$210.06M
Revenue
$-83.29M
Net Income
-136.73%
Gross Margin
-41.53%
Op. Margin
$-56.67M
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 | $44.78M | $52.44M | $50.31M | $62.52M | $54.66M | $58.48M | $41.41M | $73.07M | $30.56M | $12.73M | $17.99M | $18.24M | $37.99M | - |
| Revenue Growth % (YoY) | -18.1% | -10.3% | 21.5% | -14.4% | 78.9% | 359.3% | 130.1% | 300.7% | -19.5% | nan% | nan% | nan% | nan% | nan% |
| Cost of Revenue | $149.63M | $99.24M | $130.41M | $117.99M | $255.09M | $62.86M | $57.10M | $60.91M | $29.10M | $25.77M | $22.48M | $23.13M | $20.82M | - |
| Gross Profit | $-104.85M | $-46.80M | $-80.10M | $-55.47M | $-200.43M | $-4.38M | $-15.69M | $12.16M | $1.46M | $-13.04M | $-4.49M | $-4.89M | $17.16M | - |
| Gross Margin % | -234.1% | -89.3% | -159.2% | -88.7% | -366.7% | -7.5% | -37.9% | 16.6% | 4.8% | -102.4% | -24.9% | -26.8% | 45.2% | nan% |
| Operating Expenses | $77.88M | $67.86M | $78.95M | $72.60M | $68.06M | $72.20M | $69.58M | $78.47M | $36.43M | $35.95M | $31.18M | $32.20M | $24.98M | - |
| Operating Income | $-33.09M | $-15.42M | $-28.64M | $-10.08M | $-13.40M | $-13.72M | $-28.17M | $-5.40M | $-5.87M | $-23.22M | $-13.18M | $-13.96M | $-2.09M | $-2.01M |
| Operating Margin % | -73.9% | -29.4% | -56.9% | -16.1% | -24.5% | -23.5% | -68.0% | -7.4% | -19.2% | -182.4% | -73.3% | -76.6% | -5.5% | nan% |
| Interest Expense | - | - | - | - | - | $408.00K | $371.00K | $212.00K | $496.00K | $1.42M | $972.00K | $464.00K | $407.00K | - |
| Interest Income | $5.52M | $4.83M | - | - | $154.00K | - | - | - | - | - | - | - | $2.85M | $1.49M |
| Other Income/Expense | $1.00K | $25.00K | $39.00K | $26.00K | $474.00K | $346.00K | $421.00K | $1.00K | $-104.00K | $-418.00K | $-50.00K | $89.00K | $1.00K | - |
| Income Before Tax | $-55.70M | $-9.96M | $-38.21M | $975.00K | $-165.15M | $-80.36M | $15.98M | $-120.66M | $4.34M | $15.70M | $15.25M | $-20.23M | $12.43M | - |
| Income Tax Expense | $3.96M | $5.00K | - | - | $-13.00K | $50.00K | - | - | $-252.00K | $605.00K | $-3.53M | $3.21M | $2.00K | - |
| Net Income | $-39.88M | $-6.84M | $-25.18M | $-11.40M | $-149.20M | $-55.40M | $18.28M | $-98.34M | $9.47M | $33.65M | $29.52M | $-23.45M | $759.62K | $-520.89K |
| Net Margin % | -89.0% | -13.0% | -50.0% | -18.2% | -272.9% | -94.7% | 44.1% | -134.6% | 31.0% | 264.3% | 164.1% | -128.6% | 2.0% | nan% |
| Basic EPS | nan | -0.06 | -0.22 | -0.11 | -2.08 | -0.83 | 0.33 | -2.70 | 0.23 | 1.89 | 1.84 | -0.64 | nan | nan |
| Diluted EPS | nan | -0.06 | -0.22 | -0.11 | -2.08 | -0.83 | 0.29 | -2.70 | 0.30 | 1.29 | 1.52 | -0.64 | nan | nan |
| Basic Shares Outstanding | 1.3M | 117.8M | 117.4M | 107.1M | 8.4M | 67.1M | 55.1M | 36.6M | 1.4M | 17.4M | 15.7M | 15.2M | - | - |
| Diluted Shares Outstanding | 1.3M | 117.8M | 117.4M | 107.1M | 8.4M | 67.1M | 62.3M | 36.6M | 600K | 26.1M | 19.4M | 15.2M | - | - |
| 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) |
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 | $582.61M | $621.98M | $344.90M | $373.25M | $207.61M | $89.61M | $31.63M | $55.24M | $4.50M | $40.65M | $39.09M | $46.80M | $14.93K | $19.44K |
| Accounts Receivable | $12.19M | $23.33M | $36.57M | $29.34M | $44.76M | $51.31M | $38.26M | $35.22M | $16.88M | $2.45M | $2.27M | $2.31M | $1.30M | - |
| Other Current Assets | $9.05M | $8.47M | $4.80M | $5.16M | $4.16M | $3.74M | $3.85M | $3.38M | $3.68M | $3.72M | $4.40M | $4.73M | $6.88M | - |
| Total Current Assets | $618.81M | $665.98M | $396.75M | $431.31M | $293.16M | $168.27M | $83.11M | $115.73M | $31.61M | $48.89M | $50.52M | $65.60M | $350.82K | $477.29K |
| Property Plant & Equipment | $68.55M | $49.47M | $40.61M | $29.79M | $23.36M | $17.17M | $21.30M | $19.52M | $18.35M | $17.50M | $40.76M | $29.45M | $21.18M | - |
| Goodwill | $18.70M | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Intangible Assets | $12.97M | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Total Assets | $757.15M | $753.53M | $475.64M | $500.01M | $355.40M | $224.80M | $140.12M | $170.77M | $85.91M | $102.97M | $95.76M | $99.71M | $334.94M | $332.22M |
