$2.97M
Revenue
$-258.76M
Net Income
-
Gross Margin
-9675.62%
Op. Margin
$-367.67M
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 | $121.00K | $1.42M | $730.00K | $695.00K | $1.18M | $3.19M | $2.50M | $156.00K | $4.13M | $1.52M | $268.00K | $967.00K | $1.61M | $407.00K |
| Revenue Growth % (YoY) | -89.7% | -55.4% | -70.8% | 345.5% | -71.6% | 110.3% | 832.1% | -83.9% | 156.1% | 272.7% | nan% | nan% | nan% | nan% |
| Operating Expenses | $87.27M | $73.62M | $64.59M | $63.43M | $57.20M | $55.32M | $48.81M | $40.76M | $51.76M | $42.76M | $33.47M | $33.44M | $29.50M | $28.10M |
| Research & Development | $75.33M | $62.93M | $54.20M | $52.61M | $46.94M | $45.26M | $39.69M | $31.66M | $30.43M | $34.53M | $26.25M | $26.80M | $22.90M | $21.57M |
| Operating Income | $-87.15M | $-73.62M | $-63.86M | $-62.74M | $-56.03M | $-52.13M | $-46.32M | $-40.61M | $-47.63M | $-41.24M | $-33.20M | $-32.47M | $-27.89M | $-27.70M |
| Operating Margin % | -72027.3% | -5169.7% | -8747.5% | -9027.2% | -4768.3% | -1633.5% | -1854.2% | -26030.8% | -1152.9% | -2718.5% | -12389.9% | -3357.9% | -1728.8% | -6804.9% |
| Income Before Tax | - | - | - | - | - | - | - | - | - | - | - | - | $-26.49M | $-26.78M |
| Net Income | $-81.32M | $-67.04M | $-56.60M | $-53.80M | $-47.09M | $-42.12M | $-35.84M | $-32.81M | $-43.31M | $-38.26M | $-30.50M | $-29.36M | $-26.49M | $-26.78M |
| Net Margin % | -67204.1% | -4708.1% | -7753.4% | -7740.4% | -4007.8% | -1320.0% | -1434.8% | -21030.8% | -1048.3% | -2522.1% | -11381.3% | -3036.3% | -1642.1% | -6580.8% |
| Basic EPS | -1.23 | -1.01 | -0.85 | -0.81 | -0.71 | -0.64 | -0.54 | -0.56 | -0.84 | -0.81 | -0.65 | -0.62 | -0.57 | -0.57 |
| Diluted EPS | -1.23 | -1.01 | -0.85 | -0.81 | -0.71 | -0.64 | -0.54 | -0.56 | -0.84 | -0.81 | -0.65 | -0.62 | -0.57 | -0.57 |
| Basic Shares Outstanding | - | 66K | 66K | 66K | 658 | 66K | 66K | 59K | 1K | 47K | 47K | 47K | -46.8M | 46.9M |
| Diluted Shares Outstanding | - | 66K | 66K | 66K | 658 | 66K | 66K | 59K | 1K | 47K | 47K | 47K | -46.8M | 46.9M |
| 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 | $28.87M | $36.04M | $23.04M | $17.14M | $28.36M | $36.40M | $42.74M | $115.08M | $34.81M | $21.13M | $28.22M | $54.12M | $29.43M | $18.58M |
| Short-term Investments | $489.70M | $547.19M | $607.29M | $656.15M | $696.92M | $719.60M | $759.58M | $708.77M | $388.78M | $214.21M | $224.47M | $224.26M | $275.52M | $304.89M |
| Other Current Assets | $14.08M | $21.03M | $17.98M | $19.40M | $21.18M | $21.99M | $8.12M | $8.81M | $5.47M | $10.33M | $12.01M | $9.90M | $12.39M | $10.94M |
| Total Current Assets | $534.66M | $604.34M | $648.40M | $693.76M | $747.16M | $778.84M | $811.98M | $835.32M | $431.69M | $245.93M | $264.82M | $289.60M | $317.69M | $334.60M |
| Property Plant & Equipment | $5.33M | $4.83M | $4.39M | $4.60M | $4.35M | $4.23M | $3.86M | $4.06M | $4.06M | $4.16M | $3.94M | $4.00M | $3.75M | $3.75M |
