$65.92M
Revenue
$-85.63M
Net Income
20.86%
Gross Margin
-153.45%
Op. Margin
$-153.08M
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 | $65.92M | $65.92M | $78.11M | $37.93M | $12.52M | $3.18M |
| Revenue Growth % | 0.0% | -15.6% | 106.0% | 203.1% | 293.1% | nan% |
| Cost of Revenue | $52.17M | $52.17M | $55.92M | $18.18M | $7.84M | $1.81M |
| Gross Profit | $13.75M | $13.75M | $22.20M | $19.75M | $4.67M | $1.37M |
| Gross Margin % | 20.9% | 20.9% | 28.4% | 52.1% | 37.3% | 43.0% |
| Operating Expenses | $167.08M | $167.08M | $125.63M | $70.30M | $57.45M | - |
| Selling General & Admin | $64.78M | $64.78M | $36.60M | $27.91M | $25.49M | $15.30M |
| Operating Income | $-101.16M | $-101.16M | $-47.52M | $-32.37M | $-44.94M | $-35.42M |
| Operating Margin % | -153.4% | -153.4% | -60.8% | -85.3% | -359.1% | -1112.6% |
| Interest Expense | $2.49M | $2.33M | $200.00K | $186.00K | $25.00K | $54.00K |
| Other Income/Expense | $10.09M | $10.09M | $-597.00K | $13.14M | $-15.37M | $1.19M |
| Income Before Tax | $-87.09M | $-87.09M | $-48.21M | $100.03M | $-59.94M | $1.45M |
| Income Tax Expense | $-979.00K | $-979.00K | $-372.00K | $276.00K | - | - |
| Net Income | $-85.63M | $-85.63M | $-47.77M | $99.76M | $-59.94M | $1.45M |
| Net Margin % | -129.9% | -129.9% | -61.1% | 263.0% | -479.0% | 45.5% |
| Basic EPS | -0.39 | -0.38 | -0.28 | 0.63 | -0.38 | 0.01 |
| Diluted EPS | -0.39 | -0.38 | -0.28 | 0.62 | -0.38 | 0.01 |
| Basic Shares Outstanding | - | 224.7M | 172.0M | 159.1M | - | - |
| Diluted Shares Outstanding | - | 224.7M | 172.0M | 160.2M | - | - |
| 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 | $64.74M | $38.60M | $57.45M | $62.82M | $112.52M |
| Accounts Receivable | $15.99M | $29.02M | $816.00K | $519.00K | $3.95M |
| Inventory | $73.49M | $66.50M | - | - | - |
| Total Current Assets | $958.67M | $230.19M | $232.69M | $135.59M | $149.31M |
| Property Plant & Equipment | $69.80M | $55.19M | $26.12M | $12.66M | $21.98M |
| Intangible Assets | $4.37M | $4.77M | - | - | - |
| Other Non-current Assets | $6.52M | $7.61M | $2.75M | - | - |
| Total Assets | $1.41B | $611.97M | $401.94M | $273.95M | $315.45M |
| Accounts Payable | $5.29M | $7.51M | - | - | - |
| Deferred Revenue | - | $813.00K | - | - | - |
| Other Current Liabilities | $3.74M | $693.00K | $199.00K | - | - |
| Total Current Liabilities | $31.23M | $59.29M | $10.36M | $18.62M | $6.12M |
| Long-term Debt | $675.69M | - | - | - | - |
| Other Non-current Liabilities | $954.00K | $1.49M | $1.12M | - | - |
| Total Liabilities | $729.28M | $80.29M | $22.73M | $29.54M | $19.92M |
| Common Stock | $1.17B | $937.89M | $733.45M | $698.49M | $685.90M |
| Retained Earnings | $-489.66M | $-404.02M | $-356.26M | $-456.12M | $-396.27M |
| Total Stockholders Equity | $678.40M | $527.79M | $375.25M | $240.43M | $291.57M |
| Total Liabilities & Equity | $1.41B | $611.97M | $401.94M | $273.95M | $315.45M |
