$70.92M
Revenue
$-341.94M
Net Income
-
Gross Margin
-
Op. Margin
$-1.79B
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) |
FY 2019 (Dec 31, 2019) |
|---|---|---|---|---|---|---|---|
| Total Revenue | $70.92M | $70.92M | $4.42M | - | $13.82M | $12.40M | - |
| Revenue Growth % | 0.0% | 1505.2% | nan% | -100.0% | 11.4% | nan% | - |
| Cost of Revenue | - | $36.55M | - | - | $6.71M | $7.56M | - |
| Gross Profit | - | - | - | - | $7.11M | $4.84M | - |
| Gross Margin % | nan% | nan% | nan% | nan% | 51.4% | 39.0% | - |
| Operating Expenses | $358.63M | $358.63M | $247.18M | $222.37M | $152.88M | $91.59M | - |
| Research & Development | $28.11M | $28.11M | $28.78M | $47.49M | $45.62M | $23.44M | - |
| Interest Expense | $36.50M | $31.80M | $18.70M | $4.50M | $224.00K | $13.00K | - |
| Other Income/Expense | $-169.40M | $-169.40M | $-282.24M | $1.37M | $43.27M | $13.82M | - |
| Income Before Tax | $-457.11M | $-457.11M | $-525.00M | $-221.00M | $-102.50M | $-72.93M | - |
| Income Tax Expense | $3.90M | $3.90M | $1.33M | $1.68M | $617.00K | $331.00K | - |
| Net Income | $-341.94M | $-341.94M | $-300.08M | $-87.56M | $-31.64M | $-30.55M | - |
| Net Margin % | -482.2% | -482.2% | -6792.3% | nan% | -228.9% | -246.3% | - |
| Basic Shares Outstanding | - | 256.0M | 154.5M | 81.8M | - | - | - |
| Diluted Shares Outstanding | - | 256.0M | 154.5M | 81.8M | - | - | - |
| 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) |
FY 2019 (Dec 31, 2019) |
|---|---|---|---|---|---|---|
| Cash & Cash Equivalents | $2.34B | $564.99M | $85.62M | $238.59M | $321.79M | $493.13K |
| Short-term Investments | $2.00B | $510.40M | - | - | - | - |
| Accounts Receivable | $37.73M | $1.40M | - | - | $2.17M | - |
| Inventory | $12.01M | $1.06M | - | - | $1.41M | - |
| Other Current Assets | $60.26M | $24.82M | $14.19M | $24.95M | $4.47M | - |
| Total Current Assets | $2.46B | $600.25M | $106.88M | $268.31M | $335.80M | $624.35K |
| Property Plant & Equipment | $1.40B | $337.67M | $238.48M | $145.99M | $95.94M | - |
| Goodwill | - | - | - | - | $3.64M | $3.59M |
| Intangible Assets | - | - | - | - | $242.00K | - |
| Long-term Investments | - | - | - | - | - | $231.21M |
| Other Non-current Assets | - | - | - | $24.07M | $12.19M | - |
| Total Assets | $5.01B | $954.56M | $360.89M | $438.37M | $443.94M | $231.84M |
| Accounts Payable | $46.76M | $17.00M | $20.57M | $13.93M | $6.64M | - |
| Accrued Liabilities | $12.73M | $296.00K | - | - | - | - |
| Deferred Revenue | $19.89M | $41.97M | - | - | $6.64M | - |
| Total Current Liabilities | $150.34M | $75.94M | $46.22M | $27.80M | $21.38M | $265.82K |
| Long-term Debt | $2.21B | $155.57M | $59.25M | $4.76M | $5.00M | - |
| Other Non-current Liabilities | $32.09M | - | - | - | - | - |
| Total Liabilities | $2.62B | $285.42M | $147.33M | $78.55M | $91.96M | $8.32M |
| Retained Earnings | $-831.68M | $-489.75M | $-189.66M | $-102.10M | $-70.46M | $655.68K |
| Total Stockholders Equity | $2.39B | $669.15M | $213.56M | $359.83M | $351.97M | $5.00M |
| Total Liabilities & Equity | $5.01B | $954.56M | $360.89M | $438.37M | $443.94M | $231.84M |
| 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) |
FY 2019 (Dec 31, 2019) |
|---|---|---|---|---|---|---|---|
| Net Income | $-341.94M | $-341.94M | $-300.08M | $-87.56M | $-31.64M | $-30.55M | - |
| Depreciation & Amortization | $84.75M | $51.11M | $63.34M | $54.47M | $4.71M | $2.91M | - |
