$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) |
Q1 2024 (Mar 31, 2024) |
Q4 2023 (Dec 31, 2023) |
Q3 2023 (Sep 30, 2023) |
Q2 2023 (Jun 30, 2023) |
Q1 2023 (Mar 31, 2023) |
Q4 2022 (Dec 31, 2022) |
Q3 2022 (Sep 30, 2022) |
Q2 2022 (Jun 30, 2022) |
Q1 2022 (Mar 31, 2022) |
Q4 2021 (Dec 31, 2021) |
Q3 2021 (Sep 30, 2021) |
Q2 2021 (Jun 30, 2021) |
Q1 2021 (Mar 31, 2021) |
Q3 2020 (Sep 30, 2020) |
Q2 2020 (Jun 30, 2020) |
Q1 2020 (Mar 31, 2020) |
Q4 2019 (Dec 31, 2019) |
Q3 2019 (Sep 30, 2019) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | $54.30M | $14.74M | $1.16M | $718.00K | $1.92M | $1.10M | $900.00K | $500.00K | - | - | - | - | - | $4.17M | $7.26M | $2.39M | $6.22M | $2.45M | $2.77M | - | - | - | - | - | - |
| Revenue Growth % (YoY) | 2731.3% | 1239.9% | 28.4% | 43.6% | nan% | nan% | nan% | nan% | nan% | -100.0% | -100.0% | -100.0% | -100.0% | 70.1% | 162.0% | nan% | nan% | nan% | nan% | nan% | nan% | nan% | nan% | - | nan% |
| Cost of Revenue | $30.74M | $5.51M | - | - | - | - | - | - | - | - | - | - | - | $2.52M | $2.20M | $1.99M | $3.44M | $2.10M | $1.11M | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - | - | - | - | - | - | - | - | $1.64M | $5.06M | $408.00K | $2.78M | $347.00K | $1.66M | - | - | - | - | - | - |
| Gross Margin % | nan% | nan% | nan% | nan% | nan% | nan% | nan% | nan% | nan% | nan% | nan% | nan% | nan% | 39.4% | 69.7% | 17.0% | 44.7% | 14.2% | 59.9% | nan% | nan% | nan% | nan% | - | nan% |
| Operating Expenses | $126.58M | $94.42M | $73.95M | $63.68M | $60.64M | $66.65M | $63.89M | $56.00M | $60.88M | $58.97M | $58.07M | $44.45M | $42.61M | $42.12M | $35.40M | $32.74M | $31.26M | $23.11M | $25.10M | $1.43M | - | - | - | - | - |
| Research & Development | $9.06M | $5.53M | $6.39M | $7.13M | $5.35M | $14.72M | $4.46M | $4.26M | $10.77M | $9.42M | $10.92M | $16.38M | $14.65M | $13.54M | $9.14M | $8.28M | $7.95M | $4.89M | $9.05M | - | - | - | - | - | - |
| Operating Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $-1.43M | $-152.82K | $-153.93K | $-185.26K | - | $-94.62K |
| Operating Margin % | nan% | nan% | nan% | nan% | nan% | nan% | nan% | nan% | nan% | nan% | nan% | nan% | nan% | nan% | nan% | nan% | nan% | nan% | nan% | nan% | nan% | nan% | nan% | - | nan% |
| Interest Expense | $27.59M | $4.21M | $813.00K | $3.89M | $12.01M | $6.69M | $4.42M | $2.21M | $3.43M | $1.07M | - | - | $224.00K | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Income/Expense | $-22.76M | $-83.78M | $-62.36M | $-497.00K | $6.78M | $-236.89M | $-68.13M | $15.99M | $-14.16M | $8.48M | $7.69M | $-646.00K | $17.39M | $8.98M | $22.37M | $-5.47M | $15.94M | $180.00K | $-6.00K | $2.05M | $83.14K | $88.14K | $1.26M | - | $205.42K |
| Income Before Tax | $-95.04M | $-163.45M | $-135.16M | $-63.46M | $-51.94M | $-302.43M | $-131.12M | $-39.51M | $-75.03M | $-50.48M | $-50.38M | $-45.10M | $-25.22M | $-31.50M | $-7.97M | $-37.80M | $-12.54M | $16.82M | $-65.11M | $614.36K | $-69.68K | $-65.79K | $1.07M | - | $110.80K |
| Income Tax Expense | $2.61M | $374.00K | $742.00K | $168.00K | $156.00K | $646.00K | $231.00K | $294.00K | $1.27M | $-266.00K | $789.00K | $116.00K | $-130.00K | $550.00K | $96.00K | $104.00K | $258.00K | $-16.00K | $56.00K | $17.31K | $-14.63K | $-13.82K | $225.22K | - | $23.04K |
