-
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) |
Q1 2024 (Mar 31, 2024) |
Q4 2023 (Dec 31, 2023) |
Q3 2023 (Sep 30, 2023) |
Q2 2023 (Jun 30, 2023) |
Q1 2023 (Mar 31, 2023) |
Q4 2022 (Dec 31, 2022) |
Q3 2022 (Sep 30, 2022) |
Q2 2022 (Jun 30, 2022) |
Q1 2022 (Mar 31, 2022) |
Q4 2021 (Dec 31, 2021) |
Q3 2021 (Sep 30, 2021) |
Q2 2021 (Jun 30, 2021) |
Q1 2020 (Mar 31, 2021) |
Q4 2020 (Dec 31, 2020) |
Q3 2020 (Sep 30, 2020) |
Q4 2019 (Dec 31, 2019) |
Q3 2019 (Sep 30, 2019) |
Q2 2019 (Jun 30, 2019) |
Q1 2019 (Mar 31, 2019) |
Q4 2018 (Dec 31, 2018) |
Q3 2018 (Sep 30, 2018) |
Q2 2018 (Jun 30, 2018) |
Q1 2018 (Mar 31, 2018) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Expenses | $49.20M | $42.85M | $44.01M | $36.13M | $36.43M | $30.06M | $24.28M | $22.49M | $19.73M | $18.90M | $15.06M | $12.55M | $11.64M | $10.64M | $9.60M | $7.51M | $6.32M | $5.60M | $13.64M | $2.31M | $2.55M | $2.48M | $1.90M | $2.09M | $1.84M | $1.97M | $1.95M | $1.98M | $1.93M | $2.08M |
| Research & Development | $37.63M | $34.91M | $40.22M | $32.23M | $33.47M | $27.59M | $22.50M | $20.65M | $18.08M | $17.49M | $13.75M | $11.28M | $10.60M | $9.62M | $8.37M | $6.70M | $5.49M | $4.96M | $13.07M | $1.85M | $2.11M | $1.96M | $1.50M | $1.71M | $1.47M | $1.59M | $1.63M | $1.60M | $1.55M | $1.55M |
| Operating Income | $-49.20M | $-42.85M | $-44.01M | $-36.13M | $-36.43M | $-30.06M | $-24.28M | $-22.49M | $-19.73M | $-18.90M | $-15.06M | $-12.55M | $-11.64M | $-10.64M | $-9.60M | $-7.51M | $-6.32M | $-5.60M | $-13.64M | $-2.31M | $-2.55M | $-2.48M | $-1.90M | $-2.09M | $-1.84M | $-1.97M | $-1.95M | $-1.98M | $-1.93M | $-2.08M |
| Interest Expense | $3.42M | $7.42M | $4.80M | $2.38M | $5.19M | $3.34M | $2.26M | $1.40M | $1.40M | $1.37M | $1.31M | $1.24M | $678.00K | $537.66K | $455.44K | $435.00K | $438.07K | $433.07K | $391.19K | $33.00 | $27.00 | $28.00 | $36.00 | $39.00 | $41.00 | $43.00 | $46.00 | $65.00 | - | - |
| Interest Income | $4.39M | $3.64M | $1.95M | $2.32M | $3.05M | $3.61M | $2.82M | $2.28M | $2.28M | $1.87M | $1.78M | $1.85M | $735.86K | $287.50K | $95.65K | $8.16K | $5.46K | $5.61K | $1.80K | $63.85K | $470.00 | $5.80K | $88.78K | $107.10K | $121.58K | $128.64K | $122.95K | $104.80K | $112.72K | $108.36K |
| Other Income/Expense | $-1.77M | $-955.00K | $-1.26M | $-864.00K | $-223.00K | $268.11K | $561.27K | $881.38K | $880.80K | $493.50K | $467.80K | $609.12K | $57.86K | $-250.17K | $-359.80K | $-426.84K | $-432.61K | $-427.46K | $-389.38K | $63.82K | $443.00 | $5.78K | $88.74K | $107.06K | $121.54K | $128.59K | $125.91K | $104.73K | $112.72K | - |
| Income Before Tax | $-50.97M | $-43.80M | $-45.27M | $-37.00M | $-36.65M | $-29.79M | $-23.72M | $-21.61M | $-18.85M | $-18.40M | $-14.59M | $-11.94M | $-11.58M | $-10.89M | $-9.96M | $-7.93M | $-6.75M | $-6.03M | $-14.03M | $-2.25M | $-2.55M | $-2.47M | $-1.81M | $-1.98M | $-1.72M | $-1.85M | $-1.83M | $-1.87M | $-1.82M | $-1.97M |
| Income Tax Expense | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Net Income | $-50.97M | $-43.80M | $-45.27M | $-37.00M | $-36.65M | $-29.79M | $-23.72M | $-21.61M | $-18.85M | $-18.40M | $-14.59M | $-11.94M | $-11.58M | $-10.89M | $-9.96M | $-7.93M | $-6.75M | $-6.03M | $-14.03M | $-2.25M | $-2.55M | $-2.47M | $-1.81M | $-1.98M | $-1.72M | $-1.85M | $-1.83M | $-1.87M | $-1.82M | $-1.97M |
