$2.20B
Revenue
$529.72M
Net Income
91.18%
Gross Margin
20.07%
Op. Margin
$810.77M
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 | $725.61M | $584.91M | $499.63M | $392.36M | $427.71M | $348.35M | $281.18M |
| Revenue Growth % (YoY) | 69.7% | 67.9% | 77.7% | nan% | nan% | nan% | nan% |
| Cost of Revenue | $58.72M | $52.51M | $45.90M | $37.09M | $31.84M | $34.63M | $29.50M |
| Gross Profit | $666.89M | $532.40M | $453.73M | $355.27M | $395.86M | $313.72M | $251.68M |
| Gross Margin % | 91.9% | 91.0% | 90.8% | 90.5% | 92.6% | 90.1% | 89.5% |
| Operating Expenses | $493.78M | $446.37M | $431.92M | $388.46M | $374.83M | $341.50M | $312.22M |
| Research & Development | $198.88M | $196.38M | $196.61M | $191.27M | $188.64M | $166.70M | $142.78M |
| Operating Income | $231.83M | $138.54M | $67.71M | $3.90M | $52.87M | $6.85M | $-31.04M |
| Operating Margin % | 31.9% | 23.7% | 13.6% | 1.0% | 12.4% | 2.0% | -11.0% |
| Other Income/Expense | $22.99M | $22.04M | $21.15M | $20.53M | $17.11M | $22.97M | $20.72M |
| Income Before Tax | $254.82M | $160.58M | $88.86M | $24.44M | $69.99M | $29.82M | $-10.31M |
| Income Tax Expense | $3.21M | $-2.09M | $-439.00K | $-1.72M | $-1.05M | $-31.00K | $-216.00K |
| Net Income | $251.60M | $162.66M | $89.30M | $26.16M | $71.04M | $29.85M | $-10.10M |
| Net Margin % | 34.7% | 27.8% | 17.9% | 6.7% | 16.6% | 8.6% | -3.6% |
| Basic EPS | 1.34 | 0.87 | 0.48 | 0.14 | 0.79 | 0.18 | -0.06 |
| Diluted EPS | 1.24 | 0.80 | 0.45 | 0.13 | 0.79 | 0.16 | -0.06 |
| Basic Shares Outstanding | - | 188.0M | 185.4M | 182.0M | 10.7M | 169.2M | 164.4M |
| Diluted Shares Outstanding | - | 202.7M | 199.5M | 201.3M | 10.7M | 192.3M | 164.4M |
| 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 | $953.57M | $911.65M | $734.06M | $635.73M | $562.09M | $515.89M | $467.95M |
| Accounts Receivable | $590.16M | $487.63M | $407.23M | $326.13M | $349.53M | $283.89M | $240.09M |
| Other Current Assets | $69.01M | $56.12M | $62.76M | $51.40M | $33.06M | $31.97M | $41.60M |
| Total Current Assets | $3.14B | $2.77B | $2.53B | $2.33B | $2.22B | $2.06B | $1.98B |
| Property Plant & Equipment | $12.71M | $12.94M | $11.39M | $11.61M | $12.65M | $13.78M | $14.17M |
| Goodwill | $42.17M | $42.17M | $42.17M | $42.17M | $42.17M | $42.17M | $26.30M |
| Intangible Assets | $15.52M | $18.00M | $20.47M | $22.94M | $25.42M | $27.90M | $27.77M |
| Other Non-current Assets | $11.99M | $11.22M | $6.12M | $8.22M | $9.70M | $3.15M | $2.27M |
| Total Assets | $3.24B | $2.88B | $2.63B | $2.44B | $2.34B | $2.17B | $2.08B |
| Accounts Payable | $62.93M | $73.05M | $63.94M | $43.87M | $45.42M | $62.04M | $64.33M |
| Accrued Liabilities | $201.33M | $148.40M | $140.32M | $136.57M | $124.46M | $104.84M | $89.82M |
| Deferred Revenue | $18.04M | - | - | - | $14.80M | - | - |
| Other Current Liabilities | $16.36M | - | - | - | $7.46M | - | - |
| Total Current Liabilities | $271.28M | $228.32M | $210.83M | $186.82M | $176.02M | $172.28M | $159.51M |
| Other Non-current Liabilities | $22.66M | $19.23M | $15.78M | $12.91M | $9.26M | $249.00K | $255.00K |
| Total Liabilities | $310.13M | $265.71M | $245.22M | $219.90M | $205.85M | $194.10M | $182.53M |
| Retained Earnings | $-671.12M | $-922.72M | $-1.09B | $-1.17B | $-1.20B | $-1.27B | $-1.30B |
| Total Stockholders Equity | $2.93B | $2.61B | $2.39B | $2.22B | $2.13B | $1.98B | $1.89B |
| Total Liabilities & Equity | $3.24B | $2.88B | $2.63B | $2.44B | $2.34B | $2.17B | $2.08B |
| 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 | $251.60M | $162.66M | $115.45M | $26.16M | $71.04M | $-555.31M | $-585.16M |
| Depreciation & Amortization | $4.15M | $3.90M | $3.93M | $3.96M | $4.16M | $11.48M | $7.51M |
