$2.31B
Revenue
$-208.16M
Net Income
27.13%
Gross Margin
-13.44%
Op. Margin
$166.06M
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) |
|---|---|---|---|---|---|---|---|
| Total Revenue | $665.50M | $592.18M | $546.60M | $501.83M | $476.06M | $439.76M | $413.35M |
| Revenue Growth % (YoY) | 39.8% | 34.7% | 32.2% | nan% | nan% | nan% | nan% |
| Cost of Revenue | $494.84M | $415.60M | $399.99M | $370.13M | $893.68M | $168.01M | $170.18M |
| Gross Profit | $170.66M | $176.58M | $146.61M | $131.70M | $-417.62M | $271.75M | $243.17M |
| Gross Margin % | 25.6% | 29.8% | 26.8% | 26.2% | -87.7% | 61.8% | 58.8% |
| Operating Expenses | $688.28M | $689.76M | $656.97M | $581.01M | $540.80M | $479.10M | $457.25M |
| Research & Development | $175.19M | $173.41M | $146.43M | $129.08M | $129.46M | $96.93M | $89.11M |
| Selling General & Admin | $291.30M | $308.55M | $310.55M | $266.86M | $234.92M | $214.15M | $197.97M |
| Operating Income | $-22.79M | $-97.58M | $-110.37M | $-79.18M | $-64.74M | $-39.34M | $-43.90M |
| Operating Margin % | -3.4% | -16.5% | -20.2% | -15.8% | -13.6% | -8.9% | -10.6% |
| Interest Expense | $991.00K | $1.04M | $1.03M | $1.00M | $1.29M | $3.14M | $3.13M |
| Income Before Tax | $-13.33M | $-87.34M | $-100.66M | $-66.76M | $-55.13M | $-30.86M | $-36.57M |
| Income Tax Expense | $-60.58M | $207.00K | $275.00K | $173.00K | $-1.35M | $730.00K | $892.00K |
| Net Income | $47.26M | $-87.54M | $-100.94M | $-66.94M | $-53.77M | $-31.59M | $-37.46M |
| Net Margin % | 7.1% | -14.8% | -18.5% | -13.3% | -11.3% | -7.2% | -9.1% |
| Basic EPS | 0.36 | -0.64 | -0.74 | -0.50 | -0.41 | -0.26 | -0.30 |
| Diluted EPS | 0.36 | -0.64 | -0.74 | -0.50 | -0.41 | -0.26 | -0.30 |
| Basic Shares Outstanding | - | 137.2M | 136.4M | 134.8M | 2.2M | 123.8M | 122.9M |
| Diluted Shares Outstanding | - | 137.2M | 136.4M | 134.8M | 2.2M | 123.8M | 122.9M |
| 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) |
|---|---|---|---|---|---|---|---|
| Short-term Investments | - | $1.00M | $15.97M | $17.83M | $22.69M | $29.49M | $90.30M |
| Accounts Receivable | $296.53M | $286.38M | $309.22M | $318.23M | $314.17M | $306.88M | $335.94M |
| Inventory | $68.44M | $64.64M | $54.27M | $50.37M | $44.74M | $48.72M | $40.98M |
| Other Current Assets | $55.83M | $53.86M | $52.10M | $56.19M | $48.63M | $44.63M | $37.80M |
| Total Current Assets | $1.50B | $1.45B | $1.43B | $1.42B | $1.38B | $1.32B | $1.30B |
| Property Plant & Equipment | $241.18M | $206.50M | $189.22M | $180.45M | $162.05M | $142.17M | $133.28M |
| Goodwill | $141.07M | - | - | - | - | - | - |
| Intangible Assets | $373.71M | - | - | - | $10.93M | - | - |
| Other Non-current Assets | $36.90M | $70.67M | $41.12M | $40.90M | $25.79M | $38.36M | $29.31M |
| Total Assets | $2.40B | $1.82B | $1.76B | $1.73B | $1.66B | $1.59B | $1.52B |
| Accounts Payable | $33.16M | $46.50M | $36.88M | $39.24M | $34.92M | $27.83M | $33.10M |
| Short-term Debt | $80.32M | $80.34M | $80.34M | $80.34M | $80.36M | $80.47M | $80.39M |
| Deferred Revenue | $24.91M | $21.79M | $21.56M | $20.56M | $19.75M | $17.89M | $18.37M |
| Other Current Liabilities | $188.66M | $215.95M | $191.03M | $178.45M | $146.89M | $126.18M | $141.23M |
| Total Current Liabilities | $441.23M | $442.02M | $384.84M | $365.68M | $344.05M | $301.42M | $314.57M |
| Other Non-current Liabilities | $11.69M | - | - | - | $7.84M | - | - |
| Total Liabilities | $685.93M | $569.29M | $510.88M | $492.69M | $465.31M | $712.42M | $680.47M |
| Common Stock | $14.00K | $14.00K | $14.00K | $14.00K | $12.00K | $12.00K | $12.00K |
| Retained Earnings | $-2.78B | $-2.82B | $-2.74B | $-2.63B | $-2.57B | $-2.51B | $-2.48B |
| Total Stockholders Equity | $1.71B | $1.25B | $1.25B | $1.24B | $1.20B | $878.52M | $836.52M |
| Total Liabilities & Equity | $2.40B | $1.82B | $1.76B | $1.73B | $1.66B | $1.59B | $1.52B |
| 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 | $47.26M | $-87.54M | $-167.87M | $-66.94M | $-53.77M | $-136.66M | $-105.06M |
| Depreciation & Amortization | $12.38M | $29.39M | $19.10M | $9.24M | $7.79M | $23.18M | $14.98M |
| Stock-based Compensation | $92.58M | $261.82M | $171.19M | $77.83M | $71.93M | $202.50M | $131.86M |
| Change in Receivables | $7.03M | $-27.79M | $-4.94M | $4.07M | $7.29M | $28.59M | $57.65M |
| Change in Inventory | $971.00K | $19.90M | $9.53M | $5.62M | $-3.98M | $7.96M | $225.00K |
| Change in Payables | $-11.59M | $12.35M | $6.98M | $2.38M | $2.37M | $10.84M | $16.67M |
| Operating Cash Flow | $73.89M | $141.41M | $82.03M | $44.45M | $52.89M | $82.78M | $30.99M |
| Capital Expenditure | $36.07M | $70.12M | $47.71M | $21.82M | $18.12M | $48.30M | $31.99M |
| Sales of Investments | $1.00M | $22.00M | $7.00M | $5.00M | $7.00M | $307.40M | $221.50M |
| Investing Cash Flow | $-71.59M | $-60.62M | $-40.71M | $-16.82M | $-11.12M | $148.74M | $106.20M |
| Financing Cash Flow | $32.41M | $15.05M | $13.12M | $544.00K | $10.97M | $19.23M | $17.51M |
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-Q filings.
Quarterly data represents single quarter results (Q1-Q4). Some items may show year-to-date values if quarterly breakdown is unavailable.