$440.45M
Revenue
$-84.62M
Net Income
43.94%
Gross Margin
-15.24%
Op. Margin
$-57.33M
Free Cash Flow
| Breakdown | TTM (Sep 30, 2025) |
FY 2024 (Dec 31, 2024) |
FY 2023 (Dec 31, 2023) |
FY 2021 (Dec 31, 2021) |
FY 2020 (Dec 31, 2020) |
|---|---|---|---|---|---|
| Total Revenue | $440.45M | $349.98M | $415.82M | $282.88M | $213.79M |
| Revenue Growth % | 25.8% | -15.8% | 47.0% | 32.3% | nan% |
| Cost of Revenue | $246.90M | $203.86M | $317.51M | $220.75M | $174.46M |
| Gross Profit | $193.56M | $146.12M | $98.31M | $62.12M | $39.33M |
| Gross Margin % | 43.9% | 41.8% | 23.6% | 22.0% | 18.4% |
| Operating Expenses | $260.69M | $225.22M | $158.02M | $116.00M | $63.27M |
| Research & Development | $77.41M | $67.26M | $58.36M | $34.58M | $19.25M |
| Selling General & Admin | - | - | - | $84.00M | $46.20M |
| Operating Income | $-67.14M | $-79.10M | $-59.71M | $-53.88M | $-23.95M |
| Operating Margin % | -15.2% | -22.6% | -14.4% | -19.0% | -11.2% |
| Interest Expense | $15.09M | $13.90M | $9.83M | $8.38M | $4.02M |
| Other Income/Expense | $2.05M | $1.15M | $-489.00K | $-1.28M | $808.00K |
| Income Before Tax | - | $-94.68M | $-79.77M | - | - |
| Income Tax Expense | $3.70M | $-4.77M | $1.99M | $-9.42M | $-2.99M |
| Net Income | $-84.62M | $-4.99M | $-69.75M | $-75.80M | $-36.56M |
| Net Margin % | -19.2% | -1.4% | -16.8% | -26.8% | -17.1% |
| Basic EPS | -2.19 | -0.14 | -2.53 | -3.02 | -1.92 |
| Diluted EPS | -2.19 | -0.14 | -2.53 | -3.02 | -1.92 |
| Basic Shares Outstanding | 40.6M | 34.2M | 27.6M | 25.1M | 19.0M |
| Diluted Shares Outstanding | 40.6M | 34.2M | 27.6M | 25.1M | 19.0M |
| Breakdown | FY 2024 (Dec 31, 2024) |
FY 2023 (Dec 31, 2023) |
FY 2021 (Dec 31, 2021) |
FY 2020 (Dec 31, 2020) |
|---|---|---|---|---|
| Cash & Cash Equivalents | $108.12M | $37.37M | $188.42M | $180.69M |
| Short-term Investments | $524.00K | $37.19M | - | - |
| Accounts Receivable | $59.73M | $63.38M | $49.98M | $42.98M |
| Inventory | $21.86M | $23.59M | $35.08M | $21.64M |
| Other Current Assets | $14.39M | $8.89M | $9.53M | $3.62M |
| Total Current Assets | $218.05M | $180.60M | $283.01M | $248.93M |
| Property Plant & Equipment | $14.11M | $15.76M | $13.71M | $13.86M |
| Goodwill | $887.46M | $489.65M | $457.31M | $41.21M |
| Intangible Assets | $237.33M | $94.85M | $118.76M | $33.12M |
| Other Non-current Assets | $15.56M | $17.66M | $11.02M | $4.06M |
| Total Assets | $1.38B | $802.61M | $888.15M | $343.75M |
| Accounts Payable | $34.78M | $29.81M | $20.84M | $12.79M |
| Accrued Liabilities | $13.94M | $10.44M | $5.04M | $2.61M |
| Deferred Revenue | $24.94M | $9.30M | $14.39M | $9.51M |
| Total Current Liabilities | $111.84M | $80.23M | $60.52M | $39.96M |
| Long-term Debt | $368.36M | $377.65M | $305.85M | $105.84M |
| Other Non-current Liabilities | $21.24M | $4.64M | $7.41M | $5.00M |
| Total Liabilities | $509.02M | $469.54M | $383.80M | $155.34M |
| Common Stock | $798.00K | $584.00K | $562.00K | $459.00K |
| Retained Earnings | $-279.94M | $-274.96M | $-122.50M | $-46.71M |
| Treasury Stock | $21.85M | $16.78M | $10.95M | $4.99M |
| Total Stockholders Equity | $871.71M | $333.06M | $504.35M | $188.41M |
| Total Liabilities & Equity | $1.38B | $802.61M | $888.15M | $343.75M |
| Breakdown | TTM (Sep 30, 2025) |
FY 2024 (Dec 31, 2024) |
FY 2023 (Dec 31, 2023) |
FY 2021 (Dec 31, 2021) |
FY 2020 (Dec 31, 2020) |
|---|---|---|---|---|---|
| Net Income | $-84.62M | $-4.99M | $-69.75M | $-75.80M | $-36.56M |
| Depreciation & Amortization | $84.15M | $37.91M | $27.48M | $21.42M | $10.10M |
