$709.92M
Revenue
$-1.63B
Net Income
-34.09%
Gross Margin
-206.70%
Op. Margin
$-1.17B
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 2019 (Dec 31, 2019) |
FY 2018 (Dec 31, 2018) |
FY 2017 (Dec 31, 2017) |
FY 2016 (Dec 31, 2016) |
FY 2015 (Dec 31, 2015) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | $709.92M | $709.92M | $628.81M | $891.34M | $701.44M | $502.34M | $230.24M | $174.63M | $132.93M | $85.93M | $103.29M |
| Revenue Growth % | 0.0% | 12.9% | -29.5% | 27.1% | 39.6% | 118.2% | 31.8% | 31.4% | 54.7% | -16.8% | nan% |
| Cost of Revenue | $951.96M | $951.96M | $1.25B | $1.40B | $895.80M | $673.65M | $219.33M | $172.01M | $131.35M | $81.98M | $113.18M |
| Gross Profit | $-242.04M | $-242.04M | $-624.89M | $-507.79M | $-194.36M | $-171.31M | $27.97M | $2.62M | $-28.09M | $3.95M | $-9.89M |
| Gross Margin % | -34.1% | -34.1% | -99.4% | -57.0% | -27.7% | -34.1% | 12.1% | 1.5% | -21.1% | 4.6% | -9.6% |
| Operating Expenses | $1.23B | $1.23B | $1.39B | $835.73M | $485.19M | $266.01M | $78.01M | $72.11M | $73.70M | $55.47M | $49.11M |
| Research & Development | $57.96M | $57.96M | $77.23M | $113.75M | $99.58M | $64.76M | $33.67M | $33.91M | $28.69M | $21.18M | $14.95M |
| Selling General & Admin | $379.57M | $379.57M | $376.11M | $422.47M | $363.93M | $179.85M | $44.33M | $38.20M | $45.01M | $34.29M | $34.16M |
| Operating Income | $-1.47B | $-1.47B | $-2.02B | $-1.34B | $-679.55M | $-437.32M | $-50.04M | $-69.48M | $-101.79M | $-51.52M | $-59.00M |
| Operating Margin % | -206.7% | -206.7% | -321.2% | -150.7% | -96.9% | -87.1% | -21.7% | -39.8% | -76.6% | -60.0% | -57.1% |
| Interest Expense | $65.13M | $65.13M | $46.62M | $45.20M | $39.04M | $43.23M | $37.03M | $13.06M | $8.79M | $8.26M | $553.00K |
| Interest Income | - | $19.43M | $30.72M | $55.83M | - | - | - | - | - | - | - |
| Other Income/Expense | $7.61M | $7.61M | $-19.96M | $-131.00K | $-2.30M | $-765.00K | $-35.50M | $-22.14M | $-10.10M | $-10.70M | $-349.00K |
| Income Before Tax | $-1.69B | $-1.69B | $-2.11B | $-1.38B | $-723.17M | $-476.16M | $-85.47M | $-87.33M | $-127.08M | $-57.88M | $-55.69M |
| Income Tax Expense | $356.00K | $356.00K | $-2.69M | $-7.36M | $839.00K | $-16.20M | - | $-9.22M | - | $-392.00K | - |
| Net Income | $-1.63B | $-1.63B | $-2.10B | $-1.37B | $-724.01M | $-459.96M | $-85.47M | $-78.11M | $-127.08M | $-57.49M | $-55.69M |
| Net Margin % | -229.8% | -229.8% | -334.7% | -153.6% | -103.2% | -91.6% | -37.1% | -44.7% | -95.6% | -66.9% | -53.9% |
| Basic EPS | -1.41 | -1.42 | -2.68 | -2.30 | -1.25 | -0.82 | -0.36 | nan | nan | nan | nan |
| Diluted EPS | -1.41 | -1.42 | -2.68 | -2.30 | -1.25 | -0.82 | -0.36 | nan | nan | nan | nan |
| Basic Shares Outstanding | - | 1.15B | 785.0M | 595.5M | 579.7M | 558.2M | 237.2M | - | - | - | - |
| Diluted Shares Outstanding | - | 1.15B | 785.0M | 595.5M | 579.7M | 558.2M | 237.2M | - | - | - | - |
| 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 2019 (Dec 31, 2019) |
FY 2018 (Dec 31, 2018) |
FY 2017 (Dec 31, 2017) |
FY 2016 (Dec 31, 2016) |
FY 2015 (Dec 31, 2015) |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Cash Equivalents | $368.54M | $205.69M | $135.03M | $690.63M | $2.48B | $139.50M | $38.60M | $24.83M | $46.01M | $63.96M |
| Accounts Receivable | $134.76M | $157.24M | $243.81M | $129.45M | $92.67M | $25.45M | $37.35M | $15.33M | $11.92M | $22.65M |
| Inventory | $520.97M | $682.64M | $961.25M | $645.64M | $269.16M | $72.39M | $47.91M | $48.78M | $29.94M | $32.75M |
