$709.92M
Revenue
$-1.63B
Net Income
-34.09%
Gross Margin
-206.70%
Op. Margin
$-1.17B
Free Cash Flow
| Breakdown | Q4 2025 (Dec 31, 2025) |
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) |
Q4 2022 (Dec 31, 2022) |
Q3 2022 (Sep 30, 2022) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | $225.22M | $177.06M | $173.97M | $133.67M | $191.47M | $173.73M | $143.35M | $120.26M | $222.16M | $198.71M | $260.18M | $210.29M | $220.74M | $188.63M |
| Revenue Growth % (YoY) | 17.6% | 1.9% | 21.4% | 11.2% | -13.8% | -12.6% | -44.9% | -42.8% | 0.6% | 5.3% | nan% | nan% | nan% | nan% |
| Cost of Revenue | $219.77M | $297.22M | $227.44M | $207.53M | $426.00M | $273.75M | $274.61M | $279.34M | $444.45M | $336.68M | $338.32M | $279.68M | $301.22M | $234.69M |
| Gross Profit | $5.45M | $-120.17M | $-53.47M | $-73.86M | $-234.53M | $-100.03M | $-131.25M | $-159.07M | $-222.29M | $-137.97M | $-78.14M | $-69.40M | $-80.48M | $-46.06M |
| Gross Margin % | 2.4% | -67.9% | -30.7% | -55.3% | -122.5% | -57.6% | -91.6% | -132.3% | -100.1% | -69.4% | -30.0% | -33.0% | -36.5% | -24.4% |
| Operating Expenses | $768.64M | $228.62M | $123.48M | $104.59M | $1.07B | $116.14M | $113.42M | $100.33M | $403.62M | $136.01M | $155.70M | $140.40M | $153.26M | $113.68M |
| Research & Development | $12.29M | $16.12M | $12.19M | $17.36M | $13.29M | $19.71M | $18.94M | $25.28M | $30.31M | $27.65M | $29.25M | $26.54M | $27.46M | $28.11M |
| Selling General & Admin | $100.25M | $110.59M | $87.89M | $80.84M | $121.42M | $91.59M | $85.14M | $77.96M | $111.85M | $105.45M | $101.15M | $104.02M | $101.51M | $85.58M |
| Operating Income | $-763.19M | $-348.79M | $-176.95M | $-178.46M | $-1.30B | $-216.17M | $-244.67M | $-259.41M | $-625.91M | $-273.97M | $-233.84M | $-209.80M | $-233.73M | $-159.75M |
| Operating Margin % | -338.9% | -197.0% | -101.7% | -133.5% | -678.7% | -124.4% | -170.7% | -215.7% | -281.7% | -137.9% | -89.9% | -99.8% | -105.9% | -84.7% |
| Interest Expense | $21.24M | $16.46M | $15.94M | $11.49M | $16.64M | $9.15M | $9.51M | $11.32M | $11.48M | $11.80M | $11.27M | $10.65M | $10.17M | $9.02M |
| Other Income/Expense | $-1.00M | $3.50M | $3.82M | $1.29M | $-19.40M | $15.51M | $-9.08M | $-7.00M | $4.74M | $4.99M | $-5.08M | $-4.77M | $6.86M | $-5.40M |
| Income Before Tax | $-904.33M | $-363.41M | $-228.72M | $-196.86M | $-1.34B | $-211.07M | $-262.71M | $-295.61M | $-642.84M | $-288.21M | $-237.31M | $-207.83M | $-224.16M | $-169.24M |
| Income Tax Expense | $252.00K | $92.00K | $12.00K | - | $-2.57M | $95.00K | $-376.00K | $163.00K | $-448.00K | $-4.73M | $-917.00K | $-1.27M | $-691.00K | $1.52M |
| Net Income | $-845.97M | $-361.87M | $-227.10M | $-196.66M | $-1.34B | $-211.17M | $-262.33M | $-295.78M | $-642.39M | $-283.48M | $-236.40M | $-206.56M | $-223.47M | $-170.76M |
| Net Margin % | -375.6% | -204.4% | -130.5% | -147.1% | -697.5% | -121.5% | -183.0% | -245.9% | -289.2% | -142.7% | -90.9% | -98.2% | -101.2% | -90.5% |
