$211.08M
Revenue
$-51.06M
Net Income
69.32%
Gross Margin
-18.48%
Op. Margin
$-120.27M
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) |
FY 2018 (Dec 31, 2018) |
|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | $211.08M | $211.08M | $166.03M | $165.15M | $161.70M | $126.68M | $84.68M | $89.56M | $61.21M |
| Revenue Growth % | 0.0% | 27.1% | 0.5% | 2.1% | 27.6% | 49.6% | -5.5% | 46.3% | nan% |
| Cost of Revenue | $64.77M | $64.77M | $56.50M | $58.17M | $55.10M | $41.28M | $32.17M | $34.70M | $25.09M |
| Gross Profit | $146.31M | $146.31M | $109.53M | $106.98M | $106.59M | $85.40M | $52.50M | $54.86M | $36.12M |
| Gross Margin % | 69.3% | 69.3% | 66.0% | 64.8% | 65.9% | 67.4% | 62.0% | 61.3% | 59.0% |
| Operating Expenses | $185.32M | $185.32M | $159.51M | $172.00M | $146.25M | $110.54M | $80.42M | $85.80M | $59.98M |
| Research & Development | $20.25M | $20.25M | $19.71M | $26.43M | $20.27M | $18.32M | $13.79M | $14.99M | $12.69M |
| Selling General & Admin | $165.07M | $165.07M | $139.81M | $145.57M | $125.98M | $92.23M | $66.62M | $70.81M | $47.30M |
| Operating Income | $-39.01M | $-39.01M | $-49.99M | $-65.03M | $-39.66M | $-25.14M | $-27.92M | $-30.94M | $-23.86M |
| Operating Margin % | -18.5% | -18.5% | -30.1% | -39.4% | -24.5% | -19.8% | -33.0% | -34.5% | -39.0% |
| Interest Expense | $35.90M | $20.54M | $9.81M | $15.39M | $11.76M | $9.06M | $9.37M | $8.70M | $8.81M |
| Interest Income | $423.00K | $423.00K | $1.48M | $1.02M | $87.00K | $23.00K | $15.00K | $4.00K | $16.00K |
| Other Income/Expense | $5.82M | $5.82M | $-15.29M | $816.00K | $-3.18M | $-6.27M | $-2.68M | $-1.21M | $-2.39M |
| Income Before Tax | $-58.02M | $-58.02M | $-84.63M | $-78.58M | $-72.82M | $-39.71M | $-38.02M | $-37.51M | $-20.88M |
| Income Tax Expense | $-6.96M | $-6.96M | $-32.00K | $-81.00K | $2.38M | $1.43M | $104.00K | $640.00K | $215.00K |
| Net Income | $-51.06M | $-51.06M | $-84.60M | $-78.50M | $-75.21M | $-41.14M | $-38.12M | $-38.15M | $-21.10M |
| Net Margin % | -24.2% | -24.2% | -51.0% | -47.5% | -46.5% | -32.5% | -45.0% | -42.6% | -34.5% |
| Basic EPS | nan | -1.72 | -3.00 | -3.07 | -3.08 | -1.72 | -1.63 | -1.86 | nan |
| Diluted EPS | nan | -1.72 | -3.00 | -3.07 | -3.08 | -1.72 | -1.63 | -1.86 | nan |
| Basic Shares Outstanding | 65K | 29.6M | 28.2M | 25.6M | 24.5M | 24.0M | 23.3M | 20.5M | - |
| Diluted Shares Outstanding | 65K | 29.6M | 28.2M | 25.6M | 24.5M | 24.0M | 23.3M | 20.5M | - |
| 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) |
FY 2018 (Dec 31, 2018) |
|---|---|---|---|---|---|---|---|---|
| Cash & Cash Equivalents | $75.57M | $90.35M | $40.03M | $66.36M | $53.41M | $84.52M | $37.66M | $52.64M |
| Accounts Receivable | $77.50M | $65.00M | $46.92M | $35.42M | $24.44M | $19.13M | $22.77M | $17.65M |
| Inventory | $85.61M | $78.77M | $79.47M | $36.58M | $28.41M | $23.21M | $28.66M | $24.84M |
| Other Current Assets | $11.26M | $8.92M | $8.48M | $11.54M | $7.01M | $5.44M | $6.76M | $4.30M |
| Total Current Assets | $249.94M | $243.04M | $174.90M | $149.90M | $113.27M | $132.30M | $95.84M | $99.44M |
