$1.13B
Revenue
$33.31M
Net Income
34.62%
Gross Margin
7.68%
Op. Margin
$246.92M
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 | $1.13B | $1.13B | $924.08M | $691.16M | $592.21M | $488.11M |
| Revenue Growth % | 0.0% | 22.8% | 33.7% | 16.7% | 21.3% | nan% |
| Cost of Revenue | $741.66M | $741.66M | $602.04M | $465.01M | $414.66M | $332.14M |
| Gross Profit | $392.76M | $392.76M | $322.05M | $226.15M | $177.55M | $155.96M |
| Gross Margin % | 34.6% | 34.6% | 34.9% | 32.7% | 30.0% | 32.0% |
| Operating Expenses | $1.05B | $1.05B | $899.77M | $742.77M | $717.01M | $582.38M |
| Operating Income | $87.08M | $87.42M | $24.31M | $-51.61M | $-124.80M | $-94.28M |
| Operating Margin % | 7.7% | 7.7% | 2.6% | -7.5% | -21.1% | -19.3% |
| Interest Expense | $1.62M | $918.00K | $908.00K | $938.00K | $573.00K | $187.00K |
| Other Income/Expense | - | $-98.50M | $6.75M | $2.77M | $-573.00K | $27.88M |
| Income Before Tax | $-11.08M | $-11.08M | $31.80M | $-48.85M | $-125.37M | $-66.40M |
| Income Tax Expense | $-85.11M | $-85.11M | $24.57M | $11.21M | $8.96M | $4.69M |
| Net Income | $33.31M | $33.31M | $2.39M | $-18.30M | $-38.63M | $-19.49M |
| Net Margin % | 2.9% | 2.9% | 0.3% | -2.6% | -6.5% | -4.0% |
| Basic EPS | 0.35 | 0.35 | 0.03 | -0.27 | -0.61 | -0.35 |
| Diluted EPS | 0.31 | 0.31 | 0.03 | -0.27 | -0.61 | -0.51 |
| Basic Shares Outstanding | - | 95.8M | 81.8M | 68.5M | 63.5M | 56.3M |
| Diluted Shares Outstanding | - | 236.1M | 88.4M | 68.5M | 63.5M | 57.4M |
| 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 | $336.26M | $229.17M | $168.33M | $179.72M | $281.03M |
| Short-term Investments | $6.20M | $4.30M | - | - | - |
| Accounts Receivable | $15.86M | $14.91M | $10.52M | $11.17M | $5.83M |
| Other Current Assets | $30.48M | $19.17M | $13.65M | $11.31M | $7.43M |
| Total Current Assets | $406.79M | $285.05M | $228.62M | $264.47M | $341.75M |
| Property Plant & Equipment | $2.44M | $3.06M | - | - | - |
| Intangible Assets | $76.44M | $77.35M | $74.87M | $69.03M | $53.38M |
| Other Non-current Assets | $6.63M | $7.42M | $5.20M | $5.23M | $4.81M |
| Total Assets | $658.51M | $379.47M | $318.58M | $350.35M | $408.73M |
| Accounts Payable | $41.59M | $25.80M | $32.35M | $29.80M | $6.50M |
| Accrued Liabilities | $81.51M | $72.70M | $51.31M | $64.90M | $48.29M |
| Other Current Liabilities | $39.51M | $20.93M | $9.57M | $4.48M | $3.06M |
| Total Current Liabilities | $210.27M | $163.13M | $137.69M | $143.94M | $83.93M |
| Other Non-current Liabilities | $15.93M | $18.02M | $1.69M | $244.00K | $315.00K |
| Total Liabilities | $355.02M | $181.15M | $152.45M | $159.47M | $101.03M |
| Retained Earnings | $-102.62M | $-135.93M | $-138.32M | $-120.01M | $-81.38M |
| Total Stockholders Equity | $147.24M | $78.68M | $53.77M | $56.05M | $85.44M |
| Total Liabilities & Equity | $658.51M | $379.47M | $318.58M | $350.35M | $408.73M |
| 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 | $33.31M | $33.31M | $2.39M | $-18.30M | $-38.63M | $-19.49M |
| Depreciation & Amortization | $39.97M | $39.97M | $32.20M | $29.76M | $14.32M | $4.25M |
