-
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) |
Q1 2024 (Mar 31, 2024) |
Q4 2023 (Dec 31, 2023) |
Q3 2023 (Sep 30, 2023) |
Q2 2023 (Jun 30, 2023) |
Q1 2023 (Mar 31, 2023) |
Q4 2022 (Dec 31, 2022) |
Q3 2022 (Sep 30, 2022) |
Q2 2022 (Jun 30, 2022) |
Q1 2022 (Mar 31, 2022) |
Q4 2021 (Dec 31, 2021) |
Q3 2021 (Sep 30, 2021) |
Q2 2021 (Jun 30, 2021) |
Q1 2021 (Mar 31, 2021) |
Q3 2020 (Sep 30, 2020) |
Q2 2020 (Jun 30, 2020) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Expenses | $110.45M | $114.99M | $123.59M | $123.58M | $128.69M | $130.16M | $134.46M | $131.90M | $124.64M | $120.87M | $123.54M | $109.98M | $113.43M | $120.65M | $95.87M | $90.66M | $67.14M | $53.83M | $49.62M | $44.67M | - | - |
| Research & Development | $86.77M | $92.07M | $101.18M | $95.59M | $104.38M | $96.99M | $97.75M | $83.85M | $96.40M | $88.15M | $86.45M | $76.94M | $83.38M | $87.58M | $65.13M | $61.34M | $46.79M | $39.47M | $35.78M | $29.46M | - | - |
| Operating Income | $-110.45M | $-114.99M | $-123.59M | $-123.58M | $-128.69M | $-130.16M | $-134.46M | $-131.90M | $-124.64M | $-120.87M | $-123.54M | $-109.98M | $-113.43M | $-120.65M | $-95.87M | $-90.66M | $-67.14M | $-53.83M | $-49.62M | $-44.67M | $-1.54M | - |
| Interest Expense | $492.00K | $1.55M | $1.04M | $528.00K | $540.00K | $1.68M | $562.00K | $572.00K | $582.00K | $593.00K | $602.00K | $600.00K | $592.00K | $600.00K | $607.00K | $600.00K | $822.00K | $359.00K | $238.00K | - | - | - |
| Interest Income | $9.93M | $10.00M | $8.94M | $9.77M | $10.60M | $11.35M | $12.02M | $12.06M | $12.41M | $10.48M | $7.32M | $6.28M | $5.09M | $3.49M | $1.51M | $816.00K | $682.00K | $605.00K | $349.00K | $247.00K | - | - |
| Other Income/Expense | $2.46M | $-325.00K | $464.00K | $-89.00K | $3.97M | $-338.00K | $50.00K | $-220.00K | $-530.00K | $382.00K | $318.00K | $-330.00K | $8.39M | $114.00K | $133.00K | $88.00K | $169.19M | $3.00K | $-5.00K | $-30.41M | - | - |
| Net Income | $-100.11M | $-105.82M | $-114.70M | $-114.42M | $-114.66M | $-119.57M | $-122.97M | $-120.65M | $-113.36M | $-110.62M | $-116.52M | $-104.65M | $-109.07M | $-117.66M | $-94.83M | $-90.35M | $-67.23M | $15.35M | $80.99M | $-75.08M | $-1.46M | $-62.86K |
| Basic EPS | -0.17 | -0.18 | -0.20 | -0.21 | -0.22 | -0.23 | -0.25 | -0.24 | -0.23 | -0.23 | -0.26 | -0.24 | -0.25 | -0.27 | -0.22 | nan | -0.16 | 0.04 | 0.20 | nan | nan | nan |
| Diluted EPS | -0.17 | -0.18 | -0.20 | -0.21 | -0.22 | -0.23 | -0.25 | -0.24 | -0.23 | -0.23 | -0.26 | -0.24 | -0.25 | -0.27 | -0.22 | nan | -0.16 | -0.13 | -0.12 | nan | nan | nan |
| Basic Shares Outstanding | - | 588.7M | 561.7M | 548.0M | 6.0M | 509.0M | 501.2M | 496.1M | 9.7M | 471.8M | 445.3M | 440.1M | 1.3M | 434.1M | 431.5M | - | 6.9M | 417.8M | 405.0M | - | 7.1M | - |
| Diluted Shares Outstanding | - | 588.7M | 561.7M | 548.0M | 6.0M | 509.0M | 501.2M | 496.1M | 9.7M | 471.8M | 445.3M | 440.1M | 1.3M | 434.1M | 431.5M | - | 5.1M | 420.6M | 410.4M | - | - | - |
| 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) |
Q1 2024 (Mar 31, 2024) |
Q4 2023 (Dec 31, 2023) |
Q3 2023 (Sep 30, 2023) |
Q2 2023 (Jun 30, 2023) |
Q1 2023 (Mar 31, 2023) |
Q4 2022 (Dec 31, 2022) |
Q3 2022 (Sep 30, 2022) |
Q2 2022 (Jun 30, 2022) |
Q1 2022 (Mar 31, 2022) |
Q4 2021 (Dec 31, 2021) |
Q3 2021 (Sep 30, 2021) |
Q2 2021 (Jun 30, 2021) |
Q1 2021 (Mar 31, 2021) |
Q3 2020 (Sep 30, 2020) |
