$2.31B
Revenue
$-208.16M
Net Income
27.13%
Gross Margin
-13.44%
Op. Margin
$166.06M
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) |
FY 2016 (Dec 31, 2016) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | $2.31B | $2.31B | $1.70B | $1.08B | $820.22M | $625.49M | $391.00M | $302.33M | $257.65M | $210.94M | $217.07M |
| Revenue Growth % | -0.0% | 35.9% | 56.7% | 32.0% | 31.1% | 60.0% | 29.3% | 17.3% | 22.1% | -2.8% | nan% |
| Cost of Revenue | $1.68B | $1.68B | $1.39B | $1.22B | $492.26M | $340.42M | $216.92M | $188.77M | $158.08M | $135.51M | $134.49M |
| Gross Profit | $625.54M | $625.55M | $305.90M | $-139.29M | $327.97M | $285.07M | $174.09M | $113.56M | $99.57M | $75.43M | $82.58M |
| Gross Margin % | 27.1% | 27.1% | 18.0% | -12.9% | 40.0% | 45.6% | 44.5% | 37.6% | 38.6% | 35.8% | 38.0% |
| Operating Expenses | $2.62B | $2.62B | $1.92B | $1.53B | $1.36B | $1.09B | $607.28M | $418.62M | $372.28M | $344.97M | $313.56M |
| Research & Development | $624.11M | $624.11M | $404.14M | $320.68M | $316.42M | $264.21M | $100.03M | $51.36M | $51.35M | $50.06M | $41.86M |
| Selling General & Admin | $1.18B | $1.18B | $841.31M | $618.31M | $588.59M | $511.03M | $303.63M | $206.18M | $154.87M | $155.31M | $136.13M |
| Operating Income | $-309.91M | $-309.91M | $-222.29M | $-446.25M | $-541.04M | $-468.17M | $-216.28M | $-116.29M | $-114.63M | $-134.03M | $-96.49M |
| Operating Margin % | -13.4% | -13.4% | -13.1% | -41.2% | -66.0% | -74.8% | -55.3% | -38.5% | -44.5% | -63.5% | -44.4% |
| Interest Expense | $4.07M | $4.07M | $10.69M | $12.64M | $9.32M | $8.30M | $15.08M | $10.69M | $10.48M | $4.21M | $533.00K |
| Income Before Tax | $-268.09M | $-268.09M | $-189.73M | $-434.53M | $-546.82M | $-471.10M | $-229.65M | $-122.83M | $-127.83M | $-135.86M | $-95.62M |
| Income Tax Expense | $-59.93M | $-59.93M | $695.00K | $271.00K | $978.00K | $618.00K | $98.00K | $2.00M | $321.00K | $454.00K | $142.00K |
| Net Income | $-208.16M | $-208.16M | $-190.43M | $-434.80M | $-547.80M | $-471.72M | $-229.74M | $-124.83M | $-128.15M | $-136.31M | $-95.77M |
| Net Margin % | -9.0% | -9.0% | -11.2% | -40.2% | -66.8% | -75.4% | -58.8% | -41.3% | -49.7% | -64.6% | -44.1% |
| Basic EPS | -1.52 | -1.52 | -1.53 | -3.78 | -5.57 | -5.21 | -2.84 | -1.79 | -2.22 | -2.56 | -1.86 |
| Diluted EPS | -1.52 | -1.52 | -1.53 | -3.78 | -5.57 | -5.21 | -2.84 | -1.79 | -2.22 | -2.56 | -1.86 |
| Basic Shares Outstanding | - | 136.7M | 124.7M | 115.0M | 98.4M | 90.6M | 81.0M | 69.6M | 57.8M | 53.3M | 51.6M |
| Diluted Shares Outstanding | - | 136.7M | 124.7M | 115.0M | 98.4M | 90.6M | 81.0M | 69.6M | 57.8M | 53.6M | 51.6M |
| 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) |
FY 2016 (Dec 31, 2016) |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Cash Equivalents | - | - | - | $466.00M | $84.39M | $48.67M | $61.93M | $46.41M | $12.62M | $15.26M |
| Short-term Investments | - | $22.69M | $236.88M | $432.30M | $829.90M | $688.61M | $379.06M | $107.46M | - | - |
| Accounts Receivable | $296.53M | $314.17M | $278.29M | $244.38M | $122.07M | $78.56M | $53.35M | $62.22M | $8.25M | $13.40M |
| Inventory | $68.44M | $44.74M | $40.76M | $35.41M | $26.91M | $20.03M | $12.39M | $13.63M | $9.00M | $6.41M |
