$702.57M
Revenue
$-51.46M
Net Income
70.35%
Gross Margin
-9.08%
Op. Margin
$15.09M
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 | $192.88M | $186.69M | $158.68M | $164.32M | $147.54M | $148.05M | $131.93M | $132.51M | $124.60M | $124.13M | $111.44M | $112.62M | $103.88M |
| Revenue Growth % (YoY) | 30.7% | 26.1% | 20.3% | 24.0% | 18.4% | 19.3% | 18.4% | 17.7% | 20.0% | nan% | nan% | nan% | nan% |
| Cost of Revenue | $55.76M | $53.83M | $49.46M | $49.26M | $46.06M | $44.58M | $44.41M | $45.09M | $42.13M | $37.91M | $35.76M | $33.91M | $32.95M |
| Gross Profit | $137.12M | $132.86M | $109.22M | $115.07M | $101.48M | $103.47M | $87.52M | $87.43M | $82.47M | $86.22M | $75.68M | $78.71M | $70.92M |
| Gross Margin % | 71.1% | 71.2% | 68.8% | 70.0% | 68.8% | 69.9% | 66.3% | 66.0% | 66.2% | 69.5% | 67.9% | 69.9% | 68.3% |
| Operating Expenses | $145.55M | $151.56M | $141.77M | $119.15M | $151.78M | $126.45M | $125.65M | $126.61M | $110.08M | $105.10M | $115.19M | $99.41M | $92.01M |
| Research & Development | - | - | - | - | - | $19.69M | $16.99M | $15.42M | $16.31M | $13.68M | $14.84M | $12.68M | $11.45M |
| Selling General & Admin | $124.22M | $126.38M | $119.96M | $99.77M | $103.38M | $106.76M | $108.66M | $100.11M | $93.77M | $91.42M | $100.34M | $86.73M | $80.56M |
| Operating Income | $-8.43M | $-18.71M | $-32.56M | $-4.08M | $-50.30M | $-22.98M | $-38.14M | $-39.18M | $-27.60M | $-18.87M | $-39.50M | $-20.70M | $-21.09M |
| Operating Margin % | -4.4% | -10.0% | -20.5% | -2.5% | -34.1% | -15.5% | -28.9% | -29.6% | -22.2% | -15.2% | -35.4% | -18.4% | -20.3% |
| Interest Expense | $9.92M | $4.96M | $4.96M | - | $6.39M | $1.59M | $2.86M | $941.00K | $927.00K | $832.00K | $950.00K | $1.01M | $614.00K |
| Interest Income | $5.94M | $5.32M | $4.92M | $5.74M | $6.46M | - | - | $1.73M | - | - | - | - | - |
| Other Income/Expense | $578.00K | $2.26M | $875.00K | $481.00K | $1.18M | $6.38M | $2.95M | $6.30M | - | - | $1.43M | $1.59M | $365.00K |
| Income Before Tax | $-5.19M | $-14.40M | $-30.04M | $-1.18M | $-45.99M | $-19.91M | $-45.63M | $-38.44M | $-26.92M | $-18.27M | $-39.02M | $-20.12M | $-21.34M |
| Income Tax Expense | $24.00K | $-183.00K | $665.00K | $151.00K | $188.00K | $194.00K | $32.00K | $255.00K | $195.00K | $213.00K | $87.00K | $73.00K | $116.00K |
| Net Income | $-5.21M | $-14.22M | $-30.70M | $-1.33M | $-46.18M | $-20.11M | $-45.67M | $-38.70M | $-27.12M | $-18.48M | $-39.11M | $-20.20M | $-21.45M |
| Net Margin % | -2.7% | -7.6% | -19.3% | -0.8% | -31.3% | -13.6% | -34.6% | -29.2% | -21.8% | -14.9% | -35.1% | -17.9% | -20.7% |
| Basic EPS | -0.16 | -0.44 | -0.97 | -0.04 | -1.48 | -0.65 | -1.47 | -1.26 | -0.89 | -0.61 | -1.29 | -0.66 | -0.71 |
| Diluted EPS | -0.16 | -0.44 | -0.97 | -0.04 | -1.48 | -0.65 | -1.47 | -1.26 | -0.89 | -0.61 | -1.29 | -0.66 | -0.71 |
