$133.34M
Revenue
$-67.63M
Net Income
-
Gross Margin
-18.57%
Op. Margin
$2.03M
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 | $133.34M | $133.34M | $95.57M | $32.39M | $38.59M | $55.49M |
| Revenue Growth % | 0.0% | 39.5% | 195.1% | -16.1% | -30.5% | nan% |
| Cost of Revenue | - | $143.82M | $106.65M | $32.63M | $32.85M | - |
| Gross Profit | - | $-10.49M | $-11.08M | $-242.00K | $5.75M | - |
| Gross Margin % | nan% | -7.9% | -11.6% | -0.7% | 14.9% | nan% |
| Operating Expenses | $158.10M | $158.10M | $123.78M | $39.18M | $39.98M | $50.04M |
| Operating Income | $-24.76M | $-24.76M | $-28.21M | $-6.79M | $-1.39M | $5.46M |
| Operating Margin % | -18.6% | -18.6% | -29.5% | -21.0% | -3.6% | 9.8% |
| Interest Expense | $10.68M | $6.06M | $4.11M | $426.00K | $6.98M | $11.10M |
| Other Income/Expense | $-23.10M | $-40.56M | $27.23M | $-326.00K | $-8.07M | $-11.18M |
| Income Before Tax | $-66.74M | $-65.33M | $-982.00K | $-7.11M | $-9.46M | $-5.72M |
| Income Tax Expense | $895.00K | $895.00K | $320.00K | $308.00K | $336.00K | $358.00K |
| Net Income | $-67.63M | $-66.22M | $-1.30M | $-7.63M | $30.91M | $-6.08M |
| Net Margin % | -50.7% | -49.7% | -1.4% | -23.6% | 80.1% | -11.0% |
| Basic EPS | nan | -0.84 | -0.08 | -0.40 | 2.06 | -1.22 |
| Diluted EPS | nan | -0.84 | -0.08 | -0.40 | 2.06 | -1.22 |
| Basic Shares Outstanding | 765K | 79.4M | 59.8M | 24.9M | 13.4M | 7.2M |
| Diluted Shares Outstanding | 765K | 79.4M | 59.8M | 24.9M | 13.4M | 7.2M |
| 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) |
|---|---|---|---|---|---|
| Cash & Cash Equivalents | $5.11M | $4.44M | $3.82M | $10.93M | $6.12M |
| Accounts Receivable | $33.33M | $30.75M | $6.67M | $8.57M | $13.76M |
| Other Current Assets | $2.56M | $1.31M | $1.19M | $341.00K | $526.00K |
| Total Current Assets | $42.07M | $39.28M | $13.91M | $26.25M | $21.64M |
| Property Plant & Equipment | $17.64M | $20.35M | $1.38M | $581.00K | $26.53M |
| Goodwill | $8.40M | $28.34M | - | - | $13.10M |
| Intangible Assets | $172.72M | $178.89M | - | - | - |
| Other Non-current Assets | $4.39M | $58.65M | $15.61M | $5.17M | $22.01M |
| Total Assets | $291.06M | $325.50M | $95.49M | $96.70M | $148.21M |
| Accounts Payable | $36.91M | $13.83M | - | - | - |
| Accrued Liabilities | $13.22M | $20.68M | - | - | - |
| Deferred Revenue | $9.60M | $10.92M | $557.00K | $825.00K | $2.02M |
| Other Current Liabilities | $2.68M | $788.00K | $65.00K | $35.00K | $1.41M |
| Total Current Liabilities | $91.06M | $57.29M | $11.72M | $11.10M | $13.98M |
| Long-term Debt | $63.28M | $70.17M | - | $5.95M | $97.53M |
| Deferred Tax Liabilities | - | $2.94M | $2.77M | $2.48M | $2.07M |
| Other Non-current Liabilities | $4.68M | $455.00K | $502.00K | $51.00K | $16.00K |
| Total Liabilities | $244.74M | $242.98M | $29.33M | $23.39M | $137.77M |
| Retained Earnings | $-94.77M | $-28.07M | $-23.15M | $-13.10M | $-40.69M |
| Total Stockholders Equity | $46.31M | $62.12M | $37.41M | $46.98M | $-16.57M |
| Total Liabilities & Equity | $291.06M | $325.50M | $95.49M | $96.70M | $148.21M |
| 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 | $-67.63M | $-66.22M | $-1.30M | $-7.63M | $30.91M | $-6.08M |
| Depreciation & Amortization | $8.61M | $6.84M | $5.26M | $568.00K | $666.00K | $3.92M |
