7Baggers
Quarterly
Annual
    Unit: USD2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2022-06-30 2022-03-31 2021-12-31 
      
    		               
      operating activities
    		               
      net income
    		6,894,000 -41,932,000 -57,013,000 67,724,000 1,075,000 -12,876,000 -25,556,000 4,818,000 -35,046,000 -37,397,000 -37,193,000 -56,185,000 -60,828,000 -60,704,000 -111,460,000 
      adjustments to reconcile net income to net cash from operating activities:
    		               
      depreciation and amortization
    		8,255,000 6,189,000 4,485,000 4,087,000 4,424,000 3,088,000 2,883,000 2,926,000 2,646,000 2,669,000 2,424,000 2,216,000 1,972,000 1,493,000 1,427,000 
      amortization of debt issuance costs
    		1,128,000 1,127,000 817,000 1,671,000 383,000 355,000 682,000 457,000 0 228,000 229,000 228,000 207,000 206,000 137,000 
      inventory provision
    		-337,000 -2,757,000 2,283,000 8,505,000 1,497,000      -330,000 -10,800,000   3,517,000 
      stock-based compensation
    		6,367,000 3,826,000 5,266,000 5,469,000            
      deferred income taxes
    		5,369,000 511,000 -66,000 -7,014,000 0 0 295,000 3,818,000 0 -325,000 -951,000     
      changes in operating assets and liabilities:
    		               
      trade receivables
    		2,851,000 1,767,000 60,143,000 -119,388,000 -4,942,000 80,303,000 -70,550,000 52,639,000 178,397,000 -222,612,000 -21,821,000 17,182,000 33,227,000 -70,098,000 -9,472,000 
      unbilled receivables
    		-34,202,000 45,834,000 10,725,000 -72,329,000 37,207,000 47,974,000 11,895,000 -33,188,000 -8,559,000 77,203,000 -85,959,000 -37,386,000 -19,839,000 5,633,000 15,042,000 
      receivables from related parties
    		75,488,000 18,472,000 110,198,000 -261,539,000 -44,365,000 18,823,000 -16,882,000 -1,821,000 31,749,000 -31,666,000 55,349,000 -62,710,000 -12,284,000 11,354,000 -15,026,000 
      advances to suppliers
    		-29,095,000 -3,727,000 -5,593,000 -17,259,000 -10,495,000 -39,720,000 3,216,000 -28,348,000 -4,349,000 -11,826,000 8,033,000 7,432,000 13,323,000 -34,934,000 -30,845,000 
      inventory
    		50,543,000 -151,474,000 -368,763,000 279,647,000 -161,534,000 240,026,000 -336,408,000 286,785,000 249,446,000 327,077,000 -430,541,000 -188,222,000 -115,057,000 93,888,000 -56,086,000 
      other current assets
    		17,374,000 10,790,000 -7,640,000 24,395,000 12,509,000 819,000 -48,709,000 -42,020,000 2,044,000 6,655,000 -3,507,000 1,482,000 7,273,000 -7,257,000 -134,000 
      other non-current assets
    		-842,000 -11,080,000 -11,582,000 -20,071,000 -22,366,000 -12,122,000 26,459,000 14,352,000 -30,692,000 -667,000 375,000 -17,652,000 -17,691,000 35,506,000 -35,371,000 
      accounts payable
    		22,018,000 130,733,000 -333,593,000 113,860,000 75,122,000 -74,205,000 255,347,000 -103,314,000 -232,296,000 -107,275,000 200,722,000 84,313,000 98,580,000 28,818,000 -59,244,000 
      deferred revenue with related parties
    		12,974,000 1,583,000 -4,959,000 1,363,000            
      deferred revenue
    		-118,622,000 66,397,000 316,723,000 -140,869,000 16,505,000 15,517,000 99,051,000 -174,958,000 -131,983,000 103,981,000 196,026,000 -97,958,000 147,536,000 77,050,000 74,400,000 
      accruals and provisions
    		-159,087,000 -98,336,000 139,064,000             
      taxes payable
    		-17,271,000 -31,382,000 -7,534,000 20,886,000 11,559,000 -8,208,000 -1,438,000 3,749,000 8,302,000 6,918,000 -3,216,000 -629,000 -5,533,000 -489,000 4,872,000 
      other current liabilities
    		-1,280,000 3,017,000 -67,354,000 -4,240,000 20,782,000 7,139,000 -5,496,000 14,874,000 14,082,000 15,317,000 -4,806,000 8,031,000 -2,042,000 5,167,000 -4,794,000 
      other non-current liabilities
    		-2,390,000 4,258,000 3,161,000 2,564,000 1,522,000 1,432,000 -28,792,000 6,692,000 3,361,000 8,369,000 -298,000 -1,688,000 -352,000 -1,497,000 -182,000 
      net cash from operating activities
    		-153,865,000 -46,184,000 -211,232,000 10,529,000 -21,092,000 70,885,000 19,363,000 48,560,000 2,924,000 -74,513,000 -88,898,000 -221,442,000 80,053,000 50,555,000 -191,551,000 
      capex
    		-3,562,000 -4,353,000 -2,109,000 -3,277,000 -2,365,000 -1,005,000 -1,468,000 -1,112,000 -790,000 1,409,000 -2,496,000 -5,259,000 -1,404,000 -401,000 -870,000 
      free cash flows
    		-157,427,000 -50,537,000 -213,341,000 7,252,000 -23,457,000 69,880,000 17,895,000 47,448,000 2,134,000 -73,104,000 -91,394,000 -226,701,000 78,649,000 50,154,000 -192,421,000 
      investing activities
    		               