| Basic Shares Outstanding | 32.2M | 32.0M | 31.6M | 49K | 31.3M | 31.1M | 31.0M | 58K | 30.6M | 30.5M | 30.3M | 79K | 30.1M |
| Diluted Shares Outstanding | 32.2M | 32.0M | 31.6M | 49K | 31.3M | 31.1M | 31.0M | 58K | 30.6M | 30.5M | 30.3M | 79K | 30.1M |
| 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 | $255.60M | $309.11M | $375.28M | $419.60M | $519.53M | $550.55M | $520.42M | $36.17M | $47.48M | $61.58M | $52.80M | $78.83M | $71.22M |
| Short-term Investments | $309.61M | $236.44M | $145.31M | $115.96M | $2.50M | $10.90M | $48.67M | $97.59M | $111.00M | $103.16M | - | $134.31M | - |
| Accounts Receivable | $76.16M | $82.15M | $80.64M | $79.94M | $77.43M | $85.51M | $89.71M | $61.48M | $50.07M | $51.11M | $49.56M | $49.92M | $60.53M |
| Inventory | $19.56M | $18.40M | $14.34M | $14.04M | $15.03M | $15.43M | $14.87M | $13.97M | $13.65M | $14.48M | $16.39M | $15.15M | $14.45M |
| Other Current Assets | $19.11M | $17.82M | $20.45M | $16.29M | $13.42M | $15.11M | $13.78M | $21.59M | $12.10M | $11.82M | $11.61M | $10.55M | $7.33M |
| Total Current Assets | $680.03M | $663.92M | $636.01M | $645.82M | $627.91M | $677.51M | $687.46M | $230.81M | $234.29M | $242.14M | $253.89M | $288.77M | $285.85M |
| Property Plant & Equipment | $149.32M | $139.70M | $130.85M | $125.09M | $122.39M | $117.57M | $112.27M | $104.11M | $96.67M | $89.84M | $82.21M | $75.67M | $71.52M |
| Goodwill | $862.00K | $862.00K | $862.00K | $862.00K | $862.00K | $862.00K | $862.00K | $862.00K | $862.00K | $862.00K | $862.00K | $862.00K | $862.00K |
| Long-term Investments | $68.09M | $64.90M | $62.74M | $61.90M | $59.06M | - | - | $3.00M | - | - | - | - | - |
| Other Non-current Assets | $45.25M | $41.54M | $41.10M | $41.85M | $45.54M | $68.05M | $52.73M | $48.04M | $47.05M | $38.72M | $25.44M | $22.25M | $20.15M |
| Total Assets | $995.21M | $964.03M | $926.10M | $931.45M | $909.69M | $919.18M | $909.75M | $433.14M | $439.77M | $429.49M | $421.70M | $448.22M | $440.39M |
| Accounts Payable | $8.28M | $12.78M | $11.95M | $7.22M | $7.59M | $13.43M | $8.44M | $5.54M | $7.21M | $7.15M | $9.78M | $7.52M | $7.40M |
| Short-term Debt | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Accrued Liabilities | $117.88M | $99.58M | $79.98M | $84.90M | $73.96M | $65.94M | $70.04M | $83.36M | $76.63M | $64.47M | $54.61M | $65.50M | $60.26M |
| Deferred Revenue | $4.22M | $3.50M | $3.28M | $2.93M | $3.03M | $3.15M | $3.07M | $3.31M | $3.38M | $3.69M | $3.49M | $3.05M | $3.00M |
| Total Current Liabilities | $146.91M | $132.21M | $111.34M | $110.92M | $100.10M | $97.89M | $96.84M | $107.37M | $102.29M | $89.41M | $81.90M | $89.10M | $83.59M |
| Long-term Debt | - | - | - | - | - | - | - | $34.95M | $34.95M | $34.94M | $34.94M | $34.94M | $34.93M |
| Other Non-current Liabilities | $9.93M | $9.78M | $8.73M | $8.58M | $17.98M | $940.00K | $908.00K | $1.01M | $1.01M | $1.01M | $1.01M | $1.31M | $1.16M |
