$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) |
Q4 2023 (Dec 31, 2023) |
Q3 2023 (Sep 30, 2023) |
Q2 2023 (Jun 30, 2023) |
Q1 2023 (Mar 31, 2023) |
Q4 2022 (Dec 31, 2022) |
Q3 2022 (Sep 30, 2022) |
Q2 2022 (Jun 30, 2022) |
Q1 2022 (Mar 31, 2022) |
Q4 2021 (Dec 31, 2021) |
Q3 2021 (Sep 30, 2021) |
Q2 2021 (Jun 30, 2021) |
Q1 2021 (Mar 31, 2021) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | $147.09M | $118.86M | $161.08M | $162.11M | $164.60M | $133.48M | $163.03M | $160.90M | $157.40M | $120.74M | $134.77M | $124.53M | $121.32M | $80.47M | $-146.28M | - | - | - |
| Revenue Growth % (YoY) | -10.6% | -11.0% | -1.2% | 0.8% | 4.6% | 10.6% | 21.0% | 29.2% | 29.7% | 50.0% | 192.1% | nan% | nan% | nan% | nan% | nan% | nan% | nan% |
| Cost of Revenue | $80.97M | $96.85M | $89.24M | $92.99M | $94.65M | $100.36M | $96.91M | $110.71M | $93.24M | $92.03M | $90.05M | $76.88M | $79.19M | $73.90M | $66.09M | - | - | - |
| Gross Profit | $66.11M | $22.01M | $71.84M | $69.12M | $69.95M | $33.12M | $66.12M | $50.19M | $64.16M | $28.70M | $44.72M | $47.64M | $42.13M | $6.57M | $-212.37M | - | - | - |
| Gross Margin % | 44.9% | 18.5% | 44.6% | 42.6% | 42.5% | 24.8% | 40.6% | 31.2% | 40.8% | 23.8% | 33.2% | 38.3% | 34.7% | 8.2% | 145.2% | nan% | nan% | nan% |
| Operating Expenses | $153.97M | $182.50M | $210.41M | $196.04M | $196.30M | $201.14M | $257.39M | $217.83M | $199.41M | $205.48M | $196.67M | $185.79M | $189.00M | $176.23M | $155.22M | - | - | - |
| Research & Development | $3.86M | $3.94M | $3.03M | $4.43M | $4.39M | $4.67M | $4.88M | $5.34M | $5.56M | $6.58M | $6.25M | $6.94M | $8.09M | $7.62M | $6.26M | - | - | - |
| Operating Income | $-6.88M | $-63.64M | $-49.33M | $-33.92M | $-31.70M | $-67.66M | $-94.36M | $-56.93M | $-42.01M | $-84.74M | $-61.90M | $-61.27M | $-67.68M | $-95.76M | $-3.75M | $-5.90M | $-2.23M | $2.97M |
| Operating Margin % | -4.7% | -53.5% | -30.6% | -20.9% | -19.3% | -50.7% | -57.9% | -35.4% | -26.7% | -70.2% | -45.9% | -49.2% | -55.8% | -119.0% | 2.6% | nan% | nan% | nan% |
| Interest Expense | - | - | - | - | - | - | - | $1.49M | $1.35M | $713.00K | $180.00K | $2.31M | $2.04M | $1.87M | $1.18M | - | - | - |
| Other Income/Expense | $2.34M | $6.17M | $-1.95M | $9.53M | $1.64M | $686.00K | $104.00K | $-1.03M | $2.08M | $2.71M | $6.49M | $-5.17M | $-6.25M | $-2.62M | $5.73M | - | - | - |
| Income Before Tax | $-44.70M | $-55.78M | $-29.59M | $-179.19M | $32.98M | $-50.30M | $-101.21M | $-63.90M | $-45.15M | $-86.35M | $-69.89M | $-74.08M | $-43.66M | $22.42M | $-5.46M | $-5.88M | $-2.21M | $2.98M |
