$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) |
|---|---|---|---|---|---|---|---|
| Total Revenue | $121.00K | $1.42M | $730.00K | $695.00K | $1.18M | $3.19M | $2.50M |
| Revenue Growth % (YoY) | -89.7% | -55.4% | -70.8% | nan% | nan% | nan% | nan% |
| Operating Expenses | $87.27M | $73.62M | $64.59M | $63.43M | $57.20M | $55.32M | $48.81M |
| Research & Development | $75.33M | $62.93M | $54.20M | $52.61M | $46.94M | $45.26M | $39.69M |
| Operating Income | $-87.15M | $-73.62M | $-63.86M | $-62.74M | $-56.03M | $-52.13M | $-46.32M |
| Operating Margin % | -72027.3% | -5169.7% | -8747.5% | -9027.2% | -4768.3% | -1633.5% | -1854.2% |
| Net Income | $-81.32M | $-67.04M | $-56.60M | $-53.80M | $-47.09M | $-42.12M | $-35.84M |
| Net Margin % | -67204.1% | -4708.1% | -7753.4% | -7740.4% | -4007.8% | -1320.0% | -1434.8% |
| Basic EPS | -1.23 | -1.01 | -0.85 | -0.81 | -0.71 | -0.64 | -0.54 |
| Diluted EPS | -1.23 | -1.01 | -0.85 | -0.81 | -0.71 | -0.64 | -0.54 |
| Basic Shares Outstanding | - | 66K | 66K | 66K | 658 | 66K | 66K |
| Diluted Shares Outstanding | - | 66K | 66K | 66K | 658 | 66K | 66K |
| 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 | $28.87M | $36.04M | $23.04M | $17.14M | $28.36M | $36.40M | $42.74M |
| Short-term Investments | $489.70M | $547.19M | $607.29M | $656.15M | $696.92M | $719.60M | $759.58M |
| Other Current Assets | $14.08M | $21.03M | $17.98M | $19.40M | $21.18M | $21.99M | $8.12M |
| Total Current Assets | $534.66M | $604.34M | $648.40M | $693.76M | $747.16M | $778.84M | $811.98M |
| Property Plant & Equipment | $5.33M | $4.83M | $4.39M | $4.60M | $4.35M | $4.23M | $3.86M |
| Intangible Assets | $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 |
| Total Assets | $582.98M | $648.44M | $692.41M | $739.47M | $792.34M | $823.18M | $845.59M |
| Accounts Payable | $1.18M | $4.27M | $2.07M | $3.41M | $3.27M | $1.11M | $3.80M |
| Accrued Liabilities | $47.03M | $39.72M | $28.42M | $25.46M | $33.84M | $28.20M | $18.59M |
| Other Current Liabilities | $1.23M | $930.00K | $930.00K | $1.65M | $942.00K | $1.40M | $3.67M |
| Total Current Liabilities | $50.99M | $46.47M | $32.96M | $32.02M | $39.50M | $32.09M | $27.66M |
| Other Non-current Liabilities | $4.04M | $2.54M | $2.54M | $2.54M | $3.47M | $3.47M | $3.47M |
| Total Liabilities | $55.82M | $50.08M | $37.00M | $36.49M | $45.34M | $37.27M | $31.93M |
| Common Stock | $67.00K | $66.00K | $66.00K | $66.00K | $66.00K | $66.00K | $66.00K |
| Retained Earnings | $-1.81B | $-1.73B | $-1.67B | $-1.61B | $-1.56B | $-1.51B | $-1.47B |
| Total Stockholders Equity | $527.16M | $598.36M | $655.41M | $702.98M | $747.00M | $785.90M | $813.66M |
| Total Liabilities & Equity | $582.98M | $648.44M | $692.41M | $739.47M | $792.34M | $823.18M | $845.59M |
| 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 | $-81.32M | $-67.04M | $-56.60M | - | $-47.09M | - | - |
| Depreciation & Amortization | $816.00K | $2.56M | $1.74M | $867.00K | $819.00K | $2.36M | $1.57M |
| Stock-based Compensation | $8.91M | $27.31M | $18.51M | $9.32M | $9.78M | $24.46M | $14.84M |
| Operating Cash Flow | $-63.94M | $-147.00M | $-98.38M | $-54.37M | $-32.48M | $-125.30M | $-69.97M |
| Capital Expenditure | $1.28M | $1.43M | $993.00K | $265.00K | $756.00K | $1.16M | $618.00K |
| Purchases of Investments | $54.79M | $329.71M | $274.08M | $151.82M | $129.18M | $660.75M | $560.69M |
| Investing Cash Flow | $55.42M | $153.65M | $92.80M | $42.95M | $24.05M | $-314.18M | $-361.93M |
| Stock Issued | - | - | - | - | - | $432.30M | $432.30M |
| Financing Cash Flow | $1.35M | $1.04M | $265.00K | $202.00K | $386.00K | $441.06M | $439.82M |
| Net Change in Cash | $-7.17M | $7.68M | $-5.31M | $-11.22M | $-8.04M | $1.58M | $7.92M |
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.