| Intangible Assets | $27.19M | $27.19M | $27.19M | $27.19M | $27.19M | $27.19M | $27.19M | $27.19M | $27.19M | $27.19M | $27.19M | $27.19M | $27.19M | $27.19M |
| Other Non-current Assets | $13.36M | $9.36M | $9.30M | $10.41M | $9.75M | $9.75M | $107.00K | $107.00K | $107.00K | $107.00K | $107.00K | $104.00K | $104.00K | $104.00K |
| Total Assets | $582.98M | $648.44M | $692.41M | $739.47M | $792.34M | $823.18M | $845.59M | $868.85M | $465.63M | $280.26M | $299.31M | $324.52M | $352.74M | $369.23M |
| Accounts Payable | $1.18M | $4.27M | $2.07M | $3.41M | $3.27M | $1.11M | $3.80M | $3.23M | $3.49M | $3.59M | $881.00K | $3.37M | $3.34M | $2.27M |
| Accrued Liabilities | $47.03M | $39.72M | $28.42M | $25.46M | $33.84M | $28.20M | $18.59M | $17.54M | $22.03M | $18.47M | $12.26M | $9.37M | $12.84M | $11.43M |
| Other Current Liabilities | $1.23M | $930.00K | $930.00K | $1.65M | $942.00K | $1.40M | $3.67M | $3.88M | $3.99M | $4.23M | $978.00K | $978.00K | $990.00K | $1.15M |
| Total Current Liabilities | $50.99M | $46.47M | $32.96M | $32.02M | $39.50M | $32.09M | $27.66M | $26.29M | $31.12M | $27.84M | $15.65M | $15.22M | $18.61M | $16.29M |
| Other Non-current Liabilities | $4.04M | $2.54M | $2.54M | $2.54M | $3.47M | $3.47M | $3.47M | $3.47M | $4.40M | $4.40M | $4.40M | $4.40M | $5.33M | $5.33M |
| Total Liabilities | $55.82M | $50.08M | $37.00M | $36.49M | $45.34M | $37.27M | $31.93M | $30.23M | $36.46M | $33.54M | $21.77M | $21.78M | $26.53M | $23.81M |
| Common Stock | $67.00K | $66.00K | $66.00K | $66.00K | $66.00K | $66.00K | $66.00K | $66.00K | $56.00K | $47.00K | $47.00K | $47.00K | $47.00K | $47.00K |
| Retained Earnings | $-1.81B | $-1.73B | $-1.67B | $-1.61B | $-1.56B | $-1.51B | $-1.47B | $-1.43B | $-1.40B | $-1.35B | $-1.32B | $-1.29B | $-1.26B | $-1.23B |
| Total Stockholders Equity | $527.16M | $598.36M | $655.41M | $702.98M | $747.00M | $785.90M | $813.66M | $838.61M | $429.17M | $246.72M | $277.54M | $302.74M | $326.20M | $345.42M |
| Total Liabilities & Equity | $582.98M | $648.44M | $692.41M | $739.47M | $792.34M | $823.18M | $845.59M | $868.85M | $465.63M | $280.26M | $299.31M | $324.52M | $352.74M | $369.23M |
| 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 | $-81.32M | $-67.04M | $-56.60M | - | $-47.09M | - | - | - | $-43.31M | - | - | - | - | - |
| Depreciation & Amortization | $816.00K | $2.56M | $1.74M | $867.00K | $819.00K | $2.36M | $1.57M | $775.00K | $759.00K | $2.25M | $1.48M | $726.00K | $673.00K | $2.22M |
| Stock-based Compensation | $8.91M | $27.31M | $18.51M | $9.32M | $9.78M | $24.46M | $14.84M | $7.20M | $7.21M | $16.68M | $9.56M | $4.34M | $4.51M | $11.10M |
| Operating Cash Flow | $-63.94M | $-147.00M | $-98.38M | $-54.37M | $-32.48M | $-125.30M | $-69.97M | $-40.64M | $-32.53M | $-74.76M | $-55.77M | $-28.57M | $-21.76M | $-81.97M |
| Capital Expenditure | $1.28M | $1.43M | $993.00K | $265.00K | $756.00K | $1.16M | $618.00K | $344.00K | $666.00K | $1.15M | $995.00K | $585.00K | $235.00K | $1.59M |
