$1.94B
Revenue
$-366.90M
Net Income
25.09%
Gross Margin
-11.44%
Op. Margin
$45.90M
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) |
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 | $436.50M | $403.10M | $501.90M | $600.30M | $454.70M | $575.30M | $579.40M | $581.50M | $574.20M | $709.20M | $851.70M | $794.10M | $696.73M |
| Revenue Growth % (YoY) | -4.0% | -29.9% | -13.4% | 3.2% | nan% | 0.2% | -18.3% | -31.7% | -17.6% | nan% | nan% | nan% | nan% |
| Cost of Revenue | $336.40M | $324.10M | $374.70M | $419.40M | $337.60M | $390.70M | $393.10M | $373.70M | $368.50M | $467.80M | $541.70M | $471.00M | $388.07M |
| Gross Profit | $100.10M | $79.00M | $127.20M | $180.90M | $117.10M | $184.60M | $186.30M | $207.80M | $205.70M | $241.40M | $310.00M | $323.10M | $308.66M |
| Gross Margin % | 22.9% | 19.6% | 25.3% | 30.1% | 25.8% | 32.1% | 32.2% | 35.7% | 35.8% | 34.0% | 36.4% | 40.7% | 44.3% |
| Operating Expenses | $541.50M | $481.90M | $556.20M | $584.30M | $501.50M | $579.60M | $628.60M | $541.60M | $553.70M | $655.50M | $745.00M | $668.90M | $527.78M |
| Selling General & Admin | $42.50M | $43.00M | $51.40M | $53.60M | $48.00M | $51.90M | $54.10M | $50.60M | $61.00M | $70.30M | $76.30M | $74.10M | $70.29M |
| Operating Income | $-105.00M | $-78.80M | $-54.30M | $16.00M | $-46.80M | $-4.30M | $-49.20M | $39.90M | $20.50M | $53.70M | $106.70M | $125.20M | $168.95M |
| Operating Margin % | -24.1% | -19.5% | -10.8% | 2.7% | -10.3% | -0.7% | -8.5% | 6.9% | 3.6% | 7.6% | 12.5% | 15.8% | 24.2% |
| Interest Expense | $33.30M | $34.50M | $35.10M | $35.90M | $38.80M | $40.60M | $39.60M | $37.60M | $40.20M | $41.00M | $34.90M | $20.50M | $16.26M |
| Other Income/Expense | $400.00K | $700.00K | $-9.70M | $4.80M | $1.80M | $-100.00K | $-500.00K | $1.80M | $-4.90M | $-7.70M | $-9.40M | $8.30M | $-928.00K |
| Income Before Tax | $-137.90M | $-112.60M | $-99.10M | $-15.10M | $-83.80M | $-45.00M | $-89.30M | $3.30M | $-24.60M | $5.00M | $66.50M | $112.70M | $151.52M |
| Income Tax Expense | $2.60M | $-20.20M | $4.40M | $300.00K | $17.90M | $-1.50M | $-23.70M | $300.00K | $-6.70M | $9.60M | $6.70M | $-3.30M | $8.16M |
| Net Income | $-142.60M | $-100.90M | $-105.90M | $-17.50M | $-105.00M | $-45.20M | $-66.70M | $1.80M | $-24.50M | $-2.90M | $22.00M | $40.90M | $44.93M |
| Net Margin % | -32.7% | -25.0% | -21.1% | -2.9% | -23.1% | -7.9% | -11.5% | 0.3% | -4.3% | -0.4% | 2.6% | 5.2% | 6.4% |
| Basic EPS | nan | -0.60 | -0.67 | -0.12 | -0.67 | -0.29 | -0.42 | 0.00 | -0.21 | -0.02 | 0.40 | 0.82 | 1.09 |
| Diluted EPS | nan | -0.60 | -0.67 | -0.12 | -0.67 | -0.29 | -0.42 | 0.00 | -0.21 | -0.02 | 0.40 | 0.82 | 1.09 |
| Basic Shares Outstanding | 4.5M | 170.8M | 160.2M | 160.2M | - | 160.1M | 160.0M | 159.5M | 159.4M | 148.8M | 54.5M | 3.5M | 41.2M |
