$5.89B
Revenue
$-308.25M
Net Income
-31.02%
Gross Margin
-6.41%
Op. Margin
$-192.35M
Free Cash Flow
| Breakdown | TTM (Sep 30, 2025) |
FY 2024 (Dec 31, 2024) |
FY 2023 (Dec 31, 2023) |
FY 2022 (Dec 31, 2022) |
FY 2021 (Dec 31, 2021) |
|---|---|---|---|---|---|
| Total Revenue | $5.89B | $6.06B | $4.32B | $2.71B | $1.83B |
| Revenue Growth % | -2.9% | 40.4% | 59.4% | 47.7% | nan% |
| Cost of Revenue | $7.71B | $7.82B | $5.38B | $3.33B | $1.90B |
| Gross Profit | $-1.83B | $-1.76B | $-1.06B | $-621.86M | $-67.63M |
| Gross Margin % | -31.0% | -29.1% | -24.6% | -23.0% | -3.7% |
| Operating Expenses | $6.26B | $6.35B | $4.55B | $2.83B | $2.23B |
| Operating Income | $-377.51M | $-292.13M | $-232.13M | $-120.43M | $-393.95M |
| Operating Margin % | -6.4% | -4.8% | -5.4% | -4.4% | -21.5% |
| Interest Expense | $4.92M | $4.60M | $6.66M | $4.53M | $6.15M |
| Other Income/Expense | $34.28M | $34.49M | $27.84M | $24.73M | $-4.50M |
| Income Before Tax | $-321.21M | $-248.83M | $-194.46M | $-105.69M | $-404.60M |
| Income Tax Expense | $1.68M | $1.45M | $791.00K | $1.64M | $886.00K |
| Net Income | $-308.25M | $-260.15M | $-262.60M | $-106.55M | $-406.49M |
| Net Margin % | -5.2% | -4.3% | -6.1% | -3.9% | -22.2% |
| Basic Shares Outstanding | 414.5M | 411.0M | 408.9M | 408.2M | 372.9M |
| Diluted Shares Outstanding | 414.5M | 411.0M | 408.9M | 408.2M | 372.9M |
| Breakdown | FY 2024 (Dec 31, 2024) |
FY 2023 (Dec 31, 2023) |
FY 2022 (Dec 31, 2022) |
FY 2021 (Dec 31, 2021) |
|---|---|---|---|---|
| Cash & Cash Equivalents | $188.23M | $107.57M | $497.07M | $1.04B |
| Short-term Investments | - | - | $411.90M | - |
| Accounts Receivable | $1.02B | $942.46M | $497.57M | $293.41M |
| Other Current Assets | $35.14M | $42.51M | $34.12M | $18.97M |
| Total Current Assets | $1.46B | $1.48B | $1.45B | $1.37B |
| Property Plant & Equipment | $28.17M | $27.58M | $20.05M | $9.16M |
| Goodwill | $24.13M | $24.13M | $41.54M | $41.54M |
| Intangible Assets | $72.77M | $63.77M | $67.68M | $55.40M |
| Other Non-current Assets | $151.14M | $145.31M | $116.92M | $112.96M |
| Total Assets | $1.73B | $1.74B | $1.70B | $1.59B |
| Total Current Liabilities | $1.15B | $977.16M | $535.09M | $356.96M |
| Long-term Debt | $34.90M | $32.31M | $38.48M | $43.40M |
| Other Non-current Liabilities | $76.12M | $70.38M | $83.29M | $94.30M |
| Total Liabilities | $1.26B | $1.08B | $656.86M | $494.66M |
| Common Stock | $4.12M | $4.06M | $4.12M | $4.00M |
| Retained Earnings | $-1.59B | $-1.33B | $-1.06B | $-957.68M |
| Total Stockholders Equity | $470.95M | $661.84M | $1.04B | $1.09B |
| Total Liabilities & Equity | $1.73B | $1.74B | $1.70B | $1.59B |
| Breakdown | TTM (Sep 30, 2025) |
FY 2024 (Dec 31, 2024) |
FY 2023 (Dec 31, 2023) |
FY 2022 (Dec 31, 2022) |
FY 2021 (Dec 31, 2021) |
|---|---|---|---|---|---|
| Net Income | $-296.14M | $-260.15M | $-262.60M | $-106.55M | $-406.49M |
| Depreciation & Amortization | $49.19M | $24.46M | $20.16M | $13.77M | $14.67M |
| Stock-based Compensation | $90.70M | $50.66M | $69.50M | $28.38M | $292.39M |
| Deferred Income Tax | - | $215.00K | $-1.60M | - | - |
