-
Revenue
$-435.05M
Net Income
-
Gross Margin
-
Op. Margin
$-482.07M
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) |
|---|---|---|---|---|---|---|---|
| Operating Expenses | $110.45M | $114.99M | $123.59M | $123.58M | $128.69M | $130.16M | $134.46M |
| Research & Development | $86.77M | $92.07M | $101.18M | $95.59M | $104.38M | $96.99M | $97.75M |
| Operating Income | $-110.45M | $-114.99M | $-123.59M | $-123.58M | $-128.69M | $-130.16M | $-134.46M |
| Interest Expense | $492.00K | $1.55M | $1.04M | $528.00K | $540.00K | $1.68M | $562.00K |
| Interest Income | $9.93M | $10.00M | $8.94M | $9.77M | $10.60M | $11.35M | $12.02M |
| Other Income/Expense | $2.46M | $-325.00K | $464.00K | $-89.00K | $3.97M | $-338.00K | $50.00K |
| Net Income | $-100.11M | $-105.82M | $-114.70M | $-114.42M | $-114.66M | $-119.57M | $-122.97M |
| Basic EPS | -0.17 | -0.18 | -0.20 | -0.21 | -0.22 | -0.23 | -0.25 |
| Diluted EPS | -0.17 | -0.18 | -0.20 | -0.21 | -0.22 | -0.23 | -0.25 |
| Basic Shares Outstanding | - | 588.7M | 561.7M | 548.0M | 6.0M | 509.0M | 501.2M |
| Diluted Shares Outstanding | - | 588.7M | 561.7M | 548.0M | 6.0M | 509.0M | 501.2M |
| 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 | $230.52M | $225.83M | $172.45M | $153.56M | $140.87M | $174.71M | $196.39M |
| Short-term Investments | $740.28M | $777.91M | $625.04M | $706.75M | $769.90M | $666.31M | $741.47M |
| Other Current Assets | $10.84M | $11.80M | $8.75M | $11.17M | $11.52M | $12.70M | $35.61M |
| Total Current Assets | $981.64M | $1.02B | $806.24M | $871.48M | $922.29M | $853.71M | $973.47M |
| Property Plant & Equipment | $251.45M | $250.32M | $266.39M | $289.46M | $299.99M | $317.51M | $321.53M |
| Other Non-current Assets | $21.59M | $22.13M | $26.13M | $26.25M | $26.38M | $25.08M | $24.10M |
| Total Assets | $1.31B | $1.34B | $1.17B | $1.26B | $1.32B | $1.27B | $1.40B |
| Accounts Payable | $11.82M | $6.45M | $6.48M | $7.79M | $6.47M | $9.63M | $15.23M |
| Accrued Liabilities | $14.52M | $13.99M | $18.43M | $22.18M | $17.45M | $19.67M | $66.53M |
| Total Current Liabilities | $61.55M | $48.04M | $49.17M | $52.31M | $64.88M | $60.69M | $112.40M |
| Other Non-current Liabilities | $14.87M | $14.50M | $14.32M | $15.52M | $14.89M | $13.57M | $13.14M |
| Total Liabilities | $139.18M | $127.48M | $143.59M | $150.29M | $164.55M | $161.35M | $214.70M |
| Common Stock | $61.00K | $60.00K | $56.00K | $56.00K | $54.00K | $51.00K | $50.00K |
| Retained Earnings | $-3.79B | $-3.69B | $-3.59B | $-3.47B | $-3.36B | $-3.24B | $-3.12B |
| Total Stockholders Equity | $1.17B | $1.22B | $1.02B | $1.11B | $1.16B | $1.11B | $1.18B |
| Total Liabilities & Equity | $1.31B | $1.34B | $1.17B | $1.26B | $1.32B | $1.27B | $1.40B |
| 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 | $-100.11M | $-105.82M | $-114.70M | $-114.42M | $-114.66M | $-119.57M | $-122.97M |
| Depreciation & Amortization | $13.60M | $14.20M | $37.80M | $18.34M | $17.99M | $39.80M | $24.85M |
| Stock-based Compensation | $31.34M | $29.20M | $66.89M | $40.64M | $34.18M | $110.47M | $67.11M |
