$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) |
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) |
Q4 2021 (Dec 31, 2021) |
Q3 2021 (Sep 30, 2021) |
Q2 2021 (Jun 30, 2021) |
Q1 2021 (Mar 31, 2021) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | $104.29M | $92.13M | $91.33M | $88.12M | $91.37M | $76.92M | $79.01M | $79.97M | $75.97M | - | - | - | - | - | - | - | - | - | - | - |
| Revenue Growth % (YoY) | 14.1% | 19.8% | 15.6% | 10.2% | 20.3% | nan% | nan% | nan% | nan% | nan% | nan% | nan% | nan% | nan% | nan% | nan% | nan% | nan% | nan% | nan% |
| Cost of Revenue | $85.66M | $79.53M | $77.61M | $76.83M | $74.98M | $68.24M | $72.75M | $74.23M | $70.61M | - | - | - | - | - | - | - | - | - | - | - |
| Gross Profit | $18.63M | $12.60M | $13.72M | $11.30M | $16.38M | $8.69M | $6.26M | $5.74M | $5.35M | - | - | - | - | - | - | - | - | - | - | - |
| Gross Margin % | 17.9% | 13.7% | 15.0% | 12.8% | 17.9% | 11.3% | 7.9% | 7.2% | 7.0% | nan% | nan% | nan% | nan% | nan% | nan% | nan% | nan% | nan% | nan% | nan% |
| Operating Expenses | $113.13M | $103.43M | $103.69M | $102.86M | $103.97M | $97.83M | $100.86M | $107.40M | $113.33M | - | - | - | - | - | - | - | - | - | - | - |
| Selling General & Admin | $21.78M | $19.52M | $20.30M | $20.99M | $24.66M | $20.00M | $21.49M | $25.18M | $23.47M | - | - | - | - | - | - | - | - | - | - | - |
| Operating Income | $-8.84M | $-11.30M | $-12.36M | $-14.74M | $-12.61M | $-20.91M | $-21.84M | $-27.43M | $-49.01M | $-558.48K | $-1.01M | $-641.45K | $-1.70M | $-1.33M | $-676.18K | $-372.28K | $-529.53K | $-347.41K | $-123.72K | - |
| Operating Margin % | -8.5% | -12.3% | -13.5% | -16.7% | -13.8% | -27.2% | -27.6% | -34.3% | -64.5% | nan% | nan% | nan% | nan% | nan% | nan% | nan% | nan% | nan% | nan% | nan% |
| Interest Expense | $1.93M | $5.05M | $4.43M | $5.39M | $3.77M | $5.62M | $5.67M | $4.66M | $6.62M | - | - | - | - | - | - | - | - | - | - | - |
| Interest Income | $276.00K | $156.00K | $236.00K | $703.00K | $894.00K | $979.00K | $1.16M | $1.28M | $-333.24K | $4.96M | $4.38M | $2.42M | $1.90M | $1.34M | $326.50K | $22.66K | $4.75K | $3.84K | $944.00 | - |
| Other Income/Expense | $5.17M | $87.00K | $212.00K | $-34.00K | $-68.00K | $-90.00K | $-609.00K | $460.00K | $625.00K | $2.16M | $434.21K | $2.63M | $-7.53M | $1.26M | $1.32M | $4.66M | $-110.12K | $3.79M | $-535.15K | - |
| Income Before Tax | $-6.88M | $-21.08M | $-16.13M | $-23.05M | $-16.47M | $-24.14M | $-27.85M | $-32.99M | $-57.75M | $1.60M | $-578.59K | $1.99M | $-599.70K | $-66.69K | $643.77K | - | $-639.66K | - | - | - |
| Income Tax Expense | $37.00K | - | - | - | $41.00K | - | - | - | $-1.01M | $110.98K | $401.50K | $498.10K | $389.21K | $202.81K | $8.68K | - | - | - | - | - |
| Net Income | $-3.17M | $-4.27M | $-4.76M | $-5.45M | $-3.81M | $-6.27M | $-5.15M | $-5.84M | $-48.84M | $1.49M | $-980.09K | $1.50M | $-988.91K | $-269.49K | $635.09K | $4.29M | $-639.66K | $3.45M | $-658.87K | $-776.00 |
| Net Margin % | -3.0% | -4.6% | -5.2% | -6.2% | -4.2% | -8.2% | -6.5% | -7.3% | -64.3% | nan% | nan% | nan% | nan% | nan% | nan% | nan% | nan% | nan% | nan% | nan% |
| Basic EPS | nan | -0.25 | -0.26 | -0.30 | -0.22 | -0.32 | -0.32 | -0.35 | nan | nan | nan | nan | nan | nan | nan | nan | nan | nan | nan | nan |
