$263.50M
Revenue
$-390.98M
Net Income
28.66%
Gross Margin
-153.08%
Op. Margin
$-630.96M
Free Cash Flow
| Breakdown | Q4 2025 (Dec 31, 2025) |
Q3 2025 (Sep 30, 2025) |
Q2 2025 (Jun 30, 2025) |
Q1 2025 (Mar 31, 2025) |
Q4 2024 (Dec 31, 2024) |
Q3 2024 (Sep 30, 2024) |
Q2 2024 (Jun 30, 2024) |
Q1 2024 (Mar 31, 2024) |
Q4 2023 (Dec 31, 2023) |
Q3 2023 (Sep 30, 2023) |
Q2 2023 (Jun 30, 2023) |
Q1 2023 (Mar 31, 2023) |
Q4 2022 (Dec 31, 2022) |
Q3 2022 (Sep 30, 2022) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | $86.77M | $67.45M | $59.95M | $49.32M | $73.69M | $58.55M | $31.11M | $715.00K | $482.00K | $469.00K | $238.00K | - | - | - |
| Revenue Growth % (YoY) | 17.7% | 15.2% | 92.7% | 6798.5% | 15189.2% | 12385.1% | 12969.7% | nan% | nan% | nan% | nan% | nan% | nan% | nan% |
| Cost of Revenue | $43.11M | $38.48M | $56.66M | $49.74M | $37.79M | $39.82M | $31.37M | $7.26M | $-5.36M | $4.34M | $2.05M | - | - | - |
| Gross Profit | $43.66M | $28.98M | $3.29M | $-417.00K | $35.91M | $18.73M | $-262.00K | $-6.55M | $5.84M | $-3.87M | $-1.81M | - | - | - |
| Gross Margin % | 50.3% | 43.0% | 5.5% | -0.8% | 48.7% | 32.0% | -0.8% | -915.5% | 1211.4% | -825.4% | -761.3% | nan% | nan% | nan% |
| Operating Expenses | $160.23M | $162.36M | $173.73M | $170.54M | $160.27M | $147.62M | $133.02M | $118.44M | $121.74M | $118.83M | $110.32M | $110.86M | $107.04M | $100.39M |
| Research & Development | $71.20M | $75.17M | $79.36M | $76.88M | $71.01M | $68.25M | $62.08M | $79.78M | $76.59M | $87.53M | $86.35M | $82.73M | $80.57M | $72.50M |
| Operating Income | $-73.46M | $-94.90M | $-113.77M | $-121.22M | $-86.58M | $-89.07M | $-101.91M | $-117.72M | $-121.26M | $-118.36M | $-110.09M | $-110.86M | $-107.04M | $-100.39M |
| Operating Margin % | -84.7% | -140.7% | -189.8% | -245.8% | -117.5% | -152.1% | -327.6% | -16464.6% | -25156.8% | -25236.9% | -46254.6% | nan% | nan% | nan% |
| Interest Income | $1.74M | $1.24M | $4.10M | $3.22M | $9.57M | $4.00M | $3.35M | $3.34M | $3.12M | $3.36M | $3.08M | $3.49M | $1.72M | $777.00K |
| Income Before Tax | $-71.72M | $-93.66M | $-109.67M | $-118.00M | $-77.00M | $-85.06M | $-98.56M | $-114.38M | $-118.14M | $-115.00M | $-107.00M | - | $-105.32M | - |
| Income Tax Expense | $184.00K | $-2.40M | $1.99M | $-1.84M | $1.56M | $-1.52M | $-1.46M | $-1.41M | $-1.76M | $-1.24M | $-477.00K | - | - | - |
| Net Income | $-71.90M | $-91.25M | $-111.66M | $-116.16M | $-78.56M | $-83.54M | $-97.10M | $-112.98M | $-116.38M | $-113.76M | $-106.53M | $-107.37M | $-105.32M | $-99.62M |
| Net Margin % | -82.9% | -135.3% | -186.2% | -235.5% | -106.6% | -142.7% | -312.2% | -15800.8% | -24145.0% | -24255.9% | -44759.7% | nan% | nan% | nan% |
| Basic EPS | -0.15 | -0.25 | -0.33 | -0.36 | -0.25 | -0.28 | -0.34 | -0.42 | -0.45 | -0.46 | -0.47 | -0.50 | -0.64 | -0.63 |
| Diluted EPS | nan | nan | -0.33 | -0.36 | -0.25 | -0.28 | -0.34 | -0.42 | -0.45 | -0.46 | -0.47 | -0.50 | -0.64 | -0.63 |
| Basic Shares Outstanding | - | 364K | 335K | 323K | 5K | 303K | 285K | 266.2M | -227.9M | 245.8M | 224.5M | 213.7M | -157.2M | 157.8M |
| Diluted Shares Outstanding | - | - | 335K | 323K | 5K | 303K | 285K | 266.2M | -227.9M | 245.8M | 224.5M | 213.7M | -157.2M | 157.8M |
