$652.86M
Revenue
$-206.37M
Net Income
57.46%
Gross Margin
-30.78%
Op. Margin
$230.81M
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) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | $102.75M | $315.44M | $162.64M | $72.03M | $86.23M | $288.42M | $127.28M | $59.04M | $59.45M | $142.66M | $76.14M | $43.86M | $41.27M | $160.51M |
| Revenue Growth % (YoY) | 19.2% | 9.4% | 27.8% | 22.0% | 45.0% | 102.2% | 67.2% | 34.6% | 44.1% | -11.1% | nan% | nan% | nan% | nan% |
| Cost of Revenue | $56.36M | $116.33M | $61.14M | $43.88M | $44.34M | $107.19M | $54.01M | $38.34M | $38.74M | $69.36M | $44.14M | $31.01M | $26.10M | $74.71M |
| Gross Profit | $46.39M | $199.11M | $101.50M | $28.15M | $41.90M | $181.22M | $73.27M | $20.70M | $20.71M | $73.30M | $32.00M | $12.85M | $15.18M | $85.80M |
| Gross Margin % | 45.2% | 63.1% | 62.4% | 39.1% | 48.6% | 62.8% | 57.6% | 35.1% | 34.8% | 51.4% | 42.0% | 29.3% | 36.8% | 53.5% |
| Operating Expenses | $211.56M | $286.46M | $127.72M | $-49.65M | $-19.42M | $216.46M | $28.25M | $95.57M | $29.63M | $46.13M | $-31.35M | $-6.00K | $60.01M | $-37.65M |
| Selling General & Admin | $21.83M | $23.48M | $15.97M | $16.30M | $21.01M | $18.52M | $13.91M | $13.46M | $15.55M | $16.16M | $14.90M | $10.46M | $9.52M | $22.38M |
| Operating Income | $-165.16M | $-87.35M | $-26.23M | $77.81M | $61.32M | $-35.24M | $45.02M | $-74.86M | $-8.92M | $27.17M | $63.35M | $12.85M | $-44.83M | $123.45M |
| Operating Margin % | -160.7% | -27.7% | -16.1% | 108.0% | 71.1% | -12.2% | 35.4% | -126.8% | -15.0% | 19.0% | 83.2% | 29.3% | -108.6% | 76.9% |
| Interest Expense | $9.69M | $19.87M | $19.70M | $6.00K | $9.17M | $20.29M | $17.15M | $10.65M | $10.44M | $10.45M | $10.34M | $10.15M | $10.00M | $9.94M |
| Other Income/Expense | $638.00K | $73.00K | $212.00K | $-143.00K | $60.00K | $-151.00K | $-74.00K | $-27.00K | $-388.00K | $60.00K | $-17.00K | $-72.00K | $-317.00K | $785.00K |
| Income Before Tax | $-174.43M | $-97.15M | $-33.85M | $69.18M | $49.93M | $-44.09M | $34.13M | $-86.83M | $-17.33M | $23.06M | $52.75M | $3.11M | $-50.21M | $113.23M |
| Income Tax Expense | $-34.20M | $-6.49M | $-1.69M | $12.49M | $-94.24M | $45.08M | $12.48M | $-4.27M | $-4.09M | $3.78M | $733.00K | $-6.32M | $-18.22M | $34.52M |
| Net Income | $-140.23M | $-90.66M | $-32.16M | $56.69M | $144.17M | $-89.17M | $21.65M | $-82.56M | $-13.24M | $19.28M | $52.01M | $9.43M | $-31.99M | $78.71M |
| Net Margin % | -136.5% | -28.7% | -19.8% | 78.7% | 167.2% | -30.9% | 17.0% | -139.8% | -22.3% | 13.5% | 68.3% | 21.5% | -77.5% | 49.0% |
| Basic EPS | -0.92 | -0.62 | -0.22 | 0.38 | 0.99 | -0.61 | 0.15 | -0.57 | -0.08 | 0.13 | 0.33 | 0.06 | -0.19 | 0.48 |
| Diluted EPS | -0.92 | -0.62 | -0.22 | 0.36 | 0.99 | -0.61 | 0.14 | -0.57 | -0.07 | 0.12 | 0.31 | 0.06 | -0.18 | 0.45 |
