$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) |
|---|---|---|---|---|---|---|---|
| Total Revenue | $141.30M | $139.53M | $129.41M | $119.07M | $121.57M | $137.67M | $127.45M |
| Revenue Growth % (YoY) | 16.2% | 1.4% | 1.5% | nan% | nan% | nan% | nan% |
| Cost of Revenue | $75.76M | $83.02M | $71.33M | $66.34M | $76.72M | $89.25M | $80.59M |
| Gross Profit | $65.53M | $56.51M | $58.08M | $52.73M | $44.85M | $48.42M | $46.85M |
| Gross Margin % | 46.4% | 40.5% | 44.9% | 44.3% | 36.9% | 35.2% | 36.8% |
| Operating Expenses | $60.82M | $55.63M | $56.14M | $54.18M | $50.88M | $53.87M | $59.66M |
| Research & Development | $20.85M | $18.14M | $18.49M | $16.16M | $15.27M | $17.56M | $19.56M |
| Operating Income | $4.72M | $872.00K | $1.93M | $-1.45M | $-6.03M | $-5.45M | $-12.80M |
| Operating Margin % | 3.3% | 0.6% | 1.5% | -1.2% | -5.0% | -4.0% | -10.0% |
| Other Income/Expense | $9.70M | $503.00K | $-407.00K | $-198.00K | $-4.00K | $-57.00K | $-18.00K |
| Income Before Tax | $6.10M | $7.03M | $2.87M | $-333.00K | $-4.73M | $-4.11M | $-11.32M |
| Income Tax Expense | $339.00K | $154.00K | $-254.00K | $502.00K | $132.00K | $329.00K | $236.00K |
| Net Income | $5.76M | $6.87M | $3.12M | $-835.00K | $-4.86M | $-4.44M | $-11.56M |
| Net Margin % | 4.1% | 4.9% | 2.4% | -0.7% | -4.0% | -3.2% | -9.1% |
| Basic EPS | 0.05 | 0.07 | 0.03 | -0.01 | -0.05 | -0.04 | -0.12 |
| Diluted EPS | 0.06 | 0.06 | 0.03 | -0.01 | -0.05 | -0.04 | -0.12 |
| Basic Shares Outstanding | - | 105.2M | 103.9M | 102.2M | 698K | 99.7M | 97.8M |
| Diluted Shares Outstanding | - | 109.6M | 108.1M | 102.2M | 698K | 99.7M | 97.8M |
| 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) |
|---|---|---|---|---|---|---|---|
| Cash & Cash Equivalents | $146.44M | $86.01M | $71.24M | $84.01M | $82.03M | $77.03M | $62.93M |
| Accounts Receivable | $39.67M | $76.70M | $61.45M | $46.05M | $57.33M | $68.57M | $61.75M |
| Inventory | $41.19M | $44.37M | $30.88M | $34.56M | $40.63M | $51.98M | $45.23M |
| Other Current Assets | $13.21M | $15.11M | $15.89M | $12.63M | $13.19M | $12.42M | $12.25M |
| Total Current Assets | $260.49M | $301.72M | $268.62M | $246.35M | $262.61M | $279.54M | $263.23M |
| Property Plant & Equipment | $13.16M | $12.39M | $8.98M | $7.19M | $4.76M | $4.44M | $3.77M |
| Goodwill | $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 |
| Total Assets | $310.55M | $350.87M | $319.74M | $296.57M | $298.40M | $312.38M | $295.81M |
| Accounts Payable | $42.83M | $78.16M | $50.18M | $49.24M | $63.78M | $93.75M | $74.08M |
| Accrued Liabilities | $92.37M | $94.00M | $90.00M | $81.37M | $85.73M | $78.93M | $80.02M |
| Deferred Revenue | $37.14M | $40.07M | $42.11M | $42.75M | $27.25M | $24.60M | $23.50M |
| Total Current Liabilities | $172.34M | $212.23M | $182.28M | $173.36M | $176.76M | $197.27M | $177.61M |
| Other Non-current Liabilities | $3.63M | $2.20M | $2.58M | $2.40M | $2.37M | $3.71M | $3.53M |
| Total Liabilities | $182.71M | $221.64M | $201.47M | $193.20M | $197.49M | $215.47M | $196.54M |
| Common Stock | $105.00K | $105.00K | $104.00K | $103.00K | $101.00K | $100.00K | $98.00K |
| Retained Earnings | $-383.04M | $-388.80M | $-395.68M | $-398.80M | $-397.96M | $-393.10M | $-388.67M |
| Total Stockholders Equity | $127.84M | $129.23M | $118.27M | $103.37M | $100.91M | $96.91M | $99.27M |
| Total Liabilities & Equity | $310.55M | $350.87M | $319.74M | $296.57M | $298.40M | $312.38M | $295.81M |
| 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) |
|---|---|---|---|---|---|---|---|
| Net Income | $5.76M | $6.87M | $2.29M | $-835.00K | $-4.86M | $-25.64M | $-11.56M |
| Depreciation & Amortization | $1.34M | $899.00K | $858.00K | $829.00K | $805.00K | $2.40M | $1.68M |
| Stock-based Compensation | $17.20M | $45.13M | $32.00M | $17.01M | $14.50M | $54.16M | $39.47M |
| Deferred Income Tax | - | - | - | - | $-65.00K | $-23.00K | $-5.00K |
| Change in Receivables | $-37.05M | $19.40M | $4.19M | $-11.29M | $-11.32M | $3.10M | $-3.81M |
| Change in Inventory | $-3.27M | $4.70M | $-9.83M | $-5.65M | $-12.10M | $16.61M | $6.79M |
| Change in Payables | $-35.49M | $14.42M | $-13.89M | $-14.98M | $-29.87M | $38.16M | $18.79M |
| Operating Cash Flow | $19.77M | $58.95M | $39.75M | $30.92M | $6.67M | $44.63M | $26.27M |
| Capital Expenditure | - | - | - | $2.80M | $1.08M | $1.61M | $651.00K |
| Investing Cash Flow | $58.18M | $-30.43M | $-36.67M | $-14.35M | $-389.00K | $11.23M | $-268.00K |
| 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 |
| Net Change in Cash | $60.43M | $3.98M | $-10.79M | $1.98M | $1.35M | $20.03M | $5.90M |
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.