$718.95M
Revenue
$-38.55M
Net Income
89.63%
Gross Margin
-8.66%
Op. Margin
$164.62M
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 2014 (Dec 31, 2014) |
FY 2013 (Dec 31, 2013) |
FY 2012 (Dec 31, 2012) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | $718.95M | $718.95M | $661.82M | $607.52M | $667.24M | $579.77M | $520.40M | $392.75M | $408.90M | $302.24M | $215.00M | $122.05M | $12.02M | $1.48M |
| Revenue Growth % | 0.0% | 8.6% | 8.9% | -8.9% | 15.1% | 11.4% | 32.5% | -3.9% | 35.3% | 40.6% | 76.2% | 915.4% | 712.1% | nan% |
| Cost of Revenue | $74.56M | $74.56M | $77.91M | $83.78M | $87.22M | $75.06M | $52.46M | $16.66M | $15.36M | $15.21M | $11.99M | $5.76M | $1.10M | - |
| Gross Profit | $644.39M | $644.39M | $583.91M | $523.74M | $580.02M | $504.71M | $467.94M | $376.10M | $393.54M | $287.02M | $203.02M | $116.29M | $10.91M | - |
| Gross Margin % | 89.6% | 89.6% | 88.2% | 86.2% | 86.9% | 87.1% | 89.9% | 95.8% | 96.2% | 95.0% | 94.4% | 95.3% | 90.8% | nan% |
| Operating Expenses | $781.24M | $781.24M | $580.15M | $612.79M | $621.11M | $493.75M | $346.70M | $244.18M | $264.45M | $202.70M | $160.79M | $97.81M | $73.94M | $43.65M |
| Research & Development | $106.23M | $106.23M | $108.80M | $91.59M | $74.55M | $90.47M | $75.96M | $69.10M | $89.21M | $49.58M | $42.79M | $19.59M | $17.25M | $23.52M |
| Selling General & Admin | $485.56M | $485.56M | $321.58M | $336.36M | $377.22M | $304.76M | $200.68M | $158.43M | $159.89M | $137.91M | $106.01M | $72.47M | $55.59M | $20.13M |
| Operating Income | $-62.28M | $-62.28M | $81.67M | $-5.27M | $46.12M | $86.03M | $173.70M | $148.57M | $144.44M | $99.54M | $54.22M | $24.23M | $-61.92M | $-42.17M |
| Operating Margin % | -8.7% | -8.7% | 12.3% | -0.9% | 6.9% | 14.8% | 33.4% | 37.8% | 35.3% | 32.9% | 25.2% | 19.9% | -515.2% | -2849.3% |
| Interest Expense | - | - | - | $1.32M | $2.52M | $2.52M | $2.52M | $2.52M | $13.84M | $134.00K | $543.00K | $4.96M | $7.85M | $3.58M |
| Interest Income | - | - | - | - | - | - | - | - | $13.84M | $2.86M | $1.48M | $348.00K | $299.00K | $120.00K |
| Other Income/Expense | $13.25M | $13.25M | $16.20M | $8.04M | $14.62M | $-12.85M | $-5.05M | $-1.08M | $-4.27M | $1.08M | $-15.00K | $39.00K | $101.00K | $-660.00K |
| Income Before Tax | $-49.03M | $-49.03M | $97.87M | $2.77M | $60.74M | $73.17M | $168.65M | $147.49M | $140.18M | $100.62M | $50.37M | $-10.29M | $-92.27M | $-46.28M |
| Income Tax Expense | $-10.48M | $-10.48M | $24.00M | $1.45M | $32.00K | $19.75M | $41.70M | $34.43M | $29.18M | $43.33M | $-40.85M | $630.00K | - | - |
| Net Income | $-38.55M | $-38.55M | $73.86M | $1.32M | $60.71M | $53.42M | $126.95M | $113.06M | $110.99M | $57.28M | $91.22M | $19.87M | $-92.27M | $-46.28M |
| Net Margin % | -5.4% | -5.4% | 11.2% | 0.2% | 9.1% | 9.2% | 24.4% | 28.8% | 27.1% | 19.0% | 42.4% | 16.3% | -767.7% | -3127.3% |
| Basic EPS | -0.68 | -0.68 | 1.34 | 0.02 | 1.13 | 1.01 | 2.41 | 2.16 | 2.13 | 1.13 | 1.84 | 0.47 | -2.90 | -2.72 |
| Diluted EPS | -0.68 | -0.68 | 1.32 | 0.02 | 1.04 | 0.98 | 2.36 | 2.10 | 2.05 | 1.08 | 1.76 | 0.32 | -2.90 | -2.72 |