| Basic Shares Outstanding | - | 146.8M | 147.1M | 148.6M | 466K | 145.2M | 145.2M | 145.3M | -1.3M | 153.7M | 156.5M | 157.7M | -1.0M | 162.6M |
| Diluted Shares Outstanding | - | 146.8M | 147.1M | 156.7M | 466K | 145.2M | 154.7M | 145.3M | -1.3M | 165.5M | 168.3M | 169.5M | -1.0M | 176.8M |
| 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) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Cash Equivalents | $325.93M | $340.65M | $140.66M | $200.05M | $198.46M | $223.05M | $43.16M | $34.38M | $47.28M | $71.76M | $22.12M | $91.79M | $126.75M | $166.26M |
| Accounts Receivable | $64.36M | $106.69M | $121.42M | $44.65M | $56.05M | $97.57M | $96.32M | $38.39M | $39.59M | $72.10M | $62.63M | $24.71M | $26.65M | $85.61M |
| Inventory | $139.63M | $130.14M | $150.05M | $122.71M | $116.35M | $108.37M | $142.17M | $144.67M | $145.65M | $139.78M | $163.12M | $156.26M | $142.96M | $120.47M |
| Other Current Assets | $4.45M | $6.68M | $7.96M | $18.03M | $3.39M | $9.73M | $13.66M | $19.43M | $18.49M | $6.98M | $10.72M | $11.63M | $11.95M | $4.88M |
| Total Current Assets | $563.97M | $584.15M | $420.08M | $385.44M | $394.02M | $438.72M | $295.32M | $236.88M | $251.01M | $294.36M | $262.01M | $285.97M | $308.52M | $377.87M |
| Property Plant & Equipment | $85.14M | $81.55M | $78.83M | $67.69M | $64.78M | $61.55M | $59.37M | $58.19M | $59.40M | $58.31M | $58.84M | $59.22M | $58.85M | $57.19M |
| Goodwill | $1.07B | $1.05B | $1.05B | $1.04B | $1.03B | $1.04B | $1.03B | $1.03B | $1.04B | $1.03B | $1.03B | $1.03B | $1.03B | $1.02B |
| Intangible Assets | $899.32M | $888.21M | $896.76M | $888.69M | $898.42M | $903.29M | $913.67M | $928.47M | $945.01M | $954.50M | $1.01B | $1.02B | $1.04B | $1.04B |
| Other Non-current Assets | $3.50M | $529.00K | $642.00K | $750.00K | $1.16M | $978.00K | $1.09M | $1.20M | $1.32M | $1.43M | $1.54M | $1.65M | $1.77M | $1.88M |
| Total Assets | $2.65B | $2.65B | $2.49B | $2.41B | $2.42B | $2.46B | $2.32B | $2.28B | $2.32B | $2.36B | $2.39B | $2.42B | $2.46B | $2.50B |
| Accounts Payable | - | - | - | - | - | - | - | - | - | - | - | $25.95M | $36.79M | $31.86M |
| Deferred Revenue | $1.88M | $9.65M | $20.18M | $6.41M | $1.84M | $8.79M | $7.93M | - | - | $1.17M | $2.65M | - | - | $1.27M |
| Total Current Liabilities | $175.12M | $263.65M | $103.96M | $73.71M | $62.49M | $112.06M | $81.85M | $62.58M | $55.05M | $63.54M | $66.43M | $70.99M | $74.15M | $167.39M |
| Long-term Debt | $669.12M | $668.78M | $668.44M | $668.10M | $667.77M | $667.45M | $667.12M | $666.81M | $666.49M | $666.18M | $665.88M | $665.58M | $665.28M | $664.99M |
| Deferred Tax Liabilities | $80.41M | $95.75M | $142.86M | $161.31M | $152.20M | $253.96M | $247.81M | $247.98M | $253.45M | $266.78M | $267.72M | $272.16M | $278.27M | $222.95M |
| Other Non-current Liabilities | $3.59M | $2.71M | $2.51M | $2.31M | $2.23M | $2.38M | $2.15M | $2.15M | $2.19M | $2.09M | $9.79M | $9.62M | $9.32M | $8.95M |
