$103.52M
Revenue
$-83.39M
Net Income
24.64%
Gross Margin
-81.24%
Op. Margin
$-71.24M
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 | $103.52M | $103.52M | $126.20M | $140.60M | $61.14M | $20.94M |
| Revenue Growth % | 0.0% | -18.0% | -10.2% | 130.0% | 192.0% | nan% |
| Cost of Revenue | $78.02M | $78.02M | $86.39M | $100.39M | $46.34M | $18.10M |
| Gross Profit | $25.50M | $25.50M | $37.65M | $40.21M | $14.80M | $2.84M |
| Gross Margin % | 24.6% | 24.6% | 29.8% | 28.6% | 24.2% | 13.6% |
| Operating Expenses | $109.60M | $109.60M | $240.84M | $239.89M | $104.07M | $58.51M |
| Selling General & Admin | - | - | $459.00K | - | - | - |
| Operating Income | $-84.10M | $-84.10M | $-203.19M | $-199.69M | $-89.27M | $-55.67M |
| Operating Margin % | -81.2% | -81.2% | -161.0% | -142.0% | -146.0% | -265.9% |
| Interest Expense | $203.00K | $61.00K | $1.52M | $3.60M | - | - |
| Other Income/Expense | $875.00K | $1.03M | - | $-22.00K | $-372.00K | $-554.00K |
| Income Before Tax | $-83.07M | $-83.07M | $-200.66M | $-202.20M | $-91.25M | $-55.12M |
| Income Tax Expense | $317.00K | $317.00K | $656.00K | $1.49M | $308.00K | - |
| Net Income | $-83.39M | $-83.39M | $-201.32M | $-203.69M | $-91.56M | $-55.12M |
| Net Margin % | -80.5% | -80.5% | -159.5% | -144.9% | -149.8% | -263.2% |
| Basic EPS | -0.78 | -0.76 | -1.96 | -3.21 | -1.95 | -1.32 |
| Diluted EPS | -0.78 | -0.76 | -1.96 | -3.21 | -1.95 | -1.32 |
| Basic Shares Outstanding | 4.3M | 109.1M | 100.8M | 63.5M | 46.9M | 41.9M |
| Diluted Shares Outstanding | 4.3M | 109.1M | 100.8M | 63.5M | 46.9M | 41.9M |
| 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 | $39.57M | $41.77M | $121.69M | $36.56M | $174.79M |
| Short-term Investments | - | $13.63M | $22.97M | - | - |
| Accounts Receivable | $29.53M | $42.07M | $45.45M | $23.58M | $6.35M |
| Inventory | $14.15M | $36.61M | $47.94M | $34.74M | $10.37M |
| Other Current Assets | $6.07M | $5.40M | $6.65M | $4.40M | $1.02M |
| Total Current Assets | $89.32M | $139.48M | $221.73M | $99.28M | $192.53M |
| Property Plant & Equipment | $42.69M | $37.38M | $35.13M | $25.86M | $14.56M |
| Goodwill | $1.74M | $17.90M | $144.88M | $203.71M | $19.39M |
| Intangible Assets | $6.63M | $10.39M | $16.30M | $26.58M | $3.46M |
| Other Non-current Assets | $648.00K | $590.00K | $669.00K | $2.86M | $230.00K |
| Total Assets | $147.45M | $215.03M | $428.52M | $362.54M | $231.91M |
| Accounts Payable | $28.40M | $28.89M | $31.19M | $24.59M | $7.13M |
| Accrued Liabilities | - | $9.48M | $14.14M | $13.11M | $5.68M |
| Deferred Revenue | $12.14M | $17.08M | $13.61M | $10.57M | $2.86M |
| Total Current Liabilities | $63.47M | $59.47M | $69.70M | $50.32M | $16.23M |
| Other Non-current Liabilities | $8.50M | $6.70M | $337.00K | $645.00K | $193.00K |
| Total Liabilities | $82.96M | $99.51M | $139.12M | $101.58M | $18.08M |
| Common Stock | $142.00K | $102.00K | $93.00K | $51.00K | $42.00K |
| Retained Earnings | $-822.43M | $-739.04M | $-537.72M | $-334.03M | $-242.47M |
| Total Stockholders Equity | $64.49M | $115.52M | $289.40M | $260.96M | $213.83M |
| Total Liabilities & Equity | $147.45M | $215.03M | $428.52M | $362.54M | $231.91M |
| 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 | $-104.09M | $-83.39M | $-201.32M | $-203.69M | $-91.56M | $-55.12M |
