$391.56M
Revenue
$-76.58M
Net Income
51.62%
Gross Margin
-34.35%
Op. Margin
$-151.25M
Free Cash Flow
| Breakdown | Q1 2026 (Dec 31, 2025) |
Q4 2025 (Sep 30, 2025) |
Q3 2025 (Jun 30, 2025) |
Q2 2025 (Mar 31, 2025) |
Q1 2025 (Dec 31, 2024) |
Q4 2024 (Sep 30, 2024) |
Q3 2024 (Jun 30, 2024) |
Q2 2024 (Mar 31, 2024) |
Q1 2024 (Dec 31, 2023) |
Q4 2023 (Sep 30, 2023) |
Q3 2023 (Jun 30, 2023) |
Q2 2023 (Mar 31, 2023) |
Q1 2023 (Dec 31, 2022) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | $103.70M | $99.01M | $96.06M | $92.79M | $88.71M | $84.71M | $81.46M | $75.30M | $71.50M | $66.95M | $63.74M | $60.18M | $54.24M |
| Revenue Growth % (YoY) | 16.9% | 16.9% | 17.9% | 23.2% | 24.1% | 26.5% | 27.8% | 25.1% | 31.8% | nan% | nan% | nan% | nan% |
| Cost of Revenue | $49.73M | $48.17M | $44.76M | $46.77M | $45.87M | $46.48M | $46.19M | $44.42M | $42.54M | $42.42M | $41.84M | $41.67M | $29.44M |
| Gross Profit | $53.97M | $50.84M | $51.30M | $46.03M | $42.84M | $38.23M | $35.27M | $30.88M | $28.96M | $24.52M | $21.89M | $18.51M | $24.80M |
| Gross Margin % | 52.0% | 51.3% | 53.4% | 49.6% | 48.3% | 45.1% | 43.3% | 41.0% | 40.5% | 36.6% | 34.4% | 30.8% | 45.7% |
| Operating Expenses | $136.60M | $128.94M | $126.18M | $134.35M | $123.36M | $120.75M | $170.39M | $124.19M | $118.47M | $117.06M | $124.52M | $121.82M | $98.87M |
| Research & Development | $17.13M | $17.01M | $18.05M | $23.92M | $21.31M | $21.13M | $22.47M | $24.15M | $23.10M | $23.75M | $24.53M | $27.38M | $31.24M |
| Selling General & Admin | $69.74M | $63.76M | $63.37M | $63.67M | $56.18M | $53.14M | $56.79M | $55.62M | $52.84M | $47.39M | $46.06M | $53.97M | $42.32M |
| Operating Income | $-32.90M | $-29.93M | $-30.12M | $-41.56M | $-34.64M | $-36.04M | $-88.92M | $-48.89M | $-46.98M | $-50.11M | $-60.78M | $-61.64M | $-44.63M |
| Operating Margin % | -31.7% | -30.2% | -31.4% | -44.8% | -39.1% | -42.5% | -109.2% | -64.9% | -65.7% | -74.9% | -95.4% | -102.4% | -82.3% |
| Interest Expense | - | - | - | $143.00K | $24.00K | - | - | - | - | $1.00K | $1.00K | $2.00K | $1.00K |
| Interest Income | $2.17M | $2.63M | $2.69M | $2.80M | $3.24M | $3.62M | $3.66M | $3.94M | $4.12M | $3.89M | $3.97M | $3.46M | $3.04M |
| Other Income/Expense | $471.00K | $420.00K | $-836.00K | $-251.00K | $-69.00K | $-2.33M | $-121.00K | $-199.00K | $-31.00K | $-250.00K | $41.00K | $-305.00K | $-157.00K |
| Income Before Tax | $-30.25M | $-26.88M | $20.58M | $-39.15M | $-31.50M | $-34.75M | $-85.38M | $-45.15M | $-42.89M | $-46.47M | $-56.77M | $-58.48M | $-41.75M |
| Income Tax Expense | $253.00K | $257.00K | $191.00K | $175.00K | $97.00K | $-96.00K | $191.00K | $345.00K | $120.00K | $-222.00K | $622.00K | $676.00K | $76.00K |
| Net Income | $-30.51M | $-27.14M | $20.39M | $-39.33M | $-31.59M | $-34.66M | $-85.57M | $-45.49M | $-43.01M | $-46.24M | $-57.40M | $-59.16M | $-41.82M |
| Net Margin % | -29.4% | -27.4% | 21.2% | -42.4% | -35.6% | -40.9% | -105.0% | -60.4% | -60.2% | -69.1% | -90.0% | -98.3% | -77.1% |
| Basic EPS | -0.50 | -0.45 | 0.34 | -0.66 | -0.53 | -0.59 | -1.47 | -0.79 | -0.75 | -0.81 | -1.01 | -1.04 | -0.74 |
| Diluted EPS | -0.50 | -0.45 | 0.33 | -0.66 | -0.53 | -0.59 | -1.47 | -0.79 | -0.75 | -0.81 | -1.01 | -1.04 | -0.74 |
