$589.13M
Revenue
$-307.37M
Net Income
38.88%
Gross Margin
-26.10%
Op. Margin
$-164.53M
Free Cash Flow
| Breakdown | 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) |
Q1 2024 (Mar 31, 2024) |
|---|---|---|---|---|---|---|
| Total Revenue | $147.09M | $118.86M | $161.08M | $162.11M | $164.60M | $133.48M |
| Revenue Growth % (YoY) | -10.6% | -11.0% | nan% | nan% | nan% | nan% |
| Cost of Revenue | $80.97M | $96.85M | $89.24M | $92.99M | $94.65M | $100.36M |
| Gross Profit | $66.11M | $22.01M | $71.84M | $69.12M | $69.95M | $33.12M |
| Gross Margin % | 44.9% | 18.5% | 44.6% | 42.6% | 42.5% | 24.8% |
| Operating Expenses | $153.97M | $182.50M | $210.41M | $196.04M | $196.30M | $201.14M |
| Research & Development | $3.86M | $3.94M | $3.03M | $4.43M | $4.39M | $4.67M |
| Operating Income | $-6.88M | $-63.64M | $-49.33M | $-33.92M | $-31.70M | $-67.66M |
| Operating Margin % | -4.7% | -53.5% | -30.6% | -20.9% | -19.3% | -50.7% |
| Other Income/Expense | $2.34M | $6.17M | $-1.95M | $9.53M | $1.64M | $686.00K |
| Income Before Tax | $-44.70M | $-55.78M | $-29.59M | $-179.19M | $32.98M | $-50.30M |
| Income Tax Expense | $-180.00K | $717.00K | $-2.63M | $202.00K | $237.00K | $187.00K |
| Net Income | $-44.52M | $-56.49M | $-26.96M | $-179.39M | $32.75M | $-50.49M |
| Net Margin % | -30.3% | -47.5% | -16.7% | -110.7% | 19.9% | -37.8% |
| Basic EPS | -3.96 | -4.85 | -0.84 | -17.82 | 2.94 | -4.58 |
| Diluted EPS | -3.96 | -4.85 | -0.84 | -17.82 | 2.94 | -4.58 |
| Breakdown | 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) |
Q1 2024 (Mar 31, 2024) |
|---|---|---|---|---|---|---|
| Cash & Cash Equivalents | $27.13M | $23.33M | $20.79M | $26.96M | $17.54M | $40.76M |
| Accounts Receivable | $12.00M | $8.53M | $13.92M | $10.18M | $9.57M | $8.12M |
| Other Current Assets | $11.61M | $9.79M | $9.73M | $15.53M | $11.44M | $12.40M |
| Total Current Assets | $97.16M | $88.48M | $99.85M | $106.12M | $95.92M | $119.69M |
| Property Plant & Equipment | $4.39M | $4.38M | $5.93M | $10.66M | $14.28M | $19.48M |
| Other Non-current Assets | $21.12M | $19.14M | $17.54M | $14.44M | $14.59M | $15.75M |
| Total Assets | $1.00B | $1.03B | $1.14B | $1.22B | $1.21B | $1.35B |
| Accounts Payable | $49.19M | $49.22M | $33.72M | $33.51M | $32.15M | $28.88M |
| Accrued Liabilities | $36.17M | $34.46M | $32.62M | $39.10M | $38.72M | $39.47M |
| Deferred Revenue | $96.15M | $101.07M | $71.73M | $74.83M | $76.56M | $82.19M |
| Other Current Liabilities | $19.82M | $7.16M | $5.51M | $126.59M | - | - |
| Total Current Liabilities | $388.15M | $384.54M | $338.55M | $473.28M | $330.79M | $348.82M |
| Long-term Debt | $217.92M | $226.16M | $217.24M | $209.85M | $191.65M | $176.10M |
| Other Non-current Liabilities | $16.14M | $8.07M | $8.11M | $850.00K | $750.00K | $621.00K |
| Total Liabilities | $1.49B | $1.53B | $1.57B | $1.75B | $1.60B | $1.77B |
| Common Stock | $1.00K | $1.00K | $1.00K | $1.00K | $1.00K | $1.00K |
| Retained Earnings | $-1.68B | $-1.64B | $-1.58B | $-1.56B | $-1.38B | $-1.41B |
| Total Stockholders Equity | $-715.44M | $-656.75M | $-598.79M | $-596.47M | $-387.36M | $-424.77M |
| Total Liabilities & Equity | $1.00B | $1.03B | $1.14B | $1.22B | $1.21B | $1.35B |
| Breakdown | 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) |
Q1 2024 (Mar 31, 2024) |
|---|---|---|---|---|---|---|
| Net Income | $-44.52M | $-56.49M | $-26.96M | $-179.39M | $-17.74M | $-50.49M |
