$123.11M
Revenue
$-22.43M
Net Income
-
Gross Margin
-45.27%
Op. Margin
$24.84M
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) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | $123.11M | $123.10M | $18.15M | $2.04M | - | - | - | $9.00K | $28.00K | $1.24M | $877.00K |
| Revenue Growth % | 0.0% | 578.4% | 789.9% | nan% | nan% | nan% | nan% | -67.9% | -97.7% | 40.9% | nan% |
| Operating Expenses | $178.83M | $178.83M | $29.67M | $23.84M | $14.35M | $9.44M | $6.55M | $5.69M | $6.90M | $5.06M | $9.43M |
| Research & Development | - | - | - | $3.00K | $830.00K | $559.00K | $1.02M | $2.52M | - | - | - |
| Selling General & Admin | - | - | - | - | $11.68M | $7.73M | $4.06M | $3.17M | $3.32M | $496.00K | $253.00K |
| Operating Income | $-55.73M | $-55.73M | $-11.53M | $-21.80M | $-14.35M | $-9.44M | $-6.55M | $-5.68M | $-6.87M | $-3.82M | $-8.55M |
| Operating Margin % | -45.3% | -45.3% | -63.5% | -1069.0% | nan% | nan% | nan% | -63166.7% | -24550.0% | -309.2% | -975.0% |
| Interest Expense | - | - | $9.00K | $686.00K | - | - | - | - | - | - | - |
| Interest Income | $65.00K | $65.00K | $960.00K | $716.00K | $687.00K | $252.00K | - | - | - | - | - |
| Other Income/Expense | $42.57M | $42.57M | $-3.18M | $-1.09M | $-7.76M | $2.27M | $-5.79M | $1.50M | $8.60M | $516.00K | $2.08M |
| Income Before Tax | - | $-13.15M | $-14.70M | - | - | - | - | - | - | - | - |
| Income Tax Expense | - | $7.32M | - | - | - | - | - | - | - | - | - |
| Net Income | $-22.43M | $-22.43M | $-14.70M | $-22.88M | $-22.11M | $-7.17M | $-12.34M | $-4.18M | $1.73M | $-3.31M | $-6.48M |
| Net Margin % | -18.2% | -18.2% | -81.0% | -1122.2% | nan% | nan% | nan% | -46477.8% | 6167.9% | -267.5% | -738.4% |
| Basic EPS | nan | -1.57 | -2.38 | -4.38 | -4.91 | -1.48 | nan | -1.67 | 0.91 | -0.60 | 6.76 |
| Diluted EPS | nan | -1.57 | -2.38 | -3.95 | -4.91 | -1.48 | nan | -1.67 | 0.91 | -0.60 | 6.51 |
| Basic Shares Outstanding | - | 14.3M | 6.2M | 5.2M | 5.3M | 4.8M | - | 2.5M | 1.9M | 5.5M | 3.7M |
| Diluted Shares Outstanding | - | 14.3M | 6.2M | 5.2M | 5.3M | 4.8M | - | 2.5M | 1.9M | 5.5M | 3.8M |
| 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 | $34.01M | $4.08M | $2.83M | $33.17M | $65.56M | $2.71M | $91.00K | $17.00K | $197.00K | $134.00K |
| Short-term Investments | $46.52M | $5.77M | $13.55M | $7.13M | $2.27M | - | $857.00K | $2.70M | $4.00M | $6.03M |
| Other Current Assets | - | $1.02M | $898.00K | $564.00K | $442.00K | $215.00K | - | $188.00K | $150.00K | $135.00K |
| Total Current Assets | - | $28.15M | $28.14M | $50.66M | $90.89M | $27.73M | $1.13M | $2.90M | $4.34M | $6.29M |
| Property Plant & Equipment | $135.00K | $239.00K | $344.00K | - | - | - | - | $1.00K | $3.00K | $6.00K |
| Intangible Assets | - | - | - | - | - | - | - | - | $3.58M | $4.95M |
| Long-term Investments | $11.74M | $12.28M | $24.15M | $23.10M | $9.46M | - | - | - | - | - |
| Total Assets | $112.91M | $47.12M | $57.56M | $76.24M | $102.66M | $30.50M | $11.28M | $13.25M | $8.97M | $11.28M |
| Deferred Revenue | - | $240.00K | - | - | - | - | - | - | $957.00K | - |
| Other Current Liabilities | - | $157.00K | $22.00K | - | - | - | - | - | - | - |
| Total Current Liabilities | - | $3.78M | $1.61M | $1.79M | $1.06M | $877.00K | $750.00K | $1.15M | $2.58M | $2.67M |
| Total Liabilities | $43.54M | $7.27M | $4.63M | $2.47M | $1.06M | $877.00K | $750.00K | $1.15M | $4.87M | $5.96M |
| Common Stock | $5.60M | - | - | - | $9.00K | $3.00K | - | - | - | - |
| Retained Earnings | $-268.13M | $-223.47M | $-208.76M | $-185.88M | $-163.77M | $-156.60M | $-144.27M | $-140.08M | $3.20M | $-141.75M |
| Treasury Stock | - | $501.00K | $501.00K | $3.32M | $264.00K | $264.00K | $264.00K | $264.00K | $264.00K | $264.00K |
