-
Revenue
$-118.84M
Net Income
-
Gross Margin
-
Op. Margin
$-84.21M
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) |
|---|---|---|---|---|---|
| Total Revenue | - | $321.56M | $96.52M | $202.44M | - |
| Revenue Growth % | nan% | 233.2% | -52.3% | nan% | nan% |
| Cost of Revenue | - | $124.86M | $44.36M | $86.03M | - |
| Gross Profit | - | $196.70M | $52.16M | $116.40M | - |
| Gross Margin % | nan% | 61.2% | 54.0% | 57.5% | nan% |
| Operating Expenses | - | $485.67M | $183.24M | $190.08M | - |
| Research & Development | - | $15.53M | $12.84M | $9.70M | - |
| Operating Income | $-109.39M | $-164.11M | $-1.59M | $-1.67M | $-1.58M |
| Operating Margin % | nan% | -51.0% | -1.6% | -0.8% | nan% |
| Interest Expense | - | $7.81M | $2.37M | $934.91K | - |
| Interest Income | - | $5.45M | $3.49M | $1.82M | - |
| Other Income/Expense | $-1.23M | $1.80M | $-1.00M | $5.72M | - |
| Income Before Tax | $-118.80M | $-170.49M | $-4.95M | $4.05M | $18.50M |
| Income Tax Expense | - | - | $152.47K | $1.32M | $362.28K |
| Net Income | $-118.84M | $-170.48M | $-5.11M | $2.73M | $18.13M |
| Net Margin % | nan% | -53.0% | -5.3% | 1.3% | nan% |
| Basic EPS | nan | -1.10 | -0.64 | 0.10 | nan |
| Diluted EPS | nan | -1.10 | -0.64 | 0.10 | nan |
| Basic Shares Outstanding | 4.6M | 155.3M | 138.0M | 132.6M | - |
| Diluted Shares Outstanding | 4.6M | 155.3M | 138.0M | 139.9M | - |
| Breakdown | FY 2025 (Dec 31, 2025) |
FY 2024 (Dec 31, 2024) |
FY 2023 (Dec 31, 2023) |
FY 2022 (Dec 31, 2022) |
|---|---|---|---|---|
| Cash & Cash Equivalents | $44.08M | $7.21M | $2.17M | $50.86K |
| Accounts Receivable | $51.12M | $16.23M | - | - |
| Inventory | $1.26M | $1.71M | - | - |
| Other Current Assets | $13.52M | $6.80M | - | - |
| Total Current Assets | $134.88M | $625.98K | $2.17M | $278.45K |
| Property Plant & Equipment | $709.85K | $778.93K | - | - |
| Intangible Assets | $3.85M | $1.92M | - | - |
| Other Non-current Assets | $89.92K | $589.92K | - | - |
| Total Assets | $241.41M | $1.06M | $46.88M | $238.26M |
| Accounts Payable | $39.96M | $205.08K | $99.47K | $97.99K |
| Accrued Liabilities | $24.49M | $13.07M | - | - |
| Deferred Revenue | $66.53M | $22.17M | - | - |
| Other Current Liabilities | - | $270.59K | $236.23K | $244.55K |
| Total Current Liabilities | $219.00M | $4.49M | $4.98M | $1.21M |
| Long-term Debt | $45.50M | - | - | - |
| Total Liabilities | $267.19M | $9.13M | $5.56M | $1.74M |
| Common Stock | $16.91K | $14.44K | - | - |
| Retained Earnings | $-241.53M | $-9.22M | $-4.15M | $-1.46M |
| Total Stockholders Equity | $-25.78M | $-8.50M | $-3.39M | $-1.46M |
| Total Liabilities & Equity | $241.41M | $1.06M | $46.88M | $238.26M |
| 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) |
|---|---|---|---|---|---|
| Net Income | $-118.84M | $-170.48M | $-5.11M | $2.73M | $18.13M |
| Depreciation & Amortization | - | $14.42M | $7.90M | $5.68M | - |
| Stock-based Compensation | - | $9.67M | $3.64M | $1.03M | - |
| Deferred Income Tax | - | - | $4.00M | $37.61K | - |
| Change in Receivables | - | $35.12M | $-7.70M | $19.34M | - |
| Change in Inventory | - | $-447.54K | $-1.13M | $2.34M | - |
