$50.73M
Revenue
$-132.24M
Net Income
39.73%
Gross Margin
-115.09%
Op. Margin
$-62.94M
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) |
Q1 2024 (Mar 31, 2024) |
Q4 2023 (Dec 31, 2023) |
Q3 2023 (Sep 30, 2023) |
Q2 2023 (Jun 30, 2023) |
Q1 2023 (Mar 31, 2023) |
Q4 2022 (Dec 31, 2022) |
Q3 2022 (Sep 30, 2022) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | $30.11M | $10.10M | $6.27M | $4.25M | $4.13M | $1.48M | $957.85K | $625.01K | $4.96M | $2.67M | $5.47M | $2.60M | $478.91K | $632.49K |
| Revenue Growth % (YoY) | 629.3% | 582.0% | 554.9% | 579.7% | -16.8% | -44.4% | -82.5% | -75.9% | 935.9% | 321.4% | nan% | nan% | nan% | nan% |
| Cost of Revenue | $17.38M | $7.49M | $2.94M | $2.76M | $3.25M | $1.43M | $1.15M | $1.02M | $3.23M | $2.11M | $2.40M | $1.57M | $210.08K | $233.00K |
| Gross Profit | $12.73M | $2.60M | $3.33M | $1.49M | $883.50K | $47.56K | $-190.90K | $-394.98K | $1.73M | $554.88K | $3.07M | $1.03M | $268.83K | $399.49K |
| Gross Margin % | 42.3% | 25.8% | 53.1% | 35.0% | 21.4% | 3.2% | -19.9% | -63.2% | 34.8% | 20.8% | 56.2% | 39.6% | 56.1% | 63.2% |
| Operating Expenses | $36.05M | $18.11M | $12.58M | $11.80M | $9.40M | $8.71M | $8.11M | $8.73M | $14.37M | $6.49M | $11.57M | $13.68M | $34.79M | $13.95M |
| Research & Development | $8.67M | $4.51M | $4.24M | $3.46M | $3.14M | $3.18M | $2.64M | $3.51M | $2.96M | $2.70M | $4.51M | $6.97M | $9.23M | $5.79M |
| Operating Income | $-23.32M | $-15.50M | $-9.25M | $-10.31M | $-8.52M | $-8.66M | $-8.30M | $-9.13M | $-12.65M | $-5.93M | $-8.50M | $-12.65M | $-34.52M | $-13.55M |
| Operating Margin % | -77.4% | -153.5% | -147.4% | -242.7% | -206.3% | -584.9% | -866.9% | -1460.3% | -254.9% | -222.6% | -155.4% | -487.4% | -7207.2% | -2142.1% |
| Interest Expense | $32.88K | $8.12K | $7.69K | $4.83K | $-1.42M | $871.34K | $703.55K | $782.61K | $957.16K | $893.95K | $541.39K | $1.80M | $3.73M | $8.21K |
| Interest Income | $6.67M | $1.99M | $250.34K | $200.81K | $-71.45K | $121.61K | $87.28K | $97.50K | $116.15K | $379.00 | - | $7.34K | - | - |
| Other Income/Expense | $-2.11K | $31.48K | $-17.20K | $-1.16K | $1.56M | $-865.55K | $33.85K | $-748.89K | $-1.49M | $-1.36M | $-461.42K | $-1.80M | $-3.75M | $-29.60K |
| Income Before Tax | $-100.83M | $-7.17M | $-10.75M | $-14.14M | $-10.34M | $-9.53M | - | $-9.88M | $-14.14M | - | - | $-14.46M | - | - |
| Income Tax Expense | $180.54K | $307.46K | - | - | - | - | - | - | - | - | - | - | - | - |
| Net Income | $-99.87M | $-7.48M | $-10.75M | $-14.14M | $-10.34M | $-9.53M | $-8.27M | $-9.88M | $-14.14M | $-7.29M | $-8.96M | $-14.46M | $-38.26M | $-13.58M |
| Net Margin % | -331.7% | -74.1% | -171.4% | -332.8% | -250.3% | -643.3% | -863.4% | -1580.2% | -285.0% | -273.6% | -163.8% | -556.8% | -7989.3% | -2146.8% |
| Basic EPS | nan | -0.03 | -0.08 | -0.15 | -0.15 | -0.15 | -0.14 | -0.17 | -0.26 | -0.15 | -0.18 | -0.30 | -0.90 | -0.32 |
| Diluted EPS | nan | -0.03 | -0.08 | -0.15 | -0.15 | -0.15 | -0.14 | -0.17 | -0.26 | -0.14 | -0.18 | -0.30 | -0.90 | -0.32 |
| Basic Shares Outstanding | -172.2M | 259.9M | 150.7M | 105.0M | 3.2M | 70.7M | 66.4M | 63.0M | 1.8M | 53.9M | 51.1M | 47.7M | 296K | 42.7M |
