Earnings History
EPS actual vs estimate, surprise %, beat rate, next earnings date
14
Avg Surprise-764.1%
Next ReportNov 09, 2026
Period
Report
EPS Actual
EPS Est
Surprise
June 30, 2026
Aug 10, 2026
$0.21
$-0.36
158.5%
March 31, 2026
$-0.43
$-0.49
13.1%
Dec. 31, 2025
$-0.66
$0.00
—
Sept. 30, 2025
$-0.13
—
—
June 30, 2025
$-0.66
—
—
June 30, 2023
$-1.91
$0.08
-2463.9%
Full Fundamentals
All metrics by year — income statement, balance sheet, cash flow
15
Income Statement13
Metric
Trend
2025
2024
2023
Revenue
$562M
$430M
$459M
Cost of Revenue
$149M
$115M
$112M
SG&A Expense
$61M
$56M
$42M
Operating Expenses
$490M
$472M
$382M
Interest Expense
$95M
$115M
$141M
Pretax Income
$-2M
$34M
$-39M
Income Tax
$-501.0K
$147M
$322.0K
Net Income
$-6M
$-122M
$-52M
EPS (Basic)
$-1.61
$-12.78
$-6.11
EPS (Diluted)
$-1.61
$-12.78
$-6.11
Shares (Basic)
12,133,000
10,600,000
10,334,000
Shares (Diluted)
12,133,000
10,600,000
10,334,000
EBITDA
$114M
$101M
·
Balance Sheet25
Metric
Trend
2025
2024
2023
Cash & Equivalents
$9M
$23M
$14M
Receivables
$70M
$77M
$76M
Other Current Assets
$7M
$16M
$6M
Current Assets
$97M
$118M
$98M
PP&E (Net)
$1.84B
$1.79B
$1.70B
PP&E (Gross)
$2.59B
$2.51B
$2.47B
Accum. Depreciation
$749M
$725M
$770M
Intangibles
$154M
$154M
$176M
Other Non-current Assets
$27M
$32M
$35M
Total Assets
$2.39B
$2.36B
$2.49B
Accounts Payable
$32M
$25M
$23M
Accrued Liabilities
$24M
$38M
$32M
Current Liabilities
$177M
$175M
$134M
Capital Leases
$4M
$3M
$7M
Deferred Tax
$74M
$63M
$1M
Other Non-current Liabilities
$7M
$20M
$29M
Total Liabilities
$1.30B
$1.26B
$1.65B
Long-term Debt
$1.05B
$994M
$1.47B
Total Debt
$1.05B
$994M
·
Common Stock
$122.0K
$106.0K
·
Paid-in Capital
$638M
$541M
$0
Retained Earnings
$-203M
$-183M
$0
Stockholders' Equity
$546M
$468M
$719M
Liabilities + Equity
$2.39B
$2.36B
$2.49B
Shares Outstanding
12,262,320
10,659,220
0
Cash Flow11
Metric
Trend
2025
2024
2023
D&A
$114M
$101M
$123M
Stock-based Comp
$8M
$9M
$7M
Deferred Tax
$-701.0K
$147M
$0
Other Non-cash
$18M
$-72M
·
Operating Cash Flow
$134M
$62M
$127M
CapEx
$89M
$54M
$69M
Investing Cash Flow
$-163M
$487M
$-75M
Financing Cash Flow
$24M
$-540M
$-49M
Net Change in Cash
$-6M
$9M
$3M
Free Cash Flow
$45M
$8M
·
Levered FCF
$-30M
$398M
·
Profitability5
Metric
Trend
2025
2024
2023
Net Margin
-1.1%
-28.4%
·
Pretax Margin
-0.43%
7.8%
·
EBITDA Margin
20.3%
23.4%
·
ROA
-0.25%
-5.0%
·
ROE
-1.2%
-20.6%
·
Liquidity & Solvency4
Metric
Trend
2025
2024
2023
Current Ratio
0.5
0.7
·
Quick Ratio
0.4
0.6
·
Debt / Equity
1.9
2.1
·
LT Debt / Equity
1.9
2.1
·
Efficiency2
Metric
Trend
2025
2024
2023
Asset Turnover
0.2
0.2
·
Receivables Turnover
7.7
5.6
·
Per Share5
Metric
Trend
2025
2024
2023
