-
Revenue
$-105.43M
Net Income
-
Gross Margin
-
Op. Margin
$-153.36M
Free Cash Flow
| Breakdown | TTM (Dec 31, 2025) |
FY 2025 (Dec 31, 2025) |
FY 2024 (Dec 31, 2024) |
FY 2023 (Dec 31, 2023) |
FY 2022 (Dec 31, 2022) |
FY 2021 (Dec 31, 2021) |
FY 2020 (Dec 31, 2020) |
FY 2019 (Dec 31, 2019) |
FY 2018 (Dec 31, 2018) |
FY 2017 (Dec 31, 2017) |
FY 2016 (Dec 31, 2016) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Expenses | $122.05M | $122.05M | $88.12M | $7.30M | $10.60M | $19.34M | $9.77M | $5.81M | $8.12M | $18.71M | $16.61M |
| Research & Development | $100.64M | $100.64M | $75.06M | $1.01M | $4.75M | $13.83M | $4.99M | $1.83M | $4.24M | $14.08M | $12.35M |
| Operating Income | $-122.05M | $-122.05M | $-88.12M | $-7.30M | $-10.60M | $-19.34M | $-9.77M | $-5.81M | $-8.12M | $-18.71M | $-16.61M |
| Interest Expense | - | - | $1.47M | - | - | - | $9.00K | $7.00K | $8.00K | $6.00K | - |
| Interest Income | $16.63M | $16.63M | $5.86M | - | - | - | - | - | - | - | - |
| Other Income/Expense | $-12.00K | $-12.00K | $4.00K | - | - | - | - | - | - | - | - |
| Income Before Tax | - | $-105.43M | $-83.72M | - | - | $-19.32M | $-9.75M | $-5.65M | $-7.96M | $-18.55M | $-16.44M |
| Income Tax Expense | - | - | - | - | - | - | $-9.00K | $-167.00K | $-31.00K | $-61.00K | - |
| Net Income | $-105.43M | $-105.43M | $-83.72M | $-5.34M | $-9.93M | $-19.32M | $-9.74M | $-5.48M | $-7.93M | $-18.49M | $-16.44M |
| Basic EPS | nan | nan | -3.87 | -0.37 | -0.69 | -1.39 | nan | nan | nan | nan | nan |
| Diluted EPS | nan | nan | -3.87 | -0.37 | -0.69 | -1.39 | nan | nan | nan | nan | nan |
| Basic Shares Outstanding | - | - | 16.8M | 14.4M | 14.4M | 13.9M | - | - | - | - | - |
| Diluted Shares Outstanding | - | - | 16.8M | 14.4M | 14.4M | 13.9M | - | - | - | - | - |
| Breakdown | FY 2025 (Dec 31, 2025) |
FY 2024 (Dec 31, 2024) |
FY 2023 (Dec 31, 2023) |
FY 2022 (Dec 31, 2022) |
FY 2021 (Dec 31, 2021) |
FY 2020 (Dec 31, 2020) |
FY 2019 (Dec 31, 2019) |
FY 2018 (Dec 31, 2018) |
FY 2017 (Dec 31, 2017) |
FY 2016 (Dec 31, 2016) |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Cash Equivalents | $46.94M | $61.58M | $37.43M | $42.45M | $53.36M | $49.07M | $8.36M | $6.61M | $8.70M | $7.40M |
| Short-term Investments | $290.11M | $314.07M | - | - | - | - | - | - | - | - |
| Other Current Assets | $6.81M | $1.22M | $161.00K | $254.00K | $1.06M | $897.00K | $117.00K | $169.00K | $547.00K | $282.00K |
| Total Current Assets | $343.86M | $376.87M | $37.59M | $42.70M | $54.42M | $49.97M | $8.48M | $6.78M | $12.30M | $21.45M |
| Property Plant & Equipment | $288.00K | $162.00K | $10.00K | $25.00K | $48.00K | $21.00K | $10.00K | $24.00K | $42.00K | $66.00K |
| Long-term Investments | $142.54M | $18.07M | - | - | - | - | - | - | - | - |
| Other Non-current Assets | $103.00K | $43.00K | $12.00K | $18.00K | $18.00K | $12.00K | $24.00K | $24.00K | $24.00K | $766.00K |
| Total Assets | $488.62M | $396.02M | $37.86M | $43.09M | $54.92M | $50.43M | $8.54M | $6.83M | $12.37M | $24.63M |
| Accounts Payable | - | - | $362.00K | $334.00K | $1.12M | $1.77M | $418.00K | $230.00K | $622.00K | $1.21M |
| Total Current Liabilities | $15.37M | $13.04M | $637.00K | $1.13M | $3.50M | $3.50M | $926.00K | $793.00K | $2.07M | $2.40M |
| Total Liabilities | $16.69M | $13.80M | $841.00K | $1.41M | $3.88M | $3.91M | $926.00K | $793.00K | $2.09M | $2.44M |
| Common Stock | $49.00K | $37.00K | $14.00K | $14.00K | $14.00K | $10.00K | $2.00K | $14.00K | $12.00K | $9.00K |
| Retained Earnings | $-189.16M | $-83.72M | $-188.74M | $-183.40M | $-173.48M | $-154.15M | $-144.42M | $-138.93M | $-131.00M | $-112.51M |