| Basic Shares Outstanding | - | 56.5M | 55.1M | 54.5M | 53.7M | 53.1M | 52.6M | 52.4M | 52.0M | 50.8M | 49.5M | 42.3M | 31.8M | 17.4M |
| Diluted Shares Outstanding | - | 56.5M | 56.0M | 55.5M | 61.7M | 54.4M | 53.7M | 53.8M | 54.1M | 53.3M | 51.7M | 50.6M | 31.8M | 17.4M |
| 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 2014 (Dec 31, 2014) |
FY 2013 (Dec 31, 2013) |
FY 2012 (Dec 31, 2012) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Cash Equivalents | $128.45M | $69.33M | $75.05M | $93.12M | $203.43M | $288.64M | $181.38M | $192.25M | $100.30M | $66.40M | $36.40M | $32.98M | $40.30M |
| Short-term Investments | - | - | $179.82M | $368.21M | $136.25M | $133.89M | $165.69M | $163.77M | $39.74M | $23.72M | $37.94M | $49.21M | $48.21M |
| Accounts Receivable | $187.80M | $142.08M | $144.16M | $165.50M | $148.93M | $140.88M | $87.33M | $102.92M | $65.59M | $41.53M | $17.27M | $5.05M | $11.00K |
| Inventory | $112.48M | $54.29M | $77.41M | $91.54M | $85.96M | $48.33M | $26.63M | $25.66M | $16.30M | $16.80M | $13.44M | $7.15M | $1.15M |
| Other Current Assets | $65.33M | $36.09M | $16.68M | $15.78M | $27.02M | $18.68M | $11.61M | $8.89M | $6.52M | $2.96M | $3.85M | $2.05M | $983.00K |
| Total Current Assets | $644.18M | $686.07M | $493.11M | $734.15M | $601.59M | $630.42M | $472.64M | $493.49M | $228.45M | $151.40M | $108.89M | $97.16M | $91.74M |
| Property Plant & Equipment | $10.53M | $11.54M | $13.53M | - | - | $37.82M | $17.07M | $4.09M | $5.12M | $4.34M | $2.45M | $2.55M | $1.42M |
| Goodwill | $124.88M | $117.02M | $117.02M | $117.02M | $117.52M | $77.91M | - | - | - | - | - | - | - |
| Intangible Assets | $569.46M | $521.91M | $599.89M | $702.46M | $784.69M | $364.34M | $24.84M | $31.37M | $36.02M | $16.49M | $5.43M | $1.16M | $683.00K |
| Long-term Investments | - | - | $16.62M | $93.90M | $119.17M | $350.36M | $591.77M | $418.80M | $133.64M | $75.41M | $19.82M | $8.76M | - |
| Other Non-current Assets | $63.80M | $31.53M | $37.51M | $39.81M | $49.23M | $43.25M | $615.00K | $380.00K | $389.00K | $331.00K | $918.00K | $361.00K | $55.00K |
| Total Assets | $1.45B | $1.37B | $1.28B | $1.70B | $1.69B | $1.50B | $1.16B | $977.81M | $424.46M | $309.57M | $137.51M | $111.00M | $93.99M |
| Accounts Payable | $2.68M | $4.59M | - | - | - | - | $10.14M | $3.19M | $6.84M | $8.05M | $1.86M | $3.14M | - |
| Accrued Liabilities | $107.80M | $76.35M | - | - | - | - | - | $36.53M | $27.30M | $27.43M | $25.49M | $15.17M | - |
| Deferred Revenue | - | - | - | - | - | - | - | - | $287.00K | - | - | - | $508.00K |
| Other Current Liabilities | $38.22M | - | $4.28M | $16.86M | $20.13M | $9.08M | $3.24M | - | - | - | - | - | - |
| Total Current Liabilities | $338.17M | $292.40M | $290.20M | $687.96M | $315.38M | $245.11M | $160.59M | $161.35M | $123.00M | $80.74M | $27.49M | $26.40M | $22.98M |
| Deferred Tax Liabilities | - | $4.96M | $24.96M | $49.81M | $85.36M | $35.22M | - | - | - | - | - | - | - |
