$2.35B
Revenue
$128.37M
Net Income
73.84%
Gross Margin
4.50%
Op. Margin
$499.07M
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 | $2.35B | $2.35B | $1.48B | $872.00M | $526.92M | $271.88M |
| Revenue Growth % | 0.0% | 59.0% | 69.3% | 65.5% | 93.8% | nan% |
| Cost of Revenue | $614.26M | $614.26M | $303.38M | $157.05M | $118.19M | $67.38M |
| Gross Profit | $1.73B | $1.73B | $1.17B | $714.95M | $408.72M | $204.49M |
| Gross Margin % | 73.8% | 73.8% | 79.5% | 82.0% | 77.6% | 75.2% |
| Operating Expenses | $1.63B | $1.63B | $1.11B | $744.40M | $477.42M | $319.54M |
| Selling General & Admin | - | - | - | - | - | $183.63M |
| Operating Income | $105.61M | $105.61M | $61.90M | $-29.45M | $-68.70M | $-115.04M |
| Operating Margin % | 4.5% | 4.5% | 4.2% | -3.4% | -13.0% | -42.3% |
| Interest Expense | - | - | - | - | - | - |
| Other Income/Expense | $23.13M | $23.13M | $9.81M | $8.96M | $2.92M | $445.00K |
| Income Before Tax | $123.92M | $123.92M | $71.71M | $-21.57M | $-65.71M | $-110.80M |
| Income Tax Expense | $-4.44M | $-4.44M | $-54.33M | $1.98M | $-31.00K | $-3.14M |
| Net Income | $128.37M | $128.37M | $126.04M | $-23.55M | $-65.68M | $-107.66M |
| Net Margin % | 5.5% | 5.5% | 8.5% | -2.7% | -12.5% | -39.6% |
| Basic EPS | 0.57 | 0.57 | 0.58 | -0.11 | -0.32 | -0.58 |
| Diluted EPS | 0.51 | 0.51 | 0.53 | -0.11 | -0.32 | -0.58 |
| Basic Shares Outstanding | - | 225.0M | 215.9M | 209.3M | 204.5M | 186.8M |
| Diluted Shares Outstanding | - | 258.2M | 236.8M | 209.3M | 204.5M | 186.8M |
| 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 | $228.62M | $220.58M | $96.66M | $46.77M | $71.78M |
| Accounts Receivable | $32.10M | $6.10M | - | - | - |
| Inventory | $80.13M | $64.43M | $22.46M | $21.56M | $13.56M |
| Other Current Assets | $4.37M | $400.00K | $21.61M | $15.41M | $9.07M |
| Total Current Assets | $767.64M | $395.83M | $265.05M | $216.59M | $269.90M |
| Goodwill | $278.32M | $112.73M | $110.88M | $110.88M | $110.88M |
| Intangible Assets | $196.12M | $43.41M | $18.57M | $21.84M | $25.89M |
| Other Non-current Assets | $29.68M | $147.00K | $91.00K | $11.23M | $7.94M |
| Total Assets | $2.15B | $707.54M | $441.19M | $366.34M | $420.58M |
| Accounts Payable | $143.28M | $91.18M | $43.07M | $32.36M | $19.64M |
| Accrued Liabilities | $78.52M | $53.01M | $28.97M | $12.45M | $12.19M |
| Deferred Revenue | $127.16M | $75.28M | $7.73M | $1.47M | $3.19M |
| Total Current Liabilities | $404.43M | $221.37M | $88.47M | $47.94M | $79.22M |
| Deferred Tax Liabilities | $28.86M | - | - | - | - |
| Other Non-current Liabilities | $11.73M | - | $22.00K | $35.00K | $629.00K |
| Total Liabilities | $1.61B | $230.82M | $97.16M | $54.60M | $85.97M |
| Common Stock | $23.00K | $22.00K | $21.00K | $21.00K | $20.00K |
| Retained Earnings | $-113.77M | $-242.14M | $-368.18M | $-344.63M | $-278.95M |
| Total Stockholders Equity | $540.93M | $476.72M | $344.03M | $311.74M | $334.62M |
| Total Liabilities & Equity | $2.15B | $707.54M | $441.19M | $366.34M | $420.58M |
| 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 | $128.37M | $128.37M | $126.04M | $-23.55M | $-65.68M | $-107.66M |
| Depreciation & Amortization | $81.52M | $54.50M | $17.09M | $9.52M | $7.47M | $4.08M |
| Stock-based Compensation | $220.69M | $135.24M | $92.32M | $66.08M | $42.82M | $67.21M |
| Deferred Income Tax | $-24.20M | $-12.96M | $-61.65M | $-13.00K | $-594.00K | $-3.39M |