| Diluted Shares Outstanding | -172.2M | 259.9M | 150.7M | 105.0M | 3.2M | 70.7M | 66.4M | 63.0M | 1.8M | 53.9M | 51.1M | 47.7M | 296K | 42.7M |
| 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) |
Q1 2024 (Mar 31, 2024) |
Q4 2023 (Dec 31, 2023) |
Q3 2023 (Sep 30, 2023) |
Q2 2023 (Jun 30, 2023) |
Q1 2023 (Mar 31, 2023) |
Q4 2022 (Dec 31, 2022) |
Q3 2022 (Sep 30, 2022) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Cash Equivalents | $550.74M | $432.82M | $67.57M | $25.36M | $29.96M | $2.83M | $4.93M | - | $14.98M | $20.97M | $3.06M | $14.12M | $29.78M | $15.28M |
| Accounts Receivable | $22.36M | $5.22M | $5.38M | $1.91M | $5.22M | $2.88M | $2.29M | $2.13M | $3.43M | $4.89M | $4.91M | $1.12M | $104.28K | $821.16K |
| Inventory | $21.96M | $12.52M | $11.19M | $10.55M | $9.82M | $8.88M | $4.96M | $3.76M | $2.19M | $2.58M | $2.91M | $3.76M | $2.17M | $1.43M |
| Other Current Assets | $25.47M | $8.93M | $6.08M | $5.52M | $2.48M | $2.54M | $2.85M | $3.03M | $2.97M | $1.79M | $2.17M | $2.18M | $1.75M | $1.64M |
| Total Current Assets | $685.90M | $478.88M | $91.21M | $43.40M | $47.52M | $17.17M | $15.07M | $23.51M | $23.61M | $30.27M | $13.09M | $21.22M | $35.80M | $19.18M |
| Property Plant & Equipment | $10.22M | $2.60M | $2.48M | $2.58M | $2.59M | $2.73M | $5.49M | $4.84M | $4.18M | $5.44M | $5.69M | $5.99M | $3.10M | $4.30M |
| Goodwill | $251.81M | $34.77M | $27.75M | $27.75M | $27.75M | $27.75M | $27.75M | $27.75M | $27.75M | $27.67M | $27.67M | $27.60M | $25.61M | $45.03M |
| Intangible Assets | $136.89M | $28.12M | $25.08M | $26.14M | $27.18M | $28.22M | $29.26M | $30.30M | $31.33M | $32.44M | $33.45M | $34.17M | $28.79M | $29.61M |
| Long-term Investments | $35.59M | $587.25K | - | - | - | - | - | - | - | $1.50M | $1.50M | $1.50M | $1.50M | $1.50M |
| Other Non-current Assets | $12.44M | $68.68M | - | - | $4.58M | - | - | $63.27M | $64.38M | $64.93M | $65.78M | $66.56M | $59.04M | $79.54M |
| Total Assets | $1.13B | $550.15M | $151.95M | $104.60M | $109.62M | $80.16M | $82.52M | $91.62M | $92.16M | $100.65M | $84.56M | $93.77M | $97.95M | $103.02M |
| Accounts Payable | $13.87M | $8.38M | $4.77M | $4.50M | $5.66M | $4.02M | $4.27M | $5.57M | $5.18M | $5.47M | $4.89M | $5.17M | $2.97M | $3.40M |
| Accrued Liabilities | $75.00M | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Deferred Revenue | $8.03M | $2.10M | $3.36M | $2.64M | $329.02K | $447.72K | $285.28K | $460.05K | $276.94K | $341.02K | $142.63K | $412.41K | $61.51K | $343.94K |
| Other Current Liabilities | - | - | - | - | - | - | - | $640.10K | $520.66K | $471.28K | $248.01K | $236.77K | - | - |
| Total Current Liabilities | $141.82M | $31.31M | $31.49M | $50.42M | $50.58M | $39.51M | $37.88M | $37.94M | $35.94M | $35.55M | $29.05M | $24.72M | $21.60M | $6.30M |
| Deferred Tax Liabilities | $14.53M | $867.48K | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Non-current Liabilities | $10.24M | $99.88K | $82.50K | $82.50K | $82.50K | $82.50K | $82.50K | $82.50K | - | - | - | - | - | - |
| Total Liabilities | $661.23M | $39.78M | $39.29M | $57.95M | $73.68M | $47.06M | $46.10M | $47.93M | $47.11M | $44.42M | $35.04M | $39.69M | $39.72M | $9.21M |
