$601.80M
Revenue
$-198.21M
Net Income
34.43%
Gross Margin
-38.03%
Op. Margin
$-542.89M
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) |
|---|---|---|---|---|---|---|
| Total Revenue | $601.80M | $601.80M | $436.21M | $244.59M | $211.00M | $62.24M |
| Revenue Growth % | 0.0% | 38.0% | 78.3% | 15.9% | 239.0% | nan% |
| Cost of Revenue | $394.62M | $394.62M | $320.06M | $193.18M | $192.01M | $64.13M |
| Gross Profit | $207.18M | $207.18M | $116.15M | $51.41M | $18.99M | $-1.89M |
| Gross Margin % | 34.4% | 34.4% | 26.6% | 21.0% | 9.0% | -3.0% |
| Operating Expenses | $436.02M | $436.02M | $305.95M | $229.33M | $154.19M | $100.16M |
| Research & Development | $270.72M | $270.72M | $174.39M | $119.05M | $65.17M | $41.77M |
| Selling General & Admin | $165.30M | $165.30M | $131.56M | $110.27M | $89.03M | $58.40M |
| Operating Income | $-228.84M | $-228.84M | $-189.80M | $-177.92M | $-135.20M | $-102.05M |
| Operating Margin % | -38.0% | -38.0% | -43.5% | -72.7% | -64.1% | -164.0% |
| Interest Expense | $46.42M | $24.55M | $16.29M | $15.55M | $10.75M | $3.99M |
| Other Income/Expense | $4.38M | $4.38M | $4.43M | $3.71M | $1.01M | $-798.00K |
| Income Before Tax | $-225.90M | $-225.90M | $-189.41M | $-178.92M | $-132.95M | $-124.84M |
| Income Tax Expense | $-27.69M | $-27.69M | $764.00K | $3.65M | $3.00M | $-7.52M |
| Net Income | $-198.21M | $-198.21M | $-190.18M | $-182.57M | $-135.94M | $-117.32M |
| Net Margin % | -32.9% | -32.9% | -43.6% | -74.6% | -64.4% | -188.5% |
| Basic EPS | -0.37 | -0.37 | -0.38 | -0.38 | -0.29 | -0.56 |
| Diluted EPS | -0.37 | -0.37 | -0.38 | -0.38 | -0.29 | -0.56 |
| Basic Shares Outstanding | - | 530.7M | 495.9M | 481.8M | 466.2M | 209.9M |
| Diluted Shares Outstanding | - | 530.7M | 495.9M | 481.8M | 466.2M | 209.9M |
| 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 | $828.66M | $271.04M | $162.52M | $242.51M | $690.96M |
| Short-term Investments | $187.92M | $147.95M | $82.25M | $229.28M | - |
| Accounts Receivable | $39.00M | $36.44M | $35.18M | $36.57M | $13.96M |
| Inventory | $158.41M | $119.07M | $107.86M | $92.28M | $47.90M |
| Other Current Assets | $9.84M | $4.99M | $66.95M | $52.20M | $19.45M |
| Total Current Assets | $1.37B | $692.62M | $476.72M | $662.29M | $774.76M |
| Property Plant & Equipment | $319.47M | $194.84M | $145.41M | $101.51M | $65.34M |
| Goodwill | $205.75M | $71.02M | $71.02M | $71.02M | $43.31M |
| Intangible Assets | $224.75M | $58.64M | $68.09M | $79.69M | $57.49M |
| Long-term Investments | $82.25M | $60.69M | $79.25M | $9.19M | - |
| Other Non-current Assets | $15.67M | $31.21M | $18.91M | $7.30M | $4.55M |
| Total Assets | $2.32B | $1.18B | $941.21M | $989.12M | $980.85M |
| Accounts Payable | $72.70M | $53.06M | $29.30M | $12.08M | $3.49M |
| Accrued Liabilities | $19.30M | $19.46M | $5.59M | $8.72M | $10.98M |
| Deferred Revenue | $195.44M | $216.16M | $139.34M | $108.34M | $59.75M |
| Other Current Liabilities | $21.24M | $17.95M | $15.04M | $22.25M | $11.00M |
| Total Current Liabilities | $334.48M | $339.52M | $223.37M | $162.94M | $96.31M |
| Long-term Debt | $152.40M | $345.39M | - | $100.04M | $97.30M |
| Deferred Tax Liabilities | $1.24M | $891.00K | $426.00K | $95.00K | $466.00K |
| Other Non-current Liabilities | $12.95M | $5.10M | $3.94M | $3.00M | $1.80M |
| Total Liabilities | $602.62M | $801.89M | $386.67M | $315.92M | $282.40M |
| Common Stock | $54.00K | $50.00K | $49.00K | $48.00K | $45.00K |
| Retained Earnings | $-1.01B | $-813.70M | $-623.53M | $-440.95M | $-305.01M |
| Total Stockholders Equity | $1.72B | $382.45M | $554.54M | $673.21M | $698.45M |
| Total Liabilities & Equity | $2.32B | $1.18B | $941.21M | $989.12M | $980.85M |
| 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 | $-198.21M | $-198.21M | $-190.18M | $-182.57M | $-135.94M | $-117.32M |
| Depreciation & Amortization | $70.11M | $43.94M | $33.66M | $29.74M | $29.95M | $10.85M |
| Stock-based Compensation | $127.50M | $71.10M | $56.82M | $53.46M | $55.65M | $32.56M |
| Deferred Income Tax | - | $-30.41M | $1.05M | $398.00K | - | - |
| Change in Receivables | $27.62M | $-667.00K | $1.43M | $-1.45M | $9.43M | $7.79M |
| Change in Inventory | $57.71M | $39.88M | $12.40M | $15.56M | $25.96M | $12.69M |
| Operating Cash Flow | $-297.21M | $-165.52M | $-48.89M | $-98.87M | $-106.54M | $-71.79M |
| Capital Expenditure | $245.68M | $156.28M | $67.09M | $54.71M | $42.41M | $25.70M |
| Acquisitions | - | $132.44M | - | $18.97M | $65.82M | $66.44M |
| Purchases of Investments | $488.28M | $275.32M | $162.16M | $207.27M | $259.57M | - |
| Investing Cash Flow | $-412.02M | $-347.40M | $-98.33M | $12.02M | $-346.08M | $-92.13M |
| Stock Issued | $1.64B | $1.15B | - | - | - | - |
| Financing Cash Flow | $1.59B | $1.07B | $256.68M | $7.37M | $2.04M | $799.94M |
| Net Change in Cash | $884.88M | $558.24M | $108.87M | $-79.44M | $-446.20M | $638.14M |
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-K filings.
Annual data represents full fiscal year results. FY = Fiscal Year ending.