$3.25B
Revenue
$-207.95M
Net Income
69.69%
Gross Margin
-6.35%
Op. Margin
$402.73M
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) |
|---|---|---|---|---|---|---|
| Total Revenue | $3.25B | $3.25B | $2.76B | $2.50B | $2.08B | $1.77B |
| Revenue Growth % | 0.0% | 17.7% | 10.4% | 19.9% | 17.9% | nan% |
| Cost of Revenue | $984.24M | $984.24M | $840.15M | $654.25M | $574.39M | $458.76M |
| Gross Profit | $2.26B | $2.26B | $1.92B | $1.76B | $1.42B | - |
| Gross Margin % | 69.7% | 69.7% | 69.5% | 70.5% | 68.3% | nan% |
| Operating Expenses | $2.47B | $2.47B | $2.98B | $2.06B | $2.00B | $2.62B |
| Research & Development | $523.00M | $523.00M | $431.21M | $425.88M | $393.42M | $385.65M |
| Operating Income | $-206.30M | $-206.30M | $-1.05B | $-215.01M | $-593.51M | $-855.68M |
| Operating Margin % | -6.4% | -6.4% | -38.0% | -8.6% | -28.5% | -48.4% |
| Interest Expense | $52.65M | $32.87M | $22.31M | $19.45M | $19.63M | $18.61M |
| Interest Income | - | - | - | - | - | $31.78M |
| Other Income/Expense | $2.41M | $2.41M | $12.54M | $13.27M | $-39.06M | $13.17M |
| Income Before Tax | $-203.89M | $-203.89M | $-1.04B | $-201.75M | $-632.57M | $-842.51M |
| Income Tax Expense | $4.06M | $4.06M | $-7.30M | $2.40M | $-9.06M | $-246.88M |
| Net Income | $-207.95M | $-207.95M | $-1.03B | $-204.15M | $-623.51M | $-595.62M |
| Net Margin % | -6.4% | -6.4% | -37.3% | -8.2% | -29.9% | -33.7% |
| Basic EPS | -1.10 | -1.10 | -5.59 | -1.13 | -3.54 | -3.48 |
| Diluted EPS | -1.10 | -1.10 | -5.59 | -1.13 | -3.54 | -3.48 |
| Basic Shares Outstanding | - | 188.7M | 184.2M | 180.1M | 176.4M | 171.3M |
| Diluted Shares Outstanding | - | 188.7M | 184.2M | 180.1M | 176.4M | 171.3M |
| 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) |
|---|---|---|---|---|---|
| Cash & Cash Equivalents | $956.00M | $600.89M | $605.38M | $242.49M | $315.47M |
| Short-term Investments | $8.71M | $437.14M | $172.27M | $389.56M | $715.00M |
| Accounts Receivable | $298.65M | $248.97M | $203.62M | $158.04M | $216.65M |
| Inventory | $166.20M | $162.38M | $127.47M | $118.26M | $104.99M |
| Other Current Assets | $126.28M | $122.05M | $85.63M | $73.90M | $74.12M |
| Total Current Assets | $1.56B | $1.57B | $1.19B | $982.26M | $1.43B |
| Property Plant & Equipment | $708.66M | $693.67M | $698.35M | $684.76M | $580.25M |
| Goodwill | $2.37B | $2.37B | $2.37B | $2.35B | $2.34B |
| Intangible Assets | $919.92M | $1.01B | $1.89B | $1.96B | $2.09B |
| Other Non-current Assets | $185.81M | $169.72M | $177.39M | $90.58M | $74.59M |
| Total Assets | $5.86B | $5.93B | $6.47B | $6.23B | $6.68B |
| Accounts Payable | $175.87M | $89.57M | $78.82M | $74.92M | $67.83M |
| Accrued Liabilities | $416.47M | $328.29M | $341.68M | $299.22M | $398.56M |
| Other Current Liabilities | $15.22M | $37.77M | $14.82M | $10.25M | $30.97M |
| Total Current Liabilities | $641.15M | $732.19M | $514.70M | $412.75M | $517.07M |
| Other Non-current Liabilities | $329.32M | $315.50M | $335.98M | $352.46M | $417.78M |
| Total Liabilities | $3.46B | $3.53B | $3.33B | $3.18B | $3.30B |
| Common Stock | $1.91M | $1.86M | $1.81M | $1.78M | $1.74M |
| Retained Earnings | $-4.71B | $-4.50B | $-3.47B | $-3.27B | $-2.64B |
| Total Stockholders Equity | $2.40B | $2.40B | $3.15B | $3.04B | $3.39B |
| Total Liabilities & Equity | $5.86B | $5.93B | $6.47B | $6.23B | $6.68B |
| 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) |
|---|---|---|---|---|---|---|
| Net Income | $-309.16M | $-207.95M | $-1.03B | $-204.15M | $-623.51M | $-595.62M |
| Stock-based Compensation | $382.69M | $217.67M | $214.88M | $231.31M | $206.82M | $253.06M |
