-
Revenue
$-105.66M
Net Income
-
Gross Margin
-
Op. Margin
$-159.88M
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) |
Q2 2022 (Jun 30, 2022) |
Q1 2022 (Mar 31, 2022) |
Q4 2021 (Dec 31, 2021) |
Q3 2021 (Sep 30, 2021) |
Q2 2021 (Jun 30, 2021) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Expenses | $57.10M | $36.31M | $28.02M | $17.87M | $15.38M | $12.28M | $17.77M | - | $7.28M | - | - | - | - | - | - | - | - | - | - |
| Research & Development | $24.59M | $14.95M | $11.47M | $7.85M | $7.28M | $5.05M | $10.72M | - | $4.31M | - | - | - | - | - | - | - | - | - | - |
| Operating Income | $-57.10M | $-36.31M | $-28.02M | $-17.87M | $-15.38M | $-12.28M | $-17.77M | $-1.02M | $-170.85K | $-2.04M | $-901.50K | $-1.16M | $-447.01K | $-402.62K | $-430.74K | $-529.12K | $-609.74K | $-569.02K | - |
| Interest Expense | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Interest Income | - | - | - | - | - | - | - | $3.95M | $4.31M | $17.93M | $11.28M | $5.42M | $4.09M | $3.18M | $829.67K | $126.30K | $76.78K | $40.90K | - |
| Other Income/Expense | $14.57M | $7.12M | $3.76M | $3.65M | $5.38M | $2.55M | $-11.41M | $3.95M | $4.31M | $6.65M | $5.92M | $5.36M | $4.08M | $2.41M | $577.22K | $140.88K | $91.63K | $33.84K | - |
| Income Before Tax | $-42.53M | $-29.19M | $-24.25M | $-14.22M | $-9.99M | $-9.73M | $-29.18M | $2.93M | $4.14M | $4.60M | $5.01M | $4.21M | $3.63M | $2.01M | $146.48K | - | $-518.11K | - | - |
| Income Tax Expense | $-1.08M | $531.00K | $431.00K | $-4.41M | $294.42K | $224.96K | $163.62K | $1.41M | $1.56M | $2.19M | $1.23M | $1.12M | $847.67K | $534.57K | $92.11K | - | - | - | - |
| Net Income | $-41.45M | $-29.72M | $-24.68M | $-9.81M | $-10.29M | $-9.96M | $-29.35M | $1.53M | $2.58M | $2.42M | $3.78M | $3.09M | $2.79M | $1.47M | $54.36K | $-388.24K | $-520.52K | $-535.18K | - |
| Basic EPS | nan | -0.20 | -0.18 | -0.07 | -0.09 | -0.08 | -0.29 | nan | -0.15 | nan | nan | nan | nan | nan | nan | nan | nan | nan | nan |
| Diluted EPS | nan | -0.20 | -0.18 | -0.07 | -0.09 | -0.08 | -0.29 | nan | -0.15 | nan | nan | nan | nan | nan | nan | nan | nan | nan | nan |
| Basic Shares Outstanding | 3.5M | 150.4M | 140.1M | 138.1M | 1.3M | 122.1M | 100.0M | - | 13.4M | - | - | - | - | - | - | - | - | - | - |
| Diluted Shares Outstanding | 3.5M | 150.4M | 140.1M | 138.1M | 1.3M | 122.1M | 100.0M | - | 13.4M | - | - | - | - | - | - | - | - | - | - |
| 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) |
Q2 2022 (Jun 30, 2022) |
Q1 2022 (Mar 31, 2022) |
Q4 2021 (Dec 31, 2021) |
Q3 2021 (Sep 30, 2021) |
Q2 2021 (Jun 30, 2021) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Cash Equivalents | $788.45M | $410.04M | $226.77M | $90.08M | $97.13M | $91.80M | $105.68M | $420.81K | $1.63M | $1.75M | $840.23K | $2.90M | $3.58M | $2.59M | $3.03M | $3.18M | $3.34M | $3.44M | $205.94K |
| Short-term Investments | - | - | - | - | - | - | $129.61M | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Current Assets | $25.80M | $10.18M | $8.24M | $3.89M | $4.12M | $3.44M | $3.94M | - | $4.33M | - | - | - | - | - | - | - | - | - | - |
| Total Current Assets | $1.25B | $931.78M | $542.66M | $204.91M | $231.94M | $234.83M | $239.22M | $701.67K | $2.06M | $1.78M | $882.73K | $3.17M | $4.00M | $3.24M | $3.86M | $4.02M | $4.18M | $4.91M | - |
| Property Plant & Equipment | $42.31M | $11.49M | $3.71M | $1.45M | $1.20M | $679.87K | $637.73K | - | $578.00K | - | - | - | - | - | - | - | - | - | - |
| Goodwill | $6.62M | $6.72M | $6.72M | $6.72M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Long-term Investments | - | - | - | - | - | - | $59.29M | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Non-current Assets | $12.30M | $5.18M | $161.00K | $157.00K | $140.00K | $115.00K | - | - | $25.00K | - | - | - | - | - | - | - | - | - | - |
| Total Assets | $1.53B | $1.25B | $731.08M | $302.15M | $281.74M | $293.79M | $299.19M | $308.21M | $305.62M | $519.99M | $516.82M | $514.68M | $510.14M | $506.50M | $504.70M | $504.49M | $504.72M | $504.95M | $922.00K |
| Accounts Payable | $4.14M | $2.02M | $2.34M | $1.43M | $2.97M | $361.24K | $1.07M | - | $2.27M | - | - | - | - | - | - | - | - | - | - |
