$1.35B
Revenue
$-2.70B
Net Income
-92.81%
Gross Margin
-258.66%
Op. Margin
$-5.99B
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 | $1.35B | $1.35B | $807.83M | $595.27M | $608.18M | $27.11M |
| Revenue Growth % | 0.0% | 67.6% | 35.7% | -2.1% | 2143.3% | nan% |
| Cost of Revenue | $2.61B | $2.61B | $1.73B | $1.94B | $1.65B | $154.90M |
| Gross Profit | $-1.26B | $-1.26B | $-923.11M | $-1.34B | $-1.04B | $-127.79M |
| Gross Margin % | -92.8% | -92.8% | -114.3% | -225.2% | -170.7% | -471.3% |
| Operating Expenses | $4.86B | $4.86B | $3.83B | $3.69B | $3.20B | $1.56B |
| Research & Development | $1.21B | $1.21B | $1.18B | $937.01M | $821.51M | $750.18M |
| Selling General & Admin | $1.03B | $1.03B | $900.95M | $797.24M | $734.57M | $652.48M |
| Operating Income | $-3.50B | $-3.50B | $-3.02B | $-3.10B | $-2.59B | $-1.53B |
| Operating Margin % | -258.7% | -258.7% | -373.9% | -520.7% | -426.5% | -5645.1% |
| Interest Expense | $76.53M | $55.82M | $25.53M | $24.91M | $30.60M | $1.37M |
| Interest Income | $156.44M | $156.44M | $213.03M | $204.27M | $56.76M | - |
| Other Income/Expense | $-8.69M | $-8.69M | $-18.47M | $-90.00K | $9.53M | $-893.00K |
| Income Before Tax | $-2.70B | $-2.70B | $-2.71B | $-2.83B | $-1.30B | $-2.58B |
| Income Tax Expense | $-2.33M | $-2.33M | $1.20M | $1.03M | $379.00K | $49.00K |
| Net Income | $-2.70B | $-2.70B | $-2.71B | $-2.83B | $-1.30B | $-2.58B |
| Net Margin % | -199.3% | -199.3% | -336.0% | -475.1% | -214.5% | -9515.6% |
| Basic EPS | -7.45 | -11.81 | -1.25 | -1.36 | -0.78 | -6.41 |
| Diluted EPS | -7.42 | -12.09 | -1.25 | -1.36 | -1.51 | -6.41 |
| Basic Shares Outstanding | - | 311.7M | 2.45B | 2.08B | 1.68B | 740.4M |
| Diluted Shares Outstanding | - | 313.4M | 2.45B | 2.08B | 1.69B | 740.4M |
| 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 | $997.83M | $1.61B | $1.37B | $1.74B | $6.26B |
| Short-term Investments | $631.09M | $2.42B | $2.49B | $2.18B | - |
| Accounts Receivable | $177.16M | $112.03M | $51.82M | $19.54M | $3.15M |
| Inventory | $1.11B | $407.77M | $696.24M | $834.40M | $127.25M |
| Other Current Assets | $324.43M | $270.22M | $79.67M | $81.54M | $43.33M |
| Total Current Assets | $3.30B | $4.87B | $4.76B | $4.91B | $6.51B |
| Long-term Investments | $512.24M | $1.01B | $461.03M | $529.97M | - |
| Other Non-current Assets | $354.98M | $249.44M | $262.16M | $55.30M | $30.61M |
| Total Assets | $8.39B | $9.65B | $8.51B | $7.88B | $7.88B |
| Accounts Payable | $487.52M | $133.83M | $108.72M | $229.08M | $41.34M |
| Deferred Revenue | $29.95M | $18.47M | - | - | - |
| Other Current Liabilities | $1.39B | $1.02B | $798.99M | $634.57M | $318.21M |
| Total Current Liabilities | $2.64B | $1.17B | $1.01B | $937.56M | $396.10M |
| Long-term Debt | $2.05B | $2.00B | $2.00B | $1.99B | $1.99B |
| Other Non-current Liabilities | $582.74M | $572.80M | $524.34M | $378.21M | $188.57M |
| Total Liabilities | $5.39B | $4.48B | $3.66B | $3.53B | $3.97B |
| Common Stock | $33.00K | $303.00K | $230.00K | $183.00K | $165.00K |
| Retained Earnings | $-15.61B | $-12.91B | $-10.20B | $-7.37B | $-6.07B |
| Treasury Stock | - | - | - | - | $20.72M |
| Total Stockholders Equity | $717.29M | $3.87B | $4.85B | $4.35B | $3.91B |
| Total Liabilities & Equity | $8.39B | $9.65B | $8.51B | $7.88B | $7.88B |
| 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 | $-3.06B | $-2.70B | $-2.71B | $-2.83B | $-1.30B | $-2.58B |
| Depreciation & Amortization | - | $451.20M | $295.30M | $233.50M | - | - |
| Stock-based Compensation | $382.62M | $271.27M | $285.87M | $257.28M | $423.50M | $516.76M |
| Deferred Income Tax | - | $-5.23M | $-140.00K | - | - | - |
| Change in Receivables | $57.17M | $65.69M | $61.28M | $32.51M | $16.50M | $2.89M |