Book Value / Share
$44.54
$43.89
·
Revenue / Share
$46.33
·
·
Cash Flow / Share
$11.01
·
·
Cash / Share
$0.76
$2.14
·
EPS (TTM)
$-1.61
$-12.78
·
Growth Rates1
Metric
Trend
2025
2024
2023
Revenue YoY
30.8%
-6.4%
·
Valuation (TTM)14
Metric
Trend
2025
2024
2023
Revenue TTM
$562M
$430M
·
Net Income TTM
$-6M
$-122M
·
Market Cap
$327M
$403M
·
Enterprise Value
$1.36B
$1.37B
·
P/E
-16.6
-3.0
·
P/S
0.6
0.9
·
P/B
0.6
0.9
·
P / Tangible Book
0.8
1.3
·
P / Cash Flow
2.4
6.5
·
P / FCF
7.3
49.4
·
EV / EBITDA
11.9
13.6
·
EV / FCF
30.6
168.3
·
EV / Revenue
2.4
3.2
·
Earnings Yield
-6.0%
-33.8%
·
Income Statement13
Metric
Trend
Q2 2026
Q1 2026
Q4 2025
Q3 2025
Q2 2025
Q1 2025
Q4 2024
Q3 2024
Q2 2024
Q1 2024
Q4 2023
Q3 2023
Revenue
$155M
$139M
$142M
$147M
$140M
$133M
$107M
$102M
$101M
$119M
$127M
$121M
Cost of Revenue
$49M
$39M
$40M
$38M
$36M
$35M
$27M
$28M
$30M
$30M
$34M
$27M
SG&A Expense
$14M
$18M
$16M
$13M
$16M
$17M
$14M
$12M
$14M
$15M
$10M
$11M
Operating Expenses
$130M
$123M
$124M
$122M
$126M
$118M
$113M
$91M
$94M
$174M
$103M
$95M
Interest Expense
$27M
$25M
$24M
$24M
$24M
$23M
$20M
$26M
$31M
$38M
$37M
$35M
Pretax Income
$6M
$-4M
$-8M
$6M
$-5M
$5M
$-20M
$-55M
$-24M
$133M
$-15M
$4M
Income Tax
$1M
$-1M
$-582.0K
$537.0K
$-752.0K
$296.0K
$5M
$143M
$-654.0K
$210.0K
$502.0K
$72.0K
Net Income
$2M
$-5M
$2M
$-2M
$-8M
$-2M
$-15M
$-205M
$-31M
$129M
$-19M
$251.0K
EPS (Basic)
$0.12
$-0.43
$-0.66
$-0.13
$-0.66
$-0.16
$-2.67
$-19.25
$-2.91
$12.05
$-2.12
$-0.27
EPS (Diluted)
$0.11
$-0.43
$-0.66
$-0.13
$-0.66
$-0.16
$-2.09
$-19.25
$-2.91
$11.47
$-2.12
$-0.27
Shares (Basic)
13,811,000
12,329,000
·
12,255,000
12,241,000
11,767,000
·
10,649,000
10,649,000
10,449,000
·
10,376,000
Shares (Diluted)
14,045,000
12,329,000
·
12,255,000
12,241,000
11,767,000
·
10,649,000
10,649,000
10,980,000
·
10,376,000
EBITDA
$27M
·
·
$29M
$30M
$29M
·
$24M
·
·
·
·
Balance Sheet25
Metric
Trend
Q2 2026
Q1 2026
Q4 2025
Q3 2025
Q2 2025
Q1 2025
Q4 2024
Q3 2024
Q2 2024
Q1 2024
Q4 2023
Q3 2023
Cash & Equivalents
$21M
$43M
$9M
$25M
$21M
$26M
$23M
$18M
·
·
·
·
Receivables
$87M
$74M
$70M
$80M
$85M
$84M
$77M
$61M
·
·
·
·
Other Current Assets
$6M
$6M
$7M
$4M
$6M
$6M
$16M
$9M
·
·
·
·
Current Assets
$124M
$130M
$97M
$112M
$116M
$120M
$118M
$214M
·
·
·
·
PP&E (Net)
$1.84B
$1.84B
$1.84B
$1.85B
$1.85B
$1.85B
$1.79B
$1.35B
·
·
·
·
PP&E (Gross)
$2.62B
$2.61B
$2.59B
$2.58B
$2.63B
$2.60B
$2.51B
$2.05B
·
·
·
·
Accum. Depreciation
$782M
$772M
$749M
$726M
$773M
$750M
$725M
$703M
·
·
·
·
Intangibles
$150M
$151M
$154M
$157M
$160M
$163M
$154M
$140M
·
·
·
·
Other Non-current Assets
$26M
$26M
$27M
$27M
$25M
$29M
$32M
$24M
·
·
·
·
Total Assets
$2.41B
$2.41B
$2.39B
$2.41B
$2.42B
$2.43B
$2.36B
$2.00B
·
·
·
·
Accounts Payable
