$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) |
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 2015 (Dec 31, 2015) |
FY 2014 (Dec 31, 2014) |
FY 2013 (Dec 31, 2013) |
FY 2012 (Dec 31, 2012) |
FY 2011 (Dec 31, 2011) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | $263.50M | $263.50M | $164.07M | $1.19M | - | - | - | - | - | - | - | - | - | - | - | - |
| Revenue Growth % | 0.0% | 60.6% | 13699.0% | nan% | nan% | nan% | nan% | nan% | nan% | nan% | nan% | nan% | nan% | 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% | nan% | nan% | nan% | nan% | nan% | nan% | nan% | nan% | nan% | nan% |
| Operating Expenses | $666.86M | $666.86M | $559.35M | $461.75M | $398.88M | $342.70M | $261.94M | $206.87M | $128.26M | $92.88M | $53.64M | $27.86M | $12.04M | $22.64M | $8.13M | $21.22M |
| Research & Development | $302.62M | $300.27M | $276.23M | $333.19M | $294.78M | $259.04M | $201.73M | $166.02M | $99.83M | $71.61M | $28.04M | $15.47M | $2.70M | $1.33M | $1.66M | $1.76M |
| Operating Income | $-403.36M | $-403.36M | $-395.28M | $-460.56M | $-398.88M | $-342.70M | $-261.94M | $-206.87M | $-128.26M | $-92.88M | $-53.64M | $-27.86M | $-12.04M | $-22.64M | $-8.13M | $-21.22M |
| Operating Margin % | -153.1% | -153.1% | -240.9% | -38735.0% | nan% | nan% | nan% | nan% | nan% | nan% | nan% | nan% | nan% | nan% | nan% | nan% |
| Interest Expense | - | - | - | - | - | - | - | - | - | - | - | - | $-5.66K | $444.73K | $1.92M | $151.51K |
| Interest Income | $10.31M | $10.31M | $20.27M | $13.04M | $2.98M | $451.00K | $2.36M | $9.32M | $4.68M | $813.00K | $745.00K | $200.00K | $6.00K | - | - | - |
| Other Income/Expense | - | - | - | - | - | - | - | - | - | - | - | $200.00K | $5.66K | $-2.74M | $4.82M | $-4.48M |
| 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 | $-259.58M | $-197.56M | $-123.58M | $-92.06M | $-52.89M | $-27.66M | $-12.03M | $-25.38M | $-3.31M | $-25.69M |
| Net Margin % | -148.4% | -148.4% | -226.8% | -37345.4% | nan% | nan% | nan% | nan% | nan% | nan% | nan% | nan% | nan% | nan% | nan% | nan% |
| Basic EPS | -1.09 | -1.09 | -1.28 | -1.89 | -2.49 | -2.23 | -1.88 | -1.59 | nan | nan | nan | nan | nan | nan | nan | nan |
| Diluted EPS | nan | -1.09 | -1.28 | -1.89 | -2.49 | -2.23 | -1.88 | -1.59 | nan | nan | nan | nan | nan | nan | nan | nan |
| Basic Shares Outstanding | - | 357K | 290K | 235K | 159K | 153K | 138K | 124K | - | - | - | - | - | - | - | - |
| Diluted Shares Outstanding | - | 357K | 290K | 235K | 159K | 153K | 138K | 124K | - | - | - | - | - | - | - | - |
| 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 2015 (Dec 31, 2015) |
FY 2014 (Dec 31, 2014) |
FY 2013 (Dec 31, 2013) |
FY 2012 (Dec 31, 2012) |
FY 2011 (Dec 31, 2011) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Cash Equivalents | $163.08M | $115.69M | $114.89M | $231.73M | $78.23M | $67.33M | $13.97M | $82.15M | $145.37M | $106.72M | $13.64M | $44.91M | $19.67M | - | $510.22K |
| Short-term Investments | $133.90M | $208.09M | $164.98M | $240.11M | $426.18M | $562.11M | $293.11M | $386.37M | - | - | - | - | - | - | - |
| 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 | $6.66M | $9.41M | $6.85M | $3.92M | $3.04M | $277.00K | $66.13K | $173.72K | $5.00K | $9.39K |
| Total Current Assets | $442.69M | $457.02M | $307.85M | $479.12M | $507.96M | $636.10M | $316.49M | $475.37M | $149.29M | $169.51M | $103.98M | $44.98M | $19.85M | $7.28K | $524.08K |
| Property Plant & Equipment | $131.11M | $109.08M | $114.03M | $105.23M | $100.94M | $59.16M | $8.54M | $2.68M | $2.45M | $2.37M | $1.68M | $1.53M | $27.76K | $22.14K | $28.35K |
| 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 | $12.92M | $3.48M | $2.76M | $3.63M | - | - | - | - | - | - |
| Total Assets | $913.17M | $910.43M | $780.35M | $663.98M | $777.33M | $768.46M | $344.65M | $480.82M | $155.37M | $171.89M | $105.65M | $46.51M | $19.87M | $29.41K | $568.43K |
