$605.49M
Revenue
$190.29M
Net Income
59.92%
Gross Margin
17.93%
Op. Margin
$156.34M
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 | $605.49M | $605.49M | $441.54M | $241.62M | $93.46M | $30.26M |
| Revenue Growth % | 0.0% | 37.1% | 82.7% | 158.5% | 208.8% | nan% |
| Cost of Revenue | $242.69M | $242.69M | $179.46M | $87.53M | $28.19M | $9.10M |
| Gross Profit | $362.81M | $362.81M | $262.08M | $154.09M | $65.27M | $21.16M |
| Gross Margin % | 59.9% | 59.9% | 59.4% | 63.8% | 69.8% | 69.9% |
| Operating Expenses | $254.22M | $254.22M | $224.59M | $182.82M | $96.71M | $60.59M |
| Research & Development | $69.06M | $69.06M | $55.97M | $36.05M | $26.81M | $22.30M |
| Selling General & Admin | $185.17M | $185.17M | $168.62M | $119.55M | $69.90M | $38.28M |
| Operating Income | $108.58M | $108.58M | $37.50M | $-28.73M | $-31.44M | $-39.43M |
| Operating Margin % | 17.9% | 17.9% | 8.5% | -11.9% | -33.6% | -130.3% |
| Interest Expense | $10.70M | $10.70M | $11.30M | $10.79M | $3.73M | $3.87M |
| Other Income/Expense | $-1.06M | $-1.06M | $-1.72M | $12.85M | $-1.00M | $-877.00K |
| Income Before Tax | $107.52M | $107.52M | $35.78M | $-26.67M | $-36.16M | $-44.18M |
| Income Tax Expense | $-82.77M | $-82.77M | $316.00K | $-1.64M | $66.00K | - |
| Net Income | $190.29M | $190.29M | $35.46M | $-25.03M | $-36.23M | $-44.22M |
| Net Margin % | 31.4% | 31.4% | 8.0% | -10.4% | -38.8% | -146.1% |
| Basic EPS | 5.60 | 5.60 | 1.07 | -0.77 | -1.23 | -1.60 |
| Diluted EPS | 4.87 | 4.87 | 1.01 | -0.77 | -1.23 | -1.60 |
| Basic Shares Outstanding | - | 34.0M | 33.2M | 32.5M | 29.6M | 27.6M |
| Diluted Shares Outstanding | - | 40.5M | 35.2M | 32.5M | 29.6M | 27.6M |
| 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 | $488.37M | $336.65M | $394.81M | $201.18M | $25.58M |
| Short-term Investments | - | - | - | - | $66.87M |
| Accounts Receivable | $84.28M | $97.72M | $63.58M | $27.61M | $5.93M |
| Inventory | $48.88M | $46.55M | $44.23M | $20.61M | $14.86M |
| Other Current Assets | $16.25M | $16.29M | $8.03M | $2.90M | $5.46M |
| Total Current Assets | $637.78M | $497.22M | $510.65M | $252.29M | $118.70M |
| Property Plant & Equipment | $327.66M | $285.97M | $173.94M | $19.22M | $9.84M |
| Goodwill | $11.55M | $11.55M | $11.99M | - | - |
| Intangible Assets | $1.95M | $2.15M | $2.35M | - | - |
| Other Non-current Assets | $239.00K | $208.00K | $62.00K | - | - |
| Total Assets | $1.07B | $804.08M | $706.05M | $277.15M | $134.89M |
| Accounts Payable | $10.35M | $10.29M | $12.72M | $3.34M | $6.65M |
| Deferred Revenue | $2.90M | $1.74M | $1.96M | $241.00K | $250.00K |
| Total Current Liabilities | $89.31M | $59.91M | $54.93M | $23.66M | $23.24M |
| Long-term Debt | - | - | - | $58.70M | $35.20M |
| Total Liabilities | $595.27M | $575.47M | $568.85M | $89.77M | $67.04M |
| Common Stock | $750.93M | $697.21M | $641.11M | $666.28M | $510.49M |
| Retained Earnings | $-277.95M | $-468.24M | $-503.70M | $-478.68M | $-442.45M |
| Total Stockholders Equity | $473.10M | $228.60M | $137.20M | $187.38M | $67.85M |
| Total Liabilities & Equity | $1.07B | $804.08M | $706.05M | $277.15M | $134.89M |
| 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 | $190.29M | $190.29M | $35.46M | $-25.03M | $-36.23M | $-44.22M |
| Depreciation & Amortization | $46.19M | $27.18M | $19.76M | $8.18M | $3.48M | $1.82M |
| Stock-based Compensation | $64.15M | $36.86M | $33.22M | $19.79M | $10.32M | $6.88M |
