$166.42M
Revenue
$-104.81M
Net Income
17.95%
Gross Margin
-65.20%
Op. Margin
$-205.62M
Free Cash Flow
| Breakdown | FY 2025 (Dec 31, 2025) |
|---|---|
| Total Revenue | $166.42M |
| Revenue Growth % | nan% |
| Cost of Revenue | $136.54M |
| Gross Profit | $29.88M |
| Gross Margin % | 18.0% |
| Selling General & Admin | $117.08M |
| Operating Income | $-108.50M |
| Operating Margin % | -65.2% |
| Interest Expense | $2.90M |
| Interest Income | $11.59M |
| Other Income/Expense | $10.35M |
| Income Before Tax | $-112.77M |
| Income Tax Expense | $-440.00K |
| Net Income | $-104.81M |
| Net Margin % | -63.0% |
| Basic EPS | -2.89 |
| Diluted EPS | -2.89 |
| Basic Shares Outstanding | 40.2M |
| Diluted Shares Outstanding | 40.2M |
| Breakdown | FY 2025 (Dec 31, 2025) |
|---|---|
| Cash & Cash Equivalents | $491.33M |
| Accounts Receivable | $29.82M |
| Inventory | $3.83M |
| Other Current Assets | $26.54M |
| Total Current Assets | $581.30M |
| Property Plant & Equipment | $164.29M |
| Goodwill | $157.67M |
| Intangible Assets | $98.98M |
| Other Non-current Assets | $30.05M |
| Total Assets | $1.05B |
| Accounts Payable | $27.39M |
| Accrued Liabilities | $75.47M |
| Deferred Revenue | $24.34M |
| Other Current Liabilities | $32.84M |
| Total Current Liabilities | $133.03M |
| Deferred Tax Liabilities | $8.86M |
| Other Non-current Liabilities | $10.17M |
| Total Liabilities | $620.92M |
| Retained Earnings | $-385.93M |
| Treasury Stock | $27.70M |
| Total Stockholders Equity | $383.72M |
| Total Liabilities & Equity | $1.05B |
| Breakdown | FY 2025 (Dec 31, 2025) |
|---|---|
| Net Income | $-104.81M |
| Depreciation & Amortization | $13.42M |
| Stock-based Compensation | $18.92M |
| Deferred Income Tax | $-478.00K |
| Change in Receivables | $5.16M |
| Change in Inventory | $341.00K |
| Change in Payables | $4.07M |
| Operating Cash Flow | $-60.94M |
| Capital Expenditure | $144.67M |
| Acquisitions | $151.83M |
| Purchases of Investments | $15.50M |
| Investing Cash Flow | $-261.61M |
| Stock Issued | $45.89M |
| Stock Repurchased | $27.70M |
| Financing Cash Flow | $757.82M |
| Net Change in Cash | $435.40M |
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 | $39.59M | $39.60M | $119.77M | $106.47M |
| Cost of Revenue | $33.50M | $30.28M | $99.88M | $81.70M |
| Selling General & Admin | $25.11M | $15.17M | $81.63M | $44.06M |
| Operating Income | $-24.04M | $-12.09M | $-74.47M | $-36.66M |
| Interest Expense | $200.00K | $2.94M | $5.45M | $9.03M |
| Other Income/Expense | $4.14M | $462.00K | $6.76M | $954.00K |
| Income Before Tax | $-20.10M | $-15.15M | $-80.96M | $-56.03M |
| Income Tax Expense | $-1.76M | $92.00K | $-1.63M | $218.00K |
| Net Income | $-16.27M | $-14.97M | $-74.59M | $-53.11M |
| Basic EPS | -0.28 | -1.61 | -2.51 | -5.49 |
| Diluted EPS | -0.28 | -1.61 | -2.51 | -5.93 |
| Basic Shares Outstanding | $58.41M | $12.74M | $34.15M | $12.60M |
| Diluted Shares Outstanding | $58.41M | $12.74M | $34.15M | $12.61M |
Condensed Consolidated Balance Sheets
| Description | Sep 30, 2025 | Dec 31, 2024 |
|---|---|---|
| Cash & Cash Equivalents | $413.32M | $55.93M |
| Accounts Receivable | $16.52M | $15.36M |
| Inventory | $1.72M | $1.53M |
| Other Current Assets | $26.53M | $11.46M |
| Total Current Assets | $481.46M | $101.58M |
| Property Plant & Equipment | $107.46M | $49.44M |
| Goodwill | $72.11M | $46.52M |
| Intangible Assets | $44.88M | $34.68M |
| Other Non-current Assets | $12.61M | $7.21M |
| Total Assets | $727.80M | $247.60M |
| Accounts Payable | $23.04M | $22.79M |
| Accrued Liabilities | $62.29M | $39.59M |
| Deferred Revenue | $8.15M | $21.36M |
| Total Current Liabilities | $97.86M | $87.41M |
| Deferred Tax Liabilities | $354.00K | $112.00K |
| Other Non-current Liabilities | $2.02M | $102.00K |
| Total Liabilities | $109.31M | $187.67M |
| Retained Earnings | $-355.71M | $-281.11M |
| Total Stockholders Equity | $590.86M | $-69.70M |
| Total Liabilities & Equity | $727.80M | $247.60M |
Condensed Consolidated Statements of Cash Flows
| Description | Sep 30, 2025 | Sep 30, 2025 | ||
|---|---|---|---|---|
| Current | Prior Year | Current YTD | Prior Year YTD | |
| Net Income | $-16.27M | $-14.97M | $-74.59M | $-53.11M |
| Depreciation & Amortization | - | - | $8.44M | $9.60M |
| Stock-based Compensation | - | - | $15.39M | $2.69M |
| Change in Receivables | - | - | $113.00K | $1.19M |
| Change in Inventory | - | - | $193.00K | $-1.60M |
| Change in Payables | - | - | $3.49M | $-1.93M |
| Operating Cash Flow | - | - | $-45.96M | $-20.00M |
| Capital Expenditure | - | - | $96.56M | $52.76M |
| Acquisitions | - | - | $32.60M | - |
| Purchases of Investments | - | - | $2.50M | - |
| Investing Cash Flow | - | - | $-89.81M | $-23.03M |
| Stock Issued | - | - | $45.89M | - |
| Financing Cash Flow | - | - | $493.04M | $54.93M |
| Net Change in Cash | - | - | $357.39M | $11.92M |
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.