-
Revenue
$-1.13B
Net Income
-
Gross Margin
-
Op. Margin
$-1.54B
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) |
|---|---|---|---|---|---|---|
| Total Revenue | - | - | - | $11.58M | $35.38M | $29.39M |
| Revenue Growth % | nan% | nan% | -100.0% | -67.3% | 20.4% | nan% |
| Operating Expenses | $1.18B | $1.18B | $689.52M | $498.76M | $293.66M | $217.40M |
| Research & Development | $987.33M | $987.33M | $592.23M | $423.14M | $253.07M | $186.95M |
| Operating Income | $-1.18B | $-1.18B | $-689.52M | $-487.19M | $-258.28M | $-188.01M |
| Operating Margin % | nan% | nan% | nan% | -4207.1% | -730.0% | -639.7% |
| Interest Expense | - | $24.23M | - | - | - | $12.00K |
| Interest Income | $90.69M | $90.69M | $86.88M | $47.48M | $9.15M | $929.00K |
| Other Income/Expense | $13.65M | $51.07M | $88.68M | $47.29M | $9.15M | $917.00K |
| Income Before Tax | $-1.13B | $-1.13B | $-600.85M | $-439.89M | $-249.12M | $-187.09M |
| Income Tax Expense | - | - | $-753.00K | $-3.52M | $-420.00K | - |
| Net Income | $-1.13B | $-1.13B | $-600.09M | $-436.37M | $-248.71M | $-187.09M |
| Net Margin % | nan% | nan% | nan% | -3768.3% | -703.0% | -636.6% |
| Basic EPS | -5.94 | -5.95 | -3.58 | -3.86 | -3.08 | -2.57 |
| Diluted EPS | -5.94 | -5.95 | -3.58 | -3.86 | -3.08 | -2.57 |
| Basic Shares Outstanding | - | 190.1M | 167.7M | 113.1M | 80.6M | 72.8M |
| Diluted Shares Outstanding | - | 190.1M | 167.7M | 113.1M | 80.6M | 72.8M |
| 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) |
|---|---|---|---|---|---|
| Cash & Cash Equivalents | $383.75M | $543.06M | $696.15M | $161.41M | $108.50M |
| Short-term Investments | $1.64B | $1.75B | $1.16B | $483.53M | $468.56M |
| Other Current Assets | $49.36M | $38.33M | $25.07M | $10.57M | $6.79M |
| Total Current Assets | $2.08B | $2.33B | $1.88B | $660.18M | $589.77M |
| Property Plant & Equipment | $33.19M | $24.29M | $22.86M | $18.66M | $11.54M |
| Goodwill | $14.61M | $14.61M | $14.61M | $14.61M | $14.61M |
| Intangible Assets | $55.80M | $56.67M | $57.74M | $58.81M | $59.88M |
| Other Non-current Assets | $14.78M | $13.87M | $7.03M | $2.86M | $758.00K |
| Total Assets | $2.35B | $2.56B | $2.06B | $811.93M | $737.99M |
| Accounts Payable | $64.62M | $54.43M | $61.79M | $21.31M | $14.06M |
| Accrued Liabilities | $5.00M | - | - | - | - |
| Deferred Revenue | - | - | - | $4.46M | $12.36M |
| Other Current Liabilities | $7.86M | $583.00K | - | - | - |
| Total Current Liabilities | $290.42M | $163.91M | $143.85M | $61.98M | $60.35M |
| Deferred Tax Liabilities | $2.35M | $2.35M | $3.12M | $7.03M | $7.44M |
| Other Non-current Liabilities | $1.21M | $670.00K | $1.46M | $301.00K | $634.00K |
| Total Liabilities | $723.21M | $293.10M | $235.51M | $126.74M | $135.42M |
| Common Stock | $19.00K | $18.00K | $16.00K | $9.00K | $8.00K |
| Retained Earnings | $-2.87B | $-1.74B | $-1.14B | $-701.34M | $-452.64M |
| Total Stockholders Equity | $1.63B | $2.27B | $1.83B | $685.19M | $602.57M |
| Total Liabilities & Equity | $2.35B | $2.56B | $2.06B | $811.93M | $737.99M |
| 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) |
|---|---|---|---|---|---|---|
| Net Income | $-1.34B | $-1.13B | $-600.09M | $-436.37M | $-248.71M | $-187.09M |
