$601.80M
Revenue
$-198.21M
Net Income
34.43%
Gross Margin
-38.03%
Op. Margin
$-542.89M
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) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | $179.65M | $155.08M | $144.50M | $122.57M | $132.39M | $104.81M | $106.25M | $92.77M | $59.99M | $67.66M | $62.05M | $54.90M | $51.76M | $63.06M |
| Revenue Growth % (YoY) | 35.7% | 48.0% | 36.0% | 32.1% | 120.7% | 54.9% | 71.2% | 69.0% | 15.9% | 7.3% | nan% | nan% | nan% | nan% |
| Cost of Revenue | $111.42M | $97.77M | $98.11M | $87.32M | $95.57M | $76.81M | $79.09M | $68.59M | $44.50M | $52.69M | $47.45M | $48.54M | $49.93M | $54.59M |
| Gross Profit | $68.23M | $57.31M | $46.39M | $35.25M | $36.82M | $28.00M | $27.16M | $24.17M | $15.49M | $14.97M | $14.59M | $6.36M | $1.83M | $8.47M |
| Gross Margin % | 38.0% | 37.0% | 32.1% | 28.8% | 27.8% | 26.7% | 25.6% | 26.1% | 25.8% | 22.1% | 23.5% | 11.6% | 3.5% | 13.4% |
| Operating Expenses | $119.27M | $116.28M | $106.03M | $94.44M | $88.37M | $79.89M | $70.44M | $67.25M | $63.38M | $53.83M | $59.75M | $52.37M | $39.05M | $40.47M |
| Research & Development | $78.78M | $70.69M | $66.13M | $55.11M | $48.26M | $47.72M | $39.91M | $38.50M | $37.49M | $26.63M | $31.04M | $23.91M | $15.02M | $17.51M |
| Selling General & Admin | $40.49M | $45.59M | $39.89M | $39.33M | $40.11M | $32.17M | $30.52M | $28.75M | $25.89M | $27.20M | $28.72M | $28.47M | $24.04M | $22.96M |
| Operating Income | $-51.04M | $-58.97M | $-59.64M | $-59.19M | $-51.55M | $-51.90M | $-43.27M | $-43.08M | $-47.88M | $-38.86M | $-45.16M | $-46.02M | $-37.22M | $-32.00M |
| Operating Margin % | -28.4% | -38.0% | -41.3% | -48.3% | -38.9% | -49.5% | -40.7% | -46.4% | -79.8% | -57.4% | -72.8% | -83.8% | -71.9% | -50.8% |
| Interest Expense | $2.66M | $21.89M | $12.30M | $9.57M | $2.05M | $14.24M | $4.59M | $2.27M | $4.81M | $10.74M | $7.05M | $3.42M | $3.15M | $7.59M |
| Other Income/Expense | $5.06M | $-177.00K | $-977.00K | $479.00K | $1.28M | $1.85M | $1.89M | $-589.00K | $196.00K | $1.18M | $866.00K | $1.48M | $385.00K | $622.00K |
| Income Before Tax | $-41.64M | $-59.35M | $-63.48M | $-61.43M | $-51.67M | $-50.99M | $-42.49M | $-44.26M | $-49.49M | $-39.22M | $-45.13M | $-45.09M | $-38.22M | $-32.92M |
| Income Tax Expense | $11.28M | $-41.09M | $2.94M | $-813.00K | $675.00K | $944.00K | $-860.00K | $5.00K | $1.01M | $1.35M | $761.00K | $526.00K | $-1.01M | $1.69M |
| Net Income | $-52.92M | $-18.26M | $-66.41M | $-60.62M | $-52.34M | $-51.94M | $-41.63M | $-44.26M | $-50.50M | $-40.57M | $-45.89M | $-45.62M | $-37.21M | $-34.61M |
| Net Margin % | -29.5% | -11.8% | -46.0% | -49.5% | -39.5% | -49.6% | -39.2% | -47.7% | -84.2% | -60.0% | -74.0% | -83.1% | -71.9% | -54.9% |
| Basic EPS | -0.09 | -0.03 | -0.13 | -0.12 | -0.10 | -0.10 | -0.08 | -0.09 | -0.10 | -0.08 | -0.10 | -0.10 | -0.08 | -0.07 |
| Diluted EPS | -0.09 | -0.03 | -0.13 | -0.12 | -0.10 | -0.10 | -0.08 | -0.09 | -0.10 | -0.08 | -0.10 | -0.10 | -0.08 | -0.07 |
| Basic Shares Outstanding | - | 528.7M | 515.1M | 505.6M | 2.0M | 497.7M | 494.2M | 490.0M | 1.7M | 484.0M | 479.7M | 476.2M | 2.5M | 469.8M |
