-
Revenue
$-118.84M
Net Income
-
Gross Margin
-
Op. Margin
$-84.21M
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) |
|---|---|---|---|---|---|---|---|
| Total Revenue | $109.93M | $76.54M | - | - | $31.03M | - | - |
| Revenue Growth % (YoY) | 254.3% | nan% | nan% | nan% | nan% | nan% | nan% |
| Cost of Revenue | $43.76M | $34.33M | - | - | $13.02M | - | - |
| Gross Profit | $66.18M | $42.21M | - | - | $18.01M | - | - |
| Gross Margin % | 60.2% | 55.1% | nan% | nan% | 58.0% | nan% | nan% |
| Operating Expenses | $180.81M | $114.63M | - | - | $59.79M | - | - |
| Research & Development | $4.20M | $4.22M | - | - | $1.64M | - | - |
| Operating Income | $-70.88M | $-38.09M | $-342.24K | $-76.75K | $56.37M | $-245.18K | $-287.73K |
| Operating Margin % | -64.5% | -49.8% | nan% | nan% | 181.7% | nan% | nan% |
| Interest Expense | $301.36K | $7.51M | - | - | $1.92M | - | - |
| Interest Income | $1.40M | $1.51M | - | - | $909.68K | - | - |
| Other Income/Expense | $441.15K | $-520.69K | $-1.21M | $63.39K | $-338.55K | $-1.23M | $-167.84K |
| Income Before Tax | $-78.62M | $-38.61M | $-1.56M | $-13.36K | $50.80M | $-1.47M | $-455.56K |
| Income Tax Expense | - | - | $277.00 | $88.33K | $4.64M | $24.22K | $49.42K |
| Net Income | $-78.63M | $-38.55M | $-1.56M | $-101.68K | $46.08M | $-1.50M | $-504.98K |
| Net Margin % | -71.5% | -50.4% | nan% | nan% | 148.5% | nan% | nan% |
| Basic EPS | nan | -0.25 | nan | nan | nan | nan | nan |
| Diluted EPS | nan | -0.25 | nan | nan | nan | nan | nan |
| Basic Shares Outstanding | 4.6M | 156.8M | - | - | 2.0M | - | - |
| Diluted Shares Outstanding | 4.6M | 156.8M | - | - | 2.0M | - | - |
| 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) |
|---|---|---|---|---|---|---|---|
| Cash & Cash Equivalents | $44.08M | $63.33M | $328.61K | $354.35K | $7.21M | $517.98K | $490.69K |
| Accounts Receivable | $51.12M | $24.68M | - | - | $16.23M | - | - |
| Inventory | $1.26M | $1.54M | - | - | $1.71M | - | - |
| Other Current Assets | $13.52M | $9.62M | - | - | $6.80M | - | - |
| Total Current Assets | $134.88M | $123.08M | $412.13K | $594.01K | $625.98K | $648.98K | $621.41K |
| Property Plant & Equipment | $709.85K | $727.91K | - | - | $778.93K | - | - |
| Intangible Assets | $3.85M | $4.62M | - | - | $1.92M | - | - |
| Other Non-current Assets | $89.92K | $89.92K | - | - | $589.92K | - | - |
| Total Assets | $241.41M | $197.00M | $850.30K | $1.03M | $1.06M | $13.54M | $13.35M |
| Accounts Payable | $39.96M | $11.07M | $297.40K | $199.75K | $205.08K | $150.65K | $217.92K |
| Accrued Liabilities | $24.49M | $11.43M | - | - | $13.07M | $544.19K | $444.95K |
| Deferred Revenue | $66.53M | $50.68M | - | - | $22.17M | - | - |
| Other Current Liabilities | - | - | $270.59K | $270.59K | $270.59K | $270.59K | $270.59K |
| Total Current Liabilities | $219.00M | $113.15M | $4.78M | $4.62M | $4.49M | $3.82M | $3.74M |
| Long-term Debt | $45.50M | - | - | - | - | - | - |
| Total Liabilities | $267.19M | $159.83M | $10.58M | $9.20M | $9.13M | $5.67M | $4.20M |
| Common Stock | $16.91K | $16.86K | - | - | $14.44K | - | - |
| Retained Earnings | $-241.53M | $-175.76M | $-10.87M | $-9.32M | $-9.22M | $-5.72M | $-4.23M |
| Total Stockholders Equity | $-25.78M | $37.17M | $-10.17M | $-8.61M | $-8.50M | $-5.02M | $-3.58M |
| Total Liabilities & Equity | $241.41M | $197.00M | $850.30K | $1.03M | $1.06M | $13.54M | $13.35M |
| 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) |
|---|---|---|---|---|---|---|---|
| Net Income | $-78.63M | $-38.55M | $-1.56M | $-101.68K | $46.08M | $-1.74M | $-243.38K |
| Depreciation & Amortization | $12.89M | $1.53M | - | - | $7.13M | - | - |
| Stock-based Compensation | $1.89M | $7.78M | - | - | $1.46M | - | - |
| Deferred Income Tax | - | - | - | - | $8.40M | - | - |
| Change in Receivables | $26.68M | $8.44M | - | - | $11.89M | - | - |
| Change in Inventory | $-277.50K | $-170.04K | - | - | $-1.35M | - | - |
| Operating Cash Flow | $-24.68M | $-58.65M | $-533.98K | $-341.80K | $37.29M | $-1.86M | $-1.83M |
| Purchases of Investments | - | - | $7.52K | $2.95K | $128.65K | $835.92K | $669.32K |
| Investing Cash Flow | $-40.00M | $-15.58M | $-7.52K | $-2.95K | $43.59M | $31.87M | $32.03M |
| Stock Issued | $1.36M | $102.79M | - | - | $5.92M | - | - |
| Stock Repurchased | $304.85K | $132.94K | - | - | $106.57K | - | - |
| Financing Cash Flow | $45.44M | $130.35M | $375.14K | $204.13K | $-68.71M | $-31.66M | $-31.88M |
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-Q filings.
Quarterly data represents single quarter results (Q1-Q4). Some items may show year-to-date values if quarterly breakdown is unavailable.