$106.56M
Revenue
$-110.56M
Net Income
4.18%
Gross Margin
-72.14%
Op. Margin
$-116.10M
Free Cash Flow
| Breakdown | TTM (Dec 31, 2025) |
FY 2025 (Dec 31, 2025) |
FY 2024 (Dec 31, 2024) |
FY 2023 (Dec 31, 2023) |
|---|---|---|---|---|
| Total Revenue | $106.56M | $106.56M | $119.42M | $60.51M |
| Revenue Growth % | 0.0% | -10.8% | 97.4% | nan% |
| Cost of Revenue | $102.11M | $102.38M | $109.93M | $61.92M |
| Gross Profit | $4.45M | $4.18M | $9.49M | $-1.41M |
| Gross Margin % | 4.2% | 3.9% | 7.9% | -2.3% |
| Operating Expenses | $183.43M | $183.43M | $179.68M | $257.27M |
| Operating Income | $-76.87M | $-76.87M | $-60.26M | $-196.77M |
| Operating Margin % | -72.1% | -72.1% | -50.5% | -325.2% |
| Interest Expense | $13.21M | $13.21M | $8.62M | $2.97M |
| Other Income/Expense | $-8.38M | $-8.38M | $12.00K | $-3.71M |
| Income Before Tax | $-110.94M | $-110.94M | $-75.19M | $-254.00M |
| Income Tax Expense | $-380.00K | $-380.00K | $-287.00K | $-3.30M |
| Net Income | $-110.56M | $-110.56M | $-74.91M | $-250.70M |
| Net Margin % | -103.8% | -103.8% | -62.7% | -414.3% |
| Basic EPS | nan | -3.15 | -5.80 | -6.35 |
| Diluted EPS | nan | -3.15 | -5.80 | -6.35 |
| Basic Shares Outstanding | 8.3M | 35.1M | 12.9M | 39.5M |
| Diluted Shares Outstanding | 8.3M | 35.1M | 12.9M | 39.5M |
| Breakdown | FY 2025 (Dec 31, 2025) |
FY 2024 (Dec 31, 2024) |
FY 2023 (Dec 31, 2023) |
|---|---|---|---|
| Cash & Cash Equivalents | $12.67M | $21.11M | $1.72M |
| Accounts Receivable | $3.93M | $4.26M | $4.96M |
| Other Current Assets | $14.32M | $8.51M | $11.05M |
| Total Current Assets | $30.92M | $33.88M | $17.74M |
| Property Plant & Equipment | $45.59M | $42.21M | $45.99M |
| Intangible Assets | $20.07M | $23.12M | $26.66M |
| Other Non-current Assets | $11.69M | $6.12M | $5.73M |
| Total Assets | $131.68M | $124.06M | $110.99M |
| Accounts Payable | $18.44M | $17.98M | $18.85M |
| Deferred Revenue | $17.92M | $17.39M | $19.01M |
| Other Current Liabilities | - | - | $300.00K |
| Total Current Liabilities | $133.61M | $89.61M | $140.11M |
| Long-term Debt | $17.10M | $62.43M | $20.62M |
| Other Non-current Liabilities | $3.87M | $24.27M | $19.43M |
| Total Liabilities | $186.54M | $244.06M | $188.47M |
| Common Stock | $7.00K | $2.00K | $8.00K |
| Retained Earnings | $-788.00M | $-677.44M | $-602.53M |
| Total Stockholders Equity | $-54.86M | $-120.00M | $-77.48M |
| Total Liabilities & Equity | $131.68M | $124.06M | $110.99M |
| Breakdown | TTM (Dec 31, 2025) |
FY 2025 (Dec 31, 2025) |
FY 2024 (Dec 31, 2024) |
FY 2023 (Dec 31, 2023) |
|---|---|---|---|---|
| Net Income | $-110.56M | $-110.56M | $-74.91M | $-250.70M |
| Depreciation & Amortization | $11.44M | $9.29M | $8.34M | $3.76M |
| Deferred Income Tax | $-550.00K | $-380.00K | $-287.00K | $-3.32M |
| Change in Receivables | $1.20M | $-328.00K | $-708.00K | $262.00K |