| Net Income | $-73.97M | $-122.87M | $-99.39M | $-45.71M | $-35.86M | $-171.95M | $-72.55M | $-19.73M | $-31.93M | $-20.91M | $-18.41M | $-16.32M | $-8.23M | $-9.77M | $-8.07M | $-37.90M | $-3.11M | $4.12M | $-65.17M | $597.05K | $-55.05K | $-51.98K | $847.25K | - | $87.76K |
| Net Margin % | -136.2% | -833.7% | -8598.1% | -6365.7% | -1869.5% | -15631.5% | -8061.1% | -3946.0% | nan% | nan% | nan% | nan% | nan% | -234.3% | -111.1% | -1583.2% | -50.0% | 168.0% | -2350.1% | nan% | nan% | nan% | nan% | - | nan% |
| Basic EPS | nan | nan | nan | nan | nan | nan | nan | nan | nan | nan | nan | nan | nan | -0.18 | -0.06 | nan | nan | 0.08 | nan | nan | nan | nan | nan | - | nan |
| Diluted EPS | nan | nan | nan | nan | nan | nan | nan | nan | nan | nan | nan | nan | nan | -0.18 | -0.06 | nan | nan | 0.07 | nan | nan | nan | nan | nan | - | nan |
| Basic Shares Outstanding | - | 272.8M | 242.0M | - | - | - | - | - | - | - | - | - | - | 53.2M | 51.9M | - | - | 51.7M | - | - | - | - | - | - | - |
| Diluted Shares Outstanding | - | 272.8M | 242.0M | - | - | - | - | - | - | - | - | - | - | 53.2M | 51.9M | - | - | 51.8M | - | - | - | - | - | - | - |
| 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) |
Q1 2024 (Mar 31, 2024) |
Q4 2023 (Dec 31, 2023) |
Q3 2023 (Sep 30, 2023) |
Q2 2023 (Jun 30, 2023) |
Q1 2023 (Mar 31, 2023) |
Q4 2022 (Dec 31, 2022) |
Q3 2022 (Sep 30, 2022) |
Q2 2022 (Jun 30, 2022) |
Q1 2022 (Mar 31, 2022) |
Q4 2021 (Dec 31, 2021) |
Q3 2021 (Sep 30, 2021) |
Q2 2021 (Jun 30, 2021) |
Q1 2021 (Mar 31, 2021) |
Q3 2020 (Sep 30, 2020) |
Q2 2020 (Jun 30, 2020) |
Q1 2020 (Mar 31, 2020) |
Q4 2019 (Dec 31, 2019) |
Q3 2019 (Sep 30, 2019) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Cash Equivalents | $2.34B | $1.20B | $923.65M | $873.78M | $564.99M | $516.39M | $285.08M | $209.97M | $85.62M | $133.31M | $190.84M | $185.04M | $238.59M | $198.87M | $202.37M | $253.73M | $321.79M | $360.39M | $402.61M | $50.05M | $357.01K | $399.26K | $519.63K | $493.13K | $705.38K |
| Short-term Investments | $2.00B | - | - | - | $510.40M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Accounts Receivable | $37.73M | $11.49M | - | - | $1.40M | - | - | - | - | - | - | - | - | - | $3.57M | $2.59M | $2.17M | $1.28M | $1.27M | - | - | - | - | - | - |
| Inventory | $12.01M | $10.88M | - | - | $1.06M | - | - | - | - | - | - | - | - | - | $3.52M | $1.83M | $1.41M | $2.73M | $3.65M | - | - | - | - | - | - |
| Other Current Assets | $60.26M | $25.24M | $23.59M | $14.02M | $24.82M | $19.66M | $20.23M | $22.04M | $14.19M | $21.08M | $22.98M | $38.19M | $24.95M | $20.13M | $16.45M | $9.86M | $4.47M | $2.07M | $1.47M | - | - | - | - | - | - |
| Total Current Assets | $2.46B | $1.28B | $973.22M | $894.61M | $600.25M | $545.62M | $315.16M | $239.51M | $106.88M | $163.07M | $221.57M | $227.11M | $268.31M | $225.31M | $232.93M | $272.93M | $335.80M | $370.59M | $414.59M | $50.15M | $427.27K | $496.62K | $659.87K | $624.35K | $871.10K |
| Property Plant & Equipment | $1.40B | $1.01B | $761.61M | $450.82M | $337.67M | $260.07M | $248.16M | $245.28M | $238.48M | $224.24M | $171.64M | $158.92M | $145.99M | $135.64M | $124.31M | $114.85M | $95.94M | $76.59M | $54.32M | - | - | - | - | - | - |
| Goodwill | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $3.35M | $3.55M | $3.64M | $3.70M | $3.79M | - | - | - | - | $3.59M | - |
