$151.82M
Revenue
$-11.67M
Net Income
59.37%
Gross Margin
-7.61%
Op. Margin
$3.35M
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 | $151.82M | $151.82M | $180.35M | $195.92M | $168.79M | $133.31M |
| Revenue Growth % | 0.0% | -15.8% | -7.9% | 16.1% | 26.6% | nan% |
| Cost of Revenue | $61.69M | $61.69M | $71.38M | $74.01M | $62.78M | $44.54M |
| Gross Profit | $90.13M | $90.13M | $108.97M | $121.91M | $106.01M | $88.78M |
| Gross Margin % | 59.4% | 59.4% | 60.4% | 62.2% | 62.8% | 66.6% |
| Operating Expenses | $163.38M | $163.38M | $182.17M | $186.43M | $173.34M | $117.55M |
| Selling General & Admin | $82.18M | $82.18M | $98.88M | $102.38M | $101.42M | $65.73M |
| Operating Income | $-11.56M | $-11.56M | $-1.82M | $9.48M | $-4.54M | $15.77M |
| Operating Margin % | -7.6% | -7.6% | -1.0% | 4.8% | -2.7% | 11.8% |
| Interest Expense | $10.03M | $5.56M | $6.00M | $6.49M | $6.75M | $4.89M |
| Income Before Tax | $-17.64M | $-17.64M | $-8.06M | $3.00M | $-11.30M | $10.88M |
| Income Tax Expense | $-5.97M | $-5.97M | $188.00K | $7.48M | $3.38M | $329.00K |
| Net Income | $-11.67M | $-11.67M | $-8.25M | $-4.48M | $-14.68M | $10.55M |
| Net Margin % | -7.7% | -7.7% | -4.6% | -2.3% | -8.7% | 7.9% |
| Basic EPS | nan | -0.19 | -0.14 | -0.08 | -0.26 | -0.01 |
| Diluted EPS | nan | -0.19 | -0.14 | -0.08 | -0.26 | -0.01 |
| Basic Shares Outstanding | 249K | 60.5M | 57.7M | 56.8M | 55.7M | 55.6M |
| Diluted Shares Outstanding | 249K | 60.5M | 57.7M | 56.8M | 55.7M | 55.6M |
| 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 | $8.45M | $8.23M | $10.26M | $9.62M | $25.35M |
| Other Current Assets | $5.51M | $5.83M | $3.76M | $4.23M | $4.09M |
| Total Current Assets | $15.46M | $17.12M | $15.96M | $16.68M | $29.44M |
| Property Plant & Equipment | $27.81M | $37.47M | $28.91M | $24.21M | $13.63M |
| Goodwill | $81.73M | $81.73M | $81.73M | $81.73M | $81.73M |
| Intangible Assets | $36.84M | $41.59M | $46.35M | $51.10M | $55.85M |
| Other Non-current Assets | $3.01M | $6.41M | $5.66M | $3.28M | $1.74M |
| Total Assets | $187.30M | $210.00M | $204.02M | $200.76M | $200.55M |
| Accounts Payable | $5.37M | $6.26M | $3.92M | $3.84M | $2.67M |
| Accrued Liabilities | $5.30M | $8.30M | $3.30M | $6.64M | $4.10M |
| Deferred Revenue | $1.87M | $1.17M | $1.46M | $2.36M | $2.81M |
| Total Current Liabilities | $27.90M | $28.61M | $20.32M | $22.32M | $16.41M |
| Long-term Debt | $56.05M | $69.71M | $69.50M | $81.42M | $81.75M |
| Deferred Tax Liabilities | $878.00K | $6.58M | $6.83M | $5.49M | $4.35M |
| Other Non-current Liabilities | - | $817.00K | $716.00K | $1.02M | - |
| Total Liabilities | $99.59M | $130.71M | $120.03M | $129.99M | $117.03M |
| Common Stock | $64.00K | $58.00K | $57.00K | $56.00K | $56.00K |
| Retained Earnings | $-40.57M | $-27.80M | $-19.55M | $-15.07M | $-393.00K |
| Total Stockholders Equity | $87.71M | $79.29M | $83.99M | $70.77M | $83.53M |
| Total Liabilities & Equity | $187.30M | $210.00M | $204.02M | $200.76M | $200.55M |
| 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 | $-11.67M | $-11.67M | $-8.25M | $-4.48M | $-14.68M | $10.55M |
| Depreciation & Amortization | $16.02M | $12.78M | $11.89M | $10.25M | $8.06M | $6.60M |