| Change in Inventory | $2.24B | $1.45B | $334.24M | $658.01M | $1.26B | $175.09M |
| Change in Payables | $376.59M | $318.46M | $34.76M | $-139.52M | $180.47M | $4.35M |
| Operating Cash Flow | $-4.62B | $-2.93B | $-2.02B | $-2.49B | $-2.23B | $-1.06B |
| Capital Expenditure | $1.37B | $868.16M | $883.84M | $910.64M | $1.07B | $421.22M |
| Purchases of Investments | $906.14M | $309.56M | $4.62B | $4.00B | $3.85B | - |
| Sales of Investments | $5.68B | $2.65B | $4.11B | $3.72B | $1.15B | - |
| Investing Cash Flow | $3.40B | $1.48B | $-1.29B | $-946.98M | $-3.68B | $-420.69M |
| Stock Repurchased | - | - | - | - | - | $20.72M |
| Financing Cash Flow | $1.09B | $887.34M | $3.55B | $3.07B | $1.35B | $7.14B |
| Net Change in Cash | $-127.15M | $-566.14M | $235.54M | $-365.81M | $-4.56B | $5.66B |
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 | $336.58M | $200.04M | $831.06M | $573.36M |
| Cost of Revenue | $670.20M | $412.54M | $1.67B | $1.29B |
| Operating Expenses | $1.28B | $970.58M | $3.27B | $2.86B |
| Research & Development | $325.31M | $324.37M | $850.39M | $896.17M |
| Selling General & Admin | $283.10M | $233.59M | $752.13M | $657.06M |
| Operating Income | $-942.02M | $-770.54M | $-2.44B | $-2.29B |
| Interest Expense | $25.57M | $8.48M | $21.35M | $12.84M |
| Interest Income | $34.64M | $50.02M | $131.17M | $155.20M |
| Other Income/Expense | $-10.83M | $-155.00K | $-4.29M | $-6.23M |
| Income Before Tax | $-978.79M | $-991.99M | $-1.89B | $-2.32B |
| Income Tax Expense | $-363.00K | $487.00K | $-4.09M | $610.00K |
| Net Income | $-978.43M | $-992.48M | $-1.88B | $-2.32B |
| Basic EPS | -3.31 | -4.09 | -8.15 | -10.49 |
| Diluted EPS | -3.31 | -4.09 | -8.50 | -10.49 |
| Basic Shares Outstanding | $312.17M | $232.40M | $307.18M | $231.22M |
| Diluted Shares Outstanding | $312.17M | $232.40M | $307.86M | $231.22M |
Condensed Consolidated Balance Sheets
| Description | Sep 30, 2025 | Dec 31, 2024 |
|---|---|---|
| Cash & Cash Equivalents | $1.64B | $1.61B |
| Short-term Investments | $701.91M | $2.42B |
| Accounts Receivable | $137.64M | $112.03M |
| Inventory | $981.06M | $407.77M |
| Other Current Assets | $286.25M | $270.22M |
| Total Current Assets | $3.80B | $4.87B |
| Long-term Investments | $656.25M | $1.01B |
| Other Non-current Assets | $355.20M | $249.44M |
| Total Assets | $8.82B | $9.65B |
| Accounts Payable | $393.03M | $133.83M |
| Other Current Liabilities | $1.63B | $1.02B |
| Total Current Liabilities | $2.10B | $1.17B |
| Long-term Debt | $2.04B | $2.00B |
| Other Non-current Liabilities | $572.09M | $592.31M |
| Total Liabilities | $5.10B | $4.48B |
| Common Stock | $32.00K | $30.00K |
| Retained Earnings | $-14.80B | $-12.91B |
| Total Stockholders Equity | $1.80B | $3.87B |
| Total Liabilities & Equity | $8.82B | $9.65B |
Condensed Consolidated Statements of Cash Flows
| Description | Sep 30, 2025 | Sep 30, 2025 | ||
|---|---|---|---|---|
| Current | Prior Year | Current YTD | Prior Year YTD | |
| Net Income | $-978.43M | $-992.48M | $-1.88B | $-2.32B |
| Stock-based Compensation | - | - | $198.89M | $208.80M |
| Change in Receivables | - | - | $26.52M | $46.60M |
| Change in Inventory | - | - | $1.03B | $221.39M |
| Change in Payables | - | - | $244.33M | $42.56M |
| Operating Cash Flow | - | - | $-2.02B | $-1.49B |
| Capital Expenditure | - | - | $542.72M | $592.21M |
| Purchases of Investments | - | - | $309.56M | $2.37B |
| Sales of Investments | - | - | $2.41B | $3.25B |
| Investing Cash Flow | - | - | $1.56B | $289.97M |
| Financing Cash Flow | - | - | $517.73M | $1.72B |
| Net Change in Cash | - | - | $65.37M | $522.16M |
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.