| Change in Receivables | - | $74.58M | $460.37M | $204.17M | $149.04M |
| Operating Cash Flow | $-167.87M | $-57.78M | $-156.20M | $-130.81M | $-148.16M |
| Capital Expenditure | $24.49M | $13.25M | $15.83M | $15.43M | $6.56M |
| Acquisitions | - | - | $45.25M | - | - |
| Purchases of Investments | $167.82M | $12.01M | $114.66M | $458.26M | - |
| Sales of Investments | - | $206.91M | $164.04M | - | - |
| Investing Cash Flow | $113.98M | $139.89M | $-44.02M | $-444.39M | $-90.51M |
| Debt Repayment | - | $3.75M | $5.00M | $5.00M | $119.90M |
| Stock Issued | - | $1.17M | $11.87M | $33.06M | - |
| Stock Repurchased | - | - | $200.00M | - | - |
| Financing Cash Flow | $-5.90M | $-2.58M | $-193.13M | $28.06M | $1.15B |
| Net Change in Cash | $-59.79M | $79.53M | $-393.35M | - | - |
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 | $1.44B | $1.45B | $4.36B | $4.54B |
| Operating Expenses | $1.57B | $1.58B | $4.63B | $4.72B |
| Operating Income | $-131.27M | $-133.51M | $-269.41M | $-184.03M |
| Interest Expense | $1.84M | $1.62M | $4.92M | $4.60M |
| Other Income/Expense | $9.44M | $16.06M | $26.58M | $26.79M |
| Income Before Tax | $-110.54M | $-117.02M | $-216.54M | $-144.15M |
| Income Tax Expense | $-331.00K | $-590.00K | $-73.00K | $-306.00K |
| Net Income | $-110.21M | $-117.61M | $-202.47M | $-154.36M |
| Basic Shares Outstanding | $414.46M | $411.59M | $413.75M | $410.60M |
| Diluted Shares Outstanding | $414.46M | $411.59M | $413.75M | $410.60M |
Condensed Consolidated Balance Sheets
| Description | Sep 30, 2025 | Dec 31, 2024 |
|---|---|---|
| Cash & Cash Equivalents | $171.68M | $188.23M |
| Accounts Receivable | $947.16M | $1.02B |
| Other Current Assets | $80.02M | $35.14M |
| Total Current Assets | $1.34B | $1.46B |
| Property Plant & Equipment | $26.15M | $28.17M |
| Goodwill | $24.13M | $24.13M |
| Intangible Assets | $75.25M | $72.77M |
| Other Non-current Assets | $132.68M | $151.14M |
| Total Assets | $1.60B | $1.73B |
| Total Current Liabilities | $1.24B | $1.15B |
| Long-term Debt | - | $34.90M |
| Other Non-current Liabilities | $50.29M | $76.12M |
| Total Liabilities | $1.29B | $1.26B |
| Common Stock | $4.15M | $4.12M |
| Retained Earnings | $-1.79B | $-1.59B |
| Total Stockholders Equity | $306.08M | $470.95M |
| Total Liabilities & Equity | $1.60B | $1.73B |
Condensed Consolidated Statements of Cash Flows
| Description | Sep 30, 2025 | Sep 30, 2025 | ||
|---|---|---|---|---|
| Current | Prior Year | Current YTD | Prior Year YTD | |
| Net Income | $-110.21M | $-117.61M | $-202.47M | $-154.36M |
| Depreciation & Amortization | $7.43M | $6.22M | $21.62M | $17.97M |
| Stock-based Compensation | - | - | $39.60M | $48.38M |
| Change in Working Capital | - | - | $-106.80M | $-24.82M |
| Operating Cash Flow | - | - | $-85.23M | $-74.20M |
| Capital Expenditure | - | - | $10.27M | $9.98M |
| Purchases of Investments | - | - | $60.15M | $12.01M |
| Investing Cash Flow | - | - | $66.03M | $116.22M |
| Debt Repayment | - | - | - | $3.75M |
| Financing Cash Flow | - | - | $-2.98M | $-2.56M |
| Net Change in Cash | - | - | $-22.18M | $39.46M |
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.