$529.30M
Revenue
$14.93M
Net Income
43.99%
Gross Margin
1.15%
Op. Margin
$149.39M
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 | $529.30M | $529.30M | $510.89M | $491.18M | $490.41M | $435.14M | $357.15M | $370.01M | $464.92M |
| Revenue Growth % | 0.0% | 3.6% | 4.0% | 0.2% | 12.7% | 21.8% | -3.5% | -20.4% | nan% |
| Cost of Revenue | $296.46M | $296.46M | $323.38M | $323.61M | $354.38M | $327.10M | $301.76M | $334.20M | $372.84M |
| Gross Profit | $232.84M | $232.84M | $187.50M | $167.56M | $136.03M | $108.03M | $55.39M | $35.80M | $92.08M |
| Gross Margin % | 44.0% | 44.0% | 36.7% | 34.1% | 27.7% | 24.8% | 15.5% | 9.7% | 19.8% |
| Operating Expenses | $226.77M | $226.77M | $222.40M | $192.47M | $192.91M | $168.17M | $160.25M | $121.03M | $166.85M |
| Research & Development | $73.65M | $73.65M | $73.18M | $68.65M | $64.71M | $59.06M | $60.14M | $69.38M | $58.79M |
| Operating Income | $6.07M | $6.07M | $-34.89M | $-24.90M | $-56.88M | $-60.14M | $-104.86M | $-85.22M | $-74.77M |
| Operating Margin % | 1.1% | 1.1% | -6.8% | -5.1% | -11.6% | -13.8% | -29.4% | -23.0% | -16.1% |
| Other Income/Expense | $9.60M | $9.60M | $-104.00K | $107.00K | $302.00K | $4.78M | $3.44M | $913.00K | $-1.18M |
| Income Before Tax | $15.67M | $15.67M | $-29.41M | $-20.86M | $-55.65M | $-55.35M | $-100.63M | $-81.57M | $-74.71M |
| Income Tax Expense | $741.00K | $741.00K | $1.09M | $1.18M | $975.00K | $677.00K | $625.00K | $4.38M | $772.00K |
| Net Income | $14.93M | $14.93M | $-30.50M | $-22.04M | $-56.63M | $-56.03M | $-101.25M | $-85.95M | $-75.48M |
| Net Margin % | 2.8% | 2.8% | -6.0% | -4.5% | -11.5% | -12.9% | -28.3% | -23.2% | -16.2% |
| Basic EPS | 0.14 | 0.14 | -0.31 | -0.24 | -0.65 | -0.68 | -1.30 | -1.14 | -1.12 |
| Diluted EPS | 0.14 | 0.14 | -0.31 | -0.24 | -0.65 | -0.68 | -1.30 | -1.14 | -1.12 |
| Basic Shares Outstanding | - | 104.2M | 98.6M | 92.8M | 87.2M | 82.7M | 78.1M | 75.1M | 67.2M |
| Diluted Shares Outstanding | - | 110.2M | 98.6M | 92.8M | 87.2M | 82.7M | 78.1M | 75.1M | 67.2M |
| 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 | $146.44M | $82.03M | $56.52M | $84.02M | $175.75M | $186.13M | $236.68M | $151.29M |
| Short-term Investments | - | - | - | - | - | - | $19.99M | $49.74M |
| Accounts Receivable | $39.67M | $57.33M | $65.36M | $65.96M | $79.56M | $77.64M | $127.32M | $166.04M |
| Inventory | $41.19M | $40.63M | $38.41M | $46.55M | $38.39M | $64.70M | $68.62M | $124.79M |
| Other Current Assets | $13.21M | $13.19M | $10.27M | $6.54M | $9.92M | $8.08M | $16.96M | $11.43M |
| Total Current Assets | $260.49M | $262.61M | $250.53M | $232.78M | $303.62M | $356.55M | $469.57M | $515.47M |
| Property Plant & Equipment | $13.16M | $4.76M | $4.76M | $7.34M | $9.60M | $15.82M | $21.35M | $49.43M |
