$123.11M
Revenue
$-22.43M
Net Income
-
Gross Margin
-45.27%
Op. Margin
$24.84M
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 | $30.08M | $50.82M | $34.09M | $8.11M | $6.56M | $4.04M | $6.17M |
| Revenue Growth % (YoY) | 358.4% | 1157.0% | 452.2% | nan% | nan% | nan% | nan% |
| Operating Expenses | $32.77M | $52.42M | $53.52M | $40.12M | $9.35M | $7.24M | $8.91M |
| Operating Income | $-2.69M | $-1.60M | $-19.43M | $-32.01M | $-2.79M | $-3.20M | $-2.74M |
| Operating Margin % | -8.9% | -3.1% | -57.0% | -394.6% | -42.5% | -79.1% | -44.3% |
| Interest Income | $-908.00K | $550.00K | $364.00K | $59.00K | $231.00K | $280.00K | $285.00K |
| Other Income/Expense | $-121.72M | $127.68M | $37.09M | $-478.00K | $3.86M | $-1.01M | $-3.38M |
| Net Income | $-131.77M | $125.21M | $16.61M | $-32.49M | $1.07M | $-4.21M | $-6.12M |
| Net Margin % | -438.1% | 246.4% | 48.7% | -400.5% | 16.3% | -104.2% | -99.1% |
| Basic EPS | nan | 8.11 | 1.12 | -3.02 | nan | -0.67 | -1.01 |
| Diluted EPS | nan | 7.27 | 1.12 | -3.02 | nan | -0.67 | -1.01 |
| Basic Shares Outstanding | - | 15.4M | 14.8M | 10.8M | - | 6.3M | 6.1M |
| Diluted Shares Outstanding | - | 17.2M | 14.8M | 10.8M | - | 6.3M | 6.1M |
| 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 | $34.01M | $5.37M | $9.47M | $6.32M | $4.08M | $3.40M | $5.80M |
| Short-term Investments | $46.52M | $170.84M | $18.77M | $12.55M | $5.77M | $3.77M | $6.32M |
| Other Current Assets | - | $1.26M | $1.12M | $899.00K | $1.02M | $3.12M | $2.31M |
| Total Current Assets | - | $206.33M | $60.35M | $34.70M | $28.15M | $24.76M | $28.77M |
| Property Plant & Equipment | $135.00K | $161.00K | $187.00K | $213.00K | $239.00K | $265.00K | $291.00K |
| Long-term Investments | $11.74M | $11.74M | $43.74M | $12.06M | $12.28M | $13.77M | $15.29M |
| Total Assets | $112.91M | $223.45M | $109.34M | $52.34M | $47.12M | $43.43M | $49.07M |
| Deferred Revenue | - | $795.00K | $436.00K | $380.00K | $240.00K | - | - |
| Other Current Liabilities | - | $599.00K | $65.00K | $552.00K | $157.00K | $336.00K | $456.00K |
| Total Current Liabilities | - | $7.49M | $16.53M | $6.05M | $3.78M | $2.42M | $3.90M |
| Total Liabilities | $43.54M | $13.15M | $20.74M | $9.91M | $7.27M | $5.16M | $6.71M |
| Common Stock | $5.60M | - | - | - | - | - | - |
| Retained Earnings | $-268.13M | $-126.12M | $-246.42M | $-263.03M | $-223.47M | $-224.53M | $-220.32M |
| Treasury Stock | - | - | $501.00K | $501.00K | $501.00K | $501.00K | $501.00K |
| Total Stockholders Equity | $69.37M | $210.16M | $88.60M | $42.43M | $39.85M | $38.27M | $42.36M |
| Total Liabilities & Equity | $112.91M | $223.45M | $109.34M | $52.34M | $47.12M | $43.43M | $49.07M |
| 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 | $-131.77M | $125.21M | $16.61M | $-32.49M | $1.07M | $-15.77M | $-6.12M |
| Stock-based Compensation | $-20.83M | $54.81M | $54.80M | $28.63M | $517.00K | $1.12M | $997.00K |
| Operating Cash Flow | $26.75M | $-4.03M | $882.00K | $1.24M | $-3.22M | $-11.90M | $-7.18M |
| Purchases of Investments | $1.07M | $16.96M | $13.09M | $9.04M | $3.82M | $4.01M | $3.96M |
| Investing Cash Flow | $943.00K | $945.00K | $-4.27M | $-5.44M | $3.89M | $12.47M | $10.15M |
| Stock Issued | $34.00K | $13.52M | $13.52M | $13.52M | - | - | - |
| Dividends Paid | $-92.00K | $11.99M | $7.08M | $7.08M | - | - | - |
| Financing Cash Flow | $938.00K | $4.38M | $8.78M | $6.44M | - | - | - |
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-Q filings.
Quarterly data represents single quarter results (Q1-Q4). Some items may show year-to-date values if quarterly breakdown is unavailable.