$709.92M
Revenue
$-1.63B
Net Income
-34.09%
Gross Margin
-206.70%
Op. Margin
$-1.17B
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 | $225.22M | $177.06M | $173.97M | $133.67M | $191.47M | $173.73M | $143.35M |
| Revenue Growth % (YoY) | 17.6% | 1.9% | 21.4% | nan% | nan% | nan% | nan% |
| Cost of Revenue | $219.77M | $297.22M | $227.44M | $207.53M | $426.00M | $273.75M | $274.61M |
| Gross Profit | $5.45M | $-120.17M | $-53.47M | $-73.86M | $-234.53M | $-100.03M | $-131.25M |
| Gross Margin % | 2.4% | -67.9% | -30.7% | -55.3% | -122.5% | -57.6% | -91.6% |
| Operating Expenses | $768.64M | $228.62M | $123.48M | $104.59M | $1.07B | $116.14M | $113.42M |
| Research & Development | $12.29M | $16.12M | $12.19M | $17.36M | $13.29M | $19.71M | $18.94M |
| Selling General & Admin | $100.25M | $110.59M | $87.89M | $80.84M | $121.42M | $91.59M | $85.14M |
| Operating Income | $-763.19M | $-348.79M | $-176.95M | $-178.46M | $-1.30B | $-216.17M | $-244.67M |
| Operating Margin % | -338.9% | -197.0% | -101.7% | -133.5% | -678.7% | -124.4% | -170.7% |
| Interest Expense | $21.24M | $16.46M | $15.94M | $11.49M | $16.64M | $9.15M | $9.51M |
| Other Income/Expense | $-1.00M | $3.50M | $3.82M | $1.29M | $-19.40M | $15.51M | $-9.08M |
| Income Before Tax | $-904.33M | $-363.41M | $-228.72M | $-196.86M | $-1.34B | $-211.07M | $-262.71M |
| Income Tax Expense | $252.00K | $92.00K | $12.00K | - | $-2.57M | $95.00K | $-376.00K |
| Net Income | $-845.97M | $-361.87M | $-227.10M | $-196.66M | $-1.34B | $-211.17M | $-262.33M |
| Net Margin % | -375.6% | -204.4% | -130.5% | -147.1% | -697.5% | -121.5% | -183.0% |
| Basic EPS | -0.69 | -0.31 | -0.20 | -0.21 | -1.65 | -0.25 | -0.36 |
| Diluted EPS | -0.69 | -0.31 | -0.20 | -0.21 | -1.65 | -0.25 | -0.36 |
| Basic Shares Outstanding | - | 1.16B | 1.13B | 945.8M | 39.2M | 858.4M | 736.8M |
| Diluted Shares Outstanding | - | 1.16B | 1.13B | 945.8M | 39.2M | 858.4M | 736.8M |
| 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 | $368.54M | $165.90M | $140.74M | $295.84M | $205.69M | $93.94M | $62.36M |
| Accounts Receivable | $134.76M | $124.03M | $138.74M | $144.95M | $157.24M | $167.22M | $189.86M |
| Inventory | $520.97M | $555.09M | $643.93M | $693.47M | $682.64M | $885.76M | $939.53M |
| Other Current Assets | $93.99M | $87.66M | $113.44M | $112.07M | $139.84M | $124.82M | $124.92M |
| Total Current Assets | $1.41B | $1.19B | $1.33B | $1.53B | $1.48B | $1.63B | $1.67B |
| Property Plant & Equipment | $281.00M | $877.35M | $910.14M | $879.85M | $866.33M | $1.53B | $1.51B |
| Intangible Assets | $29.23M | $77.95M | $81.04M | $82.78M | $84.66M | $175.01M | $178.34M |
| Total Assets | $2.59B | $3.10B | $3.35B | $3.63B | $3.60B | $4.72B | $4.78B |
| Accounts Payable | $168.74M | $162.22M | $152.06M | $191.61M | $180.97M | $207.22M | $253.72M |
| Accrued Liabilities | $128.01M | $122.36M | $105.17M | $128.86M | $103.14M | $107.40M | $112.61M |
| Deferred Revenue | $66.74M | $88.17M | $107.06M | $137.57M | $144.09M | $132.34M | $174.83M |
| Other Current Liabilities | - | - | - | $98.44M | $93.89M | $117.48M | $103.22M |
| Total Current Liabilities | $610.59M | $902.51M | $835.77M | $788.38M | $748.49M | $786.95M | $809.61M |
| Other Non-current Liabilities | - | - | - | $114.26M | $135.83M | $142.94M | $159.83M |
| Total Liabilities | $1.59B | $1.61B | $1.59B | $1.70B | $1.80B | $1.70B | $1.79B |
| Common Stock | $13.94M | $12.19M | $11.66M | $9.98M | $9.34M | $9.00M | $8.07M |
| Retained Earnings | $-8.23B | $-7.38B | $-7.02B | $-6.79B | $-6.59B | $-5.26B | $-5.05B |
| Total Stockholders Equity | $978.07M | $1.42B | $1.68B | $1.86B | $1.73B | $3.03B | $2.99B |
| Total Liabilities & Equity | $2.59B | $3.10B | $3.35B | $3.63B | $3.60B | $4.72B | $4.78B |
| 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 | $-845.97M | $-361.87M | $-423.75M | $-196.66M | $-1.34B | $-769.28M | $-558.11M |
| Stock-based Compensation | $14.14M | $36.40M | $24.17M | $11.09M | $18.08M | $64.12M | $40.01M |
| Change in Receivables | $21.22M | $-15.87M | $-13.83M | $-12.25M | $20.39M | $-78.05M | $-55.26M |
| Change in Inventory | $-19.37M | $-32.52M | $-16.36M | $18.36M | $-98.42M | $-30.87M | $11.93M |
| Operating Cash Flow | $-148.64M | $-387.19M | $-297.38M | $-105.57M | $-131.24M | $-597.40M | $-422.47M |
| Capital Expenditure | $4.39M | $106.77M | $79.07M | $40.45M | $33.95M | $253.15M | $193.92M |
| Investing Cash Flow | $-21.30M | $-117.71M | $-87.32M | $-46.57M | $-43.84M | $-358.53M | $-268.66M |
| Debt Repayment | $252.48M | $11.40M | $688.00K | $344.00K | $2.80M | $726.00K | $685.00K |
| Stock Issued | $-29.59M | $351.95M | $276.19M | $276.05M | $64.62M | $793.25M | $572.12M |
| Financing Cash Flow | $316.87M | $313.08M | $226.06M | $193.23M | $204.00M | $779.17M | $526.75M |
| Net Change in Cash | $202.65M | $-39.80M | $-64.96M | $90.15M | $111.75M | $-41.09M | $-72.67M |
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-Q filings.
Quarterly data represents single quarter results (Q1-Q4). Some items may show year-to-date values if quarterly breakdown is unavailable.