| Depreciation & Amortization | - | - | - | - | $3.97M | $3.08M |
| Stock-based Compensation | $197.39M | $118.39M | $79.20M | $61.77M | $31.20M | $20.72M |
| Deferred Income Tax | - | - | $-738.00K | $-3.85M | - | - |
| Change in Receivables | - | - | $-1.25M | $-3.42M | $-1.26M | $-464.00K |
| Change in Payables | $1.76M | $9.54M | $-6.46M | $32.47M | $7.29M | $2.24M |
| Operating Cash Flow | $-1.51B | $-897.74M | $-557.44M | $-350.57M | $-224.40M | $-147.18M |
| Capital Expenditure | $29.97M | $15.99M | $10.31M | $7.73M | $10.82M | $6.53M |
| Purchases of Investments | $3.34B | $1.79B | $2.14B | $1.06B | $612.77M | $671.34M |
| Investing Cash Flow | $120.44M | $118.06M | $-554.39M | $-342.60M | $-24.12M | $-142.12M |
| Stock Issued | - | - | $727.62M | $323.71M | $248.13M | $281.14M |
| Financing Cash Flow | $879.86M | $621.52M | $959.41M | $1.23B | $301.43M | $294.18M |
| Net Change in Cash | $-508.08M | $-158.16M | $-152.42M | $536.03M | $52.91M | $4.88M |
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 | $315.27M | - | $820.74M | - |
| Research & Development | $262.51M | - | $692.39M | - |
| Operating Income | $-315.27M | - | $-820.74M | - |
| Interest Expense | $11.43M | - | $12.29M | - |
| Interest Income | $22.08M | - | $69.40M | - |
| Other Income/Expense | - | - | $-42.00K | - |
| Income Before Tax | $-305.21M | - | $-766.41M | - |
| Net Income | $-305.21M | $-133.23M | $-766.41M | - |
| Basic EPS | -1.61 | - | -4.06 | - |
| Diluted EPS | -1.61 | - | -4.06 | - |
| Basic Shares Outstanding | $189.23M | - | $188.66M | - |
| Diluted Shares Outstanding | $189.23M | - | $188.66M | - |
Condensed Consolidated Balance Sheets
| Description | Sep 30, 2025 | Dec 31, 2024 |
|---|---|---|
| Cash & Cash Equivalents | $217.44M | $543.06M |
| Short-term Investments | $1.71B | $1.75B |
| Other Current Assets | $45.98M | $38.33M |
| Total Current Assets | $1.98B | $2.33B |
| Property Plant & Equipment | $32.93M | $24.29M |
| Goodwill | $14.61M | $14.61M |
| Intangible Assets | $55.87M | $56.67M |
| Other Non-current Assets | $14.87M | $1.74M |
| Total Assets | $2.25B | $2.56B |
| Accounts Payable | $74.85M | $54.43M |
| Total Current Liabilities | $245.62M | $163.91M |
| Deferred Tax Liabilities | $2.35M | $2.35M |
| Other Non-current Liabilities | $2.48M | $670.00K |
| Total Liabilities | $655.02M | $293.10M |
| Common Stock | $18.00K | $18.00K |
| Retained Earnings | $-2.50B | $-1.74B |
| Total Stockholders Equity | $1.60B | $2.27B |
| Total Liabilities & Equity | $2.25B | $2.56B |
Condensed Consolidated Statements of Cash Flows
| Description | Sep 30, 2025 | Sep 30, 2025 | ||
|---|---|---|---|---|
| Current | Prior Year | Current YTD | Prior Year YTD | |
| Net Income | $-305.21M | $-133.23M | $-766.41M | - |
| Stock-based Compensation | - | - | $84.69M | - |
| Change in Receivables | - | - | - | - |
| Change in Payables | - | - | $20.04M | - |
| Operating Cash Flow | - | - | $-623.50M | - |
| Capital Expenditure | - | - | $14.06M | - |
| Purchases of Investments | - | - | $1.50B | - |
| Investing Cash Flow | - | - | $43.18M | - |
| Financing Cash Flow | - | - | $255.87M | - |
| Net Change in Cash | - | - | $-324.46M | - |
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.