$260.21M
Revenue
$-12.78M
Net Income
65.69%
Gross Margin
-4.60%
Op. Margin
$16.93M
Free Cash Flow
| Breakdown | Q4 2025 (Dec 31, 2025) |
Q3 2025 (Sep 30, 2025) |
Q2 2025 (Jun 30, 2025) |
|---|---|---|---|
| Total Revenue | $75.85M | $68.03M | $61.37M |
| Revenue Growth % (YoY) | nan% | nan% | nan% |
| Cost of Revenue | $22.18M | $22.96M | $21.07M |
| Gross Profit | $53.66M | $45.07M | $40.31M |
| Gross Margin % | 70.8% | 66.3% | 65.7% |
| Operating Expenses | $50.38M | $47.58M | $44.65M |
| Research & Development | $11.55M | $10.30M | $10.02M |
| Operating Income | $3.28M | $-2.51M | $-4.34M |
| Operating Margin % | 4.3% | -3.7% | -7.1% |
| Interest Expense | - | $2.42M | $1.82M |
| Interest Income | $1.89M | $2.01M | $863.00K |
| Other Income/Expense | $1.88M | $-665.00K | $-967.00K |
| Income Before Tax | $5.16M | $-3.18M | $-5.31M |
| Income Tax Expense | - | - | - |
| Net Income | $5.16M | $-3.18M | $-5.31M |
| Net Margin % | 6.8% | -4.7% | -8.7% |
| Basic EPS | nan | -0.06 | -0.24 |
| Diluted EPS | nan | -0.06 | -0.24 |
| Basic Shares Outstanding | 7.2M | 57.7M | 22.0M |
| Diluted Shares Outstanding | 7.2M | 57.7M | 22.0M |
| Breakdown | Q4 2025 (Dec 31, 2025) |
Q3 2025 (Sep 30, 2025) |
Q2 2025 (Jun 30, 2025) |
|---|---|---|---|
| Cash & Cash Equivalents | $222.04M | $198.63M | $223.15M |
| Accounts Receivable | $34.59M | $41.45M | $33.29M |
| Inventory | $4.49M | $3.15M | $3.47M |
| Other Current Assets | $1.89M | $8.45M | $7.75M |
| Total Current Assets | $272.93M | $254.90M | $271.11M |
| Property Plant & Equipment | $7.94M | $7.54M | $6.48M |
| Goodwill | $13.24M | $13.24M | $13.24M |
| Intangible Assets | $2.41M | $2.85M | $3.29M |
| Other Non-current Assets | $165.00K | $199.00K | $234.00K |
| Total Assets | $305.41M | $287.47M | $302.97M |
| Accounts Payable | $10.28M | $5.34M | $7.40M |
| Accrued Liabilities | $40.39M | $37.62M | $25.06M |
| Deferred Revenue | $25.06M | $27.16M | $25.52M |
| Total Current Liabilities | $75.73M | $70.12M | $57.99M |
| Long-term Debt | - | - | $29.97M |
| Other Non-current Liabilities | - | - | $373.00K |
| Total Liabilities | $75.73M | $70.12M | $88.76M |
| Common Stock | $58.00K | $58.00K | $56.00K |
| Retained Earnings | $-456.74M | $-461.90M | $-458.73M |
| Total Stockholders Equity | $229.68M | $217.35M | $214.21M |
| Total Liabilities & Equity | $305.41M | $287.47M | $302.97M |
| Breakdown | Q4 2025 (Dec 31, 2025) |
Q3 2025 (Sep 30, 2025) |
Q2 2025 (Jun 30, 2025) |
|---|---|---|---|
| Net Income | $5.16M | $-3.18M | $-14.76M |
| Depreciation & Amortization | $1.45M | $4.04M | $2.69M |
| Stock-based Compensation | $3.75M | $9.21M | $5.67M |
| Change in Receivables | $-7.16M | $19.51M | $10.36M |
| Change in Inventory | $1.34M | $-148.00K | $173.00K |
| Change in Payables | $4.92M | $1.37M | $1.02M |
| Operating Cash Flow | $21.38M | $-3.13M | $-13.26M |