| Accounts Payable | $22.16M | $27.51M | $33.12M | $26.60M | $27.38M | $13.51M | $15.57M | $2.74M | $1.23M | $863.00K | $958.00K | $1.25M | $412.98K | $1.10M | $190.05K |
| Accrued Liabilities | $111.16M | $81.94M | $69.41M | $52.30M | $56.77M | $35.07M | $16.27M | $11.66M | $8.66M | $4.11M | $586.00K | $327.85K | $1.52M | - | - |
| Total Current Liabilities | $138.36M | $122.34M | $110.31M | $91.48M | $89.20M | $54.87M | $39.08M | $14.40M | $9.89M | $4.97M | $1.63M | $1.66M | $2.27M | $11.35M | $13.35M |
| Deferred Tax Liabilities | $31.83M | $32.31M | $17.35M | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Non-current Liabilities | - | - | - | - | - | $11.71M | $2.35M | $230.00K | - | - | - | - | - | - | - |
| Total Liabilities | $214.59M | $200.02M | $195.74M | $164.34M | $155.67M | $111.96M | $45.68M | $14.63M | $9.89M | - | - | - | - | - | - |
| Common Stock | $17.00K | $13.00K | $11.00K | $8.00K | $7.00K | $6.00K | $5.00K | $5.00K | $3.00K | $3.00K | $2.00K | $1.41K | $835.00 | $3.41K | $3.25K |
| Retained Earnings | $-2.78B | $-2.38B | $-2.01B | $-1.57B | $-1.17B | $-830.19M | $-570.61M | $-372.76M | $-249.18M | $-157.12M | $-104.22M | $-76.56M | $-64.53M | $-30.68M | $-27.38M |
| Total Stockholders Equity | $698.58M | $710.40M | $584.61M | $499.64M | $621.66M | $656.50M | $298.97M | $466.19M | $145.48M | $166.92M | $104.02M | $44.85M | $17.60M | $-11.32M | $-12.78M |
| Total Liabilities & Equity | $913.17M | $910.43M | $780.35M | $663.98M | $777.33M | $768.46M | $344.65M | $480.82M | $155.37M | $171.89M | $105.65M | $46.51M | $19.87M | $29.41K | $568.43K |
| 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 2015 (Dec 31, 2015) |
FY 2014 (Dec 31, 2014) |
FY 2013 (Dec 31, 2013) |
FY 2012 (Dec 31, 2012) |
FY 2011 (Dec 31, 2011) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $-507.14M | $-390.98M | $-372.18M | $-444.04M | $-395.89M | $-342.25M | $-259.58M | $-197.56M | $-123.58M | $-92.06M | $-52.89M | $-27.66M | $-12.03M | $-25.38M | $-3.31M | $-25.69M |
| Depreciation & Amortization | $19.05M | $12.86M | $11.26M | $11.57M | $9.31M | $3.11M | $1.14M | $1.17M | $956.00K | $952.00K | $978.00K | $999.00K | $88.22K | $7.09K | $6.21K | $2.70K |
| Stock-based Compensation | $84.49M | $61.58M | $109.63M | $62.62M | $84.02M | $69.77M | $40.89M | $24.28M | $20.03M | $11.97M | $18.90M | $8.52M | $3.81M | $2.75M | $4.20M | $14.61M |
| 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 | $-2.96M | $12.71M | $1.51M | $369.00K | $-250.00K | $-290.00K | - | - | $908.22K | $159.76K |
| Operating Cash Flow | $-577.24M | $-302.41M | $-352.98M | $-361.82M | $-292.76M | $-227.94M | $-205.13M | $-158.89M | $-101.25M | $-78.71M | $-32.67M | $-18.38M | - | $-3.66M | $-2.24M | $-6.19M |
| Capital Expenditure | $53.72M | $33.84M | $11.07M | $22.29M | $20.43M | $37.57M | $46.79M | $6.92M | $1.20M | $1.03M | $1.52M | $1.14M | $1.59M | $12.71K | - | $31.05K |
| Acquisitions | - | - | - | $212.63M | - | - | - | - | - | - | - | - | - | - | - | - |
| Investing Cash Flow | $93.07M | $47.50M | $-96.41M | $-155.24M | $256.45M | $132.00K | $-317.85M | $90.03M | $-386.28M | $58.68M | $8.89M | $-71.21M | - | $-12.71K | - | $-81.05K |
| Stock Issued | $617.26M | $306.31M | $397.30M | $463.28M | $189.50M | $203.16M | $567.04M | - | $398.82M | $53.66M | $95.69M | $68.31M | $32.24M | $7.13M | $250.00K | $873.00K |
| Financing Cash Flow | $600.63M | $300.77M | $390.66M | $462.96M | $190.15M | $239.27M | $576.42M | $6.13M | $424.31M | $58.69M | $96.90M | $78.27M | - | $23.35M | $1.73M | $5.49M |
| Net Change in Cash | $119.36M | $47.01M | $-59.27M | $-56.84M | $153.85M | $11.46M | - | - | $-63.22M | $38.66M | $73.13M | $-31.27M | $25.24M | $19.67M | $-510.22K | $-782.25K |
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.