$4.46B
Revenue
$-968.63M
Net Income
78.13%
Gross Margin
-25.04%
Op. Margin
$2.20B
Free Cash Flow
| Breakdown | TTM (Sep 30, 2025) |
FY 2024 (Dec 31, 2024) |
FY 2023 (Dec 31, 2023) |
FY 2022 (Dec 31, 2022) |
FY 2021 (Dec 31, 2021) |
|---|---|---|---|---|---|
| Total Revenue | $4.46B | $3.60B | $2.80B | $2.23B | $1.92B |
| Revenue Growth % | 23.9% | 28.7% | 25.8% | 15.9% | nan% |
| Cost of Revenue | $976.03M | $801.16M | $649.12M | $547.66M | $496.87M |
| Gross Profit | $3.49B | $2.80B | $2.15B | $1.68B | $1.42B |
| Gross Margin % | 78.1% | 77.8% | 76.8% | 75.4% | 74.1% |
| Operating Expenses | $5.58B | $4.67B | $4.06B | $3.15B | $2.41B |
| Research & Development | $1.51B | $1.44B | $1.25B | $873.48M | $533.21M |
| Operating Income | $-1.12B | $-1.06B | $-1.26B | $-923.78M | $-495.10M |
| Operating Margin % | -25.0% | -29.5% | -45.0% | -41.5% | -25.8% |
| Interest Expense | $38.94M | $38.75M | $40.71M | $39.90M | $7.00M |
| Interest Income | - | $179.53M | $141.82M | - | - |
| Income Before Tax | $-969.28M | $-936.50M | $-1.16B | $-930.59M | $-503.80M |
| Income Tax Expense | $5.29M | $4.11M | $454.00K | $3.55M | $-320.00K |
| Net Income | $-968.63M | $-935.38M | $-1.15B | $-924.37M | $-491.65M |
| Net Margin % | -21.7% | -26.0% | -41.2% | -41.5% | -25.6% |
| Basic EPS | nan | -1.44 | -1.87 | -1.55 | -0.97 |
| Diluted EPS | nan | -1.44 | -1.87 | -1.55 | -0.97 |
| Basic Shares Outstanding | 697.3M | 647.5M | 616.4M | 595.6M | 505.9M |
| Diluted Shares Outstanding | 697.3M | 647.5M | 616.4M | 595.6M | 505.9M |
| Breakdown | FY 2024 (Dec 31, 2024) |
FY 2023 (Dec 31, 2023) |
FY 2022 (Dec 31, 2022) |
FY 2021 (Dec 31, 2021) |
|---|---|---|---|---|
| Cash & Cash Equivalents | $711.68M | $678.47M | $2.98B | $3.00B |
| Short-term Investments | $1.70B | $1.51B | - | - |
| Accounts Receivable | $614.84M | $505.77M | $379.35M | $307.35M |
| Other Current Assets | $7.81M | $74.55M | $61.64M | $32.09M |
| Total Current Assets | $3.73B | $3.28B | $3.84B | $3.75B |
| Property Plant & Equipment | $659.59M | $695.36M | $592.35M | $271.35M |
| Goodwill | $141.69M | $142.13M | $134.34M | $118.07M |
| Intangible Assets | $34.15M | $53.06M | $54.72M | $59.67M |
| Long-term Investments | $1.61B | $1.04B | - | - |
| Other Non-current Assets | $13.62M | $10.28M | $4.32M | $2.93M |
| Total Assets | $7.18B | $6.17B | $5.38B | $4.56B |
| Accounts Payable | $42.88M | $60.09M | $71.18M | $64.39M |
| Accrued Liabilities | $275.75M | $271.12M | $236.01M | $180.77M |
| Deferred Revenue | $3.00B | $2.41B | $1.94B | $1.76B |
| Other Current Liabilities | $8.21M | - | - | - |
| Total Current Liabilities | $3.66B | $3.05B | $2.48B | $2.17B |
| Long-term Debt | $1.01B | $1.00B | $988.98M | $987.72M |
| Total Liabilities | $6.97B | $6.10B | $5.07B | $3.97B |
| Common Stock | $62.00K | $61.00K | $59.00K | $58.00K |
| Retained Earnings | $-4.00B | $-3.06B | $-1.91B | $-983.94M |
| Total Stockholders Equity | $221.45M | $76.29M | $306.03M | $584.82M |
| Total Liabilities & Equity | $7.18B | $6.17B | $5.38B | $4.56B |
| Breakdown | TTM (Sep 30, 2025) |
FY 2024 (Dec 31, 2024) |
FY 2023 (Dec 31, 2023) |
FY 2022 (Dec 31, 2022) |
FY 2021 (Dec 31, 2021) |
|---|---|---|---|---|---|
| Net Income | $-968.63M | $-935.38M | $-1.15B | $-924.37M | $-491.65M |
| Depreciation & Amortization | $267.88M | $226.44M | $208.14M | $130.08M | $75.62M |
| Stock-based Compensation | $1.89B | $1.02B | $867.97M | $589.50M | $341.94M |
| Deferred Income Tax | - | $-584.00K | $-96.00K | - | - |
| Change in Receivables | $-47.65M | $110.48M | $126.17M | $72.48M | $61.04M |