| Stock-based Compensation | $85.18M | $83.52M | $89.07M | $85.41M | $85.11M | $716.53M | $64.27M |
| Change in Receivables | $102.60M | $81.00M | $81.12M | $-23.36M | $65.37M | $44.11M | $-5.19M |
| Change in Payables | $-8.77M | $8.00M | $19.99M | $-1.05M | $-17.05M | $442.00K | $18.22M |
| Operating Cash Flow | $266.81M | $185.16M | $238.91M | $127.58M | $90.00M | $132.07M | $60.45M |
| Capital Expenditure | $3.16M | $2.06M | $1.48M | $979.00K | $842.00K | $1.35M | $4.05M |
| Acquisitions | - | - | - | - | - | $17.14M | - |
| Sales of Investments | $484.92M | $563.46M | $552.53M | $465.06M | $530.24M | $447.30M | $596.06M |
| Investing Cash Flow | $-205.82M | $16.51M | $-29.58M | $-27.50M | $-43.10M | $7.94M | $-519.64M |
| Financing Cash Flow | $-19.07M | $-24.08M | $-37.41M | $-26.49M | $-703.00K | $380.24M | $411.86M |
| Net Change in Cash | $41.92M | $177.59M | $171.92M | $73.58M | $46.20M | $47.94M | $66.78M |
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 | $584.91M | $348.35M | $1.48B | $872.50M |
| Cost of Revenue | $52.51M | $34.63M | $135.50M | $91.75M |
| Operating Expenses | $446.37M | $341.50M | $1.27B | $1.49B |
| Research & Development | $196.38M | $166.70M | $584.26M | $746.51M |
| Operating Income | $138.54M | $6.85M | $210.16M | $-613.44M |
| Other Income/Expense | $22.04M | $22.97M | $63.72M | $58.25M |
| Income Before Tax | $160.58M | $29.82M | $273.87M | $-555.19M |
| Income Tax Expense | $-2.09M | $-31.00K | $-4.25M | $118.00K |
| Net Income | $162.66M | $29.85M | $278.12M | $-555.31M |
| Basic EPS | 0.87 | 0.18 | 1.50 | -4.12 |
| Diluted EPS | 0.80 | 0.16 | 1.38 | -4.12 |
| Basic Shares Outstanding | $188.04M | $169.17M | $185.18M | $134.72M |
| Diluted Shares Outstanding | $202.73M | $192.32M | $201.66M | $134.72M |
Condensed Consolidated Balance Sheets
| Description | Sep 30, 2025 | Dec 31, 2024 |
|---|---|---|
| Cash & Cash Equivalents | $911.65M | $562.09M |
| Accounts Receivable | $487.63M | $349.53M |
| Other Current Assets | $56.12M | $33.06M |
| Total Current Assets | $2.77B | $2.22B |
| Property Plant & Equipment | $12.94M | $12.65M |
| Goodwill | $42.17M | $42.17M |
| Intangible Assets | $18.00M | $25.42M |
| Other Non-current Assets | $11.22M | $9.70M |
| Total Assets | $2.88B | $2.34B |
| Accounts Payable | $73.05M | $45.42M |
| Accrued Liabilities | $148.40M | $124.46M |
| Total Current Liabilities | $228.32M | $176.02M |
| Other Non-current Liabilities | $19.23M | $9.26M |
| Total Liabilities | $265.71M | $205.85M |
| Retained Earnings | $-922.72M | $-1.20B |
| Total Stockholders Equity | $2.61B | $2.13B |
| Total Liabilities & Equity | $2.88B | $2.34B |
Condensed Consolidated Statements of Cash Flows
| Description | Sep 30, 2025 | Sep 30, 2025 | ||
|---|---|---|---|---|
| Current | Prior Year | Current YTD | Prior Year YTD | |
| Net Income | $162.66M | $29.85M | $278.12M | $-555.31M |
| Depreciation & Amortization | $3.90M | $3.97M | $11.80M | $11.48M |
| Stock-based Compensation | $83.52M | $74.76M | $258.00M | $716.53M |
| Change in Receivables | $81.00M | $44.11M | $138.75M | $38.91M |
| Change in Payables | $8.00M | $442.00K | $26.94M | $16.48M |
| Operating Cash Flow | $185.16M | $71.62M | $424.07M | $132.07M |
| Capital Expenditure | $2.06M | $1.35M | $3.54M | $5.41M |
| Acquisitions | - | $17.14M | - | $17.14M |
| Sales of Investments | $563.46M | $447.30M | $1.58B | $1.04B |
| Investing Cash Flow | $16.51M | $7.94M | $-13.06M | $-397.59M |
| Financing Cash Flow | $-24.08M | $-31.62M | $-61.49M | $380.24M |
| Net Change in Cash | $177.59M | $47.94M | $349.51M | $114.72M |
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.