$5.39B
Revenue
$-3.65B
Net Income
2.67%
Gross Margin
-66.55%
Op. Margin
$-3.94B
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) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | $1.29B | $1.56B | $1.30B | $1.24B | $1.73B | $874.00M | $1.16B | $1.20B | $1.31B | $1.34B | $1.12B | $661.00M | $663.00M | $536.00M |
| Revenue Growth % (YoY) | -25.8% | 78.3% | 12.5% | 3.0% | 31.9% | -34.6% | 3.3% | 82.1% | 98.3% | 149.4% | nan% | nan% | nan% | nan% |
| Cost of Revenue | $1.17B | $1.53B | $1.51B | $1.03B | $1.56B | $1.27B | $1.61B | $1.73B | $1.92B | $1.81B | $1.53B | $1.20B | $1.66B | $1.45B |
| Gross Profit | $120.00M | $24.00M | $-206.00M | $206.00M | $170.00M | $-392.00M | $-451.00M | $-527.00M | $-606.00M | $-477.00M | $-412.00M | $-535.00M | $-1.00B | $-917.00M |
| Gross Margin % | 9.3% | 1.5% | -15.8% | 16.6% | 9.8% | -44.9% | -38.9% | -43.8% | -46.1% | -35.7% | -36.8% | -80.9% | -150.8% | -171.1% |
| Operating Expenses | $953.00M | $1.01B | $908.00M | $861.00M | $831.00M | $777.00M | $924.00M | $957.00M | $975.00M | $963.00M | $873.00M | $898.00M | $795.00M | $857.00M |
| Research & Development | $424.00M | $453.00M | $410.00M | $381.00M | $374.00M | $350.00M | $428.00M | $461.00M | $526.00M | $529.00M | $444.00M | $496.00M | $402.00M | $452.00M |
| Selling General & Admin | $529.00M | $554.00M | $498.00M | $480.00M | $457.00M | $427.00M | $496.00M | $496.00M | $449.00M | $434.00M | $429.00M | $402.00M | $393.00M | $405.00M |
| Operating Income | $-833.00M | $-983.00M | $-1.11B | $-655.00M | $-661.00M | $-1.17B | $-1.38B | $-1.48B | $-1.58B | $-1.44B | $-1.28B | $-1.43B | $-1.79B | $-1.77B |
| Operating Margin % | -64.8% | -63.1% | -85.5% | -52.8% | -38.1% | -133.8% | -118.7% | -123.3% | -120.2% | -107.7% | -114.6% | -216.8% | -270.7% | -331.0% |
| Interest Expense | $12.00M | $69.00M | $69.00M | $72.00M | $42.00M | $87.00M | $75.00M | $75.00M | $73.00M | $55.00M | $54.00M | $38.00M | $33.00M | $24.00M |
| Interest Income | $64.00M | $76.00M | $72.00M | $81.00M | $83.00M | $95.00M | $95.00M | $112.00M | $131.00M | $126.00M | $141.00M | $124.00M | $99.00M | $69.00M |
| Other Income/Expense | $32.00M | $-191.00M | $-2.00M | $107.00M | $1.00M | $1.00M | $-11.00M | $2.00M | $2.00M | $2.00M | $3.00M | $-1.00M | $6.00M | $6.00M |
| Income Before Tax | $-801.00M | $-1.17B | $-1.11B | $-539.00M | $-740.00M | $-1.10B | $-1.46B | $-1.45B | $-1.52B | $-1.37B | $-1.20B | $-1.35B | $-1.72B | $-1.72B |
| Income Tax Expense | $3.00M | $-1.00M | $2.00M | $2.00M | $3.00M | - | $1.00M | $1.00M | - | - | - | $1.00M | - | $1.00M |
| Net Income | $-811.00M | $-1.17B | $-1.12B | $-545.00M | $-744.00M | $-1.10B | $-1.46B | $-1.45B | $-1.52B | $-1.37B | $-1.20B | $-1.35B | $-1.72B | $-1.72B |
| Net Margin % | -63.1% | -75.3% | -85.7% | -44.0% | -42.9% | -125.9% | -125.8% | -120.1% | -115.7% | -102.2% | -106.6% | -204.1% | -259.9% | -321.6% |