| Change in Payables | $50.97M | $-7.53M | $-3.48M | $10.30M | $23.37M |
| Operating Cash Flow | $2.46B | $822.32M | $458.18M | $369.30M | $659.11M |
| Capital Expenditure | $263.76M | $179.65M | $320.67M | $426.16M | $93.27M |
| Acquisitions | - | $2.84M | $3.86M | $13.39M | $45.69M |
| Purchases of Investments | $9.02B | $4.64B | $4.59B | - | - |
| Investing Cash Flow | $-1.52B | $-852.07M | $-2.83B | $-441.05M | $-146.82M |
| Stock Issued | $197.88M | $70.34M | $53.23M | $45.75M | $76.18M |
| Financing Cash Flow | $197.88M | $65.89M | $67.18M | $43.64M | $1.60B |
| Net Change in Cash | $1.14B | $33.22M | $-2.30B | $-26.83M | $2.11B |
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 | $1.36B | $918.95M | $3.48B | $2.61B |
| Cost of Revenue | $296.46M | $205.00M | $757.29M | $582.42M |
| Operating Expenses | $1.66B | $1.20B | $4.35B | $3.43B |
| Research & Development | $398.31M | $365.42M | $1.16B | $1.09B |
| Operating Income | $-296.54M | $-278.93M | $-873.70M | $-819.21M |
| Interest Expense | $10.35M | $10.29M | $31.04M | $30.85M |
| Interest Income | $52.09M | $46.72M | $147.26M | $133.27M |
| Income Before Tax | $-256.57M | $-240.14M | $-750.87M | $-718.10M |
| Income Tax Expense | $803.00K | $303.00K | $2.64M | $1.47M |
| Net Income | $-255.63M | $-239.32M | $-749.06M | $-715.81M |
| Basic EPS | -0.37 | -0.37 | -1.09 | -1.11 |
| Diluted EPS | -0.37 | -0.37 | -1.09 | -1.11 |
| Basic Shares Outstanding | $697.28M | $650.96M | $684.70M | $642.98M |
| Diluted Shares Outstanding | $697.28M | $650.96M | $684.70M | $642.98M |
Condensed Consolidated Balance Sheets
| Description | Sep 30, 2025 | Dec 31, 2024 |
|---|---|---|
| Cash & Cash Equivalents | $1.02B | $711.68M |
| Short-term Investments | $1.84B | $1.70B |
| Accounts Receivable | $634.27M | $614.84M |
| Other Current Assets | $96.24M | $75.42M |
| Total Current Assets | $4.35B | $3.73B |
| Property Plant & Equipment | $677.02M | $659.59M |
| Goodwill | $142.63M | $141.69M |
| Intangible Assets | $22.78M | $34.15M |
| Long-term Investments | $2.36B | $1.61B |
| Other Non-current Assets | $19.93M | $13.62M |
| Total Assets | $8.59B | $7.18B |
| Accounts Payable | $88.64M | $42.88M |
| Accrued Liabilities | $341.23M | $275.75M |
| Deferred Revenue | $3.71B | $3.00B |
| Total Current Liabilities | $4.53B | $3.66B |
| Long-term Debt | $992.74M | $1.01B |
| Total Liabilities | $8.20B | $6.97B |
| Common Stock | $64.00K | $62.00K |
| Retained Earnings | $-4.74B | $-4.00B |
| Total Stockholders Equity | $407.57M | $221.45M |
| Total Liabilities & Equity | $8.59B | $7.18B |
Condensed Consolidated Statements of Cash Flows
| Description | Sep 30, 2025 | Sep 30, 2025 | ||
|---|---|---|---|---|
| Current | Prior Year | Current YTD | Prior Year YTD | |
| Net Income | $-255.63M | $-239.32M | $-749.06M | $-715.81M |
| Depreciation & Amortization | $55.31M | $68.61M | $162.83M | $175.13M |
| Stock-based Compensation | - | - | $830.63M | $757.56M |
| Change in Receivables | - | - | $21.42M | $-119.46M |
| Change in Payables | - | - | $21.70M | $-4.40M |
| Operating Cash Flow | - | - | $1.19B | $637.83M |
| Capital Expenditure | - | - | $142.56M | $115.79M |
| Acquisitions | - | - | - | $2.84M |
| Purchases of Investments | - | - | $4.07B | $3.47B |
| Investing Cash Flow | - | - | $-973.12M | $-767.56M |
| Stock Issued | - | - | $84.50M | $57.20M |
| Financing Cash Flow | - | - | $84.50M | $52.75M |
| Net Change in Cash | - | - | $305.14M | $-75.83M |
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.