$401.01M
Revenue
$-21.62M
Net Income
-
Gross Margin
-7.63%
Op. Margin
$206.26M
Free Cash Flow
| Breakdown | TTM (Dec 31, 2025) |
FY 2025 (Dec 31, 2025) |
FY 2024 (Dec 31, 2024) |
FY 2023 (Dec 31, 2023) |
|---|---|---|---|---|
| Total Revenue | $401.01M | $401.01M | $282.81M | $380.72M |
| Revenue Growth % | 0.0% | 41.8% | -25.7% | nan% |
| Operating Expenses | $431.59M | $431.59M | $289.67M | $504.50M |
| Operating Income | $-30.58M | $-30.58M | $-6.86M | $-123.78M |
| Operating Margin % | -7.6% | -7.6% | -2.4% | -32.5% |
| Interest Expense | $15.40M | $15.40M | $7.00M | $4.42M |
| Interest Income | $618.00K | $618.00K | $1.08M | $461.00K |
| Other Income/Expense | $8.96M | $8.96M | $30.36M | $19.79M |
| Net Income | $-21.62M | $-21.62M | $23.50M | $-103.99M |
| Net Margin % | -5.4% | -5.4% | 8.3% | -27.3% |
| Basic EPS | -0.43 | -0.43 | 0.66 | -3.44 |
| Diluted EPS | -0.43 | -0.43 | 0.65 | -3.44 |
| Basic Shares Outstanding | - | 49.8M | 35.6M | 30.3M |
| Diluted Shares Outstanding | - | 49.8M | 36.1M | 30.3M |
| Breakdown | FY 2025 (Dec 31, 2025) |
FY 2024 (Dec 31, 2024) |
FY 2023 (Dec 31, 2023) |
|---|---|---|---|
| Cash & Cash Equivalents | $9.37M | $7.30M | $4.50M |
| Accounts Receivable | $52.39M | $39.69M | $32.23M |
| Other Current Assets | $15.29M | $11.04M | $12.41M |
| Total Current Assets | $95.33M | $64.45M | $55.19M |
| Property Plant & Equipment | $1.24B | $951.39M | $629.32M |
| Other Non-current Assets | $18.93M | $15.00M | $11.10M |
| Total Assets | $1.35B | $1.03B | $695.61M |
| Accounts Payable | $27.98M | $18.22M | $8.60M |
| Accrued Liabilities | $45.78M | $38.93M | $23.36M |
| Other Current Liabilities | $1.60M | $1.35M | $1.36M |
| Total Current Liabilities | $153.92M | $66.34M | $39.12M |
| Long-term Debt | $291.10M | $157.10M | $28.10M |
| Other Non-current Liabilities | $218.15M | $197.99M | $154.60M |
| Total Liabilities & Equity | $1.35B | $1.03B | $695.61M |
| Breakdown | TTM (Dec 31, 2025) |
FY 2025 (Dec 31, 2025) |
FY 2024 (Dec 31, 2024) |
FY 2023 (Dec 31, 2023) |
|---|---|---|---|---|
| Net Income | $-21.62M | $-21.62M | $23.50M | $-103.99M |
| Depreciation & Amortization | $118.00M | $96.57M | $52.41M | $44.29M |
| Stock-based Compensation | $27.80M | $16.30M | $6.17M | $3.47M |
| Change in Working Capital | $20.93M | $8.29M | $-6.91M | $-6.64M |
| Change in Receivables | $7.68M | $12.77M | $7.99M | $-19.68M |
| Operating Cash Flow | $206.26M | $118.19M | $109.30M | $77.15M |
| Investing Cash Flow | $-391.73M | $-335.32M | $-288.28M | $-46.22M |
| Debt Repayment | $529.00M | $271.50M | $122.00M | $178.00M |
| Financing Cash Flow | $191.72M | $219.20M | $181.78M | $-35.63M |
| Net Change in Cash | $6.25M | $2.07M | $2.80M | $-4.70M |
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 | $100.88M | $68.73M | $275.08M | $193.48M |
| Operating Expenses | $97.12M | $73.70M | $278.62M | $205.85M |
| Operating Income | $3.76M | $-4.97M | $-3.54M | $-12.37M |
| Interest Expense | $4.50M | $1.86M | $10.70M | $3.88M |
| Interest Income | $113.00K | $700.00K | $516.00K | $947.00K |
| Other Income/Expense | $592.00K | $5.17M | $10.17M | $25.65M |
| Net Income | $4.35M | $203.00K | $6.63M | $13.28M |
| Basic EPS | 0.08 | 0.01 | 0.14 | 0.39 |
| Diluted EPS | 0.08 | 0.01 | 0.14 | 0.39 |
| Basic Shares Outstanding | $54.78M | $39.27M | $48.08M | $33.76M |
| Diluted Shares Outstanding | $55.81M | $39.83M | $49.01M | $34.34M |
Condensed Consolidated Balance Sheets
| Description | Sep 30, 2025 | Dec 31, 2024 |
|---|---|---|
| Cash & Cash Equivalents | $5.31M | $7.30M |
| Accounts Receivable | $45.60M | $39.69M |
| Other Current Assets | $14.92M | $11.04M |
| Total Current Assets | $76.92M | $64.45M |
| Property Plant & Equipment | $1.28B | $951.39M |
| Other Non-current Assets | $14.71M | $15.00M |
| Total Assets | $1.38B | $1.03B |
| Accounts Payable | $29.66M | $18.22M |
| Accrued Liabilities | $47.18M | $38.93M |
| Other Current Liabilities | $1.79M | $1.35M |
| Total Current Liabilities | $160.62M | $66.34M |
| Long-term Debt | $271.10M | $157.10M |
| Other Non-current Liabilities | $208.22M | $197.99M |
| Total Liabilities & Equity | $1.38B | $1.03B |
Condensed Consolidated Statements of Cash Flows
| Description | Sep 30, 2025 | Sep 30, 2025 | ||
|---|---|---|---|---|
| Current | Prior Year | Current YTD | Prior Year YTD | |
| Net Income | $4.35M | $203.00K | $6.63M | $13.28M |
| Depreciation & Amortization | $23.70M | $13.57M | $66.81M | $34.42M |
| Stock-based Compensation | - | - | $12.84M | $4.57M |
| Change in Working Capital | - | - | $5.94M | $-3.61M |
| Change in Receivables | - | - | $4.67M | $3.00M |
| Operating Cash Flow | - | - | $85.73M | $68.79M |
| Investing Cash Flow | - | - | $-305.43M | $-273.01M |
| Debt Repayment | - | - | $246.50M | $95.00M |
| Financing Cash Flow | - | - | $217.70M | $203.56M |
| Net Change in Cash | - | - | $-2.00M | $-659.00K |
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.