$692.85M
Revenue
$-41.80M
Net Income
74.59%
Gross Margin
-3.45%
Op. Margin
$-58.98M
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) |
|---|---|---|---|---|---|---|---|---|
| Total Revenue | $692.85M | $692.85M | $600.48M | $549.30M | $603.49M | $467.69M | $299.95M | $318.04M |
| Revenue Growth % | 0.0% | 15.4% | 9.3% | -9.0% | 29.0% | 55.9% | -5.7% | nan% |
| Cost of Revenue | $176.02M | $176.02M | $152.96M | $173.03M | $254.80M | $194.22M | $112.38M | $114.83M |
| Gross Profit | $516.82M | $516.82M | $447.52M | $376.28M | $348.69M | $273.48M | $187.57M | $203.21M |
| Gross Margin % | 74.6% | 74.6% | 74.5% | 68.5% | 57.8% | 58.5% | 62.5% | 63.9% |
| Operating Expenses | $540.76M | $540.76M | $504.02M | $542.57M | $537.85M | $488.38M | $360.38M | $301.63M |
| Selling General & Admin | $201.59M | $201.59M | $187.74M | $182.45M | $195.16M | $176.42M | $141.76M | $110.66M |
| Operating Income | $-23.93M | $-23.93M | $-56.49M | $-166.29M | $-189.16M | $-214.91M | $-172.82M | $-98.42M |
| Operating Margin % | -3.5% | -3.5% | -9.4% | -30.3% | -31.3% | -46.0% | -57.6% | -30.9% |
| Interest Expense | $30.95M | $17.46M | $10.68M | $10.70M | $10.47M | $21.53M | $5.26M | $616.00K |
| Interest Income | $4.26M | $4.26M | $7.94M | $8.80M | $3.19M | $365.00K | $2.52M | $4.59M |
| Other Income/Expense | $926.00K | $926.00K | - | - | $171.00K | $23.00K | $-169.00K | $-2.10M |
| Income Before Tax | $-41.44M | $-41.44M | $-133.93M | $-168.19M | $-196.27M | $-236.05M | $-175.73M | $-96.55M |
| Income Tax Expense | $363.00K | $363.00K | $276.00K | $283.00K | $172.00K | $56.00K | $101.00K | $199.00K |
| Net Income | $-41.80M | $-41.80M | $-134.20M | $-168.47M | $-196.44M | $-236.11M | $-175.83M | $-96.75M |
| Net Margin % | -6.0% | -6.0% | -22.3% | -30.7% | -32.6% | -50.5% | -58.6% | -30.4% |
| Basic EPS | -0.34 | -0.36 | -1.24 | -1.65 | -2.05 | -2.58 | -2.01 | -2.14 |
| Diluted EPS | -1.08 | -0.70 | -1.24 | -1.65 | -2.05 | -2.58 | -2.01 | -2.14 |
| Basic Shares Outstanding | - | 114.9M | 107.9M | 101.8M | 95.9M | 91.4M | 87.6M | 47.5M |
| Diluted Shares Outstanding | - | 116.5M | 107.9M | 101.8M | 95.9M | 91.4M | 87.6M | 47.5M |
| 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) |
|---|---|---|---|---|---|---|---|
| Cash & Cash Equivalents | $151.23M | $172.21M | $175.71M | $293.79M | $418.17M | $350.85M | $154.45M |
| Accounts Receivable | $23.82M | $13.96M | $17.23M | $12.21M | $7.77M | $7.21M | $7.78M |
| Inventory | $30.84M | $23.58M | $22.25M | $42.97M | $71.02M | $42.32M | $23.60M |
| Other Current Assets | $21.59M | $22.91M | $20.77M | $23.29M | $20.86M | $17.07M | $13.80M |
| Total Current Assets | $227.49M | $232.67M | $235.95M | $372.26M | $517.81M | $421.47M | $408.44M |
| Property Plant & Equipment | $96.15M | $94.44M | $104.09M | $112.68M | $89.29M | $63.45M | $55.83M |
| Other Non-current Assets | $5.95M | $5.36M | $5.63M | $2.75M | $2.54M | $2.05M | $2.66M |
| Total Assets | $409.03M | $423.10M | $446.92M | $615.64M | $754.94M | $605.11M | $466.93M |
| Accounts Payable | $14.56M | $11.00M | $8.96M | $11.90M | $4.50M | $14.35M | $11.16M |
| Accrued Liabilities | $111.50M | $89.72M | $77.12M | $81.54M | $71.04M | $57.05M | $52.82M |
| Deferred Revenue | $3.11M | $2.44M | - | - | - | - | - |
| Other Current Liabilities | $113.53M | $98.47M | $82.69M | $93.29M | - | - | - |
| Total Current Liabilities | $264.24M | $248.68M | $188.86M | $207.51M | $187.99M | $148.26M | $118.55M |
| Other Non-current Liabilities | $7.35M | $6.14M | $4.08M | $3.25M | $2.29M | $1.28M | $9.46M |
| Total Liabilities | $824.55M | $830.47M | $750.22M | $785.73M | $681.82M | $413.82M | $128.00M |
| Common Stock | $1.00K | $1.00K | $1.00K | $1.00K | $1.00K | $1.00K | $1.00K |
| Retained Earnings | $-1.30B | $-1.25B | $-1.12B | $-951.15M | $-768.13M | $-532.02M | $-354.51M |
| Total Stockholders Equity | $-415.52M | $-407.38M | $-303.30M | $-170.09M | $73.13M | $191.29M | $338.93M |
| Total Liabilities & Equity | $409.03M | $423.10M | $446.92M | $615.64M | $754.94M | $605.11M | $466.93M |
