$263.50M
Revenue
$-390.98M
Net Income
28.66%
Gross Margin
-153.08%
Op. Margin
$-630.96M
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 | $263.50M | $263.50M | $164.07M | $1.19M | - | - |
| Revenue Growth % | 0.0% | 60.6% | 13699.0% | nan% | nan% | nan% |
| Cost of Revenue | $187.99M | $173.18M | $93.25M | $1.03M | - | - |
| Gross Profit | $75.51M | $90.32M | $70.82M | $156.00K | - | - |
| Gross Margin % | 28.7% | 34.3% | 43.2% | 13.1% | nan% | nan% |
| Operating Expenses | $666.86M | $666.86M | $559.35M | $461.75M | $398.88M | $342.70M |
| Research & Development | $302.62M | $300.27M | $276.23M | $333.19M | $294.78M | $259.04M |
| Operating Income | $-403.36M | $-403.36M | $-395.28M | $-460.56M | $-398.88M | $-342.70M |
| Operating Margin % | -153.1% | -153.1% | -240.9% | -38735.0% | nan% | nan% |
| Interest Income | $10.31M | $10.31M | $20.27M | $13.04M | $2.98M | $451.00K |
| Income Before Tax | $-393.05M | $-393.05M | $-375.00M | $-447.52M | $-395.89M | $-342.25M |
| Income Tax Expense | $-2.07M | $-2.07M | $-2.83M | $-3.48M | - | - |
| Net Income | $-390.98M | $-390.98M | $-372.18M | $-444.04M | $-395.89M | $-342.25M |
| Net Margin % | -148.4% | -148.4% | -226.8% | -37345.4% | nan% | nan% |
| Basic EPS | -1.09 | -1.09 | -1.28 | -1.89 | -2.49 | -2.23 |
| Diluted EPS | nan | -1.09 | -1.28 | -1.89 | -2.49 | -2.23 |
| Basic Shares Outstanding | - | 357K | 290K | 235K | 159K | 153K |
| Diluted Shares Outstanding | - | 357K | 290K | 235K | 159K | 153K |
| 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 | $163.08M | $115.69M | $114.89M | $231.73M | $78.23M |
| Short-term Investments | $133.90M | $208.09M | $164.98M | $240.11M | $426.18M |
| Accounts Receivable | $82.45M | $69.34M | $151.00K | - | - |
| Inventory | $51.68M | $51.52M | $10.37M | - | - |
| Other Current Assets | $11.58M | $12.38M | $17.46M | $7.27M | $3.55M |
| Total Current Assets | $442.69M | $457.02M | $307.85M | $479.12M | $507.96M |
| Property Plant & Equipment | $131.11M | $109.08M | $114.03M | $105.23M | $100.94M |
| Intangible Assets | $279.32M | $282.40M | $229.26M | - | - |
| Long-term Investments | - | - | - | - | $91.59M |
| Other Non-current Assets | $8.17M | $369.00K | $270.00K | $189.00K | $1.78M |
| Total Assets | $913.17M | $910.43M | $780.35M | $663.98M | $777.33M |
| Accounts Payable | $22.16M | $27.51M | $33.12M | $26.60M | $27.38M |
| Accrued Liabilities | $111.16M | $81.94M | $69.41M | $52.30M | $56.77M |
| Total Current Liabilities | $138.36M | $122.34M | $110.31M | $91.48M | $89.20M |
| Deferred Tax Liabilities | $31.83M | $32.31M | $17.35M | - | - |
| Total Liabilities | $214.59M | $200.02M | $195.74M | $164.34M | $155.67M |
| Common Stock | $17.00K | $13.00K | $11.00K | $8.00K | $7.00K |
| Retained Earnings | $-2.78B | $-2.38B | $-2.01B | $-1.57B | $-1.17B |
| Total Stockholders Equity | $698.58M | $710.40M | $584.61M | $499.64M | $621.66M |
| Total Liabilities & Equity | $913.17M | $910.43M | $780.35M | $663.98M | $777.33M |
| 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 | $-507.14M | $-390.98M | $-372.18M | $-444.04M | $-395.89M | $-342.25M |
| Depreciation & Amortization | $19.05M | $12.86M | $11.26M | $11.57M | $9.31M | $3.11M |
| Stock-based Compensation | $84.49M | $61.58M | $109.63M | $62.62M | $84.02M | $69.77M |
| Deferred Income Tax | $-3.76M | $-2.07M | $-2.83M | $-3.48M | - | - |
