$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) |
|---|---|---|---|---|---|---|---|
| Total Revenue | $86.77M | $67.45M | $59.95M | $49.32M | $73.69M | $58.55M | $31.11M |
| Revenue Growth % (YoY) | 17.7% | 15.2% | 92.7% | nan% | nan% | nan% | nan% |
| Cost of Revenue | $43.11M | $38.48M | $56.66M | $49.74M | $37.79M | $39.82M | $31.37M |
| Gross Profit | $43.66M | $28.98M | $3.29M | $-417.00K | $35.91M | $18.73M | $-262.00K |
| Gross Margin % | 50.3% | 43.0% | 5.5% | -0.8% | 48.7% | 32.0% | -0.8% |
| Operating Expenses | $160.23M | $162.36M | $173.73M | $170.54M | $160.27M | $147.62M | $133.02M |
| Research & Development | $71.20M | $75.17M | $79.36M | $76.88M | $71.01M | $68.25M | $62.08M |
| Operating Income | $-73.46M | $-94.90M | $-113.77M | $-121.22M | $-86.58M | $-89.07M | $-101.91M |
| Operating Margin % | -84.7% | -140.7% | -189.8% | -245.8% | -117.5% | -152.1% | -327.6% |
| Interest Income | $1.74M | $1.24M | $4.10M | $3.22M | $9.57M | $4.00M | $3.35M |
| Income Before Tax | $-71.72M | $-93.66M | $-109.67M | $-118.00M | $-77.00M | $-85.06M | $-98.56M |
| Income Tax Expense | $184.00K | $-2.40M | $1.99M | $-1.84M | $1.56M | $-1.52M | $-1.46M |
| Net Income | $-71.90M | $-91.25M | $-111.66M | $-116.16M | $-78.56M | $-83.54M | $-97.10M |
| Net Margin % | -82.9% | -135.3% | -186.2% | -235.5% | -106.6% | -142.7% | -312.2% |
| Basic EPS | -0.15 | -0.25 | -0.33 | -0.36 | -0.25 | -0.28 | -0.34 |
| Diluted EPS | nan | nan | -0.33 | -0.36 | -0.25 | -0.28 | -0.34 |
| Basic Shares Outstanding | - | 364K | 335K | 323K | 5K | 303K | 285K |
| Diluted Shares Outstanding | - | - | 335K | 323K | 5K | 303K | 285K |
| 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) |
|---|---|---|---|---|---|---|---|
| Cash & Cash Equivalents | $163.08M | $158.13M | $132.47M | $171.67M | $115.69M | $164.19M | $228.68M |
| Short-term Investments | $133.90M | $142.67M | $168.71M | $188.04M | $208.09M | $233.30M | $183.86M |
| Accounts Receivable | $82.45M | $66.76M | $59.94M | $70.94M | $69.34M | $55.77M | $31.60M |
| Inventory | $51.68M | $51.71M | $49.83M | $65.55M | $51.52M | $38.58M | $27.85M |
| Other Current Assets | $11.58M | $9.82M | $11.55M | $15.89M | $12.38M | $6.74M | $10.18M |
| Total Current Assets | $442.69M | $429.09M | $422.50M | $512.65M | $457.02M | $498.58M | $482.26M |
| Property Plant & Equipment | $131.11M | $126.65M | $122.47M | $111.58M | $109.08M | $112.52M | $110.96M |
| Intangible Assets | $279.32M | $285.21M | $296.25M | $285.36M | $282.40M | $306.64M | $295.30M |
| Other Non-current Assets | $8.17M | $9.27M | $10.32M | $426.00K | $369.00K | $280.00K | $327.00K |
| Total Assets | $913.17M | $904.95M | $907.44M | $966.74M | $910.43M | $991.12M | $964.32M |
| Accounts Payable | $22.16M | $31.24M | $32.00M | $28.49M | $27.51M | $31.69M | $20.42M |
| Accrued Liabilities | $111.16M | - | - | - | $81.94M | $74.82M | $61.79M |
| Total Current Liabilities | $138.36M | $125.78M | $129.16M | $122.69M | $122.34M | $118.06M | $93.64M |
| Deferred Tax Liabilities | $31.83M | $31.66M | $34.70M | $31.96M | $32.31M | $32.22M | $31.90M |
| Total Liabilities | $214.59M | $202.66M | $208.95M | $198.88M | $200.02M | $217.66M | $195.78M |
| Common Stock | $17.00K | $16.00K | $14.00K | $14.00K | $13.00K | $13.00K | $12.00K |
| Retained Earnings | $-2.78B | $-2.70B | $-2.61B | $-2.50B | $-2.38B | $-2.31B | $-2.22B |
| Total Stockholders Equity | $698.58M | $702.29M | $698.49M | $767.87M | $710.40M | $773.46M | $768.54M |
| Total Liabilities & Equity | $913.17M | $904.95M | $907.44M | $966.74M | $910.43M | $991.12M | $964.32M |
| 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) |
|---|---|---|---|---|---|---|---|
| Net Income | $-71.90M | $-91.25M | $-227.82M | $-116.16M | $-78.56M | $-83.54M | $-210.08M |
| Depreciation & Amortization | $3.72M | $9.14M | $3.40M | $2.79M | $3.27M | $8.99M | $5.96M |
| Stock-based Compensation | $11.82M | $11.90M | $37.86M | $22.91M | $30.98M | $78.65M | $47.64M |
| Deferred Income Tax | $184.00K | $-2.25M | $150.00K | $-1.84M | $1.56M | $-4.39M | $-2.87M |
| Change in Receivables | $15.69M | $-2.58M | $-9.40M | $1.60M | $13.57M | $55.62M | $31.45M |
| Change in Inventory | $4.00M | $10.21M | $7.03M | $13.97M | $18.93M | $26.47M | $15.59M |
| Change in Payables | $-5.21M | $-1.45M | $2.94M | $2.05M | $-6.07M | $-1.77M | $-16.20M |
| Operating Cash Flow | $-52.56M | $-249.84M | $-171.14M | $-103.69M | $-73.30M | $-279.68M | $-220.71M |
| Capital Expenditure | $9.32M | $24.52M | $13.67M | $6.21M | $4.17M | $6.90M | $4.61M |
| Acquisitions | - | - | - | - | - | - | $52.57M |
| Investing Cash Flow | $775.00K | $46.72M | $29.71M | $15.87M | $23.68M | $-120.09M | $-71.29M |
| Stock Issued | $55.78M | $250.53M | $162.01M | $148.94M | - | $397.30M | $349.79M |
| Financing Cash Flow | $56.17M | $244.60M | $156.54M | $143.31M | $2.31M | $388.36M | $346.40M |
| Net Change in Cash | $4.96M | $42.05M | $16.36M | $56.00M | $-48.49M | $-10.78M | $53.79M |
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.