$361.07M
Revenue
$-10.85M
Net Income
52.53%
Gross Margin
-0.20%
Op. Margin
$47.19M
Free Cash Flow
| Breakdown | TTM (Dec 31, 2025) |
FY 2025 (Dec 31, 2025) |
FY 2024 (Dec 31, 2024) |
FY 2023 (Dec 31, 2023) |
FY 2022 (Dec 31, 2022) |
FY 2021 (Dec 31, 2021) |
FY 2020 (Dec 31, 2020) |
FY 2019 (Dec 31, 2019) |
FY 2018 (Dec 31, 2018) |
FY 2017 (Dec 31, 2017) |
FY 2016 (Dec 31, 2016) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | $361.07M | $361.07M | $366.09M | $307.54M | $257.80M | $190.28M | $138.92M | $152.84M | $122.63M | $125.30M | $112.29M |
| Revenue Growth % | 0.0% | -1.4% | 19.0% | 19.3% | 35.5% | 37.0% | -9.1% | 24.6% | -2.1% | 11.6% | nan% |
| Cost of Revenue | $171.40M | $171.40M | $177.23M | $155.56M | $119.92M | $91.33M | $73.78M | $78.83M | $64.35M | $60.36M | $52.83M |
| Gross Profit | $189.68M | $189.68M | $188.85M | $151.98M | $137.88M | $98.95M | $65.14M | $74.00M | $58.28M | $64.94M | $59.45M |
| Gross Margin % | 52.5% | 52.5% | 51.6% | 49.4% | 53.5% | 52.0% | 46.9% | 48.4% | 47.5% | 51.8% | 52.9% |
| Operating Expenses | $190.41M | $190.41M | $195.92M | $195.47M | $157.36M | $136.20M | $112.21M | $95.66M | $93.15M | $81.96M | $59.94M |
| Research & Development | $102.61M | $102.61M | $98.83M | $88.56M | $74.11M | $64.06M | $48.59M | $38.88M | $34.17M | $32.22M | $25.18M |
| Operating Income | $-737.00K | $-737.00K | $-7.07M | $-43.48M | $-19.48M | $-37.25M | $-47.07M | $-21.66M | $-34.87M | $-17.02M | $-488.00K |
| Operating Margin % | -0.2% | -0.2% | -1.9% | -14.1% | -7.6% | -19.6% | -33.9% | -14.2% | -28.4% | -13.6% | -0.4% |
| Interest Expense | $4.37M | $4.37M | $4.87M | $4.85M | $4.92M | $2.55M | $5.41M | $1.79M | $1.40M | $908.00K | $1.63M |
| Other Income/Expense | $9.21M | $9.21M | $7.94M | $4.64M | $2.52M | $25.00K | $650.00K | $1.24M | $808.00K | $508.00K | $616.00K |
| Income Before Tax | $-10.92M | $-10.92M | $40.99M | $-43.69M | $-24.12M | $-51.11M | $-51.83M | $-22.79M | $-35.46M | $-17.42M | $-1.50M |
| Income Tax Expense | $-69.00K | $-69.00K | $157.00K | $-322.00K | $184.00K | $153.00K | $89.00K | $198.00K | $-233.00K | $-97.00K | $168.00K |
| Net Income | $-10.85M | $-10.85M | $40.84M | $-43.37M | $-24.30M | $-51.26M | $-51.92M | $-22.99M | $-35.23M | $-17.32M | $-1.67M |
| Net Margin % | -3.0% | -3.0% | 11.2% | -14.1% | -9.4% | -26.9% | -37.4% | -15.0% | -28.7% | -13.8% | -1.5% |
| Basic EPS | -0.38 | -0.37 | 1.46 | -1.62 | -0.95 | -2.12 | -2.28 | nan | nan | nan | nan |
| Diluted EPS | -0.39 | -0.37 | 1.39 | -1.62 | -0.95 | -2.12 | -2.28 | nan | nan | nan | nan |
| Basic Shares Outstanding | - | 29.3M | 28.0M | 26.8M | 25.5M | 24.2M | 22.8M | - | - | - | - |
| Diluted Shares Outstanding | - | 29.3M | 29.5M | 26.8M | 25.5M | 24.2M | 22.8M | - | - | - | - |
| Breakdown | FY 2025 (Dec 31, 2025) |
