$391.56M
Revenue
$-76.58M
Net Income
51.62%
Gross Margin
-34.35%
Op. Margin
$-151.25M
Free Cash Flow
| Breakdown | TTM (Dec 31, 2025) |
FY 2025 (Sep 30, 2025) |
FY 2024 (Sep 30, 2024) |
FY 2023 (Sep 30, 2023) |
FY 2021 (Sep 30, 2021) |
FY 2020 (Sep 30, 2020) |
|---|---|---|---|---|---|---|
| Total Revenue | $391.56M | $376.57M | $312.97M | $245.11M | $132.33M | $90.10M |
| Revenue Growth % | 4.0% | 20.3% | 27.7% | 85.2% | 46.9% | nan% |
| Cost of Revenue | $189.42M | $185.57M | $179.62M | $155.38M | $80.62M | $61.41M |
| Gross Profit | $202.13M | $191.00M | $133.35M | $89.73M | $51.71M | $28.69M |
| Gross Margin % | 51.6% | 50.7% | 42.6% | 36.6% | 39.1% | 31.8% |
| Operating Expenses | $526.07M | $512.83M | $533.80M | $462.27M | $285.06M | $230.18M |
| Research & Development | $76.11M | $80.28M | $90.85M | $106.89M | $69.07M | $43.01M |
| Selling General & Admin | $260.54M | $246.98M | $218.40M | $189.74M | $135.90M | $103.27M |
| Operating Income | $-134.51M | $-136.26M | $-220.83M | $-217.16M | $-152.73M | $-140.08M |
| Operating Margin % | -34.4% | -36.2% | -70.6% | -88.6% | -115.4% | -155.5% |
| Interest Expense | - | - | - | $5.00K | $367.00K | $787.00K |
| Interest Income | $10.30M | $11.36M | $15.34M | $14.37M | $435.00K | $1.50M |
| Other Income/Expense | $-196.00K | $-903.00K | $-2.68M | $-672.00K | $-1.37M | $-182.00K |
| Income Before Tax | $-75.71M | $-76.95M | $-208.17M | $-203.47M | $-154.03M | $-139.55M |
| Income Tax Expense | $876.00K | $719.00K | $560.00K | $1.15M | $-1.93M | $382.00K |
| Net Income | $-76.58M | $-77.67M | $-208.73M | $-204.62M | $-152.10M | $-139.93M |
| Net Margin % | -19.6% | -20.6% | -66.7% | -83.5% | -114.9% | -155.3% |
| Basic EPS | -1.27 | -1.30 | -3.60 | -3.60 | -3.15 | nan |
| Diluted EPS | -1.28 | -1.30 | -3.60 | -3.60 | -3.15 | nan |
| Basic Shares Outstanding | 61.1M | 59.8M | 58.0M | 56.9M | 48.3M | - |
| Diluted Shares Outstanding | 61.1M | 59.8M | 58.0M | 56.9M | 48.3M | - |
| Breakdown | FY 2025 (Sep 30, 2025) |
FY 2024 (Sep 30, 2024) |
FY 2023 (Sep 30, 2023) |
FY 2021 (Sep 30, 2021) |
FY 2020 (Sep 30, 2020) |
|---|---|---|---|---|---|
| Cash & Cash Equivalents | $183.05M | $226.32M | $286.47M | $465.83M | $93.67M |
| Short-term Investments | $49.38M | $50.08M | $49.94M | $12.03M | $196.34M |
| Accounts Receivable | $57.02M | $34.90M | $44.06M | $28.55M | $26.38M |
| Inventory | $28.31M | $24.08M | $32.06M | $31.80M | $12.29M |
| Other Current Assets | $15.20M | $11.40M | $11.72M | $8.28M | $6.20M |
| Total Current Assets | $332.97M | $346.78M | $424.26M | $546.50M | $334.87M |
| Property Plant & Equipment | $102.28M | $102.52M | $131.83M | $44.12M | $25.47M |
| Goodwill | $82.19M | $85.81M | $85.81M | $22.43M | $1.14M |
| Intangible Assets | $13.43M | $14.48M | $54.48M | $18.26M | $307.00K |
| Other Non-current Assets | $4.90M | $1.57M | $5.68M | $7.67M | $2.82M |
| Total Assets | $641.86M | $614.32M | $776.40M | $702.10M | $398.88M |
| Accounts Payable | $11.09M | $1.63M | $14.05M | $14.90M | $4.83M |
| Accrued Liabilities | $23.05M | $15.10M | $10.75M | $6.44M | $3.90M |
| Other Current Liabilities | $12.15M | $5.82M | $7.80M | $9.62M | $2.61M |
| Total Current Liabilities | $91.41M | $71.01M | $73.32M | $63.05M | $36.03M |
| Long-term Debt | - | - | - | - | $1.40M |
| Other Non-current Liabilities | $747.00K | $407.00K | $475.00K | $5.07M | $351.00K |
| Total Liabilities | $168.90M | $141.63M | $152.97M | $121.28M | $62.62M |
| Common Stock | - | - | - | - | - |
| Retained Earnings | $-1.32B | $-1.24B | $-1.03B | $-610.55M | $-458.45M |
| Total Stockholders Equity | $472.96M | $472.69M | $623.43M | $580.82M | $336.26M |
| Total Liabilities & Equity | $641.86M | $614.32M | $776.40M | $702.10M | $398.88M |
| Breakdown | TTM (Dec 31, 2025) |
FY 2025 (Sep 30, 2025) |
FY 2024 (Sep 30, 2024) |
FY 2023 (Sep 30, 2023) |
FY 2021 (Sep 30, 2021) |
