$6.15B
Revenue
$342.00M
Net Income
25.89%
Gross Margin
4.75%
Op. Margin
$954.00M
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) |
Q1 2024 (Mar 31, 2024) |
Q4 2023 (Dec 31, 2023) |
Q3 2023 (Sep 30, 2023) |
Q2 2023 (Jun 30, 2023) |
Q1 2023 (Mar 31, 2023) |
Q4 2022 (Dec 31, 2022) |
Q3 2022 (Sep 30, 2022) |
Q2 2022 (Jun 30, 2022) |
Q1 2022 (Mar 31, 2022) |
Q4 2021 (Dec 31, 2021) |
Q3 2021 (Sep 30, 2021) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | $1.63B | $1.63B | $1.55B | $1.34B | $1.34B | $1.30B | $1.24B | $1.07B | $1.04B | $1.03B | $978.00M | $819.00M | $768.00M | $752.00M | $675.00M | $535.00M | $514.87M | $486.38M |
| Revenue Growth % (YoY) | 22.0% | 25.1% | 24.8% | 24.4% | 29.2% | 26.5% | 27.0% | 31.3% | 34.9% | 37.2% | 44.9% | 53.1% | 49.2% | 54.6% | nan% | nan% | nan% | nan% |
| Cost of Revenue | $1.21B | $1.20B | $1.16B | $991.00M | $1.00B | $983.00M | $956.00M | $826.00M | $810.00M | $806.00M | $770.00M | $645.00M | $610.00M | $601.00M | $562.00M | $446.00M | $438.90M | $403.12M |
| Gross Profit | $423.00M | $432.00M | $392.00M | $346.00M | $333.00M | $322.00M | $286.00M | $249.00M | $226.00M | $226.00M | $208.00M | $174.00M | $158.00M | $151.00M | $113.00M | $89.00M | $75.97M | $83.25M |
| Gross Margin % | 25.9% | 26.5% | 25.3% | 25.9% | 24.9% | 24.7% | 23.0% | 23.2% | 21.8% | 21.9% | 21.3% | 21.2% | 20.6% | 20.1% | 16.7% | 16.6% | 14.8% | 17.1% |
| Operating Expenses | $338.00M | $348.00M | $312.00M | $303.00M | $301.00M | $288.00M | $281.00M | $305.00M | $282.00M | $285.00M | $288.00M | $266.00M | $257.00M | $236.00M | $212.00M | $190.00M | $193.45M | $136.96M |
| Research & Development | $97.00M | $102.00M | $91.00M | $84.00M | $93.00M | $89.00M | $87.00M | $83.00M | $94.00M | $87.00M | $92.00M | $85.00M | $79.00M | $74.00M | $67.00M | $62.00M | $50.02M | $39.70M |
| Operating Income | $85.00M | $84.00M | $80.00M | $43.00M | $32.00M | $34.00M | $5.00M | $-56.00M | $-56.00M | $-59.00M | $-80.00M | $-92.00M | $-99.00M | $-85.00M | $-99.00M | $-101.00M | $-117.47M | $-53.70M |
| Operating Margin % | 5.2% | 5.1% | 5.2% | 3.2% | 2.4% | 2.6% | 0.4% | -5.2% | -5.4% | -5.7% | -8.2% | -11.2% | -12.9% | -11.3% | -14.7% | -18.9% | -22.8% | -11.0% |
| Interest Expense | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $-403.00K | $247.00K |
| Interest Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $-61.00K | $8.00K |
| Other Income/Expense | - | - | - | - | - | $15.00M | - | - | $3.00M | - | - | - | $2.00M | $1.00M | - | $-1.00M | $-42.00K | $-39.00K |
| Income Before Tax | $101.00M | $104.00M | $83.00M | $58.00M | $32.00M | $57.00M | $14.00M | $-82.00M | $-35.00M | $-31.00M | $-97.00M | $-81.00M | $-98.00M | $-102.00M | $-54.00M | $-23.00M | $770.00K | $-252.37M |
| Income Tax Expense | - | $-1.00M | $3.00M | $2.00M | - | $1.00M | - | $1.00M | $1.00M | - | $1.00M | - | $2.00M | $-4.00M | - | - | $623.00K | $129.00K |
