$5.74B
Revenue
$-100.00M
Net Income
19.70%
Gross Margin
-1.38%
Op. Margin
$-33.00M
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 | $5.74B | $5.74B | $4.55B | $3.93B | $4.80B |
| Revenue Growth % | 0.0% | 26.2% | 15.9% | -18.1% | nan% |
| Cost of Revenue | $4.61B | $4.61B | $3.56B | $2.97B | $3.62B |
| Gross Profit | $1.13B | $1.13B | $985.00M | $960.00M | $1.17B |
| Gross Margin % | 19.7% | 19.7% | 21.6% | 24.4% | 24.4% |
| Selling General & Admin | $832.00M | $832.00M | $666.00M | $591.00M | $640.00M |
| Operating Income | $-79.00M | $-79.00M | $-56.00M | $39.00M | $123.00M |
| Operating Margin % | -1.4% | -1.4% | -1.2% | 1.0% | 2.6% |
| Interest Expense | - | $32.00M | $27.00M | $32.00M | - |
| Other Income/Expense | - | - | $-219.00M | $-2.00M | - |
| Income Before Tax | $-115.00M | $-115.00M | $-304.00M | $4.00M | $119.00M |
| Income Tax Expense | $-15.00M | $-15.00M | $-14.00M | - | $27.00M |
| Net Income | $-100.00M | $-100.00M | $-290.00M | $4.00M | $92.00M |
| Net Margin % | -1.7% | -1.7% | -6.4% | 0.1% | 1.9% |
| Basic EPS | -0.58 | -0.59 | -2.17 | 0.03 | 0.80 |
| Diluted EPS | -0.58 | -0.59 | -2.17 | 0.03 | 0.79 |
| Basic Shares Outstanding | - | 168.5M | 133.4M | 116.9M | 115.3M |
| Diluted Shares Outstanding | - | 168.5M | 133.4M | 119.5M | 115.8M |
| Breakdown | FY 2025 (Dec 31, 2025) |
FY 2024 (Dec 31, 2024) |
FY 2023 (Dec 31, 2023) |
FY 2022 (Dec 31, 2022) |
|---|---|---|---|---|
| Cash & Cash Equivalents | $17.00M | $35.00M | $5.00M | $98.00M |
| Accounts Receivable | $1.23B | $1.23B | $743.00M | $900.00M |
| Other Current Assets | $74.00M | $77.00M | $48.00M | $31.00M |
| Total Current Assets | $1.32B | $1.34B | $796.00M | $1.03B |
| Property Plant & Equipment | $134.00M | $135.00M | - | - |
| Goodwill | $1.11B | $1.12B | $630.00M | $630.00M |
| Intangible Assets | $453.00M | $499.00M | $68.00M | $79.00M |
| Other Non-current Assets | $24.00M | $42.00M | $12.00M | $15.00M |
| Total Assets | $3.28B | $3.41B | $1.82B | $2.03B |
| Accounts Payable | $539.00M | $568.00M | $414.00M | $501.00M |
| Short-term Debt | $17.00M | $17.00M | $3.00M | $4.00M |
| Accrued Liabilities | $397.00M | $373.00M | $199.00M | $256.00M |
| Other Current Liabilities | $10.00M | $26.00M | $13.00M | $14.00M |
| Total Current Liabilities | $1.04B | $1.06B | $682.00M | $823.00M |
| Long-term Debt | $387.00M | $351.00M | $356.00M | $451.00M |
| Deferred Tax Liabilities | $51.00M | $88.00M | $7.00M | $16.00M |
| Other Non-current Liabilities | $69.00M | $83.00M | $40.00M | $40.00M |
| Common Stock | $2.00M | $2.00M | $1.00M | $1.00M |
| Retained Earnings | $-384.00M | $-284.00M | $6.00M | $2.00M |
| Total Stockholders Equity | $1.54B | $1.61B | $594.00M | $587.00M |
| Total Liabilities & Equity | $3.28B | $3.41B | $1.82B | $2.03B |
| 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 | $-100.00M | $-100.00M | $-290.00M | $4.00M | $92.00M |
| Depreciation & Amortization | $148.00M | $116.00M | $87.00M | $67.00M | $86.00M |
| Stock-based Compensation | $50.00M | $29.00M | $23.00M | $19.00M | $32.00M |
| Deferred Income Tax | $-45.00M | $-21.00M | $-19.00M | $-8.00M | $-20.00M |
| Change in Receivables | $-230.00M | $5.00M | $109.00M | $-158.00M | $-92.00M |