      capital expenditures on software
    		-3,725,000 -3,221,000 -3,077,000 -2,254,000 -3,588,000 -3,890,000 -1,128,000 -1,951,000        
      purchase of property and equipment
    		-3,562,000 -4,353,000 -2,109,000 -3,277,000 -2,365,000 -1,005,000 -1,468,000 -1,112,000 -790,000 1,409,000 -2,496,000 -5,259,000 -1,404,000 -401,000 -870,000 
      net cash from investing activities
    		-7,287,000 -7,574,000 -5,186,000 -5,531,000 -5,953,000 -4,895,000 -2,596,000 -3,063,000   -6,331,000 -115,403,000 -30,619,000 -1,525,000 -870,000 
      financing activities
    		               
      class a common stock withheld related to settlement of employee taxes for stock-based compensation awards
    		0 -94,000 -396,000 -420,000 -1,155,000           
      proceeds from issuance of 2030 convertible senior notes
    		0 0 400,000,000             
      purchases of capped calls related to 2030 convertible senior notes
    		0 0 -29,000,000             
      payment for debt issuance costs
    		               
      payments for acquisitions
    		   0 0 0 -3,892,000         
      proceeds from exercise of stock options
    		527,000 818,000 422,000 963,000 2,724,000 532,000 1,116,000 1,173,000 3,074,000 558,000 2,398,000 1,870,000    
      distribution to aes grid stability
    		0               
      principal payments on finance leases
    		               
      net cash from financing activities
    		-468,000 -1,718,000 360,831,000 -2,909,000 864,000 -272,000 -6,359,000 7,000 28,778,000 558,000 23,252,000 1,593,000 -12,584,000 -5,443,000 833,487,000 
      effect of exchange rate changes on cash and cash equivalents
    		11,493,000 11,082,000 -8,710,000 3,309,000 -1,993,000 -793,000 3,418,000 1,131,000 9,816,000 -7,266,000 -5,776,000 2,928,000 2,507,000 -314,000 280,000 
      net increase in cash, cash equivalents, and restricted cash
    		-150,127,000 -44,394,000 135,703,000  -28,174,000 64,925,000 13,826,000  103,515,000       
      cash, cash equivalents, and restricted cash as of the beginning of the period
    		0 0 518,706,000 0 0 0 462,731,000 0 0 0 429,721,000 1,000 -1,000 0 38,069,000 
      cash, cash equivalents, and restricted cash as of the end of the period
    		-150,127,000 -44,394,000 654,409,000 5,398,000 -28,174,000 64,925,000 476,557,000   -39,387,000 351,968,000 -332,323,000 39,356,000 43,273,000 679,415,000 
      supplemental cash flows information
    		               