| Deferred Income Tax | - | $-83.54M | - | $-1.66M | - | - |
| Change in Receivables | $36.80M | $-13.95M | $34.31M | $33.82M | $21.68M | $-840.00K |
| Change in Inventory | $-4.00K | $7.72M | $8.35M | $28.09M | $8.02M | $4.89M |
| Change in Payables | $352.00K | $-19.00K | $-1.40M | $6.96M | $-3.27M | $5.09M |
| Operating Cash Flow | $278.74M | $192.84M | $48.80M | $-13.03M | $-45.82M | $-28.86M |
| Capital Expenditure | $122.40M | $59.25M | $129.74M | $151.85M | $11.91M | $3.52M |
| Purchases of Investments | - | - | - | - | $10.50M | $72.02M |
| Investing Cash Flow | $-122.40M | $-59.25M | $-129.30M | $-193.95M | $54.51M | $29.27M |
| Debt Repayment | - | - | - | - | $36.05M | - |
| Financing Cash Flow | $30.00M | $16.86M | $22.87M | $400.42M | $167.93M | $1.39M |
| Net Change in Cash | $189.13M | $151.72M | $-58.16M | $193.63M | $175.60M | $999.00K |
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 | $143.82M | - | $444.73M | - |
| Cost of Revenue | $59.25M | - | $175.34M | - |
| Gross Profit | $84.58M | - | $269.39M | - |
| Operating Expenses | $61.27M | - | $182.08M | - |
| Research & Development | $15.26M | - | $48.35M | - |
| Selling General & Admin | $46.02M | - | $133.73M | - |
| Operating Income | $23.30M | - | $87.31M | - |
| Interest Expense | $3.49M | - | $10.43M | - |
| Other Income/Expense | $-269.00K | - | $-1.42M | - |
| Income Before Tax | $23.03M | - | $85.89M | - |
| Income Tax Expense | $-1.29M | - | $981.00K | - |
| Net Income | $24.32M | $12.19M | $84.91M | - |
| Basic EPS | 0.71 | - | 2.50 | - |
| Diluted EPS | 0.66 | - | 2.28 | - |
| Basic Shares Outstanding | $34.11M | - | $33.92M | - |
| Diluted Shares Outstanding | $40.75M | - | $40.41M | - |
Condensed Consolidated Balance Sheets
| Description | Sep 30, 2025 | Dec 31, 2024 |
|---|---|---|
| Cash & Cash Equivalents | $466.17M | $336.65M |
| Accounts Receivable | $80.70M | $97.72M |
| Inventory | $44.51M | $46.55M |
| Other Current Assets | $21.61M | $16.29M |
| Total Current Assets | $613.00M | $497.22M |
| Property Plant & Equipment | $313.02M | $285.97M |
| Goodwill | $11.55M | $11.55M |
| Intangible Assets | $2.00M | $2.15M |
| Other Non-current Assets | $226.00K | $208.00K |
| Total Assets | $946.03M | $804.08M |
| Accounts Payable | $12.16M | $10.29M |
| Deferred Revenue | $3.31M | $1.74M |
| Total Current Liabilities | $79.72M | $59.91M |
| Total Liabilities | $590.83M | $575.47M |
| Common Stock | $738.43M | $697.21M |
| Retained Earnings | $-383.33M | $-468.24M |
| Total Stockholders Equity | $355.20M | $228.60M |
| Total Liabilities & Equity | $946.03M | $804.08M |
Condensed Consolidated Statements of Cash Flows
| Description | Sep 30, 2025 | Sep 30, 2025 | ||
|---|---|---|---|---|
| Current | Prior Year | Current YTD | Prior Year YTD | |
| Net Income | $24.32M | $12.19M | $84.91M | - |
| Depreciation & Amortization | - | - | $19.72M | - |
| Stock-based Compensation | - | - | $27.47M | - |
| Change in Receivables | - | - | $-17.53M | - |
| Change in Inventory | - | - | $1.19M | - |
| Change in Payables | - | - | $2.04M | - |
| Operating Cash Flow | - | - | $158.33M | - |
| Capital Expenditure | - | - | $43.74M | - |
| Investing Cash Flow | - | - | $-43.74M | - |
| Financing Cash Flow | - | - | $13.76M | - |
| Net Change in Cash | - | - | $129.52M | - |
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.