$424.83M
Revenue
$-222.02M
Net Income
-110.23%
Gross Margin
-37.63%
Op. Margin
$122.67M
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 | $424.83M | $424.83M | $415.87M | $425.16M | $420.16M | $255.65M |
| Revenue Growth % | 0.0% | 2.2% | -2.2% | 1.2% | 64.4% | nan% |
| Cost of Revenue | $893.13M | $893.13M | $824.72M | $997.14M | $307.74M | $215.60M |
| Gross Profit | $-468.30M | $-468.30M | $-408.85M | $-571.98M | $112.42M | $40.04M |
| Gross Margin % | -110.2% | -110.2% | -98.3% | -134.5% | 26.8% | 15.7% |
| Operating Expenses | $584.70M | $584.70M | $452.22M | $501.56M | $471.87M | $350.69M |
| Selling General & Admin | $111.84M | $111.84M | $111.83M | $112.27M | $109.46M | $89.91M |
| Operating Income | $-159.86M | $-159.86M | $-36.35M | $-76.40M | $-51.71M | $-95.05M |
| Operating Margin % | -37.6% | -37.6% | -8.7% | -18.0% | -12.3% | -37.2% |
| Interest Expense | $18.88M | $14.96M | $27.40M | $16.36M | $1.87M | $3.91M |
| Other Income/Expense | $2.45M | $2.45M | $106.00K | $165.00K | $95.00K | $905.00K |
| Income Before Tax | $-225.46M | $-225.46M | $-81.00M | $-100.52M | $-59.37M | $-94.04M |
| Income Tax Expense | $-2.82M | $-2.82M | $2.69M | $-423.00K | $220.00K | $119.00K |
| Net Income | $-222.02M | $-222.02M | $-83.07M | $-99.50M | $-58.73M | $-93.15M |
| Net Margin % | -52.3% | -52.3% | -20.0% | -23.4% | -14.0% | -36.4% |
| Basic EPS | -1.00 | -1.01 | -0.37 | -0.45 | -0.26 | -0.44 |
| Diluted EPS | -1.00 | -1.01 | -0.37 | -0.45 | -0.26 | -0.44 |
| Basic Shares Outstanding | - | 220.6M | 223.3M | 222.9M | 222.4M | 213.1M |
| Diluted Shares Outstanding | - | 220.6M | 223.3M | 222.9M | 222.4M | 213.1M |
| 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 | $155.58M | $89.51M | - | - | $99.45M |
| Short-term Investments | $552.00K | $127.97M | $158.19M | $139.57M | $129.72M |
| Accounts Receivable | $100.79M | $107.68M | $98.43M | $91.43M | $87.43M |
| Inventory | $43.91M | $43.43M | $45.34M | $37.14M | $31.30M |
| Other Current Assets | $41.14M | $26.12M | $41.49M | $60.60M | $37.58M |
| Total Current Assets | $350.34M | $413.77M | $470.18M | $471.72M | $409.94M |
| Goodwill | - | $64.33M | $64.33M | $64.33M | $64.33M |
| Intangible Assets | $9.90M | $6.37M | $6.37M | $5.92M | $5.50M |
| Total Assets | $1.06B | $1.24B | $1.26B | $1.08B | $957.07M |
| Accounts Payable | $26.18M | $33.30M | $56.99M | $44.44M | $24.35M |
| Accrued Liabilities | $96.11M | $105.56M | $91.53M | $90.08M | $75.16M |
| Deferred Revenue | $18.42M | $6.87M | $4.94M | $5.97M | $7.25M |
| Total Current Liabilities | $151.16M | $154.72M | $163.82M | $148.15M | $125.90M |
| Long-term Debt | $226.78M | $265.37M | $261.12M | $145.47M | $23.21M |
| Other Non-current Liabilities | $25.32M | $13.50M | $9.96M | $8.79M | $8.20M |
| Total Liabilities | $491.65M | $524.36M | $525.81M | $354.89M | $201.66M |
| Common Stock | $22.00K | $22.00K | $22.00K | $22.00K | $22.00K |
| Retained Earnings | $-1.23B | $-1.01B | $-929.47M | $-829.98M | $-771.24M |
| Total Stockholders Equity | $559.42M | $713.27M | $726.77M | $719.99M | $747.08M |
| Total Liabilities & Equity | $1.06B | $1.24B | $1.26B | $1.08B | $957.07M |
| 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 | $-356.99M | $-222.02M | $-83.07M | $-99.50M | $-58.73M | $-93.15M |
| Depreciation & Amortization | $160.87M | $98.61M | $44.74M | $45.67M | $54.67M | $45.18M |
