$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) |
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) |
FY 2015 (Dec 31, 2015) |
FY 2014 (Dec 31, 2014) |
FY 2013 (Dec 31, 2013) |
FY 2012 (Dec 31, 2012) |
FY 2011 (Dec 31, 2011) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | $3.25B | $3.25B | $2.76B | $2.50B | $2.08B | $1.77B | $1.49B | $876.29M | $454.46M | $265.99M | $99.38M | $39.44M | $1.80M | $4.14M | $4.14M | $4.16M |
| Revenue Growth % | 0.0% | 17.7% | 10.4% | 19.9% | 17.9% | 18.5% | 70.2% | 92.8% | 70.9% | 167.7% | 152.0% | 2093.4% | -56.6% | 0.0% | -0.5% | nan% |
| Cost of Revenue | $984.24M | $984.24M | $840.15M | $654.25M | $574.39M | $458.76M | $354.32M | $216.72M | $116.64M | $78.31M | $45.20M | $24.50M | $4.33M | - | - | $24.00K |
| Gross Profit | $2.26B | $2.26B | $1.92B | $1.76B | $1.42B | - | - | - | $336.48M | $186.79M | $54.18M | $14.94M | $-2.53M | $4.14M | $4.14M | $4.14M |
| Gross Margin % | 69.7% | 69.7% | 69.5% | 70.5% | 68.3% | nan% | nan% | nan% | 74.0% | 70.2% | 54.5% | 37.9% | -140.5% | 100.0% | 100.0% | 99.4% |
| Operating Expenses | $2.47B | $2.47B | $2.98B | $2.06B | $2.00B | $2.62B | $2.28B | $1.11B | $495.95M | $305.10M | $223.20M | $174.00M | $98.01M | $50.91M | $56.79M | $32.96M |
| Research & Development | $523.00M | $523.00M | $431.21M | $425.88M | $393.42M | $385.65M | $554.05M | $139.69M | $67.28M | $42.10M | $33.47M | $33.91M | $28.67M | $27.68M | $42.13M | $21.97M |
| Operating Income | $-206.30M | $-206.30M | $-1.05B | $-215.01M | $-593.51M | $-855.68M | $-768.02M | $-233.78M | $-159.47M | $-118.31M | $-169.02M | $-159.07M | $-100.54M | $-46.76M | $-52.64M | $-28.82M |
| Operating Margin % | -6.4% | -6.4% | -38.0% | -8.6% | -28.5% | -48.4% | -51.5% | -26.7% | -35.1% | -44.5% | -170.1% | -403.3% | -5591.7% | -1128.4% | -1270.3% | -692.4% |
| Interest Expense | $52.65M | $32.87M | $22.31M | $19.45M | $19.63M | $18.61M | $95.98M | $61.60M | $36.79M | $201.00K | $209.00K | $6.00K | $51.00K | $69.00K | $41.00K | $21.00K |
| Interest Income | - | - | - | - | - | $31.78M | $6.90M | $26.53M | $21.20M | $3.93M | $2.02M | $1.27M | $542.00K | $316.00K | $262.00K | $169.00K |
| Other Income/Expense | $2.41M | $2.41M | $12.54M | $13.27M | $-39.06M | $13.17M | $-89.09M | $-35.07M | $-15.59M | $3.73M | $1.80M | $1.26M | $491.00K | $247.00K | $221.00K | - |
| Income Before Tax | $-203.89M | $-203.89M | $-1.04B | $-201.75M | $-632.57M | $-842.51M | $-857.11M | $-268.85M | $-175.06M | $-114.58M | $-167.21M | $-157.80M | - | - | - | - |
| Income Tax Expense | $4.06M | $4.06M | $-7.30M | $2.40M | $-9.06M | $-246.88M | $-8.57M | $-184.86M | $92.00K | $-187.00K | - | - | - | - | - | - |
| Net Income | $-207.95M | $-207.95M | $-1.03B | $-204.15M | $-623.51M | $-595.62M | $-848.53M | $-83.99M | $-175.15M | $-114.40M | $-167.21M | $-157.80M | $-100.05M | $-46.51M | $-52.42M | $-28.68M |
| Net Margin % | -6.4% | -6.4% | -37.3% | -8.2% | -29.9% | -33.7% | -56.9% | -9.6% | -38.5% | -43.0% | -168.3% | -400.1% | -5564.4% | -1122.4% | -1265.0% | -688.8% |
| Basic EPS | -1.10 | -1.10 | -5.59 | -1.13 | -3.54 | -3.48 | -5.45 | -1.62 | nan | nan | nan | nan | nan | nan | nan | nan |
| Diluted EPS | -1.10 | -1.10 | -5.59 | -1.13 | -3.54 | -3.48 | -5.45 | -1.62 | nan | nan | nan | nan | nan | nan | nan | nan |
| Basic Shares Outstanding | - | 188.7M | 184.2M | 180.1M | 176.4M | 171.3M | 151.1M | 131.3M | - | - | - | - | - | - | - | 52.5M |
