$375.88M
Revenue
$-17.65M
Net Income
14.97%
Gross Margin
-12.57%
Op. Margin
$-53.02M
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 | $375.88M | $375.88M | $327.27M | $315.36M | $320.04M | - |
| Revenue Growth % | 0.0% | 14.9% | 3.8% | -1.5% | nan% | nan% |
| Cost of Revenue | $319.62M | $319.62M | $290.21M | $264.18M | $255.44M | - |
| Gross Profit | $56.25M | $56.25M | $37.06M | $51.19M | $64.60M | - |
| Gross Margin % | 15.0% | 15.0% | 11.3% | 16.2% | 20.2% | nan% |
| Operating Expenses | $423.11M | $423.11M | $410.05M | $366.59M | $332.35M | - |
| Selling General & Admin | $82.59M | $82.59M | $91.34M | $75.43M | $53.79M | - |
| Operating Income | $-47.23M | $-47.23M | $-82.78M | $-51.23M | $-4.08M | $-1.00M |
| Operating Margin % | -12.6% | -12.6% | -25.3% | -16.2% | -1.3% | nan% |
| Interest Expense | $16.80M | $16.80M | $19.71M | $22.22M | $8.29M | - |
| Interest Income | $1.37M | $1.37M | $4.31M | $4.63M | $3.25M | $8.59K |
| Other Income/Expense | $5.44M | $5.47M | $-338.00K | $-111.00K | $-282.00K | $3.15M |
| Income Before Tax | $-67.13M | $-67.08M | $-101.45M | $-54.74M | $4.27M | $2.15M |
| Income Tax Expense | $37.00K | $37.00K | $41.00K | - | $600.70K | - |
| Net Income | $-17.65M | $-17.59M | $-21.07M | $-46.84M | $3.67M | $2.15M |
| Net Margin % | -4.7% | -4.7% | -6.4% | -14.9% | 1.1% | nan% |
| Basic EPS | nan | -1.01 | -1.07 | nan | nan | nan |
| Diluted EPS | nan | -1.01 | -1.07 | nan | nan | nan |
| Basic Shares Outstanding | 328K | 27.2M | 23.8M | - | - | - |
| Diluted Shares Outstanding | 328K | 27.2M | 23.8M | - | - | - |
| 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 | $29.34M | $31.69M | $11.63M | $87.85K | $319.22K |
| Inventory | $5.07M | $5.66M | $5.14M | $5.87M | - |
| Other Current Assets | $10.35M | $7.77M | $6.75M | $5.87M | - |
| Total Current Assets | $74.37M | $143.97M | $116.79M | $279.52K | $783.18K |
| Property Plant & Equipment | $223.73M | $259.87M | $253.98M | $252.69M | - |
| Intangible Assets | - | $1.60M | $2.23M | $2.43M | - |
| Long-term Investments | - | - | - | $228.25M | $225.01M |
| Other Non-current Assets | $4.38M | $1.00M | $670.00K | $484.00K | - |
| Total Assets | $440.00M | $538.29M | $521.03M | $228.53M | $225.97M |
| Accounts Payable | $30.67M | $20.30M | - | - | - |
| Short-term Debt | $8.54M | $5.96M | - | - | - |
| Deferred Revenue | $135.89M | $128.91M | $83.91M | $58.02M | - |
| Other Current Liabilities | $36.52M | $29.94M | $28.70M | $21.78M | - |
| Total Current Liabilities | $269.95M | $294.75M | $221.54M | $4.35M | $357.12K |
| Long-term Debt | $108.94M | - | $166.82M | $222.32M | - |
| Other Non-current Liabilities | $47.14M | $30.34M | $16.71M | $41.50M | - |
| Total Liabilities | $524.27M | $549.96M | $485.70M | $14.51M | $15.62M |
| Retained Earnings | $-440.38M | $-244.18M | $-80.46M | $-13.23M | $-14.65M |
| Total Stockholders Equity | $-326.75M | $-234.61M | $46.46M | $-13.23M | $-14.65M |
| Total Liabilities & Equity | $440.00M | $538.29M | $521.03M | $228.53M | $225.97M |
| 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 | $-17.65M | $-17.59M | $-21.07M | $-46.84M | $3.67M | $2.15M |
| Depreciation & Amortization | $29.84M | $23.59M | $25.71M | $26.98M | $23.11M | - |
