$440.45M
Revenue
$-84.62M
Net Income
43.94%
Gross Margin
-15.24%
Op. Margin
$-57.33M
Free Cash Flow
| Breakdown | 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) |
Q4 2023 (Dec 31, 2023) |
Q3 2023 (Sep 30, 2023) |
Q2 2023 (Jun 30, 2023) |
Q1 2023 (Mar 31, 2023) |
Q3 2022 (Sep 30, 2022) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | $119.18M | $112.40M | $103.86M | $105.00M | $96.75M | $78.15M | $105.50M | $107.71M | $107.13M | $100.54M | $100.44M | $92.77M |
| Revenue Growth % (YoY) | 23.2% | 43.8% | -1.6% | -2.5% | -9.7% | -22.3% | 5.0% | nan% | 15.5% | nan% | nan% | nan% |
| Cost of Revenue | $69.97M | $61.41M | $55.52M | $60.00M | $53.72M | $46.12M | $76.93M | $81.31M | $78.95M | $80.01M | $77.24M | $71.36M |
| Gross Profit | $49.22M | $50.99M | $48.34M | $45.01M | $43.03M | $32.03M | $28.56M | $26.40M | $28.19M | $20.53M | $23.19M | $21.41M |
| Gross Margin % | 41.3% | 45.4% | 46.5% | 42.9% | 44.5% | 41.0% | 27.1% | 24.5% | 26.3% | 20.4% | 23.1% | 23.1% |
| Operating Expenses | $66.87M | $68.30M | $64.09M | $61.43M | $58.23M | $52.76M | $53.23M | $41.41M | $41.37M | $38.18M | $37.06M | $39.85M |
| Research & Development | $19.28M | $20.93M | $19.77M | $17.43M | $17.82M | $16.24M | $15.77M | $14.49M | $14.66M | $14.89M | $14.31M | $12.84M |
| Selling General & Admin | - | - | - | - | - | - | - | - | $26.25M | $25.63M | $27.48M | $26.54M |
| Operating Income | $-17.65M | $-17.31M | $-15.75M | $-16.43M | $-15.19M | $-20.73M | $-24.67M | $-15.01M | $-13.19M | $-17.65M | $-13.86M | $-18.44M |
| Operating Margin % | -14.8% | -15.4% | -15.2% | -15.6% | -15.7% | -26.5% | -23.4% | -13.9% | -12.3% | -17.6% | -13.8% | -19.9% |
| Interest Expense | $2.27M | $2.27M | $349.00K | $10.19M | $3.71M | $3.71M | - | $5.81M | $4.02M | $106.00K | - | $20.00K |
| Other Income/Expense | $664.00K | $-1.38M | $-91.00K | $2.86M | $-1.40M | $-610.00K | $306.00K | $-152.00K | $-373.00K | $95.00K | $-59.00K | $-179.00K |
| Income Tax Expense | $-277.00K | $944.00K | $1.28M | $1.75M | $653.00K | $612.00K | $-7.79M | $1.06M | $206.00K | $409.00K | $315.00K | $578.00K |
| Net Income | $-18.18M | $-21.04M | $-24.35M | $-21.06M | $-19.83M | $54.19M | $-18.29M | $-18.63M | $-15.52M | $-19.70M | $-15.90M | $-21.34M |
| Net Margin % | -15.3% | -18.7% | -23.4% | -20.1% | -20.5% | 69.3% | -17.3% | -17.3% | -14.5% | -19.6% | -15.8% | -23.0% |
| Basic EPS | -0.45 | -0.52 | -0.60 | -0.62 | -0.56 | 1.60 | -0.62 | -0.67 | -0.56 | -0.72 | -0.58 | -0.79 |
| Diluted EPS | -0.45 | -0.52 | -0.60 | -0.62 | -0.56 | 1.60 | -0.62 | -0.67 | -0.56 | -0.72 | -0.58 | -0.79 |
| Basic Shares Outstanding | 40.6M | 40.5M | 40.2M | 224K | 35.9M | 34.0M | 29.5M | 140K | 27.5M | 27.4M | 27.3M | 27.1M |
| Diluted Shares Outstanding | 40.6M | 40.5M | 40.2M | 224K | 35.9M | 34.0M | 29.5M | 140K | 27.5M | 27.4M | 27.3M | 27.1M |
| Breakdown | 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) |