| Basic Shares Outstanding | 61.1M | 208K | 60.0M | 59.6M | 59.2M | 210K | 58.1M | 57.8M | 57.5M | 132K | 57.0M | 56.8M | 56.4M |
| Diluted Shares Outstanding | 61.1M | 208K | 61.2M | 59.6M | 59.2M | 210K | 58.1M | 57.8M | 57.5M | 132K | 57.0M | 56.8M | 56.4M |
| Breakdown | Q1 2026 (Dec 31, 2025) |
Q4 2025 (Sep 30, 2025) |
Q3 2025 (Jun 30, 2025) |
Q2 2025 (Mar 31, 2025) |
Q1 2025 (Dec 31, 2024) |
Q4 2024 (Sep 30, 2024) |
Q3 2024 (Jun 30, 2024) |
Q2 2024 (Mar 31, 2024) |
Q1 2024 (Dec 31, 2023) |
Q4 2023 (Sep 30, 2023) |
Q3 2023 (Jun 30, 2023) |
Q2 2023 (Mar 31, 2023) |
Q1 2023 (Dec 31, 2022) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Cash Equivalents | $148.59M | $183.05M | $201.37M | $210.44M | $221.40M | $226.32M | $239.14M | $243.35M | $266.27M | $286.47M | $307.46M | $315.20M | $316.68M |
| Short-term Investments | $49.36M | $49.38M | $49.42M | $46.71M | $49.42M | $50.08M | $50.28M | $49.99M | $44.88M | $49.94M | $49.69M | $72.46M | $122.03M |
| Accounts Receivable | $50.06M | $57.02M | $49.85M | $49.95M | $39.31M | $34.90M | $31.99M | $35.99M | $35.35M | $44.06M | $42.58M | $48.19M | $44.44M |
| Inventory | $32.92M | $28.31M | $25.94M | $20.86M | $23.52M | $24.08M | $28.48M | $30.38M | $30.86M | $32.06M | $36.35M | $39.92M | $44.60M |
| Other Current Assets | $22.95M | $15.20M | $13.19M | $10.49M | $11.65M | $11.40M | $11.94M | $12.16M | $12.87M | $11.72M | $9.46M | $13.50M | $14.12M |
| Total Current Assets | $303.88M | $332.97M | $339.78M | $338.44M | $345.31M | $346.78M | $361.83M | $371.87M | $390.23M | $424.26M | $445.54M | $489.27M | $541.86M |
| Property Plant & Equipment | $105.12M | $102.28M | $95.35M | $97.14M | $100.67M | $102.52M | $106.34M | $121.34M | $126.22M | $131.83M | $140.78M | $146.54M | $144.85M |
| Goodwill | $82.19M | $82.19M | $82.19M | $85.81M | $85.81M | $85.81M | $85.81M | $85.81M | $85.81M | $85.81M | $85.81M | $85.81M | $85.81M |
| Intangible Assets | $13.16M | $13.43M | $13.69M | $13.95M | $14.21M | $14.48M | $14.74M | $51.90M | $53.19M | $54.48M | $55.77M | $57.07M | $58.36M |
| Other Non-current Assets | $4.73M | $4.90M | $3.88M | $3.69M | $3.44M | $1.57M | $5.22M | $5.39M | $5.42M | $5.68M | $6.02M | $2.20M | $2.92M |
| Total Assets | $638.09M | $641.86M | $643.61M | $595.62M | $608.58M | $614.32M | $638.12M | $702.85M | $732.82M | $776.40M | $810.33M | $853.92M | $909.97M |
| Accounts Payable | $12.49M | $11.09M | $11.98M | $8.06M | $7.50M | $1.63M | $6.63M | $7.70M | $9.26M | $14.05M | $12.18M | $13.24M | $20.11M |
| Accrued Liabilities | $23.41M | $23.05M | $19.54M | $19.57M | $20.13M | $15.10M | $14.84M | $14.51M | $13.96M | $10.75M | $10.31M | $11.16M | $10.40M |
| Deferred Revenue | $9.02M | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Current Liabilities | $13.47M | $12.15M | $11.08M | $7.21M | $5.24M | $5.82M | $6.08M | $5.44M | $6.42M | $7.80M | $9.91M | $10.04M | $15.82M |
| Total Current Liabilities | $80.44M | $91.41M | $87.07M | $74.98M | $69.65M | $71.01M | $73.76M | $67.49M | $65.23M | $73.32M | $72.82M | $72.11M | $83.84M |
| Other Non-current Liabilities | $741.00K | $747.00K | $688.00K | $451.00K | $407.00K | $407.00K | $597.00K | $421.00K | $475.00K | $475.00K | $60.00K | $60.00K | $60.00K |
