$320.63M
Revenue
$-37.12M
Net Income
13.30%
Gross Margin
-10.84%
Op. Margin
$93.03M
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) |
|---|---|---|---|---|---|---|
| Total Revenue | $320.63M | $320.63M | $386.27M | $563.61M | $501.99M | $291.34M |
| Revenue Growth % | 0.0% | -17.0% | -31.5% | 12.3% | 72.3% | nan% |
| Cost of Revenue | $290.39M | $290.39M | $150.93M | $181.66M | $202.02M | $136.38M |
| Gross Profit | $42.66M | $42.66M | $178.18M | $313.32M | $247.13M | $101.35M |
| Gross Margin % | 13.3% | 13.3% | 46.1% | 55.6% | 49.2% | 34.8% |
| Selling General & Admin | $58.51M | $58.51M | $54.26M | $56.13M | $57.89M | $46.46M |
| Operating Income | $-34.75M | $-34.75M | $108.78M | $240.61M | $174.37M | $37.10M |
| Operating Margin % | -10.8% | -10.8% | 28.2% | 42.7% | 34.7% | 12.7% |
| Interest Expense | - | $12.98M | $17.98M | $29.27M | $32.65M | $33.77M |
| Income Before Tax | $-43.20M | $-43.20M | $92.84M | $224.75M | $106.31M | $-2.67M |
| Income Tax Expense | $-6.13M | $-6.13M | $21.43M | $51.05M | $32.37M | $1.90M |
| Net Income | $-37.12M | $-37.12M | $71.27M | $173.70M | $73.94M | $-4.58M |
| Net Margin % | -11.6% | -11.6% | 18.4% | 30.8% | 14.7% | -1.6% |
| Basic EPS | nan | -0.37 | 0.71 | 1.71 | 0.76 | -0.05 |
| Diluted EPS | nan | -0.37 | 0.70 | 1.56 | 0.74 | -0.05 |
| Basic Shares Outstanding | 89K | 99.5M | 100.1M | 101.4M | 97.2M | 96.6M |
| Diluted Shares Outstanding | 89K | 99.5M | 101.4M | 105.3M | 100.1M | 96.6M |
| 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) |
|---|---|---|---|---|---|
| Cash & Cash Equivalents | $8.35M | $190.67M | $103.93M | $181.67M | $23.41M |
| Accounts Receivable | $56.20M | $49.34M | $67.09M | $42.15M | $28.78M |
| Inventory | $2.10M | $1.90M | - | - | - |
| Other Current Assets | $4.30M | $4.00M | $9.48M | $12.55M | $8.35M |
| Total Current Assets | $73.34M | $249.34M | $180.50M | $236.38M | $60.54M |
| Property Plant & Equipment | - | $320.85M | $349.06M | $357.13M | $291.79M |
| Goodwill | $41.04M | $41.04M | $41.04M | $41.04M | $41.04M |
| Intangible Assets | $39.33M | $52.81M | $66.28M | $75.18M | $88.48M |
| Other Non-current Assets | - | - | $661.00K | $1.91M | $3.42M |
| Total Assets | $530.21M | $725.77M | $694.35M | $771.73M | $513.39M |
| Accounts Payable | $44.39M | $16.19M | $20.93M | $17.56M | $11.80M |
| Accrued Liabilities | $22.48M | $25.78M | $33.65M | $39.64M | $33.13M |
| Deferred Revenue | $9.28M | $699.00K | $1.79M | $120.04M | $27.14M |
| Total Current Liabilities | $84.04M | $233.40M | $70.33M | $190.90M | $72.80M |
| Long-term Debt | $1.68M | $1.45M | - | - | - |
| Deferred Tax Liabilities | $42.31M | $49.27M | $53.07M | $15.17M | - |
| Other Non-current Liabilities | - | - | - | $6.31M | $1.47M |
| Total Liabilities | $141.15M | $304.68M | $317.05M | $570.88M | $416.12M |
| Common Stock | $10.00K | $10.00K | $10.00K | $10.00K | $10.00K |
| Retained Earnings | $295.26M | $332.38M | $261.12M | $87.68M | $13.74M |
| Total Stockholders Equity | $389.26M | $421.08M | $377.31M | $200.85M | $97.27M |