| Basic EPS | -0.65 | -0.96 | -0.97 | -0.48 | -0.68 | -1.08 | -1.46 | -1.48 | -1.59 | -1.44 | -1.27 | -1.45 | -1.87 | -1.88 |
| Diluted EPS | -0.65 | -0.96 | -0.97 | -0.48 | -0.68 | -1.08 | -1.46 | -1.48 | -1.59 | -1.44 | -1.27 | -1.45 | -1.87 | -1.88 |
| Basic Shares Outstanding | - | 1.22B | 1.16B | 1.14B | 15.0M | 1.01B | 1.00B | 978.0M | 5.0M | 952.0M | 942.0M | 930.0M | 4.0M | 918.0M |
| Diluted Shares Outstanding | - | 1.22B | 1.16B | 1.14B | 15.0M | 1.01B | 1.00B | 978.0M | 5.0M | 952.0M | 942.0M | 930.0M | 4.0M | 918.0M |
| 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) |
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) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Cash Equivalents | $3.58B | $4.44B | $4.81B | $4.69B | $5.29B | $5.40B | $5.76B | $5.98B | $7.86B | $7.94B | $9.26B | $11.24B | $11.57B | $13.27B |
| Short-term Investments | $2.50B | $2.65B | $2.70B | $2.48B | $2.41B | $1.34B | $2.10B | $1.88B | $1.51B | $1.19B | $942.00M | - | - | - |
| Accounts Receivable | $555.00M | $203.00M | $254.00M | $412.00M | $443.00M | $217.00M | $249.00M | $389.00M | $161.00M | $237.00M | $342.00M | $157.00M | $102.00M | $106.00M |
| Inventory | $1.59B | $1.64B | $2.10B | $2.59B | $2.25B | $2.68B | $2.58B | $2.80B | $2.62B | $2.53B | $2.16B | $1.82B | $1.35B | $949.00M |
| Other Current Assets | $361.00M | $346.00M | $255.00M | $215.00M | $192.00M | $201.00M | $258.00M | $270.00M | $164.00M | $186.00M | $156.00M | $126.00M | $112.00M | $97.00M |
| Total Current Assets | $8.59B | $9.28B | $10.12B | $10.39B | $10.58B | $9.84B | $10.96B | $11.31B | $12.31B | $12.09B | $12.86B | $13.35B | $13.13B | $14.42B |
| Property Plant & Equipment | - | - | - | - | - | - | - | - | - | $3.81B | $3.86B | $3.83B | $3.76B | $3.67B |
| Other Non-current Assets | $582.00M | $553.00M | $563.00M | $546.00M | $446.00M | $209.00M | $209.00M | $211.00M | $235.00M | $215.00M | $180.00M | $690.00M | $658.00M | $640.00M |
| Total Assets | $14.86B | $15.22B | $15.60B | $15.51B | $15.41B | $14.26B | $15.35B | $15.73B | $16.78B | $16.46B | $17.23B | $18.19B | $17.88B | $19.02B |
| Accounts Payable | $595.00M | $554.00M | $489.00M | $713.00M | $499.00M | $617.00M | $769.00M | $1.02B | $981.00M | $1.13B | $1.01B | $984.00M | $1.00B | $828.00M |
| Accrued Liabilities | $1.44B | $1.39B | $1.02B | $945.00M | $835.00M | $887.00M | $895.00M | $1.02B | $1.15B | $1.12B | $943.00M | $996.00M | $1.15B | $1.03B |
| Deferred Revenue | $1.28B | - | - | - | $552.00M | - | - | - | - | - | - | - | - | - |
| Other Current Liabilities | $96.00M | - | - | - | $121.00M | - | - | - | - | - | - | - | - | - |
| Total Current Liabilities | $3.69B | $3.42B | $2.94B | $2.79B | $2.25B | $1.93B | $2.09B | $2.40B | $2.49B | $2.62B | $2.27B | $2.27B | $2.42B | $2.11B |