| Other Current Assets | $55.83M | $48.63M | $60.52M | $33.63M | $29.64M | $26.61M | $16.38M | $6.20M | $8.61M | $7.10M |
| Total Current Assets | $1.50B | $1.38B | $1.26B | $1.21B | $1.09B | $862.66M | $523.17M | $240.52M | $144.79M | $174.12M |
| Property Plant & Equipment | $241.18M | $162.05M | $111.21M | $92.45M | $65.52M | $33.35M | $23.28M | $24.34M | $29.67M | $32.29M |
| Goodwill | $141.07M | - | - | - | - | - | - | - | - | - |
| Intangible Assets | $373.71M | $10.93M | - | - | - | - | - | - | - | - |
| Other Non-current Assets | $36.90M | $25.79M | $15.40M | $18.33M | $18.82M | $14.74M | $12.48M | $3.32M | $3.98M | $3.93M |
| Total Assets | $2.40B | $1.66B | $1.44B | $1.39B | $1.24B | $932.15M | $582.66M | $268.17M | $178.78M | $210.68M |
| Accounts Payable | $33.16M | $34.92M | $15.00M | $31.15M | $27.21M | $8.10M | $8.60M | $14.59M | $8.53M | $11.48M |
| Short-term Debt | $80.32M | $80.36M | $80.40M | $80.35M | $50.05M | $50.05M | $50.12M | $50.15M | $50.11M | $49.62M |
| Accrued Liabilities | - | - | - | - | - | $60.41M | $49.04M | $32.44M | $33.21M | $19.88M |
| Deferred Revenue | $24.91M | $19.75M | $16.61M | $10.78M | $7.40M | $50.12M | $56.02M | $4.13M | $1.42M | $574.00K |
| Other Current Liabilities | $188.66M | $146.89M | $149.41M | $144.21M | $93.35M | $60.41M | - | - | - | - |
| Total Current Liabilities | $441.23M | $344.05M | $307.27M | $310.50M | $218.96M | $199.05M | $179.87M | $113.98M | $105.51M | $96.42M |
| Other Non-current Liabilities | $11.69M | $7.84M | - | - | $1.48M | $320.00K | $310.00K | - | $1.33M | - |
| Total Liabilities | $685.93M | $465.31M | $676.37M | $688.73M | $583.18M | $445.92M | $303.94M | $236.01M | $189.15M | $104.20M |
| Common Stock | $14.00K | $12.00K | $11.00K | $11.00K | $10.00K | $9.00K | $8.00K | $7.00K | $6.00K | $5.00K |
| Retained Earnings | $-2.78B | $-2.57B | $-2.38B | $-1.94B | $-1.39B | $-929.32M | $-699.17M | $-574.53M | $-482.16M | $-345.85M |
| Total Stockholders Equity | $1.71B | $1.20B | $765.33M | $705.74M | $653.30M | $486.24M | $278.71M | $32.16M | $-10.37M | $106.48M |
| Total Liabilities & Equity | $2.40B | $1.66B | $1.44B | $1.39B | $1.24B | $932.15M | $582.66M | $268.17M | $178.78M | $210.68M |
| 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) |
FY 2016 (Dec 31, 2016) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $-275.10M | $-208.16M | $-190.43M | $-434.80M | $-547.80M | $-471.72M | $-229.74M | $-124.83M | $-128.15M | $-136.31M | $-95.77M |
| Depreciation & Amortization | $70.10M | $41.76M | $30.97M | $24.10M | $16.70M | $11.25M | $8.61M | $7.73M | $7.50M | $7.14M | $6.18M |
| Stock-based Compensation | $603.42M | $354.40M | $274.43M | $191.81M | $152.38M | $115.22M | $50.17M | $28.62M | $14.20M | $11.40M | $10.60M |
| Change in Receivables | $-21.62M | $-20.75M | $35.88M | $33.90M | $124.08M | $43.35M | $25.83M | $-2.42M | $18.09M | $-5.00M | $8.52M |
| Change in Inventory | $36.02M | $20.87M | $3.98M | $5.35M | $8.26M | $7.51M | $7.47M | $-917.00K | $4.90M | $3.09M | $431.00K |
| Change in Payables | $10.11M | $753.00K | $13.21M | $-15.46M | $5.46M | $19.22M | $-118.00K | $-6.26M | $3.78M | $217.00K | $1.26M |
| Operating Cash Flow | $341.78M | $215.30M | $135.66M | $-246.96M | $-431.50M | $-335.24M | $-182.51M | $-63.44M | $-70.58M | $-96.79M | $-73.90M |
