CompanyGraph
What stands out
- Most companies in its industry are production businesses; this one is a flow business
At a glance
- Depends onMidstream position: 5 outgoing, 4 incoming connections
- ScaleMarket cap is $1.87B, above the global median of $1.15B
- PositionGross margin is 90.1%, higher than 95% of its Communication Equipment peers (median 29.5%)
What this company is and how it runs — written from structure, not news.
What stands out
- Most companies in its industry are production businesses; this one is a flow business
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Sign inThe reported statements, read against the company's own industry.
Financials view
Market Capitalization
1.87BUSDvs all stocks (USD)
Revenue (TTM)
276.54MUSDvs all stocks (USD)
Profit Margin
-47.73%vs Communication Equipment peers
Beta
2.01xvs all stocks
52-Week Change
35.75%vs all stocks
Market Capitalization
1.87BUSDvs all stocks (USD)
Enterprise Value
3.47BUSDvs all stocks (USD)
Forward P/E
-4.99xvs Communication Equipment peers
Price to Sales (TTM)
4.81xvs Communication Equipment peers
Price to Book (MRQ)
1.51xvs Communication Equipment peers
Enterprise to Revenue
12.56xvs Communication Equipment peers
Enterprise to EBITDA
28.26xvs Communication Equipment peers
Gross Margin
90.09%vs Communication Equipment peers
Profit Margin
-47.73%vs Communication Equipment peers
Operating Margin
2.04%vs Communication Equipment peers
Return on Assets (TTM)
0.31%vs Communication Equipment peers
Return on Equity (TTM)
-30.66%vs Communication Equipment peers
Revenue (TTM)
276.54MUSDvs all stocks (USD)
Revenue per Share (TTM)
26.25USDUpdated Jul 19, 2026Quarterly Revenue Growth
-25.40%vs Communication Equipment peers
Gross Profit (TTM)
126.69MUSDvs all stocks (USD)
EBITDA (TTM)
199.63MUSDvs all stocks (USD)
Net Income (TTM)
-131.99MUSDvs all stocks (USD)
Quarterly Earnings Growth (YoY)
-25.43%vs Communication Equipment peers
Operating Cash Flow (TTM)
-48.86MUSDvs all stocks (USD)
Payout Ratio
0.00%vs Communication Equipment peers
Minority Interest (Equity)
1.24BCADFY2025 · Dec 31, 2025Revenue
417.96MCADFY2025 · Dec 31, 2025Cost of Goods Sold
22.73MCADFY2025 · Dec 31, 2025Gross Profit
395.23MCADFY2025 · Dec 31, 2025Operating Income
57.29MCAD41.10M · vs all stocks (USD)
Pre-tax Income
-597.60MCADFY2025 · Dec 31, 2025Income Tax Expense
-67.38MCADFY2025 · Dec 31, 2025Net Income
-530.22MCADFY2025 · Dec 31, 2025EBIT
-378.86MCADFY2025 · Dec 31, 2025EBITDA (Income Statement)
233.44MCADFY2025 · Dec 31, 2025Selling, General & Administrative
92.62MCADFY2025 · Dec 31, 2025Other Operating Expenses
96.42MCADFY2025 · Dec 31, 2025Non-operating Interest Income
24.86MCADFY2025 · Dec 31, 2025Non-operating Interest Expense
218.74MCADFY2025 · Dec 31, 2025EPS (Basic)
-10.61CADFY2025 · Dec 31, 2025EPS (Diluted)
-10.61CADFY2025 · Dec 31, 2025Basic Shares Outstanding
14.64MSharesFY2025 · Dec 31, 2025Diluted Shares Outstanding
14.64MSharesFY2025 · Dec 31, 2025Net Income from Continuing Operations
-530.22MCADFY2025 · Dec 31, 2025Minority Interests (P&L)
374.86MCADFY2025 · Dec 31, 2025Operating Cash Flow
-222.06MCADFY2025 · Dec 31, 2025Free Cash Flow
-362.59MCADFY2025 · Dec 31, 2025Cash & Cash Equivalents (End of Period)
509.80MCADFY2025 · Dec 31, 2025Income Tax Paid
11.37MCADFY2025 · Dec 31, 2025Interest Paid
205.19MCADFY2025 · Dec 31, 2025Starting Profit (CF Statement)
-530.22MCADFY2025 · Dec 31, 2025Depreciation & Amortization
148.89MCADFY2025 · Dec 31, 2025Deferred Taxes (CF)
-67.38MCADFY2025 · Dec 31, 2025Stock-based Compensation
4.14MCADFY2025 · Dec 31, 2025Other Non-cash Items
145.66MCADFY2025 · Dec 31, 2025Change in Accounts Receivable (CF)
96.32MCADFY2025 · Dec 31, 2025Change in Other Assets/Liabilities
-19.48MCADFY2025 · Dec 31, 2025Capital Expenditures
-140.53MCADFY2025 · Dec 31, 2025Net Intangibles (CF)
0.00CADFY2025 · Dec 31, 2025Net Acquisitions
235.00KCADFY2025 · Dec 31, 2025Other Investing Activity