| Intangible Assets | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $205.00K | $242.00K | $335.00K | $398.00K | - | - | - | - | - | - |
| Long-term Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $231.91M | $232.14M | $232.07M | $232.26M | $231.21M | $230.21M |
| Other Non-current Assets | - | - | - | - | - | - | - | - | - | $14.82M | $15.26M | $14.70M | $24.07M | $25.32M | $27.63M | $26.81M | $12.19M | $13.83M | $13.74M | - | - | - | - | - | - |
| Total Assets | $5.01B | $2.55B | $1.88B | $1.37B | $954.56M | $821.65M | $579.64M | $501.73M | $360.89M | $402.13M | $408.47M | $400.72M | $438.37M | $386.27M | $384.86M | $414.59M | $443.94M | $461.01M | $482.65M | $282.07M | $232.57M | $232.57M | $232.92M | $231.84M | $231.08M |
| Accounts Payable | $46.76M | $50.71M | $22.70M | $10.78M | $17.00M | $8.96M | $12.18M | $14.53M | $20.57M | $7.81M | $5.11M | $11.35M | $13.93M | $9.55M | $5.16M | $6.92M | $6.64M | $6.66M | $6.28M | - | - | - | - | - | - |
| Accrued Liabilities | $12.73M | - | - | - | $296.00K | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Deferred Revenue | $19.89M | $23.07M | - | - | $41.97M | - | - | - | - | - | - | - | - | - | $7.49M | $7.80M | $6.64M | $4.85M | $5.10M | - | - | - | - | - | - |
| Total Current Liabilities | $150.34M | $133.57M | $118.32M | $84.22M | $75.94M | $94.08M | $49.38M | $31.88M | $46.22M | $26.90M | $30.67M | $35.55M | $27.80M | $21.19M | $22.18M | $22.91M | $21.38M | $15.38M | $15.60M | $1.86M | $259.84K | $204.61K | $420.24K | $265.82K | $67.41K |
| Long-term Debt | $2.21B | $697.63M | $482.53M | $462.20M | $155.57M | $156.25M | $199.55M | $160.83M | $59.25M | $58.54M | $4.63M | $4.70M | $4.76M | $4.82M | $4.88M | $4.94M | $5.00M | - | - | - | - | - | - | - | - |
| Deferred Tax Liabilities | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $666.00 | $1.70K | - | - | - |
| Other Non-current Liabilities | $32.09M | $31.80M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Total Liabilities | $2.62B | $924.88M | $723.61M | $602.99M | $285.42M | $318.85M | $337.77M | $215.88M | $147.33M | $114.91M | $72.59M | $83.80M | $78.55M | $89.59M | $74.59M | $98.71M | $91.96M | $97.92M | $137.45M | $125.99M | $8.31M | $8.26M | $8.55M | $8.32M | $8.13M |
| Retained Earnings | $-831.68M | $-757.72M | $-634.85M | $-535.45M | $-489.75M | $-453.89M | $-281.94M | $-209.39M | $-189.66M | $-157.74M | $-136.83M | $-118.42M | $-102.10M | $-93.87M | $-84.11M | $-81.18M | $-70.46M | $-67.35M | $-71.47M | $-54.25M | $1.40M | $1.45M | $1.50M | $655.68K | $86.67K |
| Total Stockholders Equity | $2.39B | $1.63B | $1.16B | $766.67M | $669.15M | $502.80M | $241.87M | $285.85M | $213.56M | $287.22M | $335.88M | $316.93M | $359.83M | $296.68M | $310.27M | $315.88M | $351.97M | $363.09M | $345.20M | $5.00M | $5.00M | $5.00M | $5.00M | $5.00M | $5.00M |
| Total Liabilities & Equity | $5.01B | $2.55B | $1.88B | $1.37B | $954.56M | $821.65M | $579.64M | $501.73M | $360.89M | $402.13M | $408.47M | $400.72M | $438.37M | $386.27M | $384.86M | $414.59M | $443.94M | $461.01M | $482.65M | $282.07M | $232.57M | $232.57M | $232.92M | $231.84M | $231.08M |
| 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) |
Q1 2024 (Mar 31, 2024) |
Q4 2023 (Dec 31, 2023) |
Q3 2023 (Sep 30, 2023) |
Q2 2023 (Jun 30, 2023) |
Q1 2023 (Mar 31, 2023) |
Q4 2022 (Dec 31, 2022) |
Q3 2022 (Sep 30, 2022) |