| Capital Expenditure | $199.00K | $1.12M | $586.00K |
| Investing Cash Flow | $-1.35M | $-4.49M | $-2.50M |
| Debt Repayment | - | $30.96M | - |
| Financing Cash Flow | $3.38M | $129.85M | $162.51M |
| Net Change in Cash | $23.41M | $122.23M | $146.75M |
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 | $68.03M | - | $184.36M | - |
| Cost of Revenue | $22.96M | - | $67.09M | - |
| Gross Profit | $45.07M | - | $117.28M | - |
| Operating Expenses | $47.58M | - | $132.53M | - |
| Research & Development | $10.30M | - | $29.13M | - |
| Operating Income | $-2.51M | - | $-15.25M | - |
| Interest Expense | $353.00K | - | $2.42M | - |
| Interest Income | $2.01M | - | $3.41M | - |
| Other Income/Expense | $-665.00K | - | $-2.68M | - |
| Income Before Tax | $-3.18M | - | $-17.94M | - |
| Income Tax Expense | - | - | - | - |
| Net Income | $-3.18M | $-10.69M | $-17.94M | - |
| Basic EPS | -0.06 | - | -0.61 | - |
| Diluted EPS | -0.06 | - | -0.61 | - |
| Basic Shares Outstanding | $57.66M | - | $29.42M | - |
| Diluted Shares Outstanding | $57.66M | - | $29.42M | - |
Condensed Consolidated Balance Sheets
| Description | Sep 30, 2025 | Dec 31, 2024 |
|---|---|---|
| Cash & Cash Equivalents | $198.63M | $76.39M |
| Accounts Receivable | $41.45M | $23.42M |
| Inventory | $3.15M | $3.30M |
| Other Current Assets | $8.45M | $6.94M |
| Total Current Assets | $254.90M | $113.06M |
| Property Plant & Equipment | $7.54M | $5.62M |
| Goodwill | $13.24M | $13.24M |
| Intangible Assets | $2.85M | $4.26M |
| Other Non-current Assets | $199.00K | $5.04M |
| Total Assets | $287.47M | $150.89M |
| Accounts Payable | $5.34M | $4.17M |
| Accrued Liabilities | $37.62M | $29.84M |
| Deferred Revenue | $27.16M | $19.53M |
| Total Current Liabilities | $70.12M | $53.95M |
| Long-term Debt | - | $29.77M |
| Other Non-current Liabilities | - | $285.00K |
| Total Liabilities | $70.12M | $86.26M |
| Common Stock | $58.00K | $8.00K |
| Retained Earnings | $-461.90M | $-443.97M |
| Total Stockholders Equity | $217.35M | $-384.40M |
| Total Liabilities & Equity | $287.47M | $150.89M |
Condensed Consolidated Statements of Cash Flows
| Description | Sep 30, 2025 | Sep 30, 2025 | ||
|---|---|---|---|---|
| Current | Prior Year | Current YTD | Prior Year YTD | |
| Net Income | $-3.18M | $-10.69M | $-17.94M | - |
| Depreciation & Amortization | - | - | $4.04M | - |
| Stock-based Compensation | - | - | $9.21M | - |
| Change in Receivables | - | - | $19.51M | - |
| Change in Inventory | - | - | $-148.00K | - |
| Change in Payables | - | - | $1.37M | - |
| Operating Cash Flow | - | - | $-3.13M | - |
| Capital Expenditure | - | - | $1.12M | - |
| Investing Cash Flow | - | - | $-4.49M | - |
| Debt Repayment | - | - | $30.96M | - |
| Financing Cash Flow | - | - | $129.85M | - |
| Net Change in Cash | - | - | $122.23M | - |
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.