$348.98M
Revenue
$36.41M
Net Income
30.43%
Gross Margin
2.12%
Op. Margin
$-27.73M
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 | $348.98M | $348.98M | $299.97M | $256.11M | $235.53M | $166.12M |
| Revenue Growth % | 0.0% | 16.3% | 17.1% | 8.7% | 41.8% | nan% |
| Cost of Revenue | $242.79M | $242.79M | $199.85M | $183.90M | $172.05M | $115.06M |
| Gross Profit | $106.18M | $106.18M | $100.12M | $72.21M | $63.48M | $51.06M |
| Gross Margin % | 30.4% | 30.4% | 33.4% | 28.2% | 27.0% | 30.7% |
| Operating Expenses | $341.56M | $341.56M | $278.75M | $249.07M | $233.75M | $155.10M |
| Research & Development | $14.94M | $14.94M | $19.11M | $4.87M | $6.44M | - |
| Selling General & Admin | $63.98M | $63.98M | $53.12M | $51.26M | $48.57M | $29.38M |
| Operating Income | $7.41M | $7.41M | $21.22M | $7.04M | $1.78M | $-4.94M |
| Operating Margin % | 2.1% | 2.1% | 7.1% | 2.7% | 0.8% | -3.0% |
| Interest Expense | $47.73M | $27.80M | $22.91M | $6.93M | $6.64M | $7.47M |
| Other Income/Expense | $-23.75M | $-23.75M | $2.21M | $124.47M | $1.94M | $-11.25M |
| Income Before Tax | $-16.34M | $-16.34M | $5.42M | $127.02M | $32.58M | $40.77M |
| Income Tax Expense | - | $-52.75M | $-8.91M | - | - | - |
| Net Income | $36.41M | $36.41M | $14.32M | $127.02M | $32.58M | $-16.19M |
| Net Margin % | 10.4% | 10.4% | 4.8% | 49.6% | 13.8% | -9.7% |
| Basic EPS | nan | 0.15 | 0.02 | 0.70 | 0.13 | 0.00 |
| Diluted EPS | nan | 0.15 | 0.02 | 0.69 | 0.12 | 0.00 |
| Basic Shares Outstanding | 48K | 28.1M | 27.6M | 27.1M | 25.8M | - |
| Diluted Shares Outstanding | 239K | 29.3M | 27.7M | 27.5M | 26.1M | - |
| 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 | $24.41M | $24.31M | $38.35M | $40.39M | $811.53K |
| Short-term Investments | - | - | $9.88M | $64.98M | - |
| Accounts Receivable | $61.81M | $46.53M | $27.62M | $31.08M | $25.39M |
| Other Current Assets | $16.02M | $23.58M | $6.00M | $7.62M | $5.48M |
| Total Current Assets | $122.68M | $116.77M | $128.07M | $211.98M | $1.51M |
| Goodwill | $54.61M | $54.61M | $54.61M | $54.61M | $54.61M |
| Intangible Assets | - | $1.33M | $1.60M | $2.17M | $2.86M |
| Other Non-current Assets | $44.40M | $25.55M | $1.16M | $1.49M | $159.95K |
| Total Assets | $959.47M | $881.08M | $754.61M | $644.86M | $312.85M |
| Accounts Payable | - | - | - | - | $18.76K |
| Accrued Liabilities | - | - | - | - | $94.50K |
| Deferred Revenue | $6.30M | $9.28M | $6.31M | $8.01M | $9.79M |
| Other Current Liabilities | - | $1.59M | $92.00K | $1.08M | $374.00K |
| Total Current Liabilities | $104.22M | $103.60M | $76.39M | $152.91M | $113.26K |
| Long-term Debt | $361.27M | - | - | - | - |
| Other Non-current Liabilities | $20.43M | $27.45M | $7.60M | $825.00K | $4.78M |
| Total Liabilities | $461.71M | $416.05M | $297.12M | $267.04M | $40.77M |
| Retained Earnings | $-1.31M | $-137.00M | $-467.19M | $-800.81M | $-39.08M |
| Total Stockholders Equity | $-12.93M | $-148.45M | $-478.81M | $-800.60M | $-39.08M |