      interest paid
    		5,806,000 1,150,000 920,000 844,000 1,080,000 376,000 722,000   237,000 274,000   0 503,000 
      cash (refund) paid on income taxes
    		               
      payment for debt issuance costs on 2030 convertible senior notes
    		 -622,000 -10,000,000             
      payment for debt issuance costs on revolving facilities
    		 -785,000 -195,000             
      cash paid for income taxes
    		 5,290,000 5,707,000 942,000 410,000 393,000 916,000    284,000 770,000 684,000 605,000 9,000 
      current accruals and provisions
    		     -12,406,000 -455,000 71,354,000 -2,517,000 -54,801,000 -20,907,000 20,655,000 -90,259,000 14,216,000 23,027,000 
      insurance proceeds received
    		           0    
      purchase of equity securities
    		           0 0   
      proceeds from maturities of short-term investments
    		       0 70,071,000 40,425,000 1,178,000     
      purchases of short-term investments
    		               
      payments for purchase of investment in joint venture
    		       0 0 0 -5,013,000     
      payments for acquisition of businesses, net of cash acquired
    		           0    
      repayment of promissory notes – related parties
    		           0 0 0 -50,000,000 
      repayment of line of credit
    		               
      proceeds from borrowing against note receivable - pledged as collateral
    		       0 27,034,000 0 21,142,000     
      payment of transaction costs related to issuance of class b membership units
    		               
      payments of debt issuance costs
    		               
      proceeds from issuance of class a common stock sold in an ipo, net of underwriting discounts and commissions
    		           12,229,000    
      payments of deferred equity issuance cost
    		               
      net increase in cash and cash equivalents
    		          -77,753,000 -332,324,000 39,357,000 43,273,000 641,346,000 
      supplemental disclosure of cash flow information
    		               
      debt issuance costs
    		    -705,000           
      stock-based compensation expense
    		     6,636,000 5,630,000 5,480,000 5,677,000 7,286,000 8,477,000 17,771,000    
      deferred revenue and payables with related parties
    		               
      inventory benefit
    		      298,000  -675,000       
      provision on loss contracts
    		      -524,000         
      payables and deferred revenue with related parties
    		      148,417,000 -38,252,000 -40,082,000 -164,302,000 51,716,000 72,915,000 56,759,000 -29,348,000 -21,904,000 
      repurchase of class a common stock placed into treasury
    		       -1,166,000 -1,330,000 0 -288,000 -22,000    
      payment of debt issuance costs
    		      -3,583,000      177,000 -578,000 -2,719,000 
      inventory (recovery) provision
    		               
      benefit on loss contracts
    		       2,449,000 -6,581,000 747,000 -2,720,000 27,750,000 8,543,000 -11,929,000 5,668,000 
      capital contribution from founders
    		               
      proceeds from issuance of class b membership units
    		               
      borrowing from promissory notes – related parties
    		               
      borrowing from line of credit
    		               
      payment of equity issuance costs
    		               
      other
    		               
      payment of transaction cost related to issuance of class b membership units
    		               
      payments of deferred equity issuance costs
    		               
      net cash from (used) in investing activities
    		               
      payment of ipo costs
    		             -4,865,000 -5,465,000 
      purchase of short-term investments
    		               
      cash settled for stock based compensation
    		            14,434,000   
      capital contributions from founders
    		               
      repayment to line of credit
    		            0 0 -50,000,000 
      stock based compensation expense
    		             2,728,000 24,877,000 
      cash paid for business acquisition
    		               
      proceeds from issuance of class a common stock sold in the ipo, net of underwriting discounts
    		             0 947,991,000 
      payment of transaction cost related to issuance of membership units
    		             0 -6,320,000 
      supplemental cash flows information:
    		               
      non-cash financing activities
    		               
      reclassification of deferred offering costs to additional paid-in capital
    		              6,764,000 
      ipo costs included in accounts payable
    		              4,865,000 
    The information provided in this report is taken from www.sec.gov and many other data providers. While we have conducted our best efforts to ensure that the parsed data is accurate, we cannot guarantee its accuracy. Please use caution and understand that any consequences of its use are your own responsibility.