| Other Current Assets | $93.99M | $139.84M | $104.07M | $150.39M | $59.89M | $21.19M | $14.36M | $16.77M | $11.84M | $7.86M |
| Total Current Assets | $1.41B | $1.48B | $1.79B | $3.31B | $4.45B | $313.34M | $155.62M | $119.61M | $110.93M | $131.23M |
| Property Plant & Equipment | $281.00M | $866.33M | $1.44B | $719.79M | $255.62M | - | - | - | - | $7.25M |
| Goodwill | - | - | - | $248.61M | $220.44M | $8.84M | $9.02M | $9.45M | $8.29M | $8.48M |
| Intangible Assets | $29.23M | $84.66M | $188.89M | $207.72M | $158.21M | $5.54M | $3.89M | $3.79M | $3.93M | $4.64M |
| Total Assets | $2.59B | $3.60B | $4.90B | $5.76B | $5.95B | $771.18M | $390.33M | $270.81M | $240.83M | $209.46M |
| Accounts Payable | $168.74M | $180.97M | $257.83M | $191.90M | $92.31M | $40.38M | $34.82M | $42.36M | $32.11M | $20.45M |
| Accrued Liabilities | $128.01M | $103.14M | $200.54M | $156.43M | $79.24M | $14.21M | $7.86M | $10.60M | $8.52M | $9.85M |
| Deferred Revenue | $66.74M | $144.09M | $204.14M | $131.81M | $116.38M | $11.69M | $12.05M | $8.63M | $5.74M | $4.47M |
| Other Current Liabilities | - | $93.89M | $142.41M | $34.06M | $39.80M | $8.54M | $560.00K | $866.00K | $1.61M | $3.42M |
| Total Current Liabilities | $610.59M | $748.49M | $964.80M | $635.27M | $420.55M | $150.79M | $146.37M | $115.72M | $66.48M | $42.71M |
| Long-term Debt | - | - | - | - | - | - | $133.00K | $13.37M | $20.83M | - |
| Other Non-current Liabilities | - | $135.83M | $146.68M | $193.05M | $139.80M | $13.00K | $18.00K | $94.00K | $241.00K | $370.00K |
| Total Liabilities | $1.59B | $1.80B | $2.00B | $1.70B | $1.34B | $635.36M | $355.97M | $196.46M | $146.12M | $83.57M |
| Common Stock | $13.94M | $9.34M | $6.25M | $6.08M | $5.95M | $3.19M | $2.34M | $2.29M | $1.92M | $1.81M |
| Retained Earnings | $-8.23B | $-6.59B | $-4.49B | $-3.12B | $-2.40B | $-1.35B | $-1.26B | $-1.18B | $-1.05B | $-993.88M |
| Treasury Stock | - | - | - | - | $72.53M | $31.22M | $30.64M | $3.10M | $3.09M | $2.91M |
| Total Stockholders Equity | $978.07M | $1.73B | $2.90B | $4.06B | $4.61B | $134.68M | $2.71M | $73.65M | $85.09M | $124.74M |
| Total Liabilities & Equity | $2.59B | $3.60B | $4.90B | $5.76B | $5.95B | $771.18M | $390.33M | $270.81M | $240.83M | $209.46M |
| 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 2019 (Dec 31, 2019) |
FY 2018 (Dec 31, 2018) |
FY 2017 (Dec 31, 2017) |
FY 2016 (Dec 31, 2016) |
FY 2015 (Dec 31, 2015) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $-1.83B | $-1.63B | $-2.10B | $-1.37B | $-724.01M | $-459.96M | $-85.47M | $-78.11M | $-127.08M | $-57.49M | $-55.69M |
| Depreciation & Amortization | - | - | - | - | - | - | - | $11.01M | $9.19M | $4.65M | $2.01M |
| Stock-based Compensation | $85.80M | $50.55M | $82.20M | $162.91M | $179.63M | $76.47M | $10.89M | $8.77M | $9.21M | $9.29M | $7.82M |
| Deferred Income Tax | - | $-164.66M | $-215.03M | $-103.37M | - | - | - | - | - | - | - |
| Change in Receivables | $-20.73M | $5.35M | $-57.65M | $122.77M | $30.92M | $27.60M | $-10.65M | $14.40M | $3.41M | $-10.73M | $5.64M |
| Change in Inventory | $-49.89M | $-51.89M | $-129.29M | $408.63M | $363.71M | $98.79M | $24.48M | $-19.04M | $18.84M | $-2.81M | $7.25M |
| Operating Cash Flow | $-938.78M | $-535.84M | $-728.64M | $-1.11B | $-828.62M | $-358.18M | $-51.52M | $-57.62M | $-60.18M | $-29.64M | $-47.27M |
