$210.06M
Revenue
$-83.29M
Net Income
-136.73%
Gross Margin
-41.53%
Op. Margin
$-56.67M
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 | $210.06M | $210.06M | $228.00M | $79.52M | $85.95M | - |
| Revenue Growth % | 0.0% | -7.9% | 186.7% | -7.5% | nan% | nan% |
| Cost of Revenue | $497.27M | $497.88M | $624.69M | $100.47M | $75.51M | - |
| Gross Profit | $-287.22M | $-287.82M | $-396.69M | $-20.95M | $10.43M | - |
| Gross Margin % | -136.7% | -137.0% | -174.0% | -26.3% | 12.1% | nan% |
| Operating Expenses | $297.29M | $297.29M | $285.40M | $135.76M | $91.45M | - |
| Operating Income | $-87.23M | $-87.23M | $-57.40M | $-56.24M | $-5.02M | $-491.34K |
| Operating Margin % | -41.5% | -41.5% | -25.2% | -70.7% | -5.8% | nan% |
| Interest Expense | - | - | $408.00K | $1.92M | $1.01M | - |
| Interest Income | - | $15.27M | $272.00K | - | $4.83M | $5.80K |
| Other Income/Expense | $91.00K | $91.00K | $1.24M | $-483.00K | $6.00K | - |
| Income Before Tax | $-102.88M | $-102.88M | $-346.88M | $15.06M | $-6.43M | - |
| Income Tax Expense | $3.96M | $3.96M | $37.00K | $40.00K | $-23.00K | - |
| Net Income | $-83.29M | $-83.29M | $-283.41M | $62.80M | $-190.41K | $-315.51K |
| Net Margin % | -39.7% | -39.7% | -124.3% | 79.0% | -0.2% | nan% |
| Basic EPS | nan | -0.73 | -4.63 | 3.43 | nan | -0.02 |
| Diluted EPS | nan | -0.73 | -4.63 | 2.46 | nan | nan |
| Basic Shares Outstanding | 1.3M | 115.4M | 61.4M | 17.6M | - | 9.3M |
| Diluted Shares Outstanding | 1.3M | 115.4M | 61.4M | 25.6M | - | - |
| 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 | $582.61M | $207.61M | $4.50M | $14.93K | $359.61K |
| Accounts Receivable | $12.19M | $44.76M | $16.88M | $1.30M | - |
| Other Current Assets | $9.05M | $4.16M | $3.68M | $6.88M | - |
| Total Current Assets | $618.81M | $293.16M | $31.61M | $350.82K | $835.14K |
| Property Plant & Equipment | $68.55M | $23.36M | $18.35M | $21.18M | - |
| Goodwill | $18.70M | - | - | - | - |
| Intangible Assets | $12.97M | - | - | - | - |
| Total Assets | $757.15M | $355.40M | $85.91M | $334.94M | $330.92M |
| Deferred Revenue | $57.37M | $65.18M | $45.51M | $56.66M | - |
| Other Current Liabilities | $33.03M | $11.49M | $4.75M | $625.00K | - |
| Total Current Liabilities | $124.83M | $98.83M | $83.38M | $4.43M | $219.45K |
| Long-term Debt | $335.33M | - | - | $3.86M | - |
| Other Non-current Liabilities | $240.00K | $62.00K | $4.00K | - | - |
| Total Liabilities | $553.45M | $351.48M | $139.33M | $4.43M | $11.76M |
| Common Stock | - | - | - | $139.00 | $139.00 |
| Retained Earnings | $-721.46M | $-996.45M | $-250.47M | $-505.92K | $-315.51K |
| Total Stockholders Equity | $-754.96M | $-1.01B | $-263.28M | $9.79M | $3.28M |
| Total Liabilities & Equity | $757.15M | $355.40M | $85.91M | $334.94M | $330.92M |
| 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 | $-94.69M | $-83.29M | $-283.41M | $62.80M | $-190.41K | $-315.51K |
| Depreciation & Amortization | $5.59M | $3.60M | $1.86M | $1.38M | $1.07M | - |
| Stock-based Compensation | $16.82M | $8.61M | $8.80M | $4.27M | $624.00K | - |
| Change in Receivables | - | $-30.33M | $28.32M | $14.74M | $-1.25M | - |