| Change in Receivables | $5.30M | $13.11M | $69.19M | $149.00K | - | - |
| Change in Inventory | $35.21M | $14.21M | $44.38M | $10.12M | - | - |
| Change in Payables | $-1.66M | $-6.66M | $-7.84M | $4.83M | $5.88M | $6.98M |
| Operating Cash Flow | $-577.24M | $-302.41M | $-352.98M | $-361.82M | $-292.76M | $-227.94M |
| Capital Expenditure | $53.72M | $33.84M | $11.07M | $22.29M | $20.43M | $37.57M |
| Acquisitions | - | - | - | $212.63M | - | - |
| Investing Cash Flow | $93.07M | $47.50M | $-96.41M | $-155.24M | $256.45M | $132.00K |
| Stock Issued | $617.26M | $306.31M | $397.30M | $463.28M | $189.50M | $203.16M |
| Financing Cash Flow | $600.63M | $300.77M | $390.66M | $462.96M | $190.15M | $239.27M |
| Net Change in Cash | $119.36M | $47.01M | $-59.27M | $-56.84M | $153.85M | $11.46M |
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 | $67.45M | $58.55M | $176.73M | $90.38M |
| Cost of Revenue | $38.48M | $31.52M | $130.07M | $55.46M |
| Operating Expenses | $162.36M | $147.62M | $506.63M | $399.08M |
| Research & Development | $75.17M | $67.04M | $229.07M | $205.22M |
| Operating Income | $-94.90M | $-89.07M | $-329.90M | $-308.70M |
| Interest Income | $1.24M | $4.00M | $8.57M | $10.70M |
| Income Before Tax | $-93.66M | $-85.06M | $-321.33M | $-298.00M |
| Income Tax Expense | $-2.40M | $-1.52M | $-2.25M | $-4.39M |
| Net Income | $-91.25M | $-83.54M | $-319.07M | $-293.62M |
| Basic EPS | -0.25 | -0.28 | -0.94 | -1.03 |
| Basic Shares Outstanding | $364.04K | $303.27K | $340.62K | $284.84K |
Condensed Consolidated Balance Sheets
| Description | Sep 30, 2025 | Dec 31, 2024 |
|---|---|---|
| Cash & Cash Equivalents | $158.13M | $115.69M |
| Short-term Investments | $142.67M | $208.09M |
| Accounts Receivable | $66.76M | $69.34M |
| Inventory | $51.71M | $51.52M |
| Other Current Assets | $9.82M | $12.38M |
| Total Current Assets | $429.09M | $457.02M |
| Property Plant & Equipment | $126.65M | $109.08M |
| Intangible Assets | $285.21M | $282.40M |
| Other Non-current Assets | $9.27M | $369.00K |
| Total Assets | $904.95M | $910.43M |
| Accounts Payable | $31.24M | $27.51M |
| Total Current Liabilities | $125.78M | $122.34M |
| Deferred Tax Liabilities | $31.66M | $32.31M |
| Total Liabilities | $202.66M | $200.02M |
| Common Stock | $16.00K | $13.00K |
| Retained Earnings | $-2.70B | $-2.38B |
| Total Stockholders Equity | $702.29M | $710.40M |
| Total Liabilities & Equity | $904.95M | $910.43M |
Condensed Consolidated Statements of Cash Flows
| Description | Sep 30, 2025 | Sep 30, 2025 | ||
|---|---|---|---|---|
| Current | Prior Year | Current YTD | Prior Year YTD | |
| Net Income | $-91.25M | $-83.54M | $-319.07M | $-293.62M |
| Depreciation & Amortization | $9.01M | $9.73M | $9.14M | $7.98M |
| Stock-based Compensation | $11.90M | $31.01M | $49.76M | $78.65M |
| Deferred Income Tax | - | - | $-2.25M | $-4.39M |
| Change in Receivables | - | - | $-2.58M | $55.62M |
| Change in Inventory | - | - | $10.21M | $25.45M |
| Change in Payables | - | - | $-1.45M | $-1.77M |
| Operating Cash Flow | - | - | $-249.84M | $-279.68M |
| Capital Expenditure | - | - | $24.52M | $6.90M |
| Investing Cash Flow | - | - | $46.72M | $-120.09M |
| Stock Issued | - | - | $250.53M | $397.30M |
| Financing Cash Flow | - | - | $244.60M | $388.36M |
| Net Change in Cash | - | - | $42.05M | $-10.78M |
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.