-
Revenue
$-177.04M
Net Income
-
Gross Margin
-
Op. Margin
$-261.61M
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) |
FY 2020 (Dec 31, 2020) |
FY 2019 (Dec 31, 2019) |
FY 2018 (Dec 31, 2018) |
FY 2017 (Dec 31, 2017) |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Expenses | $172.19M | $172.19M | $113.27M | $66.23M | $39.39M | $28.36M | $9.56M | $7.81M | $7.93M | $5.95M |
| Research & Development | $145.00M | $145.00M | $104.20M | $60.59M | $35.29M | $25.76M | $7.68M | $6.27M | $6.33M | $4.98M |
| Operating Income | $-172.19M | $-172.19M | $-113.27M | $-66.23M | $-39.39M | $-28.36M | $-9.56M | $-7.81M | $-7.93M | $-5.95M |
| Interest Expense | $18.02M | $14.40M | $10.30M | $5.33M | $2.11M | $1.26M | $120.00 | $159.00 | $111.00 | $451.66K |
| Interest Income | $12.30M | $12.30M | $11.77M | $7.78M | $1.13M | $13.26K | $82.11K | $446.10K | $448.83K | $152.88K |
| Other Income/Expense | $-4.85M | $-4.85M | $1.49M | $2.45M | $-978.95K | $-1.25M | $81.99K | $445.94K | $451.72K | $-298.79K |
| Income Before Tax | $-177.04M | $-177.04M | $-111.78M | $-63.78M | $-40.37M | $-29.61M | $-9.47M | $-7.36M | $-7.48M | $-6.25M |
| Income Tax Expense | - | - | - | - | - | - | - | - | - | - |
| Net Income | $-177.04M | $-177.04M | $-111.78M | $-63.78M | $-40.37M | $-29.61M | $-9.47M | $-7.36M | $-7.48M | $-6.25M |
| Basic EPS | -3.80 | -3.79 | -2.83 | -2.69 | -2.64 | -2.21 | nan | nan | nan | nan |
| Diluted EPS | -3.80 | -3.79 | -2.83 | -2.69 | -2.64 | nan | nan | nan | nan | nan |
| Basic Shares Outstanding | - | 46.8M | 39.4M | 23.7M | 15.4M | 13.4M | - | - | - | - |
| Diluted Shares Outstanding | - | 46.8M | 39.4M | 23.7M | 15.4M | - | - | - | - | - |
| 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) |
FY 2020 (Dec 31, 2020) |
FY 2019 (Dec 31, 2019) |
FY 2018 (Dec 31, 2018) |
FY 2017 (Dec 31, 2017) |
|---|---|---|---|---|---|---|---|---|---|
| Cash & Cash Equivalents | $165.70M | $22.52M | $30.66M | $24.57M | $84.29M | $11.64M | $18.74M | $15.94M | $2.64M |
| Short-term Investments | $275.79M | $212.59M | $149.92M | $144.02M | - | - | - | $8.95M | $21.56M |
| Other Current Assets | $5.27M | $2.70M | $10.01M | $6.60M | - | - | - | - | - |
| Total Current Assets | $465.66M | $244.57M | $190.59M | $175.19M | $85.35M | $12.17M | $19.25M | $25.22M | $24.48M |
| Property Plant & Equipment | $499.00K | $336.00K | $228.78K | $260.29K | $312.44K | $558.88K | $833.46K | $813.61K | $280.06K |
| Long-term Investments | - | - | - | - | - | - | - | - | $7.21M |
| Other Non-current Assets | $349.00K | - | - | - | - | - | - | - | - |
| Total Assets | $466.56M | $245.12M | $191.22M | $175.70M | $85.91M | $12.96M | $20.28M | $26.03M | $31.97M |
| Accounts Payable | $6.41M | $9.37M | $5.08M | $2.63M | $1.51M | $217.38K | $142.77K | $119.81K | $71.91K |
| Accrued Liabilities | - | $22.18M | $8.93M | $4.06M | $802.89K | $774.61K | $584.32K | $536.79K | $506.14K |
| Other Current Liabilities | $20.86M | $5.48M | - | - | - | - | - | - | - |
| Total Current Liabilities | $44.15M | $31.72M | $14.19M | $6.88M | $2.51M | $1.19M | $911.33K | $662.33K | $578.05K |
| Long-term Debt | $137.55M | - | - | - | - | - | - | - | - |
| Total Liabilities | $366.00M | $129.50M | $51.45M | $41.93M | $17.20M | $1.25M | $983.23K | $682.21K | $578.05K |
| Common Stock | $48.00K | $37.00K | $25.51K | $21.67K | $14.92K | $10.30K | $10.25K | $10.19K | $10.09K |
| Retained Earnings | $-448.90M | $-271.86M | $-160.08M | $-96.30M | $-55.93M | $-26.32M | $-16.85M | $-9.49M | $-2.01M |