| Basic EPS | -0.69 | -0.31 | -0.20 | -0.21 | -1.65 | -0.25 | -0.36 | -0.46 | -1.08 | -0.47 | -0.40 | -0.35 | -0.38 | -0.30 |
| Diluted EPS | -0.69 | -0.31 | -0.20 | -0.21 | -1.65 | -0.25 | -0.36 | -0.46 | -1.08 | -0.47 | -0.40 | -0.35 | -0.38 | -0.30 |
| Basic Shares Outstanding | - | 1.16B | 1.13B | 945.8M | 39.2M | 858.4M | 736.8M | 641.3M | 2.1M | 599.5M | 598.1M | 589.2M | 1.5M | 578.0M |
| Diluted Shares Outstanding | - | 1.16B | 1.13B | 945.8M | 39.2M | 858.4M | 736.8M | 641.3M | 2.1M | 599.5M | 598.1M | 589.2M | 1.5M | 578.0M |
| Breakdown | Q4 2025 (Dec 31, 2025) |
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) |
Q4 2022 (Dec 31, 2022) |
Q3 2022 (Sep 30, 2022) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Cash Equivalents | $368.54M | $165.90M | $140.74M | $295.84M | $205.69M | $93.94M | $62.36M | $172.87M | $135.03M | $110.81M | $579.42M | $474.86M | $690.63M | $1.75B |
| Accounts Receivable | $134.76M | $124.03M | $138.74M | $144.95M | $157.24M | $167.22M | $189.86M | $148.82M | $243.81M | $163.19M | $216.65M | $127.72M | $129.45M | $95.47M |
| Inventory | $520.97M | $555.09M | $643.93M | $693.47M | $682.64M | $885.76M | $939.53M | $975.90M | $961.25M | $1.02B | $904.29M | $775.65M | $645.64M | $516.28M |
| Other Current Assets | $93.99M | $87.66M | $113.44M | $112.07M | $139.84M | $124.82M | $124.92M | $119.37M | $104.07M | $146.91M | $139.54M | $155.82M | $150.39M | $135.51M |
| Total Current Assets | $1.41B | $1.19B | $1.33B | $1.53B | $1.48B | $1.63B | $1.67B | $1.77B | $1.79B | $2.24B | $2.62B | $2.98B | $3.31B | $3.65B |
| Property Plant & Equipment | $281.00M | $877.35M | $910.14M | $879.85M | $866.33M | $1.53B | $1.51B | $1.45B | $1.44B | $1.25B | $1.06B | $874.66M | $719.79M | $607.27M |
| Goodwill | - | - | - | - | - | - | - | - | - | $248.02M | $249.97M | $249.87M | $248.61M | $230.72M |
| Intangible Assets | $29.23M | $77.95M | $81.04M | $82.78M | $84.66M | $175.01M | $178.34M | $183.32M | $188.89M | $193.18M | $199.08M | $203.74M | $207.72M | $195.65M |
| Total Assets | $2.59B | $3.10B | $3.35B | $3.63B | $3.60B | $4.72B | $4.78B | $4.85B | $4.90B | $5.45B | $5.58B | $5.65B | $5.76B | $5.86B |
| Accounts Payable | $168.74M | $162.22M | $152.06M | $191.61M | $180.97M | $207.22M | $253.72M | $285.55M | $257.83M | $292.93M | $220.47M | $188.15M | $191.90M | $199.87M |
| Accrued Liabilities | $128.01M | $122.36M | $105.17M | $128.86M | $103.14M | $107.40M | $112.61M | $154.81M | $200.54M | $153.63M | $166.31M | $167.75M | $156.43M | $157.48M |
| Deferred Revenue | $66.74M | $88.17M | $107.06M | $137.57M | $144.09M | $132.34M | $174.83M | $179.90M | $204.14M | $176.61M | $165.11M | $137.36M | $131.81M | $108.03M |
| Other Current Liabilities | - | - | - | $98.44M | $93.89M | $117.48M | $103.22M | $128.37M | $142.41M | $148.19M | $133.23M | $54.20M | $34.06M | $29.27M |
