$447.73M
Revenue
$-76.74M
Net Income
62.76%
Gross Margin
-24.55%
Op. Margin
$27.33M
Free Cash Flow
| Breakdown | 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) |
Q1 2024 (Mar 31, 2024) |
Q4 2023 (Dec 31, 2023) |
Q3 2023 (Sep 30, 2023) |
Q2 2023 (Jun 30, 2023) |
Q1 2023 (Mar 31, 2023) |
Q4 2022 (Dec 31, 2022) |
Q3 2022 (Sep 30, 2022) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | $77.74M | $105.12M | $121.39M | $143.48M | $136.59M | $163.15M | $174.35M | $187.99M | $157.85M | $182.85M | $187.60M | $205.19M | $164.74M |
| Revenue Growth % (YoY) | -43.1% | -35.6% | -30.4% | -23.7% | -13.5% | -10.8% | -7.1% | -8.4% | -4.2% | nan% | nan% | nan% | nan% |
| Cost of Revenue | $31.70M | $35.48M | $53.97M | $45.60M | $43.42M | $45.41M | $46.50M | $45.80M | $83.58M | $47.41M | $49.15M | $51.42M | $45.20M |
| Gross Profit | $46.04M | $69.64M | $67.41M | $97.89M | $93.17M | $117.74M | $127.85M | $142.18M | $74.28M | $135.44M | $138.45M | $153.77M | $119.54M |
| Gross Margin % | 59.2% | 66.2% | 55.5% | 68.2% | 68.2% | 72.2% | 73.3% | 75.6% | 47.1% | 74.1% | 73.8% | 74.9% | 72.6% |
| Operating Expenses | $63.16M | $106.10M | $96.42M | $125.20M | $315.46M | $602.74M | $130.34M | $128.90M | $132.15M | $154.14M | $142.90M | $146.10M | $130.97M |
| Research & Development | $18.35M | $28.72M | $29.43M | $41.01M | $41.34M | $43.65M | $44.44M | $45.72M | $46.20M | $52.87M | $46.91M | $46.32M | $45.43M |
| Operating Income | $-17.12M | $-36.46M | $-29.00M | $-27.32M | $-222.29M | $-485.01M | $-2.49M | $13.29M | $-57.87M | $-18.70M | $-4.45M | $7.67M | $-11.44M |
| Operating Margin % | -22.0% | -34.7% | -23.9% | -19.0% | -162.7% | -297.3% | -1.4% | 7.1% | -36.7% | -10.2% | -2.4% | 3.7% | -6.9% |
| Interest Expense | $224.00K | $224.00K | $224.00K | - | $449.00K | $224.00K | $224.00K | - | $741.00K | $517.00K | $437.00K | - | $875.00K |
| Other Income/Expense | $1.38M | $2.06M | $13.00M | $25.85M | $7.59M | $7.12M | $10.78M | $5.14M | $40.49M | $64.10M | $12.08M | $-4.22M | $97.26M |
| Income Before Tax | $-15.79M | $-34.44M | $-16.47M | $-2.10M | $-215.36M | $-478.54M | $7.64M | $17.77M | $-18.11M | $44.29M | $6.36M | $2.15M | $84.30M |
| Income Tax Expense | $1.68M | $1.22M | $1.01M | $4.02M | $-2.72M | $138.34M | $9.06M | $8.10M | $172.00K | $19.68M | $4.18M | $295.00K | $-167.26M |
| Net Income | $-17.47M | $-35.66M | $-17.48M | $-6.12M | $-212.64M | $-616.88M | $-1.42M | $9.66M | $-18.28M | $24.61M | $2.19M | $1.86M | $251.56M |
| Net Margin % | -22.5% | -33.9% | -14.4% | -4.3% | -155.7% | -378.1% | -0.8% | 5.1% | -11.6% | 13.5% | 1.2% | 0.9% | 152.7% |
| Basic EPS | -0.16 | -0.33 | -0.17 | -0.02 | -2.05 | -6.01 | -0.01 | 0.09 | -0.16 | 0.21 | 0.02 | 0.02 | 1.99 |
| Diluted EPS | -0.16 | -0.33 | -0.17 | -0.02 | -2.05 | -6.01 | -0.01 | -0.10 | -0.16 | -0.11 | 0.02 | 0.03 | 1.23 |
| Basic Shares Outstanding | 108.5M | 106.9M | 105.2M | 407K | 103.7M | 102.6M | 102.3M | -2.5M | 115.4M | 118.0M | 123.7M | -609K | 126.1M |
