$589.13M
Revenue
$-307.37M
Net Income
38.88%
Gross Margin
-26.10%
Op. Margin
$-164.53M
Free Cash Flow
| Breakdown | TTM (Jun 30, 2025) |
FY 2024 (Dec 31, 2024) |
FY 2023 (Dec 31, 2023) |
FY 2022 (Dec 31, 2022) |
FY 2021 (Dec 31, 2021) |
|---|---|---|---|---|---|
| Total Revenue | $589.13M | $621.27M | $602.07M | $461.08M | - |
| Revenue Growth % | -5.2% | 3.2% | 30.6% | nan% | nan% |
| Cost of Revenue | $360.05M | $377.24M | $392.90M | $320.02M | $201.44M |
| Gross Profit | $229.08M | $244.03M | $209.17M | $141.07M | $-201.44M |
| Gross Margin % | 38.9% | 39.3% | 34.7% | 30.6% | nan% |
| Operating Expenses | $742.91M | $803.89M | $880.11M | $747.70M | $492.89M |
| Research & Development | $15.26M | $16.52M | $22.36M | $28.90M | $19.09M |
| Operating Income | $-153.78M | $-182.62M | $-278.04M | $-286.61M | $-8.90M |
| Operating Margin % | -26.1% | -29.4% | -46.2% | -62.2% | nan% |
| Interest Expense | - | - | - | $2.49M | $4.55M |
| Other Income/Expense | $16.10M | $9.91M | $3.86M | $-7.56M | $9.89M |
| Income Before Tax | $-309.26M | $-226.09M | $-296.60M | $-165.21M | $-10.58M |
| Income Tax Expense | $-1.89M | $-2.01M | $-933.00K | $533.00K | - |
| Net Income | $-307.37M | $-224.09M | $-295.67M | $-165.74M | $-10.58M |
| Net Margin % | -52.2% | -36.1% | -49.1% | -35.9% | nan% |
| Basic EPS | -27.47 | -20.69 | -27.04 | -0.80 | -25.02 |
| Diluted EPS | -27.47 | -20.69 | -27.04 | -0.80 | -25.02 |
| Breakdown | FY 2024 (Dec 31, 2024) |
FY 2023 (Dec 31, 2023) |
FY 2022 (Dec 31, 2022) |
FY 2021 (Dec 31, 2021) |
|---|---|---|---|---|
| Cash & Cash Equivalents | $20.79M | $95.76M | $246.62M | $263.94K |
| Accounts Receivable | $13.92M | $8.00M | $5.61M | $4.64M |
| Other Current Assets | $9.73M | $11.35M | $10.06M | $16.42M |
| Total Current Assets | $99.85M | $161.21M | $312.93M | $1.28M |
| Property Plant & Equipment | $5.93M | $22.77M | $34.93M | $27.46M |
| Other Non-current Assets | $17.54M | $15.15M | $16.27M | $22.04M |
| Total Assets | $1.14B | $1.52B | $1.57B | $451.34M |
| Accounts Payable | $33.72M | $23.56M | $16.08M | $19.10M |
| Accrued Liabilities | $32.62M | $38.63M | $20.13M | $5.94M |
| Deferred Revenue | $71.73M | $61.97M | $41.66M | $18.81M |
| Other Current Liabilities | $5.51M | $2.59M | - | - |
| Total Current Liabilities | $338.55M | $506.24M | $250.64M | $35.87M |
| Long-term Debt | $217.24M | $1.50M | $172.95M | $10.74M |
| Other Non-current Liabilities | $8.11M | $652.00K | $3.43M | $3.91M |
| Total Liabilities | $1.57B | $1.90B | $1.59B | $51.62M |
| Common Stock | $1.00K | $1.00K | $21.00K | $1.00K |
| Retained Earnings | $-1.58B | $-1.36B | $-980.55M | $-50.28M |
| Total Stockholders Equity | $-598.79M | $-376.70M | $-19.95M | $-50.28M |
| Total Liabilities & Equity | $1.14B | $1.52B | $1.57B | $451.34M |
| Breakdown | TTM (Jun 30, 2025) |
FY 2024 (Dec 31, 2024) |
FY 2023 (Dec 31, 2023) |
FY 2022 (Dec 31, 2022) |
FY 2021 (Dec 31, 2021) |
|---|---|---|---|---|---|
| Net Income | $-307.37M | $-224.09M | $-295.67M | $-165.74M | $-10.58M |
| Depreciation & Amortization | $24.17M | $16.99M | $22.15M | $23.91M | $17.71M |
| Stock-based Compensation | $11.08M | $8.01M | $28.49M | $22.96M | $25.25M |