| Capital Expenditure | $230.68M | $111.16M | $287.10M | $665.21M | $436.61M | $172.17M | $5.68M | $5.14M | $4.09M | $2.74M | $3.52M |
| Acquisitions | - | - | - | - | $56.91M | $136.53M | - | - | - | - | $-1.50M |
| Sales of Investments | - | - | - | $1.01B | $247.88M | $1.13B | - | - | - | - | - |
| Investing Cash Flow | $-272.90M | $-139.01M | $-402.36M | $728.05M | $-679.37M | $-1.74B | $-14.24M | $-19.57M | $-44.36M | $-58.08M | $-2.02M |
| Debt Repayment | $264.91M | $263.88M | $3.53M | $6.01M | $121.39M | $39.63M | $24.83M | $16.19M | $12.29M | $25.00M | - |
| Stock Issued | $874.60M | $322.35M | $857.87M | - | - | $3.59B | $158.43M | $7.20M | $22.99M | $13.00M | - |
| Stock Repurchased | - | - | - | - | - | - | - | - | - | $182.00K | $247.00K |
| Financing Cash Flow | $1.05B | $629.95M | $983.17M | $6.12M | $-77.46M | $3.60B | $325.06M | $119.34M | $83.01M | $69.89M | $-32.92M |
| Net Change in Cash | $188.04M | $162.85M | $70.66M | $-555.60M | $-1.79B | $1.50B | $259.35M | $42.10M | $-32.58M | $-11.16M | $-82.24M |
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 | $177.06M | - | $484.70M | - |
| Cost of Revenue | $297.22M | - | $732.19M | - |
| Gross Profit | $-120.17M | - | $-247.49M | - |
| Operating Expenses | $228.62M | - | $456.70M | - |
| Research & Development | $16.12M | - | $45.67M | - |
| Selling General & Admin | $110.59M | - | $279.32M | - |
| Operating Income | $-348.79M | - | $-704.19M | - |
| Interest Expense | $16.46M | - | $43.88M | - |
| Other Income/Expense | $3.50M | - | $8.61M | - |
| Income Before Tax | $-363.41M | - | $-788.99M | - |
| Income Tax Expense | $92.00K | - | $104.00K | - |
| Net Income | $-361.87M | $-262.33M | $-785.62M | - |
| Basic EPS | -0.31 | - | -0.73 | - |
| Diluted EPS | -0.31 | - | -0.73 | - |
| Basic Shares Outstanding | $1.16B | - | $1.08B | - |
| Diluted Shares Outstanding | $1.16B | - | $1.08B | - |
Condensed Consolidated Balance Sheets
| Description | Sep 30, 2025 | Dec 31, 2024 |
|---|---|---|
| Cash & Cash Equivalents | $165.90M | $205.69M |
| Accounts Receivable | $124.03M | $157.24M |
| Inventory | $555.09M | $682.64M |
| Other Current Assets | $87.66M | $139.84M |
| Total Current Assets | $1.19B | $1.48B |
| Property Plant & Equipment | $877.35M | $866.33M |
| Intangible Assets | $77.95M | $84.66M |
| Total Assets | $3.10B | $3.60B |
| Accounts Payable | $162.22M | $180.97M |
| Accrued Liabilities | $122.36M | $103.14M |
| Deferred Revenue | $88.17M | $144.09M |
| Total Current Liabilities | $902.51M | $748.49M |
| Total Liabilities | $1.61B | $1.80B |
| Common Stock | $12.19M | $9.34M |
| Retained Earnings | $-7.38B | $-6.59B |
| Total Stockholders Equity | $1.42B | $1.73B |
| Total Liabilities & Equity | $3.10B | $3.60B |
Condensed Consolidated Statements of Cash Flows
| Description | Sep 30, 2025 | Sep 30, 2025 | ||
|---|---|---|---|---|
| Current | Prior Year | Current YTD | Prior Year YTD | |
| Net Income | $-361.87M | $-262.33M | $-785.62M | - |
| Stock-based Compensation | - | - | $36.40M | - |
| Change in Receivables | - | - | $-15.87M | - |
| Change in Inventory | - | - | $-32.52M | - |
| Operating Cash Flow | - | - | $-387.19M | - |
| Capital Expenditure | - | - | $106.77M | - |
| Investing Cash Flow | - | - | $-117.71M | - |
| Debt Repayment | - | - | $11.40M | - |
| Stock Issued | - | - | $351.95M | - |
| Financing Cash Flow | - | - | $313.08M | - |
| Net Change in Cash | - | - | $-39.80M | - |
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.