| Diluted EPS | nan | -0.25 | -0.26 | -0.30 | -0.22 | -0.32 | -0.32 | -0.35 | nan | nan | nan | nan | nan | nan | nan | nan | nan | nan | nan | nan |
| Basic Shares Outstanding | 328K | 27.8M | 27.8M | 25.2M | 223K | 24.3M | 19.2M | 17.3M | - | - | - | - | - | - | - | - | - | - | - | - |
| Diluted Shares Outstanding | 328K | 27.8M | 27.8M | 25.2M | 223K | 24.3M | 19.2M | 17.3M | - | - | - | - | - | - | - | - | - | - | - | - |
| 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) |
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) |
Q4 2021 (Dec 31, 2021) |
Q3 2021 (Sep 30, 2021) |
Q2 2021 (Jun 30, 2021) |
Q1 2021 (Mar 31, 2021) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Cash Equivalents | $29.34M | $18.70M | $15.82M | $14.75M | $31.69M | $18.65M | $9.34M | $5.35M | $11.63M | $454.78K | $644.74K | $193.65K | $87.85K | $54.89K | $86.22K | $120.66K | $319.22K | $455.84K | $912.30K | - |
| Inventory | $5.07M | $6.04M | $6.33M | $6.01M | $5.66M | $5.98M | $6.05M | $5.39M | $5.14M | - | - | - | $5.87M | - | - | - | - | - | - | - |
| Other Current Assets | $10.35M | $10.75M | $9.44M | $6.84M | $7.77M | $5.67M | $5.39M | $8.56M | $6.75M | - | - | - | $5.87M | - | - | - | - | - | - | - |
| Total Current Assets | $74.37M | $68.66M | $65.51M | $66.80M | $143.97M | $133.28M | $128.43M | $125.20M | $116.79M | $520.28K | $763.64K | $334.06K | $279.52K | $382.75K | $551.00K | $575.92K | $783.18K | $922.66K | $1.39M | - |
| Property Plant & Equipment | $223.73M | $226.19M | $232.78M | $243.97M | $259.87M | $237.04M | $251.48M | $272.24M | $253.98M | - | - | - | $252.69M | - | - | - | - | - | - | - |
| Intangible Assets | - | $1.19M | $1.33M | $1.47M | $1.60M | $1.73M | $1.91M | $2.10M | $2.23M | - | - | - | $2.43M | - | - | - | - | - | - | - |
| Long-term Investments | - | - | - | - | - | - | - | - | - | $45.16M | $44.10M | $230.68M | $228.25M | $226.35M | $225.34M | $225.03M | $225.01M | $225.00M | $225.00M | - |
| Other Non-current Assets | $4.38M | $1.24M | $1.16M | $1.08M | $1.00M | $746.00K | $743.00K | $701.00K | $670.00K | - | - | - | $484.00K | - | - | - | - | - | - | - |
| Total Assets | $440.00M | $448.10M | $443.44M | $466.76M | $538.29M | $487.15M | $494.72M | $524.07M | $521.03M | $45.68M | $44.87M | $231.01M | $228.53M | $226.73M | $225.89M | $225.68M | $225.97M | $226.22M | $226.80M | $212.93K |
| Accounts Payable | $30.67M | $33.33M | $32.32M | $23.59M | $20.30M | $26.11M | $30.68M | $32.08M | - | - | - | - | - | - | - | - | - | - | - | - |
| Short-term Debt | $8.54M | - | - | - | $5.96M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Deferred Revenue | $135.89M | $129.71M | $122.80M | $126.56M | $128.91M | $87.54M | $79.39M | $82.33M | $83.91M | - | - | - | $58.02M | - | - | - | - | - | - | - |
| Other Current Liabilities | $36.52M | $29.85M | $30.18M | $27.27M | $29.94M | $26.68M | $24.45M | $23.34M | $28.70M | $281.94K | $251.94K | - | $21.78M | - | - | - | - | - | - | - |
| Total Current Liabilities | $269.95M | $275.94M | $260.17M | $252.19M | $294.75M | $266.14M | $201.97M | $207.75M | $221.54M | $8.66M | $7.76M | $5.55M | $4.35M | $2.10M | $823.58K | $321.93K | $357.12K | $169.74K | $472.56K | $188.70K |
| Long-term Debt | $108.94M | - | - | - | - | - | - | - | $166.82M | - | - | - | $222.32M | - | - | - | - | - | - | - |
| Other Non-current Liabilities | $47.14M | $39.71M | $36.72M | $33.26M | $30.34M | $23.14M | $23.10M | $18.92M | $16.71M | - | - | - | $41.50M | - | - | - | - | - | - | - |