| Basic EPS | -0.98 | -0.92 | -1.04 | -0.86 | -0.87 | -0.70 | -0.62 | -0.64 | -0.64 | -0.83 | -0.66 | -0.55 | -0.69 | -0.75 | -0.67 | -0.53 | -0.43 | nan | nan | nan | nan | nan | nan | nan | nan | nan | nan | nan | nan | nan |
| Diluted EPS | -0.98 | -0.92 | -1.04 | -0.86 | -0.87 | -0.70 | -0.62 | -0.64 | -0.64 | -0.83 | -0.66 | nan | -0.69 | nan | nan | nan | nan | nan | nan | nan | nan | nan | nan | nan | nan | nan | nan | nan | nan | nan |
| Basic Shares Outstanding | - | 47.6M | 43.7M | 43.1M | 1.1M | 42.8M | 38.4M | 33.6M | 1.8M | 22.1M | 22.0M | 21.7M | 490K | 14.9M | 14.9M | 14.9M | 515K | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Diluted Shares Outstanding | - | 47.6M | 43.7M | 43.1M | 1.1M | 42.8M | 38.4M | 33.6M | 1.8M | 22.1M | 22.0M | - | 490K | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| 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) |
Q1 2024 (Mar 31, 2024) |
Q4 2023 (Dec 31, 2023) |
Q3 2023 (Sep 30, 2023) |
Q2 2023 (Jun 30, 2023) |
Q1 2023 (Mar 31, 2023) |
Q4 2022 (Dec 31, 2022) |
Q3 2022 (Sep 30, 2022) |
Q2 2022 (Jun 30, 2022) |
Q1 2022 (Mar 31, 2022) |
Q4 2021 (Dec 31, 2021) |
Q3 2021 (Sep 30, 2021) |
Q2 2021 (Jun 30, 2021) |
Q1 2020 (Mar 31, 2021) |
Q4 2020 (Dec 31, 2020) |
Q3 2020 (Sep 30, 2020) |
Q4 2019 (Dec 31, 2019) |
Q3 2019 (Sep 30, 2019) |
Q2 2019 (Jun 30, 2019) |
Q1 2019 (Mar 31, 2019) |
Q4 2018 (Dec 31, 2018) |
Q3 2018 (Sep 30, 2018) |
Q2 2018 (Jun 30, 2018) |
Q1 2018 (Mar 31, 2018) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Cash Equivalents | $165.70M | $74.25M | $46.35M | $16.48M | $22.52M | $12.60M | $30.46M | $31.21M | $30.66M | $25.76M | $32.24M | $33.64M | $24.57M | $57.48M | $66.91M | $78.30M | $84.29M | $90.37M | $41.64M | $16.85M | $11.64M | $13.70M | $18.74M | $16.27M | $14.92M | $14.72M | $15.94M | $3.81M | $3.17M | $2.57M |
| Short-term Investments | $275.79M | $380.73M | $122.03M | $189.21M | $212.59M | $251.46M | $252.61M | $146.45M | $149.92M | $108.18M | $114.01M | $123.84M | $144.02M | - | - | - | - | - | - | - | - | - | - | $4.18M | $7.20M | $8.70M | $8.95M | $18.95M | $18.39M | $20.43M |
| Other Current Assets | $5.27M | $20.52M | $14.72M | $11.91M | $2.70M | $8.38M | $8.86M | $9.86M | $10.01M | - | - | - | $6.60M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Total Current Assets | $465.66M | $475.50M | $183.10M | $217.60M | $244.57M | $272.44M | $291.93M | $187.52M | $190.59M | $141.71M | $152.81M | $164.10M | $175.19M | $64.69M | $71.96M | $79.44M | $85.35M | $91.18M | $42.25M | $17.44M | $12.17M | $14.01M | $19.25M | $20.61M | $22.35M | $23.76M | $25.22M | $23.16M | $21.79M | $23.33M |
| Property Plant & Equipment | $499.00K | $417.00K | $357.00K | $358.00K | $336.00K | $338.79K | $308.44K | $306.02K | $228.78K | $223.38K | $210.86K | $223.34K | $260.29K | $302.00K | $238.63K | $291.08K | $312.44K | $365.53K | $415.08K | $795.68K | $558.88K | $626.27K | $833.46K | $897.11K | $816.05K | $862.18K | $813.61K | $814.05K | $730.45K | $443.58K |
| Long-term Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $3.92M | $6.95M | $6.95M |