| Operating Cash Flow | $5.26M | $-14.32M | $-57.59M | $-45.28M | $-969.68K | $-1.20M |
| Capital Expenditure | $61.93M | $41.63M | $10.11M | $29.91M | $16.41M | - |
| Acquisitions | - | $14.88M | - | - | - | - |
| Purchases of Investments | - | - | - | - | - | $329.75M |
| Investing Cash Flow | $-76.88M | $-56.58M | $-10.11M | $-29.91M | - | $-329.75M |
| Debt Repayment | - | - | $18.00M | $12.00M | $108.00K | - |
| Stock Issued | - | - | $233.39M | $20.00M | $6.00K | - |
| Stock Repurchased | $62.10M | $20.70M | - | - | - | - |
| Dividends Paid | - | - | - | $7.95M | - | - |
| Financing Cash Flow | $750.25M | $446.59M | $272.79M | $53.92M | $625.00K | $331.31M |
| Net Change in Cash | $678.63M | $375.69M | $205.09M | $-21.27M | $-3.52M | - |
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 | $52.44M | $58.48M | $165.27M | $173.34M |
| Operating Expenses | $67.86M | $72.20M | $219.41M | $217.34M |
| Operating Income | $-15.42M | $-13.72M | $-54.14M | $-44.00M |
| Interest Expense | $1.34M | $13.00K | - | $408.00K |
| Interest Income | $4.83M | $44.00K | $9.75M | $118.00K |
| Other Income/Expense | $25.00K | $346.00K | $90.00K | $768.00K |
| Income Before Tax | $-9.96M | $-80.36M | $-47.19M | $-181.74M |
| Income Tax Expense | $5.00K | $50.00K | $5.00K | $50.00K |
| Net Income | $-6.84M | $-55.40M | $-43.42M | $-134.22M |
| Basic EPS | -0.06 | -0.83 | -0.38 | -2.55 |
| Diluted EPS | -0.06 | -0.83 | -0.38 | -2.55 |
| Basic Shares Outstanding | $117.82M | $67.07M | $114.15M | $52.97M |
| Diluted Shares Outstanding | $117.82M | $67.07M | $114.15M | $52.97M |
Condensed Consolidated Balance Sheets
| Description | Sep 30, 2025 | Dec 31, 2024 |
|---|---|---|
| Cash & Cash Equivalents | $621.98M | $207.61M |
| Accounts Receivable | $23.33M | $44.76M |
| Other Current Assets | $8.47M | $4.16M |
| Total Current Assets | $665.98M | $293.16M |
| Property Plant & Equipment | $49.47M | $23.36M |
| Total Assets | $753.53M | $355.40M |
| Deferred Revenue | $66.16M | $65.18M |
| Other Current Liabilities | $15.62M | $11.49M |
| Total Current Liabilities | $106.02M | $98.83M |
| Long-term Debt | $334.83M | - |
| Other Non-current Liabilities | $239.00K | $62.00K |
| Total Liabilities | $509.70M | $351.48M |
| Retained Earnings | $-370.67M | $-996.45M |
| Total Stockholders Equity | $-404.17M | $-1.01B |
| Total Liabilities & Equity | $753.53M | $355.40M |
Condensed Consolidated Statements of Cash Flows
| Description | Sep 30, 2025 | Sep 30, 2025 | ||
|---|---|---|---|---|
| Current | Prior Year | Current YTD | Prior Year YTD | |
| Net Income | $-6.84M | $-55.40M | $-43.42M | $-134.22M |
| Depreciation & Amortization | - | - | $2.19M | $1.32M |
| Stock-based Compensation | - | - | $6.78M | $7.18M |
| Operating Cash Flow | - | - | $-7.02M | $-55.62M |
| Capital Expenditure | - | - | $25.99M | $5.18M |
| Investing Cash Flow | - | - | $-25.99M | $-5.18M |
| Debt Repayment | - | - | - | $18.00M |
| Stock Issued | - | - | - | $107.94M |
| Stock Repurchased | - | - | $20.70M | - |
| Financing Cash Flow | - | - | $447.38M | $147.89M |
| Net Change in Cash | - | - | $414.37M | $87.09M |
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.