| Income Tax Expense | $-180.00K | $717.00K | $-2.63M | $202.00K | $237.00K | $187.00K | $-1.57M | $376.00K | $182.00K | $81.00K | $-31.00K | $416.00K | $117.00K | $31.00K | $-226.00K | - | - | - |
| Net Income | $-44.52M | $-56.49M | $-26.96M | $-179.39M | $32.75M | $-50.49M | $-99.63M | $-64.28M | $-45.33M | $-86.43M | $-69.86M | $-74.50M | $-43.77M | $22.39M | $-5.46M | $-5.88M | $-2.21M | $2.98M |
| Net Margin % | -30.3% | -47.5% | -16.7% | -110.7% | 19.9% | -37.8% | -61.1% | -39.9% | -28.8% | -71.6% | -51.8% | -59.8% | -36.1% | 27.8% | 3.7% | nan% | nan% | nan% |
| Basic EPS | -3.96 | -4.85 | -0.84 | -17.82 | 2.94 | -4.58 | -9.07 | -5.86 | -0.21 | -0.39 | -0.35 | -0.35 | -0.20 | 0.11 | -6.10 | nan | nan | nan |
| Diluted EPS | -3.96 | -4.85 | -0.84 | -17.82 | 2.94 | -4.58 | -9.07 | -5.86 | -0.21 | -0.39 | -0.35 | -0.35 | -0.20 | -0.18 | -6.10 | nan | nan | nan |
| Basic Shares Outstanding | - | - | - | - | - | - | - | - | - | - | - | - | 215.1M | 176.3M | - | - | - | - |
| Diluted Shares Outstanding | - | - | - | - | - | - | - | - | - | - | - | - | 215.1M | 171.8M | - | - | - | - |
| 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) |
Q4 2023 (Dec 31, 2023) |
Q3 2023 (Sep 30, 2023) |
Q2 2023 (Jun 30, 2023) |
Q1 2023 (Mar 31, 2023) |
Q4 2022 (Dec 31, 2022) |
Q3 2022 (Sep 30, 2022) |
Q2 2022 (Jun 30, 2022) |
Q1 2022 (Mar 31, 2022) |
Q4 2021 (Dec 31, 2021) |
Q3 2021 (Sep 30, 2021) |
Q2 2021 (Jun 30, 2021) |
Q1 2021 (Mar 31, 2021) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Cash Equivalents | $27.13M | $23.33M | $20.79M | $26.96M | $17.54M | $40.76M | $95.76M | $166.04M | $177.44M | $217.97M | $246.62M | $317.32M | $359.50M | $406.35M | $263.94K | $39.73K | $53.08K | $280.69K |
| Accounts Receivable | $12.00M | $8.53M | $13.92M | $10.18M | $9.57M | $8.12M | $8.00M | $9.11M | $14.04M | $6.99M | $5.61M | $5.66M | $7.31M | $1.34M | $4.64M | - | - | - |
| Other Current Assets | $11.61M | $9.79M | $9.73M | $15.53M | $11.44M | $12.40M | $11.35M | $10.53M | $11.52M | $12.71M | $10.06M | $10.44M | $19.00M | $18.52M | $16.42M | - | - | - |
| Total Current Assets | $97.16M | $88.48M | $99.85M | $106.12M | $95.92M | $119.69M | $161.21M | $233.26M | $253.86M | $271.23M | $312.93M | $342.08M | $399.22M | $444.70M | $1.28M | $1.32M | $1.60M | $2.09M |
| Property Plant & Equipment | $4.39M | $4.38M | $5.93M | $10.66M | $14.28M | $19.48M | $22.77M | $28.46M | $31.62M | $35.43M | $34.93M | $35.47M | $35.60M | $35.24M | $27.46M | - | - | - |
| Other Non-current Assets | $21.12M | $19.14M | $17.54M | $14.44M | $14.59M | $15.75M | $15.15M | $15.04M | $13.67M | $13.79M | $16.27M | $15.27M | $15.38M | $15.61M | $22.04M | - | - | - |