FY 2024 (Dec 31, 2024) |
FY 2023 (Dec 31, 2023) |
FY 2022 (Dec 31, 2022) |
FY 2021 (Dec 31, 2021) |
FY 2020 (Dec 31, 2020) |
FY 2019 (Dec 31, 2019) |
FY 2018 (Dec 31, 2018) |
FY 2017 (Dec 31, 2017) |
FY 2016 (Dec 31, 2016) |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Cash Equivalents | $48.21M | $46.05M | $94.79M | $19.60M | $123.90M | $23.64M | $66.90M | $17.53M | $19.29M | $33.64M |
| Short-term Investments | $127.13M | $118.66M | $18.44M | $154.15M | $69.44M | $82.45M | $49.60M | $38.54M | $38.83M | $66.91M |
| Accounts Receivable | $70.78M | $56.80M | $54.92M | $50.00M | $35.45M | $25.00M | $23.73M | $18.46M | $22.24M | $17.45M |
| Inventory | $84.96M | $99.35M | $97.17M | $46.40M | $21.96M | $36.33M | $34.15M | $44.73M | $47.08M | $27.73M |
| Other Current Assets | $8.13M | $5.54M | $4.37M | $5.03M | $5.05M | $3.94M | $2.39M | $1.95M | $2.36M | $3.00M |
| Total Current Assets | $339.22M | $326.40M | $269.70M | $275.17M | $255.80M | $171.36M | $176.77M | $121.21M | $129.80M | $148.73M |
| Property Plant & Equipment | $50.29M | $50.61M | $44.89M | $39.03M | $27.50M | $16.53M | $17.44M | $19.78M | $18.11M | $14.93M |
| Goodwill | $20.72M | $18.72M | $19.70M | $3.88M | $3.88M | - | - | - | - | $3.88M |
| Intangible Assets | $9.50M | $10.29M | $13.91M | - | - | - | - | - | - | - |
| Long-term Investments | $103.77M | $74.87M | - | $19.20M | $14.22M | - | - | - | - | - |
| Other Non-current Assets | $795.00K | $1.04M | $1.48M | $1.97M | $2.46M | $2.08M | $453.00K | $196.00K | $241.00K | - |
| Total Assets | $545.19M | $489.08M | $359.41M | $349.74M | $315.54M | $207.62M | $215.05M | $145.07M | $152.03M | $167.54M |
| Accounts Payable | $13.61M | $17.25M | $8.66M | $25.02M | $11.73M | $10.14M | $5.60M | $4.64M | $4.67M | $7.17M |
| Accrued Liabilities | - | - | - | - | - | - | $3.75M | $2.89M | $3.16M | $6.10M |
| Deferred Revenue | $1.79M | $1.85M | $1.71M | $2.25M | $558.00K | $6.81M | $551.00K | $649.00K | $714.00K | $445.00K |
| Total Current Liabilities | $126.53M | $331.18M | $30.88M | $42.37M | $35.50M | $27.59M | $19.50M | $23.02M | $19.92M | $25.38M |
| Long-term Debt | $280.89M | $283.49M | $281.86M | $280.24M | $278.66M | $54.56M | $50.88M | $17.63M | $5.50M | $9.68M |
| Deferred Tax Liabilities | $2.06M | $2.20M | $2.91M | $118.00K | - | - | - | - | - | - |
| Other Non-current Liabilities | - | - | - | $118.00K | $279.00K | $805.00K | $313.00K | $304.00K | $532.00K | $770.00K |
| Total Liabilities | $335.95M | $339.22M | $325.28M | $334.15M | $326.61M | $98.50M | $89.81M | $47.19M | $33.09M | $43.51M |
| Common Stock | $30.00K | $29.00K | $27.00K | $26.00K | $25.00K | $23.00K | $22.00K | $21.00K | $21.00K | $20.00K |