| Total Current Liabilities | $610.59M | $902.51M | $835.77M | $788.38M | $748.49M | $786.95M | $809.61M | $911.44M | $964.80M | $930.59M | $827.82M | $677.54M | $635.27M | $599.39M |
| Other Non-current Liabilities | - | - | - | $114.26M | $135.83M | $142.94M | $159.83M | $143.52M | $146.68M | $121.55M | $101.92M | $180.27M | $193.05M | $163.86M |
| Total Liabilities | $1.59B | $1.61B | $1.59B | $1.70B | $1.80B | $1.70B | $1.79B | $1.92B | $2.00B | $1.94B | $1.84B | $1.73B | $1.70B | $1.64B |
| Common Stock | $13.94M | $12.19M | $11.66M | $9.98M | $9.34M | $9.00M | $8.07M | $7.06M | $6.25M | $6.24M | $6.20M | $6.12M | $6.08M | $5.99M |
| Retained Earnings | $-8.23B | $-7.38B | $-7.02B | $-6.79B | $-6.59B | $-5.26B | $-5.05B | $-4.79B | $-4.49B | $-3.85B | $-3.56B | $-3.33B | $-3.12B | $-2.90B |
| Treasury Stock | - | - | - | - | - | - | - | - | - | - | - | - | - | $95.34M |
| Total Stockholders Equity | $978.07M | $1.42B | $1.68B | $1.86B | $1.73B | $3.03B | $2.99B | $2.93B | $2.90B | $3.51B | $3.74B | $3.92B | $4.06B | $4.22B |
| Total Liabilities & Equity | $2.59B | $3.10B | $3.35B | $3.63B | $3.60B | $4.72B | $4.78B | $4.85B | $4.90B | $5.45B | $5.58B | $5.65B | $5.76B | $5.86B |
| Breakdown | Q4 2025 (Dec 31, 2025) |
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) |
Q4 2022 (Dec 31, 2022) |
Q3 2022 (Sep 30, 2022) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $-845.97M | $-361.87M | $-423.75M | $-196.66M | $-1.34B | $-769.28M | $-558.11M | $-295.78M | $-642.39M | $-726.44M | $-442.96M | $-206.56M | $-223.47M | $-500.54M |
| Stock-based Compensation | $14.14M | $36.40M | $24.17M | $11.09M | $18.08M | $64.12M | $40.01M | $13.70M | $33.83M | $129.07M | $83.22M | $43.30M | $44.64M | $134.98M |
| Change in Receivables | $21.22M | $-15.87M | $-13.83M | $-12.25M | $20.39M | $-78.05M | $-55.26M | $-96.44M | $88.08M | $34.69M | $88.09M | $-1.73M | $28.94M | $1.98M |
| Change in Inventory | $-19.37M | $-32.52M | $-16.36M | $18.36M | $-98.42M | $-30.87M | $11.93M | $38.31M | $-3.11M | $411.74M | $269.71M | $129.57M | $117.94M | $245.77M |
| Operating Cash Flow | $-148.64M | $-387.19M | $-297.38M | $-105.57M | $-131.24M | $-597.40M | $-422.47M | $-167.73M | $-242.65M | $-863.92M | $-625.01M | $-276.92M | $-306.57M | $-522.05M |
| Capital Expenditure | $4.39M | $106.77M | $79.07M | $40.45M | $33.95M | $253.15M | $193.92M | $92.62M | $181.18M | $484.03M | $319.32M | $168.56M | $119.06M | $317.55M |
| Acquisitions | - | - | - | - | - | - | - | - | - | - | - | - | $30.43M | $26.47M |
| Sales of Investments | - | - | - | - | - | - | - | - | $45.00M | $961.16M | $908.75M | $315.83M | $38.50M | $209.38M |
| Investing Cash Flow | $-21.30M | $-117.71M | $-87.32M | $-46.57M | $-43.84M | $-358.53M | $-268.66M | $-120.58M | $267.56M | $460.49M | $605.49M | $95.80M | $-658.72M | $-20.65M |
| Debt Repayment | $252.48M | $11.40M | $688.00K | $344.00K | $2.80M | $726.00K | $685.00K | $300.00K | $300.00K | $5.71M | $5.41M | - | $58.59M | - |