| Capital Expenditure | $175.72M | $106.19M | $66.42M | $39.20M | $47.70M | $41.03M | $19.60M | $4.97M | $3.88M | $9.87M | $23.14M |
| Acquisitions | - | $16.02M | - | - | - | $8.56M | - | - | - | - | - |
| Sales of Investments | $35.00M | $23.00M | $314.40M | $306.00M | $216.50M | $532.91M | $343.31M | $173.90M | $131.60M | $231.20M | $64.50M |
| Investing Cash Flow | $-189.74M | $-132.21M | $137.62M | $168.50M | $330.34M | $-205.19M | $-331.46M | $-266.35M | $-5.16M | $13.78M | $47.03M |
| Financing Cash Flow | $61.12M | $47.46M | $30.20M | $254.46M | $482.64M | $576.19M | $500.85M | $340.77M | $113.72M | $80.37M | $13.18M |
| Net Change in Cash | - | - | - | - | - | - | - | - | - | $-2.64M | $-13.69M |
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 | |
| Total Revenue | $592.18M | $439.76M | $1.64B | $1.22B |
| Operating Expenses | $689.76M | $479.10M | $1.93B | $1.38B |
| Research & Development | $173.41M | $96.93M | $448.92M | $274.68M |
| Selling General & Admin | $308.55M | $214.15M | $885.96M | $606.40M |
| Operating Income | $-97.58M | $-39.34M | $-287.13M | $-157.55M |
| Interest Expense | $1.04M | $3.14M | $3.08M | $9.39M |
| Income Before Tax | $-87.34M | $-30.86M | $-254.76M | $-134.60M |
| Income Tax Expense | $207.00K | $730.00K | $655.00K | $2.05M |
| Net Income | $-87.54M | $-31.59M | $-255.42M | $-136.66M |
| Basic EPS | -0.64 | -0.26 | -1.88 | -1.12 |
| Diluted EPS | -0.64 | -0.26 | -1.88 | -1.12 |
| Basic Shares Outstanding | $137.19M | $123.78M | $136.18M | $122.49M |
| Diluted Shares Outstanding | $137.19M | $123.78M | $136.18M | $122.49M |
Condensed Consolidated Balance Sheets
| Description | Sep 30, 2025 | Dec 31, 2024 |
|---|---|---|
| Short-term Investments | $1.00M | $22.69M |
| Accounts Receivable | $286.38M | $314.17M |
| Inventory | $64.64M | $44.74M |
| Other Current Assets | $53.86M | $48.63M |
| Total Current Assets | $1.45B | $1.38B |
| Property Plant & Equipment | $206.50M | $162.05M |
| Other Non-current Assets | $70.67M | $36.72M |
| Total Assets | $1.82B | $1.66B |
| Accounts Payable | $46.50M | $34.92M |
| Short-term Debt | $80.34M | $80.36M |
| Deferred Revenue | $21.79M | $19.75M |
| Other Current Liabilities | $215.95M | $146.89M |
| Total Current Liabilities | $442.02M | $344.05M |
| Total Liabilities | $569.29M | $465.31M |
| Common Stock | $14.00K | $12.00K |
| Retained Earnings | $-2.82B | $-2.57B |
| Total Stockholders Equity | $1.25B | $1.20B |
| Total Liabilities & Equity | $1.82B | $1.66B |
Condensed Consolidated Statements of Cash Flows
| Description | Sep 30, 2025 | Sep 30, 2025 | ||
|---|---|---|---|---|
| Current | Prior Year | Current YTD | Prior Year YTD | |
| Net Income | $-87.54M | $-31.59M | $-255.42M | $-136.66M |
| Depreciation & Amortization | - | - | $29.39M | $23.18M |
| Stock-based Compensation | - | - | $261.82M | $202.50M |
| Change in Receivables | - | - | $-27.79M | $28.59M |
| Change in Inventory | - | - | $19.90M | $7.96M |
| Change in Payables | - | - | $12.35M | $10.84M |
| Operating Cash Flow | - | - | $141.41M | $82.78M |
| Capital Expenditure | - | - | $70.12M | $48.30M |
| Sales of Investments | - | - | $22.00M | $307.40M |
| Investing Cash Flow | - | - | $-60.62M | $148.74M |
| Financing Cash Flow | - | - | $15.05M | $19.23M |
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.