$65.92M
Revenue
$-85.63M
Net Income
20.86%
Gross Margin
-153.45%
Op. Margin
$-153.08M
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) |
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 | $27.10M | $17.71M | $4.21M | $16.90M | $39.92M | $4.05M | $8.72M | $25.43M | $465.00K | $10.99M | $6.86M | $19.61M | $178.00K | $2.93M |
| Revenue Growth % (YoY) | -32.1% | 337.6% | -51.7% | -33.5% | 8485.4% | -63.2% | 27.0% | 29.6% | 161.2% | 274.6% | nan% | nan% | nan% | nan% |
| Cost of Revenue | $17.61M | $12.78M | $3.65M | $18.12M | $39.34M | $1.85M | $3.68M | $11.05M | - | $5.55M | $4.37M | $8.27M | $4.00K | $1.53M |
| Gross Profit | $9.50M | $4.93M | $557.00K | $-1.23M | $584.00K | $2.20M | $5.04M | $14.37M | $465.00K | $5.44M | $2.50M | $11.35M | $174.00K | $1.40M |
| Gross Margin % | 35.0% | 27.8% | 13.2% | -7.3% | 1.5% | 54.4% | 57.8% | 56.5% | 100.0% | 49.5% | 36.4% | 57.9% | 97.8% | 47.9% |
| Operating Expenses | $49.22M | $44.38M | $30.39M | $43.09M | $68.50M | - | - | - | - | - | - | - | - | - |
| Selling General & Admin | $18.93M | $15.68M | $14.84M | $15.34M | $15.27M | $7.06M | $7.08M | $7.94M | $7.13M | $7.30M | $7.46M | $6.02M | $8.49M | $7.08M |
| Operating Income | $-22.12M | $-26.67M | $-26.18M | $-26.19M | $-28.58M | $-11.91M | $-9.04M | $2.02M | $-14.36M | $-6.94M | $-10.66M | $-405.00K | $-14.35M | $-13.66M |
| Operating Margin % | -81.6% | -150.6% | -621.4% | -155.0% | -71.6% | -294.4% | -103.7% | 7.9% | -3087.3% | -63.2% | -155.4% | -2.1% | -8064.0% | -465.9% |
| Interest Expense | $2.18M | $145.00K | $108.00K | $56.00K | $59.00K | $141.00K | $96.00K | $65.00K | $173.00K | $13.00K | $13.00K | $11.00K | $3.00K | - |
| Other Income/Expense | $1.80M | $8.27M | $1.51M | $-1.49M | $-4.66M | $-166.00K | $2.62M | $1.62M | $-124.72M | $17.41M | $5.78M | $114.67M | $-3.91M | - |
| Income Before Tax | $-20.89M | $-16.92M | $-21.81M | $-27.47M | $-33.35M | - | - | - | - | - | - | - | - | - |
| Income Tax Expense | $57.00K | $84.00K | $26.00K | $-1.15M | $-372.00K | - | - | - | - | - | - | - | - | - |
| Net Income | $-20.79M | $-16.74M | $-21.81M | $-26.30M | $-32.91M | $-12.08M | $-6.42M | $3.64M | $-20.09M | $10.47M | $-4.88M | $114.26M | $-17.90M | $-9.25M |
| Net Margin % | -76.7% | -94.5% | -517.9% | -155.6% | -82.4% | -298.5% | -73.6% | 14.3% | -4321.1% | 95.3% | -71.2% | 582.6% | -10056.7% | -315.5% |
| Basic EPS | nan | -0.07 | -0.10 | -0.13 | nan | -0.07 | -0.04 | 0.02 | nan | 0.07 | -0.03 | 0.72 | nan | -0.06 |
| Diluted EPS | nan | -0.07 | -0.10 | -0.13 | nan | -0.07 | -0.04 | 0.02 | nan | 0.07 | -0.03 | 0.72 | nan | -0.06 |
| 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) |
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 | $64.74M | $93.96M | $71.49M | $73.00M | $38.60M | $47.45M | $24.59M | $54.78M | $57.45M | $54.54M | $35.59M | $43.83M | $62.82M | $77.09M |
| Accounts Receivable | $15.99M | $12.06M | $7.79M | $20.37M | $29.02M | $4.91M | $9.55M | $854.00K | $816.00K | $11.46M | $2.93M | $2.10M | $519.00K | $1.79M |
| Inventory | $73.49M | - | - | - | $66.50M | - | - | - | - | - | - | - | - | - |
