-
Revenue
$-177.04M
Net Income
-
Gross Margin
-
Op. Margin
$-261.61M
Free Cash Flow
| Breakdown | Q4 2025 (Dec 31, 2025) |
Q3 2025 (Sep 30, 2025) |
Q2 2025 (Jun 30, 2025) |
Q1 2025 (Mar 31, 2025) |
Q4 2024 (Dec 31, 2024) |
Q3 2024 (Sep 30, 2024) |
Q2 2024 (Jun 30, 2024) |
|---|---|---|---|---|---|---|---|
| Operating Expenses | $49.20M | $42.85M | $44.01M | $36.13M | $36.43M | $30.06M | $24.28M |
| Research & Development | $37.63M | $34.91M | $40.22M | $32.23M | $33.47M | $27.59M | $22.50M |
| Operating Income | $-49.20M | $-42.85M | $-44.01M | $-36.13M | $-36.43M | $-30.06M | $-24.28M |
| Interest Expense | $3.42M | $7.42M | $4.80M | $2.38M | $5.19M | $3.34M | $2.26M |
| Interest Income | $4.39M | $3.64M | $1.95M | $2.32M | $3.05M | $3.61M | $2.82M |
| Other Income/Expense | $-1.77M | $-955.00K | $-1.26M | $-864.00K | $-223.00K | $268.11K | $561.27K |
| Income Before Tax | $-50.97M | $-43.80M | $-45.27M | $-37.00M | $-36.65M | $-29.79M | $-23.72M |
| Net Income | $-50.97M | $-43.80M | $-45.27M | $-37.00M | $-36.65M | $-29.79M | $-23.72M |
| Basic EPS | -0.98 | -0.92 | -1.04 | -0.86 | -0.87 | -0.70 | -0.62 |
| Diluted EPS | -0.98 | -0.92 | -1.04 | -0.86 | -0.87 | -0.70 | -0.62 |
| Basic Shares Outstanding | - | 47.6M | 43.7M | 43.1M | 1.1M | 42.8M | 38.4M |
| Diluted Shares Outstanding | - | 47.6M | 43.7M | 43.1M | 1.1M | 42.8M | 38.4M |
| Breakdown | Q4 2025 (Dec 31, 2025) |
Q3 2025 (Sep 30, 2025) |
Q2 2025 (Jun 30, 2025) |
Q1 2025 (Mar 31, 2025) |
Q4 2024 (Dec 31, 2024) |
Q3 2024 (Sep 30, 2024) |
Q2 2024 (Jun 30, 2024) |
|---|---|---|---|---|---|---|---|
| Cash & Cash Equivalents | $165.70M | $74.25M | $46.35M | $16.48M | $22.52M | $12.60M | $30.46M |
| Short-term Investments | $275.79M | $380.73M | $122.03M | $189.21M | $212.59M | $251.46M | $252.61M |
| Other Current Assets | $5.27M | $20.52M | $14.72M | $11.91M | $2.70M | $8.38M | $8.86M |
| Total Current Assets | $465.66M | $475.50M | $183.10M | $217.60M | $244.57M | $272.44M | $291.93M |
| Property Plant & Equipment | $499.00K | $417.00K | $357.00K | $358.00K | $336.00K | $338.79K | $308.44K |
| Other Non-current Assets | $349.00K | - | - | - | - | - | - |
| Total Assets | $466.56M | $476.00M | $183.59M | $218.13M | $245.12M | $273.04M | $292.54M |
| Accounts Payable | $6.41M | $11.42M | $11.16M | $9.93M | $9.37M | $9.16M | $6.20M |
| Accrued Liabilities | - | $27.28M | $28.64M | $22.82M | $22.18M | $16.97M | $13.15M |
| Other Current Liabilities | $20.86M | - | - | - | $5.48M | - | - |
| Total Current Liabilities | $44.15M | $38.79M | $39.94M | $32.92M | $31.72M | $26.31M | $19.53M |
| Long-term Debt | $137.55M | - | - | - | - | - | - |
| Total Liabilities | $366.00M | $359.04M | $139.22M | $131.46M | $129.50M | $123.33M | $115.86M |
| Common Stock | $48.00K | $43.00K | $39.00K | $38.00K | $37.00K | $37.12K | $37.02K |
| Retained Earnings | $-448.90M | $-397.92M | $-354.12M | $-308.85M | $-271.86M | $-235.20M | $-205.41M |
| Total Stockholders Equity | $100.56M | $116.96M | $44.38M | $86.67M | $115.62M | $149.71M | $176.68M |
| Total Liabilities & Equity | $466.56M | $476.00M | $183.59M | $218.13M | $245.12M | $273.04M | $292.54M |
| Breakdown | Q4 2025 (Dec 31, 2025) |
Q3 2025 (Sep 30, 2025) |
Q2 2025 (Jun 30, 2025) |
Q1 2025 (Mar 31, 2025) |
Q4 2024 (Dec 31, 2024) |
Q3 2024 (Sep 30, 2024) |
Q2 2024 (Jun 30, 2024) |
|---|---|---|---|---|---|---|---|
| Net Income | $-50.97M | $-43.80M | $-45.27M | $-37.00M | $-36.65M | $-75.13M | $-23.72M |
| Stock-based Compensation | $9.46M | $6.78M | $2.70M | $2.44M | $2.31M | $1.93M | $2.74M |
| Change in Payables | $-4.83M | $1.78M | $1.84M | $613.00K | $222.10K | $4.09M | $1.18M |
| Operating Cash Flow | $-36.40M | $-116.88M | $-72.06M | $-35.85M | $-27.77M | $-55.70M | $-35.14M |
| Capital Expenditure | $53.00K | $196.00K | $99.00K | $60.00K | $45.27K | $204.73K | $153.95K |
| Purchases of Investments | - | $396.34M | $106.52M | $42.49M | $189.61M | $515.56M | $362.77M |
| Investing Cash Flow | $103.41M | $-167.49M | $90.12M | $24.26M | $37.56M | $-100.63M | $-102.53M |
| Financing Cash Flow | $24.44M | $336.11M | $5.79M | $5.55M | $122.92K | $138.27M | $137.46M |
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-Q filings.
Quarterly data represents single quarter results (Q1-Q4). Some items may show year-to-date values if quarterly breakdown is unavailable.