| Breakdown | Q4 2025 (Dec 31, 2025) |
Q3 2025 (Sep 30, 2025) |
Q2 2025 (Jun 30, 2025) |
Q1 2025 (Mar 31, 2025) |
Q4 2024 (Dec 31, 2024) |
Q3 2024 (Sep 30, 2024) |
Q2 2024 (Jun 30, 2024) |
Q1 2024 (Mar 31, 2024) |
Q4 2023 (Dec 31, 2023) |
Q3 2023 (Sep 30, 2023) |
Q2 2023 (Jun 30, 2023) |
Q1 2023 (Mar 31, 2023) |
Q4 2022 (Dec 31, 2022) |
Q3 2022 (Sep 30, 2022) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Cash Equivalents | $163.08M | $158.13M | $132.47M | $171.67M | $115.69M | $164.19M | $228.68M | $134.19M | $114.89M | $267.72M | $230.01M | $543.48M | $231.73M | $118.37M |
| Short-term Investments | $133.90M | $142.67M | $168.71M | $188.04M | $208.09M | $233.30M | $183.86M | $222.01M | $164.98M | $93.65M | $20.88M | $82.81M | $240.11M | $241.81M |
| Accounts Receivable | $82.45M | $66.76M | $59.94M | $70.94M | $69.34M | $55.77M | $31.60M | $234.00K | $151.00K | - | $33.00K | - | - | - |
| Inventory | $51.68M | $51.71M | $49.83M | $65.55M | $51.52M | $38.58M | $27.85M | $17.62M | $10.37M | $9.20M | $9.72M | - | - | - |
| Other Current Assets | $11.58M | $9.82M | $11.55M | $15.89M | $12.38M | $6.74M | $10.18M | $11.49M | $17.46M | $12.02M | $14.23M | $11.49M | $7.27M | $9.71M |
| Total Current Assets | $442.69M | $429.09M | $422.50M | $512.65M | $457.02M | $498.58M | $482.26M | $385.53M | $307.85M | $382.59M | $274.88M | $637.78M | $479.12M | $369.88M |
| Property Plant & Equipment | $131.11M | $126.65M | $122.47M | $111.58M | $109.08M | $112.52M | $110.96M | $111.79M | $114.03M | $113.14M | $112.55M | $109.92M | $105.23M | $100.75M |
| Intangible Assets | $279.32M | $285.21M | $296.25M | $285.36M | $282.40M | $306.64M | $295.30M | $294.30M | $229.26M | $223.61M | $235.51M | - | - | - |
| Long-term Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Non-current Assets | $8.17M | $9.27M | $10.32M | $426.00K | $369.00K | $280.00K | $327.00K | $259.00K | $270.00K | $282.00K | $294.00K | $202.00K | $189.00K | $596.00K |
| Total Assets | $913.17M | $904.95M | $907.44M | $966.74M | $910.43M | $991.12M | $964.32M | $869.83M | $780.35M | $852.32M | $757.29M | $824.77M | $663.98M | $545.92M |
| Accounts Payable | $22.16M | $31.24M | $32.00M | $28.49M | $27.51M | $31.69M | $20.42M | $25.70M | $33.12M | $19.27M | $31.16M | $31.57M | $26.60M | $24.25M |
| Accrued Liabilities | $111.16M | - | - | - | $81.94M | $74.82M | $61.79M | $46.44M | $69.41M | $61.21M | $46.62M | $43.09M | $52.30M | $47.82M |
| Total Current Liabilities | $138.36M | $125.78M | $129.16M | $122.69M | $122.34M | $118.06M | $93.64M | $83.21M | $110.31M | $90.95M | $88.64M | $87.27M | $91.48M | $79.25M |
| Deferred Tax Liabilities | $31.83M | $31.66M | $34.70M | $31.96M | $32.31M | $32.22M | $31.90M | $33.30M | $17.35M | $18.34M | $20.24M | - | - | - |
| Total Liabilities | $214.59M | $202.66M | $208.95M | $198.88M | $200.02M | $217.66M | $195.78M | $189.81M | $195.74M | $178.31M | $178.72M | $157.89M | $164.34M | $152.19M |
| Common Stock | $17.00K | $16.00K | $14.00K | $14.00K | $13.00K | $13.00K | $12.00K | $12.00K | $11.00K | $11.00K | $9.00K | $9.00K | $8.00K | $7.00K |
| Retained Earnings | $-2.78B | $-2.70B | $-2.61B | $-2.50B | $-2.38B | $-2.31B | $-2.22B | $-2.13B | $-2.01B | $-1.90B | $-1.78B | $-1.68B | $-1.57B | $-1.46B |
