$2.02B
Revenue
$-87.14M
Net Income
29.02%
Gross Margin
3.60%
Op. Margin
$-413.05M
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 | $2.02B | $2.02B | $1.47B | $1.33B | $1.20B | $972.18M |
| Revenue Growth % | 0.0% | 37.3% | 10.5% | 11.2% | 23.3% | nan% |
| Cost of Revenue | $1.44B | $1.44B | $1.07B | $1.14B | $1.05B | $774.60M |
| Gross Profit | $587.40M | $587.40M | $404.65M | $197.79M | $148.29M | $197.58M |
| Gross Margin % | 29.0% | 29.0% | 27.5% | 14.8% | 12.4% | 20.3% |
| Operating Expenses | $514.60M | $514.60M | $381.74M | $406.70M | $409.28M | $312.08M |
| Research & Development | $185.99M | $185.99M | $148.63M | $155.87M | $150.61M | $103.40M |
| Operating Income | $72.80M | $72.80M | $22.91M | $-208.91M | $-260.99M | $-114.50M |
| Operating Margin % | 3.6% | 3.6% | 1.6% | -15.7% | -21.8% | -11.8% |
| Interest Expense | $57.55M | $38.10M | $37.20M | $108.30M | $53.49M | $69.03M |
| Other Income/Expense | $2.15M | $2.15M | $15.90M | $-2.79M | $5.00M | $-8.14M |
| Income Before Tax | $-84.40M | $-84.40M | $-26.36M | $-306.04M | $-313.99M | $-192.32M |
| Income Tax Expense | $2.74M | $2.74M | $846.00K | $1.89M | $1.10M | $1.05M |
| Net Income | $-87.14M | $-87.14M | $-27.20M | $-307.94M | $-315.09M | $-164.44M |
| Net Margin % | -4.3% | -4.3% | -1.8% | -23.1% | -26.3% | -16.9% |
| Basic EPS | 279.35 | -0.37 | -0.13 | -1.42 | -1.62 | -0.95 |
| Diluted EPS | 279.35 | -0.37 | -0.13 | -1.42 | -1.62 | -0.95 |
| Basic Shares Outstanding | - | 240.4M | 227.4M | 212.7M | 185.9M | 173.4M |
| Diluted Shares Outstanding | - | 240.4M | 227.4M | 212.7M | 185.9M | 173.4M |
| 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 | $2.45B | $802.85M | $664.59M | $348.50M | $396.04M |
| Accounts Receivable | $371.80M | $335.84M | $340.74M | $251.00M | $87.79M |
| Inventory | $643.31M | $544.66M | $502.51M | $268.39M | $143.37M |
| Other Current Assets | $49.80M | $46.20M | $51.15M | $43.64M | $30.66M |
| Total Current Assets | $3.73B | $2.04B | $1.69B | $1.06B | $806.42M |
| Goodwill | - | - | - | - | $1.96M |
| Other Non-current Assets | $57.20M | $46.14M | $50.21M | $40.20M | $41.07M |
| Total Assets | $4.40B | $2.66B | $2.41B | $1.95B | $1.73B |
| Accounts Payable | $203.13M | $92.70M | $132.08M | $161.77M | $72.97M |
| Short-term Debt | $4.20M | $114.40M | - | - | - |
| Other Current Liabilities | $222.25M | $138.45M | $130.88M | $144.18M | $114.14M |
| Total Current Liabilities | $623.83M | $636.76M | $470.42M | $541.95M | $342.48M |
| Long-term Debt | $2.62B | $1.13B | - | - | - |
| Other Non-current Liabilities | $10.03M | $9.21M | $9.05M | $9.49M | $16.77M |
| Total Liabilities | $3.60B | $2.07B | $1.89B | $1.57B | $1.52B |
| Common Stock | $28.00K | $23.00K | $21.00K | $20.00K | $18.00K |
| Retained Earnings | $-3.99B | $-3.90B | $-3.87B | $-3.56B | $-3.26B |
| Total Stockholders Equity | $768.64M | $562.47M | $502.08M | $340.78M | $-44.33M |
| Total Liabilities & Equity | $4.40B | $2.66B | $2.41B | $1.95B | $1.73B |
| 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 | $-87.14M | $-87.14M | $-27.20M | $-307.94M | $-315.09M | $-164.44M |
| Deferred Income Tax | - | $108.00K | $-323.00K | $8.00K | - | - |
| Change in Receivables | $163.17M | $35.52M | $-7.13M | $89.89M | $162.86M | $-8.61M |
| Change in Inventory | $327.39M | $119.21M | $44.53M | $231.69M | $124.88M | $885.00K |