-620.08MCADFY2025 · Dec 31, 2025Net Investing Cash Flow
-760.37MCADFY2025 · Dec 31, 2025Long-term Debt Issuance
689.79MCADFY2025 · Dec 31, 2025Long-term Debt Payments
-7.21MCADFY2025 · Dec 31, 2025Other Financing Charges
-10.77MCADFY2025 · Dec 31, 2025Net Financing Cash Flow
671.81MCADFY2025 · Dec 31, 2025Shares Outstanding
15.22MSharesUpdated Jul 19, 2026Float Shares
1.87MSharesUpdated Jul 19, 2026Shares Short
1.07MSharesUpdated Jul 19, 2026Short Ratio
3.10daysvs all stocks
Short % of Shares Outstanding
7.72%vs all stocks
% Held by Insiders
2.27%vs all stocks
% Held by Institutions
56.12%vs all stocks
Total Cash (MRQ)
372.31MUSDvs all stocks (USD)
Total Cash per Share (MRQ)
34.35USDUpdated Jul 19, 2026Total Debt (MRQ)
2.64BUSDvs all stocks (USD)
Total Debt to Equity (MRQ)
2.22xvs Communication Equipment peers
Current Ratio (MRQ)
0.2510xvs Communication Equipment peers
Book Value per Share (MRQ)
24.07USDUpdated Jul 19, 2026Total Assets
6.60BCAD4.74B · vs all stocks (USD)
Total Current Assets
832.06MCADFY2025 · Dec 31, 2025Total Liabilities
4.83BCADFY2025 · Dec 31, 2025Total Non-current Assets
5.77BCADFY2025 · Dec 31, 2025Total Non-current Liabilities
1.52BCADFY2025 · Dec 31, 2025Total Current Liabilities
3.32BCADFY2025 · Dec 31, 2025Cash
494.27MCADFY2025 · Dec 31, 2025Cash Equivalents
15.52MCADFY2025 · Dec 31, 2025Cash & Cash Equivalents
509.80MCADFY2025 · Dec 31, 2025Other Short-term Investments
430.00KCADFY2025 · Dec 31, 2025Accounts Receivable
30.56MCADFY2025 · Dec 31, 2025Inventory
1.49MCADFY2025 · Dec 31, 2025Accounts Payable
5.18MCADFY2025 · Dec 31, 2025Short-term Debt
2.34BCADFY2025 · Dec 31, 2025Deferred Revenue
45.33MCADFY2025 · Dec 31, 2025Other Current Liabilities
846.41MCADFY2025 · Dec 31, 2025Long-term Debt
1.19BCADFY2025 · Dec 31, 2025Other Non-current Liabilities
10.09MCADFY2025 · Dec 31, 2025Common Stock (Book)
70.00MCADFY2025 · Dec 31, 2025Retained Earnings
330.81MCADFY2025 · Dec 31, 2025Total Shareholders' Equity
1.77BCAD1.27B · vs all stocks (USD)
52-Week Low
19.59USDUpdated Jul 19, 202652-Week High
59.12USDUpdated Jul 19, 202652-Week Change
35.75%vs all stocks
Beta
2.01xvs all stocks
50-Day MA
47.72USDUpdated Jul 19, 2026200-Day MA
36.74USDUpdated Jul 19, 2026Avg 10-Day Volume
235.83KSharesUpdated Jul 19, 2026Avg 30-Day Volume
306.16KSharesUpdated Jul 19, 2026Diluted EPS (TTM)
-8.56USDUpdated Jul 19, 2026Other Income / Expense
-461.01MCADFY2025 · Dec 31, 2025Shared structure with peers — never a ranking.
Relationships view
Structural observations derived from financial data, industry benchmarks, and supply chain position.
Peer Positioning
Gross margin is 90.1%, higher than 95% of its Communication Equipment peers (median 29.5%)Significant
Gross margin: 0.90Industry median: 0.30Industry P95: 0.61Peers compared: 105
Profit margin is -47.7%, lower than 95% of its Communication Equipment peers (median 2%)Significant
Profit margin: -0.48Industry median: 0.02Industry P5: -0.32Peers compared: 105
Current ratio is 0.25×, lower than 95% of its Communication Equipment peers (median 2.04×)Significant
Current ratio: 0.25Industry median: 2.04Industry P5: 0.84Peers compared: 105
Debt-to-equity is 2.22×, higher than 95% of its Communication Equipment peers (median 0.15×)Significant
Debt-to-equity: 2.22Industry median: 0.15Industry P95: 1.18Peers compared: 105
Structural Tensions
Most companies in its industry are production businesses; this one is a flow businessSignificant
Industry peers: 181Share on the common pattern %: 96.00
High gross margins eroded by operating costsNotable
Gross Margin: 0.90Profit Margin: -0.48
Financial Health
Altman Z-Score -0.19: distress zoneCritical
Altman Z-Score: -0.19
Supply Chain
Midstream position: 5 outgoing, 4 incoming connectionsNotable
Outgoing: 5.00Incoming: 4.00
Scale
Market cap is $1.87B, above the global median of $1.15BNotable
Market cap (USD): 1,869,151,357Global Median: 1,146,734,693.424
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