$6.15B
Revenue
$342.00M
Net Income
25.89%
Gross Margin
4.75%
Op. Margin
$954.00M
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 | $6.15B | $6.15B | $4.96B | $3.87B | $2.73B | $1.71B |
| Revenue Growth % | 0.0% | 24.1% | 28.3% | 41.5% | 60.2% | nan% |
| Cost of Revenue | $4.56B | $4.56B | $3.77B | $3.03B | $2.22B | $1.39B |
| Gross Profit | $1.59B | $1.59B | $1.19B | $834.00M | $511.00M | $314.00M |
| Gross Margin % | 25.9% | 25.9% | 24.0% | 21.6% | 18.7% | 18.4% |
| Operating Expenses | $1.30B | $1.30B | $1.17B | $1.12B | $895.00M | $542.00M |
| Research & Development | $374.00M | $374.00M | $351.00M | $358.00M | $282.00M | $163.00M |
| Operating Income | $292.00M | $292.00M | $16.00M | $-287.00M | $-384.00M | $-228.00M |
| Operating Margin % | 4.7% | 4.7% | 0.3% | -7.4% | -14.1% | -13.4% |
| Interest Expense | - | - | - | - | - | $12.00M |
| Interest Income | - | - | - | - | - | - |
| Other Income/Expense | - | - | $13.00M | $3.00M | $1.00M | - |
| Income Before Tax | $346.00M | $346.00M | $22.00M | $-244.00M | $-277.00M | $-490.00M |
| Income Tax Expense | $4.00M | $4.00M | $3.00M | $2.00M | $-2.00M | $-3.00M |
| Net Income | $342.00M | $342.00M | $19.00M | $-246.00M | $-275.00M | $-487.00M |
| Net Margin % | 5.6% | 5.6% | 0.4% | -6.4% | -10.1% | -28.6% |
| Basic EPS | 0.59 | 0.59 | 0.03 | -0.46 | -0.54 | -1.68 |
| Diluted EPS | 0.55 | 0.56 | 0.03 | -0.47 | -0.72 | -1.68 |
| Basic Shares Outstanding | - | 582.0M | 559.0M | 532.0M | 511.8M | 289.6M |
| Diluted Shares Outstanding | - | 607.0M | 591.0M | 533.0M | 512.2M | 289.6M |
| 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 | $1.35B | $903.00M | $605.00M | $547.00M | $809.00M |
| Accounts Receivable | $127.00M | $115.00M | $69.00M | $77.00M | $55.00M |
| Inventory | $114.00M | $118.00M | $118.00M | $110.00M | $42.00M |
| Other Current Assets | $437.00M | $325.00M | $259.00M | $199.00M | $92.00M |
| Total Current Assets | $2.67B | $1.98B | $1.57B | $1.41B | $1.49B |
| Property Plant & Equipment | $105.00M | $98.00M | $75.00M | $61.00M | $41.00M |
| Goodwill | $113.00M | $113.00M | $113.00M | $107.00M | $74.00M |
| Intangible Assets | $14.00M | $20.00M | $26.00M | $29.00M | $16.00M |
| Other Non-current Assets | $146.00M | $118.00M | $83.00M | $14.00M | $6.00M |
| Total Assets | $3.15B | $2.41B | $1.96B | $1.76B | $1.74B |
| Accounts Payable | $47.00M | $37.00M | $32.00M | $30.00M | $40.00M |
| Accrued Liabilities | $74.00M | $69.00M | - | - | - |
| Deferred Revenue | $68.00M | $59.00M | $39.00M | $39.00M | $44.00M |
| Total Current Liabilities | $969.00M | $811.00M | $663.00M | $496.00M | $352.00M |
| Long-term Debt | - | - | - | - | - |
| Other Non-current Liabilities | $13.00M | $6.00M | $4.00M | $12.00M | $22.00M |
| Total Liabilities | $1.02B | $863.00M | $764.00M | $663.00M | $644.00M |
| Common Stock | - | - | - | - | - |
| Retained Earnings | $-1.26B | $-1.60B | $-1.62B | $-1.38B | $-1.10B |
| Treasury Stock | - | - | - | - | - |
| Total Stockholders Equity | $2.12B | $1.54B | $1.19B | $1.10B | $1.09B |
| Total Liabilities & Equity | $3.15B | $2.41B | $1.96B | $1.76B | $1.74B |
| 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 | $398.00M | $342.00M | $19.00M | $-246.00M | $-275.00M | $-487.00M |
| Depreciation & Amortization | $118.00M | $64.00M | $46.00M | $32.00M | $24.00M | $21.00M |
| Stock-based Compensation | $422.00M | $242.00M | $253.00M | $277.00M | $228.00M | $140.00M |
| Deferred Income Tax | - | - | - | $-1.00M | - | - |
| Change in Receivables | $58.00M | $33.00M | $72.00M | $3.00M | $35.00M | $23.00M |
| Change in Inventory | $-26.00M | $-4.00M | - | $7.00M | $68.00M | $23.00M |
