$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) |
|---|---|---|---|---|---|---|---|
| Total Revenue | $30.11M | $10.10M | $6.27M | $4.25M | $4.13M | $1.48M | $957.85K |
| Revenue Growth % (YoY) | 629.3% | 582.0% | 554.9% | nan% | nan% | nan% | nan% |
| Cost of Revenue | $17.38M | $7.49M | $2.94M | $2.76M | $3.25M | $1.43M | $1.15M |
| Gross Profit | $12.73M | $2.60M | $3.33M | $1.49M | $883.50K | $47.56K | $-190.90K |
| Gross Margin % | 42.3% | 25.8% | 53.1% | 35.0% | 21.4% | 3.2% | -19.9% |
| Operating Expenses | $36.05M | $18.11M | $12.58M | $11.80M | $9.40M | $8.71M | $8.11M |
| Research & Development | $8.67M | $4.51M | $4.24M | $3.46M | $3.14M | $3.18M | $2.64M |
| Operating Income | $-23.32M | $-15.50M | $-9.25M | $-10.31M | $-8.52M | $-8.66M | $-8.30M |
| Operating Margin % | -77.4% | -153.5% | -147.4% | -242.7% | -206.3% | -584.9% | -866.9% |
| Interest Expense | $32.88K | $8.12K | $7.69K | $4.83K | $-1.42M | $871.34K | $703.55K |
| Interest Income | $6.67M | $1.99M | $250.34K | $200.81K | $-71.45K | $121.61K | $87.28K |
| Other Income/Expense | $-2.11K | $31.48K | $-17.20K | $-1.16K | $1.56M | $-865.55K | $33.85K |
| Income Before Tax | $-100.83M | $-7.17M | $-10.75M | $-14.14M | $-10.34M | $-9.53M | - |
| Income Tax Expense | $180.54K | $307.46K | - | - | - | - | - |
| Net Income | $-99.87M | $-7.48M | $-10.75M | $-14.14M | $-10.34M | $-9.53M | $-8.27M |
| Net Margin % | -331.7% | -74.1% | -171.4% | -332.8% | -250.3% | -643.3% | -863.4% |
| Basic EPS | nan | -0.03 | -0.08 | -0.15 | -0.15 | -0.15 | -0.14 |
| Diluted EPS | nan | -0.03 | -0.08 | -0.15 | -0.15 | -0.15 | -0.14 |
| Basic Shares Outstanding | -172.2M | 259.9M | 150.7M | 105.0M | 3.2M | 70.7M | 66.4M |
| Diluted Shares Outstanding | -172.2M | 259.9M | 150.7M | 105.0M | 3.2M | 70.7M | 66.4M |
| 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) |
|---|---|---|---|---|---|---|---|
| Cash & Cash Equivalents | $550.74M | $432.82M | $67.57M | $25.36M | $29.96M | $2.83M | $4.93M |
| Accounts Receivable | $22.36M | $5.22M | $5.38M | $1.91M | $5.22M | $2.88M | $2.29M |
| Inventory | $21.96M | $12.52M | $11.19M | $10.55M | $9.82M | $8.88M | $4.96M |
| Other Current Assets | $25.47M | $8.93M | $6.08M | $5.52M | $2.48M | $2.54M | $2.85M |
| Total Current Assets | $685.90M | $478.88M | $91.21M | $43.40M | $47.52M | $17.17M | $15.07M |
| Property Plant & Equipment | $10.22M | $2.60M | $2.48M | $2.58M | $2.59M | $2.73M | $5.49M |
| Goodwill | $251.81M | $34.77M | $27.75M | $27.75M | $27.75M | $27.75M | $27.75M |
| Intangible Assets | $136.89M | $28.12M | $25.08M | $26.14M | $27.18M | $28.22M | $29.26M |
| Long-term Investments | $35.59M | $587.25K | - | - | - | - | - |
| Other Non-current Assets | $12.44M | $68.68M | - | - | $4.58M | - | - |
| Total Assets | $1.13B | $550.15M | $151.95M | $104.60M | $109.62M | $80.16M | $82.52M |
| Accounts Payable | $13.87M | $8.38M | $4.77M | $4.50M | $5.66M | $4.02M | $4.27M |
| Accrued Liabilities | $75.00M | - | - | - | - | - | - |
| Deferred Revenue | $8.03M | $2.10M | $3.36M | $2.64M | $329.02K | $447.72K | $285.28K |
| Total Current Liabilities | $141.82M | $31.31M | $31.49M | $50.42M | $50.58M | $39.51M | $37.88M |
| 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 |
| Total Liabilities | $661.23M | $39.78M | $39.29M | $57.95M | $73.68M | $47.06M | $46.10M |
| Common Stock | $38.00K | $32.95K | $20.67K | $12.77K | $9.32K | $7.53K | $6.66K |
| Retained Earnings | $-368.39M | $-268.72M | $-261.25M | $-250.50M | $-236.37M | $-226.03M | $-216.51M |
| Total Stockholders Equity | $437.81M | $486.08M | $90.82M | $26.08M | $16.58M | $14.92M | $19.39M |
| Total Liabilities & Equity | $1.13B | $550.15M | $151.95M | $104.60M | $109.62M | $80.16M | $82.52M |
| 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 | $-99.87M | $-7.48M | $-10.75M | $-14.14M | $-10.34M | $-9.53M | $-8.27M |
| 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 |
| Change in Receivables | $13.61M | $-19.61K | $159.52K | $-3.31M | $3.44M | $-553.89K | $-1.14M |
| Change in Inventory | $2.19M | $2.64M | $1.37M | $727.16K | $1.06M | $4.40M | $2.37M |
| Change in Payables | $3.28M | $1.18M | $-893.63K | $-1.16M | $1.64M | $-482.25K | $-232.04K |
| Operating Cash Flow | $-12.73M | $-26.02M | $-15.06M | $-6.66M | $-8.11M | $-25.36M | $-16.27M |
| Capital Expenditure | $1.60M | $437.30K | $266.71K | $170.87K | $30.04K | $1.61M | $2.28M |
| Investing Cash Flow | $-241.39M | $-18.74M | $-305.82K | $-195.02K | $-72.31K | $-1.66M | $-2.31M |
| Stock Issued | $407.21M | $422.31M | $42.68M | - | $-23.00K | $7.33M | $3.86M |
| Financing Cash Flow | $414.50M | $448.16M | $53.92M | $2.26M | $35.31M | $14.87M | $8.54M |
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.