| Depreciation & Amortization | $4.59M | $2.59M | $3.64M | $13.35M | $9.96M | $4.97M |
| Stock-based Compensation | $803.00K | $2.27M | $1.60M | $6.40M | $4.79M | $3.01M |
| Change in Receivables | $-1.19M | $-2.93M | $12.00M | $3.34M | $3.00M | $-634.00K |
| Change in Payables | $13.96M | $15.26M | $2.25M | $9.31M | $9.28M | $5.32M |
| Operating Cash Flow | $-23.97M | $-4.35M | $-38.77M | $-90.45M | $-73.09M | $-40.31M |
| Capital Expenditure | $2.65M | $1.22M | $1.24M | $1.87M | $2.09M | $606.00K |
| Investing Cash Flow | $5.30M | $-959.00K | $7.82M | $-2.10M | $-2.21M | $-716.00K |
| Debt Repayment | $500.00K | $250.00K | $250.00K | $761.00K | $505.00K | $250.00K |
| Financing Cash Flow | $17.48M | $-250.00K | $27.56M | $32.29M | $8.92M | $-250.00K |
| Net Change in Cash | $-1.10M | $-5.53M | $-3.85M | $-60.60M | $-67.37M | $-41.62M |
SEC Filing Format - Data shown as it appears in the Q2 2025 (10-Q) filing
Period ended: Jun 30, 2025
Condensed Consolidated Statements of Operations
| Description | Jun 30, 2025 | Jun 30, 2025 | ||
|---|---|---|---|---|
| Current | Prior Year | Current YTD | Prior Year YTD | |
| Total Revenue | $147.09M | - | $265.94M | - |
| Cost of Revenue | $80.97M | - | $177.82M | - |
| Operating Expenses | $153.97M | - | $336.46M | - |
| Research & Development | $3.86M | - | $7.80M | - |
| Operating Income | $-6.88M | - | $-70.52M | - |
| Other Income/Expense | $2.34M | - | $8.52M | - |
| Income Before Tax | $-44.70M | - | $-100.48M | - |
| Income Tax Expense | $-180.00K | - | $537.00K | - |
| Net Income | $-44.52M | $-50.49M | $-101.02M | - |
| Basic EPS | -3.96 | - | -8.44 | - |
| Diluted EPS | -3.96 | - | -8.44 | - |
Condensed Consolidated Balance Sheets
| Description | Jun 30, 2025 | Dec 31, 2024 |
|---|---|---|
| Cash & Cash Equivalents | $27.13M | $20.79M |
| Accounts Receivable | $12.00M | $13.92M |
| Other Current Assets | $11.61M | $9.73M |
| Total Current Assets | $97.16M | $99.85M |
| Property Plant & Equipment | $4.39M | $5.93M |
| Other Non-current Assets | $21.12M | $17.54M |
| Total Assets | $1.00B | $1.14B |
| Accounts Payable | $49.19M | $33.72M |
| Accrued Liabilities | $36.17M | $32.62M |
| Deferred Revenue | $96.15M | $71.73M |
| Other Current Liabilities | $19.82M | $5.51M |
| Total Current Liabilities | $388.15M | $338.55M |
| Long-term Debt | $217.92M | $217.24M |
| Other Non-current Liabilities | $16.14M | $8.11M |
| Total Liabilities | $1.49B | $1.57B |
| Common Stock | $1.00K | $1.00K |
| Retained Earnings | $-1.68B | $-1.58B |
| Total Stockholders Equity | $-715.44M | $-598.79M |
| Total Liabilities & Equity | $1.00B | $1.14B |
Condensed Consolidated Statements of Cash Flows
| Description | Jun 30, 2025 | Jun 30, 2025 | ||
|---|---|---|---|---|
| Current | Prior Year | Current YTD | Prior Year YTD | |
| Net Income | $-44.52M | $-50.49M | $-101.02M | - |
| Depreciation & Amortization | - | - | $4.59M | - |
| Stock-based Compensation | - | - | $803.00K | - |
| Change in Receivables | - | - | $-1.19M | - |
| Change in Payables | - | - | $13.96M | - |
| Operating Cash Flow | - | - | $-23.97M | - |
| Capital Expenditure | - | - | $2.65M | - |
| Investing Cash Flow | - | - | $5.30M | - |
| Debt Repayment | - | - | $500.00K | - |
| Financing Cash Flow | - | - | $17.48M | - |
| Net Change in Cash | - | - | $-1.10M | - |
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.