$35.62M
Revenue
$-745.87M
Net Income
72.20%
Gross Margin
-1046.35%
Op. Margin
$-313.25M
Free Cash Flow
| Breakdown | FY 2025 (Dec 31, 2025) |
|---|---|
| Total Revenue | $35.62M |
| Revenue Growth % | nan% |
| Cost of Revenue | $9.90M |
| Gross Profit | $25.71M |
| Gross Margin % | 72.2% |
| Operating Expenses | $398.38M |
| Research & Development | $259.89M |
| Operating Income | $-372.67M |
| Operating Margin % | -1046.3% |
| Interest Expense | $10.87M |
| Interest Income | $20.15M |
| Other Income/Expense | $-372.44M |
| Income Before Tax | $-745.11M |
| Income Tax Expense | $756.00K |
| Net Income | $-745.87M |
| Net Margin % | -2094.2% |
| Basic EPS | -12.85 |
| Diluted EPS | -12.85 |
| Basic Shares Outstanding | 75.0M |
| Diluted Shares Outstanding | 75.0M |
| Breakdown | FY 2025 (Dec 31, 2025) |
|---|---|
| Cash & Cash Equivalents | $1.71B |
| Accounts Receivable | $5.75M |
| Other Current Assets | $23.49M |
| Total Current Assets | $1.74B |
| Property Plant & Equipment | $348.54M |
| Other Non-current Assets | $1.84M |
| Total Assets | $2.11B |
| Accounts Payable | $24.50M |
| Accrued Liabilities | $35.11M |
| Deferred Revenue | $3.70M |
| Other Current Liabilities | $5.82M |
| Total Current Liabilities | $76.39M |
| Long-term Debt | $185.51M |
| Other Non-current Liabilities | $2.85M |
| Total Liabilities | $288.43M |
| Retained Earnings | $-1.91B |
| Total Stockholders Equity | $1.82B |
| Total Liabilities & Equity | $2.11B |
| Breakdown | FY 2025 (Dec 31, 2025) |
|---|---|
| Net Income | $-745.87M |
| Depreciation & Amortization | $22.03M |
| Stock-based Compensation | $34.76M |
| Deferred Income Tax | $238.00K |
| Change in Receivables | $3.60M |
| Operating Cash Flow | $-267.80M |
| Capital Expenditure | $45.45M |
| Investing Cash Flow | $-44.08M |
| Debt Repayment | $3.76M |
| Stock Repurchased | - |
| Financing Cash Flow | $1.73B |
| Net Change in Cash | $1.41B |
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 | $8.92M | $3.07M | $24.48M | $10.65M |
| Cost of Revenue | $2.74M | $1.19M | $5.67M | $3.30M |
| Gross Profit | $6.18M | $1.88M | $18.81M | $7.36M |
| Operating Expenses | $86.75M | $74.88M | $256.73M | $203.55M |
| Research & Development | $56.37M | $54.04M | $170.48M | $146.15M |
| Operating Income | $-80.57M | $-73.00M | $-237.91M | $-196.19M |
| Interest Expense | $3.46M | $2.91M | $7.95M | $6.84M |
| Interest Income | $2.63M | $1.03M | $7.35M | $5.74M |
| Other Income/Expense | $-356.39M | $-1.87M | $-357.42M | $-2.76M |
| Income Before Tax | $-436.96M | $-74.87M | $-595.33M | $-198.96M |
| Income Tax Expense | $253.00K | $191.00K | $580.00K | $246.00K |
| Net Income | $-437.21M | $-75.06M | $-595.91M | $-199.20M |
| Basic EPS | -9.83 | -1.81 | -13.86 | -4.85 |
| Diluted EPS | -9.83 | -1.81 | -13.86 | -4.85 |
| Basic Shares Outstanding | $45.95M | $45.27M | $45.81M | $45.17M |
| Diluted Shares Outstanding | $45.95M | $45.27M | $45.81M | $45.17M |
Condensed Consolidated Balance Sheets
| Description | Sep 30, 2025 | Dec 31, 2024 |
|---|---|---|
| Cash & Cash Equivalents | $687.63M | $301.40M |
| Accounts Receivable | $7.68M | $2.15M |
| Other Current Assets | $17.20M | $23.79M |
| Total Current Assets | $712.51M | $327.34M |
| Property Plant & Equipment | $331.71M | $319.59M |
| Total Assets | $1.07B | $666.37M |
| Accounts Payable | $13.17M | $16.23M |
| Deferred Revenue | $3.62M | $6.40M |
| Total Current Liabilities | $68.31M | $56.55M |
| Long-term Debt | $179.10M | $149.23M |
| Other Non-current Liabilities | $2.61M | $1.60M |
| Total Liabilities | $279.45M | $230.43M |
| Retained Earnings | $-1.59B | $-969.28M |
| Total Stockholders Equity | $789.89M | $435.94M |
| Total Liabilities & Equity | $1.07B | $666.37M |
Condensed Consolidated Statements of Cash Flows
| Description | Sep 30, 2025 | Sep 30, 2025 | ||
|---|---|---|---|---|
| Current | Prior Year | Current YTD | Prior Year YTD | |
| Net Income | $-437.21M | $-75.06M | $-595.91M | $-199.20M |
| Depreciation & Amortization | $5.79M | $3.89M | $16.31M | $11.31M |
| Stock-based Compensation | - | - | $16.82M | $9.17M |
| Change in Receivables | - | - | $5.53M | $2.63M |
| Operating Cash Flow | - | - | $-183.39M | $-165.26M |
| Capital Expenditure | - | - | $25.66M | $51.68M |
| Investing Cash Flow | - | - | $-24.37M | $-51.30M |
| Debt Repayment | - | - | $2.10M | $685.00K |
| Stock Issued | - | - | $2.10M | $1.23M |
| Stock Repurchased | - | - | - | $530.00K |
| Financing Cash Flow | - | - | $598.38M | $15.33M |
| Net Change in Cash | - | - | $390.61M | $-201.26M |
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.