$1.95B
Revenue
$-432.06M
Net Income
21.81%
Gross Margin
-
Op. Margin
$-541.42M
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 | $1.95B | $1.95B | $2.51B | $2.89B | $3.57B | $2.15B |
| Revenue Growth % | 0.0% | -22.2% | -13.2% | -19.1% | 66.2% | nan% |
| Cost of Revenue | $1.52B | $1.52B | $1.71B | $1.73B | $1.52B | $1.20B |
| Gross Profit | $425.22M | $425.22M | $792.73M | $1.16B | $2.06B | $953.22M |
| Gross Margin % | 21.8% | 21.8% | 31.6% | 40.1% | 57.6% | 44.4% |
| Operating Expenses | $2.28B | $2.28B | $2.59B | $2.72B | $2.53B | $1.85B |
| Selling General & Admin | $39.25M | $39.25M | $36.94M | $84.18M | $42.50M | $30.67M |
| Interest Expense | $102.20M | $58.81M | $29.73M | $28.63M | $36.73M | $33.46M |
| Other Income/Expense | $10.58M | $10.58M | $3.73M | $5.76M | $33.80M | $-6.19M |
| Income Before Tax | $-444.42M | $-444.42M | $-149.19M | $123.81M | $1.00B | $242.53M |
| Income Tax Expense | $-12.36M | $-12.36M | $-40.31M | $-32.25M | $231.57M | $53.10M |
| Net Income | $-432.06M | $-432.06M | $-108.88M | $156.06M | $771.70M | $189.43M |
| Net Margin % | -22.2% | -22.2% | -4.3% | 5.4% | 21.6% | 8.8% |
| Basic EPS | -2.57 | -2.58 | -0.65 | 0.93 | 4.60 | 1.21 |
| Diluted EPS | -2.57 | -2.58 | -0.65 | 0.93 | 4.60 | 1.21 |
| Basic Shares Outstanding | - | 167.6M | 167.6M | 167.6M | - | - |
| Diluted Shares Outstanding | - | 167.6M | 168.1M | 167.8M | - | - |
| 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) |
|---|---|---|---|---|---|
| Accounts Receivable | $250.92M | $209.11M | $263.95M | $409.98M | $271.92M |
| Inventory | $195.16M | $155.74M | $192.28M | $158.02M | $118.92M |
| Other Current Assets | $87.68M | $110.28M | $103.61M | $60.19M | $47.65M |
| Total Current Assets | $706.80M | $814.75M | $944.04M | $989.03M | $903.45M |
| Property Plant & Equipment | $1.65B | $1.51B | $1.51B | $1.39B | $1.40B |
| Goodwill | $28.01M | $28.01M | $28.01M | $28.01M | $28.01M |
| Intangible Assets | $2.71M | $2.90M | $3.11M | $3.31M | $3.51M |
| Other Non-current Assets | $5.41M | $6.34M | $19.66M | $33.59M | $19.73M |
| Total Assets | $2.63B | $2.52B | $2.68B | $2.55B | $2.46B |
| Accounts Payable | $89.18M | $101.74M | $113.27M | $61.78M | $97.51M |
| Accrued Liabilities | $276.03M | $206.80M | $312.70M | $343.69M | $270.94M |
| Total Current Liabilities | $457.05M | $405.57M | $507.73M | $600.86M | $472.52M |
| Long-term Debt | $686.66M | $412.31M | - | - | - |
| Deferred Tax Liabilities | $23.25M | $36.74M | $100.14M | $95.67M | $75.75M |
| Other Non-current Liabilities | $41.41M | $36.39M | $34.55M | $27.95M | $26.22M |
| Total Liabilities | $1.98B | $1.44B | $1.43B | $1.45B | $1.38B |
| Common Stock | $1.68M | $1.68M | $1.68M | $1.68M | $1.68M |
| Retained Earnings | $-326.23M | $114.21M | $239.85M | $100.55M | $30.51M |
| Total Stockholders Equity | $649.75M | $1.07B | $1.25B | $1.10B | $1.08B |
| Total Liabilities & Equity | $2.63B | $2.52B | $2.68B | $2.55B | $2.46B |
| 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 | $-432.06M | $-432.06M | $-108.88M | $156.06M | $771.70M | $189.43M |
| Depreciation & Amortization | $225.87M | $185.35M | $187.40M | $160.71M | $167.05M | $177.88M |
