$250.22M
Revenue
$-15.38M
Net Income
17.00%
Gross Margin
-2.46%
Op. Margin
$10.75M
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 | $250.22M | $250.22M | $288.53M | $288.38M | $284.04M | $155.72M | $98.66M | $98.98M | $103.81M | $138.35M | $183.81M |
| Revenue Growth % | 0.0% | -13.3% | 0.1% | 1.5% | 82.4% | 57.8% | -0.3% | -4.6% | -25.0% | -24.7% | nan% |
| Cost of Revenue | $207.67M | $207.67M | $238.54M | $238.31M | $235.18M | $126.89M | $79.60M | $80.25M | $86.94M | $122.63M | $169.40M |
| Gross Profit | $42.54M | $42.54M | $49.99M | $50.06M | $48.86M | $28.82M | $19.06M | $18.73M | $16.86M | $15.71M | $14.41M |
| Gross Margin % | 17.0% | 17.0% | 17.3% | 17.4% | 17.2% | 18.5% | 19.3% | 18.9% | 16.2% | 11.4% | 7.8% |
| Operating Expenses | $48.70M | $48.70M | $54.45M | $47.24M | $47.45M | $24.20M | $18.30M | $18.13M | $18.86M | $21.06M | $22.21M |
| Selling General & Admin | $37.63M | $37.63M | $39.54M | $37.67M | $37.80M | $21.73M | $17.14M | $16.82M | $16.16M | $17.08M | $18.17M |
| Operating Income | $-6.16M | $-6.16M | $-4.46M | $2.82M | $1.41M | $4.62M | $750.27K | $595.47K | $-2.00M | $-5.35M | $-7.80M |
| Operating Margin % | -2.5% | -2.5% | -1.5% | 1.0% | 0.5% | 3.0% | 0.8% | 0.6% | -1.9% | -3.9% | -4.2% |
| Interest Expense | $9.21M | $9.21M | $10.31M | $9.73M | $7.28M | $2.50M | $701.93K | $431.63K | $437.73K | $468.03K | $240.80K |
| Income Before Tax | $-15.37M | $-15.37M | $-14.77M | $-6.90M | $-5.88M | $2.01M | $1.29M | $163.84K | $-2.44M | $-5.82M | $-8.05M |
| Income Tax Expense | $16.00K | $16.00K | $291.00K | $386.93K | $172.60K | $321.17K | $254.00K | $219.08K | - | - | - |
| Net Income | $-15.38M | $-15.38M | $-15.06M | $-7.29M | $-6.05M | $1.69M | $1.03M | $-55.24K | $-2.44M | $-5.82M | $-8.05M |
| Net Margin % | -6.1% | -6.1% | -5.2% | -2.5% | -2.1% | 1.1% | 1.0% | -0.1% | -2.3% | -4.2% | -4.4% |
| Basic EPS | nan | -0.73 | -0.73 | -0.36 | -0.31 | 0.09 | 0.05 | 0.00 | -0.16 | nan | nan |
| Diluted EPS | nan | -0.73 | -0.73 | -0.36 | -0.31 | 0.08 | 0.05 | 0.00 | -0.16 | nan | nan |
| Basic Shares Outstanding | 57K | 21.0M | 20.6M | 20.1M | 19.5M | 18.9M | 16.7M | 15.3M | 15.3M | - | - |
| Diluted Shares Outstanding | 57K | 21.0M | 20.6M | 20.1M | 19.5M | 20.7M | 16.8M | 15.3M | 15.3M | - | - |
| 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 | $1.01M | $396.00K | $324.01K | $9.56M | $8.43M | $7.52M | $3.41M | $2.12M | $1.06M | $1.33M |
| Accounts Receivable | $49.01M | $62.25M | $58.15M | $45.89M | $39.95M | $17.42M | $13.90M | $16.71M | $16.26M | $34.83M |
| Other Current Assets | $1.17M | $2.60M | $2.14M | $2.31M | $1.95M | $1.07M | $1.11M | $965.75K | $1.51M | $2.67M |
| Total Current Assets | $51.20M | $75.14M | $60.61M | $57.77M | $50.33M | $26.01M | $18.42M | $19.80M | $18.83M | $38.83M |
| Property Plant & Equipment | $2.88M | $4.51M | - | - | - | - | - | - | - | - |
| Goodwill | $81.06M | $81.06M | $85.83M | $84.26M | $80.62M | $66.31M | $58.21M | $58.21M | $58.34M | $58.34M |
| Intangible Assets | $7.65M | $12.95M | $26.05M | $33.56M | $39.12M | $6.53M | $1.59M | $2.61M | $5.03M | $8.49M |
| Total Assets | $145.55M | $175.65M | $177.12M | $181.49M | $175.67M | $102.23M | $80.66M | $81.59M | $83.52M | $108.07M |
| Accounts Payable | $34.10M | $37.07M | - | - | - | - | - | - | - | - |
| Deferred Revenue | $128.00K | $1.00M | - | - | - | - | - | - | - | - |
| Other Current Liabilities | $128.00K | $1.00M | $2.47M | $4.69M | $6.20M | $1.39M | $19.64K | - | - | - |
| Total Current Liabilities | $39.53M | $44.39M | $44.92M | $38.05M | $37.72M | $17.26M | $13.34M | $15.85M | $14.58M | $35.71M |
| Long-term Debt | $64.00M | $76.27M | - | - | - | - | - | - | - | - |
| Other Non-current Liabilities | $1.51M | $833.00K | $1.27M | $1.72M | $1.91M | $1.97M | $1.14M | $353.00 | $21.99K | $335.64K |
| Total Liabilities | $105.04M | $121.49M | $110.84M | $110.35M | $102.04M | $34.19M | $19.01M | $21.04M | $21.37M | $40.80M |
| Common Stock | $21.00K | $21.00K | $20.16K | $19.70K | $19.05K | $18.41K | $15.37K | $15.33K | $15.30K | $15.27K |