| Retained Earnings | $-400.16M | $-389.31M | $-430.15M | $-386.79M | $-362.48M | $-314.67M | $-262.74M | $-239.76M | $-204.53M | $-187.20M |
| Total Stockholders Equity | $209.23M | $149.86M | $34.13M | $15.59M | $-11.08M | $109.12M | $125.24M | $97.88M | $118.94M | $124.02M |
| Total Liabilities & Equity | $545.19M | $489.08M | $359.41M | $349.74M | $315.54M | $207.62M | $215.05M | $145.07M | $152.03M | $167.54M |
| Breakdown | TTM (Dec 31, 2025) |
FY 2025 (Dec 31, 2025) |
FY 2024 (Dec 31, 2024) |
FY 2023 (Dec 31, 2023) |
FY 2022 (Dec 31, 2022) |
FY 2021 (Dec 31, 2021) |
FY 2020 (Dec 31, 2020) |
FY 2019 (Dec 31, 2019) |
FY 2018 (Dec 31, 2018) |
FY 2017 (Dec 31, 2017) |
FY 2016 (Dec 31, 2016) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $-19.30M | $-10.85M | $40.84M | $-43.37M | $-24.30M | $-51.26M | $-51.92M | $-22.99M | $-35.23M | $-17.32M | $-1.67M |
| Depreciation & Amortization | $25.79M | $15.04M | $13.59M | $13.62M | $6.04M | $4.60M | - | - | - | $3.95M | $2.87M |
| Stock-based Compensation | $93.33M | $55.26M | $56.55M | $47.99M | $42.44M | $40.50M | $25.68M | $18.49M | $11.32M | $7.43M | $2.77M |
| Deferred Income Tax | $-681.00K | $-396.00K | $-567.00K | $-931.00K | $6.00K | $8.00K | - | - | - | - | - |
| Change in Receivables | $12.02M | $13.73M | $2.00M | $3.71M | $14.55M | $10.45M | $1.27M | $5.27M | $-3.78M | $4.82M | $4.51M |
| Change in Inventory | $-18.62M | $-14.49M | $2.22M | $49.58M | $24.44M | $-14.37M | $2.18M | $-10.57M | $-2.36M | $19.35M | $15.90M |
| Change in Payables | $-15.41M | $-3.38M | $9.27M | $-12.30M | $7.37M | $2.34M | $3.49M | $1.05M | $326.00K | $-2.84M | $3.88M |
| Operating Cash Flow | $70.32M | $58.75M | $128.31M | $-49.38M | $641.00K | $6.46M | $-16.88M | $4.71M | $-11.78M | $-35.89M | $-9.50M |
| Capital Expenditure | $23.13M | $12.86M | $17.11M | $18.59M | $12.08M | $16.23M | $3.07M | $2.43M | $6.37M | $6.55M | $3.53M |
| Acquisitions | - | - | - | $23.36M | - | - | - | - | - | - | - |
| Purchases of Investments | $335.79M | $202.77M | $202.06M | - | $205.75M | $84.41M | $82.73M | $72.41M | $51.65M | $49.12M | $67.10M |
| Sales of Investments | - | $12.94M | - | $13.37M | - | - | - | - | - | - | - |
| Investing Cash Flow | $-58.48M | $-48.02M | $-192.57M | $115.81M | $-102.80M | $-18.64M | $-36.29M | $-13.10M | $-5.67M | $21.40M | $-70.63M |
| Debt Repayment | - | $190.00M | - | - | $17.56M | - | - | $28.19M | $2.45M | $2.77M | $65.32M |
| Financing Cash Flow | $1.09M | $-8.93M | $15.68M | $8.74M | $-2.15M | $112.44M | $9.90M | $57.76M | $15.69M | $137.00K | $103.64M |
| Net Change in Cash | $13.78M | $2.15M | $-48.74M | $75.20M | $-104.31M | $100.27M | $-43.26M | $49.37M | $-1.75M | $-14.35M | $23.52M |
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 | $96.06M | - | $268.23M | - |
| Cost of Revenue | $47.73M | - | $126.60M | - |