| Other Non-current Liabilities | $22.19M | $7.60M | $6.42M | $8.69M | $16.38M | $42.79M | $9.41M | $11.40M | $10.58M | $4.00M | $3.88M | $2.68M | $1.51M |
| Total Liabilities | $390.93M | $332.34M | $356.16M | $816.30M | $873.30M | $759.24M | $564.85M | $524.79M | $156.98M | $117.81M | $66.15M | $77.53M | $36.42M |
| Common Stock | $57.00K | $56.00K | $55.00K | $54.00K | $53.00K | $53.00K | $53.00K | $52.00K | $51.00K | $50.00K | $43.00K | $40.00K | $31.00K |
| Retained Earnings | $517.88M | $556.43M | $482.56M | $481.25M | $379.92M | $326.50M | $199.55M | $86.49M | $-26.82M | $-84.29M | $-158.66M | $-178.53M | $-86.25M |
| Total Stockholders Equity | $1.06B | $1.04B | $921.52M | $886.20M | $815.85M | $744.86M | $595.43M | $453.02M | $267.48M | $191.75M | $71.35M | $33.46M | $57.57M |
| Total Liabilities & Equity | $1.45B | $1.37B | $1.28B | $1.70B | $1.69B | $1.50B | $1.16B | $977.81M | $424.46M | $309.57M | $137.51M | $111.00M | $93.99M |
| 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 2014 (Dec 31, 2014) |
FY 2013 (Dec 31, 2013) |
FY 2012 (Dec 31, 2012) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $-38.55M | $-38.55M | $73.86M | $1.32M | $60.71M | $53.42M | $126.95M | $113.06M | $110.99M | $57.28M | $91.22M | $19.87M | $-92.27M | $-46.28M |
| Depreciation & Amortization | $153.69M | $91.56M | $80.41M | $84.86M | $85.54M | $32.59M | $18.14M | $6.66M | $7.06M | $8.13M | $2.40M | $928.00K | $742.00K | $871.00K |
| Stock-based Compensation | $56.69M | $33.05M | $27.75M | $26.76M | $17.57M | $17.91M | $16.56M | $14.85M | $11.29M | $8.43M | $5.93M | $2.72M | $1.91M | $443.00K |
| Deferred Income Tax | $-9.94M | $5.21M | $-20.14M | $-25.71M | $-26.32M | $-4.99M | $568.00K | $-5.83M | $-4.17M | $21.22M | $-41.79M | - | - | - |
| Change in Receivables | $24.62M | $22.30M | $-2.08M | $-18.77M | $16.37M | $-3.87M | $34.61M | $-15.75M | $35.86M | $24.06M | $15.62M | $12.22M | $5.04M | $11.00K |
| Change in Inventory | $-6.85M | $7.50M | $-15.81M | $-6.11M | $17.86M | $14.58M | $10.12M | $969.00K | $9.36M | $-497.00K | $4.21M | $6.29M | $6.00M | $1.15M |
| Change in Payables | - | - | - | - | - | - | - | $6.96M | $-3.58M | $-620.00K | $3.47M | $-1.28M | $336.00K | $318.00K |
| Operating Cash Flow | $167.06M | $47.33M | $171.95M | $111.08M | $116.83M | $127.13M | $138.40M | $143.13M | $128.99M | $114.64M | $66.81M | $7.73M | $-57.95M | $-47.20M |
| Capital Expenditure | $2.45M | $1.34M | $725.00K | $551.00K | $412.00K | - | $3.45M | $2.74M | $844.00K | $2.03M | $1.60M | $593.00K | $1.65M | $753.00K |
| Acquisitions | - | $293.09M | - | - | - | $950.00K | $298.54M | - | - | - | - | - | - | - |
| Purchases of Investments | - | - | - | - | - | - | $95.89M | $409.71M | $491.65M | $101.89M | $47.36M | $53.26M | $85.57M | $97.67M |
| Sales of Investments | $1.20B | $774.48M | $498.87M | $370.90M | $190.74M | - | - | - | - | - | - | - | - | - |
| Investing Cash Flow | $48.13M | $4.11M | $-189.87M | $268.73M | $-216.66M | $-81.91M | $-34.70M | $-157.92M | $-413.48M | $-86.42M | $-35.96M | $-4.89M | $-12.11M | $-48.96M |
