$471.50M
Revenue
$17.37M
Net Income
40.30%
Gross Margin
15.47%
Op. Margin
$-100.70M
Free Cash Flow
| Breakdown | TTM (Dec 31, 2025) |
FY 2025 (Dec 31, 2025) |
FY 2024 (Dec 31, 2024) |
|---|---|---|---|
| Total Revenue | $471.50M | $471.50M | $345.25M |
| Revenue Growth % | 0.0% | 36.6% | nan% |
| Cost of Revenue | $281.47M | $281.47M | $213.14M |
| Gross Profit | $190.03M | $190.03M | $132.11M |
| Gross Margin % | 40.3% | 40.3% | 38.3% |
| Operating Expenses | $117.08M | $117.08M | $68.55M |
| Operating Income | $72.94M | $72.94M | $63.56M |
| Operating Margin % | 15.5% | 15.5% | 18.4% |
| Interest Expense | $76.85M | $45.20M | $50.90M |
| Other Income/Expense | $4.15M | $4.15M | $1.50M |
| Income Before Tax | $32.52M | $32.52M | $14.33M |
| Income Tax Expense | $15.16M | $15.16M | $1.63M |
| Net Income | $17.37M | $17.37M | $12.70M |
| Net Margin % | 3.7% | 3.7% | 3.7% |
| Basic EPS | nan | 0.13 | 0.08 |
| Diluted EPS | nan | 0.13 | 0.08 |
| Basic Shares Outstanding | - | 132.3M | 166.7M |
| Diluted Shares Outstanding | - | 132.3M | 166.7M |
| Breakdown | FY 2025 (Dec 31, 2025) |
FY 2024 (Dec 31, 2024) |
|---|---|---|
| Cash & Cash Equivalents | $33.96M | $11.53M |
| Accounts Receivable | $78.72M | $55.22M |
| Inventory | $10.66M | $9.88M |
| Other Current Assets | $11.77M | $17.86M |
| Total Current Assets | $291.40M | $201.71M |
| Property Plant & Equipment | $95.41M | $60.88M |
| Goodwill | $352.51M | $225.15M |
| Intangible Assets | $285.89M | $208.95M |
| Other Non-current Assets | $717.28M | $511.37M |
| Total Assets | $1.10B | $773.96M |
| Accounts Payable | $31.63M | $28.30M |
| Deferred Revenue | $22.81M | $29.87M |
| Other Current Liabilities | $5.09M | $12.49M |
| Total Current Liabilities | $88.67M | $114.61M |
| Deferred Tax Liabilities | $47.83M | $25.37M |
| Other Non-current Liabilities | $7.65M | $2.77M |
| Total Liabilities | $721.40M | $577.96M |
| Common Stock | $132.00K | - |
| Retained Earnings | $9.03M | $-8.34M |
| Total Stockholders Equity | $382.69M | $196.00M |
| Total Liabilities & Equity | $1.10B | $773.96M |
| Breakdown | TTM (Dec 31, 2025) |
FY 2025 (Dec 31, 2025) |
FY 2024 (Dec 31, 2024) |
|---|---|---|---|
| Net Income | $17.37M | $17.37M | $12.70M |
| Depreciation & Amortization | $71.37M | $42.74M | $32.80M |
| Stock-based Compensation | $4.23M | $1.41M | $993.14K |
| Deferred Income Tax | $10.87M | $10.52M | $-11.51M |
| Change in Receivables | $9.97M | $18.36M | $2.31M |
| Change in Inventory | $-1.93M | $-2.86M | $43.81K |
| Operating Cash Flow | $-66.66M | $-22.12M | $26.65M |
| Capital Expenditure | $34.05M | $20.34M | $15.25M |
| Acquisitions | - | $211.94M | $31.29M |
| Investing Cash Flow | $-390.26M | $-238.27M | $-46.24M |
| Financing Cash Flow | $597.40M | $282.82M | $25.67M |
| Net Change in Cash | $140.49M | $22.43M | $6.08M |
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 | $121.79M | - | $337.01M | - |
| Cost of Revenue | $71.85M | - | $200.60M | - |
| Gross Profit | $49.94M | - | $136.41M | - |
| Operating Expenses | $28.13M | - | $84.53M | - |
| Operating Income | $21.81M | - | $51.88M | - |
| Interest Expense | $10.00M | - | $33.78M | - |
| Other Income/Expense | $51.00K | - | $351.00K | - |
| Income Before Tax | $11.86M | - | $18.96M | - |
| Income Tax Expense | $4.22M | - | $9.31M | - |
| Net Income | $7.64M | $4.60M | $9.65M | - |
| Basic EPS | 0.06 | - | 0.07 | - |
| Diluted EPS | 0.06 | - | 0.07 | - |
| Basic Shares Outstanding | $132.32M | - | $132.32M | - |
| Diluted Shares Outstanding | $132.32M | - | $132.32M | - |
Condensed Consolidated Balance Sheets
| Description | Sep 30, 2025 | Dec 31, 2024 |
|---|---|---|
| Cash & Cash Equivalents | $18.66M | $11.53M |
| Accounts Receivable | $70.18M | $55.22M |
| Inventory | $15.38M | $9.88M |
| Other Current Assets | $9.36M | $17.86M |
| Total Current Assets | $260.57M | $201.71M |
| Property Plant & Equipment | $83.03M | $60.88M |
| Goodwill | $301.84M | $225.15M |
| Intangible Assets | $245.13M | $208.95M |
| Other Non-current Assets | $624.48M | $511.37M |
| Total Assets | $968.08M | $773.96M |
| Accounts Payable | $32.66M | $28.30M |
| Deferred Revenue | $18.79M | $29.87M |
| Other Current Liabilities | $6.33M | $12.49M |
| Total Current Liabilities | $91.14M | $114.61M |
| Deferred Tax Liabilities | $30.50M | $25.37M |
| Other Non-current Liabilities | $2.42M | $2.77M |
| Total Liabilities | $598.96M | $577.96M |
| Common Stock | $132.00K | - |
| Retained Earnings | $1.32M | $-8.34M |
| Total Stockholders Equity | $369.12M | $196.00M |
| Total Liabilities & Equity | $968.08M | $773.96M |
Condensed Consolidated Statements of Cash Flows
| Description | Sep 30, 2025 | Sep 30, 2025 | ||
|---|---|---|---|---|
| Current | Prior Year | Current YTD | Prior Year YTD | |
| Net Income | $7.64M | $4.60M | $9.65M | - |
| Depreciation & Amortization | - | - | $30.15M | - |
| Stock-based Compensation | - | $246.00K | $1.41M | - |
| Deferred Income Tax | - | - | $5.13M | - |
| Change in Receivables | - | - | $11.35M | - |
| Change in Inventory | - | - | $1.04M | - |
| Operating Cash Flow | - | - | $-30.82M | - |
| Capital Expenditure | - | - | $15.64M | - |
| Acquisitions | - | - | $126.28M | - |
| Investing Cash Flow | - | - | $-147.92M | - |
| Financing Cash Flow | - | - | $185.88M | - |
| Net Change in Cash | - | - | $7.13M | - |
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.