| Diluted Shares Outstanding | - | 528.7M | 515.1M | 505.6M | 2.0M | 497.7M | 494.2M | 490.0M | 1.7M | 484.0M | 479.7M | 476.2M | 2.5M | 469.8M |
| 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) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Cash Equivalents | $828.66M | $807.88M | $564.08M | $303.15M | $271.04M | $292.47M | $340.91M | $365.93M | $162.52M | $140.90M | $197.16M | $208.37M | $242.51M | $333.28M |
| Short-term Investments | $187.92M | $168.87M | $124.06M | $125.25M | $147.95M | $149.92M | $155.84M | $126.59M | $82.25M | $147.51M | $144.02M | $190.36M | $229.28M | $169.43M |
| Accounts Receivable | $39.00M | $59.09M | $61.78M | $39.41M | $36.44M | $22.15M | $50.48M | $31.17M | $35.18M | $22.79M | $25.18M | $50.69M | $36.57M | $57.73M |
| Inventory | $158.41M | $145.00M | $130.23M | $125.59M | $119.07M | $114.44M | $104.54M | $99.90M | $107.86M | $102.39M | $102.23M | $98.45M | $92.28M | $86.14M |
| Other Current Assets | $9.84M | $82.81M | $74.01M | $70.51M | $4.99M | $67.07M | $81.32M | $78.61M | $66.95M | $68.34M | $63.52M | $63.20M | $52.20M | $43.81M |
| Total Current Assets | $1.37B | $1.32B | $1.01B | $724.85M | $692.62M | $695.50M | $751.84M | $725.62M | $476.72M | $506.24M | $560.21M | $635.26M | $662.29M | $699.45M |
| Property Plant & Equipment | $319.47M | $278.00M | $249.77M | $213.99M | $194.84M | $170.98M | $155.89M | $148.09M | $145.41M | $135.99M | $120.00M | $95.98M | $101.51M | $93.55M |
| Goodwill | $205.75M | $217.71M | $71.02M | $71.02M | $71.02M | $71.02M | $71.02M | $71.02M | $71.02M | $71.02M | $71.02M | $71.02M | $71.02M | $59.93M |
| Intangible Assets | $224.75M | $231.98M | $53.92M | $56.18M | $58.64M | $61.58M | $64.24M | $66.84M | $68.09M | $70.40M | $73.31M | $76.50M | $79.69M | $82.98M |
| Long-term Investments | $82.25M | $46.20M | $61.16M | $83.95M | $60.69M | $61.29M | $46.41M | $68.57M | $79.25M | $81.95M | $73.94M | $47.92M | $9.19M | $9.75M |
| Other Non-current Assets | $15.67M | $21.37M | $19.46M | $29.71M | $31.21M | $18.41M | $24.03M | $22.88M | $18.91M | $17.98M | $12.89M | $7.10M | $7.30M | $1.47M |
| Total Assets | $2.32B | $2.22B | $1.55B | $1.25B | $1.18B | $1.15B | $1.19B | $1.18B | $941.21M | $950.49M | $981.50M | $990.91M | $989.12M | $1.00B |
| Accounts Payable | $72.70M | $61.23M | $71.00M | $70.20M | $53.06M | $42.43M | $26.47M | $26.00M | $29.30M | $24.98M | $25.87M | $22.85M | $12.08M | $13.27M |
| Accrued Liabilities | $19.30M | $17.96M | $23.20M | $12.14M | $19.46M | $8.06M | $11.94M | $9.09M | $5.59M | $6.00M | $6.49M | $8.68M | $8.72M | $9.59M |
| Deferred Revenue | $195.44M | $208.24M | $223.43M | $206.87M | $216.16M | $167.13M | $184.04M | $150.53M | $139.34M | $133.79M | $134.57M | $125.64M | $108.34M | $112.65M |
| Other Current Liabilities | $21.24M | $27.76M | $18.43M | $16.46M | $17.95M | $20.48M | $18.73M | $21.91M | $15.04M | $18.89M | $20.49M | $24.86M | $22.25M | $14.39M |
| Total Current Liabilities | $334.48M | $414.46M | $376.45M | $348.12M | $339.52M | $269.20M | $266.44M | $232.46M | $223.37M | $303.75M | $305.94M | $197.29M | $162.94M | $161.34M |
| Long-term Debt | $152.40M | $347.01M | $346.47M | $345.93M | $345.39M | $46.91M | $50.06M | $52.72M | - | - | - | $100.72M | $100.04M | $99.34M |