| Diluted Shares Outstanding | - | 188.7M | 184.2M | 180.1M | 176.4M | 171.3M | 151.1M | 131.3M | - | - | - | - | - | - | - | 52.5M |
| 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) |
FY 2015 (Dec 31, 2015) |
FY 2014 (Dec 31, 2014) |
FY 2013 (Dec 31, 2013) |
FY 2012 (Dec 31, 2012) |
FY 2011 (Dec 31, 2011) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Cash Equivalents | $956.00M | $600.89M | $605.38M | $242.49M | $315.47M | $1.49B | $177.25M | $160.43M | $77.49M | $48.92M | $41.13M | $58.13M | $12.85M | $13.35M | $35.78M |
| Short-term Investments | $8.71M | $437.14M | $172.27M | $389.56M | $715.00M | $348.70M | $146.40M | $963.75M | $347.22M | $262.18M | $265.74M | $224.62M | $120.41M | $94.78M | $57.58M |
| Accounts Receivable | $298.65M | $248.97M | $203.62M | $158.04M | $216.65M | $233.19M | $130.67M | $45.33M | $26.42M | $8.53M | $4.93M | $1.38M | - | - | - |
| Inventory | $166.20M | $162.38M | $127.47M | $118.26M | $104.99M | $92.27M | $61.72M | $39.15M | $26.03M | $6.83M | $6.68M | $4.02M | - | - | - |
| Other Current Assets | $126.28M | $122.05M | $85.63M | $73.90M | $74.12M | $33.16M | $40.91M | $19.41M | $10.05M | $7.11M | $7.64M | $3.53M | $2.20M | $593.00K | $1.03M |
| Total Current Assets | $1.56B | $1.57B | $1.19B | $982.26M | $1.43B | $2.20B | $556.96M | $1.23B | $487.22M | $333.57M | $326.13M | $291.68M | $135.46M | $108.71M | $94.39M |
| Property Plant & Equipment | $708.66M | $693.67M | $698.35M | $684.76M | $580.25M | $450.68M | $455.32M | $245.26M | $79.99M | $38.14M | $34.10M | $19.95M | $11.17M | $3.40M | $2.56M |
| Goodwill | $2.37B | $2.37B | $2.37B | $2.35B | $2.34B | $1.24B | $1.20B | $17.28M | $1.98M | - | - | - | - | - | - |
| Intangible Assets | $919.92M | $1.01B | $1.89B | $1.96B | $2.09B | $848.43M | $1.14B | $29.00M | $22.16M | $1.55M | - | - | - | - | - |
| Other Non-current Assets | $185.81M | $169.72M | $177.39M | $90.58M | $74.59M | $63.77M | $20.29M | $4.42M | $9.20M | $5.33M | $4.07M | $1.20M | - | - | - |
| Total Assets | $5.86B | $5.93B | $6.47B | $6.23B | $6.68B | $4.93B | $3.51B | $1.52B | $598.56M | $377.04M | $364.30M | $311.62M | $146.63M | $112.12M | $96.95M |
| Accounts Payable | $175.87M | $89.57M | $78.82M | $74.92M | $67.83M | $35.71M | $25.97M | $28.14M | $16.14M | $710.00K | $3.31M | $2.65M | $761.00K | $3.65M | $765.00K |
| Accrued Liabilities | $416.47M | $328.29M | $341.68M | $299.22M | $398.56M | $233.60M | $193.33M | $100.64M | $49.13M | $28.11M | $22.25M | $13.96M | $5.81M | $3.33M | $3.07M |
| Deferred Revenue | - | - | - | - | - | - | - | - | - | - | - | - | $294.00K | $4.14M | $4.14M |
| Other Current Liabilities | $15.22M | $37.77M | $14.82M | $10.25M | $30.97M | $38.27M | $8.47M | $7.38M | $2.68M | $1.70M | $996.00K | $554.00K | - | - | - |
| Total Current Liabilities | $641.15M | $732.19M | $514.70M | $412.75M | $517.07M | $575.84M | $236.49M | $136.17M | $68.12M | $30.69M | $26.72M | $17.52M | $7.75M | $11.46M | $7.98M |
| Long-term Debt | - | - | - | - | - | - | $24.03M | $24.49M | $4.27M | $4.63M | $4.85M | $1.00M | $1.00M | $1.00M | $1.00M |
| Other Non-current Liabilities | $329.32M | $315.50M | $335.98M | $352.46M | $417.78M | $61.58M | $34.91M | $17.67M | $5.63M | $5.73M | $4.80M | $2.40M | - | - | - |
| Total Liabilities | $3.46B | $3.53B | $3.33B | $3.18B | $3.30B | $2.10B | $1.22B | $843.08M | $78.14M | $41.74M | $37.44M | $22.64M | $11.31M | - | - |