| Stock Issued | $-29.59M | $351.95M | $276.19M | $276.05M | $64.62M | $793.25M | $572.12M | $305.35M | - | - | - | - | - | - |
| Financing Cash Flow | $316.87M | $313.08M | $226.06M | $193.23M | $204.00M | $779.17M | $526.75M | $283.06M | $-8.33M | $14.45M | $25.64M | $7.18M | $-36.14M | $-41.31M |
| Net Change in Cash | $202.65M | $-39.80M | $-64.96M | $90.15M | $111.75M | $-41.09M | $-72.67M | $37.84M | $24.22M | $-579.82M | $-111.21M | $-215.77M | $-1.06B | $-733.52M |
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 | $177.06M | - | $484.70M | - |
| Cost of Revenue | $297.22M | - | $732.19M | - |
| Gross Profit | $-120.17M | - | $-247.49M | - |
| Operating Expenses | $228.62M | - | $456.70M | - |
| Research & Development | $16.12M | - | $45.67M | - |
| Selling General & Admin | $110.59M | - | $279.32M | - |
| Operating Income | $-348.79M | - | $-704.19M | - |
| Interest Expense | $16.46M | - | $43.88M | - |
| Other Income/Expense | $3.50M | - | $8.61M | - |
| Income Before Tax | $-363.41M | - | $-788.99M | - |
| Income Tax Expense | $92.00K | - | $104.00K | - |
| Net Income | $-361.87M | $-262.33M | $-785.62M | - |
| Basic EPS | -0.31 | - | -0.73 | - |
| Diluted EPS | -0.31 | - | -0.73 | - |
| Basic Shares Outstanding | $1.16B | - | $1.08B | - |
| Diluted Shares Outstanding | $1.16B | - | $1.08B | - |
Condensed Consolidated Balance Sheets
| Description | Sep 30, 2025 | Dec 31, 2024 |
|---|---|---|
| Cash & Cash Equivalents | $165.90M | $205.69M |
| Accounts Receivable | $124.03M | $157.24M |
| Inventory | $555.09M | $682.64M |
| Other Current Assets | $87.66M | $139.84M |
| Total Current Assets | $1.19B | $1.48B |
| Property Plant & Equipment | $877.35M | $866.33M |
| Intangible Assets | $77.95M | $84.66M |
| Total Assets | $3.10B | $3.60B |
| Accounts Payable | $162.22M | $180.97M |
| Accrued Liabilities | $122.36M | $103.14M |
| Deferred Revenue | $88.17M | $144.09M |
| Total Current Liabilities | $902.51M | $748.49M |
| Total Liabilities | $1.61B | $1.80B |
| Common Stock | $12.19M | $9.34M |
| Retained Earnings | $-7.38B | $-6.59B |
| Total Stockholders Equity | $1.42B | $1.73B |
| Total Liabilities & Equity | $3.10B | $3.60B |
Condensed Consolidated Statements of Cash Flows
| Description | Sep 30, 2025 | Sep 30, 2025 | ||
|---|---|---|---|---|
| Current | Prior Year | Current YTD | Prior Year YTD | |
| Net Income | $-361.87M | $-262.33M | $-785.62M | - |
| Stock-based Compensation | - | - | $36.40M | - |
| Change in Receivables | - | - | $-15.87M | - |
| Change in Inventory | - | - | $-32.52M | - |
| Operating Cash Flow | - | - | $-387.19M | - |
| Capital Expenditure | - | - | $106.77M | - |
| Investing Cash Flow | - | - | $-117.71M | - |
| Debt Repayment | - | - | $11.40M | - |
| Stock Issued | - | - | $351.95M | - |
| Financing Cash Flow | - | - | $313.08M | - |
| Net Change in Cash | - | - | $-39.80M | - |
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.