| Retained Earnings | $-140.49M | $-125.11M | $-110.05M | $-102.76M | $-96.71M | $-98.40M | $-99.23M | $-99.17M | $-96.74M | $-90.91M |
| Total Stockholders Equity | $40.51M | $54.16M | $66.28M | $71.14M | $73.63M | $68.04M | $61.64M | $60.54M | $62.15M | $67.27M |
| Total Liabilities & Equity | $145.55M | $175.65M | $177.12M | $181.49M | $175.67M | $102.23M | $80.66M | $81.59M | $83.52M | $108.07M |
| 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) |
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 | $-25.79M | $-15.38M | $-15.06M | $-7.29M | $-6.05M | $1.69M | $1.03M | $-55.24K | $-2.44M | $-5.82M | $-8.05M |
| Depreciation & Amortization | $5.28M | $5.28M | $9.40M | $9.57M | $9.65M | $2.47M | $1.16M | $1.31M | $2.70M | $3.99M | $4.04M |
| Stock-based Compensation | $3.47M | $1.62M | $1.56M | $1.31M | $1.28M | $1.38M | $1.49M | $1.09M | $793.59K | $1.71M | $1.85M |
| Deferred Income Tax | - | - | - | - | - | - | - | - | - | - | - |
| Change in Receivables | $-19.50M | $-12.76M | $9.75M | $13.71M | $4.18M | $11.68M | $2.31M | $-2.75M | $1.53M | $-17.91M | $1.99M |
| Operating Cash Flow | $11.34M | $9.56M | $-6.08M | $-1.36M | $-2.34M | $2.57M | $3.10M | $2.28M | $2.97M | $-1.65M | - |
| Capital Expenditure | $596.00K | $251.00K | $4.68M | $259.00K | $836.04K | $545.06K | $443.64K | $145.01K | $43.51K | $60.51K | $469.31K |
| Investing Cash Flow | $13.37M | $4.58M | $-5.97M | $-1.90M | $-4.33M | $-16.93M | $-506.07K | $-301.33K | $-239.97K | $-315.29K | - |
| Debt Repayment | $14.12M | $6.10M | $1.30M | $8.11M | $1.41M | $758.64K | - | - | - | - | - |
| Stock Issued | - | - | - | - | - | - | $3.05M | - | - | - | - |
| Financing Cash Flow | $-23.00M | $-13.52M | $12.13M | $-5.98M | $7.81M | $15.27M | $1.51M | $-685.74K | $-1.66M | $1.69M | - |
| Net Change in Cash | $1.71M | $618.00K | $72.00K | $-9.24M | $1.14M | $911.60K | $4.11M | $1.29M | $1.07M | $-272.89K | $-1.66M |
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 | $63.34M | - | $191.31M | - |
| Cost of Revenue | $51.87M | - | $157.88M | - |
| Gross Profit | $11.47M | - | $33.44M | - |
| Operating Expenses | $10.39M | - | $40.14M | - |
| Selling General & Admin | $9.24M | - | $29.95M | - |
| Operating Income | $1.07M | - | $-6.70M | - |
| Interest Expense | $2.39M | - | $7.03M | - |
| Income Before Tax | $-1.31M | - | $-13.73M | - |
| Income Tax Expense | $35.00K | - | $-9.00K | - |
| Net Income | $-1.35M | $-1.51M | $-13.73M | - |
| Basic EPS | -0.06 | - | -0.66 | - |
| Diluted EPS | -0.06 | - | -0.66 | - |
| Basic Shares Outstanding | $21.03M | - | $20.94M | - |
| Diluted Shares Outstanding | $21.03M | - | $20.94M | - |
Condensed Consolidated Balance Sheets
| Description | Sep 30, 2025 | Dec 31, 2024 |
|---|---|---|
| Cash & Cash Equivalents | $1.15M | $396.00K |
| Accounts Receivable | $50.75M | $62.25M |
| Other Current Assets | $2.12M | $2.60M |
| Total Current Assets | $54.01M | $75.14M |
| Goodwill | $81.06M | $81.06M |
| Intangible Assets | $8.43M | $12.95M |
| Total Assets | $149.28M | $175.65M |
| Deferred Revenue | $69.00K | $1.00M |
| Total Current Liabilities | $40.80M | $44.39M |
| Other Non-current Liabilities | $1.09M | $833.00K |
| Total Liabilities | $107.28M | $121.49M |
| Common Stock | $21.00K | $21.00K |
| Retained Earnings | $-138.84M | $-125.11M |
| Total Stockholders Equity | $42.01M | $54.16M |
| Total Liabilities & Equity | $149.28M | $175.65M |
Condensed Consolidated Statements of Cash Flows
| Description | Sep 30, 2025 | Sep 30, 2025 | ||
|---|---|---|---|---|
| Current | Prior Year | Current YTD | Prior Year YTD | |
| Net Income | $-1.35M | $-1.51M | $-13.73M | - |
| Depreciation & Amortization | $1.30M | - | $4.15M | - |
| Stock-based Compensation | - | - | $1.67M | - |
| Change in Receivables | - | - | $-11.57M | - |
| Operating Cash Flow | - | - | $8.51M | - |
| Capital Expenditure | - | - | $206.00K | - |
| Investing Cash Flow | - | - | $3.95M | - |
| Debt Repayment | - | - | $4.68M | - |
| Financing Cash Flow | - | - | $-11.70M | - |
| Net Change in Cash | - | - | $750.00K | - |
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.