$228.87M
Revenue
$7.79M
Net Income
-
Gross Margin
1.38%
Op. Margin
$5.71M
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 | $228.87M | $228.87M | $187.59M | $150.04M | $119.57M | $113.67M |
| Revenue Growth % | 0.0% | 22.0% | 25.0% | 25.5% | 5.2% | nan% |
| Cost of Revenue | - | - | $101.76M | $75.67M | $59.23M | $46.90M |
| Gross Profit | - | - | $85.84M | $74.38M | $60.34M | $66.77M |
| Gross Margin % | nan% | nan% | 45.8% | 49.6% | 50.5% | 58.7% |
| Operating Expenses | $196.82M | $225.72M | $90.33M | $97.59M | $143.50M | $160.69M |
| Research & Development | $10.02M | $9.54M | $10.51M | $17.57M | $21.66M | $15.92M |
| Operating Income | $3.15M | $3.15M | $-4.50M | $-23.21M | $-83.16M | $-93.92M |
| Operating Margin % | 1.4% | 1.4% | -2.4% | -15.5% | -69.5% | -82.6% |
| Interest Expense | - | - | - | - | $68.00K | $538.00K |
| Income Before Tax | $8.37M | $8.37M | $1.24M | $-18.96M | $-79.42M | $-62.70M |
| Income Tax Expense | $574.00K | $574.00K | $94.00K | $218.00K | $254.00K | $47.00K |
| Net Income | $7.79M | $7.79M | $1.15M | $-19.18M | $-79.67M | $-62.74M |
| Net Margin % | 3.4% | 3.4% | 0.6% | -12.8% | -66.6% | -55.2% |
| Basic EPS | nan | 0.05 | 0.01 | -0.12 | nan | nan |
| Diluted EPS | nan | 0.04 | 0.01 | -0.12 | nan | nan |
| Basic Shares Outstanding | -367K | 167.1M | 168.9M | 165.0M | 156.9M | 86.8M |
| Diluted Shares Outstanding | -361K | 173.6M | 176.5M | 165.0M | 156.9M | 86.8M |
| 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 | $37.35M | $76.69M | $123.91M | $138.54M | $198.26M |
| Accounts Receivable | $16.06M | $9.64M | $10.17M | $9.64M | $5.51M |
| Other Current Assets | $2.42M | $2.73M | $5.72M | $4.37M | $9.56M |
| Total Current Assets | $111.06M | $130.18M | $139.80M | $152.56M | $213.33M |
| Property Plant & Equipment | - | - | $314.00K | $677.00K | $624.00K |
| Goodwill | $3.32M | - | - | - | $6.13M |
| Intangible Assets | $3.87M | $1.34M | $1.79M | $2.53M | $3.44M |
| Other Non-current Assets | $4.69M | $8.49M | $321.00K | $491.00K | $82.00K |
| Total Assets | $134.86M | $138.68M | $142.22M | $156.25M | $223.61M |
| Accounts Payable | $8.50M | $7.71M | $6.11M | $6.46M | $7.43M |
| Deferred Revenue | $2.22M | $3.28M | $3.07M | $4.36M | $7.19M |
| Other Current Liabilities | $1.60M | $1.98M | - | - | - |
| Total Current Liabilities | $17.40M | $19.02M | $21.65M | $27.32M | $27.18M |
| Other Non-current Liabilities | $452.00K | $569.00K | $85.00K | $461.00K | $86.00K |
| Total Liabilities | $17.85M | $21.28M | $23.57M | $28.72M | $31.33M |
| Common Stock | $17.00K | $17.00K | $16.00K | $16.00K | $15.00K |
| Retained Earnings | $-261.44M | $-269.24M | $-270.38M | $-251.20M | $-171.53M |
| Total Stockholders Equity | $117.02M | $117.39M | $118.65M | $127.54M | $192.27M |
| Total Liabilities & Equity | $134.86M | $138.68M | $142.22M | $156.25M | $223.61M |
| 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 | $7.79M | $7.79M | $1.15M | $-19.18M | $-79.67M | $-62.74M |
| Depreciation & Amortization | $4.91M | $2.88M | $859.00K | $1.20M | $1.36M | $1.97M |