| Change in Receivables | $11.22M | $15.34M | $2.59M | $1.69M | $3.07M |
| Change in Payables | $40.78M | $11.56M | $6.81M | $-28.12M | $8.20M |
| Operating Cash Flow | $-157.55M | $-129.22M | $-110.90M | $-149.01M | $-2.67M |
| Capital Expenditure | $6.98M | $3.11M | $10.57M | $28.20M | $16.16M |
| Investing Cash Flow | $10.07M | $5.73M | $-12.36M | $-30.99M | $-450.06M |
| Debt Repayment | $1.76M | $1.01M | $35.24M | $27.75M | $18.78M |
| Stock Issued | - | - | - | - | - |
| Financing Cash Flow | $77.08M | $59.85M | $-32.23M | $400.60M | $452.84M |
| Net Change in Cash | $-71.07M | $-64.44M | $-152.69M | $219.25M | $103.63K |
SEC Filing Format - Data shown as it appears in the Q2 2025 (10-Q) filing
Period ended: Jun 30, 2025
Condensed Consolidated Statements of Operations
| Description | Jun 30, 2025 | Jun 30, 2025 | ||
|---|---|---|---|---|
| Current | Prior Year | Current YTD | Prior Year YTD | |
| Total Revenue | $147.09M | - | $265.94M | - |
| Cost of Revenue | $80.97M | - | $177.82M | - |
| Operating Expenses | $153.97M | - | $336.46M | - |
| Research & Development | $3.86M | - | $7.80M | - |
| Operating Income | $-6.88M | - | $-70.52M | - |
| Other Income/Expense | $2.34M | - | $8.52M | - |
| Income Before Tax | $-44.70M | - | $-100.48M | - |
| Income Tax Expense | $-180.00K | - | $537.00K | - |
| Net Income | $-44.52M | $-50.49M | $-101.02M | - |
| Basic EPS | -3.96 | - | -8.44 | - |
| Diluted EPS | -3.96 | - | -8.44 | - |
Condensed Consolidated Balance Sheets
| Description | Jun 30, 2025 | Dec 31, 2024 |
|---|---|---|
| Cash & Cash Equivalents | $27.13M | $20.79M |
| Accounts Receivable | $12.00M | $13.92M |
| Other Current Assets | $11.61M | $9.73M |
| Total Current Assets | $97.16M | $99.85M |
| Property Plant & Equipment | $4.39M | $5.93M |
| Other Non-current Assets | $21.12M | $17.54M |
| Total Assets | $1.00B | $1.14B |
| Accounts Payable | $49.19M | $33.72M |
| Accrued Liabilities | $36.17M | $32.62M |
| Deferred Revenue | $96.15M | $71.73M |
| Other Current Liabilities | $19.82M | $5.51M |
| Total Current Liabilities | $388.15M | $338.55M |
| Long-term Debt | $217.92M | $217.24M |
| Other Non-current Liabilities | $16.14M | $8.11M |
| Total Liabilities | $1.49B | $1.57B |
| Common Stock | $1.00K | $1.00K |
| Retained Earnings | $-1.68B | $-1.58B |
| Total Stockholders Equity | $-715.44M | $-598.79M |
| Total Liabilities & Equity | $1.00B | $1.14B |
Condensed Consolidated Statements of Cash Flows
| Description | Jun 30, 2025 | Jun 30, 2025 | ||
|---|---|---|---|---|
| Current | Prior Year | Current YTD | Prior Year YTD | |
| Net Income | $-44.52M | $-50.49M | $-101.02M | - |
| Depreciation & Amortization | - | - | $4.59M | - |
| Stock-based Compensation | - | - | $803.00K | - |
| Change in Receivables | - | - | $-1.19M | - |
| Change in Payables | - | - | $13.96M | - |
| Operating Cash Flow | - | - | $-23.97M | - |
| Capital Expenditure | - | - | $2.65M | - |
| Investing Cash Flow | - | - | $5.30M | - |
| Debt Repayment | - | - | $500.00K | - |
| Financing Cash Flow | - | - | $17.48M | - |
| Net Change in Cash | - | - | $-1.10M | - |
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.