| Purchases of Investments | $54.79M | $329.71M | $274.08M | $151.82M | $129.18M | $660.75M | $560.69M | $392.18M | $241.39M | $183.17M | $155.42M | $73.85M | $56.35M | $132.61M |
| Investing Cash Flow | $55.42M | $153.65M | $92.80M | $42.95M | $24.05M | $-314.18M | $-361.93M | $-315.21M | $-171.16M | $65.38M | $53.73M | $52.57M | $31.21M | $58.73M |
| Stock Issued | - | - | - | - | - | $432.30M | $432.30M | $432.30M | - | - | - | - | - | - |
| Financing Cash Flow | $1.35M | $1.04M | $265.00K | $202.00K | $386.00K | $441.06M | $439.82M | $436.11M | $217.37M | $1.08M | $827.00K | $694.00K | $1.40M | $2.68M |
| Net Change in Cash | $-7.17M | $7.68M | $-5.31M | $-11.22M | $-8.04M | $1.58M | $7.92M | $80.26M | $13.68M | $-8.29M | $-1.21M | $24.69M | $10.85M | $-20.56M |
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 | - | - | $1.42M | - |
| Operating Expenses | $73.62M | - | $201.64M | - |
| Research & Development | $62.93M | - | $169.74M | - |
| Operating Income | $-73.62M | - | $-200.21M | - |
| Net Income | $-67.04M | $-35.84M | $-177.44M | - |
| Basic EPS | -1.01 | - | -2.67 | - |
| Diluted EPS | -1.01 | - | -2.67 | - |
| Basic Shares Outstanding | $66.42K | - | $66.40K | - |
| Diluted Shares Outstanding | $66.42K | - | $66.40K | - |
Condensed Consolidated Balance Sheets
| Description | Sep 30, 2025 | Dec 31, 2024 |
|---|---|---|
| Cash & Cash Equivalents | $36.04M | $28.36M |
| Short-term Investments | $547.19M | $696.92M |
| Other Current Assets | $21.03M | $21.18M |
| Total Current Assets | $604.34M | $747.16M |
| Property Plant & Equipment | $4.83M | $4.35M |
| Intangible Assets | $27.19M | $27.19M |
| Other Non-current Assets | $9.36M | $9.75M |
| Total Assets | $648.44M | $792.34M |
| Accounts Payable | $4.27M | $3.27M |
| Accrued Liabilities | $39.72M | $33.84M |
| Other Current Liabilities | $930.00K | $942.00K |
| Total Current Liabilities | $46.47M | $39.50M |
| Other Non-current Liabilities | $2.54M | $3.47M |
| Total Liabilities | $50.08M | $45.34M |
| Common Stock | $66.00K | $66.00K |
| Retained Earnings | $-1.73B | $-1.56B |
| Total Stockholders Equity | $598.36M | $747.00M |
| Total Liabilities & Equity | $648.44M | $792.34M |
Condensed Consolidated Statements of Cash Flows
| Description | Sep 30, 2025 | Sep 30, 2025 | ||
|---|---|---|---|---|
| Current | Prior Year | Current YTD | Prior Year YTD | |
| Net Income | $-67.04M | $-35.84M | $-177.44M | - |
| Depreciation & Amortization | - | - | $2.56M | - |
| Stock-based Compensation | - | - | $27.31M | - |
| Operating Cash Flow | - | - | $-147.00M | - |
| Capital Expenditure | - | - | $1.43M | - |
| Purchases of Investments | - | - | $329.71M | - |
| Investing Cash Flow | - | - | $153.65M | - |
| Financing Cash Flow | - | - | $1.04M | - |
| Net Change in Cash | - | - | $7.68M | - |
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.