-
Revenue
$-105.66M
Net Income
-
Gross Margin
-
Op. Margin
$-159.88M
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) |
|---|---|---|---|---|---|---|
| Operating Expenses | $139.29M | $139.29M | $52.80M | $18.64M | - | - |
| Research & Development | $58.85M | $58.85M | $26.71M | $9.76M | - | - |
| Operating Income | $-139.29M | $-139.29M | $-52.80M | $-4.27M | $-1.81M | $-1.18M |
| Interest Expense | - | - | - | - | - | - |
| Interest Income | - | - | - | $22.23M | $7.28M | $117.68K |
| Other Income/Expense | $29.10M | $29.10M | $-20.13M | $22.23M | $7.21M | $125.47K |
| Income Before Tax | $-110.19M | $-110.19M | $-72.93M | $17.96M | $5.40M | $-1.05M |
| Income Tax Expense | $-4.53M | $-4.53M | $683.00K | $6.09M | $1.47M | $2.42K |
| Net Income | $-105.66M | $-105.66M | $-73.62M | $11.87M | $3.93M | $-1.06M |
| Basic EPS | nan | -0.72 | -0.74 | -0.47 | nan | nan |
| Diluted EPS | nan | -0.72 | -0.74 | -0.47 | nan | nan |
| Basic Shares Outstanding | 3.5M | 146.4M | 98.9M | 68.9M | - | - |
| Diluted Shares Outstanding | 3.5M | 146.4M | 98.9M | 68.9M | - | - |
| 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 | $788.45M | $97.13M | $1.63M | $3.58M | $3.34M |
| Other Current Assets | $25.80M | $4.12M | $4.33M | - | - |
| Total Current Assets | $1.25B | $231.94M | $2.06M | $4.00M | $4.18M |
| Property Plant & Equipment | $42.31M | $1.20M | $578.00K | - | - |
| Goodwill | $6.62M | - | - | - | - |
| Other Non-current Assets | $12.30M | $140.00K | $25.00K | - | - |
| Total Assets | $1.53B | $281.74M | $305.62M | $510.14M | $504.72M |
| Accounts Payable | $4.14M | $2.97M | $2.27M | - | - |
| Accrued Liabilities | $20.50M | $1.89M | $526.95K | $303.26K | $387.70K |
| Other Current Liabilities | $451.00K | $463.00K | - | - | - |
| Total Current Liabilities | $25.55M | $5.34M | $3.49M | $1.48M | $402.88K |
| Deferred Tax Liabilities | $1.16M | - | - | $294.08K | - |
| Total Liabilities | $52.25M | $30.88M | $10.58M | $19.40M | $17.90M |
| Common Stock | $16.00K | $14.00K | $7.00K | - | - |
| Retained Earnings | $-240.77M | $-135.11M | $-16.32M | $-13.80M | $-13.19M |
| Total Stockholders Equity | $1.48B | $250.86M | $-8.38M | $-13.80M | $-13.18M |
| Total Liabilities & Equity | $1.53B | $281.74M | $305.62M | $510.14M | $504.72M |
| 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 | $-105.66M | $-105.66M | $-73.62M | $11.87M | $3.93M | $-1.06M |
| Depreciation & Amortization | $646.00K | $522.00K | $268.00K | $75.00K | - | - |
| Stock-based Compensation | $57.78M | $41.80M | $12.48M | $777.00K | - | - |
| Deferred Income Tax | - | $-4.53M | - | $-294.08K | $294.08K | - |
| Change in Payables | $-5.74M | $-1.53M | $-1.76M | $1.34M | - | - |
| Operating Cash Flow | $-125.13M | $-82.17M | $-38.39M | $-10.84M | $-954.69K | $-1.88M |
| Capital Expenditure | $34.75M | $33.20M | $352.00K | $83.00K | - | - |
| Acquisitions | $2.70M | $900.00K | - | - | - | - |
| Sales of Investments | $482.19M | $376.99M | $116.20M | - | - | - |
| Investing Cash Flow | $-764.31M | $-489.68M | $-175.77M | $224.81M | $1.20M | $-500.00M |
| Stock Issued | - | $1.26B | - | - | - | $25.00K |
| Stock Repurchased | - | - | - | $215.91M | - | - |
| Financing Cash Flow | $1.70B | $1.26B | $301.43M | $-215.91M | - | $505.22M |
| Net Change in Cash | $813.90M | $691.31M | $87.26M | $-1.95M | $240.31K | $3.34M |
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 | |
| Operating Expenses | $36.31M | $12.28M | $82.20M | $37.42M |
| Research & Development | $14.95M | $5.05M | $34.26M | $19.43M |
| Operating Income | $-36.31M | $-12.28M | $-82.20M | $-37.42M |
| Other Income/Expense | $7.12M | $2.55M | $14.53M | $-23.46M |
| Income Before Tax | $-29.19M | $-9.73M | $-67.67M | $-60.88M |
| Income Tax Expense | $531.00K | $225.00K | $-3.45M | $389.00K |
| Net Income | $-29.72M | $-9.96M | $-64.22M | $-61.27M |
| Basic EPS | -0.20 | -0.08 | -0.45 | -0.63 |
| Diluted EPS | -0.20 | -0.08 | -0.45 | -0.63 |
| Basic Shares Outstanding | $150.36M | $122.13M | $142.90M | $97.58M |
| Diluted Shares Outstanding | $150.36M | $122.13M | $142.90M | $97.58M |
Condensed Consolidated Balance Sheets
| Description | Sep 30, 2025 | Dec 31, 2024 |
|---|---|---|
| Cash & Cash Equivalents | $410.04M | $97.13M |
| Other Current Assets | $10.18M | $4.12M |
| Total Current Assets | $931.78M | $231.94M |
| Property Plant & Equipment | $11.49M | $1.20M |
| Goodwill | $6.72M | - |
| Other Non-current Assets | $5.18M | $140.00K |
| Total Assets | $1.25B | $281.74M |
| Accounts Payable | $2.02M | $2.97M |
| Accrued Liabilities | $10.90M | $1.89M |
| Total Current Liabilities | $13.80M | $5.34M |
| Deferred Tax Liabilities | $1.05M | - |
| Total Liabilities | $40.63M | $30.88M |
| Common Stock | $16.00K | $14.00K |
| Retained Earnings | $-199.33M | $-135.11M |
| Total Stockholders Equity | $1.21B | $250.86M |
| Total Liabilities & Equity | $1.25B | $281.74M |
Condensed Consolidated Statements of Cash Flows
| Description | Sep 30, 2025 | Sep 30, 2025 | ||
|---|---|---|---|---|
| Current | Prior Year | Current YTD | Prior Year YTD | |
| Net Income | $-29.72M | $-9.96M | $-64.22M | $-61.27M |
| Depreciation & Amortization | $124.00K | $68.00K | $373.00K | $180.00K |
| Stock-based Compensation | - | - | $22.80M | $10.75M |
| Change in Payables | - | - | $-1.19M | $-1.92M |
| Operating Cash Flow | - | - | $-48.74M | $-24.92M |
| Capital Expenditure | - | - | $6.25M | $283.00K |
| Acquisitions | - | - | $900.00K | - |
| Sales of Investments | - | - | $162.84M | $67.39M |
| Investing Cash Flow | - | - | $-605.91M | $-193.97M |
| Stock Issued | - | - | $968.10M | - |
| Financing Cash Flow | - | - | $967.56M | $300.82M |
| Net Change in Cash | - | - | $312.91M | $81.93M |
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.