$447.73M
Revenue
$-76.74M
Net Income
62.76%
Gross Margin
-24.55%
Op. Margin
$27.33M
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) |
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) |
FY 2015 (Dec 31, 2015) |
FY 2014 (Dec 31, 2014) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | $447.73M | $617.57M | $716.29M | $766.90M | $776.26M | $644.34M | $410.93M | $321.08M | $255.07M | $254.09M | $301.37M | $304.83M |
| Revenue Growth % | -27.5% | -13.8% | -6.6% | -1.2% | 20.5% | 56.8% | 28.0% | 25.9% | 0.4% | -15.7% | -1.1% | nan% |
| Cost of Revenue | $166.75M | $180.93M | $225.94M | $197.40M | $254.90M | $205.42M | $92.18M | $80.00M | $80.17M | $119.60M | $189.85M | $210.99M |
| Gross Profit | $280.98M | $436.65M | $490.35M | $569.50M | $521.36M | $438.92M | $318.74M | $241.09M | $174.89M | $134.49M | $111.52M | $93.85M |
| Gross Margin % | 62.8% | 70.7% | 68.5% | 74.3% | 67.2% | 68.1% | 77.6% | 75.1% | 68.6% | 52.9% | 37.0% | 30.8% |
| Operating Expenses | $390.89M | $1.17B | $558.08M | $560.54M | $443.25M | $382.17M | $300.93M | $247.31M | $193.86M | $174.56M | $169.22M | $158.98M |
| Research & Development | $117.50M | $170.43M | $191.71M | $196.64M | $178.82M | $170.91M | $139.77M | $114.29M | $81.93M | $66.33M | $59.39M | $49.39M |
| Operating Income | $-109.90M | $-737.11M | $-67.72M | $8.96M | $78.11M | $56.75M | $17.82M | $-6.22M | $-18.97M | $-40.07M | $-57.70M | $-65.13M |
| Operating Margin % | -24.5% | -119.4% | -9.5% | 1.2% | 10.1% | 8.8% | 4.3% | -1.9% | -7.4% | -15.8% | -19.1% | -21.4% |
| Interest Expense | $672.00K | $449.00K | $741.00K | $875.00K | $1.05M | $1.77M | $1.33M | $605.00K | $85.00K | $50.00K | $95.00K | $317.00K |
| Other Income/Expense | $42.28M | $51.33M | $121.81M | $101.03M | $-65.47M | $8.68M | $20.06M | $3.99M | $560.00K | $-297.00K | $216.00K | $879.00K |
| Income Before Tax | $-68.80M | $-688.37M | $50.31M | $103.95M | $5.74M | $-861.00K | $-6.97M | $-13.46M | $-18.48M | $-40.54M | $-57.73M | $-64.57M |
| Income Tax Expense | $7.94M | $148.70M | $32.13M | $-162.69M | $7.20M | $5.36M | $2.63M | $1.43M | $1.80M | $1.71M | $1.48M | $186.00K |
| Net Income | $-76.74M | $-837.07M | $18.18M | $266.64M | $-1.46M | $-6.22M | $-9.61M | $-14.89M | $-20.28M | $-42.24M | $-59.21M | $-64.76M |
| Net Margin % | -17.1% | -135.5% | 2.5% | 34.8% | -0.2% | -1.0% | -2.3% | -4.6% | -8.0% | -16.6% | -19.6% | -21.2% |
| Basic EPS | -0.68 | -8.10 | 0.16 | 2.09 | -0.01 | -0.05 | -0.08 | nan | nan | nan | nan | nan |
| Diluted EPS | -0.68 | -8.10 | -0.34 | 1.34 | -0.01 | -0.05 | -0.08 | nan | nan | nan | nan | nan |
| Basic Shares Outstanding | 108.5M | 103.3M | 116.5M | 127.6M | 141.3M | 125.4M | 119.2M | - | - | - | - | - |
| Diluted Shares Outstanding | 108.5M | 103.3M | 128.6M | 149.9M | 141.3M | 125.4M | 119.2M | - | - | - | - | - |
| Breakdown | 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) |
FY 2015 (Dec 31, 2015) |
FY 2014 (Dec 31, 2014) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Cash Equivalents | $161.47M | $135.76M | $473.68M | $854.08M | $479.85M | $387.52M | $374.66M | $126.46M | $77.33M | $67.03M | $56.12M |
| Short-term Investments | $154.25M | $194.26M | $583.97M | $691.78M | $665.57M | $381.07M | $93.34M | $81.74M | - | $17.80M | $33.35M |
| Accounts Receivable | $23.64M | $31.40M | $23.52M | $17.85M | $12.91M | $11.53M | $12.73M | $10.86M | $9.21M | $13.16M | $14.40M |
| Other Current Assets | $81.09M | $32.44M | $34.75M | $23.85M | $11.85M | $16.61M | $9.51M | $7.84M | $22.26M | $31.73M | $3.86M |
| Total Current Assets | $437.56M | $414.83M | $1.14B | $1.62B | $1.18B | $807.27M | $494.93M | $228.94M | $111.37M | $132.84M | $110.81M |
| Property Plant & Equipment | $170.65M | $183.07M | $204.38M | $169.94M | $125.81M | $87.36M | $59.90M | $47.49M | $35.30M | $19.97M | $18.37M |
| Goodwill | - | $632.00M | $615.09M | $289.76M | $285.21M | $214.51M | $149.52M | $125.27M | $116.24M | $91.30M | $91.30M |
| Intangible Assets | $10.35M | $52.43M | $78.33M | $40.57M | $51.25M | $34.67M | $25.91M | $21.15M | $20.75M | $8.87M | $13.63M |
