$348.98M
Revenue
$36.41M
Net Income
30.43%
Gross Margin
2.12%
Op. Margin
$-27.73M
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) |
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) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | $99.75M | $83.36M | $80.46M | $85.41M | $80.02M | $84.05M | $64.95M | $87.01M | $71.10M | $55.04M | $42.96M | $66.72M | $66.55M | - | - |
| Revenue Growth % (YoY) | 24.7% | -0.8% | nan% | 31.5% | -8.0% | 18.2% | 51.2% | 30.4% | 6.8% | nan% | nan% | nan% | nan% | nan% | nan% |
| Cost of Revenue | $69.19M | $57.92M | $57.04M | $58.64M | $52.39M | $51.37M | $47.93M | $51.69M | $51.90M | $44.12M | $36.19M | $46.97M | $49.49M | - | - |
| Gross Profit | $30.56M | $25.44M | $23.41M | $26.77M | $27.63M | $32.68M | $17.02M | $35.32M | $19.21M | $10.92M | $6.76M | $19.75M | $17.06M | - | - |
| Gross Margin % | 30.6% | 30.5% | 29.1% | 31.3% | 34.5% | 38.9% | 26.2% | 40.6% | 27.0% | 19.8% | 15.7% | 29.6% | 25.6% | nan% | nan% |
| Operating Expenses | $93.16M | $79.77M | $81.28M | $87.35M | $80.37M | $71.74M | $61.38M | $64.20M | $69.23M | $61.41M | $54.23M | $64.30M | $68.50M | - | - |
| Research & Development | $2.84M | $2.54M | $3.48M | $6.08M | $8.59M | $6.80M | $785.00K | $894.00K | - | - | - | - | - | - | - |
| Selling General & Admin | $16.18M | $14.38M | $17.46M | $15.97M | $13.57M | $12.69M | $13.16M | $9.53M | $13.59M | $13.66M | $14.47M | $14.01M | $15.75M | - | - |
| Operating Income | $6.59M | $3.59M | $-827.00K | $-1.94M | $-346.00K | $12.31M | $3.57M | $22.81M | $1.87M | $-6.37M | $-11.28M | $2.42M | $-1.95M | $-1.73M | $-1.39M |
| Operating Margin % | 6.6% | 4.3% | -1.0% | -2.3% | -0.4% | 14.6% | 5.5% | 26.2% | 2.6% | -11.6% | -26.2% | 3.6% | -2.9% | nan% | nan% |
| Interest Expense | $7.28M | $20.52M | $13.30M | $6.62M | $14.28M | $8.63M | $3.24M | $2.98M | $3.95M | $1.51M | $641.00K | $-544.00K | $776.00K | - | - |
| Other Income/Expense | $-6.87M | $-6.77M | $-5.30M | $-4.81M | $474.00K | $640.00K | $665.00K | $827.00K | $604.00K | $123.11M | $-68.00K | $-4.37M | $6.31M | $5.02M | $5.28M |
| Income Before Tax | $-274.00K | $-3.18M | $-6.13M | $-6.75M | $-5.37M | $8.20M | $677.00K | $20.09M | $227.00K | $114.05M | $-7.35M | $32.02M | $5.37M | - | - |
| Income Tax Expense | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Net Income | $16.18M | $11.39M | $7.56M | $1.28M | $-5.37M | $17.11M | $677.00K | $20.09M | $227.00K | $114.05M | $-7.35M | $32.02M | $5.37M | $3.29M | $3.89M |
| Net Margin % | 16.2% | 13.7% | 9.4% | 1.5% | -6.7% | 20.4% | 1.0% | 23.1% | 0.3% | 207.2% | -17.1% | 48.0% | 8.1% | nan% | nan% |
| Basic EPS | nan | 0.05 | 0.03 | -0.01 | -0.05 | 0.09 | -0.01 | 0.11 | -0.01 | 0.66 | -0.06 | 0.17 | -0.04 | nan | nan |
| Diluted EPS | nan | 0.05 | 0.03 | -0.01 | -0.05 | 0.09 | -0.01 | 0.11 | -0.01 | 0.66 | -0.06 | 0.18 | -0.06 | nan | nan |