| Stock-based Compensation | $6.16M | $2.33M | $3.76M | $18.22M | $29.46M | $7.18M |
| Deferred Income Tax | - | $-5.91M | $-252.00K | $1.34M | $1.13M | $208.00K |
| Change in Payables | $-1.54M | $579.00K | $739.00K | $-206.00K | $865.00K | $1.58M |
| Operating Cash Flow | $9.82M | $3.10M | $11.35M | $23.96M | $24.45M | $26.63M |
| Capital Expenditure | $6.47M | $2.40M | $14.01M | $9.92M | $12.92M | $7.12M |
| Investing Cash Flow | $-6.47M | $-2.40M | $-14.01M | $-9.92M | $-12.92M | $-7.12M |
| Stock Issued | - | $18.76M | - | - | - | - |
| Dividends Paid | - | - | $252.00K | $385.00K | $23.16M | - |
| Financing Cash Flow | $-5.86M | $-478.00K | $630.00K | $-13.39M | $-27.26M | $-4.55M |
| Net Change in Cash | $-2.51M | $214.00K | $-2.03M | $646.00K | $-15.73M | $14.97M |
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 | $34.99M | - | $118.38M | - |
| Cost of Revenue | $14.86M | - | $48.02M | - |
| Operating Expenses | $44.74M | - | $128.93M | - |
| Selling General & Admin | $19.52M | - | $63.96M | - |
| Operating Income | $-9.75M | - | $-10.55M | - |
| Interest Expense | $1.41M | - | $4.22M | - |
| Income Before Tax | $-11.16M | - | $-15.15M | - |
| Income Tax Expense | $-1.65M | - | $-2.20M | - |
| Net Income | $-9.51M | $-3.21M | $-12.95M | - |
| Basic EPS | -0.15 | - | -0.22 | - |
| Diluted EPS | -0.15 | - | -0.22 | - |
| Basic Shares Outstanding | $62.44M | - | $60.20M | - |
| Diluted Shares Outstanding | $62.44M | - | $60.20M | - |
Condensed Consolidated Balance Sheets
| Description | Sep 30, 2025 | Dec 31, 2024 |
|---|---|---|
| Cash & Cash Equivalents | $5.41M | $8.23M |
| Other Current Assets | $3.35M | $5.83M |
| Total Current Assets | $12.22M | $17.12M |
| Property Plant & Equipment | $29.51M | $37.47M |
| Goodwill | $81.73M | $81.73M |
| Intangible Assets | $38.03M | $41.59M |
| Other Non-current Assets | $3.36M | $6.41M |
| Total Assets | $185.92M | $210.00M |
| Accounts Payable | $4.46M | $6.26M |
| Accrued Liabilities | $5.17M | $8.30M |
| Deferred Revenue | $880.00K | $1.17M |
| Total Current Liabilities | $24.16M | $28.61M |
| Long-term Debt | $51.91M | $65.46M |
| Deferred Tax Liabilities | $6.58M | $6.58M |
| Other Non-current Liabilities | - | $817.00K |
| Total Liabilities | $103.81M | $130.71M |
| Common Stock | $62.00K | $58.00K |
| Retained Earnings | $-40.75M | $-27.80M |
| Total Stockholders Equity | $82.11M | $79.29M |
| Total Liabilities & Equity | $185.92M | $210.00M |
Condensed Consolidated Statements of Cash Flows
| Description | Sep 30, 2025 | Sep 30, 2025 | ||
|---|---|---|---|---|
| Current | Prior Year | Current YTD | Prior Year YTD | |
| Net Income | $-9.51M | $-3.21M | $-12.95M | - |
| Depreciation & Amortization | $3.22M | - | $9.71M | - |
| Stock-based Compensation | - | - | $3.72M | - |
| Change in Payables | - | - | $-340.00K | - |
| Operating Cash Flow | - | - | $5.63M | - |
| Capital Expenditure | - | - | $2.35M | - |
| Investing Cash Flow | - | - | $-2.35M | - |
| Stock Issued | - | - | $13.77M | - |
| Dividends Paid | - | - | - | - |
| Financing Cash Flow | - | - | $-6.11M | - |
| Net Change in Cash | - | - | $-2.83M | - |
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.