| Total Liabilities | $873.32M | $860.37M | $839.43M | $840.54M | $837.92M | $820.00M | $819.47M | $223.05M | $219.97M | $205.61M | $199.87M | $208.41M | $201.17M |
| Common Stock | $32.00K | $32.00K | $32.00K | $31.00K | $31.00K | $31.00K | $31.00K | $31.00K | $31.00K | $30.00K | $30.00K | $28.00K | $28.00K |
| Retained Earnings | $-809.02M | $-803.81M | $-789.60M | $-758.89M | $-757.56M | $-711.38M | $-691.27M | $-645.61M | $-606.91M | $-579.79M | $-561.31M | $-522.20M | $-502.00M |
| Total Stockholders Equity | $121.89M | $103.66M | $86.67M | $90.91M | $71.77M | $99.19M | $90.29M | $210.10M | $219.79M | $223.88M | $221.83M | $239.81M | $239.22M |
| Total Liabilities & Equity | $995.21M | $964.03M | $926.10M | $931.45M | $909.69M | $919.18M | $909.75M | $433.14M | $439.77M | $429.49M | $421.70M | $448.22M | $440.39M |
| 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 | $-5.21M | $-44.92M | $-30.70M | $-1.33M | $-46.18M | $-20.11M | $-45.67M | $-38.70M | $-27.12M | $-57.59M | $-39.11M | $-20.20M | $-95.96M |
| Depreciation & Amortization | $15.49M | $10.31M | $5.21M | $5.29M | $15.43M | $10.29M | $5.13M | $4.91M | $11.43M | $7.37M | $3.58M | $3.48M | $3.40M |
| Stock-based Compensation | $67.18M | $46.17M | $23.34M | $16.01M | $59.97M | $42.81M | $20.99M | $23.85M | $53.36M | $32.35M | $18.25M | $15.79M | $41.95M |
| Change in Receivables | $76.38M | $56.92M | $30.12M | $23.24M | $68.68M | $59.52M | $44.52M | $29.39M | $51.80M | $38.68M | $21.06M | $3.96M | $57.88M |
| Change in Inventory | $6.45M | $4.60M | $388.00K | $-817.00K | $1.04M | $1.47M | $923.00K | $906.00K | $-1.89M | $-545.00K | $1.40M | $733.00K | $4.38M |
| Change in Payables | $29.69M | $14.68M | $-489.00K | $971.00K | $-8.38M | $-10.68M | $-12.88M | $-1.67M | $-305.00K | $-367.00K | $2.26M | $112.00K | $-3.10M |
| Operating Cash Flow | $54.65M | $19.77M | $-7.89M | $19.23M | $-15.84M | $-40.19M | $-52.03M | $-15.97M | $-34.13M | $-35.33M | $-30.75M | $12.58M | $-35.59M |
| Capital Expenditure | $34.62M | $19.79M | $9.42M | $6.84M | $27.10M | $18.26M | $9.78M | $13.52M | $26.91M | $17.82M | $8.42M | $7.09M | $22.74M |
| Purchases of Investments | $340.54M | $169.47M | $34.32M | $115.81M | $2.43M | $2.43M | $2.43M | $55.08M | $109.20M | $72.85M | - | $51.02M | - |
| Investing Cash Flow | $-228.26M | $-139.05M | $-38.14M | $-122.16M | $-824.00K | $54.51M | $40.00M | $1.40M | $-2.61M | $12.83M | $3.82M | $-8.11M | $-44.32M |
| Debt Repayment | - | - | - | - | - | - | - | - | - | - | - | - | $21.39M |
| Stock Repurchased | - | - | - | - | $25.00M | $25.00M | $25.00M | - | - | - | - | - | - |
| Financing Cash Flow | $9.65M | $8.82M | $1.73M | $2.99M | $508.39M | $508.43M | $504.64M | $3.47M | $5.35M | $5.29M | $905.00K | $3.15M | $23.57M |