| Stock-based Compensation | - | - | $328.00K | $1.69M | $2.51M | $3.65M |
| Deferred Income Tax | $859.00K | $20.00K | $161.00K | - | $336.00K | $358.00K |
| Change in Receivables | $6.89M | $5.08M | $8.42M | $-1.61M | $-3.63M | $5.32M |
| Operating Cash Flow | $3.13M | $1.97M | $-19.86M | $-5.32M | $2.20M | $2.94M |
| Capital Expenditure | $1.11M | $774.00K | $1.11M | $1.07M | $76.00K | $1.40M |
| Acquisitions | - | - | $13.02M | - | - | - |
| Investing Cash Flow | $-1.11M | $-774.00K | $-14.18M | $-1.67M | $77.19M | $-1.26M |
| Debt Repayment | - | - | $7.32M | - | $68.57M | $3.00M |
| Stock Issued | $24.00K | $8.00K | $71.00K | - | - | $342.00K |
| Stock Repurchased | - | - | $7.00K | $771.00K | $222.00K | - |
| Financing Cash Flow | $-1.52M | $-1.03M | $33.90M | $-1.25M | $-70.21M | $267.00K |
| Net Change in Cash | $506.00K | $162.00K | $-138.00K | $-8.23M | $9.18M | $1.95M |
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 | $35.40M | - | $94.67M | - |
| Operating Expenses | $42.49M | - | $113.23M | - |
| Operating Income | $-7.09M | - | $-18.56M | - |
| Interest Expense | $3.93M | - | $4.67M | - |
| Other Income/Expense | $746.00K | - | $2.98M | - |
| Income Before Tax | $-17.61M | - | $-33.05M | - |
| Income Tax Expense | $282.00K | - | $841.00K | - |
| Net Income | $-17.89M | $-48.31M | $-33.89M | - |
| Basic EPS | -0.22 | - | -0.44 | - |
| Diluted EPS | -0.22 | - | -0.44 | - |
| Basic Shares Outstanding | $81.72M | - | $78.63M | - |
| Diluted Shares Outstanding | $81.72M | - | $78.63M | - |
Condensed Consolidated Balance Sheets
| Description | Sep 30, 2025 | Dec 31, 2024 |
|---|---|---|
| Cash & Cash Equivalents | $6.25M | $4.44M |
| Accounts Receivable | $34.72M | $30.75M |
| Other Current Assets | $3.24M | $1.31M |
| Total Current Assets | $44.78M | $39.28M |
| Property Plant & Equipment | $18.62M | $20.35M |
| Goodwill | $28.34M | $28.34M |
| Intangible Assets | $176.60M | $178.89M |
| Total Assets | $319.39M | $325.50M |
| Deferred Revenue | $10.38M | $10.92M |
| Other Current Liabilities | $699.00K | $788.00K |
| Total Current Liabilities | $88.04M | $57.29M |
| Long-term Debt | $62.48M | $70.17M |
| Deferred Tax Liabilities | $3.64M | $2.94M |
| Other Non-current Liabilities | $482.00K | $455.00K |
| Total Liabilities | $232.73M | $242.98M |
| Retained Earnings | $-62.44M | $-28.07M |
| Total Stockholders Equity | $86.66M | $62.12M |
| Total Liabilities & Equity | $319.39M | $325.50M |
Condensed Consolidated Statements of Cash Flows
| Description | Sep 30, 2025 | Sep 30, 2025 | ||
|---|---|---|---|---|
| Current | Prior Year | Current YTD | Prior Year YTD | |
| Net Income | $-17.89M | $-48.31M | $-33.89M | - |
| Depreciation & Amortization | $1.68M | - | $5.15M | - |
| Stock-based Compensation | - | - | $77.00K | - |
| Deferred Income Tax | - | - | $841.00K | - |
| Change in Receivables | - | - | $6.00M | - |
| Operating Cash Flow | - | - | $1.94M | - |
| Capital Expenditure | - | - | $282.00K | - |
| Acquisitions | - | - | - | - |
| Investing Cash Flow | - | - | $-282.00K | - |
| Stock Issued | - | - | $8.00K | - |
| Stock Repurchased | - | - | - | - |
| Financing Cash Flow | - | - | $-364.00K | - |
| Net Change in Cash | - | - | $1.29M | - |
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.