$21M
$28M
$32M
$36M
$31M
$32M
$25M
$13M
·
·
·
·
Accrued Liabilities
$43M
$36M
$24M
$26M
$30M
$46M
$38M
$30M
·
·
·
·
Current Liabilities
$132M
$108M
$177M
$147M
$157M
$151M
$175M
$231M
·
·
·
·
Capital Leases
·
·
$4M
·
·
·
$3M
·
·
·
·
·
Deferred Tax
$93M
$91M
$74M
$76M
$75M
$76M
$63M
·
·
·
·
·
Other Non-current Liabilities
$8M
$9M
$7M
$8M
$13M
$14M
$20M
$16M
·
·
·
·
Total Liabilities
$1.49B
$1.49B
$1.30B
$1.32B
$1.33B
$1.33B
$1.26B
$1.22B
·
·
·
·
Long-term Debt
$1.24B
$1.27B
$1.05B
$1.08B
$1.08B
$1.08B
$994M
$957M
·
·
·
·
Total Debt
$1.24B
·
·
$1.08B
$1.08B
$1.08B
·
$957M
·
·
·
·
Common Stock
$136.0K
$136.0K
$122.0K
$122.0K
$122.0K
$122.0K
$106.0K
$106.0K
·
·
·
·
Paid-in Capital
$741M
$740M
$638M
$636M
$635M
$632M
$541M
$702M
·
·
·
·
Retained Earnings
$-207M
$-208M
$-203M
$-195M
$-193M
$-185M
$-183M
$-158M
·
·
·
·
Stockholders' Equity
$598M
$596M
$546M
$552M
$552M
$558M
$468M
$651M
·
·
·
·
Liabilities + Equity
$2.41B
$2.41B
$2.39B
$2.41B
$2.42B
$2.43B
$2.36B
$2.00B
·
·
·
·
Shares Outstanding
13,782,960
13,814,286
12,262,320
12,261,954
12,241,864
12,241,098
10,659,220
10,648,685
·
·
0
·
Cash Flow10
Metric
Trend
Q2 2026
Q1 2026
Q4 2025
Q3 2025
Q2 2025
Q1 2025
Q4 2024
Q3 2024
Q2 2024
Q1 2024
Q4 2023
Q3 2023
D&A
$27M
$27M
$27M
$29M
$30M
$29M
$25M
$24M
$24M
$28M
$32M
$31M
Stock-based Comp
$2M
$3M
$997.0K
$2M
$2M
$2M
$2M
$2M
$2M
$3M
$1M
$1M
Other Non-cash
·
·
·
·
·
$-17M
·
·
·
·
·
·
Operating Cash Flow
$44M
$7M
$54M
$27M
$37M
$16M
$22M
$9M
$-13M
$44M
$16M
·
CapEx
$25M
$19M
$19M
$23M
$26M
$21M
$16M
$11M
$11M
$16M
$19M
·
Investing Cash Flow
$-31M
$-19M
$-19M
$-24M
$-27M
$-93M
$-172M
$-13M
$63M
$609M
$-19M
·
Financing Cash Flow
$-30M
$42M
$-43M
$-68.0K
$-14M
$81M
$32M
$-12M
$-239M
$-321M
$513.0K
·
Net Change in Cash
$-18M
$30M
$-9M
$3M
$-4M
$4M
$-119M
$-16M
$-188M
$331M
$-2M
·
Free Cash Flow
·
·
·
·
·
$-5M
·
·
·
·
·
·
Levered FCF
·
·
·
·
·
$-26M
·
·
·
·
·
·
Profitability5
Metric
Trend
Q2 2026
Q1 2026
Q4 2025
Q3 2025
Q2 2025
Q1 2025
Q4 2024
Q3 2024
Q2 2024
Q1 2024
Q4 2023
Q3 2023
Net Margin
1.0%
·
·
-1.1%
-5.7%
1.5%
·
-196.8%
·
·
·
·
Pretax Margin
3.6%
·
·
3.8%
-3.5%
3.7%
·
-53.7%
·
·
·
·
EBITDA Margin
17.3%
·
·
19.6%
21.4%
21.5%
·
23.0%
·
·
·
·
ROA
0.07%
·
·
-0.07%
-0.66%
0.17%
·
-20.2%
·
·
·
·
ROE
0.28%
·
·
-0.26%
-2.9%
0.73%
·
-61.9%
·
·
·
·
Liquidity & Solvency4
Metric
Trend
Q2 2026
Q1 2026
Q4 2025
Q3 2025
Q2 2025
Q1 2025
Q4 2024
Q3 2024
Q2 2024
Q1 2024
Q4 2023
Q3 2023
Current Ratio
0.9
·
·
0.8
0.7
0.8
·
0.9
·
·
·
·
Quick Ratio
0.8
·
·
0.7
0.7
0.7
·
0.3
·
·
·
·
Debt / Equity
2.1
·
·
2.0
1.9
1.9
·
1.5
·
·
·
·
LT Debt / Equity
2.1
·
·
1.9
1.9
1.9
·
1.3
·
·
·
·
Efficiency2
Metric
Trend
Q2 2026
Q1 2026
Q4 2025
Q3 2025
Q2 2025