| Basic Shares Outstanding | 48K | 28.3M | 28.3M | 27.7M | 32K | 27.7M | 27.4M | 38K | 27.0M | 27.0M | 27.4M | 103K | 25.7M | - | - |
| Diluted Shares Outstanding | 239K | 29.6M | 29.2M | 27.7M | 50K | 27.7M | 27.4M | -190K | 27.0M | 27.2M | 27.4M | 239K | 25.8M | - | - |
| 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) |
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) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Cash Equivalents | $24.41M | $29.93M | $29.27M | $40.08M | $24.31M | $20.33M | $28.21M | $38.35M | $15.00M | $21.59M | $33.26M | $40.39M | $25.29M | $219.13K | $559.25K |
| Short-term Investments | - | - | - | - | - | $10.67M | $5.97M | $9.88M | $18.03M | $16.95M | $36.99M | $64.98M | $146.94M | - | - |
| Accounts Receivable | $61.81M | $31.11M | $29.09M | $30.79M | $46.53M | $39.61M | $22.80M | $27.62M | $31.00M | $26.82M | $29.98M | $31.08M | $36.66M | - | - |
| Other Current Assets | $16.02M | $10.98M | $11.83M | $9.79M | $23.58M | $4.67M | $6.37M | $6.00M | $5.01M | $4.49M | $6.55M | $7.62M | $6.51M | - | - |
| Total Current Assets | $122.68M | $122.78M | $123.49M | $116.39M | $116.77M | $122.61M | $105.70M | $128.07M | $105.78M | $100.99M | $134.81M | $211.98M | $286.25M | $765.50K | $1.30M |
| Property Plant & Equipment | - | - | - | - | - | - | - | - | - | - | - | - | $250.35M | - | - |
| Goodwill | $54.61M | $54.61M | $54.61M | $54.61M | $54.61M | $54.61M | $54.61M | $54.61M | $54.61M | $54.61M | $54.61M | $54.61M | $54.61M | - | - |
| Intangible Assets | - | - | - | - | $1.33M | $1.40M | $1.54M | $1.60M | $1.70M | $1.85M | $2.01M | $2.17M | $2.27M | - | - |
| Other Non-current Assets | $44.40M | $24.18M | $22.55M | $22.84M | $25.55M | $2.21M | $1.65M | $1.16M | $2.11M | $1.49M | $1.49M | $1.49M | $489.00K | - | - |
| Total Assets | $959.47M | $916.75M | $905.54M | $884.92M | $881.08M | $831.09M | $750.50M | $754.61M | $690.46M | $671.95M | $606.70M | $644.86M | $656.06M | $312.38M | $312.50M |
| Accounts Payable | - | - | - | - | - | - | - | - | - | - | - | - | - | $68.53K | $89.52K |
| Accrued Liabilities | - | - | - | - | - | - | - | - | - | - | - | - | - | $29.90K | $113.40K |
| Deferred Revenue | $6.30M | $8.38M | $8.63M | $10.15M | $9.28M | $6.15M | $7.79M | $6.31M | $7.43M | $6.22M | $8.52M | $8.01M | $6.75M | - | - |
| Other Current Liabilities | - | - | - | - | $1.59M | $1.69M | $94.00K | $92.00K | - | - | $1.77M | $1.08M | $832.00K | - | - |
| Total Current Liabilities | $104.22M | $83.46M | $98.23M | $101.60M | $103.60M | $97.79M | $75.35M | $76.39M | $56.93M | $115.26M | $130.71M | $152.91M | $187.58M | $103.52K | $204.02K |
| Long-term Debt | $361.27M | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Non-current Liabilities | $20.43M | $8.16M | $8.78M | $14.93M | $27.45M | $10.24M | $8.64M | $7.60M | $1.16M | $856.00K | $740.00K | $825.00K | $597.00K | - | - |