| Total Stockholders Equity | $100.56M | $115.62M | $139.77M | $133.77M | $68.71M | $11.70M | $19.30M | $25.35M | $31.39M |
| Total Liabilities & Equity | $466.56M | $245.12M | $191.22M | $175.70M | $85.91M | $12.96M | $20.28M | $26.03M | $31.97M |
| 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) |
FY 2020 (Dec 31, 2020) |
FY 2019 (Dec 31, 2019) |
FY 2018 (Dec 31, 2018) |
FY 2017 (Dec 31, 2017) |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $-177.04M | $-177.04M | $-111.78M | $-63.78M | $-40.37M | $-29.61M | $-9.47M | $-7.36M | $-7.48M | $-6.25M |
| Stock-based Compensation | $21.38M | $21.38M | $6.99M | $4.90M | $4.64M | $2.61M | $1.76M | $1.04M | $1.17M | $874.39K |
| Change in Payables | $-587.00K | $-3.04M | $4.32M | $2.43M | $1.08M | $1.31M | $52.97K | $45.62K | $25.43K | $-262.51K |
| Operating Cash Flow | $-261.20M | $-153.28M | $-83.47M | $-53.81M | $-36.01M | $-20.31M | $-7.15M | $-6.00M | $-6.08M | $-4.95M |
| Capital Expenditure | $408.00K | $249.00K | $250.00K | $97.64K | $158.77K | $81.90K | $89.37K | $380.20K | $629.61K | $239.85K |
| Purchases of Investments | $545.35M | $396.34M | $705.16M | $314.53M | $143.87M | - | - | - | $3.23M | $28.74M |
| Investing Cash Flow | $50.30M | $-64.08M | $-63.07M | $-5.01M | $-144.03M | $-81.40K | $-89.37K | $8.53M | $19.09M | $-28.98M |
| Financing Cash Flow | $371.89M | $360.55M | $138.39M | $64.91M | $120.33M | $93.04M | $137.97K | $259.31K | $236.70K | $30.71M |
| Net Change in Cash | - | - | - | - | - | - | $-7.10M | $2.79M | $13.25M | $-3.22M |
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 | |
| Operating Expenses | $42.85M | - | $122.99M | - |
| Research & Development | $34.91M | - | $107.36M | - |
| Operating Income | $-42.85M | - | $-122.99M | - |
| Interest Expense | $4.59M | - | $7.42M | - |
| Interest Income | $3.64M | - | $7.90M | - |
| Other Income/Expense | $-955.00K | - | $-3.08M | - |
| Income Before Tax | $-43.80M | - | $-126.07M | - |
| Income Tax Expense | - | - | - | - |
| Net Income | $-43.80M | $-23.72M | $-126.07M | - |
| Basic EPS | -0.92 | - | -2.81 | - |
| Diluted EPS | -0.92 | - | -2.81 | - |
| Basic Shares Outstanding | $47.59M | - | $44.79M | - |
| Diluted Shares Outstanding | $47.59M | - | $44.79M | - |
Condensed Consolidated Balance Sheets
| Description | Sep 30, 2025 | Dec 31, 2024 |
|---|---|---|
| Cash & Cash Equivalents | $74.25M | $22.52M |
| Short-term Investments | $380.73M | $212.59M |
| Other Current Assets | $20.52M | $9.47M |
| Total Current Assets | $475.50M | $244.57M |
| Property Plant & Equipment | $417.00K | $336.00K |
| Total Assets | $476.00M | $245.12M |
| Accounts Payable | $11.42M | $9.37M |
| Accrued Liabilities | $27.28M | $22.18M |
| Total Current Liabilities | $38.79M | $31.72M |
| Total Liabilities | $359.04M | $129.50M |
| Common Stock | $43.00K | $37.00K |
| Retained Earnings | $-397.92M | $-271.86M |
| Total Stockholders Equity | $116.96M | $115.62M |
| Total Liabilities & Equity | $476.00M | $245.12M |
Condensed Consolidated Statements of Cash Flows
| Description | Sep 30, 2025 | Sep 30, 2025 | ||
|---|---|---|---|---|
| Current | Prior Year | Current YTD | Prior Year YTD | |
| Net Income | $-43.80M | $-23.72M | $-126.07M | - |
| Stock-based Compensation | $6.78M | - | $11.93M | - |
| Change in Payables | - | - | $1.78M | - |
| Operating Cash Flow | - | - | $-116.88M | - |
| Capital Expenditure | - | - | $196.00K | - |
| Purchases of Investments | - | - | $396.34M | - |
| Investing Cash Flow | - | - | $-167.49M | - |
| Financing Cash Flow | - | - | $336.11M | - |
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.