| Total Liabilities | $1.52B | $1.53B | $1.31B | $1.19B | $1.26B | $1.46B | $1.25B | $1.23B | $1.16B | $1.18B | $1.21B | $1.28B | $1.32B | $1.30B |
| Common Stock | $17.00K | $17.00K | $17.00K | $17.00K | $17.00K | $166.84M | $166.82M | $166.82M | $165.07M | $165.07M | $165.07M | $165.07M | $163.24M | $163.24M |
| Retained Earnings | $-793.09M | $-652.86M | $-562.20M | $-530.04M | $-586.72M | $-730.89M | $-641.73M | $-663.38M | $-580.82M | $-567.58M | $-586.86M | $-638.87M | $-648.30M | $-613.08M |
| Total Stockholders Equity | $1.13B | $1.11B | $1.18B | $1.22B | $1.16B | $1.00B | $1.08B | $1.05B | $1.15B | $1.18B | $1.18B | $1.15B | $1.14B | $1.20B |
| Total Liabilities & Equity | $2.65B | $2.65B | $2.49B | $2.41B | $2.42B | $2.46B | $2.32B | $2.28B | $2.32B | $2.36B | $2.39B | $2.42B | $2.46B | $2.50B |
| 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) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $-140.23M | $-90.66M | $-32.16M | $56.69M | $144.17M | $-150.07M | $21.65M | $-82.56M | $-13.24M | $80.73M | $52.01M | $9.43M | $-31.99M | $78.71M |
| Depreciation & Amortization | $20.42M | $18.79M | $34.82M | $16.89M | $16.50M | $16.44M | $16.36M | $16.41M | $16.36M | $48.49M | $32.22M | $16.09M | $16.26M | $16.45M |
| Stock-based Compensation | $5.22M | $11.43M | $4.91M | $2.67M | $4.80M | $8.05M | $4.74M | $1.74M | $1.73M | $-130.00K | $-1.88M | $-3.07M | $-4.65M | $19.30M |
| Deferred Income Tax | $-15.97M | $-58.17M | $-11.29M | $8.93M | $-100.22M | $663.00K | $-4.76M | $-4.83M | $-14.51M | $-11.30M | $-11.08M | $-6.32M | $55.44M | $-72.44M |
| Change in Receivables | $-42.01M | $48.96M | $63.46M | $-11.83M | $-44.59M | $57.88M | $57.32M | $-874.00K | $-31.78M | $46.22M | $35.64M | $-1.67M | $-57.65M | $63.84M |
| Change in Inventory | $6.30M | $-316.00K | $21.83M | $-2.15M | $7.50M | $-37.37M | $-2.68M | $-231.00K | $4.72M | $-2.67M | $19.96M | $13.12M | $21.18M | $40.76M |
| Change in Payables | $-411.00K | $6.64M | $12.00M | $-3.51M | $-2.13M | $1.38M | $277.00K | $-7.21M | $2.66M | $-18.00M | $-4.74M | $-10.88M | $4.72M | $4.97M |
| Operating Cash Flow | $18.60M | $219.55M | $20.89M | $23.75M | $-5.99M | $194.38M | $11.42M | $2.79M | $10.43M | $-10.23M | $-72.94M | $-31.62M | $3.01M | $-43.18M |
| Capital Expenditure | $6.99M | $22.60M | $17.58M | $4.81M | $6.46M | $9.07M | $5.20M | $1.55M | $2.81M | $6.63M | $4.38M | $2.46M | $2.59M | $6.02M |
| Investing Cash Flow | $-46.99M | $-59.83M | $-42.80M | $-14.81M | $-39.25M | $-3.69M | $187.00K | $-472.00K | $-8.26M | $-6.63M | $-4.38M | $-2.46M | $-2.59M | $-7.66M |
| Stock Repurchased | - | $40.37M | $40.37M | $8.18M | - | $14.42M | $14.42M | $14.28M | $26.82M | $37.25M | $27.21M | $864.00K | $41.77M | $7.57M |
| Financing Cash Flow | $12.61M | $-21.58M | $-40.56M | $-8.39M | $23.31M | $-14.96M | $-14.78M | $-14.45M | $-26.95M | $-37.50M | $-27.32M | $-864.00K | $-41.77M | $-7.04M |
