Overview
- Shares have climbed about 136% in 2025 to $177.29 on Dec. 17, lifting the company’s valuation above $400 billion.
- Third-quarter results beat forecasts with EPS of $0.21 and revenue of $1.18 billion, up roughly 63% year over year.
- Guidance now calls for Q4 revenue of $1.327–$1.331 billion and full-year revenue of $4.396–$4.4 billion, both above prior outlooks.
- New Chain Reaction partnership targets permitting, grid access and power delivery for AI data centers, with Deloitte estimating U.S. AI power needs could reach 123 GW by 2035.
- Commercial momentum included 121% U.S. growth, 53 deals of at least $10 million and GAAP net income of $476 million for a 40% margin, while smaller peer BigBear.ai reported Q3 revenue of $33.1 million, down 20%.