| Stock-based Compensation | $49.98M | $26.26M | $35.29M | $30.02M | $18.69M | $24.91M |
| Deferred Income Tax | $-233.90M | $-111.88M | $180.00K | $-214.00K | - | - |
| Change in Receivables | $7.54M | $515.00K | $4.81M | $-658.00K | $5.34M | $5.05M |
| Change in Payables | - | - | - | $1.81M | $23.33M | $-5.55M |
| Operating Cash Flow | $248.22M | $165.00M | $106.45M | $-5.93M | $-60.32M | $-48.19M |
| Capital Expenditure | $1.29M | $767.00K | $925.00K | $1.29M | $4.16M | $3.85M |
| Investing Cash Flow | $-63.68M | $-37.02M | $-33.36M | $-33.78M | $-28.99M | $-37.00M |
| Stock Repurchased | $20.43M | $7.63M | - | - | - | $3.46M |
| Financing Cash Flow | $-98.39M | $-37.36M | $-2.65M | $-518.00K | $-1.22M | $125.58M |
| Net Change in Cash | $116.20M | $107.75M | $61.78M | $-35.10M | $-94.25M | $38.26M |
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 | $277.91M | - | $809.53M | - |
| Cost of Revenue | $183.47M | - | $528.50M | - |
| Operating Expenses | $258.44M | - | $750.82M | - |
| Operating Income | $19.47M | - | $58.71M | - |
| Interest Expense | - | - | $695.00K | - |
| Other Income/Expense | $2.56M | - | $-106.60M | - |
| Income Before Tax | $22.02M | - | $-47.89M | - |
| Income Tax Expense | $7.18M | - | $-102.78M | - |
| Net Income | $6.05M | $-282.00K | $28.06M | - |
| Basic EPS | 0.06 | - | 0.30 | - |
| Diluted EPS | 0.06 | - | 0.23 | - |
| Basic Shares Outstanding | $96.22M | - | $95.05M | - |
| Diluted Shares Outstanding | $236.37M | - | $234.96M | - |
Condensed Consolidated Balance Sheets
| Description | Sep 30, 2025 | Dec 31, 2024 |
|---|---|---|
| Cash & Cash Equivalents | $273.50M | $229.17M |
| Accounts Receivable | $21.89M | $14.91M |
| Other Current Assets | $27.35M | $19.17M |
| Total Current Assets | $344.19M | $285.05M |
| Intangible Assets | $77.58M | $77.35M |
| Other Non-current Assets | $6.83M | $6.89M |
| Total Assets | $593.16M | $379.47M |
| Accounts Payable | $26.86M | $25.80M |
| Accrued Liabilities | $78.18M | $72.70M |
| Other Current Liabilities | $26.15M | $20.93M |
| Total Current Liabilities | $179.90M | $163.13M |
| Other Non-current Liabilities | $16.00M | $17.28M |
| Total Liabilities | $318.80M | $181.15M |
| Retained Earnings | $-107.87M | $-135.93M |
| Total Stockholders Equity | $133.08M | $78.68M |
| Total Liabilities & Equity | $593.16M | $379.47M |
Condensed Consolidated Statements of Cash Flows
| Description | Sep 30, 2025 | Sep 30, 2025 | ||
|---|---|---|---|---|
| Current | Prior Year | Current YTD | Prior Year YTD | |
| Net Income | $6.05M | $-282.00K | $28.06M | - |
| Depreciation & Amortization | $10.19M | - | $29.51M | - |
| Stock-based Compensation | - | - | $21.29M | - |
| Deferred Income Tax | - | - | $-121.41M | - |
| Change in Receivables | - | - | $6.60M | - |
| Operating Cash Flow | - | - | $95.92M | - |
| Capital Expenditure | - | - | $590.00K | - |
| Investing Cash Flow | - | - | $-28.87M | - |
| Stock Repurchased | - | - | $7.63M | - |
| Financing Cash Flow | - | - | $-34.40M | - |
| Net Change in Cash | - | - | $44.80M | - |
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.