| Accrued Liabilities | $20.50M | $10.90M | $4.42M | $3.54M | $1.89M | $4.02M | - | $939.10K | $526.95K | $1.15M | $375.44K | $661.29K | $303.26K | $321.01K | $536.17K | $458.50K | $387.70K | $96.48K | $1.00K |
| Other Current Liabilities | $451.00K | - | - | - | $463.00K | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Total Current Liabilities | $25.55M | $13.80M | $7.61M | $5.66M | $5.34M | $4.85M | $4.88M | $4.56M | $3.49M | $2.37M | $1.61M | $3.25M | $1.48M | $947.70K | $628.28K | $473.69K | $402.88K | $109.25K | $898.00K |
| Deferred Tax Liabilities | $1.16M | $1.05M | $1.05M | $1.05M | - | - | - | - | - | - | - | - | $294.08K | - | - | - | - | - | - |
| Total Liabilities | $52.25M | $40.63M | $34.67M | $32.82M | $30.88M | $30.52M | $29.88M | $11.65M | $10.58M | $19.96M | $19.20M | $20.84M | $19.40M | $18.54M | $18.22M | $18.07M | $17.90M | $17.61M | - |
| Common Stock | $16.00K | $16.00K | $15.00K | $14.00K | $14.00K | $12.21K | $12.21K | - | $7.00K | - | - | - | - | - | - | - | - | - | - |
| Retained Earnings | $-240.77M | $-199.33M | $-169.60M | $-144.92M | $-135.11M | $-124.82M | $-114.86M | $-14.79M | $-16.32M | $-16.74M | $-14.78M | $-13.93M | $-13.80M | $-13.41M | $-13.52M | $-13.57M | $-13.19M | $-12.66M | $-1.00K |
| Total Stockholders Equity | $1.48B | $1.21B | $696.41M | $269.33M | $250.86M | $263.28M | $269.31M | $-8.35M | $-8.38M | $-16.74M | $-14.78M | $-13.93M | $-13.80M | $-13.41M | $-13.52M | $-13.57M | $-13.18M | $-12.66M | $24.00K |
| Total Liabilities & Equity | $1.53B | $1.25B | $731.08M | $302.15M | $281.74M | $293.79M | $299.19M | $308.21M | $305.62M | $519.99M | $516.82M | $514.68M | $510.14M | $506.50M | $504.70M | $504.49M | $504.72M | $504.95M | $922.00K |
| 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) |
Q2 2022 (Jun 30, 2022) |
Q1 2022 (Mar 31, 2022) |
Q4 2021 (Dec 31, 2021) |
Q3 2021 (Sep 30, 2021) |
Q2 2021 (Jun 30, 2021) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $-41.45M | $-29.72M | $-24.68M | $-9.81M | $-10.29M | $-63.33M | $-29.35M | $1.53M | $2.58M | $9.29M | $3.78M | $3.09M | $2.79M | $1.47M | $54.36K | $-388.24K | $-520.52K | $-536.18K | - |
| Depreciation & Amortization | $149.00K | $124.00K | $249.00K | $124.00K | $87.58K | $180.42K | $111.67K | - | $38.49K | - | - | - | - | - | - | - | - | - | - |
| Stock-based Compensation | $19.00M | $22.80M | $13.68M | $2.31M | $1.73M | $10.75M | $9.12M | - | $632.80K | - | - | - | - | - | - | - | - | - | - |
| Deferred Income Tax | - | - | - | - | - | - | - | - | - | $-294.08K | $-294.08K | $-294.08K | - | - | - | - | - | - | - |
| Change in Payables | $-338.00K | $-1.19M | $-2.46M | $-1.75M | $162.33K | $-1.92M | $-1.59M | - | $1.14M | - | - | - | - | - | - | - | - | - | - |
| Operating Cash Flow | $-33.43M | $-48.74M | $-30.71M | $-12.24M | $-13.47M | $-24.92M | $-17.04M | $-1.21M | $-3.16M | $-7.68M | $-4.22M | $-678.94K | $-206.82K | $-747.87K | $-309.26K | $-152.80K | $-104.50K | $-1.78M | - |
| Capital Expenditure | $26.95M | $6.25M | $1.21M | $332.00K | $69.38K | $282.62K | $171.73K | - | $22.91K | - | - | - | - | - | - | - | - | - | - |
| Acquisitions | - | $900.00K | $900.00K | $900.00K | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Purchases of Investments | - | - | - | - | - | - | $202.19M | - | - | - | - | - | - | - | - | - | - | - | - |
| Sales of Investments | $214.15M | $162.84M | $68.02M | $37.18M | $48.80M | $67.39M | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Investing Cash Flow | $116.23M | $-605.91M | $-280.70M | $6.06M | $18.20M | $-193.97M | $-188.36M | - | $218.96M | $5.85M | $1.49M | - | - | - | - | - | - | $-500.00M | - |
| Stock Issued | $295.50M | $968.10M | $441.60M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $25.00K | $25.00K |
| Financing Cash Flow | $295.61M | $967.56M | $441.05M | $-875.00K | $603.96K | $300.82M | $301.21M | - | $-226.70M | - | - | - | - | - | - | - | - | $505.22M | $205.94K |
| Net Change in Cash | $378.40M | $312.91M | $129.64M | $-7.05M | $5.33M | $81.93M | - | $-1.21M | $-120.73K | $-1.83M | $-2.74M | $-678.94K | $988.18K | $-747.87K | $-309.26K | $-152.80K | $-104.50K | $3.44M | $205.94K |
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-Q filings.
Quarterly data represents single quarter results (Q1-Q4). Some items may show year-to-date values if quarterly breakdown is unavailable.