$322.20M
Revenue
$-184.07M
Net Income
30.65%
Gross Margin
-55.26%
Op. Margin
$79.18M
Free Cash Flow
| Breakdown | Q4 2025 (Dec 31, 2025) |
Q3 2025 (Sep 30, 2025) |
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) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | $74.94M | $70.81M | $80.42M | $96.03M | $120.83M | $138.68M | $164.95M | $192.09M | $199.25M | $186.55M | $125.49M | - | $108.78M | $104.32M |
| Revenue Growth % (YoY) | -38.0% | -48.9% | -51.2% | -50.0% | -39.4% | -25.7% | 31.4% | nan% | 83.2% | 78.8% | nan% | nan% | nan% | nan% |
| Cost of Revenue | $50.57M | $52.68M | $55.00M | $65.19M | $80.33M | $88.76M | $109.07M | $124.81M | $132.56M | $131.50M | $83.62M | $81.23M | $66.38M | $71.25M |
| Gross Profit | $24.36M | $18.13M | $25.42M | $30.85M | $40.50M | $49.92M | $55.88M | $67.28M | $66.69M | $55.05M | $41.87M | - | $42.41M | $33.07M |
| Gross Margin % | 32.5% | 25.6% | 31.6% | 32.1% | 33.5% | 36.0% | 33.9% | 35.0% | 33.5% | 29.5% | 33.4% | nan% | 39.0% | 31.7% |
| Operating Expenses | $179.52M | $112.79M | $97.90M | $110.03M | $128.31M | $128.55M | $154.80M | $176.21M | $187.57M | $177.84M | $123.91M | $119.91M | $108.70M | $100.12M |
| Research & Development | $3.77M | $3.19M | $2.96M | $3.64M | $3.69M | $3.15M | $2.37M | $2.39M | $3.19M | $3.24M | $2.57M | $1.86M | $1.72M | $1.37M |
| Operating Income | $-104.58M | $-41.98M | $-17.48M | $-14.00M | $-7.47M | $10.14M | $10.15M | $15.88M | $11.67M | $8.71M | $1.58M | $-6.90M | $80.12K | $4.20M |
| Operating Margin % | -139.6% | -59.3% | -21.7% | -14.6% | -6.2% | 7.3% | 6.2% | 8.3% | 5.9% | 4.7% | 1.3% | nan% | 0.1% | 4.0% |
| Interest Expense | $50.19K | $1.66M | $1.01M | $561.71K | $635.26K | $1.51M | $912.29K | $448.06K | $70.67K | $179.43K | $126.77K | - | $94.80K | - |
| Other Income/Expense | $-432.78K | $112.18K | $101.05K | $-312.87K | $82.61K | $-435.82K | $337.28K | $244.61K | $-25.04K | $43.35K | $-920.06K | $214.88K | $-1.03M | $30.90K |
| Income Before Tax | $-111.61M | $-43.17M | $-17.92M | $-14.80M | $-6.58M | $9.03M | $9.57M | $15.72M | $12.20M | $9.16M | $988.57K | $-6.05M | $-1.98M | $2.87M |
| Income Tax Expense | $30.73M | $-13.51M | $-4.63M | $-3.72M | $1.07M | $4.49M | $3.71M | $5.12M | $4.20M | $4.53M | $-355.05K | $-2.13M | $-9.13M | $401.92K |
| Net Income | $-134.07M | $-27.77M | $-11.16M | $-11.08M | $-3.26M | $4.55M | $5.86M | $10.60M | $7.57M | $4.63M | $1.34M | $-3.47M | $10.99M | $2.47M |
| Net Margin % | -178.9% | -39.2% | -13.9% | -11.5% | -2.7% | 3.3% | 3.6% | 5.5% | 3.8% | 2.5% | 1.1% | nan% | 10.1% | 2.4% |
| Basic EPS | nan | -0.28 | -0.11 | -0.09 | -0.03 | 0.05 | 0.06 | 0.11 | 0.08 | 0.05 | -0.02 | -0.03 | 0.08 | 0.03 |
| Diluted EPS | nan | -0.28 | -0.11 | -0.09 | -0.04 | 0.05 | 0.06 | 0.10 | 0.07 | 0.05 | -0.02 | -0.03 | 0.10 | 0.03 |
| Basic Shares Outstanding | -363K | 97.8M | 98.9M | 101.6M | -179K | 102.1M | 101.8M | 103.8M | 160K | 103.9M | 103.6M | 102.6M | 503K | 99.0M |
| Diluted Shares Outstanding | -363K | 97.8M | 98.9M | 101.6M | 2.6M | 106.3M | 106.3M | 108.5M | 2.3M | 105.0M | 103.6M | 102.6M | -6.2M | 107.4M |
| Breakdown | Q4 2025 (Dec 31, 2025) |
Q3 2025 (Sep 30, 2025) |
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) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Cash Equivalents | $51.02M | $73.36M | $104.16M | $79.01M | $89.24M | $89.46M | $66.06M | $41.24M | $59.29M | $52.92M | $109.16M | $120.06M | $157.34M | $169.60M |
| Accounts Receivable | $92.89M | $107.02M | $122.76M | $178.76M | $210.90M | $233.71M | $257.50M | $283.13M | $262.08M | $207.32M | $118.50M | $131.60M | $103.00M | $80.00M |