Q1 2025
Q4 2024
Q3 2024
Q2 2024
Q1 2024
Q4 2023
Q3 2023
Asset Turnover
0.1
·
·
0.1
0.1
0.1
·
0.1
·
·
·
·
Receivables Turnover
1.8
·
·
2.1
3.3
3.2
·
3.4
·
·
·
·
Per Share5
Metric
Trend
Q2 2026
Q1 2026
Q4 2025
Q3 2025
Q2 2025
Q1 2025
Q4 2024
Q3 2024
Q2 2024
Q1 2024
Q4 2023
Q3 2023
Book Value / Share
$43.41
·
·
$45.01
$45.09
$45.60
·
$61.18
·
·
·
·
Revenue / Share
$11.04
·
·
$11.99
$11.45
$11.28
·
$9.62
·
·
·
·
Cash Flow / Share
·
·
·
·
·
$1.36
·
·
·
·
·
·
Cash / Share
$1.52
·
·
$2.01
$1.71
$2.14
·
$1.68
·
·
·
·
EPS (TTM)
$-1.11
$-1.38
·
$-3.04
$-22.16
$-24.41
·
$-12.81
$6.17
·
·
·
Valuation (TTM)11
Metric
Trend
Q2 2026
Q1 2026
Q4 2025
Q3 2025
Q2 2025
Q1 2025
Q4 2024
Q3 2024
Q2 2024
Q1 2024
Q4 2023
Q3 2023
Revenue TTM
$583M
$559M
·
$527M
$482M
$443M
·
$450M
$469M
·
·
·
Net Income TTM
$-4M
$-17M
·
$-27M
$-230M
$-253M
·
$-126M
$80M
·
·
·
Market Cap
$393M
·
·
$252M
$300M
$415M
·
$373M
·
·
·
·
Enterprise Value
$1.61B
·
·
$1.31B
$1.35B
$1.47B
·
$1.31B
·
·
·
·
P/E
-25.7
-21.9
·
-6.8
-1.1
-1.4
·
-2.7
5.8
·
·
·
P/S
0.7
·
·
0.5
0.6
0.9
·
0.8
·
·
·
·
P/B
0.7
·
·
0.5
0.5
0.7
·
0.6
·
·
·
·
P / Tangible Book
0.9
0.9
·
0.6
0.8
1.1
·
0.7
·
·
·
·
P / Cash Flow
·
·
·
·
·
25.9
·
·
·
·
·
·
EV / Revenue
2.8
·
·
2.5
2.8
3.3
·
2.9
·
·
·
·
Earnings Yield
-3.9%
-4.6%
·
-14.8%
-90.3%
-72.0%
·
-36.6%
17.3%
·
·
·
Most recent period on the left · null values shown as ·
Financial Statements
Income statement, balance sheet, cash flow — annual, last 5 years
16
Metric
2025-12-31
2024-12-31
2023-12-31
Revenue
$562M
$430M
$459M
Net Income
$-6M
$-122M
$-52M
Diluted EPS
$-1.61
$-12.78
$-6.11
Metric
2025-12-31
2024-12-31
2023-12-31
Debt / Equity
1.9
2.1
·
Current Ratio
0.5
0.7
·
Quick Ratio
0.4
0.6
·
Metric
2025-12-31
2024-12-31
2023-12-31
Free Cash Flow
$45M
$8M
·
Institutional owners (13F)
77 filers
· $179.9M total
· As of June 30, 2026
17
Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.
Holders77
Value held$179.9M
New positions13
Exited positions10
Institutional activity — Q2 2026 vs prior quarter
New positions
Exited positions
Increased
Decreased
Net shares change
13 (-3 vs prior Q)
10 (+5 vs prior Q)
29 (+5 vs prior Q)
19 (-6 vs prior Q)
+1.0M
Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.
Investors who filed SEC Schedule 13D — beneficial ownership above 5% with an intent to influence the issuer (activist stakes, board campaigns, M&A). Each row shows the most recent known state of that filer's position.
Purpose is an automated classification of the filer's own stated purpose (SEC Item 4) — not investment advice. "—" means no clear purpose was stated or the text could not be classified.
Company insiders
12 insiders
· 4 officers · 8 directors