| Deferred Tax Liabilities | $1.24M | $3.01M | $1.18M | $1.03M | $891.00K | $726.00K | $619.00K | $530.00K | $426.00K | $308.00K | $237.00K | $170.00K | $95.00K | $22.00K |
| Other Non-current Liabilities | $12.95M | $23.42M | $5.48M | $5.34M | $5.10M | $4.54M | $3.95M | $4.16M | $3.94M | $3.64M | $5.72M | $3.35M | $3.00M | $2.58M |
| Total Liabilities | $602.62M | $940.41M | $864.75M | $823.68M | $801.89M | $733.19M | $733.42M | $702.98M | $386.67M | $364.69M | $370.45M | $350.89M | $315.92M | $310.53M |
| Common Stock | $54.00K | $50.00K | $48.00K | $46.00K | $50.00K | $50.00K | $50.00K | $49.00K | $49.00K | $49.00K | $48.00K | $48.00K | $48.00K | $47.00K |
| Retained Earnings | $-1.01B | $-958.99M | $-940.73M | $-874.32M | $-813.70M | $-761.36M | $-709.42M | $-667.79M | $-623.53M | $-573.03M | $-532.46M | $-486.57M | $-440.95M | $-403.75M |
| Total Stockholders Equity | $1.72B | $1.28B | $688.49M | $431.29M | $382.45M | $419.83M | $455.18M | $478.95M | $554.54M | $585.80M | $611.05M | $640.02M | $673.21M | $690.84M |
| Total Liabilities & Equity | $2.32B | $2.22B | $1.55B | $1.25B | $1.18B | $1.15B | $1.19B | $1.18B | $941.21M | $950.49M | $981.50M | $990.91M | $989.12M | $1.00B |
| 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) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $-52.92M | $-18.26M | $-66.41M | $-60.62M | $-52.34M | $-137.83M | $-41.63M | $-44.26M | $-50.50M | $-132.07M | $-91.51M | $-45.62M | $-37.21M | $-34.61M |
| Depreciation & Amortization | $14.74M | $29.19M | $17.46M | $8.71M | $9.14M | $24.52M | $16.42M | $8.31M | $8.17M | $21.58M | $13.79M | $7.03M | $8.36M | $21.59M |
| Stock-based Compensation | $18.20M | $52.89M | $37.17M | $19.23M | $16.87M | $39.94M | $27.05M | $13.09M | $10.06M | $43.40M | $29.30M | $14.04M | $12.34M | $43.31M |
| Change in Receivables | $-20.11M | $19.44M | $25.32M | $2.97M | $14.36M | $-12.93M | $15.42M | $-3.94M | $12.35M | $-13.80M | $-11.43M | $14.12M | $-21.32M | $30.75M |
| Change in Inventory | $14.32M | $25.57M | $11.51M | $6.31M | $5.28M | $7.12M | $-2.53M | $-7.51M | $4.63M | $10.93M | $10.61M | $6.71M | $8.33M | $17.64M |
| Operating Cash Flow | $-64.53M | $-100.99M | $-77.47M | $-54.23M | $-2.39M | $-46.50M | $-15.59M | $-2.59M | $-42.22M | $-56.65M | $-31.45M | $-25.39M | $-18.95M | $-87.59M |
| Capital Expenditure | $49.65M | $106.63M | $60.72M | $28.68M | $21.55M | $45.54M | $34.52M | $19.18M | $10.41M | $44.29M | $23.25M | $12.67M | $14.99M | $27.42M |
| Acquisitions | - | $132.44M | - | - | - | - | - | - | $2.03M | $16.93M | $16.12M | - | - | $65.82M |
| Purchases of Investments | $87.54M | $187.78M | $128.32M | $84.64M | $12.61M | $149.55M | $113.27M | $79.36M | - | $207.27M | $132.00M | $76.39M | $79.71M | $179.85M |
| Investing Cash Flow | $-104.15M | $-243.25M | $-36.02M | $-28.60M | $-17.93M | $-80.40M | $-63.10M | $-52.26M | $61.17M | $-49.15M | $-17.19M | $-10.97M | $-73.22M | $-272.86M |
| Stock Issued | $280.60M | $865.45M | $396.65M | $92.81M | - | - | - | - | - | - | - | - | - | - |
| Financing Cash Flow | $189.54M | $881.73M | $406.05M | $115.50M | $183.00K | $256.50M | $256.94M | $258.71M | $2.51M | $4.86M | $4.00M | $2.06M | $472.00K | $1.57M |