| Net Income | $101.00M | $105.00M | $80.00M | $56.00M | $32.00M | $56.00M | $14.00M | $-83.00M | $-36.00M | $-31.00M | $-98.00M | $-81.00M | $-100.00M | $-98.00M | $-54.00M | $-23.00M | $147.00K | $-252.50M |
| Net Margin % | 6.2% | 6.4% | 5.2% | 4.2% | 2.4% | 4.3% | 1.1% | -7.7% | -3.5% | -3.0% | -10.0% | -9.9% | -13.0% | -13.0% | -8.0% | -4.3% | 0.0% | -51.9% |
| Basic EPS | 0.17 | 0.18 | 0.14 | 0.10 | 0.05 | 0.10 | 0.03 | -0.15 | -0.06 | -0.06 | -0.19 | -0.15 | -0.20 | -0.19 | -0.11 | -0.05 | 0.54 | -1.05 |
| Diluted EPS | 0.17 | 0.16 | 0.13 | 0.09 | 0.05 | 0.07 | 0.02 | -0.15 | -0.07 | -0.09 | -0.19 | -0.16 | -0.18 | -0.19 | -0.11 | -0.20 | 0.54 | -1.05 |
| Basic Shares Outstanding | - | 585.0M | 580.0M | 575.0M | 3.0M | 563.0M | 556.0M | 547.0M | 2.5M | 535.2M | 529.2M | 524.1M | 2.2M | 513.7M | 509.5M | 505.4M | 69.8M | 239.4M |
| Diluted Shares Outstanding | - | 609.0M | 605.0M | 603.0M | 35.0M | 590.0M | 587.0M | 547.0M | 3.5M | 536.5M | 529.2M | 524.9M | 2.2M | 513.7M | 509.5M | 507.0M | 69.8M | 239.4M |
| 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) |
Q1 2024 (Mar 31, 2024) |
Q4 2023 (Dec 31, 2023) |
Q3 2023 (Sep 30, 2023) |
Q2 2023 (Jun 30, 2023) |
Q1 2023 (Mar 31, 2023) |
Q4 2022 (Dec 31, 2022) |
Q3 2022 (Sep 30, 2022) |
Q2 2022 (Jun 30, 2022) |
Q1 2022 (Mar 31, 2022) |
Q4 2021 (Dec 31, 2021) |
Q3 2021 (Sep 30, 2021) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Cash Equivalents | $1.35B | $1.36B | $1.19B | $1.00B | $903.00M | $761.00M | $691.00M | $578.00M | $605.00M | $514.00M | $488.00M | $451.00M | $547.00M | $644.00M | $697.00M | $757.00M | $809.00M | $1.30B |
| Accounts Receivable | $127.00M | $121.00M | $121.00M | $118.00M | $115.00M | $105.00M | $101.00M | $86.00M | $69.00M | $95.00M | $115.00M | $97.00M | $77.00M | $78.00M | $68.00M | $56.00M | $55.00M | $52.73M |
| Inventory | $114.00M | $104.00M | $103.00M | $111.00M | $118.00M | $106.00M | $110.00M | $120.00M | $118.00M | $98.00M | $107.00M | $112.00M | $110.00M | $95.00M | $62.00M | $44.00M | $42.00M | $38.66M |
| Other Current Assets | $437.00M | $413.00M | $391.00M | $404.00M | $325.00M | $319.00M | $309.00M | $330.00M | $259.00M | $201.00M | $191.00M | $202.00M | $199.00M | $136.00M | $141.00M | $135.00M | $92.00M | $79.56M |
| Total Current Assets | $2.67B | $2.50B | $2.32B | $2.12B | $1.98B | $1.80B | $1.74B | $1.65B | $1.57B | $1.48B | $1.46B | $1.41B | $1.41B | $1.40B | $1.49B | $1.48B | $1.49B | $1.50B |
| Property Plant & Equipment | $105.00M | $100.00M | $96.00M | $93.00M | $98.00M | $95.00M | $90.00M | $82.00M | $75.00M | $69.00M | $61.00M | $70.00M | $61.00M | $54.00M | $45.00M | $42.00M | $41.00M | $42.38M |
| Goodwill | $113.00M | $113.00M | $113.00M | $113.00M | $113.00M | $113.00M | $113.00M | $113.00M | $113.00M | $113.00M | $113.00M | $113.00M | $107.00M | $107.00M | $74.00M | $74.00M | $74.00M | $74.74M |