FY 2020 (Sep 30, 2020) |
|---|---|---|---|---|---|---|
| Net Income | $-76.58M | $-77.67M | $-208.73M | $-204.62M | $-152.10M | $-139.93M |
| Depreciation & Amortization | $43.83M | $24.85M | $31.43M | $29.31M | $9.75M | $6.68M |
| Stock-based Compensation | $110.05M | $64.46M | $50.92M | $30.28M | $37.00M | $17.10M |
| Change in Receivables | $30.82M | $22.38M | $-8.44M | $4.32M | $2.20M | $14.27M |
| Change in Inventory | $5.63M | $4.23M | $-7.99M | $-7.24M | $19.49M | $4.96M |
| Change in Payables | $17.23M | $9.33M | $-11.80M | $-2.51M | $8.54M | $-5.51M |
| Operating Cash Flow | $-106.86M | $-47.63M | $-64.09M | $-142.47M | $-112.24M | $-142.25M |
| Capital Expenditure | $44.39M | $28.00M | $5.08M | $27.78M | $27.06M | $9.87M |
| Acquisitions | - | - | - | - | $483.00K | - |
| Purchases of Investments | $95.43M | $49.39M | $51.91M | $76.34M | $58.80M | $202.88M |
| Investing Cash Flow | $-37.66M | $-24.76M | $-3.07M | $50.61M | $156.16M | $-114.65M |
| Debt Repayment | - | - | - | - | $3.33M | $3.33M |
| Financing Cash Flow | $49.98M | $28.54M | $6.89M | $911.00K | $329.18M | $303.73M |
| Net Change in Cash | $-94.33M | $-43.71M | $-60.15M | $-90.98M | $373.11M | $46.85M |
SEC Filing Format - Data shown as it appears in the Q1 2026 (10-Q) filing
Period ended: Dec 31, 2025
Condensed Consolidated Statements of Operations
| Description | Dec 31, 2025 | |
|---|---|---|
| Current | Prior Year | |
| Total Revenue | $103.70M | $88.71M |
| Cost of Revenue | $49.73M | $45.87M |
| Operating Expenses | $136.60M | $123.36M |
| Research & Development | $17.13M | $21.31M |
| Selling General & Admin | $69.74M | $56.18M |
| Operating Income | $-32.90M | $-34.64M |
| Interest Income | $2.17M | $3.24M |
| Other Income/Expense | $471.00K | $-93.00K |
| Income Before Tax | $-30.25M | $-31.50M |
| Income Tax Expense | $253.00K | $97.00K |
| Net Income | $-30.51M | $-31.59M |
| Basic EPS | -0.50 | -0.53 |
| Diluted EPS | -0.50 | -0.53 |
| Basic Shares Outstanding | $61.08M | $59.16M |
| Diluted Shares Outstanding | $61.08M | $59.16M |
Condensed Consolidated Balance Sheets
| Description | Dec 31, 2025 | Sep 30, 2025 |
|---|---|---|
| Cash & Cash Equivalents | $148.59M | $183.05M |
| Short-term Investments | $49.36M | $49.38M |
| Accounts Receivable | $50.06M | $57.02M |
| Inventory | $32.92M | $28.31M |
| Other Current Assets | $22.95M | $15.20M |
| Total Current Assets | $303.88M | $332.97M |
| Property Plant & Equipment | $105.12M | $102.28M |
| Goodwill | $82.19M | $82.19M |
| Intangible Assets | $13.16M | $13.43M |
| Other Non-current Assets | $4.73M | $4.90M |
| Total Assets | $638.09M | $641.86M |
| Accounts Payable | $12.49M | $11.09M |
| Accrued Liabilities | $23.41M | $23.05M |
| Deferred Revenue | $9.02M | $6.88M |
| Other Current Liabilities | $13.47M | $12.15M |
| Total Current Liabilities | $80.44M | $91.41M |
| Other Non-current Liabilities | $741.00K | $747.00K |
| Total Liabilities | $181.99M | $168.90M |
| Common Stock | - | - |
| Retained Earnings | $-1.35B | $-1.32B |
| Total Stockholders Equity | $456.10M | $472.96M |
| Total Liabilities & Equity | $638.09M | $641.86M |
Condensed Consolidated Statements of Cash Flows
| Description | Dec 31, 2025 | |
|---|---|---|
| Current | Prior Year | |
| Net Income | $-30.51M | $-31.59M |
| Depreciation & Amortization | $6.19M | $6.38M |
| Stock-based Compensation | $13.27M | $11.99M |
| Change in Receivables | $-6.83M | $4.54M |
| Change in Inventory | $4.62M | $-560.00K |
| Change in Payables | $1.47M | $5.71M |
| Operating Cash Flow | $-24.81M | $-21.43M |
| Capital Expenditure | $9.97M | $2.27M |
| Purchases of Investments | $20.51M | $20.59M |
| Investing Cash Flow | $-9.93M | $-1.54M |
| Financing Cash Flow | $298.00K | $17.94M |
| Net Change in Cash | $-34.44M | $-5.07M |
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.