| Change in Inventory | $102.76M | $13.72M | $41.61M | $902.00K | $8.00M | $9.63M |
| Change in Payables | $49.92M | $30.30M | $43.71M | $7.32M | $12.72M | $9.85M |
| Operating Cash Flow | $499.07M | $300.01M | $251.08M | $73.48M | $-26.53M | $-34.41M |
| Capital Expenditure | - | $242.60M | $52.80M | $26.50M | - | - |
| Acquisitions | $155.43M | $145.23M | $15.40M | - | - | $46.47M |
| Sales of Investments | $200.61M | $108.70M | $208.94M | $170.05M | $194.26M | $158.38M |
| Investing Cash Flow | $-1.11B | $-1.02B | $-19.05M | $-12.11M | $34.70M | $-156.27M |
| Debt Repayment | - | - | - | - | - | - |
| Stock Repurchased | $89.96M | $89.96M | $83.04M | $2.00M | - | $22.03M |
| Financing Cash Flow | $1.57B | $729.62M | $-107.84M | $-11.47M | $-33.13M | $235.04M |
| Net Change in Cash | $964.21M | $7.18M | $123.92M | $49.89M | $-25.01M | $44.29M |
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 | $598.98M | - | $1.73B | - |
| Cost of Revenue | $156.92M | - | $440.88M | - |
| Gross Profit | $442.06M | - | $1.29B | - |
| Operating Expenses | $430.25M | - | $1.19B | - |
| Operating Income | $11.81M | - | $96.43M | - |
| Other Income/Expense | $8.04M | - | $16.77M | - |
| Income Before Tax | $12.22M | - | $105.57M | - |
| Income Tax Expense | $-3.55M | - | $-2.19M | - |
| Net Income | $15.77M | $13.30M | $107.76M | - |
| Basic EPS | 0.07 | - | 0.48 | - |
| Diluted EPS | 0.06 | - | 0.43 | - |
| Basic Shares Outstanding | $226.35M | - | $224.25M | - |
| Diluted Shares Outstanding | $248.68M | - | $255.55M | - |
Condensed Consolidated Balance Sheets
| Description | Sep 30, 2025 | Dec 31, 2024 |
|---|---|---|
| Cash & Cash Equivalents | $345.78M | $220.58M |
| Inventory | $105.99M | $64.43M |
| Other Current Assets | $109.53M | $31.15M |
| Total Current Assets | $845.26M | $395.83M |
| Goodwill | $259.24M | $112.73M |
| Intangible Assets | $194.93M | $43.41M |
| Long-term Investments | $438.34M | - |
| Other Non-current Assets | $3.88M | $147.00K |
| Total Assets | $2.23B | $707.54M |
| Accounts Payable | $198.41M | $91.18M |
| Accrued Liabilities | $80.13M | $53.01M |
| Deferred Revenue | $118.46M | $75.28M |
| Total Current Liabilities | $450.79M | $221.37M |
| Deferred Tax Liabilities | $31.21M | - |
| Other Non-current Liabilities | $6.11M | - |
| Total Liabilities | $1.65B | $230.82M |
| Common Stock | $23.00K | $22.00K |
| Retained Earnings | $-134.37M | $-242.14M |
| Total Stockholders Equity | $580.98M | $476.72M |
| Total Liabilities & Equity | $2.23B | $707.54M |
Condensed Consolidated Statements of Cash Flows
| Description | Sep 30, 2025 | Sep 30, 2025 | ||
|---|---|---|---|---|
| Current | Prior Year | Current YTD | Prior Year YTD | |
| Net Income | $15.77M | $13.30M | $107.76M | - |
| Depreciation & Amortization | - | - | $36.41M | - |
| Stock-based Compensation | - | - | $100.76M | - |
| Deferred Income Tax | - | - | $-9.48M | - |
| Change in Inventory | - | - | $40.10M | - |
| Change in Payables | - | - | $76.10M | - |
| Operating Cash Flow | - | - | $238.69M | - |
| Acquisitions | - | - | $121.77M | - |
| Sales of Investments | - | - | $72.76M | - |
| Investing Cash Flow | - | - | $-941.28M | - |
| Stock Repurchased | - | - | $9.48M | - |
| Financing Cash Flow | - | - | $827.14M | - |
| Net Change in Cash | - | - | $124.34M | - |
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.