-
Revenue
$-297.56M
Net Income
-
Gross Margin
-
Op. Margin
$-123.22M
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) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Research & Development | $7.17M | $4.45M | $2.58M | $1.69M | $1.40M | - | - | - | - | - | - | - |
| Operating Income | $-26.12M | $-15.86M | $-8.80M | $-8.72M | $-1.38M | $-1.92M | $-345.56K | $-433.73K | - | $-420.84K | $-228.65K | - |
| Interest Income | $3.18M | $1.31M | $765.00K | $187.00K | $115.00K | - | - | - | - | $3.27M | - | - |
| Other Income/Expense | $-24.54M | $-141.13M | $-133.91M | $60.40M | $1.80M | $3.43M | $3.39M | $3.35M | - | $3.28M | $1.06M | - |
| Net Income | $-50.20M | $-156.68M | $-142.51M | $51.83M | $424.81K | $1.51M | $3.04M | $2.92M | - | $2.86M | $830.82K | - |
| Basic EPS | nan | -1.64 | -1.54 | 0.75 | nan | nan | nan | nan | - | nan | nan | - |
| Diluted EPS | nan | -1.64 | -1.54 | 0.58 | nan | nan | nan | nan | - | nan | nan | - |
| Basic Shares Outstanding | 2.4M | 102.6M | 92.8M | - | 109K | - | - | - | - | - | - | - |
| Diluted Shares Outstanding | 2.4M | 102.6M | 92.8M | 83.1M | 109K | - | - | - | - | - | - | - |
| 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) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Cash Equivalents | $359.93M | $257.61M | $121.79M | $23.35M | $16.76M | $141.20K | $6.59K | $119.21K | $275.67K | $337.59K | $545.74K | - |
| Accounts Receivable | $3.76M | - | - | - | - | - | - | - | - | - | - | - |
| Inventory | $18.54M | - | - | - | - | - | - | - | - | - | - | - |
| Other Current Assets | $3.15M | $1.27M | $1.75M | $2.43M | $378.00K | - | - | - | - | $335.92K | - | - |
| Total Current Assets | $385.38M | $258.88M | $123.55M | $25.78M | $60.50K | $222.95K | $60.06K | $267.59K | $499.66K | $712.84K | $1.08M | - |
| Property Plant & Equipment | $85.41M | - | - | $30.12M | $26.53M | - | - | - | - | - | - | - |
| Goodwill | $134.85M | - | - | - | - | - | - | - | - | - | - | - |
| Intangible Assets | $68.61M | - | - | - | - | - | - | - | - | - | - | - |
| Long-term Investments | - | - | - | - | $24.08M | - | - | - | $258.97M | $255.58M | $252.31M | - |
| Other Non-current Assets | $176.00K | $33.00K | $56.00K | $52.00K | $52.00K | - | - | - | - | - | - | - |
| Total Assets | $695.00M | $323.32M | $179.70M | $77.08M | $24.14M | $269.36M | $265.77M | $262.59M | $259.47M | $256.29M | $253.39M | $256.40K |
| Accounts Payable | $11.07M | $1.83M | $2.24M | $3.11M | $1.82M | - | - | - | - | - | - | - |
| Accrued Liabilities | $14.07M | $13.42M | $5.13M | $3.83M | $3.07M | - | $570.56K | $433.66K | $234.99K | $197.69K | $150.04K | - |
| Deferred Revenue | $10.50M | - | - | - | - | - | - | - | - | - | - | - |
| Other Current Liabilities | - | - | $383.00K | $13.00K | $13.00K | - | - | - | - | - | - | - |
| Total Current Liabilities | $37.91M | $15.68M | $8.18M | $7.33M | $3.94M | $2.73M | $645.56K | $508.66K | $309.99K | $197.69K | $150.04K | $237.60K |
| Deferred Tax Liabilities | $16.71M | - | - | - | - | - | - | - | - | - | - | - |
| Total Liabilities | $191.81M | $368.63M | $286.39M | $97.33M | $17.09M | $15.83M | $13.75M | $13.61M | $13.41M | $13.30M | $13.25M | - |
| Common Stock | $15.00K | $11.00K | $10.00K | $8.00K | $6.00K | - | - | - | - | - | - | - |
| Retained Earnings | $-387.36M | $-337.18M | $-180.50M | $-37.99M | $-17.03M | $-15.60M | $-13.69M | $-13.34M | $-12.91M | $-12.59M | $-12.17M | $-6.20K |