| Property Plant & Equipment | $75.61M | $78.03M | $77.20M | $51.09M | $18.66M | $16.20M | $16.42M | $12.91M |
| Goodwill | $1.21M | $1.21M | $465.00K | $465.00K | $465.00K | $465.00K | $465.00K | $465.00K |
| Intangible Assets | $9.94M | $11.68M | $7.99M | $4.61M | $4.37M | $4.15M | $3.44M | $3.44M |
| Other Non-current Assets | $16.12M | $7.31M | $4.70M | $1.29M | $558.00K | $664.00K | $368.00K | $315.00K |
| Total Assets | $357.17M | $346.83M | $268.64M | $211.06M | $139.53M | $156.39M | $116.53M | $116.57M |
| Accounts Payable | $43.11M | $44.76M | $41.62M | $20.03M | $14.47M | $9.72M | $10.37M | $6.24M |
| Accrued Liabilities | $18.86M | $16.54M | $13.69M | $17.24M | $16.24M | $14.53M | $10.68M | $6.12M |
| Deferred Revenue | $1.21M | $1.75M | - | - | - | - | - | - |
| Other Current Liabilities | $20.18M | $6.98M | $1.84M | $1.69M | $1.18M | $1.65M | $2.20M | $4.08M |
| Total Current Liabilities | $82.14M | $68.28M | $57.15M | $38.96M | $31.89M | $25.90M | $23.24M | $16.45M |
| Long-term Debt | $247.52M | $219.58M | $188.74M | $175.46M | - | - | - | - |
| Other Non-current Liabilities | $1.14M | $1.68M | $1.65M | $1.63M | $2.39M | $2.33M | $2.46M | $3.55M |
| Total Liabilities | $333.62M | $293.74M | $250.25M | $219.25M | $88.79M | $81.43M | $76.92M | $47.09M |
| Common Stock | $433.38M | $420.36M | $315.63M | $223.64M | $219.74M | $213.47M | $147.69M | $145.71M |
| Retained Earnings | $-495.76M | $-444.69M | $-360.10M | $-281.59M | $-206.38M | $-165.25M | $-127.12M | $-88.97M |
| Treasury Stock | - | - | - | - | $2.85M | $2.85M | $2.85M | $2.85M |
| Total Stockholders Equity | $23.55M | $53.09M | $18.39M | $-8.19M | $50.74M | $74.96M | $39.61M | $69.48M |
| Total Liabilities & Equity | $357.17M | $346.83M | $268.64M | $211.06M | $139.53M | $156.39M | $116.53M | $116.57M |
| 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) |
FY 2018 (Dec 31, 2018) |
|---|---|---|---|---|---|---|---|---|---|
| Net Income | $-71.77M | $-51.06M | $-84.60M | $-78.50M | $-75.21M | $-41.14M | $-38.12M | $-38.15M | $-21.10M |
| Depreciation & Amortization | - | $6.20M | $4.70M | $2.80M | - | - | - | - | - |
| Stock-based Compensation | $19.47M | $11.41M | $14.40M | $14.36M | $13.36M | $10.41M | - | - | - |
| Deferred Income Tax | - | $-9.44M | $-2.18M | $-3.71M | $86.00K | $7.00K | $-274.00K | - | - |
| Change in Receivables | $14.38M | $11.47M | $26.28M | $11.56M | $12.33M | $6.70M | $-3.81M | $5.51M | $4.67M |
| Change in Inventory | $32.81M | $7.06M | $471.00K | $42.23M | $10.90M | $7.64M | $-4.79M | $3.37M | $6.98M |
| Change in Payables | $10.44M | $-2.30M | $6.67M | $18.96M | $4.38M | $4.96M | $-910.00K | $1.83M | $-3.90M |
| Operating Cash Flow | $-111.09M | $-50.89M | $-58.52M | $-88.51M | $-52.17M | $-27.53M | $-12.51M | $-29.98M | $-33.88M |
| Capital Expenditure | $9.18M | $6.05M | $6.11M | $7.91M | $2.85M | $2.42M | $2.42M | $6.29M | $1.73M |
| Acquisitions | $921.00K | $307.00K | $50.00K | - | - | - | - | - | - |
| Investing Cash Flow | $-11.77M | $-7.03M | $-15.61M | $-24.55M | $-34.79M | $-7.16M | $-5.56M | $-7.77M | $-5.73M |
