$1.01B
Revenue
$299.10M
Net Income
21.23%
Gross Margin
17.95%
Op. Margin
$-85.54M
Free Cash Flow
| Breakdown | Q4 2025 (Dec 31, 2025) |
Q3 2025 (Sep 30, 2025) |
Q2 2025 (Jun 30, 2025) |
Q1 2025 (Mar 31, 2025) |
Q4 2024 (Dec 31, 2024) |
Q3 2024 (Sep 30, 2024) |
Q2 2024 (Jun 30, 2024) |
|---|---|---|---|---|---|---|---|
| Total Revenue | $255.77M | $261.28M | $246.35M | $249.93M | $209.86M | $214.07M | $264.63M |
| Revenue Growth % (YoY) | 21.9% | 22.1% | -6.9% | nan% | nan% | nan% | nan% |
| Cost of Revenue | $211.88M | $207.32M | $182.76M | $196.18M | $160.85M | $165.22M | $190.26M |
| Gross Profit | $43.88M | $53.95M | $63.59M | $53.75M | $49.01M | $48.84M | $74.37M |
| Gross Margin % | 17.2% | 20.6% | 25.8% | 21.5% | 23.4% | 22.8% | 28.1% |
| Operating Expenses | $45.12M | $43.47M | $37.52M | $40.63M | $33.12M | $27.75M | $29.45M |
| Selling General & Admin | $6.31M | $4.52M | $8.94M | $8.86M | $9.32M | $15.74M | $6.02M |
| Operating Income | $36.44M | $45.37M | $52.44M | $47.60M | $38.02M | $31.81M | $68.46M |
| Operating Margin % | 14.2% | 17.4% | 21.3% | 19.0% | 18.1% | 14.9% | 25.9% |
| Interest Expense | $44.19M | $129.33M | $81.15M | $54.62M | $22.03M | $95.27M | $35.27M |
| Other Income/Expense | $86.00K | $-67.00K | $20.00K | $21.00K | $28.00K | $-34.00K | $40.00K |
| Income Before Tax | $46.98M | $45.90M | $44.82M | $39.22M | $35.25M | $33.82M | $41.12M |
| Income Tax Expense | $-313.00K | $344.00K | $245.00K | $182.00K | $-54.00K | $150.00K | $57.00K |
| Net Income | $47.29M | $129.17M | $83.61M | $39.03M | $35.30M | $107.38M | $73.71M |
| Net Margin % | 18.5% | 49.4% | 33.9% | 15.6% | 16.8% | 50.2% | 27.9% |
| Breakdown | Q4 2025 (Dec 31, 2025) |
Q3 2025 (Sep 30, 2025) |
Q2 2025 (Jun 30, 2025) |
Q1 2025 (Mar 31, 2025) |
Q4 2024 (Dec 31, 2024) |
Q3 2024 (Sep 30, 2024) |
Q2 2024 (Jun 30, 2024) |
|---|---|---|---|---|---|---|---|
| Cash & Cash Equivalents | $10.89M | $6.91M | $1.44M | $2.11M | $5.38M | $7.32M | $5.11M |
| Inventory | $17.91M | $18.64M | $17.14M | $8.66M | $5.43M | $4.63M | $1.76M |
| Other Current Assets | $4.42M | $1.43M | $1.68M | $1.53M | $24.26M | $1.97M | $1.15M |
| Total Current Assets | $400.77M | $382.79M | $409.85M | $156.91M | $145.89M | $85.94M | $96.57M |
| Property Plant & Equipment | $1.42B | $1.42B | $1.40B | $1.32B | $1.06B | $1.04B | $919.07M |
| Goodwill | $12.20M | $12.20M | $12.20M | $12.20M | $12.20M | $12.20M | $12.20M |
| Intangible Assets | $370.46M | - | - | - | $281.46M | $95.54M | - |
| Other Non-current Assets | $6.62M | $35.44M | $26.27M | $16.46M | $10.75M | $11.06M | $11.72M |
| Total Assets | $2.78B | $2.75B | $2.75B | $2.40B | $2.04B | $1.96B | $1.62B |
| Accounts Payable | $292.91M | $308.40M | $382.37M | $59.95M | $41.38M | - | - |
| Other Current Liabilities | $5.12M | $12.56M | $9.58M | $6.83M | $4.63M | $4.89M | $3.79M |
| Total Current Liabilities | $356.49M | $370.23M | $442.60M | $97.46M | $88.78M | $69.58M | $70.03M |
| Long-term Debt | $2.34B | $2.29B | $2.21B | $2.15B | $1.88B | $1.89B | - |
| Other Non-current Liabilities | $24.12M | $43.64M | $36.83M | $25.38M | $20.21M | $20.72M | $21.17M |
| Total Liabilities & Equity | $2.78B | $2.75B | $2.75B | $2.40B | $2.04B | $1.96B | $1.62B |
| Breakdown | Q4 2025 (Dec 31, 2025) |
Q3 2025 (Sep 30, 2025) |
Q2 2025 (Jun 30, 2025) |
Q1 2025 (Mar 31, 2025) |
Q4 2024 (Dec 31, 2024) |
Q3 2024 (Sep 30, 2024) |