Q2 2020 (Jun 30, 2020) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Cash Equivalents | $230.52M | $225.83M | $172.45M | $153.56M | $140.87M | $174.71M | $196.39M | $192.32M | $142.52M | $250.82M | $232.84M | $241.21M | $235.39M | $297.96M | $343.37M | $283.01M | $320.70M | $346.16M | $402.39M | $762.34M | $1.00M | $1.74M |
| Short-term Investments | $740.28M | $777.91M | $625.04M | $706.75M | $769.90M | $666.31M | $741.47M | $817.31M | $928.28M | $876.61M | $676.83M | $741.94M | $826.34M | $857.34M | $924.75M | $1.07B | $1.13B | $1.20B | $1.17B | $771.10M | - | - |
| Other Current Assets | $10.84M | $11.80M | $8.75M | $11.17M | $11.52M | $12.70M | $35.61M | $35.40M | $12.71M | $10.13M | $8.95M | $11.48M | $10.59M | $10.35M | $10.33M | $13.79M | $15.76M | $8.61M | $10.62M | $8.50M | - | - |
| Total Current Assets | $981.64M | $1.02B | $806.24M | $871.48M | $922.29M | $853.71M | $973.47M | $1.05B | $1.08B | $1.14B | $918.62M | $994.62M | $1.07B | $1.17B | $1.28B | $1.36B | $1.46B | $1.55B | $1.58B | $1.54B | $1.29M | $1.98M |
| Property Plant & Equipment | $251.45M | $250.32M | $266.39M | $289.46M | $299.99M | $317.51M | $321.53M | $315.64M | $313.16M | $321.90M | $323.87M | $311.36M | $295.93M | $268.23M | $233.78M | $200.74M | $166.18M | $135.68M | $91.22M | $59.53M | - | - |
| Other Non-current Assets | $21.59M | $22.13M | $26.13M | $26.25M | $26.38M | $25.08M | $24.10M | $24.28M | $24.29M | $23.33M | $19.86M | $18.33M | $18.35M | $18.25M | $18.43M | $18.12M | $18.23M | $11.07M | $12.22M | $2.83M | - | - |
| Total Assets | $1.31B | $1.34B | $1.17B | $1.26B | $1.32B | $1.27B | $1.40B | $1.46B | $1.50B | $1.57B | $1.35B | $1.41B | $1.48B | $1.54B | $1.62B | $1.67B | $1.72B | $1.76B | $1.74B | $1.62B | $231.36M | $231.98M |
| Accounts Payable | $11.82M | $6.45M | $6.48M | $7.79M | $6.47M | $9.63M | $15.23M | $11.51M | $12.96M | $9.62M | $12.47M | $17.20M | $21.42M | $17.21M | $23.11M | $10.12M | $14.18M | $22.40M | $14.13M | $9.87M | $15.24K | $255.68K |
| Accrued Liabilities | $14.52M | $13.99M | $18.43M | $22.18M | $17.45M | $19.67M | $66.53M | $72.33M | $10.18M | $10.03M | $8.21M | $10.39M | $7.48M | $15.22M | $4.95M | $8.82M | $6.08M | $6.37M | $3.66M | $4.16M | $1.16M | $117.00K |
| Total Current Liabilities | $61.55M | $48.04M | $49.17M | $52.31M | $64.88M | $60.69M | $112.40M | $100.67M | $57.09M | $46.30M | $47.73M | $43.52M | $46.81M | $45.39M | $39.81M | $28.05M | $30.61M | $36.28M | $25.27M | $21.35M | $1.34M | $488.22K |
| Other Non-current Liabilities | $14.87M | $14.50M | $14.32M | $15.52M | $14.89M | $13.57M | $13.14M | $13.07M | $11.99M | $11.71M | $11.81M | $10.16M | $8.49M | $7.59M | $6.86M | $5.77M | $315.00K | - | - | - | - | - |
| Total Liabilities | $139.18M | $127.48M | $143.59M | $150.29M | $164.55M | $161.35M | $214.70M | $204.32M | $161.80M | $152.75M | $156.29M | $152.47M | $155.86M | $155.32M | $150.76M | $132.62M | $107.06M | $102.50M | $234.95M | $320.74M | $9.39M | $8.54M |
| Common Stock | $61.00K | $60.00K | $56.00K | $56.00K | $54.00K | $51.00K | $50.00K | $50.00K | $49.00K | $49.00K | $45.00K | $44.00K | $44.00K | $43.00K | $43.00K | $43.00K | $43.00K | $42.00K | $41.00K | $39.00K | - | - |
| Retained Earnings | $-3.79B | $-3.69B | $-3.59B | $-3.47B | $-3.36B | $-3.24B | $-3.12B | $-3.00B | $-2.88B | $-2.77B | $-2.66B | $-2.54B | $-2.44B | $-2.33B | $-2.21B | $-2.11B | $-2.02B | $-1.96B | $-1.97B | $-2.05B | $-1.53M | $-62.86K |