| Stock-based Compensation | $53.04M | $24.49M | $14.43M | $14.62M | $4.25M |
| Deferred Income Tax | - | $-8.49M | $197.00K | - | - |
| Change in Receivables | $38.51M | $10.50M | $4.16M | $-1.83M | $1.53M |
| Change in Inventory | $7.69M | $-1.77M | $-16.01M | $13.55M | $4.48M |
| Change in Payables | $-3.64M | $4.28M | $6.31M | $4.91M | $-4.18M |
| Operating Cash Flow | $-53.00M | $-25.25M | $-17.07M | $-53.16M | $-20.24M |
| Capital Expenditure | $4.33M | $970.00K | $5.52M | $1.44M | $1.30M |
| Acquisitions | $28.77M | $309.37M | $1.90M | $374.70M | - |
| Investing Cash Flow | $-26.28M | $-180.11M | $-7.78M | $-382.99M | $-9.04M |
| Stock Issued | - | $194.49M | - | $215.00M | $131.41M |
| Stock Repurchased | - | - | - | $5.32M | $297.00K |
| Financing Cash Flow | $32.88M | $278.51M | $-1.62M | $443.61M | $180.69M |
| Net Change in Cash | $-44.76M | $74.01M | $-29.99M | $7.73M | $152.65M |
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 | $119.18M | - | $335.45M | - |
| Cost of Revenue | $69.97M | - | $186.90M | - |
| Gross Profit | $49.22M | - | $148.55M | - |
| Operating Expenses | $66.87M | - | $199.26M | - |
| Research & Development | $19.28M | - | $59.98M | - |
| Operating Income | $-17.65M | - | $-50.71M | - |
| Interest Expense | - | - | $2.27M | - |
| Other Income/Expense | $664.00K | - | $-808.00K | - |
| Income Tax Expense | $-277.00K | - | $1.95M | - |
| Net Income | $-18.18M | $54.19M | $-63.57M | - |
| Basic EPS | -0.45 | - | -1.58 | - |
| Diluted EPS | -0.45 | - | -1.58 | - |
| Basic Shares Outstanding | $40.58M | - | $40.43M | - |
| Diluted Shares Outstanding | $40.58M | - | $40.43M | - |
Condensed Consolidated Balance Sheets
| Description | Sep 30, 2025 | Dec 31, 2024 |
|---|---|---|
| Cash & Cash Equivalents | $92.47M | $108.12M |
| Short-term Investments | $541.00K | $524.00K |
| Accounts Receivable | $70.55M | $59.73M |
| Inventory | $25.44M | $21.86M |
| Other Current Assets | $23.64M | $14.39M |
| Total Current Assets | $227.05M | $218.05M |
| Property Plant & Equipment | $13.57M | $14.11M |
| Goodwill | $898.45M | $887.46M |
| Intangible Assets | $216.99M | $237.33M |
| Other Non-current Assets | $12.55M | $15.56M |
| Total Assets | $1.38B | $1.38B |
| Accounts Payable | $31.97M | $34.78M |
| Accrued Liabilities | $10.79M | $13.94M |
| Deferred Revenue | $33.86M | $24.94M |
| Total Current Liabilities | $133.87M | $111.84M |
| Long-term Debt | $373.51M | $368.36M |
| Other Non-current Liabilities | $23.19M | $21.24M |
| Total Liabilities | $539.33M | $509.02M |
| Common Stock | $835.00K | $798.00K |
| Retained Earnings | $-343.51M | $-279.94M |
| Treasury Stock | $28.89M | $21.85M |
| Total Stockholders Equity | $838.05M | $871.71M |
| Total Liabilities & Equity | $1.38B | $1.38B |
Condensed Consolidated Statements of Cash Flows
| Description | Sep 30, 2025 | Sep 30, 2025 | ||
|---|---|---|---|---|
| Current | Prior Year | Current YTD | Prior Year YTD | |
| Net Income | $-18.18M | $54.19M | $-63.57M | - |
| Depreciation & Amortization | - | - | $36.77M | - |
| Stock-based Compensation | - | - | $22.89M | - |
| Change in Receivables | - | - | $13.84M | - |
| Change in Inventory | - | - | $4.06M | - |
| Change in Payables | - | - | $-3.39M | - |
| Operating Cash Flow | - | - | $-15.41M | - |
| Capital Expenditure | - | - | $2.54M | - |
| Acquisitions | - | - | $4.32M | - |
| Investing Cash Flow | - | - | $-10.89M | - |
| Stock Issued | - | - | - | - |
| Financing Cash Flow | - | - | $11.51M | - |
| Net Change in Cash | - | - | $-14.65M | - |
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.