| Change in Payables | $216.26M | $110.91M | $-36.63M | $-29.08M | $86.50M | $13.02M |
| Operating Cash Flow | $-320.53M | $113.95M | $92.00M | $-372.53M | $-191.72M | $-60.68M |
| Capital Expenditure | $92.52M | $56.76M | $58.85M | $83.74M | $116.82M | $49.81M |
| Investing Cash Flow | $-128.76M | $-93.12M | $-58.78M | $-83.72M | $-116.82M | $-46.70M |
| Stock Issued | $74.45M | $59.12M | $12.37M | $16.95M | $15.28M | $89.79M |
| Dividends Paid | - | $947.00K | $1.47M | - | - | - |
| Financing Cash Flow | $1.51B | $1.51B | $175.21M | $683.35M | $211.36M | $306.38M |
| Net Change in Cash | $1.07B | $1.53B | $205.79M | $226.81M | $-96.75M | $198.40M |
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 | $519.05M | $330.40M | $1.25B | $901.46M |
| Cost of Revenue | $367.37M | $251.66M | $898.81M | $716.13M |
| Gross Profit | $151.68M | $78.73M | $347.50M | $185.33M |
| Operating Expenses | $143.83M | $88.39M | $362.23M | $267.13M |
| Research & Development | $48.72M | $36.31M | $130.10M | $109.16M |
| Operating Income | $7.85M | $-9.65M | $-14.73M | $-81.80M |
| Interest Expense | $14.39M | $16.76M | $30.58M | $34.55M |
| Other Income/Expense | $-1.36M | $5.82M | $3.06M | $3.67M |
| Income Before Tax | $-22.62M | $-14.52M | $-86.78M | $-131.90M |
| Income Tax Expense | $336.00K | $109.00K | $1.78M | $464.00K |
| Net Income | $-22.96M | $-14.63M | $-88.57M | $-132.36M |
| Basic EPS | -100.00 | -60.00 | -380.00 | -590.00 |
| Diluted EPS | -100.00 | -60.00 | -380.00 | -590.00 |
| Basic Shares Outstanding | $234.93M | $227.96M | $232.58M | $226.91M |
| Diluted Shares Outstanding | $234.93M | $227.96M | $232.58M | $226.91M |
Condensed Consolidated Balance Sheets
| Description | Sep 30, 2025 | Dec 31, 2024 |
|---|---|---|
| Cash & Cash Equivalents | $595.05M | $802.85M |
| Accounts Receivable | $411.65M | $335.84M |
| Inventory | $705.00M | $544.66M |
| Other Current Assets | $44.74M | $46.20M |
| Total Current Assets | $2.05B | $2.04B |
| Other Non-current Assets | $44.41M | $46.14M |
| Total Assets | $2.64B | $2.66B |
| Accounts Payable | $167.38M | $92.70M |
| Other Current Liabilities | $168.40M | $138.45M |
| Total Current Liabilities | $465.95M | $636.76M |
| Other Non-current Liabilities | $9.67M | $9.21M |
| Total Liabilities | $1.96B | $2.07B |
| Common Stock | $24.00K | $23.00K |
| Retained Earnings | $-3.99B | $-3.90B |
| Total Stockholders Equity | $653.07M | $562.47M |
| Total Liabilities & Equity | $2.64B | $2.66B |
Condensed Consolidated Statements of Cash Flows
| Description | Sep 30, 2025 | Sep 30, 2025 | ||
|---|---|---|---|---|
| Current | Prior Year | Current YTD | Prior Year YTD | |
| Net Income | $-22.96M | $-14.63M | $-88.57M | $-132.36M |
| Change in Receivables | - | - | $75.68M | $250.34M |
| Change in Inventory | - | - | $179.16M | $83.24M |
| Change in Payables | - | - | $76.17M | $-1.37M |
| Operating Cash Flow | - | - | $-304.12M | $-392.23M |
| Capital Expenditure | - | - | $33.80M | $47.75M |
| Investing Cash Flow | - | - | $-58.30M | $-47.71M |
| Stock Issued | - | - | $50.03M | $11.12M |
| Dividends Paid | - | - | $947.00K | $1.47M |
| Financing Cash Flow | - | - | $37.49M | $244.39M |
| Net Change in Cash | - | - | $-323.96M | $-196.03M |
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.