| Other Non-current Assets | $349.00K | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Total Assets | $466.56M | $476.00M | $183.59M | $218.13M | $245.12M | $273.04M | $292.54M | $188.18M | $191.22M | $142.38M | $153.52M | $164.87M | $175.70M | $65.29M | $72.35M | $79.93M | $85.91M | $91.84M | $42.81M | $18.39M | $12.96M | $14.91M | $20.28M | $21.74M | $23.44M | $24.94M | $26.03M | $27.89M | $29.47M | $30.73M |
| Accounts Payable | $6.41M | $11.42M | $11.16M | $9.93M | $9.37M | $9.16M | $6.20M | $5.28M | $5.08M | $5.63M | $3.02M | $2.57M | $2.63M | $3.17M | $2.30M | $2.14M | $1.51M | $1.75M | $647.17K | $68.10K | $217.38K | $83.13K | $142.77K | $198.18K | $141.22K | $208.92K | $119.81K | $177.69K | $149.40K | $130.04K |
| Accrued Liabilities | - | $27.28M | $28.64M | $22.82M | $22.18M | $16.97M | $13.15M | $11.24M | $8.93M | $6.89M | $3.87M | $3.04M | $4.06M | $3.28M | $1.68M | $1.22M | $802.89K | $879.85K | $729.67K | $614.46K | $774.61K | $756.87K | $584.32K | $543.49K | $557.19K | $485.19K | $536.79K | $777.20K | $807.78K | $652.99K |
| Other Current Liabilities | $20.86M | - | - | - | $5.48M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Total Current Liabilities | $44.15M | $38.79M | $39.94M | $32.92M | $31.72M | $26.31M | $19.53M | $16.70M | $14.19M | $12.71M | $7.08M | $5.81M | $6.88M | $6.65M | $4.15M | $3.55M | $2.51M | $2.82M | $1.54M | $864.95K | $1.19M | $1.04M | $911.33K | $912.09K | $885.49K | $882.15K | $662.33K | $960.61K | $962.89K | $783.03K |
| Long-term Debt | $137.55M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Total Liabilities | $366.00M | $359.04M | $139.22M | $131.46M | $129.50M | $123.33M | $115.86M | $54.44M | $51.45M | $49.49M | $43.38M | $41.65M | $41.93M | $21.77M | $19.16M | $18.39M | $17.20M | $17.36M | $15.77M | $877.61K | $1.25M | $1.15M | $983.23K | $1.03M | $1.05M | $1.08M | $682.21K | $981.92K | $986.12K | $783.03K |
| Common Stock | $48.00K | $43.00K | $39.00K | $38.00K | $37.00K | $37.12K | $37.02K | $30.77K | $25.51K | $22.37K | $22.08K | $21.94K | $21.67K | $14.94K | $14.94K | $14.92K | $14.92K | $14.91K | $12.65K | $10.25K | $10.30K | $10.29K | $10.25K | $10.25K | $10.22K | $10.21K | $10.19K | $10.15K | $10.12K | $10.11K |
| Retained Earnings | $-448.90M | $-397.92M | $-354.12M | $-308.85M | $-271.86M | $-235.20M | $-205.41M | $-181.69M | $-160.08M | $-141.23M | $-122.82M | $-108.24M | $-96.30M | $-84.72M | $-73.82M | $-63.86M | $-55.93M | $-49.17M | $-43.15M | $-19.09M | $-26.32M | $-23.77M | $-16.85M | $-15.04M | $-13.05M | $-11.33M | $-9.49M | $-7.66M | $-5.79M | $-3.98M |
| Total Stockholders Equity | $100.56M | $116.96M | $44.38M | $86.67M | $115.62M | $149.71M | $176.68M | $133.74M | $139.77M | $92.90M | $110.13M | $123.23M | $133.77M | $43.53M | $53.19M | $61.54M | $68.71M | $74.47M | $27.03M | $17.52M | $11.70M | $13.76M | $19.30M | $20.71M | $22.39M | $23.86M | $25.35M | $26.91M | $28.48M | $29.94M |
| Total Liabilities & Equity | $466.56M | $476.00M | $183.59M | $218.13M | $245.12M | $273.04M | $292.54M | $188.18M | $191.22M | $142.38M | $153.52M | $164.87M | $175.70M | $65.29M | $72.35M | $79.93M | $85.91M | $91.84M | $42.81M | $18.39M | $12.96M | $14.91M | $20.28M | $21.74M | $23.44M | $24.94M | $26.03M | $27.89M | $29.47M | $30.73M |
| 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) |
Q1 2024 (Mar 31, 2024) |
Q4 2023 (Dec 31, 2023) |
Q3 2023 (Sep 30, 2023) |
Q2 2023 (Jun 30, 2023) |
