$907.09M
Revenue
$-1.31B
Net Income
-
Gross Margin
-134.96%
Op. Margin
$-2.00B
Free Cash Flow
| Breakdown | TTM (Dec 31, 2025) |
FY 2025 (Dec 31, 2025) |
FY 2024 (Dec 31, 2024) |
FY 2022 (Dec 31, 2022) |
FY 2021 (Dec 31, 2021) |
FY 2020 (Dec 31, 2020) |
|---|---|---|---|---|---|---|
| Total Revenue | $907.09M | $907.09M | $656.38M | $117.75M | $150.46M | $4.36M |
| Revenue Growth % | 0.0% | 38.2% | 457.4% | -21.7% | 3353.0% | nan% |
| Cost of Revenue | - | - | $815.75M | $151.43M | $42.40M | $7.00M |
| Gross Profit | - | - | $-159.37M | $-33.67M | $108.07M | $-2.64M |
| Gross Margin % | nan% | nan% | -24.3% | -28.6% | 71.8% | -60.7% |
| Operating Expenses | - | - | $-465.48M | $630.20M | $235.55M | $14.19M |
| Research & Development | $30.12M | $30.12M | $13.23M | $98.00K | - | - |
| Operating Income | $-1.22B | $-1.22B | $306.11M | $-663.87M | $-85.09M | $-9.83M |
| Operating Margin % | -135.0% | -135.0% | 46.6% | -563.8% | -56.6% | -225.7% |
| Interest Expense | $32.31M | $32.31M | $678.00K | $14.98M | $1.57M | $20.98K |
| Interest Income | $55.85M | $55.85M | $16.71M | $1.02M | $677.41K | $18.34K |
| Other Income/Expense | $-26.78M | $-26.78M | $-8.39M | $1.28M | $81.83K | $113.48K |
| Income Before Tax | $-1.37B | $-1.37B | $616.50M | $-708.58M | $-13.15M | $-10.45M |
| Income Tax Expense | $-56.38M | $-56.38M | $75.50M | $-21.84M | $23.02M | - |
| Net Income | $-1.31B | $-1.31B | $541.25M | $-686.74M | $-36.17M | $-10.45M |
| Net Margin % | -144.6% | -144.6% | 82.5% | -583.2% | -24.0% | -239.8% |
| Basic EPS | -3.75 | -3.69 | 1.87 | -6.05 | -0.37 | -0.13 |
| Diluted EPS | -4.03 | -3.69 | 1.72 | -6.12 | nan | nan |
| Basic Shares Outstanding | - | 355.2M | 290.0M | 113.5M | 99.3M | 81.4M |
| Diluted Shares Outstanding | - | 355.2M | 311.8M | 113.5M | - | - |
| Breakdown | FY 2025 (Dec 31, 2025) |
FY 2024 (Dec 31, 2024) |
FY 2022 (Dec 31, 2022) |
FY 2021 (Dec 31, 2021) |
FY 2020 (Dec 31, 2020) |
|---|---|---|---|---|---|
| Cash & Cash Equivalents | $547.13M | $391.77M | $103.70M | $268.52M | $141.32M |
| Short-term Investments | - | - | - | $223.78M | - |
| Other Current Assets | $44.33M | $35.61M | $40.83M | $8.15M | $2.40M |
| Total Current Assets | $664.27M | $470.37M | $277.55M | $688.15M | $286.41M |
| Property Plant & Equipment | $1.49B | $1.55B | $273.03M | $276.24M | $17.22M |
| Goodwill | - | $82.75M | - | - | - |
| Intangible Assets | $988.00K | $2.71M | - | $931.23K | $1.00M |
| Total Assets | $7.29B | $6.80B | $1.20B | $1.45B | $313.25M |
| Accounts Payable | $12.55M | $12.56M | $1.31M | $7.77M | - |
| Accrued Liabilities | $86.98M | $76.89M | $22.29M | $2.61M | - |
| Other Current Liabilities | $22.60M | $5.35M | - | - | - |
| Total Current Liabilities | $521.88M | $95.20M | $26.11M | $13.79M | $1.44M |
| Long-term Debt | $3.60B | $2.45B | - | - | - |
| Deferred Tax Liabilities | $29.86M | $88.50M | - | $23.02M | - |
| Other Non-current Liabilities | $12.46M | $8.41M | - | - | - |
| Total Liabilities | - | - | - | $765.22M | $1.51M |
| Common Stock | $37.00K | $34.00K | $15.00K | $10.27K | $8.20K |
| Retained Earnings | $-1.34B | $-26.39M | $-840.34M | $-152.23M | $-116.06M |
| Total Stockholders Equity | $3.47B | $4.13B | $385.94M | $683.02M | $311.74M |
| Total Liabilities & Equity | $7.29B | $6.80B | $1.20B | $1.45B | $313.25M |
| Breakdown | TTM (Dec 31, 2025) |
FY 2025 (Dec 31, 2025) |
FY 2024 (Dec 31, 2024) |
FY 2022 (Dec 31, 2022) |
FY 2021 (Dec 31, 2021) |
FY 2020 (Dec 31, 2020) |
|---|---|---|---|---|---|---|
| Net Income | $-1.85B | $-1.31B | $541.25M | $-686.74M | $-36.17M | $-10.45M |