Q4 2023 (Dec 31, 2023) |
Q3 2023 (Sep 30, 2023) |
Q2 2023 (Jun 30, 2023) |
Q1 2023 (Mar 31, 2023) |
Q3 2022 (Sep 30, 2022) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Cash Equivalents | $92.47M | $85.12M | $91.65M | $108.12M | $105.80M | $114.93M | $50.78M | $37.37M | $43.14M | $44.16M | $48.66M | $89.50M |
| Short-term Investments | $541.00K | $567.00K | $531.00K | $524.00K | $12.58M | $27.53M | $21.73M | $37.19M | $36.72M | $41.23M | $40.75M | $40.02M |
| Accounts Receivable | $70.55M | $72.33M | $70.01M | $59.73M | $60.30M | $50.20M | $69.96M | $63.38M | $66.44M | $62.89M | $66.49M | $54.84M |
| Inventory | $25.44M | $27.43M | $23.22M | $21.86M | $23.91M | $25.53M | $25.05M | $23.59M | $24.19M | $26.51M | $32.45M | $39.71M |
| Other Current Assets | $23.64M | $16.17M | $16.43M | $14.39M | $14.74M | $9.43M | $14.21M | $8.89M | $9.52M | $8.96M | $11.09M | $9.19M |
| Total Current Assets | $227.05M | $219.29M | $219.90M | $218.05M | $232.60M | $246.80M | $194.28M | $180.60M | $188.76M | $192.78M | $206.87M | $233.26M |
| Property Plant & Equipment | $13.57M | $13.32M | $13.87M | $14.11M | $14.87M | $14.45M | $15.36M | $15.76M | $16.11M | $14.97M | $13.24M | $12.84M |
| Goodwill | $898.45M | $906.36M | $890.49M | $887.46M | $803.08M | $623.88M | $619.63M | $489.65M | $487.07M | $487.65M | $487.08M | $485.12M |
| Intangible Assets | $216.99M | $229.44M | $234.06M | $237.33M | $226.05M | $148.29M | $157.71M | $94.85M | $96.56M | $101.64M | $106.20M | $116.24M |
| Other Non-current Assets | $12.55M | $15.99M | $15.51M | $15.56M | $15.02M | $17.69M | $18.30M | $17.66M | $16.40M | $15.45M | $15.27M | $14.55M |
| Total Assets | $1.38B | $1.39B | $1.38B | $1.38B | $1.30B | $1.06B | $1.01B | $802.61M | $809.21M | $816.48M | $832.30M | $864.74M |
| Accounts Payable | $31.97M | $38.62M | $32.22M | $34.78M | $35.19M | $30.68M | $39.83M | $29.81M | $27.23M | $27.16M | $28.21M | $24.60M |
| Accrued Liabilities | $10.79M | $7.73M | $11.49M | $13.94M | $8.31M | $4.05M | $11.15M | $10.44M | $10.58M | $6.00M | $7.60M | $5.19M |
| Deferred Revenue | $33.86M | $24.43M | $31.41M | $24.94M | $30.44M | $14.29M | $14.71M | $9.30M | $10.07M | $11.35M | $9.10M | $12.69M |
| Total Current Liabilities | $133.87M | $128.94M | $107.50M | $111.84M | $109.34M | $79.10M | $93.72M | $80.23M | $87.25M | $83.50M | $64.80M | $65.76M |
| Long-term Debt | $373.51M | $372.85M | $392.27M | $368.36M | $466.74M | $378.67M | $378.15M | $377.65M | $377.15M | $376.66M | $389.71M | $388.68M |
| Other Non-current Liabilities | $23.19M | $24.13M | $22.72M | $21.24M | $23.20M | $4.17M | $4.83M | $4.64M | $4.67M | $6.67M | $9.11M | $19.61M |
| Total Liabilities | $539.33M | $532.60M | $529.55M | $509.02M | $606.57M | $468.36M | $482.51M | $469.54M | $476.47M | $474.27M | $472.42M | $481.65M |
| Common Stock | $835.00K | $835.00K | $833.00K | $798.00K | $749.00K | $705.00K | $703.00K | $584.00K | $574.00K | $572.00K | $572.00K | $569.00K |
