$529.30M
Revenue
$14.93M
Net Income
43.99%
Gross Margin
1.15%
Op. Margin
$149.39M
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) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | $141.30M | $139.53M | $129.41M | $119.07M | $121.57M | $137.67M | $127.45M | $124.20M | $135.09M | $130.00M | $115.08M | $111.00M | $118.53M | $128.16M |
| Revenue Growth % (YoY) | 16.2% | 1.4% | 1.5% | -4.1% | -10.0% | 5.9% | 10.8% | 11.9% | 14.0% | 1.4% | nan% | nan% | nan% | nan% |
| Cost of Revenue | $75.76M | $83.02M | $71.33M | $66.34M | $76.72M | $89.25M | $80.59M | $76.82M | $87.74M | $86.86M | $73.22M | $75.79M | $86.56M | $91.41M |
| Gross Profit | $65.53M | $56.51M | $58.08M | $52.73M | $44.85M | $48.42M | $46.85M | $47.38M | $47.35M | $43.14M | $41.86M | $35.22M | $31.97M | $36.75M |
| Gross Margin % | 46.4% | 40.5% | 44.9% | 44.3% | 36.9% | 35.2% | 36.8% | 38.1% | 35.0% | 33.2% | 36.4% | 31.7% | 27.0% | 28.7% |
| Operating Expenses | $60.82M | $55.63M | $56.14M | $54.18M | $50.88M | $53.87M | $59.66M | $57.99M | $47.81M | $45.41M | $49.89M | $49.36M | $54.40M | $51.19M |
| Research & Development | $20.85M | $18.14M | $18.49M | $16.16M | $15.27M | $17.56M | $19.56M | $20.79M | $16.45M | $16.83M | $17.62M | $17.75M | $14.46M | $16.47M |
| Operating Income | $4.72M | $872.00K | $1.93M | $-1.45M | $-6.03M | $-5.45M | $-12.80M | $-10.61M | $-458.00K | $-2.28M | $-8.03M | $-14.14M | $-22.43M | $-14.44M |
| Operating Margin % | 3.3% | 0.6% | 1.5% | -1.2% | -5.0% | -4.0% | -10.0% | -8.5% | -0.3% | -1.8% | -7.0% | -12.7% | -18.9% | -11.3% |
| Other Income/Expense | $9.70M | $503.00K | $-407.00K | $-198.00K | $-4.00K | $-57.00K | $-18.00K | $-25.00K | $84.00K | $10.00K | $52.00K | $-39.00K | $-12.00K | $19.00K |
| Income Before Tax | $6.10M | $7.03M | $2.87M | $-333.00K | $-4.73M | $-4.11M | $-11.32M | $-9.25M | $825.00K | $-1.09M | $-7.14M | $-13.45M | $-21.93M | $-14.13M |
| Income Tax Expense | $339.00K | $154.00K | $-254.00K | $502.00K | $132.00K | $329.00K | $236.00K | $395.00K | $133.00K | $29.00K | $221.00K | $792.00K | $230.00K | $304.00K |
| Net Income | $5.76M | $6.87M | $3.12M | $-835.00K | $-4.86M | $-4.44M | $-11.56M | $-9.64M | $692.00K | $-1.12M | $-7.36M | $-14.24M | $-22.16M | $-14.44M |
| Net Margin % | 4.1% | 4.9% | 2.4% | -0.7% | -4.0% | -3.2% | -9.1% | -7.8% | 0.5% | -0.9% | -6.4% | -12.8% | -18.7% | -11.3% |
| Basic EPS | 0.05 | 0.07 | 0.03 | -0.01 | -0.05 | -0.04 | -0.12 | -0.10 | 0.01 | -0.01 | -0.08 | -0.16 | -0.25 | -0.16 |
| Diluted EPS | 0.06 | 0.06 | 0.03 | -0.01 | -0.05 | -0.04 | -0.12 | -0.10 | 0.01 | -0.01 | -0.08 | -0.16 | -0.25 | -0.16 |
| Basic Shares Outstanding | - | 105.2M | 103.9M | 102.2M | 698K | 99.7M | 97.8M | 96.3M | 685K | 94.2M | 92.3M | 89.7M | 496K | 88.1M |
| Diluted Shares Outstanding | - | 109.6M | 108.1M | 102.2M | 698K | 99.7M | 97.8M | 96.3M | 685K | 94.2M | 92.3M | 89.7M | 496K | 88.1M |
