$2.53B
Revenue
$-200.32M
Net Income
69.50%
Gross Margin
-10.39%
Op. Margin
$402.01M
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 | $2.53B | $2.53B | $2.57B | $2.60B | $2.41B | $2.03B |
| Revenue Growth % | 0.0% | -1.5% | -1.3% | 8.1% | 18.4% | nan% |
| Cost of Revenue | $771.59M | $771.59M | $751.27M | $760.03M | $743.99M | $650.26M |
| Gross Profit | $1.76B | $1.76B | $1.82B | $1.84B | $1.66B | $1.38B |
| Gross Margin % | 69.5% | 69.5% | 70.8% | 70.8% | 69.1% | 68.0% |
| Operating Expenses | $2.79B | $2.79B | $3.59B | $2.85B | $16.06B | $2.30B |
| Research & Development | $277.92M | $277.92M | $307.27M | $348.52M | $333.63M | $311.88M |
| Operating Income | $-262.95M | $-262.95M | $-1.02B | $-248.55M | $-13.65B | $-265.63M |
| Operating Margin % | -10.4% | -10.4% | -39.7% | -9.6% | -567.3% | -13.1% |
| Interest Expense | $29.43M | $15.01M | $17.32M | $22.28M | $21.94M | $81.14M |
| Interest Income | $36.77M | $36.77M | $57.07M | $46.78M | $12.67M | $776.00K |
| Other Income/Expense | $10.37M | $10.37M | $-6.04M | $4.45M | $-859.00K | $5.09M |
| Income Before Tax | $-235.53M | $-235.53M | $-993.65M | $-219.61M | $-13.66B | $-384.66M |
| Income Tax Expense | $-35.21M | $-35.21M | $7.59M | $760.00K | $-3.81M | $44.14M |
| Net Income | $-200.32M | $-200.32M | $-1.00B | $-220.37M | $-13.66B | $-428.79M |
| Net Margin % | -7.9% | -7.9% | -39.0% | -8.5% | -567.5% | -21.1% |
| Basic EPS | -1.14 | -1.14 | -5.87 | -1.34 | -84.60 | -2.73 |
| Diluted EPS | -1.14 | -1.14 | -5.87 | -1.34 | -84.60 | -2.73 |
| Basic Shares Outstanding | - | 176.2M | 170.6M | 164.6M | 161.5M | 156.9M |
| Diluted Shares Outstanding | - | 176.2M | 170.6M | 164.6M | 161.5M | 156.9M |
| 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 | $781.08M | $1.30B | $1.12B | $918.18M | $893.48M |
| Accounts Receivable | $192.83M | $214.15M | $217.42M | $210.55M | $168.96M |
| Inventory | $38.20M | $38.14M | $29.51M | $56.34M | $73.08M |
| Other Current Assets | $2.07M | $2.83M | $118.44M | $130.31M | $87.39M |
| Total Current Assets | $1.12B | $1.66B | $1.49B | $1.32B | $1.23B |
| Property Plant & Equipment | $26.97M | $29.49M | $32.03M | $29.64M | $27.23M |
| Goodwill | $283.19M | $283.19M | $1.07B | $1.07B | $14.50B |
| Intangible Assets | $1.30B | $1.43B | $1.68B | $1.84B | $1.91B |
| Other Non-current Assets | $105.80M | $81.49M | $80.26M | $48.54M | $20.70M |
| Total Assets | $2.86B | $3.52B | $4.39B | $4.35B | $17.73B |
| Accounts Payable | $47.97M | $33.13M | $43.64M | $47.69M | $47.26M |
| Deferred Revenue | $62.30M | $79.30M | $95.66M | $90.46M | $75.57M |
| Other Current Liabilities | $22.94M | $27.43M | - | - | - |
| Total Current Liabilities | $404.74M | $941.53M | $420.62M | $399.77M | $331.01M |
| Deferred Tax Liabilities | $28.95M | $49.85M | $49.45M | $50.94M | $75.78M |
| Other Non-current Liabilities | $643.00K | $720.00K | $1.08M | $1.62M | $1.49M |
| Total Liabilities | $1.47B | $2.03B | $2.07B | - | - |
| Common Stock | $178.00K | $173.00K | $167.00K | $163.00K | $160.00K |
| Retained Earnings | $-16.43B | $-16.23B | $-15.23B | $-15.01B | $-1.42B |
| Total Stockholders Equity | $1.39B | $1.49B | $2.33B | $2.31B | $16.05B |
| Total Liabilities & Equity | $2.86B | $3.52B | $4.39B | $4.35B | $17.73B |
| 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 | $-200.32M | $-200.32M | $-1.00B | $-220.37M | $-13.66B | $-428.79M |
| Depreciation & Amortization | - | - | - | - | $256.03M | $204.24M |
| Stock-based Compensation | $153.08M | $80.41M | $145.95M | $201.55M | $217.85M | $302.59M |