| Depreciation & Amortization | $13.95M | $4.88M | $6.84M | $4.88M | $9.55M | $2.73M |
| Stock-based Compensation | $3.73M | $2.76M | $3.52M | $22.04M | $15.91M | - |
| Change in Inventory | $-15.09M | $-14.84M | $-500.00K | $15.36M | $24.28M | $9.23M |
| Operating Cash Flow | $-71.24M | $-30.86M | $-48.29M | $-97.57M | $-82.36M | $-40.57M |
| Capital Expenditure | - | $9.71M | $8.62M | $7.55M | $5.25M | $7.07M |
| Purchases of Investments | - | - | $1.16M | - | - | $7.21M |
| Investing Cash Flow | $29.74M | $8.54M | $5.28M | $-13.24M | $-57.44M | $-30.45M |
| Financing Cash Flow | $21.02M | $19.27M | $-12.42M | $197.31M | $6.39M | $223.27M |
| Net Change in Cash | $-18.40M | $-2.19M | $-56.95M | $85.14M | $-138.24M | $152.46M |
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 | $27.03M | - | $76.45M | - |
| Cost of Revenue | $17.36M | - | $57.32M | - |
| Gross Profit | $9.67M | - | $19.13M | - |
| Operating Expenses | $9.87M | - | $72.62M | - |
| Operating Income | $-205.00K | - | $-53.49M | - |
| Interest Expense | - | - | $71.00K | - |
| Other Income/Expense | $2.00K | - | $2.00K | - |
| Income Before Tax | $-46.00K | - | $-52.59M | - |
| Income Tax Expense | $40.00K | - | $163.00K | - |
| Net Income | $-86.00K | $-20.06M | $-52.75M | - |
| Basic EPS | 0.00 | - | -0.50 | - |
| Diluted EPS | 0.00 | - | -0.50 | - |
| Basic Shares Outstanding | $109.11M | - | $104.85M | - |
| Diluted Shares Outstanding | $109.11M | - | $104.85M | - |
Condensed Consolidated Balance Sheets
| Description | Sep 30, 2025 | Dec 31, 2024 |
|---|---|---|
| Cash & Cash Equivalents | $23.11M | $41.77M |
| Short-term Investments | - | $13.63M |
| Accounts Receivable | $33.80M | $41.59M |
| Inventory | $31.43M | $38.28M |
| Other Current Assets | $9.53M | $5.88M |
| Total Current Assets | $97.87M | $141.15M |
| Property Plant & Equipment | $37.66M | $38.67M |
| Goodwill | $19.64M | $17.90M |
| Intangible Assets | $8.40M | $10.39M |
| Other Non-current Assets | $664.00K | $590.00K |
| Total Assets | $171.28M | $217.99M |
| Accounts Payable | $25.73M | $28.89M |
| Accrued Liabilities | $14.85M | $10.27M |
| Deferred Revenue | $16.58M | $16.57M |
| Total Current Liabilities | $61.12M | $59.24M |
| Other Non-current Liabilities | $5.82M | $3.44M |
| Total Liabilities | $80.50M | $99.29M |
| Common Stock | $114.00K | $102.00K |
| Retained Earnings | $-788.61M | $-735.86M |
| Total Stockholders Equity | $90.78M | $118.70M |
| Total Liabilities & Equity | $171.28M | $217.99M |
Condensed Consolidated Statements of Cash Flows
| Description | Sep 30, 2025 | Sep 30, 2025 | ||
|---|---|---|---|---|
| Current | Prior Year | Current YTD | Prior Year YTD | |
| Net Income | $-86.00K | $-20.06M | $-52.75M | - |
| Depreciation & Amortization | - | - | $8.15M | - |
| Stock-based Compensation | $433.00K | - | $2.19M | - |
| Change in Inventory | - | - | $-31.00K | - |
| Operating Cash Flow | - | - | $-31.54M | - |
| Capital Expenditure | - | - | $4.22M | - |
| Purchases of Investments | - | - | - | - |
| Investing Cash Flow | - | - | $11.17M | - |
| Financing Cash Flow | - | - | $865.00K | - |
| Net Change in Cash | - | - | $-18.66M | - |
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.