$322.20M
Revenue
$-184.07M
Net Income
30.65%
Gross Margin
-55.26%
Op. Margin
$79.18M
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 | $322.20M | $322.20M | $616.56M | $624.29M | $440.52M | $318.72M |
| Revenue Growth % | 0.0% | -47.7% | -1.2% | 41.7% | 38.2% | nan% |
| Cost of Revenue | $223.44M | $223.44M | $402.98M | $428.91M | $285.79M | $208.97M |
| Gross Profit | $98.76M | $98.76M | $213.57M | $195.38M | $154.72M | $109.75M |
| Gross Margin % | 30.7% | 30.7% | 34.6% | 31.3% | 35.1% | 34.4% |
| Operating Expenses | $500.23M | $500.23M | $587.87M | $609.23M | $418.68M | $303.36M |
| Research & Development | $13.56M | $13.56M | $11.59M | $10.86M | $5.38M | $3.32M |
| Operating Income | $-178.03M | $-178.03M | $28.69M | $15.05M | $21.83M | $15.36M |
| Operating Margin % | -55.3% | -55.3% | 4.7% | 2.4% | 5.0% | 4.8% |
| Interest Expense | $3.28M | $1.71M | $2.14M | $250.10K | $197.00K | $315.27K |
| Other Income/Expense | $-532.42K | $-532.42K | $228.67K | $-686.87K | $-987.48K | $-40.09K |
| Income Before Tax | $-187.50M | $-187.50M | $27.75M | $16.29M | $22.78M | $19.80M |
| Income Tax Expense | $8.87M | $8.87M | $14.39M | $6.24M | $-7.96M | $615.70K |
| Net Income | $-184.07M | $-182.40M | $19.99M | $6.86M | $34.58M | $19.18M |
| Net Margin % | -57.1% | -56.6% | 3.2% | 1.1% | 7.9% | 6.0% |
| Basic EPS | nan | -1.84 | 0.20 | 0.07 | 0.34 | 0.30 |
| Diluted EPS | nan | -1.84 | 0.18 | 0.06 | 0.34 | 0.25 |
| Basic Shares Outstanding | -363K | 99.1M | 102.4M | 103.5M | 101.2M | 80.3M |
| Diluted Shares Outstanding | -363K | 99.1M | 109.4M | 105.6M | 103.0M | 94.9M |
| 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 | $51.02M | $89.24M | $59.29M | $157.34M | $175.54M |
| Accounts Receivable | $92.89M | $210.90M | $262.08M | $103.00M | $78.38M |
| Other Current Assets | $3.70M | $338.67K | $17.50M | $6.27M | $2.11M |
| Total Current Assets | $152.40M | $304.49M | $338.87M | $271.08M | $256.03M |
| Property Plant & Equipment | $14.56M | $14.88M | $16.84M | $21.26M | $12.73M |
| Goodwill | - | $47.43M | $47.54M | $38.90M | $8.69M |
| Intangible Assets | - | $25.73M | $37.68M | $22.97M | $10.68M |
| Other Non-current Assets | $3.35M | $3.73M | $2.57M | $3.63M | $3.81M |
| Total Assets | $217.10M | $455.62M | $490.45M | $393.28M | $309.60M |
| Accounts Payable | $11.11M | $28.36M | $19.83M | $21.58M | $15.83M |
| Accrued Liabilities | $42.79M | $49.90M | $91.34M | $31.57M | $35.11M |
| Total Current Liabilities | $67.49M | $121.81M | $170.12M | $100.16M | $57.88M |
| Long-term Debt | $235.58K | - | - | - | - |
| Total Liabilities | $91.23M | $140.44M | $185.28M | $114.35M | $82.55M |
| Common Stock | $9.86K | $10.19K | $10.41K | $10.24K | $10.01K |
| Retained Earnings | $-183.80M | $-1.40M | $-21.39M | $-28.97M | $-63.56M |
| Total Stockholders Equity | $144.01M | $320.92M | $300.79M | $273.23M | $219.58M |
| Total Liabilities & Equity | $217.10M | $455.62M | $490.45M | $393.28M | $309.60M |
| 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 | $-184.07M | $-182.40M | $19.99M | $6.86M | $34.58M | $19.18M |
| Depreciation & Amortization | $19.42M | $15.66M | $15.88M | $16.43M | $4.11M | $2.31M |
| Stock-based Compensation | $31.93M | $17.44M | $13.63M | $20.97M | $8.05M | $1.38M |
| Deferred Income Tax | - | $7.75M | $3.47M | $-1.98M | $-9.96M | - |
| Change in Receivables | $-230.13M | $-112.50M | $-41.27M | $160.52M | $8.42M | $58.00M |
| Change in Payables | $-43.57M | $-17.64M | $8.31M | $-2.05M | $3.64M | $11.88M |
| Operating Cash Flow | $87.37M | $34.45M | $70.12M | $-64.49M | $28.87M | $-1.95M |
| Capital Expenditure | $8.18M | $4.54M | $3.61M | $7.31M | $3.20M | $4.81M |
| Acquisitions | $23.69M | $16.39M | - | $20.20M | $32.95M | $1.30M |
| Investing Cash Flow | $-71.93M | $-39.08M | $-10.65M | $-29.61M | $-38.45M | $-8.59M |
| Debt Repayment | - | - | - | - | $1.00M | - |
| Stock Issued | - | - | - | - | - | $178.10M |
| Stock Repurchased | $27.41M | $10.83M | $13.76M | - | $3.73M | - |
| Financing Cash Flow | $-75.24M | $-50.82M | $-24.15M | $1.12M | $-6.18M | $155.21M |
| Net Change in Cash | $-57.91M | $-54.85M | $35.12M | $-91.89M | $-15.00M | $144.65M |
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-K filings.
Annual data represents full fiscal year results. FY = Fiscal Year ending.