| Total Current Assets | $958.67M | $326.91M | $288.90M | $256.88M | $230.19M | $193.92M | $208.31M | $228.07M | $232.69M | $168.77M | $139.93M | $148.91M | $135.59M | $127.02M |
| Property Plant & Equipment | $69.80M | $62.09M | $57.26M | $57.03M | $55.19M | $43.55M | $40.36M | $29.80M | $26.12M | $20.21M | $17.43M | $14.63M | $12.66M | $20.90M |
| Intangible Assets | $4.37M | $4.48M | $4.53M | $4.64M | $4.77M | $4.82M | - | - | - | - | - | - | - | - |
| Long-term Investments | - | $8.23M | $7.99M | - | - | - | - | - | - | - | - | - | - | - |
| Other Non-current Assets | $6.52M | - | - | - | $7.61M | - | - | - | $2.75M | - | - | - | - | - |
| Total Assets | $1.41B | $758.32M | $702.47M | $650.79M | $611.97M | $400.40M | $403.39M | $405.79M | $401.94M | $401.19M | $372.07M | $375.45M | $273.95M | $279.08M |
| Accounts Payable | $5.29M | - | - | - | $7.51M | - | - | - | - | - | - | - | - | - |
| Deferred Revenue | - | - | - | - | $813.00K | $600.00K | - | - | - | - | - | - | - | - |
| Other Current Liabilities | $3.74M | - | - | - | $693.00K | - | - | - | $199.00K | - | - | - | - | - |
| Total Current Liabilities | $31.23M | $28.44M | $35.67M | $42.27M | $59.29M | $10.77M | $7.37M | $5.53M | $10.36M | $6.27M | $5.57M | $5.30M | $18.62M | $4.69M |
| Long-term Debt | $675.69M | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Non-current Liabilities | $954.00K | - | - | - | $1.49M | - | - | - | $1.12M | - | - | - | - | - |
| Total Liabilities | $729.28M | $50.75M | $57.70M | $65.36M | $80.29M | $23.72M | $20.66M | $18.10M | $22.73M | $17.87M | $16.93M | $16.44M | $29.54M | $19.22M |
| Common Stock | $1.17B | $1.17B | $1.10B | $1.02B | $937.89M | $745.79M | $739.76M | $738.30M | $733.45M | $717.56M | $699.85M | $698.83M | $698.49M | $696.81M |
| Retained Earnings | $-489.66M | $-468.87M | $-452.13M | $-430.32M | $-404.02M | $-371.10M | $-359.04M | $-352.62M | $-356.26M | $-336.15M | $-346.72M | $-341.86M | $-456.12M | $-438.22M |
| Total Stockholders Equity | $678.40M | $703.25M | $640.18M | $580.81M | $527.79M | $372.75M | $378.78M | $383.73M | $375.25M | $379.46M | $351.19M | $355.03M | $240.43M | $256.01M |
| Total Liabilities & Equity | $1.41B | $758.32M | $702.47M | $650.79M | $611.97M | $400.40M | $403.39M | $405.79M | $401.94M | $401.19M | $372.07M | $375.45M | $273.95M | $279.08M |
| 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) |
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 | $-20.79M | $-16.74M | $-21.81M | $-26.30M | $-32.91M | $-14.86M | $-2.78M | $3.64M | $-20.09M | $10.47M | $109.38M | $114.26M | $-17.90M | $-9.25M |
| Depreciation & Amortization | $1.43M | $4.00M | $2.61M | $1.27M | $1.13M | $2.00M | $1.86M | $668.00K | $727.00K | $2.02M | $1.32M | $655.00K | $740.00K | $850.00K |
| Stock-based Compensation | $3.80M | $8.79M | $5.49M | $2.60M | $1.63M | $3.78M | $2.76M | $1.34M | $592.00K | $4.03M | $2.74M | $1.19M | $1.35M | $3.29M |
| Change in Inventory | $-2.88M | $3.65M | $7.18M | $180.00K | $-6.26M | $-6.78M | $-10.79M | $-8.72M | $10.91M | $-10.81M | $-5.51M | $-538.00K | $11.30M | $-2.73M |