| Total Liabilities | $524.27M | $526.82M | $496.04M | $495.73M | $549.96M | $496.18M | $501.50M | $502.58M | $485.70M | $18.56M | $19.23M | $15.49M | $14.51M | $11.45M | $10.43M | $10.94M | $15.62M | $15.08M | $19.18M | - |
| Retained Earnings | $-440.38M | $-434.22M | $-286.96M | $-301.02M | $-244.18M | $-201.59M | $-149.45M | $-149.28M | $-80.46M | $-17.44M | $-18.03M | $-13.61M | $-13.23M | $-10.52M | $-9.57M | $-10.30M | $-14.65M | $-13.87M | $-659.64K | $-776.00 |
| Total Stockholders Equity | $-326.75M | $-434.22M | $-261.35M | $-281.46M | $-234.61M | $-192.02M | $-149.71M | $-149.51M | $46.46M | $-17.44M | $-18.03M | $-13.61M | $-13.23M | $-10.52M | $-9.57M | $-10.30M | $-14.65M | $-13.87M | $5.00M | $24.22K |
| Total Liabilities & Equity | $440.00M | $448.10M | $443.44M | $466.76M | $538.29M | $487.15M | $494.72M | $524.07M | $521.03M | $45.68M | $44.87M | $231.01M | $228.53M | $226.73M | $225.89M | $225.68M | $225.97M | $226.22M | $226.80M | $212.93K |
| 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) |
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) |
Q4 2021 (Dec 31, 2021) |
Q3 2021 (Sep 30, 2021) |
Q2 2021 (Jun 30, 2021) |
Q1 2021 (Mar 31, 2021) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $-3.17M | $-4.27M | $-4.76M | $-5.45M | $-3.81M | $-17.27M | $-10.99M | $-5.84M | $-48.84M | $1.49M | $-980.09K | $1.50M | $-988.91K | $4.66M | $635.09K | $4.29M | $-639.66K | $3.45M | $-658.87K | $-776.00 |
| Depreciation & Amortization | $5.06M | $6.50M | $12.02M | $6.25M | $6.43M | $6.11M | $6.68M | $6.49M | $6.81M | - | - | - | - | - | - | - | - | - | - | - |
| Stock-based Compensation | $1.64M | $2.84M | $2.01M | $1.06M | $753.00K | - | - | - | $882.00K | - | - | - | $-267.75K | $267.75K | $178.50K | $89.25K | $89.25K | $119.00K | $29.75K | - |
| Change in Inventory | $-981.00K | $404.00K | $677.00K | $349.00K | $-320.00K | $836.00K | $908.00K | $247.00K | $-1.49M | - | - | - | - | - | - | - | - | - | - | - |
| 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 | $-25.96M | $10.98M | $-2.32M | $-1.85M | $-144.21K | $-717.04K | $-664.33K | $-633.00K | $-198.56K | $-136.62K | $-852.03K | $-413.81K | - |
| Capital Expenditure | $16.02M | $14.92M | $4.11M | $4.10M | $42.01M | $14.66M | $28.13M | $38.53M | $16.67M | - | - | - | - | - | - | - | - | - | - | - |
| Investing Cash Flow | $30.45M | $78.46M | $81.95M | $66.14M | $-29.96M | $22.09M | $3.45M | $-30.07M | $-250.09M | $188.06M | $188.54M | - | - | - | - | - | - | $-225.00M | $-225.00M | - |
| Debt Repayment | $54.46M | $84.14M | $79.41M | $67.06M | $7.46M | $50.28M | $50.46M | $10.27M | $24.13M | - | - | - | - | - | - | - | - | - | - | - |
| Stock Issued | - | $5.80M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Financing Cash Flow | $-36.81M | $-81.14M | $-87.72M | $-72.62M | $-501.00K | $39.37M | $36.43M | $49.76M | $227.18M | $-185.37M | $-186.13M | $250.00K | $750.00K | $400.00K | $400.00K | - | - | $226.31M | $226.33M | - |
| Net Change in Cash | $10.64M | $-12.99M | $-15.88M | $-16.95M | $13.04M | $7.03M | $-2.29M | $-6.28M | $-11.92M | $366.92K | $556.89K | $105.80K | $32.96K | $-264.33K | $-233.00K | $-198.56K | $-136.62K | $455.84K | $912.30K | - |
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.