| Intangible Assets | $14.00M | $16.00M | $17.00M | $19.00M | $20.00M | $22.00M | $23.00M | $25.00M | $26.00M | $28.00M | $30.00M | $31.00M | $29.00M | $31.00M | $13.00M | $15.00M | $16.00M | $17.19M |
| Other Non-current Assets | $146.00M | $148.00M | $139.00M | $127.00M | $118.00M | $108.00M | $99.00M | $90.00M | $83.00M | $13.00M | $16.00M | $18.00M | $14.00M | $37.00M | $24.00M | $17.00M | $6.00M | $3.78M |
| Total Assets | $3.15B | $2.97B | $2.77B | $2.56B | $2.41B | $2.23B | $2.15B | $2.05B | $1.96B | $1.83B | $1.79B | $1.79B | $1.76B | $1.74B | $1.75B | $1.73B | $1.74B | $1.66B |
| Accounts Payable | $47.00M | $50.00M | $49.00M | $48.00M | $37.00M | $30.00M | $33.00M | $49.00M | $32.00M | $27.00M | $42.00M | $36.00M | $30.00M | $28.00M | $37.00M | $29.00M | $40.00M | $33.70M |
| Accrued Liabilities | $74.00M | - | - | - | $69.00M | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Deferred Revenue | $68.00M | $63.00M | $60.00M | $58.00M | $59.00M | $62.00M | $62.00M | $50.00M | $39.00M | $38.00M | $41.00M | $43.00M | $39.00M | $40.00M | $43.00M | $42.00M | $44.00M | $46.87M |
| Total Current Liabilities | $969.00M | $911.00M | $894.00M | $844.00M | $811.00M | $748.00M | $736.00M | $713.00M | $663.00M | $574.00M | $584.00M | $538.00M | $496.00M | $457.00M | $457.00M | $404.00M | $352.00M | $286.78M |
| Long-term Debt | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Non-current Liabilities | $13.00M | $8.00M | $9.00M | $6.00M | $6.00M | $5.00M | $6.00M | $6.00M | $4.00M | $3.00M | $5.00M | $11.00M | $12.00M | $15.00M | $16.00M | $18.00M | $22.00M | $23.87M |
| Total Liabilities | $1.02B | $957.00M | $949.00M | $891.00M | $863.00M | $807.00M | $872.00M | $849.00M | $764.00M | $685.00M | $716.00M | $697.00M | $663.00M | $622.00M | $600.00M | $591.00M | $644.00M | $647.78M |
| Common Stock | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Retained Earnings | $-1.26B | $-1.36B | $-1.47B | $-1.55B | $-1.60B | $-1.64B | $-1.69B | $-1.71B | $-1.62B | $-1.59B | $-1.56B | $-1.46B | $-1.38B | $-1.28B | $-1.18B | $-1.12B | $-1.10B | $-1.10B |
| Treasury Stock | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $665.00K |
| Total Stockholders Equity | $2.12B | $2.01B | $1.82B | $1.67B | $1.54B | $1.42B | $1.28B | $1.20B | $1.19B | $1.15B | $1.08B | $1.10B | $1.10B | $1.12B | $1.15B | $1.14B | $1.09B | $1.01B |
| Total Liabilities & Equity | $3.15B | $2.97B | $2.77B | $2.56B | $2.41B | $2.23B | $2.15B | $2.05B | $1.96B | $1.83B | $1.79B | $1.79B | $1.76B | $1.74B | $1.75B | $1.73B | $1.74B | $1.66B |
| 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) |
Q1 2024 (Mar 31, 2024) |
Q4 2023 (Dec 31, 2023) |
Q3 2023 (Sep 30, 2023) |
Q2 2023 (Jun 30, 2023) |
Q1 2023 (Mar 31, 2023) |
Q4 2022 (Dec 31, 2022) |
Q3 2022 (Sep 30, 2022) |
Q2 2022 (Jun 30, 2022) |