| 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) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Cash Equivalents | $146.44M | $86.01M | $71.24M | $84.01M | $82.03M | $77.03M | $62.93M | $62.05M | $56.52M | $51.13M | $61.95M | $66.97M | $84.02M | $80.77M |
| Accounts Receivable | $39.67M | $76.70M | $61.45M | $46.05M | $57.33M | $68.57M | $61.75M | $56.50M | $65.36M | $70.31M | $57.33M | $52.84M | $65.96M | $82.71M |
| Inventory | $41.19M | $44.37M | $30.88M | $34.56M | $40.63M | $51.98M | $45.23M | $44.68M | $38.41M | $53.50M | $39.43M | $39.92M | $46.55M | $73.24M |
| Other Current Assets | $13.21M | $15.11M | $15.89M | $12.63M | $13.19M | $12.42M | $12.25M | $11.90M | $10.27M | $11.10M | $12.32M | $7.42M | $6.54M | $9.87M |
| Total Current Assets | $260.49M | $301.72M | $268.62M | $246.35M | $262.61M | $279.54M | $263.23M | $255.93M | $250.53M | $260.96M | $232.75M | $218.85M | $232.78M | $291.09M |
| Property Plant & Equipment | $13.16M | $12.39M | $8.98M | $7.19M | $4.76M | $4.44M | $3.77M | $4.31M | $4.76M | $5.75M | $6.42M | $7.05M | $7.34M | $6.59M |
| Goodwill | $11.04M | $11.04M | $11.04M | $11.04M | $11.04M | $11.04M | $11.04M | $11.04M | $11.04M | $11.04M | $11.04M | $11.04M | $11.04M | $11.04M |
| Other Non-current Assets | $4.17M | $3.56M | $4.46M | $4.66M | $4.29M | $4.20M | $3.90M | $3.60M | $3.62M | $3.62M | $3.69M | $3.98M | $4.08M | $4.21M |
| Total Assets | $310.55M | $350.87M | $319.74M | $296.57M | $298.40M | $312.38M | $295.81M | $289.76M | $285.54M | $297.64M | $269.02M | $257.08M | $272.20M | $331.22M |
| Accounts Payable | $42.83M | $78.16M | $50.18M | $49.24M | $63.78M | $93.75M | $74.08M | $69.88M | $55.20M | $82.48M | $61.22M | $46.03M | $52.13M | $107.10M |
| Accrued Liabilities | $92.37M | $94.00M | $90.00M | $81.37M | $85.73M | $78.93M | $80.02M | $79.10M | $88.21M | $86.00M | $88.22M | $88.22M | $98.86M | $92.12M |
| Deferred Revenue | $37.14M | $40.07M | $42.11M | $42.75M | $27.25M | $24.60M | $23.50M | $21.39M | $18.04M | $17.68M | $17.64M | $15.18M | $11.29M | $11.89M |
| Total Current Liabilities | $172.34M | $212.23M | $182.28M | $173.36M | $176.76M | $197.27M | $177.61M | $170.37M | $161.45M | $186.16M | $167.08M | $149.42M | $162.28M | $211.11M |
| Other Non-current Liabilities | $3.63M | $2.20M | $2.58M | $2.40M | $2.37M | $3.71M | $3.53M | $3.32M | $3.79M | $3.32M | $3.05M | $3.24M | $2.95M | $2.54M |
| Total Liabilities | $182.71M | $221.64M | $201.47M | $193.20M | $197.49M | $215.47M | $196.54M | $189.82M | $182.26M | $207.44M | $187.26M | $170.83M | $184.51M | $233.90M |
| Common Stock | $105.00K | $105.00K | $104.00K | $103.00K | $101.00K | $100.00K | $98.00K | $97.00K | $95.00K | $94.00K | $94.00K | $91.00K | $89.00K | $88.00K |