| Diluted Shares Outstanding | 4.5M | 170.8M | 160.2M | 160.2M | - | 160.1M | 160.0M | 159.8M | 159.4M | 148.8M | 54.9M | 3.6M | 41.3M |
| 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) |
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 | $22.90M | $58.00M | $26.00M | $16.00M | $14.80M | $25.50M | $24.00M | $28.30M | $25.10M | $26.90M | $69.90M | $35.10M | $64.68M |
| Accounts Receivable | $266.80M | $269.10M | $333.80M | $405.80M | $312.70M | $358.20M | $378.80M | $381.80M | $332.30M | $460.50M | $593.10M | $535.50M | $501.34M |
| Inventory | $151.30M | $166.70M | $180.90M | $200.10M | $201.10M | $239.00M | $258.80M | $219.80M | $271.90M | $304.80M | $283.10M | $249.50M | $238.79M |
| Other Current Assets | $22.60M | $28.40M | $20.70M | $30.30M | $29.40M | $44.50M | $30.70M | $22.80M | $42.80M | $31.00M | $43.10M | $43.20M | $25.07M |
| Total Current Assets | $483.50M | $541.30M | $580.30M | $669.80M | $574.10M | $680.00M | $703.90M | $664.60M | $678.60M | $828.90M | $993.60M | $865.40M | $836.19M |
| Property Plant & Equipment | $1.46B | $1.57B | $1.64B | $1.71B | $1.76B | $1.83B | $1.87B | $1.69B | $1.85B | $1.91B | $1.91B | $1.40B | $821.21M |
| Goodwill | $290.20M | $301.30M | $301.30M | $301.30M | $302.00M | $302.10M | $300.80M | $342.30M | $323.20M | $321.40M | $327.70M | $240.50M | $97.57M |
| Intangible Assets | $111.80M | $120.80M | $129.90M | $139.60M | $148.90M | $158.10M | $160.40M | $164.70M | $182.30M | $191.10M | $200.00M | $203.10M | $34.93M |
| Long-term Investments | - | - | - | - | $7.50M | $7.50M | $7.50M | $30.40M | $42.80M | $48.40M | $53.00M | $58.60M | $56.75M |
| Other Non-current Assets | $40.00M | $48.90M | $45.20M | $44.70M | $35.80M | $35.60M | $20.90M | $37.40M | $55.70M | $47.40M | $46.30M | $56.30M | $52.03M |
| Total Assets | $2.57B | $2.74B | $2.83B | $3.02B | $2.99B | $3.14B | $3.16B | $3.01B | $3.22B | $3.45B | $3.64B | $2.93B | $1.98B |
| Accounts Payable | $257.10M | $276.60M | $335.80M | $351.60M | $324.30M | $356.30M | $334.50M | $281.80M | $341.10M | $425.10M | $515.00M | $339.40M | $209.54M |
| Accrued Liabilities | $74.00M | $80.90M | $77.00M | $75.00M | $67.20M | $75.50M | $94.20M | $89.00M | $113.00M | $124.50M | $130.20M | $115.40M | $194.32M |
| Deferred Revenue | $800.00K | - | - | - | $7.40M | - | - | - | - | - | - | - | - |
| Other Current Liabilities | $28.80M | $29.70M | $33.00M | $36.30M | $56.60M | $62.20M | $55.90M | $64.40M | $70.80M | - | $73.40M | $25.70M | $36.45M |
| Total Current Liabilities | $597.40M | $595.60M | $640.10M | $684.50M | $660.00M | $714.50M | $699.90M | $623.60M | $703.60M | $837.80M | $935.10M | $668.10M | $545.29M |
| Long-term Debt | $832.70M | $907.00M | $941.90M | $967.90M | $931.10M | $986.70M | $1.01B | $895.10M | $902.10M | $1.02B | $1.05B | $735.00M | $484.23M |
| Deferred Tax Liabilities | $11.80M | $11.20M | $14.80M | $14.80M | $14.90M | - | - | - | $79.40M | $77.60M | - | - | - |