| Total Stockholders Equity | $494.29M | $-58.58M | $-131.93M | $-52.66M | $-17.03M | $-15.60M | $-13.69M | $-13.34M | $-12.91M | $-12.58M | $-12.17M | $18.80K |
| Total Liabilities & Equity | $695.00M | $323.32M | $179.70M | $77.08M | $24.14M | $269.36M | $265.77M | $262.59M | $259.47M | $256.29M | $253.39M | $256.40K |
| 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) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $-50.20M | $-156.68M | $-142.51M | $51.83M | $424.81K | $7.47M | $3.04M | $2.92M | - | $3.68M | $830.82K | - |
| Stock-based Compensation | $4.47M | $4.29M | $1.28M | $1.28M | $1.55M | - | - | - | - | - | - | - |
| Change in Payables | $-2.08M | $-3.40M | $-2.79M | $-1.61M | $146.00K | - | - | - | - | - | - | - |
| Operating Cash Flow | $-27.90M | $-21.09M | $-18.24M | $-10.33M | $-639.10K | $-759.46K | $-269.08K | $-156.46K | - | $-811.08K | $-602.93K | - |
| Capital Expenditure | $23.96M | $13.40M | $6.30M | $2.01M | $851.00K | - | - | - | - | - | - | - |
| Purchases of Investments | - | - | - | - | - | - | - | - | - | $251.25M | $251.25M | - |
| Investing Cash Flow | $-126.17M | $-13.40M | $-6.30M | $-3.05M | - | - | - | - | - | $-251.25M | $-251.25M | - |
| Stock Issued | - | - | - | - | - | - | - | - | - | $245.60M | - | - |
| Financing Cash Flow | $256.38M | $275.33M | $129.56M | $19.97M | $-246.42M | $625.00K | - | - | - | $252.40M | $252.40M | - |
| Net Change in Cash | - | - | - | - | - | - | - | - | - | $337.59K | $545.74K | - |
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 | |
| Research & Development | $4.45M | $1.16M | $8.72M | $4.94M |
| Operating Income | $-15.86M | $-1.96M | $-33.38M | $-9.67M |
| Interest Income | $1.31M | $23.00K | $2.26M | $177.00K |
| Other Income/Expense | $-141.13M | $-49.00K | $-214.64M | $169.00K |
| Net Income | $-156.68M | $-1.87M | $-247.35M | $-8.94M |
| Basic EPS | -1.64 | -0.03 | -2.83 | -0.15 |
| Diluted EPS | -1.64 | -0.03 | -2.83 | -0.15 |
| Basic Shares Outstanding | $102.59M | $59.50M | $95.61M | $59.43M |
| Diluted Shares Outstanding | $102.59M | $59.50M | $95.61M | $59.43M |
Condensed Consolidated Balance Sheets
| Description | Sep 30, 2025 | Dec 31, 2024 |
|---|---|---|
| Cash & Cash Equivalents | $257.61M | $16.76M |
| Other Current Assets | $1.27M | $378.00K |
| Total Current Assets | $258.88M | $22.27M |
| Other Non-current Assets | $33.00K | $52.00K |
| Total Assets | $323.32M | $69.07M |
| Accounts Payable | $1.83M | $1.82M |
| Accrued Liabilities | $13.42M | $3.07M |
| Other Current Liabilities | - | $13.00K |
| Total Current Liabilities | $15.68M | $6.92M |
| Total Liabilities | $368.63M | $15.12M |
| Common Stock | $11.00K | $6.00K |
| Retained Earnings | $-337.18M | $-72.87M |
| Total Stockholders Equity | $-58.58M | $34.02M |
| Total Liabilities & Equity | $323.32M | $69.07M |
Condensed Consolidated Statements of Cash Flows
| Description | Sep 30, 2025 | Sep 30, 2025 | ||
|---|---|---|---|---|
| Current | Prior Year | Current YTD | Prior Year YTD | |
| Net Income | $-156.68M | $-1.87M | $-247.35M | $-8.94M |
| Stock-based Compensation | - | - | $4.29M | $192.00K |
| Change in Payables | - | - | $-3.40M | $944.00K |
| Operating Cash Flow | - | - | $-21.09M | $-9.49M |
| Capital Expenditure | - | - | $13.40M | $2.26M |
| Investing Cash Flow | - | - | $-13.40M | $-2.47M |
| Financing Cash Flow | - | - | $275.33M | $21.75M |
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.