| Diluted Shares Outstanding | 108.5M | 106.9M | 105.2M | 407K | 103.7M | 102.6M | 102.3M | 6.7M | 115.4M | 132.9M | 124.3M | -1.4M | 148.0M |
| Breakdown | 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) |
Q1 2024 (Mar 31, 2024) |
Q4 2023 (Dec 31, 2023) |
Q3 2023 (Sep 30, 2023) |
Q2 2023 (Jun 30, 2023) |
Q1 2023 (Mar 31, 2023) |
Q4 2022 (Dec 31, 2022) |
Q3 2022 (Sep 30, 2022) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Cash Equivalents | $38.18M | $36.83M | $44.10M | $161.47M | $152.07M | $133.07M | $143.75M | $135.76M | $94.42M | $175.37M | $281.30M | $473.68M | $69.35M |
| Short-term Investments | $58.21M | $48.81M | $44.19M | $154.25M | $209.00M | $212.40M | $247.01M | $194.26M | $166.84M | $209.69M | $277.86M | $583.97M | $871.41M |
| Accounts Receivable | $15.44M | $18.05M | $28.55M | $23.64M | $23.75M | $20.96M | $24.74M | $31.40M | $30.48M | $20.67M | $22.00M | $23.52M | $22.19M |
| Other Current Assets | $72.79M | $76.55M | $78.39M | $81.09M | $86.98M | $36.28M | $30.01M | $32.44M | $25.20M | $22.37M | $30.83M | $34.75M | $35.20M |
| Total Current Assets | $203.36M | $203.93M | $209.75M | $437.56M | $496.51M | $433.55M | $465.94M | $414.83M | $347.70M | $446.72M | $637.48M | $1.14B | $1.03B |
| Property Plant & Equipment | $125.60M | $135.49M | $144.97M | $170.65M | $177.88M | $179.28M | $188.43M | $183.07M | $168.74M | $198.32M | $201.31M | $204.38M | $202.36M |
| Goodwill | - | - | - | - | - | $189.77M | $628.78M | $632.00M | $617.69M | $629.56M | $622.68M | $615.09M | $589.70M |
| Intangible Assets | $7.12M | $8.19M | $9.27M | $10.35M | $11.42M | $12.85M | $48.14M | $52.43M | $56.64M | $67.63M | $73.09M | $78.33M | $80.65M |
| Long-term Investments | $15.28M | $28.47M | $38.09M | $212.65M | $270.16M | $259.93M | $221.66M | $249.55M | $412.54M | $422.76M | $613.86M | $216.23M | $286.78M |
| Other Non-current Assets | $8.83M | $8.95M | $15.20M | $14.53M | $15.31M | $15.17M | $15.96M | $28.38M | $28.96M | $28.49M | $19.82M | $20.61M | $21.68M |
| Total Assets | $378.27M | $404.45M | $438.77M | $868.95M | $1.00B | $1.11B | $1.73B | $1.73B | $1.80B | $1.97B | $2.36B | $2.47B | $2.40B |
| Accounts Payable | $8.85M | $8.32M | $16.81M | $15.16M | $18.12M | $14.42M | $20.12M | $28.18M | $18.19M | $12.95M | $13.06M | $12.37M | $14.90M |
| Accrued Liabilities | $111.05M | $121.37M | $109.07M | $115.36M | $125.14M | $68.00M | $73.56M | $77.86M | $73.13M | $76.66M | $68.03M | $70.23M | $68.10M |
| Deferred Revenue | $32.15M | $34.76M | $45.15M | $39.22M | $44.35M | $45.02M | $54.06M | $55.34M | $58.91M | $53.20M | $58.57M | $56.27M | $60.48M |
| Total Current Liabilities | $214.60M | $226.97M | $171.03M | $528.34M | $545.84M | $485.29M | $505.19M | $518.46M | $150.23M | $142.81M | $139.65M | $138.87M | $143.47M |
| Other Non-current Liabilities | $2.26M | $1.93M | $1.79M | $1.78M | $4.95M | $4.87M | $4.60M | $3.33M | $2.24M | $2.43M | $2.66M | $7.99M | $8.00M |
| Total Liabilities | $232.22M | $246.60M | $253.10M | $675.97M | $817.69M | $748.83M | $769.17M | $782.62M | $771.29M | $933.53M | $1.36B | $1.35B | $1.35B |