| Total Liabilities | $461.71M | $433.95M | $432.29M | $420.48M | $416.05M | $361.21M | $296.97M | $297.12M | $253.58M | $220.52M | $243.35M | $267.04M | $337.37M | $22.52M | $36.53M |
| Retained Earnings | $-1.31M | $19.09M | $-13.44M | $68.63M | $-137.00M | $-168.46M | $-370.83M | $-467.19M | $-841.42M | $-749.91M | $-807.89M | $-800.81M | $-1.07B | $-21.65M | $-35.20M |
| Total Stockholders Equity | $-12.93M | $7.48M | $-25.04M | $57.09M | $-148.45M | $-180.08M | $-382.39M | $-478.81M | $-852.94M | $-761.50M | $-819.36M | $-800.60M | $-1.07B | $-21.65M | $-35.20M |
| Total Liabilities & Equity | $959.47M | $916.75M | $905.54M | $884.92M | $881.08M | $831.09M | $750.50M | $754.61M | $690.46M | $671.95M | $606.70M | $644.86M | $656.06M | $312.38M | $312.50M |
| 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) |
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) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $16.18M | $11.39M | $7.56M | $1.28M | $-5.37M | $17.11M | $677.00K | $20.09M | $106.93M | $106.70M | $-7.35M | $32.02M | $560.00K | $7.17M | $3.89M |
| Stock-based Compensation | $1.64M | $4.86M | $3.96M | $1.75M | $2.14M | $4.31M | $1.01M | $1.16M | $4.75M | $2.85M | $971.00K | $990.00K | $479.00K | - | - |
| Change in Receivables | $16.28M | $3.54M | $-474.00K | $-1.23M | $-11.69M | $11.99M | $-4.82M | $-3.35M | $409.00K | $-3.77M | $-611.00K | $-5.08M | $11.27M | - | - |
| Change in Payables | - | - | - | - | - | - | - | - | - | - | - | - | - | $49.77K | $70.76K |
| Operating Cash Flow | $-3.52M | $40.02M | $21.80M | $29.68M | $-532.00K | $31.92M | $13.72M | $33.44M | $4.83M | $7.79M | $4.17M | $20.93M | $-22.29M | $-592.40K | $-252.27K |
| Capital Expenditure | $9.85M | $60.89M | $33.41M | $11.57M | $54.43M | $72.81M | $26.75M | $21.58M | $92.25M | $72.01M | $38.78M | $46.46M | $29.79M | - | - |
| Purchases of Investments | - | - | - | - | $7.61M | $13.96M | $1.50M | $7.31M | $1.00M | - | - | $597.00K | - | - | - |
| Investing Cash Flow | $-7.39M | $-69.93M | $-36.03M | $-9.28M | $-48.01M | $-86.55M | $-21.63M | $-29.23M | $-44.92M | $-28.18M | $-8.89M | $34.90M | $-218.93M | - | - |
| Stock Issued | $-58.00K | $58.00K | $58.00K | - | - | $170.00K | $97.00K | $366.00K | - | - | - | - | - | - | - |
| Financing Cash Flow | $6.59M | $34.97M | $18.50M | $-4.73M | $51.92M | $31.58M | $-6.64M | $21.44M | $-15.54M | $-29.70M | $-32.68M | $-49.98M | $270.52M | - | - |
| Net Change in Cash | - | - | $4.28M | $15.67M | $5.03M | $-23.05M | $-14.55M | $25.65M | $-55.63M | $-50.09M | $-37.40M | $5.86M | $29.31M | $-592.40K | $-252.27K |
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-Q filings.
Quarterly data represents single quarter results (Q1-Q4). Some items may show year-to-date values if quarterly breakdown is unavailable.