| 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 | $-85.63M | $-85.63M | $-47.77M | $99.76M | $-59.94M | $1.45M |
| Depreciation & Amortization | $9.31M | $5.43M | $3.13M | $2.75M | $3.27M | $3.19M |
| Stock-based Compensation | $20.69M | $12.59M | $5.41M | $4.62M | $4.64M | $2.16M |
| Change in Inventory | $8.13M | $771.00K | $-13.04M | $100.00K | $8.57M | $3.22M |
| Operating Cash Flow | $-153.08M | $-89.48M | $-43.97M | $-15.41M | $-49.70M | $-29.29M |
| Capital Expenditure | - | $19.26M | $22.17M | $15.44M | $2.00M | $1.37M |
| Purchases of Investments | $1.14B | $960.17M | $237.45M | $174.62M | $11.44M | - |
| Investing Cash Flow | $-876.64M | $-778.05M | $-13.30M | $-23.85M | $-7.07M | $3.19M |
| Debt Repayment | - | - | - | - | - | - |
| Financing Cash Flow | $1.12B | $894.96M | $15.59M | $30.41M | $7.87M | $117.94M |
| Net Change in Cash | $96.41M | $28.60M | $-16.42M | $-5.25M | $-52.55M | $91.84M |
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 | $17.71M | - | $38.82M | - |
| Cost of Revenue | $12.78M | - | $34.56M | - |
| Operating Expenses | $44.38M | - | $117.85M | - |
| Selling General & Admin | $15.68M | - | $45.85M | - |
| Operating Income | $-26.67M | - | $-79.03M | - |
| Interest Expense | - | - | $145.00K | - |
| Other Income/Expense | $8.27M | - | $8.28M | - |
| Income Before Tax | $-16.92M | - | $-66.20M | - |
| Income Tax Expense | $84.00K | - | $-1.04M | - |
| Net Income | $-16.74M | $-6.42M | $-64.84M | - |
| Basic EPS | -0.07 | - | -0.29 | - |
| Diluted EPS | -0.07 | - | -0.29 | - |
Condensed Consolidated Balance Sheets
| Description | Sep 30, 2025 | Dec 31, 2024 |
|---|---|---|
| Cash & Cash Equivalents | $93.96M | $38.60M |
| Accounts Receivable | $12.06M | $37.76M |
| Total Current Assets | $326.91M | $230.19M |
| Property Plant & Equipment | $62.09M | $55.19M |
| Intangible Assets | $4.48M | $4.77M |
| Long-term Investments | $8.23M | - |
| Total Assets | $758.32M | $611.97M |
| Total Current Liabilities | $28.44M | $59.29M |
| Total Liabilities | $50.75M | $80.29M |
| Common Stock | $1.17B | $937.89M |
| Retained Earnings | $-468.87M | $-404.02M |
| Total Stockholders Equity | $703.25M | $527.79M |
| Total Liabilities & Equity | $758.32M | $611.97M |
Condensed Consolidated Statements of Cash Flows
| Description | Sep 30, 2025 | Sep 30, 2025 | ||
|---|---|---|---|---|
| Current | Prior Year | Current YTD | Prior Year YTD | |
| Net Income | $-16.74M | $-6.42M | $-64.84M | - |
| Depreciation & Amortization | - | - | $4.00M | - |
| Stock-based Compensation | - | - | $8.79M | - |
| Change in Inventory | - | - | $3.65M | - |
| Operating Cash Flow | - | - | $-73.27M | - |
| Purchases of Investments | - | - | $189.58M | - |
| Investing Cash Flow | - | - | $-98.56M | - |
| Stock Issued | - | - | $226.84M | - |
| Financing Cash Flow | - | - | $227.92M | - |
| Net Change in Cash | - | - | $58.01M | - |
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.