$78.56M
Revenue
$5.17M
Net Income
18.70%
Gross Margin
5.04%
Op. Margin
$3.50M
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) |
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 | $27.84M | $381.00K | $24.86M | $25.48M | $1.42M | $40.27M | $15.13M | $13.21M | $57.41M | - | - | - | - | - | - |
| Revenue Growth % (YoY) | 1857.8% | -99.1% | 64.3% | 92.9% | -97.5% | nan% | nan% | nan% | nan% | nan% | nan% | nan% | nan% | nan% | nan% |
| Cost of Revenue | $21.67M | $123.00K | $21.09M | $20.99M | $980.00K | $33.77M | $18.47M | $17.49M | $67.39M | - | - | - | - | - | - |
| Gross Profit | $6.17M | $258.00K | $3.77M | $4.50M | $442.00K | $6.50M | $-3.33M | $-4.28M | $-9.99M | - | - | - | - | - | - |
| Gross Margin % | 22.2% | 67.7% | 15.2% | 17.6% | 31.1% | 16.1% | -22.0% | -32.4% | -17.4% | nan% | nan% | nan% | nan% | nan% | nan% |
| Operating Expenses | $24.71M | $2.94M | $23.98M | $22.96M | $4.36M | $38.42M | $28.21M | $29.23M | $90.43M | $2.29M | $524.10K | $-27.94K | $489.43K | $619.52K | $655.59K |
| Selling General & Admin | $3.04M | $2.82M | $2.90M | $1.97M | $3.38M | $4.65M | $9.74M | $11.74M | $23.04M | - | - | - | - | - | - |
| Operating Income | $3.13M | $-2.56M | $872.00K | $2.53M | $-2.94M | $1.85M | $-13.08M | $-16.02M | $-34.00M | $-2.29M | $-524.10K | $27.94K | $-489.43K | $-619.52K | $-655.59K |
| Operating Margin % | 11.2% | -673.0% | 3.5% | 9.9% | -206.4% | 4.6% | -86.4% | -121.3% | -59.2% | nan% | nan% | nan% | nan% | nan% | nan% |
| Interest Expense | $-663.00K | $1.65M | $1.65M | $1.22M | $1.37M | $4.27M | $2.32M | $1.12M | $963.00K | - | - | - | - | - | - |
| Interest Income | - | - | - | - | - | - | - | - | - | $894.70K | $3.03M | $2.90M | $756.82K | $373.15K | $26.77K |
| Other Income/Expense | $149.00K | $5.68M | $3.13M | $1.18M | $-2.00K | $-3.18M | $-3.83M | $-1.36M | $-21.72M | $894.70K | $3.03M | $2.90M | $756.82K | $373.15K | $26.77K |
| Income Before Tax | $-4.87M | $2.60M | $2.87M | $458.00K | $-7.63M | $-1.33M | $-16.91M | $-17.38M | $-55.71M | $-1.39M | $2.50M | $2.93M | $267.39K | $-246.37K | - |
| Income Tax Expense | $-352.00K | $272.00K | $189.00K | $98.00K | $-533.00K | $11.00K | $9.00K | $6.00K | $-1.32M | $178.92K | $625.58K | $596.79K | $146.61K | $29.86K | - |
| Net Income | $-6.03M | $7.14M | $3.60M | $455.00K | $-1.90M | $-4.43M | $-16.92M | $-17.39M | $-54.40M | $-1.57M | $1.88M | $2.34M | $120.78K | $-276.23K | $-628.83K |
| Net Margin % | -21.7% | 1875.3% | 14.5% | 1.8% | -133.7% | -11.0% | -111.8% | -131.6% | -94.8% | nan% | nan% | nan% | nan% | nan% | nan% |
| Basic EPS | nan | 1.42 | 1.39 | 0.24 | -23.10 | -0.15 | -0.58 | -0.60 | -1.24 | nan | nan | nan | nan | nan | nan |
| Diluted EPS | nan | 1.26 | 0.75 | 0.03 | -23.10 | -0.15 | -0.58 | -0.60 | -1.24 | nan | nan | nan | nan | nan | nan |
| Basic Shares Outstanding | 83K | 5.0M | 2.6M | 1.9M | -27.8M | 29.5M | 29.4M | 29.1M | 2.1M | - | - | - | - | - | - |
| Diluted Shares Outstanding | -651K | 6.0M | 4.7M | 14.2M | -27.8M | 29.5M | 29.4M | 29.1M | 2.1M | - | - | - | - | - | - |
| 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) |
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 | $4.70M | $4.35M | $4.71M | $2.58M | $2.16M | $3.76M | $5.41M | $6.44M | $14.49M | $489.59K | $1.19M | $1.34M | $1.52M | $1.86M | $2.22M |
| Accounts Receivable | $101.00K | $64.00K | $32.00K | $1.00K | $2.00K | $118.00K | $2.05M | $2.45M | $2.99M | - | - | $1.88M | - | - | - |
| Other Current Assets | $572.00K | $655.00K | $957.00K | $1.12M | $1.07M | $1.18M | $3.15M | $3.62M | $3.90M | - | - | $2.21M | - | - | - |
| Total Current Assets | $9.81M | $11.33M | $10.69M | $20.92M | $43.31M | $43.82M | $61.04M | $39.56M | $46.50M | $612.92K | $1.59M | $1.81M | $1.70M | $2.32M | $2.95M |
