66M | $486.00K | $-50.00K | $-4.57M |
| Operating Cash Flow | $883.25M | $621.65M | $439.19M | $74.34M | $63.80M | $131.88M | $22.21M | $3.05M | $5.92M | $13.86M | $8.81M |
| Capital Expenditure | - | - | - | - | - | - | - | $4.59M | $7.35M | $5.53M | $9.38M |
| Investing Cash Flow | $-1.01B | $-550.38M | $-260.57M | $-175.61M | $-39.95M | $-45.19M | $-14.54M | $-11.49M | $-17.40M | $-20.78M | $-24.62M |
| Stock Issued | - | - | $176.19M | - | - | $43.68M | - | $4.28M | $59.10M | $114.99M | - |
| Dividends Paid | $18.48M | $10.61M | $10.63M | $11.94M | - | - | - | - | - | - | - |
| Financing Cash Flow | $-49.61M | $-16.18M | $157.18M | $125.79M | $-6.05M | $-140.28M | $1.16M | $-7.92M | $-18.20M | $63.79M | $18.50M |
| Net Change in Cash | $-176.38M | $56.31M | $334.42M | $24.66M | $17.78M | $-53.72M | $8.89M | $-16.36M | $-29.79M | $57.07M | $2.82M |
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 | $73.84M | - | $201.03M | - |
| Operating Expenses | $63.69M | - | $193.22M | - |
| Selling General & Admin | $11.35M | - | $32.62M | - |
| Operating Income | $10.16M | - | $7.80M | - |
| Interest Expense | - | - | - | - |
| Other Income/Expense | $3.65M | - | $9.94M | - |
| Income Before Tax | $2.19M | - | $6.82M | - |
| Income Tax Expense | $1.10M | - | $3.85M | - |
| Net Income | $1.09M | $-9.68M | $2.97M | - |
| Basic EPS | -0.01 | - | -0.04 | - |
| Diluted EPS | -0.01 | - | -0.04 | - |
| Basic Shares Outstanding | $126.69M | - | $126.59M | - |
| Diluted Shares Outstanding | $126.69M | - | $126.59M | - |
Condensed Consolidated Balance Sheets
| Description | Sep 30, 2025 | Dec 31, 2024 |
|---|---|---|
| Cash & Cash Equivalents | $346.29M | $391.16M |
| Accounts Receivable | $25.97M | $26.95M |
| Inventory | $11.43M | $10.74M |
| Other Current Assets | $17.30M | $18.71M |
| Total Current Assets | $400.99M | $447.57M |
| Property Plant & Equipment | $1.21B | $673.63M |
| Total Assets | $2.16B | $1.71B |
| Deferred Revenue | $61.57M | $61.20M |
| Other Current Liabilities | $175.00K | $394.00K |
| Total Current Liabilities | $158.38M | $141.49M |
| Long-term Debt | $485.08M | $476.82M |
| Other Non-current Liabilities | $425.07M | $418.62M |
| Total Liabilities | $1.80B | $1.35B |
| Retained Earnings | $-2.13B | $-2.13B |
| Total Stockholders Equity | $364.82M | $358.88M |
| Total Liabilities & Equity | $2.16B | $1.71B |
Condensed Consolidated Statements of Cash Flows
| Description | Sep 30, 2025 | Sep 30, 2025 | ||
|---|---|---|---|---|
| Current | Prior Year | Current YTD | Prior Year YTD | |
| Net Income | $1.09M | $-9.68M | $2.97M | - |
| Stock-based Compensation | - | - | $17.81M | - |
| Change in Receivables | - | - | $-1.73M | - |
| Operating Cash Flow | - | - | $445.76M | - |
| Investing Cash Flow | - | - | $-485.88M | - |
| Dividends Paid | - | - | $7.93M | - |
| Financing Cash Flow | - | - | $-6.08M | - |
| Net Change in Cash | - | - | $-44.87M | - |
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.