$123.67M
Revenue
$-38.63M
Net Income
-
Gross Margin
-43.83%
Op. Margin
$-158.07M
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) |
|---|---|---|---|---|---|---|
| Total Revenue | $123.67M | $123.67M | $75.62M | - | - | - |
| Revenue Growth % | 0.0% | 63.5% | nan% | nan% | nan% | nan% |
| Operating Expenses | $177.88M | $177.88M | $156.73M | $143.31M | $112.38M | $72.88M |
| Research & Development | $141.50M | $141.50M | $121.56M | $111.27M | $85.06M | $57.16M |
| Operating Income | $-54.21M | $-54.21M | $-81.11M | $-143.31M | $-112.38M | $-72.88M |
| Operating Margin % | -43.8% | -43.8% | -107.3% | nan% | nan% | nan% |
| Other Income/Expense | $14.48M | $14.48M | $10.98M | $8.30M | $3.88M | $-1.08M |
| Income Before Tax | $-39.72M | $-39.72M | $-70.13M | $-135.01M | $-108.50M | - |
| Income Tax Expense | $-1.10M | $-1.10M | $2.57M | $338.00K | - | - |
| Net Income | $-38.63M | $-38.63M | $-72.70M | $-135.35M | $-108.50M | $-73.96M |
| Net Margin % | -31.2% | -31.2% | -96.1% | nan% | nan% | nan% |
| Basic Shares Outstanding | 826K | 83.1M | 73.9M | 51.4M | 47.2M | 25.0M |
| Diluted Shares Outstanding | 128K | 83.1M | 73.9M | 51.4M | 47.2M | 25.0M |
| 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 | $129.88M | $224.25M | $128.10M | $54.91M | $346.07M |
| Other Current Assets | $4.48M | $5.12M | $3.29M | $4.44M | $2.60M |
| Total Current Assets | $393.19M | $377.44M | $236.21M | $275.89M | $348.67M |
| Property Plant & Equipment | $25.99M | $29.48M | $33.80M | $27.07M | $12.32M |
| Other Non-current Assets | $148.00K | $115.00K | $352.00K | $278.00K | - |
| Total Assets | $448.66M | $438.73M | $303.75M | $342.39M | $366.33M |
| Accounts Payable | $3.55M | $17.21M | $11.15M | $7.86M | $6.56M |
| Accrued Liabilities | $26.69M | $18.79M | - | - | - |
| Deferred Revenue | $29.57M | $117.23M | $17.68M | - | - |
| Total Current Liabilities | $64.21M | $156.95M | $46.59M | $25.57M | $16.64M |
| Total Liabilities | $215.60M | $215.80M | $124.50M | $70.98M | $18.81M |
| Common Stock | $7.00K | $6.00K | $5.00K | $5.00K | $5.00K |
| Retained Earnings | $-477.21M | $-438.59M | $-365.89M | $-230.54M | $-122.03M |
| Total Stockholders Equity | $233.06M | $222.94M | $179.25M | $271.41M | $347.51M |
| Total Liabilities & Equity | $448.66M | $438.73M | $303.75M | $342.39M | $366.33M |
| 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 | $-38.63M | $-38.63M | $-72.70M | $-135.35M | $-108.50M | $-73.96M |
| Stock-based Compensation | $34.35M | $18.86M | $18.13M | $16.67M | $11.66M | $5.20M |
| Change in Payables | $-36.56M | $-13.71M | $6.25M | $5.76M | $-744.00K | $-706.00K |
| Operating Cash Flow | $-148.50M | $-22.80M | $42.00M | $-43.80M | $-92.47M | $-59.36M |
| Capital Expenditure | $9.57M | $4.70M | $3.99M | $19.04M | $12.91M | $9.73M |
| Purchases of Investments | $671.74M | $376.68M | $230.36M | $103.15M | $384.42M | - |
| Investing Cash Flow | $-276.97M | $-101.83M | $-44.45M | $88.80M | $-219.22M | $-9.65M |
| Stock Issued | - | - | - | - | $20.05M | - |
| Dividends Paid | - | - | - | - | - | - |
| Financing Cash Flow | $30.74M | $30.35M | $98.89M | $27.49M | $20.47M | $377.56M |
| Net Change in Cash | $-394.73M | $-94.28M | $96.44M | $72.49M | $-291.22M | $308.55M |
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 | $12.77M | - | $120.89M | - |
| Operating Expenses | $45.74M | - | $125.38M | - |
| Research & Development | $36.68M | - | $99.52M | - |
| Operating Income | $-32.98M | - | $-4.49M | - |
| Other Income/Expense | $2.72M | - | $10.85M | - |
| Income Before Tax | $-30.26M | - | $6.35M | - |
| Income Tax Expense | $-3.18M | - | $-1.16M | - |
| Net Income | $-27.08M | $-30.31M | $7.51M | - |
| Basic Shares Outstanding | $82.40M | - | $82.25M | - |
| Diluted Shares Outstanding | $82.40M | - | $82.94M | - |
Condensed Consolidated Balance Sheets
| Description | Sep 30, 2025 | Dec 31, 2024 |
|---|---|---|
| Cash & Cash Equivalents | $208.34M | $224.25M |
| Other Current Assets | $5.59M | $5.12M |
| Total Current Assets | $401.82M | $377.44M |
| Property Plant & Equipment | $27.60M | $29.48M |
| Other Non-current Assets | $411.00K | $115.00K |
| Total Assets | $459.84M | $438.73M |
| Accounts Payable | $14.51M | $17.21M |
| Deferred Revenue | $24.79M | $117.23M |
| Total Current Liabilities | $61.44M | $156.95M |
| Total Liabilities | $214.00M | $215.80M |
| Common Stock | $6.00K | $6.00K |
| Retained Earnings | $-431.08M | $-438.59M |
| Total Stockholders Equity | $245.84M | $222.94M |
| Total Liabilities & Equity | $459.84M | $438.73M |
Condensed Consolidated Statements of Cash Flows
| Description | Sep 30, 2025 | Sep 30, 2025 | ||
|---|---|---|---|---|
| Current | Prior Year | Current YTD | Prior Year YTD | |
| Net Income | $-27.08M | $-30.31M | $7.51M | - |
| Stock-based Compensation | - | - | $14.56M | - |
| Change in Payables | - | - | $-3.10M | - |
| Operating Cash Flow | - | - | $20.22M | - |
| Capital Expenditure | - | - | $3.93M | - |
| Purchases of Investments | - | - | $223.02M | - |
| Investing Cash Flow | - | - | $-36.77M | - |
| Stock Issued | - | - | - | - |
| Financing Cash Flow | - | - | $727.00K | - |
| Net Change in Cash | - | - | $-15.82M | - |
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.