| Change in Payables | $6.67M | $2.49M | $9.53M | $2.66M |
| Operating Cash Flow | $-106.41M | $-64.16M | $-54.32M | $-64.37M |
| Capital Expenditure | $9.69M | $5.94M | $11.76M | $7.59M |
| Investing Cash Flow | $-5.95M | $-5.71M | $-3.61M | $-7.10M |
| Stock Issued | - | $51.39M | - | $25.00M |
| Financing Cash Flow | $104.85M | $70.96M | $77.17M | $72.99M |
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 | $29.17M | $28.39M | $80.11M | $91.38M |
| Cost of Revenue | $27.66M | $27.50M | $76.70M | $83.71M |
| Operating Expenses | $45.67M | $37.02M | $131.11M | $159.74M |
| Operating Income | $-16.50M | $-8.64M | $-51.00M | $-68.36M |
| Interest Expense | $3.25M | $2.09M | $10.92M | $5.67M |
| Other Income/Expense | $-105.00K | $-265.00K | $-2.21M | $-316.00K |
| Income Before Tax | $-27.27M | $-12.24M | $-73.86M | $-76.27M |
| Income Tax Expense | $-62.00K | $-14.00K | $-179.00K | $-95.00K |
| Net Income | $-27.21M | $-12.22M | $-73.68M | $-76.17M |
| Basic EPS | -0.64 | -0.94 | -2.74 | -6.40 |
| Diluted EPS | -0.64 | -0.94 | -2.74 | -6.40 |
| Basic Shares Outstanding | $42.43M | $12.97M | $26.85M | $11.91M |
| Diluted Shares Outstanding | $42.43M | $12.97M | $26.85M | $11.91M |
Condensed Consolidated Balance Sheets
| Description | Sep 30, 2025 | Dec 31, 2024 |
|---|---|---|
| Cash & Cash Equivalents | $7.06M | $21.11M |
| Accounts Receivable | $5.04M | $4.26M |
| Other Current Assets | $9.91M | $8.51M |
| Total Current Assets | $22.01M | $33.88M |
| Property Plant & Equipment | $43.53M | $42.21M |
| Intangible Assets | $20.80M | $23.12M |
| Other Non-current Assets | $5.78M | $6.12M |
| Total Assets | $106.79M | $124.06M |
| Accounts Payable | $16.40M | $17.98M |
| Deferred Revenue | $15.97M | $17.39M |
| Total Current Liabilities | $88.12M | $89.61M |
| Long-term Debt | $61.14M | $59.88M |
| Other Non-current Liabilities | $18.09M | $24.27M |
| Total Liabilities | $199.34M | $244.06M |
| Common Stock | $5.00K | $2.00K |
| Retained Earnings | $-751.12M | $-677.44M |
| Total Stockholders Equity | $-92.56M | $-120.00M |
| Total Liabilities & Equity | $106.79M | $124.06M |
Condensed Consolidated Statements of Cash Flows
| Description | Sep 30, 2025 | Sep 30, 2025 | ||
|---|---|---|---|---|
| Current | Prior Year | Current YTD | Prior Year YTD | |
| Net Income | $-27.21M | $-12.22M | $-73.68M | $-76.17M |
| Depreciation & Amortization | $2.42M | $2.12M | $7.01M | $6.16M |
| Deferred Income Tax | - | - | $-179.00K | $-95.00K |
| Change in Receivables | - | - | $778.00K | $-605.00K |
| Change in Payables | - | - | $2.41M | $13.57M |
| Operating Cash Flow | - | - | $-45.79M | $-30.74M |
| Capital Expenditure | - | - | $4.22M | $2.67M |
| Investing Cash Flow | - | - | $-3.30M | $-4.46M |
| Stock Issued | - | - | $31.39M | - |
| Financing Cash Flow | - | - | $34.53M | $33.90M |
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.