-
Revenue
$-261.04M
Net Income
-
Gross Margin
-
Op. Margin
$-853.90M
Free Cash Flow
| Breakdown | TTM (Dec 31, 2025) |
FY 2025 (Sep 30, 2025) |
FY 2024 (Sep 30, 2024) |
FY 2023 (Sep 30, 2023) |
FY 2022 (Sep 30, 2022) |
FY 2021 (Sep 30, 2021) |
|---|---|---|---|---|---|---|
| Total Revenue | - | $766.31M | $378.97M | $168.41M | $131.52M | $39.29M |
| Revenue Growth % | nan% | 102.2% | 125.0% | 28.0% | 234.8% | nan% |
| Cost of Revenue | $368.43M | $343.10M | $165.52M | $93.58M | $41.23M | $5.26M |
| Gross Profit | - | $423.21M | $213.45M | $74.83M | $90.29M | $34.02M |
| Gross Margin % | nan% | 55.2% | 56.3% | 44.4% | 68.6% | 86.6% |
| Operating Expenses | $992.77M | $447.37M | $528.01M | $299.45M | $169.39M | $51.19M |
| Operating Income | $-207.58M | $318.95M | $-149.04M | $-131.04M | $-37.86M | $-11.90M |
| Operating Margin % | nan% | 41.6% | -39.3% | -77.8% | -28.8% | -30.3% |
| Interest Expense | $12.17M | $11.34M | $2.46M | $2.98M | $1.08M | $145.73K |
| Income Before Tax | - | $364.46M | $-145.78M | $-132.16M | $-40.09M | $-8.23M |
| Income Tax Expense | - | - | - | - | - | - |
| Net Income | $-261.04M | $364.46M | $-145.78M | $-136.59M | $-57.33M | $-21.81M |
| Net Margin % | nan% | 47.6% | -38.5% | -81.1% | -43.6% | -55.5% |
| Basic Shares Outstanding | 281.5M | 282.2M | 216.9M | 102.7M | 42.6M | 29.4M |
| Diluted Shares Outstanding | 281.5M | 317.8M | 216.9M | 102.7M | 42.6M | 29.4M |
| Breakdown | FY 2025 (Sep 30, 2025) |
FY 2024 (Sep 30, 2024) |
FY 2023 (Sep 30, 2023) |
FY 2022 (Sep 30, 2022) |
FY 2021 (Sep 30, 2021) |
|---|---|---|---|---|---|
| Cash & Cash Equivalents | $42.97M | $121.22M | $29.21M | $20.46M | $18.04M |
| Accounts Receivable | - | - | $5.00K | $27.03K | $307.07K |
| Other Current Assets | $11.88M | $8.00M | $56.24M | $11.15M | $23.60M |
| Total Current Assets | $1.32B | $705.43M | $102.17M | $50.78M | $57.73M |
| Property Plant & Equipment | $1.36B | $869.69M | $564.39M | $376.78M | $137.62M |
| Goodwill | $131.66M | $8.04M | $8.04M | - | $12.05M |
| Intangible Assets | $5.85M | $3.04M | $4.60M | $6.49M | $8.22M |
| Total Assets | $3.18B | $1.96B | $761.58M | $452.62M | $317.47M |
| Accounts Payable | $15.16M | $82.99M | $39.90M | - | - |
| Accrued Liabilities | $117.54M | $43.87M | $25.68M | - | - |
| Other Current Liabilities | $6.10M | $2.24M | $311.00K | - | - |
| Total Current Liabilities | $315.76M | $187.89M | $74.06M | $34.04M | $10.06M |
| Other Non-current Liabilities | $3.28M | $997.00K | - | - | - |
| Total Liabilities | $1.01B | $201.82M | $84.35M | $48.61M | $11.76M |
| Common Stock | $296.00K | $271.00K | $160.00K | $55.66K | $37.39K |
| Retained Earnings | $-125.89M | $-479.22M | $-332.64M | $-196.05M | $-138.39M |
| Total Stockholders Equity | $2.18B | $1.76B | $677.23M | $404.01M | $305.72M |
| Total Liabilities & Equity | $3.18B | $1.96B | $761.58M | $452.62M | $317.47M |
| Breakdown | TTM (Dec 31, 2025) |
FY 2025 (Sep 30, 2025) |
FY 2024 (Sep 30, 2024) |
FY 2023 (Sep 30, 2023) |
FY 2022 (Sep 30, 2022) |
FY 2021 (Sep 30, 2021) |
|---|---|---|---|---|---|---|
| Net Income | $-153.04M | $364.46M | $-145.78M | $-136.59M | $-57.33M | $-21.81M |