| Change in Payables | $34.00M | $11.00M | $5.00M | $1.00M | $-11.00M | $15.00M |
| Operating Cash Flow | $1.04B | $661.00M | $360.00M | $135.00M | $-156.00M | $2.00M |
| Capital Expenditure | $88.00M | $53.00M | $54.00M | $42.00M | $16.00M | $12.00M |
| Acquisitions | - | - | - | $9.00M | $46.00M | $26.00M |
| Sales of Investments | $631.00M | $336.00M | $362.00M | $556.00M | $369.00M | $5.00M |
| Investing Cash Flow | $-166.00M | $-172.00M | $-39.00M | $-86.00M | $-98.00M | $-503.00M |
| Stock Issued | $147.00M | $81.00M | $99.00M | $36.00M | $15.00M | $34.00M |
| Stock Repurchased | $155.00M | $107.00M | $56.00M | - | - | - |
| Financing Cash Flow | $131.00M | $7.00M | $18.00M | $63.00M | $38.00M | $759.00M |
| Net Change in Cash | - | $498.00M | $338.00M | $112.00M | $-216.00M | - |
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 | $1.63B | $1.30B | $4.52B | $3.62B |
| Cost of Revenue | $1.20B | $983.00M | $3.35B | $2.77B |
| Gross Profit | $432.00M | $322.00M | $1.17B | $857.00M |
| Operating Expenses | $348.00M | $288.00M | $963.00M | $873.00M |
| Research & Development | $102.00M | $89.00M | $277.00M | $258.00M |
| Operating Income | $84.00M | $34.00M | $207.00M | $-16.00M |
| Other Income/Expense | - | $15.00M | - | $13.00M |
| Income Before Tax | $104.00M | $57.00M | $245.00M | $-10.00M |
| Income Tax Expense | $-1.00M | $1.00M | $4.00M | $3.00M |
| Net Income | $105.00M | $56.00M | $241.00M | $-13.00M |
| Basic EPS | 0.18 | 0.10 | 0.42 | -0.02 |
| Diluted EPS | 0.16 | 0.07 | 0.39 | -0.02 |
| Basic Shares Outstanding | $585.00M | $563.00M | $580.00M | $556.00M |
| Diluted Shares Outstanding | $609.00M | $590.00M | $606.00M | $556.00M |
Condensed Consolidated Balance Sheets
| Description | Sep 30, 2025 | Dec 31, 2024 |
|---|---|---|
| Cash & Cash Equivalents | $1.36B | $903.00M |
| Accounts Receivable | $121.00M | $115.00M |
| Inventory | $104.00M | $118.00M |
| Other Current Assets | $413.00M | $325.00M |
| Total Current Assets | $2.50B | $1.98B |
| Property Plant & Equipment | $100.00M | $98.00M |
| Goodwill | $113.00M | $113.00M |
| Intangible Assets | $16.00M | $20.00M |
| Other Non-current Assets | $148.00M | $118.00M |
| Total Assets | $2.97B | $2.41B |
| Accounts Payable | $50.00M | $37.00M |
| Deferred Revenue | $63.00M | $59.00M |
| Total Current Liabilities | $911.00M | $811.00M |
| Other Non-current Liabilities | $8.00M | $6.00M |
| Total Liabilities | $957.00M | $863.00M |
| Common Stock | - | - |
| Retained Earnings | $-1.36B | $-1.60B |
| Total Stockholders Equity | $2.01B | $1.54B |
| Total Liabilities & Equity | $2.97B | $2.41B |
Condensed Consolidated Statements of Cash Flows
| Description | Sep 30, 2025 | Sep 30, 2025 | ||
|---|---|---|---|---|
| Current | Prior Year | Current YTD | Prior Year YTD | |
| Net Income | $105.00M | $56.00M | $241.00M | $-13.00M |
| Depreciation & Amortization | - | - | $48.00M | $35.00M |
| Stock-based Compensation | - | - | $186.00M | $193.00M |
| Change in Receivables | - | - | $20.00M | $54.00M |
| Change in Inventory | - | - | $-14.00M | $-12.00M |
| Change in Payables | - | - | $11.00M | $-1.00M |
| Operating Cash Flow | - | - | $467.00M | $213.00M |
| Capital Expenditure | - | - | $37.00M | $41.00M |
| Sales of Investments | - | - | $253.00M | $290.00M |
| Investing Cash Flow | - | - | $-20.00M | $-24.00M |
| Stock Issued | - | - | $78.00M | $84.00M |
| Stock Repurchased | - | - | $54.00M | $56.00M |
| Financing Cash Flow | - | - | $70.00M | $7.00M |
| Net Change in Cash | - | - | $520.00M | $197.00M |
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.