| Total Stockholders Equity | $471.93M | $382.22M | $37.02M | $41.67M | $51.04M | $46.52M | $7.61M | $6.03M | $10.28M | $22.19M |
| Total Liabilities & Equity | $488.62M | $396.02M | $37.86M | $43.09M | $54.92M | $50.43M | $8.54M | $6.83M | $12.37M | $24.63M |
| Breakdown | TTM (Dec 31, 2025) |
FY 2025 (Dec 31, 2025) |
FY 2024 (Dec 31, 2024) |
FY 2023 (Dec 31, 2023) |
FY 2022 (Dec 31, 2022) |
FY 2021 (Dec 31, 2021) |
FY 2020 (Dec 31, 2020) |
FY 2019 (Dec 31, 2019) |
FY 2018 (Dec 31, 2018) |
FY 2017 (Dec 31, 2017) |
FY 2016 (Dec 31, 2016) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $-105.43M | $-105.43M | $-83.72M | $-5.34M | $-9.93M | $-19.32M | $-9.74M | $-5.48M | $-7.93M | $-18.49M | $-16.44M |
| Depreciation & Amortization | - | - | - | $15.00K | $20.00K | $16.00K | $8.00K | $18.00K | $22.00K | $27.00K | $24.00K |
| Stock-based Compensation | $39.08M | $24.24M | $14.92M | $686.00K | $556.00K | $497.00K | $43.00K | $151.00K | $273.00K | $458.00K | $576.00K |
| Change in Payables | - | - | - | $28.00K | $-783.00K | $-411.00K | $1.10M | $188.00K | $-392.00K | $-583.00K | $841.00K |
| Operating Cash Flow | $-153.09M | $-88.21M | $-57.84M | $-5.01M | $-10.91M | $-18.76M | $-7.72M | $-4.80M | $-8.24M | $-17.47M | - |
| Capital Expenditure | $269.00K | $209.00K | $189.00K | - | $2.00K | $43.00K | $19.00K | $4.00K | $4.00K | $3.00K | $12.00K |
| Purchases of Investments | $717.54M | $520.96M | $329.94M | - | - | - | - | - | - | - | - |
| Investing Cash Flow | $-6.15M | $-96.75M | $-330.13M | - | $-2.00K | $-43.00K | $-19.00K | $-4.00K | $3.05M | $12.93M | - |
| Stock Issued | - | $671.00K | $54.00K | - | - | $24.07M | $50.89M | $7.28M | $3.53M | $6.55M | - |
| Financing Cash Flow | - | $170.31M | $449.54M | - | - | $23.09M | $48.45M | $6.56M | $3.10M | $5.85M | - |
| Net Change in Cash | - | - | - | $-5.01M | $-10.91M | $4.29M | $40.71M | $1.75M | $-2.09M | $1.30M | - |
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 | |
| Operating Expenses | $34.10M | - | $87.62M | - |
| Research & Development | $28.99M | - | $73.00M | - |
| Operating Income | $-34.10M | - | $-87.62M | - |
| Interest Expense | - | - | - | - |
| Interest Income | $3.83M | - | $11.78M | - |
| Other Income/Expense | $3.83M | - | $11.77M | - |
| Net Income | $-30.28M | $-22.24M | $-75.85M | - |
Condensed Consolidated Balance Sheets
| Description | Sep 30, 2025 | Dec 31, 2024 |
|---|---|---|
| Cash & Cash Equivalents | $91.25M | $61.58M |
| Short-term Investments | $257.90M | $314.07M |
| Other Current Assets | $6.01M | $1.22M |
| Total Current Assets | $355.16M | $376.87M |
| Property Plant & Equipment | $253.00K | $162.00K |
| Long-term Investments | $151.76M | $18.07M |
| Other Non-current Assets | $103.00K | $43.00K |
| Total Assets | $509.25M | $396.02M |
| Total Current Liabilities | $20.97M | $13.04M |
| Total Liabilities | $22.46M | $13.80M |
| Common Stock | $48.00K | $37.00K |
| Retained Earnings | $-159.57M | $-83.72M |
| Total Stockholders Equity | $486.79M | $382.22M |
| Total Liabilities & Equity | $509.25M | $396.02M |
Condensed Consolidated Statements of Cash Flows
| Description | Sep 30, 2025 | Sep 30, 2025 | ||
|---|---|---|---|---|
| Current | Prior Year | Current YTD | Prior Year YTD | |
| Net Income | $-30.28M | $-22.24M | $-75.85M | - |
| Stock-based Compensation | - | - | $20.12M | - |
| Operating Cash Flow | - | - | $-65.62M | - |
| Capital Expenditure | - | - | $146.00K | - |
| Purchases of Investments | - | - | $419.97M | - |
| Investing Cash Flow | - | - | $-74.72M | - |
| Stock Issued | - | - | $109.00K | - |
| Financing Cash Flow | - | - | $170.02M | - |
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.