| Stock-based Compensation | $7.56M | $4.48M | $753.00K | $882.00K | - | $208.25K |
| Change in Inventory | $449.00K | $-577.00K | $516.00K | $-730.00K | $3.89M | - |
| Change in Payables | $28.07M | $12.74M | $4.69M | - | - | - |
| Operating Cash Flow | $-13.88M | $6.69M | $-10.93M | $8.66M | $-1.38M | $-988.66K |
| Capital Expenditure | $39.15M | $30.94M | $56.67M | $83.64M | $145.97M | - |
| Investing Cash Flow | $257.00M | $108.92M | $-7.87M | $-62.03M | - | $-225.00M |
| Debt Repayment | $285.06M | $138.60M | $57.74M | $56.66M | $51.95M | - |
| Stock Issued | - | $5.80M | - | - | - | - |
| Financing Cash Flow | $-278.30M | $-117.96M | $38.87M | $41.81M | $1.15M | $226.31M |
| Net Change in Cash | $-35.17M | $-2.35M | $20.07M | $-11.55M | $-231.37K | $319.22K |
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 | $92.13M | - | $271.59M | - |
| Cost of Revenue | $79.53M | - | $233.97M | - |
| Operating Expenses | $103.43M | - | $309.98M | - |
| Selling General & Admin | $19.52M | - | $60.80M | - |
| Operating Income | $-11.30M | - | $-38.40M | - |
| Interest Expense | $5.05M | - | $14.87M | - |
| Interest Income | $156.00K | - | $1.09M | - |
| Other Income/Expense | $87.00K | - | $300.00K | - |
| Income Before Tax | $-21.08M | - | $-60.20M | - |
| Income Tax Expense | - | - | - | - |
| Net Income | $-4.27M | - | $-14.43M | - |
| Basic EPS | -0.25 | - | -0.80 | - |
| Diluted EPS | -0.25 | - | -0.80 | - |
| Basic Shares Outstanding | $27.77M | - | $26.91M | - |
| Diluted Shares Outstanding | $27.77M | - | $26.91M | - |
Condensed Consolidated Balance Sheets
| Description | Sep 30, 2025 | Dec 31, 2024 |
|---|---|---|
| Cash & Cash Equivalents | $18.70M | $31.69M |
| Inventory | $6.04M | $5.66M |
| Other Current Assets | $10.75M | $7.77M |
| Total Current Assets | $68.66M | $143.97M |
| Property Plant & Equipment | $226.19M | $259.87M |
| Intangible Assets | $1.19M | $1.60M |
| Other Non-current Assets | $1.24M | $1.00M |
| Total Assets | $448.10M | $538.29M |
| Accounts Payable | $33.33M | $20.30M |
| Deferred Revenue | $129.71M | $128.91M |
| Other Current Liabilities | $29.85M | $29.94M |
| Total Current Liabilities | $275.94M | $294.75M |
| Other Non-current Liabilities | $39.71M | $30.34M |
| Total Liabilities | $526.82M | $549.96M |
| Retained Earnings | $-434.22M | $-233.44M |
| Total Stockholders Equity | $-434.22M | $-233.49M |
| Total Liabilities & Equity | $448.10M | $538.29M |
Condensed Consolidated Statements of Cash Flows
| Description | Sep 30, 2025 | Sep 30, 2025 | ||
|---|---|---|---|---|
| Current | Prior Year | Current YTD | Prior Year YTD | |
| Net Income | $-4.27M | - | $-14.43M | - |
| Depreciation & Amortization | $6.50M | - | $18.53M | - |
| Stock-based Compensation | - | - | $2.84M | - |
| Change in Inventory | - | - | $404.00K | - |
| Change in Payables | - | - | $13.04M | - |
| Operating Cash Flow | - | - | $-10.31M | - |
| Capital Expenditure | - | - | $14.92M | - |
| Investing Cash Flow | - | - | $78.46M | - |
| Debt Repayment | - | - | $84.14M | - |
| Stock Issued | - | - | $5.80M | - |
| Financing Cash Flow | - | - | $-81.14M | - |
| Net Change in Cash | - | - | $-12.99M | - |
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.