$78.56M
Revenue
$5.17M
Net Income
18.70%
Gross Margin
5.04%
Op. Margin
$3.50M
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) |
|---|---|---|---|---|---|
| Total Revenue | $78.56M | $78.56M | $46.29M | $73.34M | $96.71M |
| Revenue Growth % | 0.0% | 69.7% | -36.9% | -24.2% | nan% |
| Cost of Revenue | $63.87M | $63.87M | $38.79M | $82.03M | $94.28M |
| Gross Profit | $14.69M | $14.69M | $7.50M | $-8.69M | $2.43M |
| Gross Margin % | 18.7% | 18.7% | 16.2% | -11.8% | 2.5% |
| Operating Expenses | $74.60M | $74.60M | $55.65M | $110.85M | $1.74M |
| Selling General & Admin | $10.73M | $10.73M | $16.86M | $28.82M | $11.61M |
| Operating Income | $3.96M | $3.96M | $-9.37M | $-37.51M | $-1.74M |
| Operating Margin % | 5.0% | 5.0% | -20.2% | -51.1% | -1.8% |
| Interest Expense | $3.87M | $989.00K | $5.64M | $2.27M | $61.00K |
| Interest Income | - | - | - | - | $4.06M |
| Other Income/Expense | $10.14M | $10.14M | $212.00K | $-15.31M | $4.06M |
| Income Before Tax | $1.06M | $1.06M | $-22.43M | $-52.82M | $2.32M |
| Income Tax Expense | $207.00K | $207.00K | $-507.00K | $2.00K | $773.26K |
| Net Income | $5.17M | $5.17M | $-40.65M | $-52.82M | $1.55M |
| Net Margin % | 6.6% | 6.6% | -87.8% | -72.0% | 1.6% |
| Basic EPS | nan | 1.18 | -24.42 | -3.46 | -0.83 |
| Diluted EPS | nan | 1.18 | -24.42 | -3.46 | -0.83 |
| Basic Shares Outstanding | 83K | 4.4M | 1.7M | 15.2M | 11.3M |
| Diluted Shares Outstanding | -651K | 4.4M | 1.7M | 15.2M | 11.3M |
| Breakdown | FY 2025 (Dec 31, 2025) |
FY 2024 (Dec 31, 2024) |
FY 2023 (Dec 31, 2023) |
FY 2022 (Dec 31, 2022) |
|---|---|---|---|---|
| Cash & Cash Equivalents | $4.70M | $2.16M | $14.49M | $1.34M |
| Accounts Receivable | $101.00K | $2.00K | $2.99M | $1.88M |
| Other Current Assets | $572.00K | $1.07M | $3.90M | $2.21M |
| Total Current Assets | $9.81M | $43.31M | $46.50M | $1.81M |
| Goodwill | - | $635.00K | $635.00K | $635.00K |
| Intangible Assets | - | $1.20M | $1.39M | $1.61M |
| Total Assets | $11.95M | $46.30M | $71.71M | $287.39M |
| Accrued Liabilities | - | - | - | $905.68K |
| Deferred Revenue | $2.70M | $11.54M | $12.86M | $2.16M |
| Total Current Liabilities | $13.72M | $62.20M | $47.64M | $905.68K |
| Deferred Tax Liabilities | - | $305.00K | $305.00K | $305.00K |
| Total Liabilities | $13.80M | $62.63M | $56.96M | $905.68K |
| Common Stock | $5.00K | $5.00K | $3.00K | $1.00K |
| Retained Earnings | $-100.77M | $-104.31M | $-63.66M | $2.04M |
| Total Stockholders Equity | $-1.85M | $-16.33M | $14.75M | $2.04M |
| Total Liabilities & Equity | $11.95M | $46.30M | $71.71M | $287.39M |
| 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) |
|---|---|---|---|---|---|
| Net Income | $5.63M | $5.17M | $-40.65M | $-52.82M | $1.55M |
| Depreciation & Amortization | $551.00K | $297.00K | $341.00K | $200.00K | $162.00K |
| Stock-based Compensation | $1.25M | $605.00K | $211.00K | $82.00K | $17.00K |
| Change in Receivables | $228.00K | $199.00K | $-441.00K | $1.11M | $2.22M |
| Operating Cash Flow | $3.72M | $3.49M | $-16.92M | $-30.39M | $-1.24M |
| Capital Expenditure | $211.00K | $211.00K | $145.00K | $637.00K | $259.00K |
| Purchases of Investments | - | - | - | - | - |
| Investing Cash Flow | $-8.03M | $-8.08M | $-115.00K | $1.78M | - |
| Stock Issued | - | $463.00K | - | - | - |
| Financing Cash Flow | $4.29M | $5.28M | $4.31M | $37.46M | - |
| Net Change in Cash | $-19.00K | $698.00K | $-12.72M | $8.84M | $6.27M |
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 | $381.00K | - | $50.72M | - |
| Cost of Revenue | $123.00K | - | $42.20M | - |
| Operating Expenses | $2.94M | - | $49.88M | - |
| Selling General & Admin | $2.82M | - | $7.69M | - |
| Operating Income | $-2.56M | - | $834.00K | - |
| Interest Expense | - | - | $1.65M | - |
| Other Income/Expense | $5.68M | - | $9.99M | - |
| Income Before Tax | $2.60M | - | $5.93M | - |
| Income Tax Expense | $272.00K | - | $559.00K | - |
| Net Income | $7.14M | $-16.92M | $11.20M | - |
| Basic EPS | 1.42 | - | 2.60 | - |
| Diluted EPS | 1.26 | - | 2.46 | - |
| Basic Shares Outstanding | $5.04M | - | $4.30M | - |
| Diluted Shares Outstanding | $5.98M | - | $5.04M | - |
Condensed Consolidated Balance Sheets
| Description | Sep 30, 2025 | Dec 31, 2024 |
|---|---|---|
| Cash & Cash Equivalents | $4.35M | $2.16M |
| Accounts Receivable | $64.00K | $2.00K |
| Other Current Assets | $655.00K | $1.03M |
| Total Current Assets | $11.33M | $43.31M |
| Total Assets | $13.59M | $46.30M |
| Total Current Liabilities | $9.39M | $62.20M |
| Total Liabilities | $9.48M | $62.63M |
| Common Stock | $5.00K | $5.00K |
| Retained Earnings | $-93.11M | $-104.31M |
| Total Stockholders Equity | $4.11M | $-16.33M |
| Total Liabilities & Equity | $13.59M | $46.30M |
Condensed Consolidated Statements of Cash Flows
| Description | Sep 30, 2025 | Sep 30, 2025 | ||
|---|---|---|---|---|
| Current | Prior Year | Current YTD | Prior Year YTD | |
| Net Income | $7.14M | $-16.92M | $11.20M | - |
| Depreciation & Amortization | - | - | $244.00K | - |
| Stock-based Compensation | - | - | $604.00K | - |
| Change in Receivables | - | - | $62.00K | - |
| Operating Cash Flow | - | - | $-2.44M | - |
| Capital Expenditure | - | - | $69.00K | - |
| Investing Cash Flow | - | - | $-39.00K | - |
| Financing Cash Flow | - | - | $2.83M | - |
| Net Change in Cash | - | - | $350.00K | - |
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.