| Other Current Assets | $3.70M | $5.12M | $9.65M | $4.77M | $338.67K | $5.15M | $5.14M | $10.76M | $17.50M | $6.90M | $6.79M | $6.74M | $6.27M | $2.39M |
| Total Current Assets | $152.40M | $190.23M | $236.57M | $262.53M | $304.49M | $328.33M | $328.71M | $335.13M | $338.87M | $267.15M | $234.45M | $258.39M | $271.08M | $251.99M |
| Property Plant & Equipment | $14.56M | $14.30M | $14.42M | $15.05M | $14.88M | $15.28M | $16.00M | $16.32M | $16.84M | $21.85M | $21.94M | $21.73M | $21.26M | $17.58M |
| Goodwill | - | $41.09M | $49.95M | $49.55M | $47.43M | $47.86M | $47.51M | $47.49M | $47.54M | $47.59M | $47.82M | $47.67M | $38.90M | $34.53M |
| Intangible Assets | - | $17.94M | $26.71M | $27.34M | $25.73M | $35.00M | $35.97M | $36.76M | $37.68M | $38.59M | $38.05M | $38.94M | $22.97M | $20.65M |
| Other Non-current Assets | $3.35M | $3.09M | $3.15M | $3.58M | $3.73M | $3.43M | $2.30M | $2.41M | $2.57M | $2.93M | $3.54M | $3.35M | $3.63M | $3.10M |
| Total Assets | $217.10M | $353.78M | $408.26M | $430.79M | $455.62M | $493.88M | $488.17M | $490.69M | $490.45M | $419.78M | $390.29M | $407.55M | $393.28M | $355.92M |
| Accounts Payable | $11.11M | $8.05M | $10.12M | $20.52M | $28.36M | $35.14M | $30.80M | $25.63M | $19.83M | $8.95M | $6.69M | $19.03M | $21.58M | $12.15M |
| Accrued Liabilities | $42.79M | $50.94M | $44.62M | $41.41M | $49.90M | $59.97M | $63.19M | $70.18M | $91.34M | $58.88M | $34.79M | $30.54M | $31.57M | $38.56M |
| Total Current Liabilities | $67.49M | $73.58M | $100.15M | $107.57M | $121.81M | $150.23M | $154.12M | $160.14M | $170.12M | $113.06M | $91.76M | $108.97M | $100.16M | $71.14M |
| Long-term Debt | $235.58K | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Total Liabilities | $91.23M | $93.12M | $120.53M | $128.87M | $140.44M | $168.98M | $170.18M | $175.61M | $185.28M | $128.23M | $106.43M | $123.62M | $114.35M | $85.09M |
| Common Stock | $9.86K | $9.78K | $9.78K | $10.02K | $10.19K | $10.20K | $10.17K | $10.30K | $10.41K | $10.39K | $10.38K | $10.29K | $10.24K | $10.78K |
| Retained Earnings | $-183.80M | $-49.73M | $-21.96M | $-10.81M | $-1.40M | $1.86M | $-3.64M | $-10.17M | $-21.39M | $-28.96M | $-33.73M | $-32.37M | $-28.97M | $-37.04M |
| Total Stockholders Equity | $144.01M | $270.53M | $297.28M | $309.34M | $320.92M | $325.21M | $315.16M | $311.32M | $300.79M | $287.60M | $279.77M | $278.68M | $273.23M | $264.22M |
| Total Liabilities & Equity | $217.10M | $353.78M | $408.26M | $430.79M | $455.62M | $493.88M | $488.17M | $490.69M | $490.45M | $419.78M | $390.29M | $407.55M | $393.28M | $355.92M |
| Breakdown | Q4 2025 (Dec 31, 2025) |
Q3 2025 (Sep 30, 2025) |
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) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $-134.07M | $-27.77M | $-11.16M | $-11.08M | $-3.26M | $4.55M | $16.46M | $10.60M | $7.57M | $4.63M | $-2.58M | $-3.47M | $10.99M | $2.47M |
| Depreciation & Amortization | $3.95M | $3.97M | $7.74M | $3.76M | $11.60M | $4.28M | $2.91M | $1.43M | $11.73M | $4.70M | $3.07M | $3.65M | $1.52M | $7.25M |
| Stock-based Compensation | $3.14M | $14.31M | $9.66M | $4.83M | $3.88M | $9.76M | $6.60M | $3.99M | $5.81M | $15.16M | $11.80M | - | $3.44M | - |
| Change in Receivables | $-11.78M | $-100.72M | $-86.19M | $-31.44M | $-21.43M | $-19.84M | $1.55M | $22.40M | $57.04M | $103.48M | $15.41M | $24.67M | $11.31M | $-2.89M |
| Change in Payables | $2.68M | $-20.32M | $-18.25M | $-7.68M | $-6.95M | $15.33M | $10.95M | $5.80M | $10.59M | $-12.64M | $-14.90M | $-2.58M | $7.62M | $-3.98M |