| Goodwill | $11.04M | $11.04M | $11.04M | $11.04M | $11.04M | $11.04M | $11.04M | $15.64M |
| Intangible Assets | - | - | - | - | - | - | $1.31M | $2.82M |
| Other Non-current Assets | $4.17M | $4.29M | $3.62M | $4.08M | $4.31M | $2.40M | $4.01M | $8.45M |
| Total Assets | $310.55M | $298.40M | $285.54M | $272.20M | $347.49M | $413.97M | $542.71M | $595.95M |
| Accounts Payable | $42.83M | $63.78M | $55.20M | $52.13M | $84.10M | $62.17M | $111.65M | $82.54M |
| Accrued Liabilities | $92.37M | $85.73M | $88.21M | $98.86M | $97.38M | $121.77M | $127.40M | $172.04M |
| Deferred Revenue | $37.14M | $27.25M | $18.04M | $11.29M | $29.44M | $53.14M | $50.36M | $26.68M |
| Total Current Liabilities | $172.34M | $176.76M | $161.45M | $162.28M | $210.93M | $237.35M | $293.90M | $281.99M |
| Other Non-current Liabilities | $3.63M | $2.37M | $3.79M | $2.95M | $1.00M | $1.16M | $606.00K | $1.14M |
| Total Liabilities | $182.71M | $197.49M | $182.26M | $184.51M | $234.84M | $280.20M | $339.34M | $326.44M |
| Common Stock | $105.00K | $101.00K | $95.00K | $89.00K | $84.00K | $79.00K | $76.00K | $74.00K |
| Retained Earnings | $-383.04M | $-397.96M | $-367.46M | $-345.43M | $-288.80M | $-232.77M | $-131.52M | $-45.85M |
| Total Stockholders Equity | $127.84M | $100.91M | $103.28M | $87.69M | $112.65M | $133.77M | $203.38M | $269.50M |
| Total Liabilities & Equity | $310.55M | $298.40M | $285.54M | $272.20M | $347.49M | $413.97M | $542.71M | $595.95M |
| 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 | $14.09M | $14.93M | $-30.50M | $-22.04M | $-56.63M | $-56.03M | $-101.25M | $-85.95M | $-75.48M |
| Depreciation & Amortization | $3.93M | $3.93M | $3.20M | $4.66M | $4.77M | $5.97M | $10.21M | $10.68M | $5.31M |
| Stock-based Compensation | $111.34M | $62.33M | $68.66M | $47.95M | $48.48M | $38.03M | $35.25M | $22.89M | $8.83M |
| Deferred Income Tax | - | $-159.00K | $-88.00K | $117.00K | - | - | - | - | $-1.11M |
| Change in Receivables | $-24.75M | $-17.65M | $-8.23M | $-690.00K | $-13.52M | $1.74M | $-49.77M | $-38.25M | $118.65M |
| Change in Inventory | $-14.05M | $1.43M | $4.51M | $-7.78M | $7.89M | $-29.26M | $-2.86M | $-53.60M | $42.32M |
| Change in Payables | $-49.94M | $-21.07M | $8.29M | $3.72M | $-32.52M | $22.16M | $-49.28M | $28.79M | $87.31M |
| Operating Cash Flow | $149.39M | $78.72M | $51.31M | $38.30M | $-45.96M | $-23.20M | $-46.53M | $9.17M | $-17.69M |
| Capital Expenditure | - | - | $2.69M | $2.85M | $2.01M | $2.27M | $3.89M | $6.66M | $21.67M |
| Acquisitions | - | - | - | - | - | - | - | - | - |
| Investing Cash Flow | $-23.27M | $27.75M | $10.84M | $-50.69M | $-31.77M | $17.73M | $-3.98M | $76.26M | $-71.28M |
| Stock Repurchased | $76.99M | $45.60M | $4.42M | - | - | - | - | - | - |
| Financing Cash Flow | $-70.53M | $-42.07M | $-40.77M | $-15.14M | $-13.94M | $-4.97M | $-23.00K | $-38.00K | $244.29M |