| Depreciation & Amortization | $1.25B | $772.77M | $403.71M | $78.71M | $14.90M | $3.06M |
| Stock-based Compensation | $325.18M | $172.29M | $157.64M | $24.59M | $160.79M | $1.18M |
| Deferred Income Tax | - | $-58.65M | $73.22M | - | - | - |
| Change in Receivables | - | - | $9.32M | - | - | - |
| Operating Cash Flow | $-1.40B | $-802.73M | $-677.02M | $-176.48M | $-18.22M | $-7.77M |
| Capital Expenditure | $603.70M | $407.07M | $250.82M | $41.11M | $273.85M | $17.74M |
| Acquisitions | $109.08M | $36.37M | $335.63M | - | - | - |
| Investing Cash Flow | $-1.22B | $-669.92M | $-3.23B | $-390.23M | $-891.92M | $-81.29M |
| Debt Repayment | - | - | - | $120.00M | - | - |
| Stock Issued | $988.05M | $568.56M | $1.85B | $361.49M | $324.77M | $229.96M |
| Stock Repurchased | $102.81M | $46.92M | $34.86M | - | - | - |
| Financing Cash Flow | $2.29B | $1.63B | $3.95B | $410.65M | $1.04B | $229.69M |
| Net Change in Cash | $-322.49M | $155.36M | $46.46M | $-156.05M | $127.20M | $140.63M |
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 | $252.41M | $131.65M | $704.78M | $441.98M |
| Research & Development | $8.72M | $2.81M | $26.56M | $9.12M |
| Operating Income | $47.59M | $-172.22M | $186.31M | $-34.92M |
| Interest Expense | $12.76M | $2.34M | $35.54M | $4.97M |
| Interest Income | $17.69M | $3.89M | $39.31M | $8.78M |
| Other Income/Expense | $1.14M | $-1.15M | $-1.89M | $1.89M |
| Income Before Tax | $160.81M | $-173.95M | $524.91M | $-30.04M |
| Income Tax Expense | $37.68M | $-49.16M | $127.01M | $-42.77M |
| Net Income | $123.13M | $-124.79M | $397.90M | $12.72M |
| Basic EPS | 0.33 | -0.42 | 1.13 | 0.05 |
| Diluted EPS | 0.27 | -0.42 | 0.90 | 0.05 |
| Basic Shares Outstanding | $372.07M | $294.94M | $352.32M | $277.64M |
| Diluted Shares Outstanding | $470.13M | $294.94M | $450.08M | $282.65M |
Condensed Consolidated Balance Sheets
| Description | Sep 30, 2025 | Dec 31, 2024 |
|---|---|---|
| Cash & Cash Equivalents | $826.39M | $391.77M |
| Other Current Assets | $40.38M | $35.61M |
| Total Current Assets | $961.92M | $470.37M |
| Property Plant & Equipment | $1.55B | $1.55B |
| Goodwill | $82.78M | $82.75M |
| Intangible Assets | $771.00K | $2.71M |
| Total Assets | $9.15B | $6.80B |
| Accounts Payable | $11.43M | $12.56M |
| Accrued Liabilities | $74.33M | $76.89M |
| Other Current Liabilities | $22.12M | $5.35M |
| Total Current Liabilities | $459.37M | $95.20M |
| Deferred Tax Liabilities | $215.76M | $88.50M |
| Other Non-current Liabilities | $12.25M | $8.41M |
| Common Stock | $37.00K | $34.00K |
| Retained Earnings | $371.78M | $-26.39M |
| Total Stockholders Equity | $5.16B | $4.13B |
| Total Liabilities & Equity | $9.15B | $6.80B |
Condensed Consolidated Statements of Cash Flows
| Description | Sep 30, 2025 | Sep 30, 2025 | ||
|---|---|---|---|---|
| Current | Prior Year | Current YTD | Prior Year YTD | |
| Net Income | $123.13M | $-124.79M | $397.90M | $12.72M |
| Depreciation & Amortization | - | - | $486.95M | $289.60M |
| Stock-based Compensation | - | - | $142.24M | $103.58M |
| Operating Cash Flow | - | - | $-577.98M | $-363.60M |
| Capital Expenditure | - | - | $242.60M | $64.30M |
| Acquisitions | - | - | $36.37M | $275.84M |
| Investing Cash Flow | - | - | $-622.66M | $-1.23B |
| Stock Issued | - | - | $571.89M | $1.16B |
| Stock Repurchased | - | - | $43.22M | $28.96M |
| Financing Cash Flow | - | - | $1.64B | $1.41B |
| Net Change in Cash | - | - | $434.62M | $-181.06M |
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.