| Operating Cash Flow | $-10.47M | $44.92M | $43.26M | $9.66M | $12.72M | $57.45M | $26.42M | $-10.64M | $-6.19M | $-58.30M | $-12.42M | $-23.12M | $-8.74M | $37.61M |
| Capital Expenditure | $1.50M | $3.05M | $2.17M | $1.47M | $724.80K | $2.94M | $2.15M | $951.70K | $2.95M | $4.36M | $3.56M | $1.98M | $1.20M | $1.99M |
| Acquisitions | $12.75M | $3.65M | $3.65M | $3.65M | - | - | - | - | - | $20.20M | $20.20M | - | $-890.19K | - |
| Investing Cash Flow | $-13.07M | $-26.01M | $-27.11M | $-5.73M | $-5.40M | $-5.30M | $-3.79M | $-1.70M | $-2.69M | $-26.92M | $-25.42M | $-1.69M | $-654.00K | $-37.79M |
| Stock Issued | - | - | - | - | - | - | - | - | - | - | - | - | - | $1.88M |
| Stock Repurchased | - | $10.83M | $10.83M | $5.75M | $2.68M | $11.08M | $9.78M | $4.88M | - | - | - | - | $3.23M | $497.76K |
| Financing Cash Flow | $-1.86M | $-48.95M | $-15.90M | $-8.52M | $-7.86M | $-16.30M | $-8.95M | $-881.58K | $12.98M | $-11.86M | $-3.19M | $-11.95M | $-6.87M | $685.87K |
| Net Change in Cash | $-25.12M | $-29.73M | $1.22M | $-4.28M | $-1.24M | $36.36M | $13.61M | $-13.32M | $4.96M | $-96.85M | $-40.35M | $-36.59M | $-15.24M | $246.59K |
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 | $70.81M | - | $247.26M | - |
| Cost of Revenue | $52.68M | - | $172.87M | - |
| Operating Expenses | $112.79M | - | $320.71M | - |
| Research & Development | $3.19M | - | $9.79M | - |
| Operating Income | $-41.98M | - | $-73.45M | - |
| Interest Expense | - | - | $1.66M | - |
| Other Income/Expense | $112.18K | - | $-99.64K | - |
| Income Before Tax | $-43.17M | - | $-75.89M | - |
| Income Tax Expense | $-13.51M | - | $-21.86M | - |
| Net Income | $-27.77M | $6.53M | $-48.33M | - |
| Basic EPS | -0.28 | - | -0.49 | - |
| Diluted EPS | -0.28 | - | -0.49 | - |
| Basic Shares Outstanding | $97.81M | - | $99.43M | - |
| Diluted Shares Outstanding | $97.81M | - | $99.43M | - |
Condensed Consolidated Balance Sheets
| Description | Sep 30, 2025 | Dec 31, 2024 |
|---|---|---|
| Cash & Cash Equivalents | $73.36M | $89.24M |
| Accounts Receivable | $107.02M | $210.90M |
| Other Current Assets | $5.12M | $338.67K |
| Total Current Assets | $190.23M | $304.49M |
| Property Plant & Equipment | $14.30M | $14.88M |
| Goodwill | $41.09M | $47.43M |
| Intangible Assets | $17.94M | $25.73M |
| Other Non-current Assets | $3.09M | $3.73M |
| Total Assets | $353.78M | $455.62M |
| Accounts Payable | $8.05M | $28.36M |
| Accrued Liabilities | $50.94M | $49.90M |
| Total Current Liabilities | $73.58M | $121.81M |
| Total Liabilities | $93.12M | $140.44M |
| Common Stock | $9.78K | $10.19K |
| Retained Earnings | $-49.73M | $-1.40M |
| Total Stockholders Equity | $270.53M | $320.92M |
| Total Liabilities & Equity | $353.78M | $455.62M |
Condensed Consolidated Statements of Cash Flows
| Description | Sep 30, 2025 | Sep 30, 2025 | ||
|---|---|---|---|---|
| Current | Prior Year | Current YTD | Prior Year YTD | |
| Net Income | $-27.77M | $6.53M | $-48.33M | - |
| Depreciation & Amortization | $3.97M | - | $11.71M | - |
| Stock-based Compensation | - | - | $14.31M | - |
| Change in Receivables | - | - | $-100.72M | - |
| Change in Payables | - | - | $-20.32M | - |
| Operating Cash Flow | - | - | $44.92M | - |
| Capital Expenditure | - | - | $3.05M | - |
| Acquisitions | - | - | $3.65M | - |
| Investing Cash Flow | - | - | $-26.01M | - |
| Stock Repurchased | - | - | $10.83M | - |
| Financing Cash Flow | - | - | $-48.95M | - |
| Net Change in Cash | - | - | $-29.73M | - |
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.