| Deferred Income Tax | $-3.56M | $-1.54M | $-10.12M | $-955.00K | $-11.90M | - |
| Change in Receivables | $182.05M | $48.89M | $46.26M | $43.42M | $-61.09M | $-25.15M |
| Change in Inventory | $27.02M | $3.77M | $34.91M | $7.69M | $13.23M | $9.22M |
| Change in Payables | $370.72M | $214.04M | $43.54M | $82.75M | $-52.18M | $169.80M |
| Operating Cash Flow | $642.07M | $491.44M | $210.54M | $156.12M | $-223.56M | $-102.24M |
| Capital Expenditure | $239.35M | $134.66M | $135.99M | $124.19M | $214.46M | $135.77M |
| Acquisitions | - | - | - | $52.41M | $14.69M | $499.73M |
| Purchases of Investments | $314.38M | $140.27M | $465.03M | $139.85M | $131.49M | $1.16B |
| Investing Cash Flow | $351.14M | $195.12M | $-442.15M | $49.68M | $74.07M | $-1.08B |
| Stock Issued | - | - | - | - | - | - |
| Financing Cash Flow | $-854.95M | $-338.09M | $231.87M | $159.77M | $76.48M | $8.47M |
| Net Change in Cash | $140.31M | $349.36M | $-3.04M | $366.88M | $-72.98M | $-1.18B |
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 | $850.74M | - | $2.37B | - |
| Cost of Revenue | $266.81M | - | $721.68M | - |
| Gross Profit | $583.93M | - | $1.65B | - |
| Operating Expenses | $609.47M | - | $1.77B | - |
| Research & Development | $117.29M | - | $331.50M | - |
| Operating Income | $-25.55M | - | $-123.70M | - |
| Interest Expense | $9.79M | - | $24.28M | - |
| Other Income/Expense | $7.79M | - | $4.90M | - |
| Income Before Tax | $-17.76M | - | $-118.81M | - |
| Income Tax Expense | $1.84M | - | $3.19M | - |
| Net Income | $-19.59M | $-15.81M | $-121.99M | - |
| Basic EPS | -0.10 | - | -0.65 | - |
| Diluted EPS | -0.10 | - | -0.65 | - |
| Basic Shares Outstanding | $189.26M | - | $188.34M | - |
| Diluted Shares Outstanding | $189.26M | - | $188.34M | - |
Condensed Consolidated Balance Sheets
| Description | Sep 30, 2025 | Dec 31, 2024 |
|---|---|---|
| Cash & Cash Equivalents | $789.04M | $600.89M |
| Short-term Investments | $214.06M | $437.14M |
| Accounts Receivable | $306.05M | $248.97M |
| Inventory | $164.78M | $162.38M |
| Other Current Assets | $116.80M | $122.05M |
| Total Current Assets | $1.59B | $1.57B |
| Property Plant & Equipment | $704.07M | $693.67M |
| Goodwill | $2.37B | $2.37B |
| Intangible Assets | $941.20M | $1.01B |
| Other Non-current Assets | $174.88M | $169.72M |
| Total Assets | $5.90B | $5.93B |
| Accounts Payable | $129.36M | $89.57M |
| Accrued Liabilities | $408.77M | $328.29M |
| Other Current Liabilities | $14.28M | $37.77M |
| Total Current Liabilities | $584.26M | $732.19M |
| Other Non-current Liabilities | $324.81M | $315.50M |
| Total Liabilities | $3.40B | $3.53B |
| Common Stock | $1.90M | $1.86M |
| Retained Earnings | $-4.62B | $-4.50B |
| Total Stockholders Equity | $2.50B | $2.40B |
| Total Liabilities & Equity | $5.90B | $5.93B |
Condensed Consolidated Statements of Cash Flows
| Description | Sep 30, 2025 | Sep 30, 2025 | ||
|---|---|---|---|---|
| Current | Prior Year | Current YTD | Prior Year YTD | |
| Net Income | $-19.59M | $-15.81M | $-121.99M | - |
| Stock-based Compensation | - | - | $162.02M | - |
| Deferred Income Tax | - | - | $-512.00K | - |
| Change in Receivables | - | - | $56.23M | - |
| Change in Inventory | - | - | $2.36M | - |
| Change in Payables | - | - | $165.18M | - |
| Operating Cash Flow | - | - | $339.75M | - |
| Capital Expenditure | - | - | $103.41M | - |
| Purchases of Investments | - | - | $140.27M | - |
| Investing Cash Flow | - | - | $104.00M | - |
| Financing Cash Flow | - | - | $-262.22M | - |
| Net Change in Cash | - | - | $182.40M | - |
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.