| Net Change in Cash | $20.84M | $537.41M | $293.69M | $32.95M | $-21.49M | $130.36M | $178.12M | $203.34M | $21.94M | $-101.38M | $-45.12M | $-34.17M | $-90.42M | $-355.79M |
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 | $155.08M | - | $422.15M | - |
| Cost of Revenue | $97.77M | - | $283.20M | - |
| Gross Profit | $57.31M | - | $138.95M | - |
| Operating Expenses | $116.28M | - | $316.75M | - |
| Research & Development | $70.69M | - | $191.94M | - |
| Selling General & Admin | $45.59M | - | $124.81M | - |
| Operating Income | $-58.97M | - | $-177.80M | - |
| Interest Expense | - | - | $21.89M | - |
| Other Income/Expense | $-177.00K | - | $-675.00K | - |
| Income Before Tax | $-59.35M | - | $-184.25M | - |
| Income Tax Expense | $-41.09M | - | $-38.97M | - |
| Net Income | $-18.26M | $-41.63M | $-145.29M | - |
| Basic EPS | -0.03 | - | -0.28 | - |
| Diluted EPS | -0.03 | - | -0.28 | - |
| Basic Shares Outstanding | $528.73M | - | $516.56M | - |
| Diluted Shares Outstanding | $528.73M | - | $516.56M | - |
Condensed Consolidated Balance Sheets
| Description | Sep 30, 2025 | Dec 31, 2024 |
|---|---|---|
| Cash & Cash Equivalents | $807.88M | $271.04M |
| Short-term Investments | $168.87M | $147.95M |
| Accounts Receivable | $59.09M | $36.44M |
| Inventory | $145.00M | $119.07M |
| Other Current Assets | $82.81M | $55.01M |
| Total Current Assets | $1.32B | $692.62M |
| Property Plant & Equipment | $278.00M | $194.84M |
| Goodwill | $217.71M | $71.02M |
| Intangible Assets | $231.98M | $58.64M |
| Long-term Investments | $46.20M | $60.69M |
| Other Non-current Assets | $21.37M | $31.21M |
| Total Assets | $2.22B | $1.18B |
| Accounts Payable | $61.23M | $53.06M |
| Accrued Liabilities | $17.96M | $19.46M |
| Deferred Revenue | $208.24M | $216.16M |
| Other Current Liabilities | $27.76M | $17.95M |
| Total Current Liabilities | $414.46M | $339.52M |
| Long-term Debt | $347.01M | $345.39M |
| Deferred Tax Liabilities | $3.01M | $891.00K |
| Other Non-current Liabilities | $23.42M | $5.10M |
| Total Liabilities | $940.41M | $801.89M |
| Common Stock | $50.00K | $50.00K |
| Retained Earnings | $-958.99M | $-813.70M |
| Total Stockholders Equity | $1.28B | $382.45M |
| Total Liabilities & Equity | $2.22B | $1.18B |
Condensed Consolidated Statements of Cash Flows
| Description | Sep 30, 2025 | Sep 30, 2025 | ||
|---|---|---|---|---|
| Current | Prior Year | Current YTD | Prior Year YTD | |
| Net Income | $-18.26M | $-41.63M | $-145.29M | - |
| Depreciation & Amortization | - | - | $29.19M | - |
| Stock-based Compensation | - | - | $52.89M | - |
| Change in Receivables | - | - | $19.44M | - |
| Change in Inventory | - | - | $25.57M | - |
| Operating Cash Flow | - | - | $-100.99M | - |
| Capital Expenditure | - | - | $106.63M | - |
| Acquisitions | - | - | $132.44M | - |
| Purchases of Investments | - | - | $187.78M | - |
| Investing Cash Flow | - | - | $-243.25M | - |
| Stock Issued | - | - | $865.45M | - |
| Financing Cash Flow | - | - | $881.73M | - |
| Net Change in Cash | - | - | $537.41M | - |
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.