-
Revenue
$-105.43M
Net Income
-
Gross Margin
-
Op. Margin
$-153.36M
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) |
Q1 2023 (Jun 30, 2023) |
Q4 2022 (Dec 31, 2022) |
Q3 2022 (Sep 30, 2022) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Expenses | $34.43M | $34.10M | $28.43M | $25.09M | $30.32M | $29.45M | $3.12M | $2.48M | $1.59M | $1.94M | $1.80M | $1.55M | $2.55M |
| Research & Development | $27.64M | $28.99M | $24.09M | $19.93M | $25.50M | $25.69M | $130.00K | $165.00K | $47.00K | $322.00K | $390.00K | $61.00K | $1.02M |
| Operating Income | $-34.43M | $-34.10M | $-28.43M | $-25.09M | $-30.32M | $-29.45M | $-3.12M | $-2.48M | $-1.59M | $-1.94M | $-1.80M | $-1.55M | $-2.55M |
| Interest Expense | - | - | - | - | - | $504.00K | - | - | - | - | - | - | - |
| Interest Income | $4.85M | $3.83M | $3.86M | $4.09M | $4.53M | $1.33M | - | - | - | - | - | - | - |
| Other Income/Expense | $-11.78M | $3.83M | $3.85M | $4.09M | $142.00K | $826.00K | - | - | - | - | - | - | - |
| Net Income | $-29.58M | $-30.28M | $-24.57M | $-21.00M | $-25.78M | $-28.62M | $-2.68M | $-2.01M | $-1.09M | $-1.42M | $-1.35M | $-1.17M | $-2.33M |
| Basic EPS | nan | nan | -0.46 | -0.40 | 2.21 | -1.46 | -0.18 | -0.14 | -0.08 | -0.10 | -0.09 | -0.08 | -0.16 |
| Diluted EPS | nan | nan | -0.46 | -0.40 | 2.21 | -1.46 | -0.18 | -0.14 | -0.08 | -0.10 | -0.09 | -0.08 | -0.16 |
| Basic Shares Outstanding | - | - | 42.1M | 41.7M | 9.0M | 15.0M | 14.5M | 14.5M | 6K | 14.4M | 14.4M | - | 14.4M |
| Diluted Shares Outstanding | - | - | 42.1M | 41.7M | 9.0M | 15.0M | 14.5M | 14.5M | 6K | 14.4M | 14.4M | - | 14.4M |
| 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) |
Q1 2023 (Jun 30, 2023) |
Q4 2022 (Dec 31, 2022) |
Q3 2022 (Sep 30, 2022) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Cash Equivalents | $46.94M | $91.25M | $65.40M | $83.57M | $61.58M | $410.88M | $33.28M | $35.90M | $37.43M | $38.49M | $40.85M | $42.45M | $43.94M |
| Short-term Investments | $290.11M | $257.90M | $263.01M | $265.52M | $314.07M | - | - | - | - | - | - | - | - |
| Other Current Assets | $6.81M | $6.01M | $3.61M | $2.99M | $1.22M | $2.07M | $537.00K | $767.00K | $161.00K | $405.00K | $852.00K | $254.00K | $611.00K |
| Total Current Assets | $343.86M | $355.16M | $332.01M | $352.08M | $376.87M | $412.95M | $33.82M | $36.67M | $37.59M | $38.89M | $41.70M | $42.70M | $44.55M |
| Property Plant & Equipment | $288.00K | $253.00K | $174.00K | $159.00K | $162.00K | $160.00K | $4.00K | $7.00K | $10.00K | $13.00K | $21.00K | $25.00K | $30.00K |
| Long-term Investments | $142.54M | $151.76M | $23.05M | $23.95M | $18.07M | - | - | - | - | - | - | - | - |
| Other Non-current Assets | $103.00K | $103.00K | $103.00K | $103.00K | $43.00K | $43.00K | $12.00K | $12.00K | $12.00K | $12.00K | $18.00K | $18.00K | $18.00K |
| Total Assets | $488.62M | $509.25M | $357.42M | $377.11M | $396.02M | $414.09M | $33.84M | $36.71M | $37.86M | $39.18M | $42.06M | $43.09M | $44.97M |