| Total Stockholders Equity | $69.37M | $39.85M | $52.92M | $73.77M | $101.59M | $29.62M | $10.53M | $12.10M | $4.11M | $5.32M |
| Total Liabilities & Equity | $112.91M | $47.12M | $57.56M | $76.24M | $102.66M | $30.50M | $11.28M | $13.25M | $8.97M | $11.28M |
| 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 | $-22.43M | $-22.43M | $-14.70M | $-22.88M | $-22.11M | $-7.17M | $-12.34M | $-4.18M | $1.73M | $-3.31M | $-6.48M |
| Stock-based Compensation | $117.40M | $33.98M | $1.63M | $2.98M | $1.47M | $314.00K | $84.00K | $329.00K | $320.00K | $23.00K | $562.00K |
| Operating Cash Flow | $24.84M | $22.72M | $-15.12M | $-22.23M | $-10.60M | $-6.60M | $-4.02M | $-3.02M | $-2.73M | $-3.27M | $70.00K |
| Capital Expenditure | - | - | - | $427.00K | - | - | - | - | $36.00K | - | $4.00K |
| Purchases of Investments | $40.16M | $18.03M | $7.83M | $34.12M | $15.02M | $5.67M | - | $200.00K | $922.00K | $675.00K | $18.04M |
| Investing Cash Flow | $-7.82M | $1.89M | $16.36M | $-7.17M | $-14.60M | $-8.85M | $-24.96M | $1.26M | $-151.00K | $1.26M | $-2.97M |
| Stock Issued | $40.59M | $13.55M | - | - | - | - | $17.84M | $787.00K | $2.70M | $2.10M | $2.14M |
| Stock Repurchased | - | - | - | - | $3.06M | - | - | - | - | - | - |
| Dividends Paid | $26.06M | $11.90M | - | - | - | - | - | - | - | - | - |
| Financing Cash Flow | $20.53M | $5.32M | - | $-939.00K | $-7.19M | $78.30M | $31.61M | $1.83M | $2.70M | $2.07M | $2.90M |
| Net Change in Cash | - | - | - | $-30.34M | $-32.39M | $62.85M | - | $74.00K | $-180.00K | $63.00K | $-8.00K |
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 | $50.82M | $4.04M | $93.03M | $11.58M |
| Operating Expenses | $52.42M | $7.24M | $146.06M | $20.32M |
| Operating Income | $-1.60M | $-3.20M | $-53.03M | $-8.74M |
| Interest Income | $550.00K | $280.00K | $973.00K | $729.00K |
| Other Income/Expense | $127.68M | $-1.01M | $164.29M | $-7.04M |
| Net Income | $125.21M | $-4.21M | $109.33M | $-15.77M |
| Basic EPS | 8.11 | -0.67 | 7.98 | -2.57 |
| Diluted EPS | 7.27 | nan | 7.86 | nan |
| Basic Shares Outstanding | $15.44M | $6.33M | $13.70M | $6.13M |
| Diluted Shares Outstanding | $17.22M | - | $13.90M | - |
Condensed Consolidated Balance Sheets
| Description | Sep 30, 2025 | Dec 31, 2024 |
|---|---|---|
| Cash & Cash Equivalents | $5.37M | $4.08M |
| Short-term Investments | $170.84M | $5.77M |
| Other Current Assets | $1.26M | $1.02M |
| Total Current Assets | $206.33M | $28.15M |
| Property Plant & Equipment | $161.00K | $239.00K |
| Long-term Investments | $11.74M | $12.28M |
| Total Assets | $223.45M | $47.12M |
| Deferred Revenue | $795.00K | $240.00K |
| Other Current Liabilities | $599.00K | $157.00K |
| Total Current Liabilities | $7.49M | $3.78M |
| Total Liabilities | $13.15M | $7.27M |
| Common Stock | - | - |
| Retained Earnings | $-126.12M | $-223.47M |
| Treasury Stock | - | $501.00K |
| Total Stockholders Equity | $210.16M | $39.85M |
| Total Liabilities & Equity | $223.45M | $47.12M |
Condensed Consolidated Statements of Cash Flows
| Description | Sep 30, 2025 | Sep 30, 2025 | ||
|---|---|---|---|---|
| Current | Prior Year | Current YTD | Prior Year YTD | |
| Net Income | $125.21M | $-4.21M | $109.33M | $-15.77M |
| Stock-based Compensation | - | - | $54.81M | $1.12M |
| Operating Cash Flow | - | - | $-4.03M | $-11.90M |
| Purchases of Investments | - | - | $16.96M | $4.01M |
| Investing Cash Flow | - | - | $945.00K | $12.47M |
| Stock Issued | - | - | $13.52M | - |
| Dividends Paid | - | - | $11.99M | - |
| Financing Cash Flow | - | - | $4.38M | - |
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.