| Retained Earnings | $-383.04M | $-388.80M | $-395.68M | $-398.80M | $-397.96M | $-393.10M | $-388.67M | $-377.11M | $-367.46M | $-368.15M | $-367.03M | $-359.67M | $-345.43M | $-323.27M |
| Total Stockholders Equity | $127.84M | $129.23M | $118.27M | $103.37M | $100.91M | $96.91M | $99.27M | $99.94M | $103.28M | $90.19M | $81.76M | $86.25M | $87.69M | $97.32M |
| Total Liabilities & Equity | $310.55M | $350.87M | $319.74M | $296.57M | $298.40M | $312.38M | $295.81M | $289.76M | $285.54M | $297.64M | $269.02M | $257.08M | $272.20M | $331.22M |
| 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) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $5.76M | $6.87M | $2.29M | $-835.00K | $-4.86M | $-25.64M | $-11.56M | $-9.64M | $692.00K | $-22.73M | $-7.36M | $-14.24M | $-22.16M | $-34.47M |
| Depreciation & Amortization | $1.34M | $899.00K | $858.00K | $829.00K | $805.00K | $2.40M | $1.68M | $903.00K | $852.00K | $3.81M | $2.35M | $1.15M | $1.11M | $3.65M |
| Stock-based Compensation | $17.20M | $45.13M | $32.00M | $17.01M | $14.50M | $54.16M | $39.47M | $18.55M | $10.10M | $37.85M | $27.56M | $14.59M | $16.69M | $31.79M |
| Deferred Income Tax | - | - | - | - | $-65.00K | $-23.00K | $-5.00K | $68.00K | $-140.00K | $257.00K | $243.00K | $127.00K | - | $259.00K |
| Change in Receivables | $-37.05M | $19.40M | $4.19M | $-11.29M | $-11.32M | $3.10M | $-3.81M | $-8.98M | $-4.95M | $4.26M | $-8.73M | $-13.22M | $-16.69M | $3.17M |
| Change in Inventory | $-3.27M | $4.70M | $-9.83M | $-5.65M | $-12.10M | $16.61M | $6.79M | $6.28M | $-16.03M | $8.25M | $-6.41M | $-6.34M | $-26.73M | $34.61M |
| Change in Payables | $-35.49M | $14.42M | $-13.89M | $-14.98M | $-29.87M | $38.16M | $18.79M | $14.56M | $-27.33M | $31.05M | $9.84M | $-6.09M | $-55.75M | $23.23M |
| Operating Cash Flow | $19.77M | $58.95M | $39.75M | $30.92M | $6.67M | $44.63M | $26.27M | $19.81M | $7.93M | $30.37M | $22.91M | $10.33M | $-11.18M | $-34.78M |
| Capital Expenditure | - | - | - | $2.80M | $1.08M | $1.61M | $651.00K | $356.00K | $399.00K | $2.45M | $1.95M | $923.00K | $1.20M | $815.00K |
| Investing Cash Flow | $58.18M | $-30.43M | $-36.67M | $-14.35M | $-389.00K | $11.23M | $-268.00K | $-440.00K | $-4.59M | $-46.09M | $-33.15M | $-22.67M | $13.80M | $-45.58M |
| Stock Repurchased | $18.77M | $26.82M | $16.15M | $15.24M | $4.42M | - | - | - | - | - | - | - | - | - |
| Financing Cash Flow | $-17.52M | $-24.54M | $-13.87M | $-14.59M | $-4.94M | $-35.83M | $-20.10M | $-13.78M | $2.10M | $-17.24M | $-11.95M | $-4.69M | $652.00K | $-14.59M |
| Net Change in Cash | $60.43M | $3.98M | $-10.79M | $1.98M | $1.35M | $20.03M | $5.90M | $5.58M | $5.44M | $-32.97M | $-22.19M | $-17.03M | $3.28M | $-94.95M |
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-Q filings.
Quarterly data represents single quarter results (Q1-Q4). Some items may show year-to-date values if quarterly breakdown is unavailable.