$2.35B
Revenue
$128.37M
Net Income
73.84%
Gross Margin
4.50%
Op. Margin
$499.07M
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 | $617.82M | $598.98M | $544.83M | $586.01M | $481.14M | $401.56M | $315.65M |
| Revenue Growth % (YoY) | 28.4% | 49.2% | 72.6% | nan% | nan% | nan% | nan% |
| Cost of Revenue | $173.38M | $156.92M | $128.64M | $155.32M | $111.60M | $83.67M | $59.03M |
| Gross Profit | $444.44M | $442.06M | $416.20M | $430.69M | $369.54M | $317.89M | $256.61M |
| Gross Margin % | 71.9% | 73.8% | 76.4% | 73.5% | 76.8% | 79.2% | 81.3% |
| Operating Expenses | $435.25M | $430.25M | $389.47M | $372.79M | $350.94M | $295.51M | $245.58M |
| Operating Income | $9.19M | $11.81M | $26.72M | $57.90M | $18.60M | $22.37M | $11.03M |
| Operating Margin % | 1.5% | 2.0% | 4.9% | 9.9% | 3.9% | 5.6% | 3.5% |
| Other Income/Expense | $6.36M | $8.04M | $6.13M | $2.60M | $3.69M | $1.22M | $2.39M |
| Income Before Tax | $18.35M | $12.22M | $32.85M | $60.49M | $22.29M | $23.59M | $13.42M |
| Income Tax Expense | $-2.25M | $-3.55M | $-9.65M | $11.01M | $-3.73M | $-51.99M | $127.00K |
| Net Income | $20.60M | $15.77M | $42.51M | $49.48M | $26.02M | $75.59M | $13.30M |
| Net Margin % | 3.3% | 2.6% | 7.8% | 8.4% | 5.4% | 18.8% | 4.2% |
| Basic EPS | 0.09 | 0.07 | 0.19 | 0.22 | 0.11 | 0.35 | 0.06 |
| Diluted EPS | 0.08 | 0.06 | 0.17 | 0.20 | 0.10 | 0.32 | 0.06 |
| Basic Shares Outstanding | - | 226.3M | 224.4M | 222.0M | 1.0M | 216.6M | 214.6M |
| Diluted Shares Outstanding | - | 248.7M | 256.8M | 246.6M | 3.7M | 235.1M | 234.8M |
| 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 | $228.62M | $345.78M | $1.12B | $273.74M | $220.58M | $165.52M | $129.29M |
| Accounts Receivable | $32.10M | - | - | - | $6.10M | - | - |
| Inventory | $80.13M | $105.99M | $141.80M | $76.10M | $64.43M | $49.11M | $40.59M |
| Other Current Assets | $4.37M | $109.53M | $69.15M | $48.20M | $400.00K | $23.19M | $23.04M |
| Total Current Assets | $767.64M | $845.26M | $1.36B | $446.96M | $395.83M | $326.38M | $290.92M |
| Goodwill | $278.32M | $259.24M | $117.75M | $117.75M | $112.73M | $112.73M | $110.88M |
| Intangible Assets | $196.12M | $194.93M | $40.66M | $43.43M | $43.41M | $44.82M | $17.13M |
| Long-term Investments | - | $438.34M | - | - | - | - | - |
| Other Non-current Assets | $29.68M | $3.88M | $1.87M | $1.94M | $147.00K | $138.00K | $138.00K |
| Total Assets | $2.15B | $2.23B | $1.88B | $891.71M | $707.54M | $602.26M | $480.50M |
| Accounts Payable | $143.28M | $198.41M | $105.01M | $108.92M | $91.18M | $75.44M | $57.10M |
| Accrued Liabilities | $78.52M | $80.13M | $65.67M | $56.94M | $53.01M | $43.22M | $28.95M |
| Deferred Revenue | $127.16M | $118.46M | $98.42M | $110.77M | $75.28M | $32.18M | $20.99M |
| Total Current Liabilities | $404.43M | $450.79M | $272.23M | $280.36M | $221.37M | $152.65M | $108.67M |
| Deferred Tax Liabilities | $28.86M | $31.21M | - | - | - | - | - |
| Other Non-current Liabilities | $11.73M | $6.11M | $1.40M | $2.44M | - | - | $22.00K |
| Total Liabilities | $1.61B | $1.65B | $1.31B | $342.45M | $230.82M | $162.21M | $118.53M |
| Common Stock | $23.00K | $23.00K | $23.00K | $22.00K | $22.00K | $22.00K | $22.00K |
| Retained Earnings | $-113.77M | $-134.37M | $-150.15M | $-192.65M | $-242.14M | $-268.16M | $-343.75M |
| Total Stockholders Equity | $540.93M | $580.98M | $562.70M | $549.26M | $476.72M | $440.05M | $361.97M |
| Total Liabilities & Equity | $2.15B | $2.23B | $1.88B | $891.71M | $707.54M | $602.26M | $480.50M |
| 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 | $20.60M | $15.77M | $42.51M | $49.48M | $26.02M | $100.01M | $13.30M |