| Total Liabilities & Equity | $530.21M | $725.77M | $694.35M | $771.73M | $513.39M |
| 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) |
|---|---|---|---|---|---|---|
| Net Income | $-43.58M | $-37.12M | $71.27M | $173.70M | $73.94M | $-4.58M |
| Depreciation & Amortization | - | $73.39M | $72.81M | $83.98M | - | - |
| Stock-based Compensation | $13.07M | $7.55M | $7.31M | $11.17M | $19.24M | $5.08M |
| Deferred Income Tax | $-13.33M | $-6.96M | $-3.80M | $37.90M | $29.88M | $469.00K |
| Change in Receivables | $23.34M | $7.51M | $-17.60M | $25.80M | $13.69M | $2.23M |
| Operating Cash Flow | $93.03M | $74.09M | $151.68M | $156.80M | $305.61M | $104.60M |
| Investing Cash Flow | $-109.91M | $-67.79M | $-28.84M | $-68.18M | $-140.23M | $-35.91M |
| Stock Repurchased | - | - | $33.50M | - | - | - |
| Financing Cash Flow | $-493.12M | $-188.64M | $-36.06M | $-166.37M | $-7.10M | $-52.27M |
| Net Change in Cash | $-509.95M | $-182.32M | $86.74M | $-77.74M | $158.27M | $16.43M |
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 | $99.36M | - | $230.86M | - |
| Gross Profit | $17.95M | - | $35.58M | - |
| Selling General & Admin | $12.92M | - | $40.39M | - |
| Operating Income | $69.00K | - | $-17.92M | - |
| Income Before Tax | $-389.00K | - | $-26.02M | - |
| Income Tax Expense | $368.00K | - | $-3.88M | - |
| Net Income | $-795.00K | $18.39M | $-22.19M | - |
| Basic EPS | -0.01 | - | -0.22 | - |
| Diluted EPS | -0.01 | - | -0.22 | - |
| Basic Shares Outstanding | $99.78M | - | $99.43M | - |
| Diluted Shares Outstanding | $99.78M | - | $99.43M | - |
Condensed Consolidated Balance Sheets
| Description | Sep 30, 2025 | Dec 31, 2024 |
|---|---|---|
| Cash & Cash Equivalents | $30.39M | $190.67M |
| Accounts Receivable | $42.73M | $49.34M |
| Other Current Assets | $6.32M | $9.33M |
| Total Current Assets | $79.44M | $249.34M |
| Property Plant & Equipment | $331.69M | $320.85M |
| Goodwill | $41.04M | $41.04M |
| Intangible Assets | $42.70M | $52.81M |
| Total Assets | $541.15M | $725.77M |
| Accounts Payable | $45.81M | $16.19M |
| Accrued Liabilities | $17.54M | $25.78M |
| Deferred Revenue | $9.43M | $699.00K |
| Total Current Liabilities | $82.42M | $233.40M |
| Deferred Tax Liabilities | $44.64M | $49.27M |
| Total Liabilities | $138.91M | $304.68M |
| Common Stock | $10.00K | $10.00K |
| Retained Earnings | $310.19M | $332.38M |
| Total Stockholders Equity | $402.38M | $421.08M |
| Total Liabilities & Equity | $541.15M | $725.77M |
Condensed Consolidated Statements of Cash Flows
| Description | Sep 30, 2025 | Sep 30, 2025 | ||
|---|---|---|---|---|
| Current | Prior Year | Current YTD | Prior Year YTD | |
| Net Income | $-795.00K | $18.39M | $-22.19M | - |
| Stock-based Compensation | - | - | $5.73M | - |
| Deferred Income Tax | - | - | $-4.63M | - |
| Change in Receivables | - | - | $-5.93M | - |
| Operating Cash Flow | - | - | $68.36M | - |
| Investing Cash Flow | - | - | $-41.17M | - |
| Financing Cash Flow | - | - | $-187.49M | - |
| Net Change in Cash | - | - | $-160.28M | - |
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.