| Total Liabilities | $181.99M | $168.90M | $165.41M | $155.51M | $152.64M | $141.63M | $146.98M | $142.72M | $142.77M | $152.97M | $152.78M | $149.99M | $163.65M |
| Common Stock | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Retained Earnings | $-1.35B | $-1.32B | $-1.29B | $-1.31B | $-1.27B | $-1.24B | $-1.21B | $-1.12B | $-1.08B | $-1.03B | $-986.79M | $-929.40M | $-870.24M |
| Total Stockholders Equity | $456.10M | $472.96M | $478.20M | $440.11M | $455.94M | $472.69M | $491.14M | $560.13M | $590.04M | $623.43M | $657.55M | $703.93M | $746.33M |
| Total Liabilities & Equity | $638.09M | $641.86M | $643.61M | $595.62M | $608.58M | $614.32M | $638.12M | $702.85M | $732.82M | $776.40M | $810.33M | $853.92M | $909.97M |
| Breakdown | Q1 2026 (Dec 31, 2025) |
Q4 2025 (Sep 30, 2025) |
Q3 2025 (Jun 30, 2025) |
Q2 2025 (Mar 31, 2025) |
Q1 2025 (Dec 31, 2024) |
Q4 2024 (Sep 30, 2024) |
Q3 2024 (Jun 30, 2024) |
Q2 2024 (Mar 31, 2024) |
Q1 2024 (Dec 31, 2023) |
Q4 2023 (Sep 30, 2023) |
Q3 2023 (Jun 30, 2023) |
Q2 2023 (Mar 31, 2023) |
Q1 2023 (Dec 31, 2022) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $-30.51M | $-27.14M | $20.39M | $-39.33M | $-31.59M | $-34.66M | $-85.57M | $-45.49M | $-43.01M | $-46.24M | $-158.38M | $-59.16M | $-41.82M |
| Depreciation & Amortization | $6.19M | $6.00M | $18.85M | $12.78M | $6.38M | $6.66M | $24.78M | $16.48M | $8.17M | $8.50M | $20.81M | $12.32M | $5.29M |
| Stock-based Compensation | $13.27M | $16.08M | $48.38M | $32.32M | $11.99M | $12.35M | $38.58M | $24.84M | $11.02M | $11.75M | $18.53M | $7.93M | $-2.33M |
| Change in Receivables | $-6.83M | $7.21M | $15.17M | $15.26M | $4.54M | $2.95M | $-11.40M | $-7.40M | $-8.06M | $1.81M | $2.51M | $8.05M | $4.10M |
| Change in Inventory | $4.62M | $2.37M | $1.86M | $-3.22M | $-560.00K | $-4.41M | $-3.58M | $-1.69M | $-1.20M | $-4.29M | $-2.95M | $606.00K | $5.28M |
| Change in Payables | $1.47M | $-284.00K | $9.62M | $6.42M | $5.71M | $-4.88M | $-6.93M | $-5.72M | $-4.21M | $1.92M | $-4.43M | $-4.21M | $3.28M |
| Operating Cash Flow | $-24.81M | $-11.81M | $-35.81M | $-34.41M | $-21.43M | $-15.32M | $-48.77M | $-42.40M | $-22.97M | $-20.70M | $-121.77M | $-98.36M | $-54.07M |
| Capital Expenditure | $9.97M | $12.43M | $15.58M | $6.41M | $2.27M | $2.00M | $3.07M | $2.11M | $1.51M | $2.39M | $25.39M | $20.88M | $11.82M |
| Acquisitions | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Purchases of Investments | $20.51M | $21.14M | $28.26M | $25.52M | $20.59M | $21.19M | $30.71M | $28.97M | $18.33M | $18.09M | $58.26M | $50.43M | $22.65M |
| Investing Cash Flow | $-9.93M | $-12.40M | $-12.36M | $-2.96M | $-1.54M | $-1.28M | $-1.79M | $-1.07M | $4.17M | $-2.25M | $52.86M | $34.19M | $-6.97M |
| Debt Repayment | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Financing Cash Flow | $298.00K | $5.57M | $22.97M | $21.14M | $17.94M | $3.63M | $3.26M | $355.00K | $-1.47M | $442.00K | $469.00K | $1.13M | $-395.00K |
| Net Change in Cash | $-34.44M | $-18.48M | $-25.23M | $-16.18M | $-5.07M | $-12.90M | $-47.24M | $-43.06M | $-20.16M | $-22.56M | $-68.42M | $-62.70M | $-61.17M |
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-Q filings.
Quarterly data represents single quarter results (Q1-Q4). Some items may show year-to-date values if quarterly breakdown is unavailable.