$2.97B
Revenue
$-545.60M
Net Income
5.58%
Gross Margin
-8.54%
Op. Margin
$-394.20M
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 | $2.97B | $2.97B | $3.51B | $3.68B | $4.97B | $4.83B |
| Revenue Growth % | 0.0% | -15.3% | -4.4% | -26.0% | 2.9% | nan% |
| Cost of Revenue | $2.81B | $2.81B | $3.25B | $3.53B | $4.69B | $4.13B |
| Gross Profit | $165.90M | $165.90M | $265.60M | $142.30M | $272.30M | $698.90M |
| Gross Margin % | 5.6% | 5.6% | 7.6% | 3.9% | 5.5% | 14.5% |
| Selling General & Admin | $417.00M | $417.00M | $327.00M | $310.30M | $398.80M | $323.40M |
| Operating Income | $-254.20M | $-254.20M | $-46.00M | $-455.40M | $-363.90M | $461.40M |
| Operating Margin % | -8.5% | -8.5% | -1.3% | -12.4% | -7.3% | 9.6% |
| Interest Expense | - | $194.70M | $199.90M | $167.10M | $103.40M | $62.40M |
| Other Income/Expense | $25.00M | $25.20M | $-3.90M | $17.20M | $7.20M | $-9.50M |
| Income Before Tax | $-503.00M | $-503.00M | $-318.00M | $-632.90M | $-469.60M | $350.50M |
| Income Tax Expense | $42.60M | $42.60M | $30.50M | $68.40M | $-41.60M | $70.90M |
| Net Income | $-545.60M | $-545.60M | $-348.50M | $-701.30M | $-430.90M | $440.00M |
| Net Margin % | -18.3% | -18.3% | -9.9% | -19.1% | -8.7% | 9.1% |
| Basic EPS | nan | -15.24 | -9.86 | -19.88 | -11.99 | 11.37 |
| Diluted EPS | nan | -15.24 | -9.86 | -19.88 | -11.99 | 11.12 |
| Basic Shares Outstanding | 100K | 35.8M | 35.3M | 35.3M | 35.9M | 38.7M |
| Diluted Shares Outstanding | 100K | 35.8M | 35.3M | 35.3M | 35.9M | 39.6M |
| 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 | $146.70M | $209.80M | $259.10M | $211.70M | $573.00M |
| Inventory | $316.00M | $347.20M | $404.70M | $553.60M | $621.00M |
| Other Current Assets | $37.50M | $51.30M | $39.50M | $39.40M | $44.30M |
| Total Current Assets | $864.70M | $988.20M | $1.19B | $1.39B | $1.98B |
| Goodwill | $67.70M | $59.90M | $63.80M | $410.40M | $710.10M |
| Intangible Assets | $492.90M | $598.80M | $693.90M | $772.00M | $823.80M |
| Total Assets | $2.28B | $2.64B | $3.03B | $3.76B | $4.71B |
| Accounts Payable | $283.90M | $263.10M | $449.70M | $438.10M | $590.30M |
| Other Current Liabilities | $9.50M | $5.90M | - | - | - |
| Total Current Liabilities | $714.70M | $720.90M | $672.60M | $689.40M | $914.40M |
| Long-term Debt | $2.55B | $2.41B | $2.28B | $2.30B | $2.31B |
| Deferred Tax Liabilities | $30.50M | $37.50M | $43.50M | $59.80M | $103.20M |
| Other Non-current Liabilities | $252.40M | $251.60M | $251.80M | $228.90M | $306.70M |
| Common Stock | $400.00K | $400.00K | $400.00K | $400.00K | $400.00K |
| Retained Earnings | $-1.34B | $-792.80M | $-443.00M | $264.50M | $741.80M |
| Total Stockholders Equity | $-1.10B | $-619.90M | $-268.00M | $420.30M | $1.01B |
| Total Liabilities & Equity | $2.28B | $2.64B | $3.03B | $3.76B | $4.71B |
| 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 | $-545.60M | $-545.60M | $-348.50M | $-701.30M | $-430.90M | $440.00M |
| Depreciation & Amortization | $291.60M | $291.60M | $210.20M | $221.20M | $236.90M | $167.50M |
| Stock-based Compensation | $23.30M | $9.90M | $14.40M | $19.50M | $18.60M | $15.20M |
| Deferred Income Tax | $28.90M | $22.40M | $-2.70M | $41.40M | $-93.30M | $-2.10M |