| Gross Profit | $48.33M | - | $141.62M | - |
| Operating Expenses | $47.67M | - | $139.66M | - |
| Research & Development | $25.72M | - | $75.69M | - |
| Operating Income | $656.00K | - | $1.96M | - |
| Interest Expense | $1.12M | - | $3.57M | - |
| Other Income/Expense | $2.59M | - | $6.71M | - |
| Income Before Tax | $-12.90M | - | $-9.93M | - |
| Income Tax Expense | $-89.00K | - | $-221.00K | - |
| Net Income | $-12.81M | $9.96M | $-9.71M | - |
| Basic EPS | -0.44 | - | -0.33 | - |
| Diluted EPS | -0.44 | - | -0.33 | - |
| Basic Shares Outstanding | $29.34M | - | $29.00M | - |
| Diluted Shares Outstanding | $29.34M | - | $29.00M | - |
Condensed Consolidated Balance Sheets
| Description | Sep 30, 2025 | Dec 31, 2024 |
|---|---|---|
| Cash & Cash Equivalents | $51.73M | $46.05M |
| Short-term Investments | $138.35M | $118.66M |
| Accounts Receivable | $61.19M | $56.80M |
| Inventory | $92.64M | $99.35M |
| Other Current Assets | $7.87M | $5.54M |
| Total Current Assets | $351.78M | $326.40M |
| Property Plant & Equipment | $52.35M | $50.61M |
| Goodwill | $20.70M | $18.72M |
| Intangible Assets | $10.03M | $10.29M |
| Long-term Investments | $75.04M | $74.87M |
| Other Non-current Assets | $870.00K | $1.04M |
| Total Assets | $516.46M | $489.08M |
| Accounts Payable | $16.17M | $17.25M |
| Deferred Revenue | $2.22M | $1.85M |
| Total Current Liabilities | $131.79M | $331.18M |
| Long-term Debt | $183.75M | - |
| Deferred Tax Liabilities | $2.16M | $2.20M |
| Total Liabilities | $321.50M | $339.22M |
| Common Stock | $30.00K | $29.00K |
| Retained Earnings | $-399.02M | $-389.31M |
| Total Stockholders Equity | $194.96M | $149.86M |
| Total Liabilities & Equity | $516.46M | $489.08M |
Condensed Consolidated Statements of Cash Flows
| Description | Sep 30, 2025 | Sep 30, 2025 | ||
|---|---|---|---|---|
| Current | Prior Year | Current YTD | Prior Year YTD | |
| Net Income | $-12.81M | $9.96M | $-9.71M | - |
| Depreciation & Amortization | - | - | $11.08M | - |
| Stock-based Compensation | - | - | $40.10M | - |
| Deferred Income Tax | - | - | $-297.00K | - |
| Change in Receivables | - | - | $4.15M | - |
| Change in Inventory | - | - | $-6.81M | - |
| Change in Payables | - | - | $-977.00K | - |
| Operating Cash Flow | - | - | $43.61M | - |
| Capital Expenditure | - | - | $11.34M | - |
| Purchases of Investments | - | - | $146.29M | - |
| Sales of Investments | - | - | $12.94M | - |
| Investing Cash Flow | - | - | $-29.22M | - |
| Debt Repayment | - | - | $190.00M | - |
| Financing Cash Flow | - | - | $-9.08M | - |
| Net Change in Cash | - | - | $5.67M | - |
All values are in USD (United States Dollars). Data is sourced from SEC EDGAR 10-K filings.
Annual data represents full fiscal year results. FY = Fiscal Year ending.