| Accounts Payable | - | - | - | - | - | - | $571.00K | $529.00K | $362.00K | $322.00K | $366.00K | $334.00K | $593.00K |
| Total Current Liabilities | $15.37M | $20.97M | $12.11M | $11.72M | $13.04M | $18.04M | $1.27M | $1.58M | $637.00K | $992.00K | $1.27M | $1.13M | $1.94M |
| Total Liabilities | $16.69M | $22.46M | $13.78M | $12.39M | $13.80M | $18.88M | $1.27M | $1.58M | $841.00K | $1.22M | $1.53M | $1.41M | $2.24M |
| Common Stock | $49.00K | $48.00K | $37.00K | $37.00K | $37.00K | $35.00K | $14.00K | $14.00K | $14.00K | $14.00K | $14.00K | $14.00K | $14.00K |
| Retained Earnings | $-189.16M | $-159.57M | $-129.30M | $-104.72M | $-83.72M | $-57.94M | $-193.43M | $-190.75M | $-188.74M | $-187.65M | $-184.75M | $-183.40M | $-182.23M |
| Total Stockholders Equity | $471.93M | $486.79M | $343.64M | $364.73M | $382.22M | $342.37M | $32.57M | $35.12M | $37.02M | $37.97M | $40.53M | $41.67M | $42.73M |
| Total Liabilities & Equity | $488.62M | $509.25M | $357.42M | $377.11M | $396.02M | $414.09M | $33.84M | $36.71M | $37.86M | $39.18M | $42.06M | $43.09M | $44.97M |
| 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) |
Q1 2023 (Jun 30, 2023) |
Q4 2022 (Dec 31, 2022) |
Q3 2022 (Sep 30, 2022) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $-29.58M | $-30.28M | $-24.57M | $-21.00M | $-25.78M | $-28.62M | $-4.69M | $-2.01M | $-1.09M | $-1.42M | $-1.35M | $-1.17M | $-8.75M |
| Depreciation & Amortization | - | - | - | - | - | - | $6.00K | $3.00K | $3.00K | $12.00K | $4.00K | $5.00K | $15.00K |
| Stock-based Compensation | $4.12M | $20.12M | $9.96M | $4.88M | $5.15M | $9.77M | $226.00K | $114.00K | $141.00K | $545.00K | $204.00K | $120.00K | $436.00K |
| Change in Payables | - | - | - | - | - | - | $209.00K | $167.00K | $40.00K | $-12.00K | $32.00K | $-259.00K | $-524.00K |
| Operating Cash Flow | $-22.59M | $-65.62M | $-44.01M | $-20.87M | $-18.82M | $-39.02M | $-4.16M | $-1.53M | $-1.06M | $-3.96M | $-1.59M | $-1.49M | $-9.42M |
| Capital Expenditure | $63.00K | $146.00K | $47.00K | $13.00K | $18.00K | $171.00K | - | - | - | - | - | - | $2.00K |
| Purchases of Investments | $100.99M | $419.97M | $152.29M | $44.29M | - | - | - | - | - | - | - | - | - |
| Investing Cash Flow | $-22.02M | $-74.72M | $47.73M | $42.87M | $-329.96M | $-171.00K | - | - | - | - | - | - | $-2.00K |
| Stock Issued | $562.00K | $109.00K | $109.00K | - | - | - | - | - | - | - | - | - | - |
| Financing Cash Flow | $298.00K | $170.02M | $109.00K | - | $-526.00K | $450.06M | $14.00K | - | - | - | - | - | - |
| Net Change in Cash | - | - | - | - | - | - | $-4.15M | $-1.53M | $-1.06M | $-3.96M | $-1.59M | $-1.49M | $-9.42M |
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-Q filings.
Quarterly data represents single quarter results (Q1-Q4). Some items may show year-to-date values if quarterly breakdown is unavailable.