$375.88M
Revenue
$-17.65M
Net Income
14.97%
Gross Margin
-12.57%
Op. Margin
$-53.02M
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) |
Q2 2024 (Jun 30, 2024) |
|---|---|---|---|---|---|---|---|
| Total Revenue | $104.29M | $92.13M | $91.33M | $88.12M | $91.37M | $76.92M | $79.01M |
| Revenue Growth % (YoY) | 14.1% | 19.8% | 15.6% | nan% | nan% | nan% | nan% |
| Cost of Revenue | $85.66M | $79.53M | $77.61M | $76.83M | $74.98M | $68.24M | $72.75M |
| Gross Profit | $18.63M | $12.60M | $13.72M | $11.30M | $16.38M | $8.69M | $6.26M |
| Gross Margin % | 17.9% | 13.7% | 15.0% | 12.8% | 17.9% | 11.3% | 7.9% |
| Operating Expenses | $113.13M | $103.43M | $103.69M | $102.86M | $103.97M | $97.83M | $100.86M |
| Selling General & Admin | $21.78M | $19.52M | $20.30M | $20.99M | $24.66M | $20.00M | $21.49M |
| Operating Income | $-8.84M | $-11.30M | $-12.36M | $-14.74M | $-12.61M | $-20.91M | $-21.84M |
| Operating Margin % | -8.5% | -12.3% | -13.5% | -16.7% | -13.8% | -27.2% | -27.6% |
| Interest Expense | $1.93M | $5.05M | $4.43M | $5.39M | $3.77M | $5.62M | $5.67M |
| Interest Income | $276.00K | $156.00K | $236.00K | $703.00K | $894.00K | $979.00K | $1.16M |
| Other Income/Expense | $5.17M | $87.00K | $212.00K | $-34.00K | $-68.00K | $-90.00K | $-609.00K |
| Income Before Tax | $-6.88M | $-21.08M | $-16.13M | $-23.05M | $-16.47M | $-24.14M | $-27.85M |
| Income Tax Expense | $37.00K | - | - | - | $41.00K | - | - |
| Net Income | $-3.17M | $-4.27M | $-4.76M | $-5.45M | $-3.81M | $-6.27M | $-5.15M |
| Net Margin % | -3.0% | -4.6% | -5.2% | -6.2% | -4.2% | -8.2% | -6.5% |
| Basic EPS | nan | -0.25 | -0.26 | -0.30 | -0.22 | -0.32 | -0.32 |
| Diluted EPS | nan | -0.25 | -0.26 | -0.30 | -0.22 | -0.32 | -0.32 |
| Basic Shares Outstanding | 328K | 27.8M | 27.8M | 25.2M | 223K | 24.3M | 19.2M |
| Diluted Shares Outstanding | 328K | 27.8M | 27.8M | 25.2M | 223K | 24.3M | 19.2M |
| 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) |
Q2 2024 (Jun 30, 2024) |
|---|---|---|---|---|---|---|---|
| Cash & Cash Equivalents | $29.34M | $18.70M | $15.82M | $14.75M | $31.69M | $18.65M | $9.34M |
| Inventory | $5.07M | $6.04M | $6.33M | $6.01M | $5.66M | $5.98M | $6.05M |
| Other Current Assets | $10.35M | $10.75M | $9.44M | $6.84M | $7.77M | $5.67M | $5.39M |
| Total Current Assets | $74.37M | $68.66M | $65.51M | $66.80M | $143.97M | $133.28M | $128.43M |
| Property Plant & Equipment | $223.73M | $226.19M | $232.78M | $243.97M | $259.87M | $237.04M | $251.48M |
| Intangible Assets | - | $1.19M | $1.33M | $1.47M | $1.60M | $1.73M | $1.91M |
| Other Non-current Assets | $4.38M | $1.24M | $1.16M | $1.08M | $1.00M | $746.00K | $743.00K |
| Total Assets | $440.00M | $448.10M | $443.44M | $466.76M | $538.29M | $487.15M | $494.72M |
| Accounts Payable | $30.67M | $33.33M | $32.32M | $23.59M | $20.30M | $26.11M | $30.68M |
| Short-term Debt | $8.54M | - | - | - | $5.96M | - | - |
| Deferred Revenue | $135.89M | $129.71M | $122.80M | $126.56M | $128.91M | $87.54M | $79.39M |
| Other Current Liabilities | $36.52M | $29.85M | $30.18M | $27.27M | $29.94M | $26.68M | $24.45M |
| Total Current Liabilities | $269.95M | $275.94M | $260.17M | $252.19M | $294.75M | $266.14M | $201.97M |
| Long-term Debt | $108.94M | - | - | - | - | - | - |
| Other Non-current Liabilities | $47.14M | $39.71M | $36.72M | $33.26M | $30.34M | $23.14M | $23.10M |
| Total Liabilities | $524.27M | $526.82M | $496.04M | $495.73M | $549.96M | $496.18M | $501.50M |
| Retained Earnings | $-440.38M | $-434.22M | $-286.96M | $-301.02M | $-244.18M | $-201.59M | $-149.45M |
| Total Stockholders Equity | $-326.75M | $-434.22M | $-261.35M | $-281.46M | $-234.61M | $-192.02M | $-149.71M |
| Total Liabilities & Equity | $440.00M | $448.10M | $443.44M | $466.76M | $538.29M | $487.15M | $494.72M |
| 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) |
Q2 2024 (Jun 30, 2024) |
|---|---|---|---|---|---|---|---|
| Net Income | $-3.17M | $-4.27M | $-4.76M | $-5.45M | $-3.81M | $-17.27M | $-10.99M |
| Depreciation & Amortization | $5.06M | $6.50M | $12.02M | $6.25M | $6.43M | $6.11M | $6.68M |
| Stock-based Compensation | $1.64M | $2.84M | $2.01M | $1.06M | $753.00K | - | - |
| Change in Inventory | $-981.00K | $404.00K | $677.00K | $349.00K | $-320.00K | $836.00K | $908.00K |
| Change in Payables | $-291.00K | $13.04M | $12.03M | $3.30M | $8.76M | - | - |
| Operating Cash Flow | $17.00M | $-10.31M | $-10.10M | $-10.46M | $43.51M | $-54.43M | $-42.17M |
| Capital Expenditure | $16.02M | $14.92M | $4.11M | $4.10M | $42.01M | $14.66M | $28.13M |
| Investing Cash Flow | $30.45M | $78.46M | $81.95M | $66.14M | $-29.96M | $22.09M | $3.45M |
| Debt Repayment | $54.46M | $84.14M | $79.41M | $67.06M | $7.46M | $50.28M | $50.46M |
| Stock Issued | - | $5.80M | - | - | - | - | - |
| Financing Cash Flow | $-36.81M | $-81.14M | $-87.72M | $-72.62M | $-501.00K | $39.37M | $36.43M |
| Net Change in Cash | $10.64M | $-12.99M | $-15.88M | $-16.95M | $13.04M | $7.03M | $-2.29M |
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-Q filings.
Quarterly data represents single quarter results (Q1-Q4). Some items may show year-to-date values if quarterly breakdown is unavailable.