| Stock-based Compensation | $14.83M | $8.87M | $10.80M | $23.34M | $26.47M | $14.99M |
| Deferred Income Tax | $-8.74M | $-2.88M | $2.63M | $-515.00K | $173.00K | $69.00K |
| Change in Receivables | $-42.62M | $2.79M | $8.18M | $7.71M | $1.07M | $24.26M |
| Change in Inventory | $9.16M | $4.43M | $57.00K | $11.39M | $9.32M | $5.70M |
| Change in Payables | $-12.38M | $-1.59M | $-18.78M | $14.77M | $9.32M | $6.62M |
| Operating Cash Flow | $168.29M | $85.53M | $64.58M | $43.78M | $66.73M | $41.30M |
| Capital Expenditure | $45.62M | $25.68M | $65.00M | $100.93M | $44.52M | $23.07M |
| Investing Cash Flow | $63.85M | $63.10M | $-77.68M | $-202.01M | $-148.54M | $-207.66M |
| Stock Repurchased | $16.27M | $7.94M | - | - | $6.12M | $2.92M |
| Financing Cash Flow | $-94.24M | $-82.11M | $-1.94M | $139.12M | $101.65M | $152.83M |
| Net Change in Cash | $137.95M | $66.19M | $-15.40M | $-18.99M | $19.49M | $-13.52M |
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 | $106.14M | - | $312.51M | - |
| Operating Expenses | $119.77M | - | $461.68M | - |
| Selling General & Admin | $26.27M | - | $81.19M | - |
| Operating Income | $-13.64M | - | $-149.17M | - |
| Interest Expense | $7.78M | - | $4.07M | - |
| Other Income/Expense | $2.14M | - | $2.22M | - |
| Income Before Tax | $-23.93M | - | $-182.23M | - |
| Income Tax Expense | $75.00K | - | $-2.79M | - |
| Net Income | $-23.82M | $-16.47M | $-179.03M | - |
| Basic EPS | -0.11 | - | -0.81 | - |
| Diluted EPS | -0.11 | - | -0.81 | - |
| Basic Shares Outstanding | $219.29M | - | $221.10M | - |
| Diluted Shares Outstanding | $219.29M | - | $221.10M | - |
Condensed Consolidated Balance Sheets
| Description | Sep 30, 2025 | Dec 31, 2024 |
|---|---|---|
| Short-term Investments | $51.32M | $127.97M |
| Accounts Receivable | $96.16M | $107.68M |
| Inventory | $44.42M | $43.43M |
| Other Current Assets | $25.82M | $26.12M |
| Total Current Assets | $409.08M | $413.77M |
| Goodwill | - | $64.33M |
| Intangible Assets | $5.50M | $6.37M |
| Total Assets | $1.13B | $1.24B |
| Accounts Payable | $32.62M | $33.30M |
| Accrued Liabilities | $99.41M | $105.56M |
| Deferred Revenue | $10.42M | $6.87M |
| Total Current Liabilities | $152.35M | $154.72M |
| Long-term Debt | $284.24M | $265.33M |
| Other Non-current Liabilities | $10.05M | $13.50M |
| Total Liabilities | $534.05M | $524.36M |
| Common Stock | $22.00K | $22.00K |
| Retained Earnings | $-1.19B | $-1.01B |
| Total Stockholders Equity | $585.21M | $713.27M |
| Total Liabilities & Equity | $1.13B | $1.24B |
Condensed Consolidated Statements of Cash Flows
| Description | Sep 30, 2025 | Sep 30, 2025 | ||
|---|---|---|---|---|
| Current | Prior Year | Current YTD | Prior Year YTD | |
| Net Income | $-23.82M | $-16.47M | $-179.03M | - |
| Depreciation & Amortization | $14.68M | - | $86.91M | - |
| Stock-based Compensation | - | - | $6.37M | - |
| Deferred Income Tax | - | - | $-2.85M | - |
| Change in Receivables | - | - | $-17.06M | - |
| Change in Inventory | - | - | $3.71M | - |
| Change in Payables | - | - | $-1.44M | - |
| Operating Cash Flow | - | - | $72.42M | - |
| Capital Expenditure | - | - | $19.07M | - |
| Investing Cash Flow | - | - | $30.03M | - |
| Stock Repurchased | - | - | $7.94M | - |
| Financing Cash Flow | - | - | $-10.97M | - |
| Net Change in Cash | - | - | $91.39M | - |
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.