| Common Stock | $109.00K | $108.00K | $105.00K | $105.00K | $104.00K | $103.00K | $102.00K | $103.00K | $116.00K | $115.00K | $120.00K | $126.00K | $125.00K |
| Retained Earnings | $-960.06M | $-942.59M | $-906.92M | $-889.44M | $-883.32M | $-670.68M | $-53.79M | $-52.37M | $-62.04M | $-43.76M | $-68.37M | $-70.55M | $-72.41M |
| Total Stockholders Equity | $146.05M | $157.86M | $185.67M | $192.98M | $184.98M | $365.50M | $963.47M | $944.62M | $1.03B | $1.04B | $1.01B | $1.12B | $1.05B |
| Total Liabilities & Equity | $378.27M | $404.45M | $438.77M | $868.95M | $1.00B | $1.11B | $1.73B | $1.73B | $1.80B | $1.97B | $2.36B | $2.47B | $2.40B |
| Breakdown | 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) |
Q1 2024 (Mar 31, 2024) |
Q4 2023 (Dec 31, 2023) |
Q3 2023 (Sep 30, 2023) |
Q2 2023 (Jun 30, 2023) |
Q1 2023 (Mar 31, 2023) |
Q4 2022 (Dec 31, 2022) |
Q3 2022 (Sep 30, 2022) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $-17.47M | $-53.15M | $-17.48M | $-6.12M | $-830.94M | $-616.88M | $-1.42M | $9.66M | $-18.28M | $24.61M | $2.19M | $1.86M | $251.56M |
| Depreciation & Amortization | - | - | - | - | $58.97M | $39.39M | $19.69M | - | - | - | - | - | - |
| Stock-based Compensation | $25.09M | $19.17M | $11.26M | $15.35M | $69.27M | $47.34M | $29.29M | $31.91M | $101.60M | $69.67M | $33.75M | $35.12M | $98.34M |
| Deferred Income Tax | $319.00K | $149.00K | $15.00K | $2.22M | $141.10M | $141.03M | $2.88M | $5.65M | $20.93M | $20.14M | $3.44M | $-175.06M | $6.38M |
| Change in Receivables | $-8.59M | $-6.11M | $4.69M | $248.00K | $-8.02M | $-10.56M | $-6.71M | $891.00K | $6.91M | $-3.08M | $-1.58M | $1.49M | $2.26M |
| Change in Payables | $-4.98M | $-6.04M | $1.53M | $-4.07M | $-8.31M | $-12.04M | $-6.59M | $8.24M | $4.82M | $-671.00K | $-336.00K | $-2.42M | $-1.73M |
| Operating Cash Flow | $24.50M | $19.69M | $24.53M | $18.13M | $107.08M | $67.55M | $53.32M | $77.48M | $168.71M | $135.91M | $73.16M | $74.02M | $181.72M |
| Capital Expenditure | $21.65M | $15.89M | $8.66M | $13.29M | $61.66M | $45.82M | $28.02M | $25.75M | $57.30M | $33.86M | $17.17M | $23.85M | $79.24M |
| Acquisitions | - | - | - | - | - | - | - | - | - | - | - | - | $401.12M |
| Purchases of Investments | $793.00K | $793.00K | $793.00K | $36.74M | $134.21M | $123.67M | $79.03M | $52.66M | $585.27M | $552.41M | $497.37M | $196.50M | $534.01M |
| Sales of Investments | $111.12M | $107.71M | $103.21M | $74.76M | $96.91M | $89.89M | $50.73M | $36.00M | $561.20M | $476.86M | - | $101.03M | - |
| Investing Cash Flow | $269.84M | $272.18M | $274.91M | $94.81M | $-83.47M | $-64.10M | $-40.81M | $113.43M | $155.24M | $129.45M | $-106.78M | $342.67M | $-237.78M |
| Stock Issued | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Stock Repurchased | - | - | - | $2.57M | - | - | - | $148.44M | $186.37M | $186.37M | $151.31M | - | $323.53M |
| Financing Cash Flow | $-417.74M | $-417.14M | $-416.96M | $-102.69M | $-6.46M | $-5.63M | $-4.29M | $-149.96M | $-702.81M | $-563.82M | $-158.90M | $-11.85M | $-732.95M |
