-
Revenue
$-435.05M
Net Income
-
Gross Margin
-
Op. Margin
$-482.07M
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) |
|---|---|---|---|---|---|---|
| Operating Expenses | $472.60M | $472.60M | $525.21M | $479.03M | $420.62M | $215.27M |
| Research & Development | $375.61M | $375.61M | $382.97M | $347.94M | $297.44M | $151.50M |
| Operating Income | $-472.60M | $-472.60M | $-525.21M | $-479.03M | $-420.62M | $-215.27M |
| Interest Expense | $3.61M | $2.04M | $2.22M | $2.38M | $2.40M | $1.42M |
| Interest Income | $38.63M | $38.63M | $46.02M | $36.49M | $10.90M | $1.88M |
| Other Income/Expense | $2.50M | $2.50M | $3.46M | $-160.00K | $8.72M | $169.29M |
| Income Before Tax | - | $-433.51M | $-478.21M | $-445.06M | - | - |
| Income Tax Expense | - | $1.54M | $-269.00K | $20.00K | - | - |
| Net Income | $-435.05M | $-435.05M | $-477.86M | $-445.14M | $-411.91M | $-45.97M |
| Basic EPS | -0.76 | -0.76 | -0.94 | -0.96 | -0.95 | -0.11 |
| Diluted EPS | -0.76 | -0.76 | -0.94 | -0.96 | -0.95 | -0.52 |
| Basic Shares Outstanding | - | 576.0M | 508.1M | 462.2M | 433.0M | 404.3M |
| Diluted Shares Outstanding | - | 576.0M | 508.1M | 462.2M | 433.0M | 409.5M |
| 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 | $230.52M | $140.87M | $142.52M | $235.39M | $320.70M |
| Short-term Investments | $740.28M | $769.90M | $928.28M | $826.34M | $1.13B |
| Other Current Assets | $10.84M | $11.52M | $12.71M | $10.59M | $15.76M |
| Total Current Assets | $981.64M | $922.29M | $1.08B | $1.07B | $1.46B |
| Property Plant & Equipment | $251.45M | $299.99M | $313.16M | $295.93M | $166.18M |
| Other Non-current Assets | $21.59M | $26.38M | $24.29M | $18.35M | $18.23M |
| Total Assets | $1.31B | $1.32B | $1.50B | $1.48B | $1.72B |
| Accounts Payable | $11.82M | $6.47M | $12.96M | $21.42M | $14.18M |
| Accrued Liabilities | $14.52M | $17.45M | $10.18M | $7.48M | $6.08M |
| Total Current Liabilities | $61.55M | $64.88M | $57.09M | $46.81M | $30.61M |
| Other Non-current Liabilities | $14.87M | $14.89M | $11.99M | $8.49M | $315.00K |
| Total Liabilities | $139.18M | $164.55M | $161.80M | $155.86M | $107.06M |
| Common Stock | $61.00K | $54.00K | $49.00K | $44.00K | $43.00K |
| Retained Earnings | $-3.79B | $-3.36B | $-2.88B | $-2.44B | $-2.02B |
| Total Stockholders Equity | $1.17B | $1.16B | $1.34B | $1.32B | $1.61B |
| Total Liabilities & Equity | $1.31B | $1.32B | $1.50B | $1.48B | $1.72B |
| 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 | $-435.05M | $-435.05M | $-477.86M | $-445.14M | $-411.91M | $-45.97M |
| Depreciation & Amortization | $83.94M | $65.57M | $57.78M | $41.96M | $28.28M | $11.21M |
| Stock-based Compensation | $168.08M | $127.46M | $144.65M | $166.30M | $127.11M | $52.17M |
| Operating Cash Flow | $-425.81M | $-242.47M | $-274.56M | $-240.03M | $-218.02M | $-127.91M |
| Capital Expenditure | $56.26M | $36.28M | $62.13M | $84.51M | $158.84M | $127.18M |
| Purchases of Investments | $1.67B | $1.08B | $1.30B | $1.11B | $569.55M | $1.38B |
| Investing Cash Flow | $216.25M | $14.93M | $128.87M | $-152.53M | $124.12M | $-385.83M |
| Stock Issued | $270.69M | $268.65M | $128.53M | $288.16M | - | $462.93M |
| Financing Cash Flow | $339.10M | $312.81M | $144.03M | $300.21M | $8.60M | $736.56M |
| Net Change in Cash | $129.54M | $85.27M | $-1.66M | $-92.34M | $-85.31M | $222.81M |
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-K filings.
Annual data represents full fiscal year results. FY = Fiscal Year ending.