$50.73M
Revenue
$-132.24M
Net Income
39.73%
Gross Margin
-115.09%
Op. Margin
$-62.94M
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 | $50.73M | $50.73M | $7.19M | $15.69M | $2.13M | $2.91M | $2.16M | $320.38K | $190.03K | $274.40K | $5.51K |
| Revenue Growth % | 0.0% | 605.3% | -54.2% | 638.1% | -26.9% | 34.3% | 575.4% | 68.6% | -30.7% | 4878.3% | nan% |
| Cost of Revenue | $30.57M | $30.57M | $6.85M | $9.31M | $1.02M | $1.81M | $1.24M | $79.13K | $39.37K | $79.77K | $12.42K |
| Gross Profit | $20.16M | $20.16M | $345.18K | $6.38M | $1.11M | $1.10M | $927.67K | $241.26K | $150.66K | $-6.23K | $-6.91K |
| Gross Margin % | 39.7% | 39.7% | 4.8% | 40.7% | 52.2% | 37.7% | 42.9% | 75.3% | 79.3% | -2.3% | -125.4% |
| Operating Expenses | $78.54M | $78.54M | $34.95M | $46.11M | $70.54M | $19.07M | $12.45M | $15.61M | $8.59M | $38.44K | $27.67K |
| Research & Development | $20.88M | $20.88M | $12.48M | $17.15M | $24.04M | $5.80M | $3.59M | $5.42M | $3.08M | $1.00M | - |
| Operating Income | $-58.38M | $-58.38M | $-34.61M | $-39.73M | $-69.43M | $-17.97M | $-11.52M | $-15.37M | $-8.44M | $-44.66K | $-34.58K |
| Operating Margin % | -115.1% | -115.1% | -481.2% | -253.2% | -3266.0% | -618.3% | -532.6% | -4798.0% | -4439.1% | -16.3% | -627.4% |
| Interest Expense | $53.52K | $41.00K | $933.00K | $4.15M | $3.76M | $575.68K | $1.94M | $2.93M | $2.66M | $642.72K | - |
| Interest Income | $9.11M | $9.11M | $234.93K | $123.87K | $25.54K | $11.58K | $251.00 | $1.86K | - | - | - |
| Other Income/Expense | $11.00K | $11.00K | $-19.89K | $-5.12M | $-3.81M | $27.79K | $-1.95M | $-4.02M | $-3.66M | $-627.87K | - |
| Income Before Tax | $-132.89M | $-132.89M | $-38.01M | $-44.84M | $-73.24M | $-17.95M | $-13.48M | $-19.39M | $-12.10M | $-3.02M | - |
| Income Tax Expense | - | $488.00K | - | - | - | $-2.92M | - | - | - | - | - |
| Net Income | $-132.24M | $-132.24M | $-38.01M | $-44.84M | $-73.24M | $-15.02M | $-13.48M | $-19.39M | $-12.10M | $-44.66K | $-34.58K |
| Net Margin % | -260.7% | -260.7% | -528.4% | -285.8% | -3445.3% | -516.9% | -622.9% | -6052.2% | -6365.8% | -16.3% | -627.4% |
| Basic EPS | nan | -0.62 | -0.61 | -0.88 | -1.73 | -0.44 | nan | nan | nan | nan | nan |
| Diluted EPS | nan | -0.62 | -0.61 | -0.88 | -1.73 | -0.44 | nan | nan | nan | nan | nan |
| Basic Shares Outstanding | -172.2M | 222K | 69.9M | 52.7M | 42.2M | 34.2M | - | - | - | - | - |
| Diluted Shares Outstanding | -172.2M | 222K | 69.9M | 52.7M | 42.2M | 34.2M | - | - | - | - | - |
| 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 | $550.74M | $29.96M | $14.98M | $29.78M | $40.82M | $26.06M | $2.15M | $1.13M | $456.02K | $2.38K |
| Accounts Receivable | $22.36M | $5.22M | $3.43M | $104.28K | $1.21M | $47.65K | $20.21K | $30.44K | $649.00 | $1.82K |
| Inventory | $21.96M | $9.82M | $2.19M | $2.17M | $1.18M | $1.15M | $427.52K | $347.94K | $4.07K | $1.46K |
| Other Current Assets | $25.47M | $2.48M | $2.97M | $1.75M | $1.45M | $629.03K | $700.60K | $533.48K | $43.58K | - |
| Total Current Assets | $685.90M | $47.52M | $23.61M | $35.80M | $44.66M | $27.89M | $3.30M | $2.04M | $704.77K | - |