| 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) |
|---|---|---|---|---|---|---|---|---|
| Net Income | $-41.80M | $-41.80M | $-134.20M | $-168.47M | $-196.44M | $-236.11M | $-175.83M | $-96.75M |
| Depreciation & Amortization | $58.01M | $33.00M | $33.10M | $31.70M | $27.67M | $23.53M | $18.84M | $13.41M |
| Stock-based Compensation | $51.87M | $28.94M | $29.08M | $34.27M | $46.14M | $48.80M | $24.32M | $7.71M |
| Change in Receivables | $36.95M | $12.47M | $-767.00K | $6.98M | $6.12M | $1.59M | $337.00K | $1.58M |
| Change in Inventory | $19.57M | $9.47M | $3.68M | $-10.94M | $-28.05M | $28.69M | $20.41M | $13.24M |
| Change in Payables | $5.75M | $1.61M | $910.00K | $-425.00K | $4.95M | $-9.99M | $2.80M | $6.01M |
| Operating Cash Flow | $-23.10M | $37.01M | $26.85M | $-61.27M | $-91.56M | $-142.15M | $-134.42M | $-54.49M |
| Capital Expenditure | $35.88M | $18.64M | $14.25M | $29.18M | $22.86M | $37.47M | $18.25M | $24.76M |
| Investing Cash Flow | $-51.77M | $-29.22M | $-25.59M | $-42.13M | $-36.92M | $-43.44M | $178.00M | $-215.36M |
| Debt Repayment | - | - | - | - | - | - | - | $9.25M |
| Stock Issued | - | - | - | $886.00K | $1.40M | $2.34M | $972.00K | - |
| Financing Cash Flow | $-56.79M | $-28.87M | $-4.76M | $226.00K | $4.10M | $252.91M | $152.81M | $378.67M |
| Net Change in Cash | $-131.66M | $-21.08M | $-3.50M | $-103.17M | $-124.38M | $67.33M | $196.40M | $108.82M |
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 | $173.57M | - | $498.79M | - |
| Cost of Revenue | $44.65M | - | $127.17M | - |
| Gross Profit | $128.92M | - | $371.62M | - |
| Operating Expenses | $136.47M | - | $401.82M | - |
| Selling General & Admin | $51.62M | - | $149.61M | - |
| Operating Income | $-7.55M | - | $-30.21M | - |
| Interest Expense | $7.08M | - | $17.44M | - |
| Interest Income | $818.00K | - | $3.30M | - |
| Other Income/Expense | $34.00K | - | $642.00K | - |
| Income Before Tax | $-54.03M | - | $-2.81M | - |
| Income Tax Expense | $24.00K | - | $208.00K | - |
| Net Income | $-54.05M | $-16.71M | $-3.02M | - |
| Basic EPS | -0.47 | - | -0.03 | - |
| Diluted EPS | -0.49 | - | -0.38 | - |
| Basic Shares Outstanding | $115.89M | - | $113.79M | - |
| Diluted Shares Outstanding | $116.77M | - | $121.90M | - |
Condensed Consolidated Balance Sheets
| Description | Sep 30, 2025 | Dec 31, 2024 |
|---|---|---|
| Cash & Cash Equivalents | $108.42M | $172.21M |
| Accounts Receivable | $24.34M | $13.96M |
| Inventory | $29.70M | $23.58M |
| Other Current Assets | $19.96M | $22.91M |
| Total Current Assets | $182.42M | $232.67M |
| Property Plant & Equipment | $94.71M | $94.44M |
| Other Non-current Assets | $5.76M | $5.36M |
| Total Assets | $366.21M | $423.10M |
| Accounts Payable | $11.12M | $11.00M |
| Accrued Liabilities | $86.80M | $89.72M |
| Other Current Liabilities | $104.09M | $98.47M |
| Total Current Liabilities | $226.09M | $248.68M |
| Other Non-current Liabilities | $5.55M | $6.14M |
| Total Liabilities | $751.26M | $830.47M |
| Common Stock | $1.00K | $1.00K |
| Retained Earnings | $-1.26B | $-1.25B |
| Total Stockholders Equity | $-385.05M | $-407.38M |
| Total Liabilities & Equity | $366.21M | $423.10M |
Condensed Consolidated Statements of Cash Flows
| Description | Sep 30, 2025 | Sep 30, 2025 | ||
|---|---|---|---|---|
| Current | Prior Year | Current YTD | Prior Year YTD | |
| Net Income | $-54.05M | $-16.71M | $-3.02M | - |
| Depreciation & Amortization | - | - | $24.84M | - |
| Stock-based Compensation | - | - | $22.17M | - |
| Change in Receivables | - | - | $12.43M | - |
| Change in Inventory | - | - | $8.34M | - |
| Change in Payables | - | - | $663.00K | - |
| Operating Cash Flow | - | - | $-12.51M | - |
| Capital Expenditure | - | - | $14.96M | - |
| Investing Cash Flow | - | - | $-22.30M | - |
| Financing Cash Flow | - | - | $-29.03M | - |
| Net Change in Cash | - | - | $-63.84M | - |
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.