Q1 2022 (Mar 31, 2022) |
Q4 2021 (Dec 31, 2021) |
Q3 2021 (Sep 30, 2021) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $101.00M | $105.00M | $136.00M | $56.00M | $32.00M | $56.00M | $14.00M | $-83.00M | $-36.00M | $-210.00M | $-179.00M | $-81.00M | $-100.00M | $-175.00M | $-54.00M | $-23.00M | $147.00K | $-487.15M |
| Depreciation & Amortization | $16.00M | $48.00M | $35.00M | $19.00M | $11.00M | $35.00M | $23.00M | $11.00M | $10.00M | $22.00M | $14.00M | $6.00M | $6.00M | $18.00M | $12.00M | $6.00M | $5.38M | $15.62M |
| Stock-based Compensation | $56.00M | $186.00M | $120.00M | $60.00M | $60.00M | $193.00M | $133.00M | $66.00M | $71.00M | $206.00M | $135.00M | $63.00M | $61.00M | $167.00M | $110.00M | $53.00M | $44.79M | $95.21M |
| Change in Receivables | $13.00M | $20.00M | $16.00M | $9.00M | $18.00M | $54.00M | $45.00M | $22.00M | $-21.00M | $24.00M | $42.00M | $20.00M | $5.00M | $30.00M | $15.00M | $2.00M | $2.92M | $20.08M |
| Change in Inventory | $10.00M | $-14.00M | $-15.00M | $-7.00M | $12.00M | $-12.00M | $-8.00M | $2.00M | $20.00M | $-13.00M | $-4.00M | $1.00M | $15.00M | $53.00M | $20.00M | $2.00M | $3.66M | $19.34M |
| Change in Payables | - | $11.00M | $13.00M | $10.00M | $6.00M | $-1.00M | $2.00M | $16.00M | $4.00M | $-3.00M | $12.00M | $6.00M | $1.00M | $-12.00M | $-4.00M | $-12.00M | $6.79M | $8.21M |
| Operating Cash Flow | $194.00M | $467.00M | $302.00M | $79.00M | $147.00M | $213.00M | $104.00M | $-20.00M | $92.00M | $43.00M | $-5.00M | $-55.00M | $-19.00M | $-137.00M | $-68.00M | $-47.00M | $-31.97M | $33.97M |
| Capital Expenditure | $16.00M | $37.00M | $25.00M | $10.00M | $13.00M | $41.00M | $29.00M | $13.00M | $11.00M | $4.00M | $4.00M | $2.00M | $3.00M | $13.00M | $7.00M | $2.00M | $1.43M | $10.57M |
| Acquisitions | - | - | - | - | - | - | - | - | - | $9.00M | $9.00M | $9.00M | - | $46.00M | - | - | $-142.00K | $26.14M |
| Sales of Investments | $83.00M | $253.00M | $193.00M | $102.00M | $72.00M | $290.00M | $219.00M | $111.00M | $142.00M | $414.00M | $315.00M | $147.00M | $179.00M | $190.00M | $78.00M | $12.00M | $5.00M | - |
| Investing Cash Flow | $-152.00M | $-20.00M | $-16.00M | $22.00M | $-15.00M | $-24.00M | $-33.00M | $-29.00M | $-1.00M | $-85.00M | $-54.00M | $-42.00M | $-73.00M | $-25.00M | $-42.00M | $-3.00M | $-460.58M | $-42.42M |
| Stock Issued | $3.00M | $78.00M | $40.00M | $26.00M | $15.00M | $84.00M | $55.00M | $28.00M | $5.00M | $31.00M | $15.00M | - | $3.00M | - | - | - | - | - |
| Stock Repurchased | $53.00M | $54.00M | $31.00M | $17.00M | - | $56.00M | $36.00M | $4.00M | - | - | - | - | - | - | - | - | - | - |
| Financing Cash Flow | $-63.00M | $70.00M | $51.00M | $73.00M | $11.00M | $7.00M | $47.00M | $73.00M | $5.00M | $58.00M | $46.00M | $48.00M | $2.00M | $36.00M | $42.00M | $29.00M | $3.09M | $755.91M |