| Other Non-current Liabilities | $10.10M | $9.90M | $9.80M | $9.30M | $9.20M | $9.00M | $7.80M | $9.60M | $75.20M | $84.70M | $64.10M | $36.00M | $17.32M |
| Total Liabilities | $1.69B | $1.72B | $1.81B | $1.90B | $1.85B | $1.91B | $1.89B | $1.67B | $1.86B | $2.12B | $2.18B | $1.58B | $1.12B |
| Retained Earnings | $-610.20M | $-466.20M | $-361.90M | $-254.70M | $-235.90M | $-129.70M | $-83.30M | $-15.40M | $77.50M | $110.60M | $113.50M | $-1.19B | $868.41M |
| Total Stockholders Equity | $717.50M | $862.00M | $875.50M | $988.10M | $1.01B | $1.10B | $1.15B | $1.21B | $1.25B | $1.28B | $119.90M | $-1.18B | $-866.98M |
| Total Liabilities & Equity | $2.57B | $2.74B | $2.83B | $3.02B | $2.99B | $3.14B | $3.16B | $3.01B | $3.22B | $3.45B | $3.64B | $2.93B | $1.98B |
| 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) |
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 | $-142.60M | $-100.90M | $-123.40M | $-17.50M | $-105.00M | $-110.10M | $-64.90M | $1.80M | $-5.40M | $-2.90M | $22.00M | $40.90M | $44.93M |
| Depreciation & Amortization | $102.60M | $313.70M | $210.70M | $106.00M | $113.30M | $328.90M | $216.20M | $112.80M | $330.70M | $219.20M | $110.30M | $89.20M | $177.04M |
| Stock-based Compensation | $2.70M | $6.60M | $1.90M | $1.10M | $1.20M | $6.10M | $5.00M | $2.10M | $27.30M | $22.90M | $13.10M | $14.10M | $53.23M |
| Deferred Income Tax | $2.40M | $-16.50M | - | - | $14.70M | $-25.40M | $-27.20M | $200.00K | $5.00M | - | - | $1.30M | $2.36M |
| Change in Receivables | $-500.00K | $-26.40M | $38.00M | $94.50M | $-42.10M | $-13.40M | $6.00M | $41.20M | $-219.40M | $-92.00M | $41.90M | $-17.20M | $220.47M |
| Change in Inventory | $-14.70M | $-24.10M | $-9.90M | $-1.00M | $-38.00M | $-26.70M | $-6.90M | $-16.60M | $15.30M | $48.20M | $24.70M | $8.30M | $107.15M |
| Change in Payables | $900.00K | $-23.30M | $47.20M | $49.20M | $-31.90M | $24.30M | $-10.10M | $-20.30M | $-48.10M | $37.90M | $136.50M | $36.60M | $6.33M |
| Operating Cash Flow | $49.50M | $140.00M | $139.10M | $38.70M | $76.50M | $290.80M | $192.60M | $79.10M | $510.80M | $387.20M | $233.50M | $158.60M | $256.66M |
| Capital Expenditure | $36.60M | $133.30M | $99.00M | $52.50M | $63.20M | $191.80M | $121.80M | $59.90M | $233.90M | $181.30M | $83.20M | $116.70M | $239.48M |
| Acquisitions | - | - | - | - | - | $194.40M | $194.40M | - | $461.80M | $461.80M | $443.60M | $285.80M | $354.93M |
| Investing Cash Flow | $-35.70M | $-128.00M | $-97.90M | $-51.70M | $-20.50M | $-351.80M | $-284.80M | $-53.30M | $-692.70M | $-641.70M | $-525.80M | $-398.80M | $-629.76M |
| Debt Repayment | $32.40M | $103.70M | $71.90M | $42.50M | $47.20M | $110.00M | $55.60M | $37.50M | $98.60M | $75.20M | $18.20M | $15.90M | $515.78M |
| Stock Issued | $600.00K | $82.40M | - | - | - | - | - | - | - | - | - | - | $329.12M |