| Total Stockholders Equity | $698.58M | $702.29M | $698.49M | $767.87M | $710.40M | $773.46M | $768.54M | $680.02M | $584.61M | $674.01M | $578.57M | $666.88M | $499.64M | $393.74M |
| Total Liabilities & Equity | $913.17M | $904.95M | $907.44M | $966.74M | $910.43M | $991.12M | $964.32M | $869.83M | $780.35M | $852.32M | $757.29M | $824.77M | $663.98M | $545.92M |
| Breakdown | Q4 2025 (Dec 31, 2025) |
Q3 2025 (Sep 30, 2025) |
Q2 2025 (Jun 30, 2025) |
Q1 2025 (Mar 31, 2025) |
Q4 2024 (Dec 31, 2024) |
Q3 2024 (Sep 30, 2024) |
Q2 2024 (Jun 30, 2024) |
Q1 2024 (Mar 31, 2024) |
Q4 2023 (Dec 31, 2023) |
Q3 2023 (Sep 30, 2023) |
Q2 2023 (Jun 30, 2023) |
Q1 2023 (Mar 31, 2023) |
Q4 2022 (Dec 31, 2022) |
Q3 2022 (Sep 30, 2022) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $-71.90M | $-91.25M | $-227.82M | $-116.16M | $-78.56M | $-83.54M | $-210.08M | $-112.98M | $-116.38M | $-327.66M | $-106.53M | $-107.37M | $-105.32M | $-99.62M |
| Depreciation & Amortization | $3.72M | $9.14M | $3.40M | $2.79M | $3.27M | $8.99M | $5.96M | $2.98M | $2.95M | $2.90M | $5.70M | $2.76M | $2.81M | $6.50M |
| Stock-based Compensation | $11.82M | $11.90M | $37.86M | $22.91M | $30.98M | $78.65M | $47.64M | $17.18M | $14.40M | $48.23M | $32.41M | $15.66M | $19.51M | $64.51M |
| Deferred Income Tax | $184.00K | $-2.25M | $150.00K | $-1.84M | $1.56M | $-4.39M | $-2.87M | $-1.41M | $-1.76M | $-1.72M | $-477.00K | - | - | - |
| Change in Receivables | $15.69M | $-2.58M | $-9.40M | $1.60M | $13.57M | $55.62M | $31.45M | $83.00K | $149.00K | - | $33.00K | - | - | - |
| Change in Inventory | $4.00M | $10.21M | $7.03M | $13.97M | $18.93M | $26.47M | $15.59M | $6.74M | $923.00K | $9.20M | $9.55M | - | - | - |
| Change in Payables | $-5.21M | $-1.45M | $2.94M | $2.05M | $-6.07M | $-1.77M | $-16.20M | $-5.82M | $11.42M | $-6.59M | $3.17M | $3.02M | $1.56M | $4.33M |
| Operating Cash Flow | $-52.56M | $-249.84M | $-171.14M | $-103.69M | $-73.30M | $-279.68M | $-220.71M | $-122.28M | $-83.97M | $-277.85M | $-193.77M | $-99.81M | $-77.67M | $-215.09M |
| Capital Expenditure | $9.32M | $24.52M | $13.67M | $6.21M | $4.17M | $6.90M | $4.61M | $4.17M | $3.53M | $18.76M | $15.18M | $5.66M | $3.02M | $17.40M |
| Acquisitions | - | - | - | - | - | - | $52.57M | - | $-253.00K | $212.89M | $209.51M | - | - | - |
| Investing Cash Flow | $775.00K | $46.72M | $29.71M | $15.87M | $23.68M | $-120.09M | $-71.29M | $-111.51M | $-72.84M | $-82.40M | $-3.38M | $153.40M | $461.00K | $255.99M |
| Stock Issued | $55.78M | $250.53M | $162.01M | $148.94M | - | $397.30M | $349.79M | $197.91M | $1.00K | $463.28M | $260.10M | $260.10M | $189.50M | - |
| Financing Cash Flow | $56.17M | $244.60M | $156.54M | $143.31M | $2.31M | $388.36M | $346.40M | $193.58M | $962.00K | $462.00M | $259.20M | $258.17M | $190.57M | $-425.00K |
| Net Change in Cash | $4.96M | $42.05M | $16.36M | $56.00M | $-48.49M | $-10.78M | $53.79M | $-40.70M | $-152.83M | $95.99M | $58.28M | - | $113.36M | - |
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-Q filings.
Quarterly data represents single quarter results (Q1-Q4). Some items may show year-to-date values if quarterly breakdown is unavailable.