| Change in Receivables | $59.50M | $-51.70M | $-99.50M | $-106.30M | $-129.10M | $214.60M |
| Change in Inventory | $-9.00M | $-46.40M | $-46.40M | $-150.10M | $-31.80M | $214.10M |
| Operating Cash Flow | $-316.00M | $-102.40M | $-14.20M | $148.70M | $43.50M | $452.70M |
| Capital Expenditure | $78.20M | $51.00M | $63.30M | $69.70M | $148.20M | $117.70M |
| Acquisitions | - | - | - | - | $22.20M | $1.80B |
| Investing Cash Flow | $-68.20M | $-41.00M | $-55.10M | $-31.70M | $-164.00M | $-1.54B |
| Stock Repurchased | - | - | - | - | $151.90M | $48.10M |
| Dividends Paid | $2.60M | $1.20M | $1.70M | $17.90M | $47.50M | $21.90M |
| Financing Cash Flow | $148.50M | $73.50M | $26.40M | $-66.00M | $-233.70M | $1.08B |
| Net Change in Cash | $-219.20M | $-62.90M | $-49.20M | $49.40M | $-361.30M | $-15.70M |
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 | $743.20M | - | $2.31B | - |
| Cost of Revenue | $705.80M | - | $2.17B | - |
| Gross Profit | $37.40M | - | $137.80M | - |
| Selling General & Admin | $63.20M | - | $232.30M | - |
| Operating Income | $-28.20M | - | $-90.50M | - |
| Other Income/Expense | $-2.60M | - | $20.60M | - |
| Income Before Tax | $-101.40M | - | $-276.80M | - |
| Income Tax Expense | $8.30M | - | $17.40M | - |
| Net Income | $-109.70M | $-67.80M | $-294.20M | - |
| Basic EPS | -3.05 | - | -8.24 | - |
| Diluted EPS | -3.05 | - | -8.24 | - |
| Basic Shares Outstanding | $36.00M | - | $35.70M | - |
| Diluted Shares Outstanding | $36.00M | - | $35.70M | - |
Condensed Consolidated Balance Sheets
| Description | Sep 30, 2025 | Dec 31, 2024 |
|---|---|---|
| Cash & Cash Equivalents | $112.10M | $209.80M |
| Inventory | $351.40M | $347.20M |
| Other Current Assets | $56.30M | $51.30M |
| Total Current Assets | $922.40M | $988.20M |
| Goodwill | $67.70M | $59.90M |
| Intangible Assets | $526.40M | $598.80M |
| Total Assets | $2.49B | $2.64B |
| Accounts Payable | $285.80M | $263.10M |
| Total Current Liabilities | $674.20M | $720.90M |
| Long-term Debt | $2.33B | $2.20B |
| Deferred Tax Liabilities | $34.50M | $37.50M |
| Other Non-current Liabilities | $262.30M | $251.60M |
| Common Stock | $400.00K | $400.00K |
| Retained Earnings | $-1.09B | $-792.80M |
| Total Stockholders Equity | $-861.60M | $-619.90M |
| Total Liabilities & Equity | $2.49B | $2.64B |
Condensed Consolidated Statements of Cash Flows
| Description | Sep 30, 2025 | Sep 30, 2025 | ||
|---|---|---|---|---|
| Current | Prior Year | Current YTD | Prior Year YTD | |
| Net Income | $-109.70M | $-67.80M | $-294.20M | - |
| Depreciation & Amortization | $56.40M | - | $152.20M | - |
| Stock-based Compensation | - | - | $9.20M | - |
| Deferred Income Tax | - | - | $-700.00K | - |
| Change in Receivables | - | - | $-3.50M | - |
| Change in Inventory | - | - | $-18.30M | - |
| Operating Cash Flow | - | - | $-125.00M | - |
| Capital Expenditure | - | - | $35.00M | - |
| Investing Cash Flow | - | - | $-35.00M | - |
| Dividends Paid | - | - | $1.20M | - |
| Financing Cash Flow | - | - | $56.00M | - |
| Net Change in Cash | - | - | $-97.60M | - |
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.