| Long-term Debt | $4.44B | $4.44B | $4.44B | $4.44B | $4.44B | $5.47B | $5.53B | $4.43B | $4.43B | $2.72B | $2.72B | $2.72B | $1.23B | $1.23B |
| Other Non-current Liabilities | $1.59B | $1.74B | $1.68B | $1.62B | $1.78B | $601.00M | $573.00M | $486.00M | $395.00M | $241.00M | $216.00M | $161.00M | $111.00M | $71.00M |
| Total Liabilities | $10.27B | $10.13B | $9.52B | $9.28B | $8.85B | $8.36B | $8.54B | $7.67B | $7.64B | $5.90B | $5.51B | $5.45B | $4.08B | $3.69B |
| Common Stock | $1.00M | $1.00M | $1.00M | $1.00M | $1.00M | $1.00M | $1.00M | $1.00M | $1.00M | $1.00M | $1.00M | $1.00M | $1.00M | $1.00M |
| Retained Earnings | $-26.95B | $-26.14B | $-24.97B | $-23.85B | $-23.30B | $-22.56B | $-21.46B | $-20.00B | $-18.56B | $-17.04B | $-15.67B | $-14.47B | $-13.13B | $-11.40B |
| Total Stockholders Equity | $4.59B | $5.08B | $6.08B | $6.23B | $6.56B | $5.90B | $6.82B | $8.07B | $9.14B | $10.55B | $11.71B | $12.74B | $13.80B | $15.34B |
| Total Liabilities & Equity | $14.86B | $15.22B | $15.60B | $15.51B | $15.41B | $14.26B | $15.35B | $15.73B | $16.78B | $16.46B | $17.23B | $18.19B | $17.88B | $19.02B |
| 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) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $-811.00M | $-1.17B | $-1.12B | $-545.00M | $-744.00M | $-1.10B | $-2.90B | $-1.45B | $-1.52B | $-3.91B | $-2.54B | $-1.35B | $-1.72B | $-1.72B |
| Depreciation & Amortization | $201.00M | $583.00M | $396.00M | $200.00M | $218.00M | $813.00M | $554.00M | $280.00M | $270.00M | $667.00M | $411.00M | $188.00M | $199.00M | $453.00M |
| Stock-based Compensation | $190.00M | $551.00M | $377.00M | $188.00M | $154.00M | $538.00M | $427.00M | $233.00M | $215.00M | $606.00M | $364.00M | $183.00M | $135.00M | $852.00M |
| Change in Receivables | $379.00M | $-267.00M | $-189.00M | $-31.00M | $225.00M | $57.00M | $88.00M | $228.00M | $-76.00M | $135.00M | $239.00M | $55.00M | $-6.00M | $82.00M |
| Change in Inventory | $-11.00M | $-511.00M | $-108.00M | $364.00M | $-515.00M | $208.00M | $125.00M | $435.00M | $133.00M | $1.47B | $1.19B | $781.00M | $454.00M | $1.20B |
| Operating Cash Flow | $-681.00M | $-98.00M | $-124.00M | $-188.00M | $1.18B | $-2.90B | $-2.02B | $-1.27B | $-1.11B | $-3.76B | $-2.88B | $-1.52B | $-1.45B | $-3.61B |
| Capital Expenditure | $463.00M | $1.25B | $800.00M | $338.00M | $327.00M | $814.00M | $537.00M | $254.00M | $298.00M | $728.00M | $538.00M | $283.00M | $294.00M | $1.07B |
| Investing Cash Flow | $-321.00M | $-1.51B | $-1.11B | $-408.00M | $-1.39B | $-594.00M | $-1.09B | $-606.00M | $-603.00M | $-1.91B | $-1.48B | $-283.00M | $-294.00M | $-1.07B |
| Stock Issued | - | $750.00M | $750.00M | $3.00M | $27.00M | $37.00M | $33.00M | $2.00M | $22.00M | $39.00M | $37.00M | $3.00M | $37.00M | $65.00M |