| Change in Payables | $-165.00M | $-16.00M | $-65.00M | $-86.00M | $-14.00M |
| Operating Cash Flow | $70.00M | $51.00M | $-12.00M | $89.00M | $310.00M |
| Capital Expenditure | $103.00M | $59.00M | $45.00M | $64.00M | $57.00M |
| Acquisitions | $30.00M | $10.00M | $1.02B | - | - |
| Investing Cash Flow | $-139.00M | $-71.00M | $-1.06B | $-66.00M | $-56.00M |
| Stock Repurchased | - | - | - | $2.00M | - |
| Financing Cash Flow | $12.00M | $1.00M | $1.11B | $-117.00M | $-183.00M |
| Net Change in Cash | $-52.00M | $-17.00M | $30.00M | $-93.00M | $69.00M |
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 | $1.42B | $1.04B | $4.27B | $2.88B |
| Cost of Revenue | $1.14B | $809.00M | $3.41B | $2.21B |
| Selling General & Admin | $208.00M | $149.00M | $632.00M | $448.00M |
| Operating Income | $-7.00M | $-20.00M | $-37.00M | $-32.00M |
| Other Income/Expense | $1.00M | $-216.00M | $-1.00M | $-217.00M |
| Income Before Tax | $-15.00M | $-242.00M | $-64.00M | $-271.00M |
| Income Tax Expense | $-1.00M | $1.00M | $-10.00M | $-6.00M |
| Net Income | $-14.00M | $-243.00M | $-54.00M | $-265.00M |
| Basic EPS | -0.08 | -1.81 | -0.32 | -2.15 |
| Diluted EPS | -0.08 | -1.81 | -0.32 | -2.15 |
| Basic Shares Outstanding | $168.58M | $134.09M | $168.38M | $123.00M |
| Diluted Shares Outstanding | $168.58M | $134.09M | $168.38M | $123.00M |
Condensed Consolidated Balance Sheets
| Description | Sep 30, 2025 | Dec 31, 2024 |
|---|---|---|
| Cash & Cash Equivalents | $25.00M | $35.00M |
| Accounts Receivable | $1.10B | $1.23B |
| Other Current Assets | $72.00M | $77.00M |
| Total Current Assets | $1.20B | $1.34B |
| Goodwill | $1.12B | $1.12B |
| Intangible Assets | $463.00M | $499.00M |
| Other Non-current Assets | $23.00M | $42.00M |
| Total Assets | $3.20B | $3.41B |
| Accounts Payable | $481.00M | $568.00M |
| Short-term Debt | $16.00M | $17.00M |
| Accrued Liabilities | $321.00M | $373.00M |
| Other Current Liabilities | $12.00M | $26.00M |
| Total Current Liabilities | $907.00M | $1.06B |
| Long-term Debt | $387.00M | $351.00M |
| Deferred Tax Liabilities | $54.00M | $88.00M |
| Other Non-current Liabilities | $71.00M | $83.00M |
| Common Stock | $2.00M | $2.00M |
| Retained Earnings | $-338.00M | $-284.00M |
| Total Stockholders Equity | $1.58B | $1.61B |
| Total Liabilities & Equity | $3.20B | $3.41B |
Condensed Consolidated Statements of Cash Flows
| Description | Sep 30, 2025 | Sep 30, 2025 | ||
|---|---|---|---|---|
| Current | Prior Year | Current YTD | Prior Year YTD | |
| Net Income | $-14.00M | $-243.00M | $-54.00M | $-265.00M |
| Depreciation & Amortization | $26.00M | $21.00M | $88.00M | $54.00M |
| Stock-based Compensation | - | - | $22.00M | $17.00M |
| Deferred Income Tax | - | - | $-15.00M | $-12.00M |
| Change in Receivables | - | - | $-120.00M | $8.00M |
| Change in Payables | - | - | $-74.00M | $-47.00M |
| Operating Cash Flow | - | - | $44.00M | $-5.00M |
| Capital Expenditure | - | - | $43.00M | $33.00M |
| Acquisitions | - | - | $10.00M | $1.02B |
| Investing Cash Flow | - | - | $-56.00M | $-1.05B |
| Stock Issued | - | - | $-1.00M | $-30.00M |
| Financing Cash Flow | - | - | $1.00M | $1.11B |
| Net Change in Cash | - | - | $-9.00M | $50.00M |
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.