$159.85M
Revenue
$-298.34M
Net Income
19.18%
Gross Margin
-163.08%
Op. Margin
$-237.75M
Free Cash Flow
| Breakdown | FY 2025 (Dec 31, 2025) |
|---|---|
| Total Revenue | $159.85M |
| Revenue Growth % | nan% |
| Cost of Revenue | $129.19M |
| Gross Profit | $30.67M |
| Gross Margin % | 19.2% |
| Operating Expenses | $291.35M |
| Research & Development | $200.12M |
| Selling General & Admin | $91.25M |
| Operating Income | $-260.69M |
| Operating Margin % | -163.1% |
| Interest Expense | $15.92M |
| Other Income/Expense | $894.00K |
| Income Before Tax | $-335.47M |
| Income Tax Expense | $-37.13M |
| Net Income | $-298.34M |
| Net Margin % | -186.6% |
| Basic EPS | -4.83 |
| Diluted EPS | -4.83 |
| Basic Shares Outstanding | 69.2M |
| Diluted Shares Outstanding | 69.2M |
| Breakdown | FY 2025 (Dec 31, 2025) |
|---|---|
| Cash & Cash Equivalents | $792.97M |
| Short-term Investments | $100.01M |
| Accounts Receivable | $46.13M |
| Other Current Assets | $11.72M |
| Total Current Assets | $963.17M |
| Property Plant & Equipment | $163.74M |
| Goodwill | $450.12M |
| Intangible Assets | $165.71M |
| Other Non-current Assets | $4.02M |
| Total Assets | $1.82B |
| Accounts Payable | $35.63M |
| Short-term Debt | $7.10M |
| Accrued Liabilities | $42.76M |
| Deferred Revenue | $116.14M |
| Other Current Liabilities | $9.42M |
| Total Current Liabilities | $213.58M |
| Other Non-current Liabilities | $17.28M |
| Total Liabilities | $635.00M |
| Common Stock | $17.00K |
| Retained Earnings | $-1.02B |
| Total Stockholders Equity | $1.19B |
| Total Liabilities & Equity | $1.82B |
| Breakdown | FY 2025 (Dec 31, 2025) |
|---|---|
| Net Income | $-298.34M |
| Depreciation & Amortization | $23.16M |
| Stock-based Compensation | $17.84M |
| Deferred Income Tax | $-37.19M |
| Change in Receivables | $-644.00K |
| Change in Payables | $-17.45M |
| Operating Cash Flow | $-204.92M |
| Capital Expenditure | $32.83M |
| Acquisitions | $277.42M |
| Investing Cash Flow | $-401.56M |
| Stock Issued | $943.71M |
| Financing Cash Flow | $1.26B |
| Net Change in Cash | $655.41M |
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 | $30.78M | - | $102.18M | - |
| Cost of Revenue | $22.29M | - | $87.48M | - |
| Gross Profit | $8.49M | - | $14.71M | - |
| Operating Expenses | $70.68M | - | $189.79M | - |
| Research & Development | $48.76M | - | $142.55M | - |
| Selling General & Admin | $21.92M | - | $47.24M | - |
| Operating Income | $-62.19M | - | $-175.09M | - |
| Interest Expense | - | - | $14.44M | - |
| Other Income/Expense | $-3.00K | - | $4.53M | - |
| Income Before Tax | $-133.41M | - | $-257.28M | - |
| Income Tax Expense | - | - | - | - |
| Net Income | $-133.41M | $-53.45M | $-257.28M | - |
| Basic EPS | -1.50 | - | -7.25 | - |
| Diluted EPS | -1.50 | - | -7.25 | - |
| Basic Shares Outstanding | $93.85M | - | $40.39M | - |
| Diluted Shares Outstanding | $93.85M | - | $40.39M | - |
Condensed Consolidated Balance Sheets
| Description | Sep 30, 2025 | Dec 31, 2024 |
|---|---|---|
| Cash & Cash Equivalents | $995.16M | $123.43M |
| Accounts Receivable | $5.13M | $1.00M |
| Other Current Assets | $7.42M | $3.45M |
| Total Current Assets | $1.02B | $180.72M |
| Property Plant & Equipment | $142.56M | $135.57M |
| Goodwill | $17.10M | $17.10M |
| Other Non-current Assets | $14.29M | $158.00K |
| Total Assets | $1.26B | $407.33M |
| Accounts Payable | $30.43M | $37.63M |
| Accrued Liabilities | $20.17M | $14.42M |
| Deferred Revenue | $95.20M | $108.07M |
| Other Current Liabilities | $9.91M | $10.84M |
| Total Current Liabilities | $164.93M | $179.38M |
| Other Non-current Liabilities | $26.61M | $25.96M |
| Total Liabilities | $307.37M | $415.37M |
| Common Stock | $16.00K | $1.00K |
| Retained Earnings | $-979.22M | $-767.62M |
| Total Stockholders Equity | $948.82M | $-767.62M |
| Total Liabilities & Equity | $1.26B | $407.33M |
Condensed Consolidated Statements of Cash Flows
| Description | Sep 30, 2025 | Sep 30, 2025 | ||
|---|---|---|---|---|
| Current | Prior Year | Current YTD | Prior Year YTD | |
| Net Income | $-133.41M | $-53.45M | $-257.28M | - |
| Depreciation & Amortization | - | - | $13.54M | - |
| Stock-based Compensation | - | - | $5.19M | - |
| Change in Receivables | - | - | $4.12M | - |
| Change in Payables | - | - | $-5.30M | - |
| Operating Cash Flow | - | - | $-137.66M | - |
| Capital Expenditure | - | - | $20.76M | - |
| Investing Cash Flow | - | - | $-20.76M | - |
| Stock Issued | - | - | $943.74M | - |
| Financing Cash Flow | - | - | $1.02B | - |
| Net Change in Cash | - | - | $858.43M | - |
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.