| Stock-based Compensation | $-1.19M | $183.00K | $129.00K | $2.15M | $2.73M | $-250.00K |
| Deferred Income Tax | - | $-14.28M | $-39.53M | $-21.34M | - | - |
| Change in Receivables | $-75.62M | $35.34M | $-35.45M | $-155.06M | $156.82M | $33.55M |
| Change in Inventory | $29.25M | $32.70M | $-27.64M | $32.77M | $41.24M | $9.64M |
| Change in Payables | $-3.93M | $-13.79M | $-9.37M | $40.16M | $-27.66M | $24.17M |
| Operating Cash Flow | $-77.17M | $-80.00M | $74.04M | $268.28M | $926.64M | $442.01M |
| Capital Expenditure | $464.24M | $244.78M | $248.14M | $237.21M | $199.72M | $89.66M |
| Investing Cash Flow | $-546.66M | $-298.74M | $-226.34M | $-238.17M | $-208.34M | $-134.33M |
| Stock Issued | - | - | - | - | - | $97.74M |
| Dividends Paid | - | $8.33M | $16.68M | $16.75M | $700.24M | - |
| Financing Cash Flow | $265.32M | $207.98M | $162.76M | $-24.68M | $-784.25M | $80.84M |
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 | $482.13M | - | $1.40B | - |
| Cost of Revenue | $360.59M | - | $1.09B | - |
| Operating Expenses | $554.07M | - | $1.63B | - |
| Selling General & Admin | $7.54M | - | $23.47M | - |
| Interest Expense | - | - | $49.32M | - |
| Other Income/Expense | $460.00K | - | $219.00K | - |
| Income Before Tax | $-103.76M | - | $-305.53M | - |
| Income Tax Expense | $5.71M | - | $-23.66M | - |
| Net Income | $-109.47M | $45.20M | $-281.87M | - |
| Basic EPS | -0.65 | - | -1.68 | - |
| Diluted EPS | -0.65 | - | -1.68 | - |
Condensed Consolidated Balance Sheets
| Description | Sep 30, 2025 | Dec 31, 2024 |
|---|---|---|
| Accounts Receivable | $146.49M | $209.11M |
| Inventory | $211.81M | $155.74M |
| Other Current Assets | $73.67M | $110.28M |
| Total Current Assets | $604.06M | $814.75M |
| Property Plant & Equipment | $1.68B | $1.51B |
| Goodwill | $28.01M | $28.01M |
| Intangible Assets | $2.76M | $2.90M |
| Other Non-current Assets | $10.81M | $6.34M |
| Total Assets | $2.54B | $2.52B |
| Accounts Payable | $145.65M | $101.74M |
| Accrued Liabilities | $202.92M | $206.80M |
| Total Current Liabilities | $448.15M | $405.57M |
| Long-term Debt | $487.50M | $410.94M |
| Deferred Tax Liabilities | $19.26M | $36.74M |
| Other Non-current Liabilities | $44.10M | $36.39M |
| Total Liabilities | $1.75B | $1.44B |
| Common Stock | $1.68M | $1.68M |
| Retained Earnings | $-176.04M | $114.21M |
| Total Stockholders Equity | $792.55M | $1.07B |
| Total Liabilities & Equity | $2.54B | $2.52B |
Condensed Consolidated Statements of Cash Flows
| Description | Sep 30, 2025 | Sep 30, 2025 | ||
|---|---|---|---|---|
| Current | Prior Year | Current YTD | Prior Year YTD | |
| Net Income | $-109.47M | $45.20M | $-281.87M | - |
| Depreciation & Amortization | $49.20M | - | $135.23M | - |
| Stock-based Compensation | - | - | $-459.00K | - |
| Change in Receivables | - | - | $-66.85M | - |
| Change in Inventory | - | - | $50.95M | - |
| Change in Payables | - | - | $41.17M | - |
| Operating Cash Flow | - | - | $54.85M | - |
| Capital Expenditure | - | - | $206.87M | - |
| Investing Cash Flow | - | - | $-265.64M | - |
| Dividends Paid | - | - | $8.33M | - |
| Financing Cash Flow | - | - | $43.72M | - |
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.