| Total Stockholders Equity | $1.17B | $1.22B | $1.02B | $1.11B | $1.16B | $1.11B | $1.18B | $1.26B | $1.34B | $1.41B | $1.19B | $1.26B | $1.32B | $1.39B | $1.47B | $1.53B | $1.61B | $1.66B | $1.51B | $1.29B | $5.00M | $5.00M |
| Total Liabilities & Equity | $1.31B | $1.34B | $1.17B | $1.26B | $1.32B | $1.27B | $1.40B | $1.46B | $1.50B | $1.57B | $1.35B | $1.41B | $1.48B | $1.54B | $1.62B | $1.67B | $1.72B | $1.76B | $1.74B | $1.62B | $231.36M | $231.98M |
| 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) |
Q1 2024 (Mar 31, 2024) |
Q4 2023 (Dec 31, 2023) |
Q3 2023 (Sep 30, 2023) |
Q2 2023 (Jun 30, 2023) |
Q1 2023 (Mar 31, 2023) |
Q4 2022 (Dec 31, 2022) |
Q3 2022 (Sep 30, 2022) |
Q2 2022 (Jun 30, 2022) |
Q1 2022 (Mar 31, 2022) |
Q4 2021 (Dec 31, 2021) |
Q3 2021 (Sep 30, 2021) |
Q2 2021 (Jun 30, 2021) |
Q1 2021 (Mar 31, 2021) |
Q3 2020 (Sep 30, 2020) |
Q2 2020 (Jun 30, 2020) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $-100.11M | $-105.82M | $-114.70M | $-114.42M | $-114.66M | $-119.57M | $-122.97M | $-120.65M | $-113.36M | $-331.79M | $-116.52M | $-104.65M | $-109.07M | $-117.66M | $-185.18M | $-90.35M | $-67.23M | $15.35M | $80.99M | $-75.08M | $-1.46M | $-62.86K |
| Depreciation & Amortization | $13.60M | $14.20M | $37.80M | $18.34M | $17.99M | $39.80M | $24.85M | $11.98M | $10.78M | $31.18M | $19.53M | $9.51M | $9.30M | $18.98M | $10.51M | $4.72M | $3.58M | $7.63M | $5.16M | $2.20M | - | - |
| Stock-based Compensation | $31.34M | $29.20M | $66.89M | $40.64M | $34.18M | $110.47M | $67.11M | $19.29M | $37.92M | $128.37M | $87.98M | $37.99M | $34.12M | $92.98M | $59.41M | $28.48M | $16.16M | $36.01M | $23.28M | $11.68M | - | - |
| Change in Payables | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $15.24K | $227.50K |
| Operating Cash Flow | $-56.15M | $-186.32M | $-122.59M | $-60.75M | $-58.66M | $-215.90M | $-123.10M | $-57.95M | $-57.47M | $-182.55M | $-119.99M | $-62.32M | $-62.92M | $-155.11M | $-98.73M | $-47.40M | $-44.61M | $-83.30M | $-54.44M | $-21.54M | $-709.35K | $-27.61K |
| Capital Expenditure | $12.28M | $24.00M | $14.14M | $5.83M | $11.16M | $50.97M | $33.04M | $14.12M | $13.80M | $70.71M | $52.73M | $28.01M | $37.84M | $121.00M | $66.92M | $39.29M | $44.78M | $82.40M | $43.66M | $13.27M | - | - |
| Purchases of Investments | $252.19M | $824.86M | $384.13M | $213.35M | $436.18M | $858.92M | $690.24M | $265.26M | $379.57M | $731.46M | $290.78M | $100.42M | $167.30M | $402.25M | $250.79M | $183.89M | $270.77M | $1.11B | $819.34M | - | - | - |
| Investing Cash Flow | $32.02M | $-17.09M | $139.29M | $62.03M | $-109.07M | $237.94M | $171.81M | $106.50M | $-53.97M | $-98.56M | $110.45M | $64.09M | $-2.12M | $126.24M | $116.63M | $8.43M | $19.43M | $-405.26M | $-330.54M | $97.84M | $-230.00M | $-230.00M |
| Stock Issued | - | $268.65M | $1.03M | $1.01M | - | - | - | - | $-267.00K | $288.43M | - | - | - | - | - | - | - | $462.93M | $462.93M | $463.82M | $25.00K | $25.00K |
| Financing Cash Flow | $27.28M | $285.52M | $14.88M | $11.40M | $133.89M | $10.14M | $5.15M | $1.24M | $3.14M | $297.07M | $6.99M | $4.05M | $2.47M | $6.12M | $4.77M | $1.29M | $6.74M | $729.81M | $683.65M | $572.82M | $231.71M | $231.77M |
| Net Change in Cash | $3.15M | $82.11M | $31.59M | $12.69M | $-33.84M | $32.18M | $53.86M | $49.80M | $-108.30M | $15.96M | $-2.55M | $5.82M | $-62.57M | $-22.74M | $22.67M | $-37.69M | $-18.43M | $241.25M | $298.67M | $649.12M | $1.00M | $1.74M |
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.