| Long-term Investments | $212.65M | $249.55M | $216.23M | $745.99M | $523.63M | $310.48M | $16.05M | $20.30M | - | $4.23M | $1.45M |
| Other Non-current Assets | $14.53M | $28.38M | $20.61M | $21.04M | $24.03M | $18.78M | $14.62M | $3.77M | $4.41M | $4.43M | $1.80M |
| Total Assets | $868.95M | $1.73B | $2.47B | $2.92B | $2.25B | $1.49B | $760.94M | $446.93M | $290.65M | $291.36M | $318.13M |
| Accounts Payable | $15.16M | $28.18M | $12.37M | $11.99M | $8.55M | $7.36M | $8.18M | $7.05M | $5.17M | $5.86M | $10.95M |
| Accrued Liabilities | $115.36M | $77.86M | $70.23M | $67.21M | $61.96M | $39.96M | $34.08M | $31.07M | $44.32M | $35.28M | $31.18M |
| Deferred Revenue | $39.22M | $55.34M | $56.27M | $35.14M | $32.62M | $18.78M | $17.42M | $13.44M | $14.84M | $14.97M | $24.59M |
| Total Current Liabilities | $528.34M | $518.46M | $138.87M | $114.34M | $109.73M | $71.39M | $59.67M | $51.56M | $64.33M | $56.11M | $66.72M |
| Other Non-current Liabilities | $1.78M | $3.33M | $7.99M | $7.38M | $5.71M | $3.96M | $6.96M | $4.30M | - | - | $4.37M |
| Total Liabilities | $675.97M | $782.62M | $1.35B | $1.81B | $1.64B | $990.17M | $350.30M | $55.87M | $68.71M | $60.28M | $71.08M |
| Common Stock | $105.00K | $103.00K | $126.00K | $137.00K | $129.00K | $122.00K | $116.00K | $110.00K | $92.00K | $88.00K | $84.00K |
| Retained Earnings | $-889.44M | $-52.37M | $-70.55M | $-337.19M | $-422.60M | $-416.29M | $-406.58M | $-391.61M | $-371.33M | $-329.08M | $-269.87M |
| Total Stockholders Equity | $192.98M | $944.62M | $1.12B | $1.11B | $609.63M | $498.83M | $410.63M | $391.06M | $221.94M | $231.07M | $247.04M |
| Total Liabilities & Equity | $868.95M | $1.73B | $2.47B | $2.92B | $2.25B | $1.49B | $760.94M | $446.93M | $290.65M | $291.36M | $318.13M |
| 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) |
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) |
FY 2015 (Dec 31, 2015) |
FY 2014 (Dec 31, 2014) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $-94.23M | $-837.07M | $18.18M | $266.64M | $-1.46M | $-6.22M | $-9.61M | $-14.89M | $-20.28M | $-42.24M | $-59.21M | $-64.76M |
| Stock-based Compensation | $70.87M | $84.61M | $133.50M | $133.46M | $108.85M | $84.06M | $64.91M | $52.03M | $38.36M | $41.78M | $38.77M | $36.89M |
| Deferred Income Tax | $2.70M | $143.32M | $26.57M | $-168.68M | $-1.10M | $-109.00K | - | - | - | - | - | - |
| Change in Receivables | $-9.77M | $-7.77M | $7.80M | $3.75M | $5.00M | $400.00K | $-1.83M | $1.54M | $175.00K | $127.00K | $-712.00K | $1.71M |
| Change in Payables | $-13.55M | $-12.38M | $13.06M | $-4.14M | $3.24M | $1.12M | $-2.40M | $893.00K | $2.65M | $-728.00K | $-4.24M | $5.04M |
| Operating Cash Flow | $86.84M | $125.20M | $246.20M | $255.74M | $273.22M | $236.44M | $113.40M | $75.11M | $51.15M | $24.94M | $-82.00K | - |
| Capital Expenditure | $59.51M | $74.95M | $83.05M | $103.09M | $94.18M | $81.32M | $42.33M | $31.22M | $26.14M | $24.69M | $8.25M | $5.08M |
| Acquisitions | - | - | - | $401.12M | $7.89M | $92.80M | $79.15M | $34.65M | $14.93M | $27.05M | - | $53.87M |
| Purchases of Investments | $39.12M | $170.95M | $637.94M | $730.51M | $1.69B | $1.05B | $959.91M | $10.00M | - | $1.02M | $2.02M | - |
| Sales of Investments | $396.81M | $171.67M | $597.20M | $884.94M | $1.20B | $539.89M | - | - | - | - | - | - |
| Investing Cash Flow | $911.74M | $11.35M | $268.67M | $104.89M | $-365.77M | $-732.79M | $-703.42M | $-82.55M | $-136.23M | $-5.96M | $8.27M | - |
| Stock Issued | - | - | - | - | $1.09B | - | - | - | $147.61M | - | - | - |
| Stock Repurchased | - | $2.57M | $334.81M | $323.53M | $300.00M | - | $20.00M | - | - | - | - | - |
| Financing Cash Flow | $-1.35B | $-109.14M | $-852.77M | $-744.80M | $466.72M | $588.63M | $603.51M | $256.42M | $134.21M | $-8.68M | $2.72M | - |
| Net Change in Cash | $-356.27M | $26.38M | $-337.88M | $-380.04M | $374.18M | $92.28M | $13.49M | - | $49.13M | $10.30M | $10.91M | $-20.75M |
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-K filings.
Annual data represents full fiscal year results. FY = Fiscal Year ending.