| Depreciation & Amortization | $18.09M | $36.41M | $18.74M | $8.28M | $6.06M | $11.03M | $6.64M |
| Stock-based Compensation | $34.49M | $100.76M | $60.58M | $24.86M | $24.35M | $67.97M | $43.07M |
| Deferred Income Tax | $-3.48M | $-9.48M | $-10.35M | $-890.00K | $-7.31M | $-54.34M | - |
| Change in Inventory | $-26.38M | $40.10M | $77.37M | $11.67M | $15.32M | $26.30M | $18.12M |
| Change in Payables | $-45.80M | $76.10M | $5.15M | $14.47M | $8.66M | $35.05M | $16.16M |
| Operating Cash Flow | $61.31M | $238.69M | $89.97M | $109.09M | $86.39M | $164.70M | $79.43M |
| Acquisitions | $23.45M | $121.77M | $5.10M | $5.10M | - | $15.40M | - |
| Sales of Investments | $35.94M | $72.76M | $60.57M | $31.34M | $19.65M | $189.29M | $126.09M |
| Investing Cash Flow | $-83.68M | $-941.28M | $-53.88M | $-32.80M | $-17.21M | $-1.84M | $8.57M |
| Stock Repurchased | $80.48M | $9.48M | - | - | $5.00M | $78.03M | $48.00M |
| Financing Cash Flow | $-97.52M | $827.14M | $866.15M | $-23.02M | $-13.65M | $-94.19M | $-55.37M |
| Net Change in Cash | $-117.16M | $124.34M | $903.51M | $53.52M | $55.07M | $68.86M | $32.63M |
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 | $598.98M | - | $1.73B | - |
| Cost of Revenue | $156.92M | - | $440.88M | - |
| Gross Profit | $442.06M | - | $1.29B | - |
| Operating Expenses | $430.25M | - | $1.19B | - |
| Operating Income | $11.81M | - | $96.43M | - |
| Other Income/Expense | $8.04M | - | $16.77M | - |
| Income Before Tax | $12.22M | - | $105.57M | - |
| Income Tax Expense | $-3.55M | - | $-2.19M | - |
| Net Income | $15.77M | $13.30M | $107.76M | - |
| Basic EPS | 0.07 | - | 0.48 | - |
| Diluted EPS | 0.06 | - | 0.43 | - |
| Basic Shares Outstanding | $226.35M | - | $224.25M | - |
| Diluted Shares Outstanding | $248.68M | - | $255.55M | - |
Condensed Consolidated Balance Sheets
| Description | Sep 30, 2025 | Dec 31, 2024 |
|---|---|---|
| Cash & Cash Equivalents | $345.78M | $220.58M |
| Inventory | $105.99M | $64.43M |
| Other Current Assets | $109.53M | $31.15M |
| Total Current Assets | $845.26M | $395.83M |
| Goodwill | $259.24M | $112.73M |
| Intangible Assets | $194.93M | $43.41M |
| Long-term Investments | $438.34M | - |
| Other Non-current Assets | $3.88M | $147.00K |
| Total Assets | $2.23B | $707.54M |
| Accounts Payable | $198.41M | $91.18M |
| Accrued Liabilities | $80.13M | $53.01M |
| Deferred Revenue | $118.46M | $75.28M |
| Total Current Liabilities | $450.79M | $221.37M |
| Deferred Tax Liabilities | $31.21M | - |
| Other Non-current Liabilities | $6.11M | - |
| Total Liabilities | $1.65B | $230.82M |
| Common Stock | $23.00K | $22.00K |
| Retained Earnings | $-134.37M | $-242.14M |
| Total Stockholders Equity | $580.98M | $476.72M |
| Total Liabilities & Equity | $2.23B | $707.54M |
Condensed Consolidated Statements of Cash Flows
| Description | Sep 30, 2025 | Sep 30, 2025 | ||
|---|---|---|---|---|
| Current | Prior Year | Current YTD | Prior Year YTD | |
| Net Income | $15.77M | $13.30M | $107.76M | - |
| Depreciation & Amortization | - | - | $36.41M | - |
| Stock-based Compensation | - | - | $100.76M | - |
| Deferred Income Tax | - | - | $-9.48M | - |
| Change in Inventory | - | - | $40.10M | - |
| Change in Payables | - | - | $76.10M | - |
| Operating Cash Flow | - | - | $238.69M | - |
| Acquisitions | - | - | $121.77M | - |
| Sales of Investments | - | - | $72.76M | - |
| Investing Cash Flow | - | - | $-941.28M | - |
| Stock Repurchased | - | - | $9.48M | - |
| Financing Cash Flow | - | - | $827.14M | - |
| Net Change in Cash | - | - | $124.34M | - |
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.