Q2 2022 (Jun 30, 2022) |
Q1 2022 (Mar 31, 2022) |
Q4 2021 (Dec 31, 2021) |
Q3 2021 (Sep 30, 2021) |
Q2 2021 (Jun 30, 2021) |
Q1 2021 (Mar 31, 2021) |
Q3 2020 (Sep 30, 2020) |
Q2 2020 (Jun 30, 2020) |
Q1 2020 (Mar 31, 2020) |
Q4 2019 (Dec 31, 2019) |
Q3 2019 (Sep 30, 2019) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $-73.97M | $-122.87M | $-99.39M | $-45.71M | $-35.86M | $-171.95M | $-92.28M | $-19.73M | $-31.93M | $-55.63M | $-34.73M | $-16.32M | $-8.23M | $-9.77M | $-45.97M | $-37.90M | $-3.11M | $4.12M | $-77.25M | $597.05K | $-55.05K | $795.27K | $847.25K | - | $87.76K |
| Depreciation & Amortization | $15.72M | $35.39M | $22.68M | $10.96M | $8.46M | $54.88M | $40.34M | $19.95M | $19.59M | $34.88M | $15.85M | $1.73M | $1.25M | $3.46M | $2.29M | $1.10M | $864.00K | $867.00K | $567.00K | - | - | - | - | - | - |
| Stock-based Compensation | $15.15M | $32.34M | $18.35M | $7.83M | $11.42M | $20.62M | $13.81M | $4.93M | $2.69M | $10.60M | $8.01M | $2.47M | $2.30M | $7.09M | $4.70M | $2.25M | $1.84M | $1.90M | $598.00K | - | - | - | - | - | - |
| Change in Receivables | $26.23M | $10.09M | - | - | - | - | - | - | - | - | - | - | $-248.00K | $2.24M | $1.61M | $470.00K | $930.00K | $-710.00K | $-748.00K | - | - | - | - | - | - |
| Change in Inventory | $1.12M | $9.82M | - | - | $-861.00K | - | - | - | - | - | - | - | - | $2.46M | $2.31M | $457.00K | $-1.32M | $282.00K | $1.16M | - | - | - | - | - | - |
| Operating Cash Flow | $64.97M | $-136.49M | $-72.02M | $-28.55M | $-28.44M | $-97.70M | $-64.27M | $-48.12M | $-24.90M | $-124.04M | $-87.99M | $-37.73M | $-35.04M | $-121.42M | $-88.50M | $-47.51M | $-21.48M | $-58.61M | $-38.37M | $-862.24K | $-636.74K | $-579.85K | $-190.65K | - | $-208.69K |
| Capital Expenditure | $395.70M | $669.04M | $430.62M | $120.46M | $82.03M | $92.09M | $61.77M | $39.57M | $22.34M | $96.46M | $22.97M | $15.23M | $9.63M | $20.68M | $12.20M | $4.66M | $3.79M | $11.29M | $7.00M | - | - | - | - | - | - |
| Purchases of Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $886.10K | - | $165.61K |
| Investing Cash Flow | $-844.13M | $-697.01M | $-430.62M | $-120.46M | $-82.03M | $-92.09M | $-61.77M | $-39.57M | $-22.34M | $-96.46M | $-22.97M | $-15.39M | $-11.54M | $-19.81M | $-33.60M | $-21.57M | $-14.30M | $-40.49M | $-18.60M | $303.23K | $500.62K | $485.99K | $217.15K | - | $-230.00M |
| Debt Repayment | $2.18M | $2.94M | $926.00K | $65.00K | $48.56M | $187.00K | $124.00K | $62.00K | $62.00K | $180.00K | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Stock Issued | $719.28M | $576.62M | $462.78M | $56.27M | $213.04M | $338.91M | $189.92M | $107.72M | $291.00K | $63.48M | $63.57M | - | $85.03M | $16.99M | - | - | - | - | - | - | - | - | - | - | - |
| Financing Cash Flow | $2.34B | $1.49B | $875.63M | $455.87M | $159.54M | $620.43M | $325.74M | $212.18M | $-636.00K | $117.37M | $63.63M | $36.00K | $85.04M | $17.30M | $263.00K | $130.00K | $63.00K | $416.88M | $416.88M | $50.48M | - | - | - | - | $230.91M |
| Net Change in Cash | $1.56B | $652.59M | $371.87M | $306.92M | $48.65M | $430.79M | $199.47M | $124.34M | $-47.63M | $-103.53M | $-47.78M | $-53.56M | $39.73M | $-125.01M | $-122.17M | $-69.43M | $-35.85M | $317.61M | $359.83M | $49.92M | - | - | $26.50K | - | $705.38K |
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.