| Net Change in Cash | $-22.00M | $520.00M | $340.00M | - | $141.00M | - | - | - | - | - | - | - | - | - | - | - | - | - |
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 | $1.63B | $1.30B | $4.52B | $3.62B |
| Cost of Revenue | $1.20B | $983.00M | $3.35B | $2.77B |
| Gross Profit | $432.00M | $322.00M | $1.17B | $857.00M |
| Operating Expenses | $348.00M | $288.00M | $963.00M | $873.00M |
| Research & Development | $102.00M | $89.00M | $277.00M | $258.00M |
| Operating Income | $84.00M | $34.00M | $207.00M | $-16.00M |
| Other Income/Expense | - | $15.00M | - | $13.00M |
| Income Before Tax | $104.00M | $57.00M | $245.00M | $-10.00M |
| Income Tax Expense | $-1.00M | $1.00M | $4.00M | $3.00M |
| Net Income | $105.00M | $56.00M | $241.00M | $-13.00M |
| Basic EPS | 0.18 | 0.10 | 0.42 | -0.02 |
| Diluted EPS | 0.16 | 0.07 | 0.39 | -0.02 |
| Basic Shares Outstanding | $585.00M | $563.00M | $580.00M | $556.00M |
| Diluted Shares Outstanding | $609.00M | $590.00M | $606.00M | $556.00M |
Condensed Consolidated Balance Sheets
| Description | Sep 30, 2025 | Dec 31, 2024 |
|---|---|---|
| Cash & Cash Equivalents | $1.36B | $903.00M |
| Accounts Receivable | $121.00M | $115.00M |
| Inventory | $104.00M | $118.00M |
| Other Current Assets | $413.00M | $325.00M |
| Total Current Assets | $2.50B | $1.98B |
| Property Plant & Equipment | $100.00M | $98.00M |
| Goodwill | $113.00M | $113.00M |
| Intangible Assets | $16.00M | $20.00M |
| Other Non-current Assets | $148.00M | $118.00M |
| Total Assets | $2.97B | $2.41B |
| Accounts Payable | $50.00M | $37.00M |
| Deferred Revenue | $63.00M | $59.00M |
| Total Current Liabilities | $911.00M | $811.00M |
| Other Non-current Liabilities | $8.00M | $6.00M |
| Total Liabilities | $957.00M | $863.00M |
| Common Stock | - | - |
| Retained Earnings | $-1.36B | $-1.60B |
| Total Stockholders Equity | $2.01B | $1.54B |
| Total Liabilities & Equity | $2.97B | $2.41B |
Condensed Consolidated Statements of Cash Flows
| Description | Sep 30, 2025 | Sep 30, 2025 | ||
|---|---|---|---|---|
| Current | Prior Year | Current YTD | Prior Year YTD | |
| Net Income | $105.00M | $56.00M | $241.00M | $-13.00M |
| Depreciation & Amortization | - | - | $48.00M | $35.00M |
| Stock-based Compensation | - | - | $186.00M | $193.00M |
| Change in Receivables | - | - | $20.00M | $54.00M |
| Change in Inventory | - | - | $-14.00M | $-12.00M |
| Change in Payables | - | - | $11.00M | $-1.00M |
| Operating Cash Flow | - | - | $467.00M | $213.00M |
| Capital Expenditure | - | - | $37.00M | $41.00M |
| Sales of Investments | - | - | $253.00M | $290.00M |
| Investing Cash Flow | - | - | $-20.00M | $-24.00M |
| Stock Issued | - | - | $78.00M | $84.00M |
| Stock Repurchased | - | - | $54.00M | $56.00M |
| Financing Cash Flow | - | - | $70.00M | $7.00M |
| Net Change in Cash | - | - | $520.00M | $197.00M |
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.