| Total Assets | $1.00B | $1.03B | $1.14B | $1.22B | $1.21B | $1.35B | $1.52B | $1.72B | $1.61B | $1.52B | $1.57B | $1.53B | $1.56B | $1.63B | $451.34M | $451.35M | $451.61M | $452.09M |
| Accounts Payable | $49.19M | $49.22M | $33.72M | $33.51M | $32.15M | $28.88M | $23.56M | $20.51M | $19.88M | $14.09M | $16.08M | $9.24M | $15.42M | $16.11M | $19.10M | - | - | - |
| Accrued Liabilities | $36.17M | $34.46M | $32.62M | $39.10M | $38.72M | $39.47M | $38.63M | $24.69M | $18.55M | $18.23M | $20.13M | $16.50M | $25.78M | $25.31M | $5.94M | $4.12M | $3.41M | $1.58M |
| Deferred Revenue | $96.15M | $101.07M | $71.73M | $74.83M | $76.56M | $82.19M | $61.97M | $67.82M | $59.86M | $58.42M | $41.66M | $49.43M | $37.75M | $34.07M | $18.81M | - | - | - |
| Other Current Liabilities | $19.82M | $7.16M | $5.51M | $126.59M | - | - | $2.59M | - | - | - | - | $2.35M | - | - | - | - | - | - |
| Total Current Liabilities | $388.15M | $384.54M | $338.55M | $473.28M | $330.79M | $348.82M | $506.24M | $329.27M | $297.25M | $279.67M | $250.64M | $238.44M | $243.55M | $229.87M | $35.87M | $30.42M | $24.81M | $23.07M |
| Long-term Debt | $217.92M | $226.16M | $217.24M | $209.85M | $191.65M | $176.10M | $1.50M | $196.40M | $186.88M | $179.66M | $172.95M | $166.71M | $161.28M | $156.72M | $10.74M | - | - | - |
| Other Non-current Liabilities | $16.14M | $8.07M | $8.11M | $850.00K | $750.00K | $621.00K | $652.00K | $668.00K | $1.11M | $2.04M | $3.43M | $5.84M | $2.03M | $36.60M | $3.91M | - | - | - |
| Total Liabilities | $1.49B | $1.53B | $1.57B | $1.75B | $1.60B | $1.77B | $1.90B | $1.91B | $1.74B | $1.62B | $1.59B | $1.49B | $1.46B | $1.49B | $51.62M | $46.17M | $40.56M | $38.82M |
| Common Stock | $1.00K | $1.00K | $1.00K | $1.00K | $1.00K | $1.00K | $1.00K | $1.00K | $21.00K | $21.00K | $21.00K | $21.00K | $20.00K | - | $1.00K | - | - | - |
| Retained Earnings | $-1.68B | $-1.64B | $-1.58B | $-1.56B | $-1.38B | $-1.41B | $-1.36B | $-1.18B | $-1.11B | $-1.07B | $-980.55M | $-910.69M | $-836.20M | $-792.42M | $-50.28M | $-44.83M | $-38.94M | $-36.73M |
| Total Stockholders Equity | $-715.44M | $-656.75M | $-598.79M | $-596.47M | $-387.36M | $-424.77M | $-376.70M | $-192.69M | $-136.59M | $-96.83M | $-19.95M | $39.13M | $102.26M | $135.27M | $-50.28M | $-44.83M | $-38.94M | $-36.73M |
| Total Liabilities & Equity | $1.00B | $1.03B | $1.14B | $1.22B | $1.21B | $1.35B | $1.52B | $1.72B | $1.61B | $1.52B | $1.57B | $1.53B | $1.56B | $1.63B | $451.34M | $451.35M | $451.61M | $452.09M |