| Property Plant & Equipment | $10.22M | $2.59M | $4.18M | $3.10M | $1.03M | $163.08K | $252.25K | $502.15K | $12.86K | - |
| Goodwill | $251.81M | $27.75M | $27.75M | $25.61M | $45.03M | - | - | - | - | - |
| Intangible Assets | $136.89M | $27.18M | $31.33M | $28.79M | $25.17M | $379.53K | $126.34K | $53.29K | - | - |
| Long-term Investments | $35.59M | - | - | $1.50M | $500.00K | - | - | - | - | - |
| Other Non-current Assets | $12.44M | $4.58M | $64.38M | $59.04M | $71.75M | $459.17K | - | - | - | - |
| Total Assets | $1.13B | $109.62M | $92.16M | $97.95M | $117.44M | $28.51M | $4.26M | $2.66M | $8.13K | $5.66K |
| Accounts Payable | $13.87M | $5.66M | $5.18M | $2.97M | $2.41M | $2.37M | $2.32M | $1.11M | $795.75K | - |
| Accrued Liabilities | $75.00M | - | - | - | - | - | - | - | - | - |
| Deferred Revenue | $8.03M | $329.02K | $276.94K | $61.51K | $512.40K | $165.03K | $378.85K | - | - | - |
| Other Current Liabilities | - | - | $520.66K | - | - | - | - | - | - | - |
| Total Current Liabilities | $141.82M | $50.58M | $35.94M | $21.60M | $4.62M | $12.49M | $16.06M | $17.25M | $5.86M | - |
| Deferred Tax Liabilities | $14.53M | - | - | - | - | - | - | - | - | - |
| Other Non-current Liabilities | $10.24M | $82.50K | - | - | - | - | - | - | - | - |
| Total Liabilities | $661.23M | $73.68M | $47.11M | $39.72M | $5.21M | $13.43M | $16.69M | $17.55M | $85.63K | $60.50K |
| Common Stock | $38.00K | $9.32K | $6.19K | $4.41K | $4.10K | $2.65K | $5.93K | $5.05K | $576.00 | $300.00 |
| Retained Earnings | $-368.39M | $-236.37M | $-198.36M | $-153.52M | $-80.27M | $-65.25M | $-51.77M | $-32.38M | $-99.81K | $-55.14K |
| Total Stockholders Equity | $437.81M | $16.58M | $33.14M | $58.22M | $112.23M | $15.08M | $-12.43M | $-14.88M | $-7.92M | $-54.84K |
| Total Liabilities & Equity | $1.13B | $109.62M | $92.16M | $97.95M | $117.44M | $28.51M | $4.26M | $2.66M | $8.13K | $5.66K |
| 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 | $-132.24M | $-132.24M | $-38.01M | $-44.84M | $-73.24M | $-15.02M | $-13.48M | $-19.39M | $-12.10M | $-44.66K | $-34.58K |
| Depreciation & Amortization | - | $946.00K | $602.00K | - | - | - | - | - | - | - | - |
| Stock-based Compensation | $21.34M | $16.02M | $1.27M | $1.05M | $5.86M | $3.25M | $4.68M | $938.05K | - | $1.17K | - |
| Deferred Income Tax | - | - | - | - | - | $-2.92M | - | - | - | - | - |
| Change in Working Capital | - | - | - | - | - | - | - | - | - | $-939.00 | $5.59K |
| Change in Receivables | $10.45M | $13.60M | $2.89M | $3.21M | $-1.11M | $1.15M | $27.43K | $-10.23K | $-9.33K | $1.17K | $-1.82K |
| Change in Inventory | $6.93M | $4.84M | $5.47M | $-1.48M | $994.67K | $126.49K | $297.90K | $79.59K | $174.62K | $-2.61K | $1.41K |
| Change in Payables | $2.40M | $4.46M | $1.16M | $1.24M | $554.74K | $-86.66K | - | $1.21M | $-44.36K | $-58.75K | - |
| Operating Cash Flow | $-60.47M | $-38.75M | $-33.47M | $-34.02M | $-37.96M | $-16.90M | $-7.53M | $-14.66M | $-8.52M | $-45.60K | $-28.99K |
| Capital Expenditure | $2.47M | $2.03M | $1.64M | $211.03K | $2.88M | $923.72K | $8.60K | $77.94K | $544.24K | - | - |
| Acquisitions | - | - | - | - | - | $6.52M | - | - | - | - | - |