| Total Liabilities & Equity | $959.47M | $881.08M | $754.61M | $644.86M | $312.85M |
| 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 | $36.41M | $36.41M | $14.32M | $127.02M | $32.58M | $-16.19M |
| Stock-based Compensation | $12.21M | $6.50M | $6.45M | $5.90M | $1.47M | $639.00K |
| Deferred Income Tax | - | $-16.46M | - | - | - | - |
| Change in Receivables | $18.11M | $19.82M | $301.00K | $-2.94M | $6.19M | $2.94M |
| Change in Payables | - | - | - | - | - | $-181.24K |
| Operating Cash Flow | $87.98M | $36.50M | $31.39M | $38.27M | $-1.35M | $-1.94M |
| Capital Expenditure | $115.71M | $70.74M | $127.24M | $113.83M | $131.41M | $89.65M |
| Purchases of Investments | - | - | $21.57M | $8.31M | $597.00K | - |
| Investing Cash Flow | $-122.62M | $-77.32M | $-134.55M | $-74.15M | $-184.03M | $-311.16M |
| Stock Issued | $58.00K | - | $170.00K | $366.00K | - | - |
| Financing Cash Flow | $55.33M | $41.56M | $83.50M | $5.90M | $220.55M | $313.92M |
| Net Change in Cash | - | - | $-18.01M | $-29.98M | $35.17M | $26.67M |
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 | $83.36M | - | $249.22M | - |
| Operating Expenses | $79.77M | - | $248.40M | - |
| Research & Development | $2.54M | - | $12.10M | - |
| Selling General & Admin | $14.38M | - | $47.80M | - |
| Operating Income | $3.59M | - | $819.00K | - |
| Interest Expense | - | - | $20.52M | - |
| Other Income/Expense | $-6.77M | - | $-16.88M | - |
| Income Before Tax | $-3.18M | - | $-16.06M | - |
| Net Income | $11.39M | - | $20.23M | - |
| Basic EPS | 0.05 | - | 0.07 | - |
| Diluted EPS | 0.05 | - | 0.07 | - |
| Basic Shares Outstanding | $28.28M | - | $28.09M | - |
| Diluted Shares Outstanding | $29.59M | - | $29.01M | - |
Condensed Consolidated Balance Sheets
| Description | Sep 30, 2025 | Dec 31, 2024 |
|---|---|---|
| Cash & Cash Equivalents | $29.93M | $24.31M |
| Accounts Receivable | $31.11M | $32.01M |
| Other Current Assets | $10.98M | $18.36M |
| Total Current Assets | $122.78M | $117.19M |
| Goodwill | $54.61M | $54.61M |
| Other Non-current Assets | $24.18M | $23.48M |
| Total Assets | $916.75M | $881.08M |
| Deferred Revenue | $8.38M | $9.28M |
| Total Current Liabilities | $83.46M | $103.60M |
| Other Non-current Liabilities | $8.16M | $15.29M |
| Total Liabilities | $433.95M | $416.05M |
| Retained Earnings | $19.09M | $-137.00M |
| Total Stockholders Equity | $7.48M | $-148.45M |
| Total Liabilities & Equity | $916.75M | $881.08M |
Condensed Consolidated Statements of Cash Flows
| Description | Sep 30, 2025 | Sep 30, 2025 | ||
|---|---|---|---|---|
| Current | Prior Year | Current YTD | Prior Year YTD | |
| Net Income | $11.39M | - | $20.23M | - |
| Stock-based Compensation | - | - | $4.86M | - |
| Change in Receivables | - | - | $3.54M | - |
| Operating Cash Flow | - | - | $40.02M | - |
| Capital Expenditure | - | - | $60.89M | - |
| Investing Cash Flow | - | - | $-69.93M | - |
| Stock Issued | - | - | $58.00K | - |
| Financing Cash Flow | - | - | $34.97M | - |
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.