| Goodwill | - | - | - | - | $635.00K | $635.00K | $635.00K | $635.00K | $635.00K | - | - | $635.00K | - | - | - |
| Intangible Assets | - | - | - | - | $1.20M | $1.34M | $1.36M | $1.38M | $1.39M | - | - | $1.61M | - | - | - |
| Total Assets | $11.95M | $13.59M | $13.05M | $23.41M | $46.30M | $47.93M | $65.33M | $68.17M | $71.71M | $70.44M | $289.84M | $287.39M | $284.38M | $284.25M | $284.50M |
| Accrued Liabilities | - | - | - | - | - | - | - | - | - | $1.29M | $79.39K | $905.68K | $231.55K | $215.57K | $192.47K |
| Deferred Revenue | $2.70M | - | - | - | $11.54M | $11.77M | $29.02M | $19.03M | $12.86M | - | - | $2.16M | - | - | - |
| Total Current Liabilities | $13.72M | $9.39M | $20.00M | $39.12M | $62.20M | $66.41M | $79.25M | $51.27M | $47.64M | $5.52M | $1.25M | $905.68K | $231.55K | $215.57K | $192.47K |
| Deferred Tax Liabilities | - | - | - | - | $305.00K | $305.00K | $305.00K | $305.00K | $305.00K | - | - | $305.00K | - | - | - |
| Total Liabilities | $13.80M | $9.48M | $20.11M | $39.24M | $62.63M | $67.57M | $80.34M | $66.48M | $56.96M | $5.59M | $1.48M | $905.68K | $9.89M | $9.88M | $9.85M |
| Common Stock | $5.00K | $5.00K | $5.00K | $5.00K | $5.00K | $3.00K | $3.00K | $3.00K | $3.00K | - | - | $1.00K | - | - | - |
| Retained Earnings | $-100.77M | $-93.11M | $-100.25M | $-103.85M | $-104.31M | $-102.41M | $-97.97M | $-81.05M | $-63.66M | $-4.35M | $1.56M | $2.04M | $-7.70M | $-7.29M | $-6.87M |
| Total Stockholders Equity | $-1.85M | $4.11M | $-7.06M | $-15.83M | $-16.33M | $-19.63M | $-15.00M | $1.69M | $14.75M | $-4.35M | $1.56M | $2.04M | $-7.70M | $-7.29M | $-6.87M |
| Total Liabilities & Equity | $11.95M | $13.59M | $13.05M | $23.41M | $46.30M | $47.93M | $65.33M | $68.17M | $71.71M | $70.44M | $289.84M | $287.39M | $284.38M | $284.25M | $284.50M |
| 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) |
Q2 2024 (Jun 30, 2024) |
Q1 2024 (Mar 31, 2024) |
Q4 2023 (Dec 31, 2023) |
Q3 2023 (Sep 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 | $-6.03M | $7.14M | $4.06M | $455.00K | $-1.90M | $-4.43M | $-16.92M | $-17.39M | $-54.40M | $1.58M | $1.88M | $2.34M | $120.78K | $-276.23K | $-628.83K |
| Depreciation & Amortization | $53.00K | $244.00K | $169.00K | $85.00K | $100.00K | $241.00K | $160.00K | $80.00K | $-7.00K | - | - | - | - | - | - |
| Stock-based Compensation | $1.00K | $604.00K | $603.00K | $46.00K | $142.00K | $69.00K | $268.00K | $83.00K | $19.00K | - | - | - | - | - | - |
| Change in Receivables | $137.00K | $62.00K | $30.00K | $-1.00K | $-117.00K | $-324.00K | $-941.00K | $-544.00K | $1.29M | - | - | - | - | - | - |
| Operating Cash Flow | $5.93M | $-2.44M | $536.00K | $-312.00K | $-5.80M | $-11.12M | $-7.37M | $-7.70M | $-28.38M | $-2.01M | $-517.75K | $-179.43K | $-1.06M | $-714.95K | $-361.56K |
| Capital Expenditure | $142.00K | $69.00K | - | - | - | $145.00K | $113.00K | $56.00K | $-184.00K | - | - | - | - | - | - |
| Purchases of Investments | - | - | - | - | - | - | - | - | - | $800.00K | - | - | - | - | - |
| Investing Cash Flow | $-8.04M | $-39.00K | $30.00K | $21.00K | $30.00K | $-145.00K | $-113.00K | $-56.00K | $-220.38M | $222.16M | $361.47K | - | - | - | - |
| Stock Issued | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Financing Cash Flow | $2.45M | $2.83M | $141.00K | $-1.13M | $4.17M | $136.00K | $-1.99M | $-684.00K | $258.46M | $-221.00M | - | - | - | - | - |
| Net Change in Cash | $348.00K | $350.00K | $707.00K | $-1.42M | $-1.60M | $-11.12M | $-9.47M | $-8.44M | $6.57M | - | - | - | - | - | - |
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-Q filings.
Quarterly data represents single quarter results (Q1-Q4). Some items may show year-to-date values if quarterly breakdown is unavailable.