| Net Change in Cash | $-163.99M | $-110.49M | $-44.32M | $-99.94M | $491.72M | $522.74M | $492.61M | $-11.30M | $-31.35M | $-17.25M | $-26.03M | $7.61M | $-56.34M |
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 | $192.88M | - | $538.25M | - |
| Cost of Revenue | $55.76M | - | $159.05M | - |
| Gross Profit | $137.12M | - | $379.19M | - |
| Operating Expenses | $145.55M | - | $438.89M | - |
| Selling General & Admin | $124.22M | - | $370.55M | - |
| Operating Income | $-8.43M | - | $-59.69M | - |
| Interest Expense | $3.28M | - | $9.92M | - |
| Interest Income | $5.94M | - | $16.18M | - |
| Other Income/Expense | $578.00K | - | $3.72M | - |
| Income Before Tax | $-5.19M | - | $-49.62M | - |
| Income Tax Expense | $24.00K | - | $506.00K | - |
| Net Income | $-5.21M | $-20.11M | $-50.13M | - |
| Basic EPS | -0.16 | - | -1.57 | - |
| Diluted EPS | -0.16 | - | -1.57 | - |
| Basic Shares Outstanding | $32.17M | - | $31.92M | - |
| Diluted Shares Outstanding | $32.17M | - | $31.92M | - |
Condensed Consolidated Balance Sheets
| Description | Sep 30, 2025 | Dec 31, 2024 |
|---|---|---|
| Cash & Cash Equivalents | $255.60M | $419.60M |
| Short-term Investments | $309.61M | $115.96M |
| Accounts Receivable | $76.16M | $79.94M |
| Inventory | $19.56M | $14.04M |
| Other Current Assets | $19.11M | $16.29M |
| Total Current Assets | $680.03M | $645.82M |
| Property Plant & Equipment | $149.32M | $125.09M |
| Goodwill | $862.00K | $862.00K |
| Long-term Investments | $68.09M | $61.90M |
| Other Non-current Assets | $45.25M | $41.85M |
| Total Assets | $995.21M | $931.45M |
| Accounts Payable | $8.28M | $7.22M |
| Accrued Liabilities | $117.88M | $84.90M |
| Deferred Revenue | $4.22M | $2.93M |
| Total Current Liabilities | $146.91M | $110.92M |
| Other Non-current Liabilities | $9.93M | $8.58M |
| Total Liabilities | $873.32M | $840.54M |
| Common Stock | $32.00K | $31.00K |
| Retained Earnings | $-809.02M | $-758.89M |
| Total Stockholders Equity | $121.89M | $90.91M |
| Total Liabilities & Equity | $995.21M | $931.45M |
Condensed Consolidated Statements of Cash Flows
| Description | Sep 30, 2025 | Sep 30, 2025 | ||
|---|---|---|---|---|
| Current | Prior Year | Current YTD | Prior Year YTD | |
| Net Income | $-5.21M | $-20.11M | $-50.13M | - |
| Depreciation & Amortization | - | - | $15.49M | - |
| Stock-based Compensation | - | - | $67.18M | - |
| Change in Receivables | - | - | $76.38M | - |
| Change in Inventory | - | - | $6.45M | - |
| Change in Payables | - | - | $29.69M | - |
| Operating Cash Flow | - | - | $54.65M | - |
| Capital Expenditure | - | - | $34.62M | - |
| Purchases of Investments | - | - | $340.54M | - |
| Investing Cash Flow | - | - | $-228.26M | - |
| Stock Repurchased | - | - | - | - |
| Financing Cash Flow | - | - | $9.65M | - |
| Net Change in Cash | - | - | $-163.99M | - |
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.