| Net Change in Cash | $55.60M | $64.41M | $21.38M | $-27.53M | $-91.68M | $-10.44M | $-50.53M | $85.39M | $155.32M |
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 | $139.53M | $137.67M | $388.00M | $389.31M |
| Cost of Revenue | $83.02M | $89.25M | $220.69M | $246.66M |
| Gross Profit | $56.51M | $48.42M | $167.31M | $142.65M |
| Operating Expenses | $55.63M | $53.87M | $165.95M | $171.51M |
| Research & Development | $18.14M | $17.56M | $52.80M | $57.92M |
| Operating Income | $872.00K | $-5.45M | $1.35M | $-28.86M |
| Other Income/Expense | $503.00K | $-57.00K | $-102.00K | $-100.00K |
| Income Before Tax | $7.03M | $-4.11M | $9.56M | $-24.68M |
| Income Tax Expense | $154.00K | $329.00K | $402.00K | $960.00K |
| Net Income | $6.87M | $-4.44M | $9.16M | $-25.64M |
| Basic EPS | 0.07 | -0.04 | 0.09 | -0.26 |
| Diluted EPS | 0.06 | -0.04 | 0.08 | -0.26 |
| Basic Shares Outstanding | $105.20M | $99.73M | $103.78M | $97.93M |
| Diluted Shares Outstanding | $109.64M | $99.73M | $108.66M | $97.93M |
Condensed Consolidated Balance Sheets
| Description | Sep 30, 2025 | Dec 31, 2024 |
|---|---|---|
| Cash & Cash Equivalents | $86.01M | $82.03M |
| Accounts Receivable | $76.70M | $57.33M |
| Inventory | $44.37M | $40.63M |
| Other Current Assets | $15.11M | $13.19M |
| Total Current Assets | $301.72M | $262.61M |
| Property Plant & Equipment | $12.39M | $4.76M |
| Goodwill | $11.04M | $11.04M |
| Other Non-current Assets | $3.56M | $4.29M |
| Total Assets | $350.87M | $298.40M |
| Accounts Payable | $78.16M | $63.78M |
| Accrued Liabilities | $94.00M | $85.73M |
| Deferred Revenue | $40.07M | $27.25M |
| Total Current Liabilities | $212.23M | $176.76M |
| Other Non-current Liabilities | $2.20M | $2.37M |
| Total Liabilities | $221.64M | $197.49M |
| Common Stock | $105.00K | $101.00K |
| Retained Earnings | $-388.80M | $-397.96M |
| Total Stockholders Equity | $129.23M | $100.91M |
| Total Liabilities & Equity | $350.87M | $298.40M |
Condensed Consolidated Statements of Cash Flows
| Description | Sep 30, 2025 | Sep 30, 2025 | ||
|---|---|---|---|---|
| Current | Prior Year | Current YTD | Prior Year YTD | |
| Net Income | $6.87M | $-4.44M | $9.16M | $-25.64M |
| Depreciation & Amortization | $899.00K | $710.00K | $2.59M | $2.40M |
| Stock-based Compensation | - | - | $45.13M | $54.16M |
| Change in Receivables | - | - | $19.40M | $3.10M |
| Change in Inventory | - | - | $4.70M | $16.61M |
| Change in Payables | - | - | $14.42M | $38.16M |
| Operating Cash Flow | - | - | $58.95M | $44.63M |
| Investing Cash Flow | - | - | $-30.43M | $11.23M |
| Stock Repurchased | - | - | $26.82M | - |
| Financing Cash Flow | - | - | $-24.54M | $-35.83M |
| Net Change in Cash | - | - | $3.98M | $20.03M |
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.