| Operating Cash Flow | $-84.21M | $-83.33M | $-2.28M | $5.54M | $396.48K |
| Purchases of Investments | - | - | $964.57K | $6.51M | $237.78M |
| Investing Cash Flow | $-55.60M | $-55.59M | $44.28M | $193.47M | $-2.62M |
| Stock Issued | - | $104.15M | $32.82M | $7.50M | - |
| Stock Repurchased | - | $437.79K | $706.64K | $107.07K | - |
| Financing Cash Flow | $176.37M | $175.79M | $-43.67M | $-196.89M | $328.13K |
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 | $76.54M | $20.12M | $211.62M | $65.49M |
| Cost of Revenue | $34.33M | $8.11M | $81.10M | $31.34M |
| Operating Expenses | $114.63M | $35.27M | $304.86M | $123.45M |
| Research & Development | $4.22M | $3.17M | $11.33M | $11.20M |
| Operating Income | $-38.09M | $-15.14M | $-93.23M | $-57.96M |
| Interest Expense | $3.98M | $452.18K | $7.51M | $456.14K |
| Interest Income | $1.51M | $754.56K | $4.04M | $2.58M |
| Other Income/Expense | $-520.69K | $1.16M | $1.36M | $2.21M |
| Income Before Tax | $-38.61M | $-13.98M | $-91.87M | $-55.75M |
| Income Tax Expense | - | $-80.10K | - | $-4.48M |
| Net Income | $-38.55M | $-13.86M | $-91.85M | $-51.18M |
| Basic EPS | -0.25 | -0.10 | -0.61 | -0.38 |
| Diluted EPS | -0.25 | -0.10 | -0.61 | -0.38 |
| Basic Shares Outstanding | $156.80M | $138.82M | $150.66M | $135.95M |
| Diluted Shares Outstanding | $156.80M | $138.82M | $150.66M | $135.95M |
Condensed Consolidated Balance Sheets
| Description | Sep 30, 2025 | Dec 31, 2024 |
|---|---|---|
| Cash & Cash Equivalents | $63.33M | $7.21M |
| Accounts Receivable | $24.68M | $16.23M |
| Inventory | $1.54M | $1.71M |
| Other Current Assets | $9.62M | $6.80M |
| Total Current Assets | $123.08M | $52.95M |
| Property Plant & Equipment | $727.91K | $778.93K |
| Intangible Assets | $4.62M | $1.92M |
| Other Non-current Assets | $89.92K | $589.92K |
| Total Assets | $197.00M | $98.52M |
| Accounts Payable | $11.07M | $7.93M |
| Accrued Liabilities | $11.43M | $13.07M |
| Deferred Revenue | $50.68M | $22.17M |
| Total Current Liabilities | $113.15M | $80.06M |
| Total Liabilities | $159.83M | $94.67M |
| Common Stock | $16.86K | $14.44K |
| Retained Earnings | $-175.76M | $-99.87M |
| Total Stockholders Equity | $37.17M | $3.85M |
| Total Liabilities & Equity | $197.00M | $98.52M |
Condensed Consolidated Statements of Cash Flows
| Description | Sep 30, 2025 | Sep 30, 2025 | ||
|---|---|---|---|---|
| Current | Prior Year | Current YTD | Prior Year YTD | |
| Net Income | $-38.55M | $-13.86M | $-91.85M | $-51.18M |
| Depreciation & Amortization | - | - | $1.53M | $768.13K |
| Stock-based Compensation | - | - | $7.78M | $2.18M |
| Deferred Income Tax | - | - | - | $-4.40M |
| Change in Receivables | - | - | $8.44M | $-19.59M |
| Change in Inventory | - | - | $-170.04K | $219.92K |
| Operating Cash Flow | - | - | $-58.65M | $-39.58M |
| Investing Cash Flow | - | - | $-15.58M | $690.16K |
| Stock Issued | - | - | $102.79M | $26.90M |
| Stock Repurchased | - | - | $132.94K | $600.08K |
| Financing Cash Flow | - | - | $130.35M | $25.03M |
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.