| Purchases of Investments | - | - | - | - | $1.00M | - | - | - | - | - | - |
| Investing Cash Flow | $-260.63M | $-260.13M | $-1.73M | $536.27K | $-6.93M | $-10.21M | $-16.14K | $-354.82K | $-629.68K | - | - |
| Stock Issued | - | $829.52M | $7.30M | - | $6.09M | $47.52M | $31.25M | $6.11M | $4.70K | $22.00K | - |
| Financing Cash Flow | $918.84M | $862.65M | $50.18M | $18.73M | $33.86M | $41.86M | $31.46M | $16.04M | $9.82M | $46.63K | $26.20K |
| Net Change in Cash | - | - | - | - | - | $14.75M | $23.91M | $1.02M | $673.85K | $1.03K | $-2.79K |
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 | $10.10M | - | $20.62M | - |
| Cost of Revenue | $7.49M | - | $13.19M | - |
| Gross Profit | $2.60M | - | $7.43M | - |
| Operating Expenses | $18.11M | - | $42.49M | - |
| Research & Development | $4.51M | - | $12.21M | - |
| Operating Income | $-15.50M | - | $-35.06M | - |
| Interest Expense | $444.45K | - | $8.12K | - |
| Interest Income | $1.99M | - | $2.44M | - |
| Other Income/Expense | $31.48K | - | $13.11K | - |
| Income Before Tax | $-7.17M | - | $-32.06M | - |
| Income Tax Expense | $307.46K | - | $307.46K | - |
| Net Income | $-7.48M | $-8.27M | $-32.37M | - |
| Basic EPS | -0.03 | - | -0.21 | - |
| Diluted EPS | -0.03 | - | -0.21 | - |
| Basic Shares Outstanding | $259.91M | - | $172.42M | - |
| Diluted Shares Outstanding | $259.91M | - | $172.42M | - |
Condensed Consolidated Balance Sheets
| Description | Sep 30, 2025 | Dec 31, 2024 |
|---|---|---|
| Cash & Cash Equivalents | $432.82M | $29.96M |
| Accounts Receivable | $5.22M | $5.22M |
| Inventory | $12.52M | $9.82M |
| Other Current Assets | $8.93M | $2.48M |
| Total Current Assets | $478.88M | $47.52M |
| Property Plant & Equipment | $2.60M | $2.59M |
| Goodwill | $34.77M | $27.75M |
| Intangible Assets | $28.12M | $27.18M |
| Long-term Investments | $587.25K | - |
| Other Non-current Assets | $68.68M | $59.52M |
| Total Assets | $550.15M | $109.62M |
| Accounts Payable | $8.38M | $5.66M |
| Deferred Revenue | $2.10M | $329.02K |
| Total Current Liabilities | $31.31M | $50.58M |
| Deferred Tax Liabilities | $867.48K | - |
| Other Non-current Liabilities | $99.88K | $82.50K |
| Total Liabilities | $39.78M | $73.68M |
| Common Stock | $32.95K | $9.32K |
| Retained Earnings | $-268.72M | $-236.37M |
| Total Stockholders Equity | $486.08M | $16.58M |
| Total Liabilities & Equity | $550.15M | $109.62M |
Condensed Consolidated Statements of Cash Flows
| Description | Sep 30, 2025 | Sep 30, 2025 | ||
|---|---|---|---|---|
| Current | Prior Year | Current YTD | Prior Year YTD | |
| Net Income | $-7.48M | $-8.27M | $-32.37M | - |
| Depreciation & Amortization | - | - | $565.64K | - |
| Stock-based Compensation | - | - | $9.21M | - |
| Change in Receivables | - | - | $-19.61K | - |
| Change in Inventory | - | - | $2.64M | - |
| Change in Payables | - | - | $1.18M | - |
| Operating Cash Flow | - | - | $-26.02M | - |
| Capital Expenditure | - | - | $437.30K | - |
| Investing Cash Flow | - | - | $-18.74M | - |
| Stock Issued | - | - | $422.31M | - |
| Financing Cash Flow | - | - | $448.16M | - |
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.