| Net Change in Cash | $-123.56M | $-124.78M | $-117.30M | $9.38M | $17.01M | $-2.49M | $7.98M | $41.35M | $-379.23M | $-298.26M | $-192.33M | $404.34M | $-784.38M |
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 | $77.74M | $136.59M | $304.25M | $474.09M |
| Cost of Revenue | $31.70M | $43.42M | $121.15M | $135.33M |
| Gross Profit | $46.04M | $93.17M | $183.10M | $338.76M |
| Operating Expenses | $63.16M | $315.46M | $265.68M | $1.05B |
| Research & Development | $18.35M | $41.34M | $76.50M | $129.42M |
| Operating Income | $-17.12M | $-222.29M | $-82.58M | $-709.79M |
| Interest Expense | $41.00K | $658.00K | $224.00K | $449.00K |
| Other Income/Expense | $1.38M | $7.59M | $16.43M | $25.48M |
| Income Before Tax | $-15.79M | $-215.36M | $-66.70M | $-686.26M |
| Income Tax Expense | $1.68M | $-2.72M | $3.92M | $144.68M |
| Net Income | $-17.47M | $-212.64M | $-70.62M | $-830.94M |
| Basic EPS | -0.16 | -2.05 | -0.66 | -8.08 |
| Diluted EPS | -0.16 | -2.05 | -0.66 | -8.08 |
| Basic Shares Outstanding | $108.45M | $103.72M | $106.85M | $102.89M |
| Diluted Shares Outstanding | $108.45M | $103.72M | $106.85M | $102.89M |
Condensed Consolidated Balance Sheets
| Description | Sep 30, 2025 | Dec 31, 2024 |
|---|---|---|
| Cash & Cash Equivalents | $38.18M | - |
| Short-term Investments | $58.21M | $154.25M |
| Accounts Receivable | $15.44M | $23.64M |
| Other Current Assets | $72.79M | $81.09M |
| Total Current Assets | $203.36M | $437.56M |
| Property Plant & Equipment | $125.60M | $170.65M |
| Intangible Assets | $7.12M | $10.35M |
| Long-term Investments | $15.28M | $212.65M |
| Other Non-current Assets | $8.83M | $15.49M |
| Total Assets | $378.27M | $868.95M |
| Accounts Payable | $8.85M | $15.16M |
| Accrued Liabilities | $111.05M | $115.36M |
| Deferred Revenue | $32.15M | $39.22M |
| Total Current Liabilities | $214.60M | $528.34M |
| Other Non-current Liabilities | $2.26M | $1.78M |
| Total Liabilities | $232.22M | $675.97M |
| Common Stock | $109.00K | $105.00K |
| Retained Earnings | $-960.06M | $-889.44M |
| Total Stockholders Equity | $146.05M | $192.98M |
| Total Liabilities & Equity | $378.27M | $868.95M |
Condensed Consolidated Statements of Cash Flows
| Description | Sep 30, 2025 | Sep 30, 2025 | ||
|---|---|---|---|---|
| Current | Prior Year | Current YTD | Prior Year YTD | |
| Net Income | $-17.47M | $-212.64M | $-70.62M | $-830.94M |
| Stock-based Compensation | - | - | $25.09M | $69.27M |
| Deferred Income Tax | - | - | $319.00K | $141.10M |
| Change in Receivables | - | - | $-8.59M | $-8.02M |
| Change in Payables | - | - | $-4.98M | $-8.31M |
| Operating Cash Flow | - | - | $24.50M | $107.08M |
| Capital Expenditure | - | - | $21.65M | $61.66M |
| Purchases of Investments | - | - | $793.00K | $134.21M |
| Sales of Investments | - | - | $111.12M | $96.91M |
| Investing Cash Flow | - | - | $269.84M | $-83.47M |
| Financing Cash Flow | - | - | $-417.74M | $-6.46M |
| Net Change in Cash | - | - | $-123.56M | $17.01M |
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.