| 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) |
Q4 2023 (Dec 31, 2023) |
Q3 2023 (Sep 30, 2023) |
Q2 2023 (Jun 30, 2023) |
Q1 2023 (Mar 31, 2023) |
Q4 2022 (Dec 31, 2022) |
Q3 2022 (Sep 30, 2022) |
Q2 2022 (Jun 30, 2022) |
Q1 2022 (Mar 31, 2022) |
Q4 2021 (Dec 31, 2021) |
Q3 2021 (Sep 30, 2021) |
Q2 2021 (Jun 30, 2021) |
Q1 2021 (Mar 31, 2021) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $-44.52M | $-56.49M | $-26.96M | $-179.39M | $-17.74M | $-50.49M | $-99.63M | $-196.03M | $-45.33M | $-86.43M | $-69.86M | $-95.88M | $-21.38M | $22.39M | $-5.46M | $-5.12M | $761.33K | $2.98M |
| Depreciation & Amortization | $4.59M | $2.59M | $3.64M | $13.35M | $9.96M | $4.97M | $3.24M | $18.91M | $13.03M | $7.05M | $6.11M | $17.80M | $11.63M | $5.63M | $5.03M | - | - | - |
| Stock-based Compensation | $803.00K | $2.27M | $1.60M | $6.40M | $4.79M | $3.01M | $3.13M | $25.36M | $20.44M | $12.18M | $4.82M | $18.14M | $11.73M | $6.68M | $5.07M | - | - | - |
| Change in Receivables | $-1.19M | $-2.93M | $12.00M | $3.34M | $3.00M | $-634.00K | $-2.23M | $4.82M | $9.27M | $1.96M | $133.00K | $1.56M | $2.94M | $-3.23M | $-3.05M | - | - | - |
| Change in Payables | $13.96M | $15.26M | $2.25M | $9.31M | $9.28M | $5.32M | $2.38M | $4.43M | $3.64M | $-2.03M | $281.00K | $-28.40M | $-22.38M | $-22.01M | $9.06M | - | - | - |
| Operating Cash Flow | $-23.97M | $-4.35M | $-38.77M | $-90.45M | $-73.09M | $-40.31M | $-36.87M | $-74.04M | $-60.87M | $-35.49M | $-24.92M | $-124.09M | $-91.61M | $-50.69M | $8.02K | $-2.68M | $-2.18M | $-1.96M |
| Capital Expenditure | $2.65M | $1.22M | $1.24M | $1.87M | $2.09M | $606.00K | $-422.00K | $10.99M | $8.80M | $6.92M | $4.62M | $23.58M | $16.14M | $10.54M | $8.12M | - | - | - |
| Investing Cash Flow | $5.30M | $-959.00K | $7.82M | $-2.10M | $-2.21M | $-716.00K | $-257.00K | $-12.11M | $-9.49M | $-7.48M | $-4.90M | $-26.09M | $-18.38M | $-11.62M | $-33.81K | $-450.03M | $-450.02M | $-450.01M |
| Debt Repayment | $500.00K | $250.00K | $250.00K | $761.00K | $505.00K | $250.00K | $34.99M | - | - | - | - | $24.68M | $24.68M | $24.68M | $6.88M | - | - | - |
| Financing Cash Flow | $17.48M | $-250.00K | $27.56M | $32.29M | $8.92M | $-250.00K | $-34.99M | $2.76M | $8.00K | $8.00K | $44.00K | $400.56M | $400.30M | $399.73M | $250.00K | $452.59M | $452.09M | $452.09M |
| Net Change in Cash | $-1.10M | $-5.53M | $-3.85M | $-60.60M | $-67.37M | $-41.62M | $-70.74M | $-81.95M | $-69.67M | $-42.78M | $-29.27M | $248.51M | $290.80M | $337.09M | $224.21K | $-120.58K | $-107.23K | $120.38K |
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.