Q2 2024 (Jun 30, 2024) |
|---|---|---|---|---|---|---|---|
| Net Income | $47.29M | $129.17M | $83.61M | $39.03M | $35.30M | $107.38M | $73.71M |
| Depreciation & Amortization | $35.99M | $34.80M | $54.81M | $27.72M | $24.47M | $21.20M | $24.21M |
| Change in Receivables | $22.73M | $20.66M | $26.36M | $-2.51M | $6.55M | $399.00K | $7.84M |
| Operating Cash Flow | $43.20M | $193.91M | $138.97M | $31.55M | $49.90M | $156.44M | $131.50M |
| Capital Expenditure | $30.62M | $237.14M | $169.95M | $55.47M | $46.03M | $83.01M | $26.41M |
| Acquisitions | - | $181.18M | $181.18M | $181.18M | $23.04M | $159.50M | - |
| Investing Cash Flow | $-32.54M | $-411.66M | $-347.68M | $-234.77M | $-70.05M | $-314.53M | $-15.42M |
| Debt Repayment | - | - | - | - | - | $531.25M | $531.25M |
| Stock Repurchased | - | $10.00M | $10.00M | $10.00M | - | - | - |
| Financing Cash Flow | $-6.69M | $219.28M | $204.76M | $199.94M | $18.22M | $161.65M | $-114.72M |
| Net Change in Cash | $3.98M | $1.53M | $-3.95M | $-3.28M | $-1.93M | $3.56M | $1.36M |
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 | $261.28M | $214.07M | $757.56M | $730.77M |
| Cost of Revenue | $207.32M | $165.22M | $586.27M | $536.04M |
| Operating Expenses | $43.47M | $27.75M | $121.63M | $88.89M |
| Selling General & Admin | $4.52M | $15.74M | $22.33M | $26.62M |
| Operating Income | $45.37M | $31.81M | $145.40M | $164.81M |
| Interest Expense | $47.99M | $37.02M | $129.33M | $95.27M |
| Other Income/Expense | $-67.00K | $-34.00K | $-26.00K | $177.00K |
| Income Before Tax | $45.90M | $33.82M | $129.94M | $107.91M |
| Income Tax Expense | $344.00K | $150.00K | $771.00K | $533.00K |
| Net Income | - | - | $129.17M | $107.38M |
Condensed Consolidated Balance Sheets
| Description | Sep 30, 2025 | Dec 31, 2024 |
|---|---|---|
| Cash & Cash Equivalents | $6.91M | $5.38M |
| Inventory | $18.64M | $5.43M |
| Other Current Assets | $1.43M | $24.26M |
| Total Current Assets | $382.79M | $145.89M |
| Property Plant & Equipment | $1.42B | $1.06B |
| Goodwill | $12.20M | $12.20M |
| Other Non-current Assets | $35.44M | $10.75M |
| Total Assets | $2.75B | $2.04B |
| Accounts Payable | $308.40M | $41.38M |
| Other Current Liabilities | $12.56M | $4.63M |
| Total Current Liabilities | $370.23M | $88.78M |
| Long-term Debt | $2.29B | $1.88B |
| Other Non-current Liabilities | $43.64M | $20.21M |
| Total Liabilities & Equity | $2.75B | $2.04B |
Condensed Consolidated Statements of Cash Flows
| Description | Sep 30, 2025 | Sep 30, 2025 | ||
|---|---|---|---|---|
| Current | Prior Year | Current YTD | Prior Year YTD | |
| Net Income | - | - | $129.17M | $107.38M |
| Depreciation & Amortization | $34.80M | $21.20M | $89.61M | $71.91M |
| Change in Receivables | - | - | $20.66M | $399.00K |
| Operating Cash Flow | - | - | $193.91M | $156.44M |
| Capital Expenditure | - | - | $237.14M | $83.01M |
| Acquisitions | - | - | $181.18M | $159.50M |
| Investing Cash Flow | - | - | $-411.66M | $-314.53M |
| Debt Repayment | - | - | - | $531.25M |
| Stock Repurchased | - | - | $10.00M | - |
| Financing Cash Flow | - | - | $219.28M | $161.65M |
| Net Change in Cash | - | - | $1.53M | $3.56M |
All values are in USD (United States Dollars). Data is sourced from SEC EDGAR 10-Q filings.
Quarterly data represents single quarter results (Q1-Q4). Some items may show year-to-date values if quarterly breakdown is unavailable.