$123.67M
Revenue
$-38.63M
Net Income
-
Gross Margin
-43.83%
Op. Margin
$-158.07M
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) |
|---|---|---|---|---|---|---|---|
| Total Revenue | $2.78M | $12.77M | $23.19M | $84.93M | $60.65M | $9.22M | $4.70M |
| Revenue Growth % (YoY) | -95.4% | 38.5% | 394.0% | nan% | nan% | nan% | nan% |
| Operating Expenses | $52.50M | $45.74M | $38.75M | $40.89M | $47.64M | $35.74M | $37.34M |
| Research & Development | $41.98M | $36.68M | $30.65M | $32.19M | $38.87M | $27.62M | $28.05M |
| Operating Income | $-49.72M | $-32.98M | $-15.55M | $44.04M | $13.00M | $-26.53M | $-32.64M |
| Operating Margin % | -1787.7% | -258.3% | -67.1% | 51.9% | 21.4% | -287.8% | -695.3% |
| Other Income/Expense | $3.64M | $2.72M | $4.46M | $3.67M | $2.60M | $2.74M | $2.58M |
| Income Before Tax | $-46.08M | $-30.26M | $-11.10M | $47.71M | $15.60M | $-23.79M | $-30.06M |
| Income Tax Expense | $59.00K | $-3.18M | $1.20M | $822.00K | $2.16M | $71.00K | $252.00K |
| Net Income | $-46.13M | $-27.08M | $-12.29M | $46.88M | $13.44M | $-23.86M | $-30.31M |
| Net Margin % | -1658.9% | -212.1% | -53.0% | 55.2% | 22.2% | -258.9% | -645.6% |
| Basic Shares Outstanding | 826K | 82.4M | 82.2M | 82.1M | 2.7M | 82.0M | 71.2M |
| Diluted Shares Outstanding | 128K | 82.4M | 82.2M | 83.0M | 2.7M | 82.0M | 71.2M |
| 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) |
|---|---|---|---|---|---|---|---|
| Cash & Cash Equivalents | $129.88M | $208.34M | $69.43M | $78.53M | $224.25M | $125.58M | $108.85M |
| Accounts Receivable | - | - | - | - | - | - | $9.00M |
| Other Current Assets | $4.48M | $5.59M | $6.50M | $4.80M | $5.12M | $8.43M | $5.85M |
| Total Current Assets | $393.19M | $401.82M | $299.46M | $332.28M | $377.44M | $251.21M | $277.90M |
| Property Plant & Equipment | $25.99M | $27.60M | $29.05M | $29.34M | $29.48M | $31.44M | $33.25M |
| Other Non-current Assets | $148.00K | $411.00K | $445.00K | $440.00K | $115.00K | $159.00K | $209.00K |
| Total Assets | $448.66M | $459.84M | $359.59M | $393.20M | $438.73M | $315.08M | $344.11M |
| Accounts Payable | $3.55M | $14.51M | $5.58M | $6.49M | $17.21M | $3.98M | $6.47M |
| Accrued Liabilities | $26.69M | - | - | - | $18.79M | - | - |
| Deferred Revenue | $29.57M | $24.79M | $18.41M | $32.58M | $117.23M | $18.92M | $19.64M |
| Total Current Liabilities | $64.21M | $61.44M | $41.85M | $59.22M | $156.95M | $41.64M | $42.35M |
| Total Liabilities | $215.60M | $214.00M | $91.51M | $118.04M | $215.80M | $109.62M | $119.44M |
| Common Stock | $7.00K | $6.00K | $6.00K | $6.00K | $6.00K | $6.00K | $6.00K |
| Retained Earnings | $-477.21M | $-431.08M | $-404.00M | $-391.70M | $-438.59M | $-452.02M | $-428.17M |
| Total Stockholders Equity | $233.06M | $245.84M | $268.08M | $275.16M | $222.94M | $205.46M | $224.67M |
| Total Liabilities & Equity | $448.66M | $459.84M | $359.59M | $393.20M | $438.73M | $315.08M | $344.11M |
| 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) |
|---|---|---|---|---|---|---|---|
| Net Income | $-46.13M | $-27.08M | $-12.29M | $46.88M | $13.44M | $-86.14M | $-30.31M |
| Stock-based Compensation | $4.31M | $14.56M | $10.19M | $5.30M | $4.47M | $13.66M | $9.38M |
| Change in Receivables | - | - | - | - | - | - | $9.00M |
| Change in Payables | $-10.61M | $-3.10M | $-11.98M | $-10.87M | $13.31M | $-7.06M | $-4.68M |
| Operating Cash Flow | $-43.01M | $20.22M | $-80.21M | $-45.49M | $128.92M | $-86.93M | $-65.93M |
| Capital Expenditure | $767.00K | $3.93M | $3.28M | $1.59M | $183.00K | $3.81M | $3.41M |
| Purchases of Investments | $153.66M | $223.02M | $157.05M | $138.01M | $67.96M | $162.40M | $130.03M |
| Investing Cash Flow | $-65.07M | $-36.77M | $-74.91M | $-100.23M | $-30.90M | $-13.56M | $-51.30M |
| Stock Issued | - | - | - | - | - | - | - |
| Financing Cash Flow | $29.62M | $727.00K | $379.00K | $14.00K | $608.00K | $98.28M | $98.27M |
| Net Change in Cash | $-78.46M | $-15.82M | $-154.74M | $-145.71M | $98.63M | $-2.20M | $-18.97M |
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-Q filings.
Quarterly data represents single quarter results (Q1-Q4). Some items may show year-to-date values if quarterly breakdown is unavailable.