$70.92M
Revenue
$-341.94M
Net Income
-
Gross Margin
-
Op. Margin
$-1.79B
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 | $54.30M | $14.74M | $1.16M | $718.00K | $1.92M | $1.10M | $900.00K |
| Revenue Growth % (YoY) | 2731.3% | 1239.9% | 28.4% | nan% | nan% | nan% | nan% |
| Cost of Revenue | $30.74M | $5.51M | - | - | - | - | - |
| Gross Profit | $23.56M | $9.23M | - | - | $1.92M | - | - |
| Gross Margin % | 43.4% | 62.6% | nan% | nan% | 100.0% | nan% | nan% |
| Operating Expenses | $126.58M | $94.42M | $73.95M | $63.68M | $60.64M | $66.65M | $63.89M |
| Research & Development | $9.06M | $5.53M | $6.39M | $7.13M | $5.35M | $14.72M | $4.46M |
| Interest Expense | $27.59M | $4.21M | $813.00K | $3.89M | $12.01M | $6.69M | $4.42M |
| Other Income/Expense | $-22.76M | $-83.78M | $-62.36M | $-497.00K | $6.78M | $-236.89M | $-68.13M |
| Income Before Tax | $-95.04M | $-163.45M | $-135.16M | $-63.46M | $-51.94M | $-302.43M | $-131.12M |
| Income Tax Expense | $2.61M | $374.00K | $742.00K | $168.00K | $156.00K | $646.00K | $231.00K |
| Net Income | $-73.97M | $-122.87M | $-99.39M | $-45.71M | $-35.86M | $-171.95M | $-72.55M |
| Net Margin % | -136.2% | -833.7% | -8598.1% | -6365.7% | -1869.5% | -15631.5% | -8061.1% |
| Basic Shares Outstanding | - | 272.8M | 242.0M | - | - | - | - |
| Diluted Shares Outstanding | - | 272.8M | 242.0M | - | - | - | - |
| 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 | $2.34B | $1.20B | $923.65M | $873.78M | $564.99M | $516.39M | $285.08M |
| Short-term Investments | $2.00B | - | - | - | $510.40M | - | - |
| Accounts Receivable | $37.73M | $11.49M | - | - | $1.40M | - | - |
| Inventory | $12.01M | $10.88M | - | - | $1.06M | - | - |
| Other Current Assets | $60.26M | $25.24M | $23.59M | $14.02M | $24.82M | $19.66M | $20.23M |
| Total Current Assets | $2.46B | $1.28B | $973.22M | $894.61M | $600.25M | $545.62M | $315.16M |
| Property Plant & Equipment | $1.40B | $1.01B | $761.61M | $450.82M | $337.67M | $260.07M | $248.16M |
| Total Assets | $5.01B | $2.55B | $1.88B | $1.37B | $954.56M | $821.65M | $579.64M |
| Accounts Payable | $46.76M | $50.71M | $22.70M | $10.78M | $17.00M | $8.96M | $12.18M |
| Accrued Liabilities | $12.73M | - | - | - | $296.00K | - | - |
| Deferred Revenue | $19.89M | $23.07M | - | - | $41.97M | - | - |
| Total Current Liabilities | $150.34M | $133.57M | $118.32M | $84.22M | $75.94M | $94.08M | $49.38M |
| Long-term Debt | $2.21B | $697.63M | $482.53M | $462.20M | $155.57M | $156.25M | $199.55M |
| Other Non-current Liabilities | $32.09M | $31.80M | - | - | - | - | - |
| Total Liabilities | $2.62B | $924.88M | $723.61M | $602.99M | $285.42M | $318.85M | $337.77M |
| Retained Earnings | $-831.68M | $-757.72M | $-634.85M | $-535.45M | $-489.75M | $-453.89M | $-281.94M |
| Total Stockholders Equity | $2.39B | $1.63B | $1.16B | $766.67M | $669.15M | $502.80M | $241.87M |
| Total Liabilities & Equity | $5.01B | $2.55B | $1.88B | $1.37B | $954.56M | $821.65M | $579.64M |
| 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 | $-73.97M | $-122.87M | $-99.39M | $-45.71M | $-35.86M | $-171.95M | $-92.28M |
| Depreciation & Amortization | $15.72M | $35.39M | $22.68M | $10.96M | $8.46M | $54.88M | $40.34M |
| Stock-based Compensation | $15.15M | $32.34M | $18.35M | $7.83M | $11.42M | $20.62M | $13.81M |
| Change in Receivables | $26.23M | $10.09M | - | - | - | - | - |
| Change in Inventory | $1.12M | $9.82M | - | - | $-861.00K | - | - |
| Operating Cash Flow | $64.97M | $-136.49M | $-72.02M | $-28.55M | $-28.44M | $-97.70M | $-64.27M |
| Capital Expenditure | $395.70M | $669.04M | $430.62M | $120.46M | $82.03M | $92.09M | $61.77M |
| Investing Cash Flow | $-844.13M | $-697.01M | $-430.62M | $-120.46M | $-82.03M | $-92.09M | $-61.77M |
| Debt Repayment | $2.18M | $2.94M | $926.00K | $65.00K | $48.56M | $187.00K | $124.00K |
| Stock Issued | $719.28M | $576.62M | $462.78M | $56.27M | $213.04M | $338.91M | $189.92M |
| Financing Cash Flow | $2.34B | $1.49B | $875.63M | $455.87M | $159.54M | $620.43M | $325.74M |
| Net Change in Cash | $1.56B | $652.59M | $371.87M | $306.92M | $48.65M | $430.79M | $199.47M |
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-Q filings.
Quarterly data represents single quarter results (Q1-Q4). Some items may show year-to-date values if quarterly breakdown is unavailable.