| Retained Earnings | $-343.51M | $-325.33M | $-304.29M | $-279.94M | $-258.89M | $-239.05M | $-293.24M | $-274.96M | $-256.33M | $-240.81M | $-221.11M | $-191.72M |
| Treasury Stock | $28.89M | $28.89M | $28.86M | $21.85M | $21.85M | $21.83M | $21.62M | $16.78M | - | - | $16.57M | $13.66M |
| Total Stockholders Equity | $838.05M | $859.14M | $852.00M | $871.71M | $692.71M | $588.32M | $526.40M | $333.06M | $332.74M | $342.22M | $359.88M | $383.09M |
| Total Liabilities & Equity | $1.38B | $1.39B | $1.38B | $1.38B | $1.30B | $1.06B | $1.01B | $802.61M | $809.21M | $816.48M | $832.30M | $864.74M |
| Breakdown | 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) |
Q4 2023 (Dec 31, 2023) |
Q3 2023 (Sep 30, 2023) |
Q2 2023 (Jun 30, 2023) |
Q1 2023 (Mar 31, 2023) |
Q3 2022 (Sep 30, 2022) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $-18.18M | $-21.04M | $-24.35M | $-21.06M | $-19.83M | $54.19M | $-18.29M | $-18.63M | $-15.52M | $-35.61M | $-15.90M | $-21.34M |
| Depreciation & Amortization | $36.77M | $24.30M | $11.88M | $11.21M | $26.70M | $16.13M | $7.23M | $7.00M | $20.48M | $13.81M | $6.93M | $19.62M |
| Stock-based Compensation | $22.89M | $15.07M | $7.18M | $7.90M | $16.58M | $10.70M | $4.41M | $3.79M | $10.64M | $6.67M | $3.06M | $10.26M |
| Change in Receivables | $13.84M | $14.52M | $11.36M | $-1.20M | $11.70M | $7.96M | $5.09M | $-3.19M | $7.34M | $3.69M | $7.03M | $5.82M |
| Change in Inventory | $4.06M | $4.87M | $840.00K | $-2.08M | $314.00K | $2.67M | $1.60M | $-1.41M | $-14.61M | $-10.80M | $-5.05M | $6.68M |
| Change in Payables | $-3.39M | $3.40M | $-2.96M | $-684.00K | $4.96M | $4.66M | $9.52M | $2.93M | $3.38M | $3.09M | $4.06M | $3.58M |
| Operating Cash Flow | $-15.41M | $-23.80M | $-17.17M | $3.38M | $-28.62M | $-37.42M | $-23.58M | $1.41M | $-18.49M | $-12.79M | $-16.75M | $-33.58M |
| Capital Expenditure | $2.54M | $1.20M | $413.00K | $179.00K | $791.00K | $407.00K | $45.00K | $496.00K | $5.02M | $3.24M | $823.00K | $812.00K |
| Acquisitions | $4.32M | $4.32M | $4.32M | $15.80M | $293.57M | $166.29M | $166.29M | $1.90M | - | - | - | $18.80M |
| Investing Cash Flow | $-10.89M | $-7.69M | $-5.68M | $-2.01M | $-178.10M | $-72.91M | $-151.86M | $-2.97M | $-4.81M | $-6.17M | $-1.77M | $-64.34M |
| Stock Issued | - | - | - | - | $194.49M | $194.49M | $194.49M | - | - | - | - | - |
| Financing Cash Flow | $11.51M | $11.44M | $10.74M | $-810.00K | $279.32M | $191.50M | $190.76M | $215.00K | $-1.83M | $-2.48M | $-2.43M | $-1.97M |
| Net Change in Cash | $-14.65M | $-18.75M | $-11.83M | $475.00K | $73.53M | $81.03M | $15.80M | $-4.36M | $-25.64M | $-24.35M | $-21.45M | $-98.92M |
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-Q filings.
Quarterly data represents single quarter results (Q1-Q4). Some items may show year-to-date values if quarterly breakdown is unavailable.