| Operating Cash Flow | $-56.15M | $-186.32M | $-122.59M | $-60.75M | $-58.66M | $-215.90M | $-123.10M |
| Capital Expenditure | $12.28M | $24.00M | $14.14M | $5.83M | $11.16M | $50.97M | $33.04M |
| Purchases of Investments | $252.19M | $824.86M | $384.13M | $213.35M | $436.18M | $858.92M | $690.24M |
| Investing Cash Flow | $32.02M | $-17.09M | $139.29M | $62.03M | $-109.07M | $237.94M | $171.81M |
| Stock Issued | - | $268.65M | $1.03M | $1.01M | - | - | - |
| Financing Cash Flow | $27.28M | $285.52M | $14.88M | $11.40M | $133.89M | $10.14M | $5.15M |
| Net Change in Cash | $3.15M | $82.11M | $31.59M | $12.69M | $-33.84M | $32.18M | $53.86M |
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 | |
| Operating Expenses | $114.99M | $130.16M | $362.15M | $396.52M |
| Research & Development | $92.07M | $96.99M | $288.84M | $278.59M |
| Operating Income | $-114.99M | $-130.16M | $-362.15M | $-396.52M |
| Interest Expense | $503.00K | $550.00K | $1.55M | $1.68M |
| Interest Income | $10.00M | $11.35M | $28.71M | $35.43M |
| Other Income/Expense | $-325.00K | $-338.00K | $50.00K | $-508.00K |
| Net Income | $-105.82M | $-119.57M | $-334.94M | $-363.19M |
| Basic EPS | -0.18 | -0.23 | -0.59 | -0.72 |
| Diluted EPS | -0.18 | -0.23 | -0.59 | -0.72 |
| Basic Shares Outstanding | $588.73M | $508.96M | $566.29M | $502.14M |
| Diluted Shares Outstanding | $588.73M | $508.96M | $566.29M | $502.14M |
Condensed Consolidated Balance Sheets
| Description | Sep 30, 2025 | Dec 31, 2024 |
|---|---|---|
| Cash & Cash Equivalents | $225.83M | $140.87M |
| Short-term Investments | $777.91M | $769.90M |
| Other Current Assets | $11.80M | $11.52M |
| Total Current Assets | $1.02B | $922.29M |
| Property Plant & Equipment | $250.32M | $299.99M |
| Other Non-current Assets | $22.13M | $26.38M |
| Total Assets | $1.34B | $1.32B |
| Accounts Payable | $6.45M | $6.47M |
| Accrued Liabilities | $13.99M | $17.45M |
| Total Current Liabilities | $48.04M | $64.88M |
| Other Non-current Liabilities | $14.50M | $14.89M |
| Total Liabilities | $127.48M | $164.55M |
| Common Stock | $60.00K | $54.00K |
| Retained Earnings | $-3.69B | $-3.36B |
| Total Stockholders Equity | $1.22B | $1.16B |
| Total Liabilities & Equity | $1.34B | $1.32B |
Condensed Consolidated Statements of Cash Flows
| Description | Sep 30, 2025 | Sep 30, 2025 | ||
|---|---|---|---|---|
| Current | Prior Year | Current YTD | Prior Year YTD | |
| Net Income | $-105.82M | $-119.57M | $-334.94M | $-363.19M |
| Depreciation & Amortization | $14.20M | $14.90M | $51.97M | $39.80M |
| Stock-based Compensation | $29.20M | $43.40M | $96.12M | $110.47M |
| Operating Cash Flow | - | - | $-186.32M | $-215.90M |
| Capital Expenditure | - | - | $24.00M | $51.09M |
| Purchases of Investments | - | - | $824.86M | $858.92M |
| Investing Cash Flow | - | - | $-17.09M | $237.94M |
| Stock Issued | - | - | $268.65M | - |
| Financing Cash Flow | - | - | $285.52M | $10.14M |
| Net Change in Cash | - | - | $82.11M | $32.18M |
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.