| Common Stock | $1.91M | $1.86M | $1.81M | $1.78M | $1.74M | $1.59M | $1.48M | $1.23M | $1.21M | $1.10M | $968.00K | $887.00K | $711.00K | $639.00K | $566.00K |
| Retained Earnings | $-4.71B | $-4.50B | $-3.47B | $-3.27B | $-2.64B | $-1.97B | $-1.12B | $-1.04B | $-860.61M | $-745.82M | $-578.61M | $-420.81M | $-320.76M | $-274.25M | $-221.82M |
| Total Stockholders Equity | $2.40B | $2.40B | $3.15B | $3.04B | $3.39B | $2.82B | $2.29B | $680.94M | $520.42M | $335.30M | $326.86M | $288.98M | $135.32M | $98.59M | $83.50M |
| Total Liabilities & Equity | $5.86B | $5.93B | $6.47B | $6.23B | $6.68B | $4.93B | $3.51B | $1.52B | $598.56M | $377.04M | $364.30M | $311.62M | $146.63M | $112.12M | $96.95M |
| 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) |
FY 2015 (Dec 31, 2015) |
FY 2014 (Dec 31, 2014) |
FY 2013 (Dec 31, 2013) |
FY 2012 (Dec 31, 2012) |
FY 2011 (Dec 31, 2011) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $-309.16M | $-207.95M | $-1.03B | $-204.15M | $-623.51M | $-595.62M | $-848.53M | $-83.99M | $-175.15M | $-114.40M | $-167.21M | $-157.80M | - | - | - | - |
| Depreciation & Amortization | - | - | - | - | - | - | - | - | - | - | - | $7.60M | $3.71M | $1.42M | $985.00K | $411.00K |
| Stock-based Compensation | $382.69M | $217.67M | $214.88M | $231.31M | $206.82M | $253.06M | $152.91M | $108.48M | $60.26M | $35.51M | $23.73M | $18.05M | $11.52M | $7.74M | $5.49M | $4.25M |
| 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 | $100.53M | $27.94M | $17.29M | $17.53M | $3.59M | $3.56M | $1.38M | - | - | - |
| Change in Inventory | $27.02M | $3.77M | $34.91M | $7.69M | $13.23M | $9.22M | $30.31M | $19.04M | $12.73M | $19.19M | $156.00K | $2.66M | $4.02M | - | - | - |
| Change in Payables | $370.72M | $214.04M | $43.54M | $82.75M | $-52.18M | $169.80M | $55.16M | $3.47M | $33.08M | $30.54M | $-2.60M | $661.00K | $1.89M | $-2.89M | $2.89M | $-263.00K |
| Operating Cash Flow | $642.07M | $491.44M | $210.54M | $156.12M | $-223.56M | $-102.24M | $136.48M | $-115.01M | $-69.33M | $-71.72M | $-130.07M | $-134.02M | - | - | - | - |
| Capital Expenditure | $239.35M | $134.66M | $135.99M | $124.19M | $214.46M | $135.77M | $64.35M | $171.80M | $150.09M | $48.48M | $14.85M | $20.08M | $12.54M | $9.28M | $681.00K | $2.12M |
| Acquisitions | - | - | - | $52.41M | $14.69M | $499.73M | $6.66M | $973.86M | $17.91M | $2.98M | - | - | - | - | - | - |
| Purchases of Investments | $314.38M | $140.27M | $465.03M | $139.85M | $131.49M | $1.16B | $1.09B | $634.12M | $1.19B | $357.05M | $189.99M | $205.05M | $209.47M | $98.51M | $96.05M | $87.02M |
| Investing Cash Flow | $351.14M | $195.12M | $-442.15M | $49.68M | $74.07M | $-1.08B | $-702.04M | $-121.07M | $-781.91M | $-160.81M | $-11.52M | $-64.75M | - | - | - | - |
| Stock Issued | - | - | - | - | - | - | $861.70M | - | - | $253.39M | $144.24M | $174.14M | $238.58M | $73.30M | $57.76M | $27.21M |
| Financing Cash Flow | $-854.95M | $-338.09M | $231.87M | $159.77M | $76.48M | $8.47M | $1.88B | $253.18M | $934.14M | $260.96M | $149.59M | $181.76M | - | - | - | - |
| Net Change in Cash | $140.31M | $349.36M | $-3.04M | $366.88M | $-72.98M | $-1.18B | $1.31B | $17.10M | $82.94M | $28.57M | $7.79M | $-17.00M | $45.28M | $-494.00K | - | - |
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.