| Financing Cash Flow | $139.00M | $747.00M | $750.00M | $-6.00M | $104.00M | $1.03B | $1.03B | $-2.00M | $1.62B | $1.51B | $1.52B | $1.49B | $37.00M | $62.00M |
| Net Change in Cash | $-862.00M | $-853.00M | $-482.00M | $-601.00M | $-102.00M | $-2.46B | $-2.09B | $-1.88B | $-84.00M | $-4.16B | $-2.84B | $-319.00M | $-1.70B | $-4.62B |
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 | $1.56B | - | $4.10B | - |
| Cost of Revenue | $1.53B | - | $4.08B | - |
| Gross Profit | $24.00M | - | $24.00M | - |
| Operating Expenses | $1.01B | - | $2.78B | - |
| Research & Development | $453.00M | - | $1.24B | - |
| Selling General & Admin | $554.00M | - | $1.53B | - |
| Operating Income | $-983.00M | - | $-2.75B | - |
| Interest Expense | $69.00M | - | $210.00M | - |
| Interest Income | $76.00M | - | $229.00M | - |
| Other Income/Expense | $-191.00M | - | $-86.00M | - |
| Income Before Tax | $-1.17B | - | $-2.82B | - |
| Income Tax Expense | $-1.00M | - | $3.00M | - |
| Net Income | $-1.17B | $-1.46B | $-2.83B | - |
| Basic EPS | -0.96 | - | -2.42 | - |
| Diluted EPS | -0.96 | - | -2.42 | - |
| Basic Shares Outstanding | $1.22B | - | $1.17B | - |
| Diluted Shares Outstanding | $1.22B | - | $1.17B | - |
Condensed Consolidated Balance Sheets
| Description | Sep 30, 2025 | Dec 31, 2024 |
|---|---|---|
| Cash & Cash Equivalents | $4.44B | $5.29B |
| Short-term Investments | $2.65B | $2.41B |
| Accounts Receivable | $203.00M | $443.00M |
| Inventory | $1.64B | $2.25B |
| Other Current Assets | $346.00M | $192.00M |
| Total Current Assets | $9.28B | $10.58B |
| Other Non-current Assets | $553.00M | $446.00M |
| Total Assets | $15.22B | $15.41B |
| Accounts Payable | $554.00M | $499.00M |
| Accrued Liabilities | $1.39B | $835.00M |
| Total Current Liabilities | $3.42B | $2.25B |
| Long-term Debt | $4.44B | $4.44B |
| Other Non-current Liabilities | $1.74B | $1.78B |
| Total Liabilities | $10.13B | $8.85B |
| Common Stock | $1.00M | $1.00M |
| Retained Earnings | $-26.14B | $-23.30B |
| Total Stockholders Equity | $5.08B | $6.56B |
| Total Liabilities & Equity | $15.22B | $15.41B |
Condensed Consolidated Statements of Cash Flows
| Description | Sep 30, 2025 | Sep 30, 2025 | ||
|---|---|---|---|---|
| Current | Prior Year | Current YTD | Prior Year YTD | |
| Net Income | $-1.17B | $-1.46B | $-2.83B | - |
| Depreciation & Amortization | - | - | $583.00M | - |
| Stock-based Compensation | - | - | $551.00M | - |
| Change in Receivables | - | - | $-267.00M | - |
| Change in Inventory | - | - | $-511.00M | - |
| Operating Cash Flow | - | - | $-98.00M | - |
| Capital Expenditure | - | - | $1.25B | - |
| Investing Cash Flow | - | - | $-1.51B | - |
| Stock Issued | - | - | $750.00M | - |
| Financing Cash Flow | - | - | $747.00M | - |
| Net Change in Cash | - | - | $-853.00M | - |
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.