| Stock-based Compensation | $73.67M | $47.49M | $32.04M | $13.29M | $9.39M | $3.74M | - |
| Deferred Income Tax | - | $-2.56M | $-669.00K | $-895.00K | - | - | - |
| Change in Receivables | - | $36.33M | - | - | $1.99M | $220.00K | - |
| Change in Inventory | - | $10.95M | - | - | $2.46M | $-1.04M | - |
| Operating Cash Flow | $-172.09M | $-71.52M | $-126.14M | $-148.94M | $-156.46M | $-80.09M | - |
| Capital Expenditure | $1.62B | $1.06B | $174.13M | $118.81M | $30.32M | $15.08M | - |
| Investing Cash Flow | $-2.09B | $-1.54B | $-174.13M | $-118.81M | $-31.35M | $-54.79M | - |
| Debt Repayment | $6.11M | $5.12M | $48.75M | $242.00K | - | - | - |
| Stock Issued | $1.81B | $1.30B | $551.95M | $63.77M | $102.02M | - | - |
| Financing Cash Flow | $5.16B | $3.83B | $779.97M | $116.73M | $102.34M | $416.94M | - |
| Net Change in Cash | $2.89B | $2.21B | $479.44M | $-151.16M | $-85.28M | $281.76M | - |
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 | $14.74M | $1.10M | $16.61M | $2.50M |
| Cost of Revenue | $5.51M | - | $5.80M | - |
| Operating Expenses | $94.42M | $66.65M | $232.05M | $186.54M |
| Research & Development | $5.53M | $14.72M | $19.06M | $23.43M |
| Interest Expense | - | - | $4.21M | $6.69M |
| Other Income/Expense | $-83.78M | $-236.89M | $-146.64M | $-289.02M |
| Income Before Tax | $-163.45M | $-302.43M | $-362.07M | $-473.06M |
| Income Tax Expense | $374.00K | $646.00K | $1.28M | $1.17M |
| Net Income | $-122.87M | $-171.95M | $-267.97M | $-264.23M |
| Basic Shares Outstanding | $272.83M | $155.64M | $246.49M | $139.49M |
| Diluted Shares Outstanding | $272.83M | $155.64M | $246.49M | $139.49M |
Condensed Consolidated Balance Sheets
| Description | Sep 30, 2025 | Dec 31, 2024 |
|---|---|---|
| Cash & Cash Equivalents | $1.20B | $564.99M |
| Accounts Receivable | $11.49M | $1.40M |
| Inventory | $10.88M | $1.06M |
| Other Current Assets | $25.24M | $22.36M |
| Total Current Assets | $1.28B | $600.25M |
| Property Plant & Equipment | $1.01B | $337.67M |
| Total Assets | $2.55B | $954.56M |
| Accounts Payable | $50.71M | $17.00M |
| Deferred Revenue | $23.07M | $41.97M |
| Total Current Liabilities | $133.57M | $75.94M |
| Long-term Debt | $697.63M | $155.57M |
| Other Non-current Liabilities | $31.80M | - |
| Total Liabilities | $924.88M | $285.42M |
| Retained Earnings | $-757.72M | $-489.75M |
| Total Stockholders Equity | $1.63B | $669.15M |
| Total Liabilities & Equity | $2.55B | $954.56M |
Condensed Consolidated Statements of Cash Flows
| Description | Sep 30, 2025 | Sep 30, 2025 | ||
|---|---|---|---|---|
| Current | Prior Year | Current YTD | Prior Year YTD | |
| Net Income | $-122.87M | $-171.95M | $-267.97M | $-264.23M |
| Depreciation & Amortization | $12.72M | $14.54M | $35.39M | $54.88M |
| Stock-based Compensation | - | - | $32.34M | $20.62M |
| Change in Receivables | - | - | $10.09M | - |
| Change in Inventory | - | - | $9.82M | $861.00K |
| Operating Cash Flow | - | - | $-136.49M | $-97.70M |
| Capital Expenditure | - | - | $669.04M | $92.09M |
| Investing Cash Flow | - | - | $-697.01M | $-92.09M |
| Debt Repayment | - | - | $2.94M | $187.00K |
| Stock Issued | - | - | $576.62M | $338.91M |
| Financing Cash Flow | - | - | $1.49B | $620.43M |
| Net Change in Cash | - | - | $652.59M | $430.79M |
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.