| Net Change in Cash | $-14.72M | $142.19M | $-57.80M | $1.59M | $-24.60M | $175.78M | $-4.11M | $-12.89M | $-24.48M | $-54.99M | $-104.63M | $-34.96M | $-39.51M | $-59.30M |
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 | $315.44M | - | $550.11M | - |
| Cost of Revenue | $116.33M | - | $221.35M | - |
| Gross Profit | $199.11M | - | $328.76M | - |
| Operating Expenses | $286.46M | - | $364.52M | - |
| Selling General & Admin | $23.48M | - | $55.74M | - |
| Operating Income | $-87.35M | - | $-35.77M | - |
| Interest Expense | $9.87M | - | $19.87M | - |
| Other Income/Expense | $73.00K | - | $142.00K | - |
| Income Before Tax | $-97.15M | - | $-61.82M | - |
| Income Tax Expense | $-6.49M | - | $4.32M | - |
| Net Income | $-90.66M | $21.65M | $-66.14M | - |
| Basic EPS | -0.62 | - | -0.45 | - |
| Diluted EPS | -0.62 | - | -0.45 | - |
| Basic Shares Outstanding | $146.80M | - | $147.92M | - |
| Diluted Shares Outstanding | $146.80M | - | $147.92M | - |
Condensed Consolidated Balance Sheets
| Description | Sep 30, 2025 | Dec 31, 2024 |
|---|---|---|
| Cash & Cash Equivalents | $340.65M | $198.46M |
| Accounts Receivable | $106.69M | $56.05M |
| Inventory | $130.14M | $116.35M |
| Other Current Assets | $6.68M | $23.17M |
| Total Current Assets | $584.15M | $394.02M |
| Property Plant & Equipment | $81.55M | $64.78M |
| Goodwill | $1.05B | $1.03B |
| Intangible Assets | $888.21M | $898.42M |
| Other Non-current Assets | $529.00K | $1.16M |
| Total Assets | $2.65B | $2.42B |
| Deferred Revenue | $9.65M | $1.84M |
| Total Current Liabilities | $263.65M | $62.49M |
| Long-term Debt | $668.78M | $667.77M |
| Deferred Tax Liabilities | $95.75M | $152.20M |
| Other Non-current Liabilities | $2.71M | $2.23M |
| Total Liabilities | $1.53B | $1.26B |
| Common Stock | $17.00K | $17.00K |
| Retained Earnings | $-652.86M | $-586.72M |
| Total Stockholders Equity | $1.11B | $1.16B |
| Total Liabilities & Equity | $2.65B | $2.42B |
Condensed Consolidated Statements of Cash Flows
| Description | Sep 30, 2025 | Sep 30, 2025 | ||
|---|---|---|---|---|
| Current | Prior Year | Current YTD | Prior Year YTD | |
| Net Income | $-90.66M | $21.65M | $-66.14M | - |
| Depreciation & Amortization | $18.79M | - | $53.61M | - |
| Stock-based Compensation | - | - | $11.43M | - |
| Deferred Income Tax | - | - | $-58.17M | - |
| Change in Receivables | - | - | $48.96M | - |
| Change in Inventory | - | - | $-316.00K | - |
| Change in Payables | - | - | $6.64M | - |
| Operating Cash Flow | - | - | $219.55M | - |
| Capital Expenditure | - | - | $22.60M | - |
| Investing Cash Flow | - | - | $-59.83M | - |
| Stock Repurchased | - | - | $40.37M | - |
| Financing Cash Flow | - | - | $-21.58M | - |
| Net Change in Cash | - | - | $142.19M | - |
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.