| Operating Cash Flow | $-16.21M | $-73.27M | $-44.77M | $-18.83M | $-35.98M | $-7.99M | $-834.00K | $8.84M | $-4.43M | $-10.98M | $-4.07M | $-2.58M | $-20.25M | $-29.45M |
| Purchases of Investments | $770.59M | $189.58M | $138.94M | $37.21M | $53.17M | $184.28M | $145.02M | $64.73M | $75.73M | $98.90M | $67.78M | $47.92M | - | $11.44M |
| Investing Cash Flow | $-679.50M | $-98.56M | $-75.22M | $-23.37M | $-9.71M | $-3.59M | $-34.95M | $-14.82M | $-7.96M | $-15.89M | $-25.41M | $-19.00M | $5.61M | $-12.67M |
| Stock Issued | - | $226.84M | $151.88M | $77.62M | - | $4.79M | $4.79M | $4.79M | - | $16.05M | - | - | - | $7.89M |
| Financing Cash Flow | $667.04M | $227.92M | $152.13M | $77.84M | $12.03M | $3.56M | $3.56M | $3.50M | $15.38M | $15.04M | $-1.38M | $-846.00K | $407.00K | $7.46M |
| Net Change in Cash | $-29.41M | $58.01M | $33.24M | $34.57M | $-8.13M | $-8.29M | $-32.51M | $-2.53M | $2.97M | $-8.21M | $-27.22M | $-18.93M | $-17.81M | $-34.75M |
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 | $17.71M | - | $38.82M | - |
| Cost of Revenue | $12.78M | - | $34.56M | - |
| Operating Expenses | $44.38M | - | $117.85M | - |
| Selling General & Admin | $15.68M | - | $45.85M | - |
| Operating Income | $-26.67M | - | $-79.03M | - |
| Interest Expense | - | - | $145.00K | - |
| Other Income/Expense | $8.27M | - | $8.28M | - |
| Income Before Tax | $-16.92M | - | $-66.20M | - |
| Income Tax Expense | $84.00K | - | $-1.04M | - |
| Net Income | $-16.74M | $-6.42M | $-64.84M | - |
| Basic EPS | -0.07 | - | -0.29 | - |
| Diluted EPS | -0.07 | - | -0.29 | - |
Condensed Consolidated Balance Sheets
| Description | Sep 30, 2025 | Dec 31, 2024 |
|---|---|---|
| Cash & Cash Equivalents | $93.96M | $38.60M |
| Accounts Receivable | $12.06M | $37.76M |
| Total Current Assets | $326.91M | $230.19M |
| Property Plant & Equipment | $62.09M | $55.19M |
| Intangible Assets | $4.48M | $4.77M |
| Long-term Investments | $8.23M | - |
| Total Assets | $758.32M | $611.97M |
| Total Current Liabilities | $28.44M | $59.29M |
| Total Liabilities | $50.75M | $80.29M |
| Common Stock | $1.17B | $937.89M |
| Retained Earnings | $-468.87M | $-404.02M |
| Total Stockholders Equity | $703.25M | $527.79M |
| Total Liabilities & Equity | $758.32M | $611.97M |
Condensed Consolidated Statements of Cash Flows
| Description | Sep 30, 2025 | Sep 30, 2025 | ||
|---|---|---|---|---|
| Current | Prior Year | Current YTD | Prior Year YTD | |
| Net Income | $-16.74M | $-6.42M | $-64.84M | - |
| Depreciation & Amortization | - | - | $4.00M | - |
| Stock-based Compensation | - | - | $8.79M | - |
| Change in Inventory | - | - | $3.65M | - |
| Operating Cash Flow | - | - | $-73.27M | - |
| Purchases of Investments | - | - | $189.58M | - |
| Investing Cash Flow | - | - | $-98.56M | - |
| Stock Issued | - | - | $226.84M | - |
| Financing Cash Flow | - | - | $227.92M | - |
| Net Change in Cash | - | - | $58.01M | - |
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.