| Depreciation & Amortization | $599.78M | $348.33M | $154.61M | $120.73M | $49.04M | $9.34M |
| Stock-based Compensation | $63.59M | $45.34M | $29.55M | $24.14M | $31.46M | $8.55M |
| Deferred Income Tax | $13.87M | $39.11M | $3.34M | $2.42M | - | - |
| Change in Receivables | - | - | - | $108.00K | $530.31K | $429.68K |
| Change in Inventory | - | - | - | $593.00K | $136.59K | $-107.06K |
| Operating Cash Flow | $-853.90M | $-461.03M | $-233.66M | $-30.39M | $71.44M | $-23.99M |
| Capital Expenditure | - | $144.66M | $66.10M | $61.46M | $19.29M | $139.23M |
| Acquisitions | - | - | - | - | $19.77M | - |
| Investing Cash Flow | $-541.94M | $-305.66M | $-920.40M | $-331.93M | $-210.98M | $-229.16M |
| Debt Repayment | - | - | - | - | - | $5.88M |
| Stock Repurchased | $750.00M | $145.00M | - | - | - | - |
| Financing Cash Flow | $1.71B | $688.87M | $1.25B | $371.07M | $141.96M | $268.06M |
| Net Change in Cash | $313.15M | $-77.82M | $95.06M | $8.75M | $2.42M | $14.91M |
SEC Filing Format - Data shown as it appears in the Q1 2026 (10-Q) filing
Period ended: Dec 31, 2025
Condensed Consolidated Statements of Operations
| Description | Dec 31, 2025 | |
|---|---|---|
| Current | Prior Year | |
| Cost of Revenue | $95.62M | $70.29M |
| Operating Expenses | $497.73M | $-47.67M |
| Operating Income | $-316.55M | $209.98M |
| Interest Expense | $2.40M | $1.40M |
| Income Before Tax | $-378.71M | $246.79M |
| Income Tax Expense | $31.41M | $9.22M |
| Net Income | $-378.71M | $246.79M |
Condensed Consolidated Balance Sheets
| Description | Dec 31, 2025 | Sep 30, 2025 |
|---|---|---|
| Cash & Cash Equivalents | $458.10M | $42.97M |
| Other Current Assets | $35.12M | $11.88M |
| Total Current Assets | $1.47B | $1.32B |
| Property Plant & Equipment | $1.36B | $1.36B |
| Goodwill | $131.66M | $131.66M |
| Intangible Assets | $4.91M | $5.85M |
| Total Assets | $3.33B | $3.18B |
| Accounts Payable | $22.12M | $15.16M |
| Accrued Liabilities | $103.69M | $117.54M |
| Other Current Liabilities | $11.16M | $6.10M |
| Total Current Liabilities | $139.50M | $315.76M |
| Long-term Debt | $1.79B | $644.59M |
| Other Non-current Liabilities | $4.21M | $3.28M |
| Total Liabilities | $1.94B | $1.01B |
| Common Stock | $298.00K | $296.00K |
| Retained Earnings | $-504.61M | $-125.89M |
| Total Stockholders Equity | $1.38B | $2.18B |
| Total Liabilities & Equity | $3.33B | $3.18B |
Condensed Consolidated Statements of Cash Flows
| Description | Dec 31, 2025 | |
|---|---|---|
| Current | Prior Year | |
| Net Income | $-378.71M | $246.79M |
| Depreciation & Amortization | $106.31M | $66.23M |
| Stock-based Compensation | $12.13M | $3.02M |
| Deferred Income Tax | $-31.41M | $9.22M |
| Operating Cash Flow | $-161.13M | $-119.45M |
| Capital Expenditure | $36.93M | $57.36M |
| Investing Cash Flow | $79.59M | $-255.95M |
| Stock Repurchased | $460.00M | $145.00M |
| Financing Cash Flow | $496.38M | $531.13M |
| Net Change in Cash | $414.83M | $155.73M |
All values are in USD (United States Dollars). Data is sourced from SEC EDGAR 10-K filings.
Annual data represents full fiscal year results. FY = Fiscal Year ending.