| Stock-based Compensation | $15.47M | $8.45M | $9.17M | $8.39M | $12.12M | $27.41M |
| Deferred Income Tax | - | - | $-121.00K | - | - | - |
| Change in Receivables | $15.80M | $6.42M | $-531.00K | $534.00K | $4.13M | $-402.00K |
| Change in Payables | $4.51M | $791.00K | $1.60M | $-350.00K | $-968.00K | $503.00K |
| Operating Cash Flow | $5.71M | $8.53M | $11.70M | $-16.39M | $-61.08M | $-65.71M |
| Capital Expenditure | - | - | - | $151.00K | $350.00K | $663.00K |
| Acquisitions | - | $4.90M | - | - | - | - |
| Purchases of Investments | $80.33M | $49.34M | $41.12M | - | - | - |
| Investing Cash Flow | $-49.28M | $-28.88M | $-46.73M | $-141.00K | $-317.00K | $-663.00K |
| Debt Repayment | - | - | - | - | - | $6.00M |
| Stock Repurchased | $32.07M | $17.20M | $11.00M | - | - | - |
| Financing Cash Flow | $-34.73M | $-19.00M | $-12.19M | $1.90M | $1.68M | $251.38M |
| Net Change in Cash | $-78.31M | $-39.34M | $-47.22M | $-14.64M | $-59.71M | $185.01M |
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 | $59.38M | - | $165.87M | - |
| Operating Expenses | $57.18M | - | $166.55M | - |
| Research & Development | $1.78M | - | $7.19M | - |
| Operating Income | $2.20M | - | $-677.00K | - |
| Income Before Tax | $3.28M | - | $3.25M | - |
| Income Tax Expense | $25.00K | - | $224.00K | - |
| Net Income | $3.25M | $-474.00K | $3.03M | - |
| Basic Shares Outstanding | $166.19M | - | $167.46M | - |
| Diluted Shares Outstanding | $171.46M | - | $174.01M | - |
Condensed Consolidated Balance Sheets
| Description | Sep 30, 2025 | Dec 31, 2024 |
|---|---|---|
| Cash & Cash Equivalents | $39.51M | $76.69M |
| Accounts Receivable | $14.93M | $9.64M |
| Other Current Assets | $3.80M | $2.73M |
| Total Current Assets | $114.48M | $130.18M |
| Other Non-current Assets | $1.85M | $2.24M |
| Total Assets | $129.06M | $138.68M |
| Accounts Payable | $9.62M | $7.71M |
| Deferred Revenue | $3.11M | $3.28M |
| Total Current Liabilities | $19.38M | $19.02M |
| Other Non-current Liabilities | $577.00K | $2.26M |
| Total Liabilities | $19.95M | $21.28M |
| Common Stock | $17.00K | $17.00K |
| Retained Earnings | $-266.21M | $-269.24M |
| Total Stockholders Equity | $109.11M | $117.39M |
| Total Liabilities & Equity | $129.06M | $138.68M |
Condensed Consolidated Statements of Cash Flows
| Description | Sep 30, 2025 | Sep 30, 2025 | ||
|---|---|---|---|---|
| Current | Prior Year | Current YTD | Prior Year YTD | |
| Net Income | $3.25M | $-474.00K | $3.03M | - |
| Depreciation & Amortization | $686.00K | - | $2.05M | - |
| Stock-based Compensation | - | - | $6.53M | - |
| Change in Receivables | - | - | $5.28M | - |
| Change in Payables | - | - | $1.91M | - |
| Operating Cash Flow | - | - | $3.16M | - |
| Purchases of Investments | - | - | $32.66M | - |
| Investing Cash Flow | - | - | $-17.70M | - |
| Stock Repurchased | - | - | $17.20M | - |
| Financing Cash Flow | - | - | $-18.50M | - |
| Net Change in Cash | - | - | $-33.04M | - |
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.