| Stock Issued | $44.98M | $37.62M | $14.91M | $6.61M | $12.42M | $7.09M | $4.36M | $3.93M | $11.58M | $5.68M | $2.05M | $571.00K | $2.44M | $100.73M |
| Financing Cash Flow | $-32.73M | $9.13M | $12.19M | $-397.88M | $-10.48M | $-130.42M | $3.56M | $3.93M | $376.44M | $5.68M | $2.05M | $570.00K | $62.74M | $87.92M |
| Net Change in Cash | $182.46M | $60.57M | $-5.72M | $-18.07M | $-110.31M | $-85.21M | $107.26M | $-10.87M | $91.94M | $33.91M | $32.90M | $3.42M | $-7.32M | $-8.24M |
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 | $192.10M | - | $507.38M | - |
| Cost of Revenue | $18.96M | - | $51.55M | - |
| Operating Expenses | $252.33M | - | $565.73M | - |
| Research & Development | $29.37M | - | $78.41M | - |
| Selling General & Admin | $179.68M | - | $363.17M | - |
| Operating Income | $-60.23M | - | $-58.35M | - |
| Other Income/Expense | $2.28M | - | $11.23M | - |
| Income Before Tax | $-57.95M | - | $-47.12M | - |
| Income Tax Expense | $-12.84M | - | $-12.67M | - |
| Net Income | $-45.12M | $19.92M | $-34.45M | - |
| Basic EPS | -0.80 | - | -0.61 | - |
| Diluted EPS | -0.80 | - | -0.61 | - |
| Basic Shares Outstanding | $56.55M | - | $56.13M | - |
| Diluted Shares Outstanding | $56.55M | - | $56.13M | - |
Condensed Consolidated Balance Sheets
| Description | Sep 30, 2025 | Dec 31, 2024 |
|---|---|---|
| Cash & Cash Equivalents | $151.37M | $69.33M |
| Accounts Receivable | $171.25M | $142.08M |
| Other Current Assets | $62.08M | $36.09M |
| Total Current Assets | $593.89M | $686.07M |
| Property Plant & Equipment | $10.63M | $11.54M |
| Goodwill | $119.08M | $117.02M |
| Intangible Assets | $623.48M | $521.91M |
| Other Non-current Assets | $62.43M | $31.53M |
| Total Assets | $1.42B | $1.37B |
| Other Current Liabilities | $26.32M | - |
| Total Current Liabilities | $330.63M | $292.40M |
| Deferred Tax Liabilities | - | $4.96M |
| Other Non-current Liabilities | $7.82M | $7.60M |
| Total Liabilities | $370.09M | $332.34M |
| Common Stock | $57.00K | $56.00K |
| Retained Earnings | $521.98M | $556.43M |
| Total Stockholders Equity | $1.05B | $1.04B |
| Total Liabilities & Equity | $1.42B | $1.37B |
Condensed Consolidated Statements of Cash Flows
| Description | Sep 30, 2025 | Sep 30, 2025 | ||
|---|---|---|---|---|
| Current | Prior Year | Current YTD | Prior Year YTD | |
| Net Income | $-45.12M | $19.92M | $-34.45M | - |
| Depreciation & Amortization | - | - | $66.55M | - |
| Stock-based Compensation | - | - | $23.40M | - |
| Deferred Income Tax | - | - | $-13.80M | - |
| Change in Receivables | - | - | $5.88M | - |
| Change in Inventory | - | - | $3.32M | - |
| Operating Cash Flow | - | - | $27.47M | - |
| Capital Expenditure | - | - | $911.00K | - |
| Acquisitions | - | - | $293.09M | - |
| Sales of Investments | - | - | $735.16M | - |
| Investing Cash Flow | - | - | $55.42M | - |
| Stock Issued | - | - | $29.06M | - |
| Financing Cash Flow | - | - | $604.00K | - |
| Net Change in Cash | - | - | $83.49M | - |
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.