| Financing Cash Flow | $-48.90M | $31.20M | $-30.00M | $14.20M | $-66.70M | $61.20M | $90.90M | $-22.80M | $169.80M | $244.40M | $327.10M | $211.40M | $434.46M |
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 | $403.10M | - | $1.51B | - |
| Cost of Revenue | $324.10M | - | $1.12B | - |
| Operating Expenses | $481.90M | - | $1.63B | - |
| Selling General & Admin | $43.00M | - | $148.00M | - |
| Operating Income | $-78.80M | - | $-120.80M | - |
| Interest Expense | $34.50M | - | $105.50M | - |
| Other Income/Expense | $700.00K | - | $-4.20M | - |
| Income Before Tax | $-112.60M | - | $-230.50M | - |
| Income Tax Expense | $-20.20M | - | $-15.50M | - |
| Net Income | $-100.90M | - | $-226.40M | - |
| Basic EPS | -0.60 | - | -1.41 | - |
| Diluted EPS | -0.60 | - | -1.41 | - |
| Basic Shares Outstanding | $170.80M | - | $163.80M | - |
| Diluted Shares Outstanding | $170.80M | - | $163.80M | - |
Condensed Consolidated Balance Sheets
| Description | Sep 30, 2025 | Dec 31, 2024 |
|---|---|---|
| Cash & Cash Equivalents | $58.00M | $14.80M |
| Accounts Receivable | $269.10M | $312.70M |
| Inventory | $166.70M | $201.10M |
| Other Current Assets | $28.40M | $29.40M |
| Total Current Assets | $541.30M | $574.10M |
| Property Plant & Equipment | $1.57B | $1.76B |
| Goodwill | $301.30M | $302.00M |
| Intangible Assets | $120.80M | $148.90M |
| Other Non-current Assets | $48.90M | $43.30M |
| Total Assets | $2.74B | $2.99B |
| Accounts Payable | $276.60M | $324.30M |
| Accrued Liabilities | $80.90M | $67.20M |
| Other Current Liabilities | $29.70M | $56.60M |
| Total Current Liabilities | $595.60M | $660.00M |
| Long-term Debt | $907.00M | $936.10M |
| Deferred Tax Liabilities | $11.20M | $14.90M |
| Other Non-current Liabilities | $9.90M | $9.20M |
| Total Liabilities | $1.72B | $1.85B |
| Retained Earnings | $-466.20M | $-235.90M |
| Total Stockholders Equity | $862.00M | $1.01B |
| Total Liabilities & Equity | $2.74B | $2.99B |
Condensed Consolidated Statements of Cash Flows
| Description | Sep 30, 2025 | Sep 30, 2025 | ||
|---|---|---|---|---|
| Current | Prior Year | Current YTD | Prior Year YTD | |
| Net Income | $-100.90M | - | $-226.40M | - |
| Depreciation & Amortization | - | - | $313.70M | - |
| Stock-based Compensation | - | - | $6.60M | - |
| Deferred Income Tax | - | - | $-16.50M | - |
| Change in Receivables | - | - | $-26.40M | - |
| Change in Inventory | - | - | $-24.10M | - |
| Change in Payables | - | - | $-23.30M | - |
| Operating Cash Flow | - | - | $140.00M | - |
| Capital Expenditure | - | - | $133.30M | - |
| Investing Cash Flow | - | - | $-128.00M | - |
| Debt Repayment | - | - | $103.70M | - |
| Stock Issued | - | - | $82.40M | - |
| Financing Cash Flow | - | - | $31.20M | - |
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.