| Deferred Income Tax | - | $-41.41M | $-1.15M | $-1.90M | - | - |
| Change in Receivables | $-1.36M | $-25.13M | $375.00K | $10.25M | $49.06M | $11.17M |
| Change in Inventory | $-2.77M | $-399.00K | $9.75M | $-24.09M | $-14.80M | $19.49M |
| Change in Payables | $48.09M | $11.45M | $-10.37M | $-4.18M | $1.88M | $1.19M |
| Operating Cash Flow | $417.63M | $294.36M | $293.68M | $350.02M | $189.29M | $193.99M |
| Capital Expenditure | $15.61M | $8.89M | $10.79M | $11.46M | $16.48M | $8.53M |
| Acquisitions | $211.81M | $81.90M | - | - | - | $78.66M |
| Purchases of Investments | $82.03M | $27.88M | - | - | - | - |
| Investing Cash Flow | $-572.24M | $-266.00M | $-124.05M | $-156.35M | $-167.74M | $-72.98M |
| Financing Cash Flow | $-1.10B | $-551.65M | $8.31M | $10.85M | $6.50M | $40.95M |
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 | $626.44M | $640.51M | $1.89B | $1.93B |
| Cost of Revenue | $187.18M | $179.75M | $574.54M | $562.34M |
| Operating Expenses | $678.40M | $684.91M | $2.11B | $2.90B |
| Research & Development | $67.57M | $72.38M | $206.31M | $230.52M |
| Operating Income | $-51.96M | $-44.40M | $-226.96M | $-972.67M |
| Interest Expense | $4.53M | $5.66M | $8.66M | $8.66M |
| Interest Income | $7.08M | $15.33M | $29.82M | $42.84M |
| Other Income/Expense | $-815.00K | $2.24M | $9.99M | $1.31M |
| Income Before Tax | $-50.22M | $-32.50M | $-201.91M | $-945.48M |
| Income Tax Expense | $-715.00K | $780.00K | $-26.73M | $7.35M |
| Net Income | $-49.51M | $-33.28M | $-175.18M | $-952.84M |
| Basic EPS | -0.28 | -0.19 | -1.00 | -5.61 |
| Diluted EPS | -0.28 | -0.19 | -1.00 | -5.61 |
| Basic Shares Outstanding | $176.93M | $171.50M | $175.68M | $169.82M |
| Diluted Shares Outstanding | $176.93M | $171.50M | $175.68M | $169.82M |
Condensed Consolidated Balance Sheets
| Description | Sep 30, 2025 | Dec 31, 2024 |
|---|---|---|
| Cash & Cash Equivalents | $726.25M | $1.30B |
| Accounts Receivable | $210.76M | $214.15M |
| Inventory | $39.90M | $38.14M |
| Other Current Assets | $115.85M | $113.30M |
| Total Current Assets | $1.09B | $1.66B |
| Property Plant & Equipment | $26.92M | $29.49M |
| Goodwill | $283.19M | $283.19M |
| Intangible Assets | $1.34B | $1.43B |
| Other Non-current Assets | $106.66M | $81.49M |
| Total Assets | $2.88B | $3.52B |
| Accounts Payable | $52.20M | $33.13M |
| Deferred Revenue | $70.15M | $79.30M |
| Total Current Liabilities | $405.09M | $941.53M |
| Deferred Tax Liabilities | $34.06M | $49.85M |
| Other Non-current Liabilities | $4.24M | $720.00K |
| Total Liabilities | $1.49B | $2.03B |
| Common Stock | $177.00K | $173.00K |
| Retained Earnings | $-16.41B | $-16.23B |
| Total Stockholders Equity | $1.39B | $1.49B |
| Total Liabilities & Equity | $2.88B | $3.52B |
Condensed Consolidated Statements of Cash Flows
| Description | Sep 30, 2025 | Sep 30, 2025 | ||
|---|---|---|---|---|
| Current | Prior Year | Current YTD | Prior Year YTD | |
| Net Income | $-49.51M | $-33.28M | $-175.18M | $-952.84M |
| Stock-based Compensation | - | - | $64.50M | $118.48M |
| Change in Receivables | - | - | $-7.66M | $-3.67M |
| Change in Inventory | - | - | $1.04M | $8.33M |
| Change in Payables | - | - | $16.26M | $-5.85M |
| Operating Cash Flow | - | - | $206.62M | $207.78M |
| Capital Expenditure | - | - | $6.27M | $4.66M |
| Acquisitions | - | - | $81.90M | - |
| Purchases of Investments | - | - | $27.88M | - |
| Investing Cash Flow | - | - | $-231.68M | $-94.41M |
| Financing Cash Flow | - | - | $-552.76M | $6.25M |
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.