Q1 2023 (Mar 31, 2023) |
Q4 2022 (Dec 31, 2022) |
Q3 2022 (Sep 30, 2022) |
Q2 2022 (Jun 30, 2022) |
Q1 2022 (Mar 31, 2022) |
Q4 2021 (Dec 31, 2021) |
Q3 2021 (Sep 30, 2021) |
Q2 2021 (Jun 30, 2021) |
Q1 2020 (Mar 31, 2021) |
Q4 2020 (Dec 31, 2020) |
Q3 2020 (Sep 30, 2020) |
Q4 2019 (Dec 31, 2019) |
Q3 2019 (Sep 30, 2019) |
Q2 2019 (Jun 30, 2019) |
Q1 2019 (Mar 31, 2019) |
Q4 2018 (Dec 31, 2018) |
Q3 2018 (Sep 30, 2018) |
Q2 2018 (Jun 30, 2018) |
Q1 2018 (Mar 31, 2018) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $-50.97M | $-43.80M | $-45.27M | $-37.00M | $-36.65M | $-75.13M | $-23.72M | $-21.61M | $-18.85M | $-44.93M | $-26.53M | $-11.94M | $-11.58M | $-10.89M | $-17.89M | $-7.93M | $-6.75M | $-6.03M | $-16.82M | $-2.25M | $-2.55M | $-6.92M | $-1.81M | $-1.98M | $-3.57M | $-1.85M | $-1.83M | $-5.66M | $-3.78M | $-1.97M |
| Stock-based Compensation | $9.46M | $6.78M | $2.70M | $2.44M | $2.31M | $1.93M | $2.74M | $1.33M | $1.24M | $1.11M | $2.55M | $1.27M | $1.14M | $3.50M | $1.52M | $756.27K | $920.60K | $699.92K | $989.41K | $464.65K | $427.09K | $448.95K | $360.86K | $680.13K | $376.89K | $184.65K | $255.58K | $913.04K | $612.76K | $336.48K |
| Change in Payables | $-4.83M | $1.78M | $1.84M | $613.00K | $222.10K | $4.09M | $1.18M | $237.99K | $-601.31K | $3.03M | $421.09K | $-8.54K | $-476.10K | $1.55M | $705.14K | $513.09K | $-247.45K | $1.55M | $438.02K | $-92.20K | $117.63K | $-64.66K | $-57.36K | $102.98K | $44.76K | $13.31K | $33.99K | $-8.56K | $12.60K | $58.13K |
| Operating Cash Flow | $-36.40M | $-116.88M | $-72.06M | $-35.85M | $-27.77M | $-55.70M | $-35.14M | $-17.07M | $-18.54M | $-35.28M | $-22.53M | $-12.87M | $-9.48M | $-26.53M | $-17.22M | $-5.93M | $-6.12M | $-14.19M | $-10.14M | $-1.83M | $-2.11M | $-5.04M | $-1.70M | $-4.29M | $-2.82M | $-1.59M | $-1.52M | $-4.56M | $-2.78M | $-1.45M |
| Capital Expenditure | $53.00K | $196.00K | $99.00K | $60.00K | $45.27K | $204.73K | $153.95K | $89.68K | $32.70K | $64.94K | $11.84K | $6.99K | $112.04K | $46.72K | $34.62K | $11.63K | $9.94K | $71.96K | $57.90K | $45.60K | $13.88K | - | $27.71K | $352.49K | $183.83K | $47.64K | $147.18K | $482.43K | $372.28K | $204.26K |
| Purchases of Investments | - | $396.34M | $106.52M | $42.49M | $189.61M | $515.56M | $362.77M | $121.44M | $129.75M | $184.78M | $113.90M | $3.13M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $3.23M | $3.23M | $735.00K |
| Investing Cash Flow | $103.41M | $-167.49M | $90.12M | $24.26M | $37.56M | $-100.63M | $-102.53M | $3.54M | $-41.22M | $36.21M | $29.96M | $21.87M | $-143.99M | $-46.72K | $-34.62K | $-11.63K | $-9.94K | $-71.46K | $-57.40K | $-45.60K | $-13.88K | $-75.49K | $4.14M | $4.39M | $1.56M | $197.36K | $13.67M | $5.43M | $3.05M | $1.20M |
| Financing Cash Flow | $24.44M | $336.11M | $5.79M | $5.55M | $122.92K | $138.27M | $137.46M | $14.08M | $64.66M | $254.74K | $239.50K | $67.95K | $120.55M | $-226.97K | $-118.80K | $-46.29K | $53.51K | $92.99M | $40.20M | $-1.44K | $62.65K | $75.32K | $31.88K | $227.43K | $228.86K | $172.23K | $-10.77K | $247.46K | $263.56K | $183.76K |
| Net Change in Cash | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $30.00M | $23.30M | $-2.06M | $-5.04M | $2.47M | - | - | - | - | - | - | - |
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.