| Common Stock | $38.00K | $32.95K | $20.67K | $12.77K | $9.32K | $7.53K | $6.66K | $6.56K | $6.19K | $5.52K | $5.25K | $4.91K | $4.41K | $4.27K |
| Retained Earnings | $-368.39M | $-268.72M | $-261.25M | $-250.50M | $-236.37M | $-226.03M | $-216.51M | $-208.24M | $-198.36M | $-184.22M | $-176.93M | $-167.97M | $-153.52M | $-115.25M |
| Total Stockholders Equity | $437.81M | $486.08M | $90.82M | $26.08M | $16.58M | $14.92M | $19.39M | $27.76M | $33.14M | $45.20M | $49.52M | $54.08M | $58.22M | $93.80M |
| Total Liabilities & Equity | $1.13B | $550.15M | $151.95M | $104.60M | $109.62M | $80.16M | $82.52M | $91.62M | $92.16M | $100.65M | $84.56M | $93.77M | $97.95M | $103.02M |
| 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) |
Q1 2024 (Mar 31, 2024) |
Q4 2023 (Dec 31, 2023) |
Q3 2023 (Sep 30, 2023) |
Q2 2023 (Jun 30, 2023) |
Q1 2023 (Mar 31, 2023) |
Q4 2022 (Dec 31, 2022) |
Q3 2022 (Sep 30, 2022) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $-99.87M | $-7.48M | $-10.75M | $-14.14M | $-10.34M | $-9.53M | $-8.27M | $-9.88M | $-14.14M | $-30.71M | $-8.96M | $-14.46M | $-38.26M | $-13.58M |
| Depreciation & Amortization | $380.36K | $565.64K | $369.69K | - | $177.36K | - | - | - | - | - | - | - | - | - |
| Stock-based Compensation | $6.81M | $9.21M | $3.75M | $1.57M | $276.50K | $988.68K | $677.55K | $269.55K | $411.05K | $636.35K | $2.90M | $1.26M | $1.49M | $4.37M |
| Change in Receivables | $13.61M | $-19.61K | $159.52K | $-3.31M | $3.44M | $-553.89K | $-1.14M | $-1.15M | $-1.46M | $4.68M | $4.70M | $901.60K | $-716.88K | $-392.04K |
| Change in Inventory | $2.19M | $2.64M | $1.37M | $727.16K | $1.06M | $4.40M | $2.37M | $1.17M | $-393.52K | $-1.09M | $-760.46K | $95.06K | $741.20K | $253.47K |
| Change in Payables | $3.28M | $1.18M | $-893.63K | $-1.16M | $1.64M | $-482.25K | $-232.04K | $396.57K | $-295.04K | $1.54M | $955.36K | $1.23M | $-432.65K | $987.39K |
| Operating Cash Flow | $-12.73M | $-26.02M | $-15.06M | $-6.66M | $-8.11M | $-25.36M | $-16.27M | $-7.46M | $-5.91M | $-28.11M | $-21.86M | $-12.74M | $-11.76M | $-26.20M |
| Capital Expenditure | $1.60M | $437.30K | $266.71K | $170.87K | $30.04K | $1.61M | $2.28M | $1.19M | $116.06K | $94.97K | $65.17K | $135.22K | $-644.82K | $3.53M |
| Acquisitions | - | - | - | - | - | - | - | - | - | $135.00K | $135.00K | $-1.05M | - | - |
| Purchases of Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Investing Cash Flow | $-241.39M | $-18.74M | $-305.82K | $-195.02K | $-72.31K | $-1.66M | $-2.31M | $-1.21M | $-108.66K | $644.94K | $695.48K | $863.83K | $-1.44M | $-5.50M |
| Stock Issued | $407.21M | $422.31M | $42.68M | - | $-23.00K | $7.33M | $3.86M | $3.86M | - | - | - | - | $-8.85K | - |
| Financing Cash Flow | $414.50M | $448.16M | $53.92M | $2.26M | $35.31M | $14.87M | $8.54M | $8.24M | $29.55K | $18.70M | $-5.50M | $-3.74M | $27.69M | $6.16M |
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-Q filings.
Quarterly data represents single quarter results (Q1-Q4). Some items may show year-to-date values if quarterly breakdown is unavailable.