| Deferred Revenue | $57.37M | $66.16M | $68.43M | $57.93M | $65.18M | $54.80M | $40.55M | $28.73M | $45.51M | $49.68M | $40.65M | $50.07M | $56.66M | - |
| Other Current Liabilities | $33.03M | $15.62M | $10.30M | $9.42M | $11.49M | $12.36M | $8.73M | $8.86M | $4.75M | $14.26M | $30.13M | $22.26M | $625.00K | $125.00K |
| Total Current Liabilities | $124.83M | $106.02M | $107.30M | $98.15M | $98.83M | $95.31M | $85.01M | $104.81M | $83.38M | $100.91M | $108.58M | $108.06M | $4.43M | $2.47M |
| Long-term Debt | $335.33M | $334.83M | - | - | - | - | - | - | - | - | - | $3.87M | $3.86M | - |
| Other Non-current Liabilities | $240.00K | $239.00K | $242.00K | $257.00K | $62.00K | $112.00K | $158.00K | $4.00K | $4.00K | $4.00K | $3.00K | $4.00K | - | - |
| Total Liabilities | $553.45M | $509.70M | $184.75M | $172.40M | $351.48M | $229.34M | $150.49M | $214.71M | $139.33M | $162.95M | $168.58M | $220.85M | $4.43M | $14.01M |
| Common Stock | - | - | - | - | - | - | - | - | - | - | - | - | $139.00 | $139.00 |
| Retained Earnings | $-721.46M | $-370.67M | $-347.69M | $-103.41M | $-996.45M | $-484.00M | $-222.20M | $-480.84M | $-250.47M | $-333.40M | $-665.46M | $-870.51M | $-505.92K | $-1.27M |
| Total Stockholders Equity | $-754.96M | $-404.17M | $-381.20M | $-136.91M | $-1.01B | $-496.81M | $-235.01M | $-493.65M | $-263.28M | $-346.21M | $-678.27M | $-883.33M | $9.79M | $333.52K |
| Total Liabilities & Equity | $757.15M | $753.53M | $475.64M | $500.01M | $355.40M | $224.80M | $140.12M | $170.77M | $85.91M | $102.97M | $95.76M | $99.71M | $334.94M | $332.22M |
| 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 | $-39.88M | $-6.84M | $-36.58M | $-11.40M | $-149.20M | $-55.40M | $-80.06M | $-98.34M | $9.47M | $33.65M | $29.52M | $-23.45M | $759.62K | $-520.89K |
| Depreciation & Amortization | $1.41M | $2.19M | $1.38M | $623.00K | $540.00K | $1.32M | $837.00K | $414.00K | $432.00K | $944.00K | $615.00K | $296.00K | $289.00K | - |
| Stock-based Compensation | $1.83M | $6.78M | $5.36M | $2.84M | $1.62M | $7.18M | $5.89M | $3.93M | $1.52M | $2.75M | $1.19M | $207.00K | $239.00K | - |
| Change in Receivables | - | - | - | $-15.42M | $-6.55M | $34.87M | $21.82M | $20.00M | $14.43M | $314.00K | $1.09M | $1.01M | $-11.57M | - |
| Change in Payables | - | - | - | - | - | - | - | - | - | $7.00M | $13.37M | $6.99M | - | - |
| Operating Cash Flow | $-7.29M | $-7.02M | $156.00K | $19.42M | $-1.97M | $-55.62M | $-37.70M | $-6.44M | $-22.35M | $-22.93M | $-15.77M | $-18.67M | $-504.51K | $-465.17K |
| Capital Expenditure | $15.65M | $25.99M | $14.18M | $6.12M | $4.93M | $5.18M | $3.79M | $1.59M | $2.24M | $27.67M | $20.20M | $8.56M | $4.25M | - |
| Investing Cash Flow | $-30.59M | $-25.99M | $-14.18M | $-6.12M | $-4.93M | $-5.18M | $-3.79M | $-1.59M | $-2.24M | $-27.67M | $-20.20M | $-8.56M | - | - |
| Debt Repayment | - | - | - | - | - | $18.00M | $15.00M | $10.00M | $12.00M | - | - | - | - | - |
| Stock Issued | - | - | - | - | $125.46M | $107.94M | $27.48M | $10.00M | - | $20.00M | - | - | $6.00K | - |
| Stock Repurchased | - | $20.70M | $20.70M | $20.70M | - | - | - | - | - | - | - | - | - | - |
| Dividends Paid | - | - | - | - | - | - | - | - | - | $7.95M | $4.26M | - | - | - |
| Financing Cash Flow | $-790.00K | $447.38M | $151.31M | $152.35M | $124.89M | $147.89M | $70.61M | $60.75M | $-11.56M | $65.49M | $49.30M | $48.27M | $500.00K | $125.00K |
| Net Change in Cash | $-38.68M | $414.37M | $137.29M | $165.65M | $118.00M | $87.09M | $29.11M | $52.72M | $-36.15M | $14.89M | $13.32M | $21.04M | $16.81M | - |
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-Q filings.
Quarterly data represents single quarter results (Q1-Q4). Some items may show year-to-date values if quarterly breakdown is unavailable.