| Stock Issued | - | - | $99.48M | $84.54M | - | - | $63.85M | - | - |
| Stock Repurchased | - | - | - | - | - | - | - | - | - |
| Financing Cash Flow | $45.16M | $40.43M | $125.89M | $86.23M | $100.25M | $4.05M | $64.67M | $22.79M | $81.53M |
| Net Change in Cash | $-71.65M | $-14.78M | $50.31M | $-26.32M | $12.94M | $-31.11M | $46.87M | $-14.98M | $41.77M |
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 | $53.78M | - | $146.46M | - |
| Cost of Revenue | $16.09M | - | $45.68M | - |
| Gross Profit | $37.70M | - | $100.78M | - |
| Operating Expenses | $41.72M | - | $135.85M | - |
| Research & Development | $4.55M | - | $14.81M | - |
| Selling General & Admin | $37.17M | - | $121.04M | - |
| Operating Income | $-4.03M | - | $-35.08M | - |
| Interest Expense | $6.20M | - | $15.37M | - |
| Interest Income | $48.00K | - | $389.00K | - |
| Other Income/Expense | $-542.00K | - | $6.59M | - |
| Income Before Tax | $-10.72M | - | $-46.11M | - |
| Income Tax Expense | $424.00K | - | $2.34M | - |
| Net Income | $-11.15M | $-17.18M | $-48.45M | - |
| Basic EPS | -0.38 | - | -1.64 | - |
| Diluted EPS | -0.38 | - | -1.64 | - |
| Basic Shares Outstanding | $29.62M | - | $29.55M | - |
| Diluted Shares Outstanding | $29.62M | - | $29.55M | - |
Condensed Consolidated Balance Sheets
| Description | Sep 30, 2025 | Dec 31, 2024 |
|---|---|---|
| Cash & Cash Equivalents | $70.62M | $90.35M |
| Accounts Receivable | $71.44M | $65.00M |
| Inventory | $88.16M | $78.77M |
| Other Current Assets | $9.37M | $8.92M |
| Total Current Assets | $239.60M | $243.04M |
| Property Plant & Equipment | $76.24M | $78.03M |
| Goodwill | $1.21M | $1.21M |
| Intangible Assets | $10.40M | $11.68M |
| Other Non-current Assets | $6.94M | $7.31M |
| Total Assets | $338.89M | $346.83M |
| Accounts Payable | $39.72M | $44.76M |
| Accrued Liabilities | $18.11M | $16.54M |
| Other Current Liabilities | $14.15M | $6.98M |
| Total Current Liabilities | $71.98M | $68.28M |
| Long-term Debt | $246.46M | $219.58M |
| Other Non-current Liabilities | $1.11M | $1.68M |
| Total Liabilities | $322.53M | $293.74M |
| Common Stock | $426.07M | $420.36M |
| Retained Earnings | $-493.14M | $-444.69M |
| Total Stockholders Equity | $16.36M | $53.09M |
| Total Liabilities & Equity | $338.89M | $346.83M |
Condensed Consolidated Statements of Cash Flows
| Description | Sep 30, 2025 | Sep 30, 2025 | ||
|---|---|---|---|---|
| Current | Prior Year | Current YTD | Prior Year YTD | |
| Net Income | $-11.15M | $-17.18M | $-48.45M | - |
| Stock-based Compensation | - | - | $8.51M | - |
| Change in Receivables | - | - | $5.00M | - |
| Change in Inventory | - | - | $8.17M | - |
| Change in Payables | - | - | $-4.94M | - |
| Operating Cash Flow | - | - | $-50.73M | - |
| Capital Expenditure | - | - | $4.22M | - |
| Acquisitions | - | - | $307.00K | - |
| Investing Cash Flow | - | - | $-5.37M | - |
| Stock Issued | - | - | - | - |
| Financing Cash Flow | - | - | $34.38M | - |
| Net Change in Cash | - | - | $-19.72M | - |
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.