$702.57M
Revenue
$-51.46M
Net Income
70.35%
Gross Margin
-9.08%
Op. Margin
$15.09M
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) |
|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | $702.57M | $591.84M | $492.68M | $410.92M | $322.82M | $265.17M | $214.55M | $147.28M | $99.13M | $64.07M |
| Revenue Growth % | 18.7% | 20.1% | 19.9% | 27.3% | 21.7% | 23.6% | 45.7% | 48.6% | 54.7% | nan% |
| Cost of Revenue | $208.31M | $184.31M | $160.88M | $129.29M | $109.26M | $70.28M | $52.48M | $38.80M | $28.20M | $20.88M |
| Gross Profit | $494.26M | $407.53M | $331.81M | $281.63M | $213.57M | $194.89M | $162.07M | $108.48M | $70.93M | $43.19M |
| Gross Margin % | 70.4% | 68.9% | 67.3% | 68.5% | 66.2% | 73.5% | 75.5% | 73.7% | 71.5% | 67.4% |
| Operating Expenses | $558.04M | $523.04M | $456.97M | $395.42M | $313.51M | $238.56M | $216.82M | $154.17M | $98.52M | $58.77M |
| Research & Development | - | - | $60.24M | $46.61M | $38.67M | $41.33M | $37.30M | $20.86M | $13.27M | $7.15M |
| Selling General & Admin | $470.32M | $418.56M | $385.64M | $322.20M | $274.84M | $197.23M | $179.52M | $133.31M | $85.25M | $51.62M |
| Operating Income | $-63.78M | $-115.50M | $-125.16M | $-113.78M | $-99.94M | $-43.67M | $-54.76M | $-45.69M | $-27.59M | $-15.58M |
| Operating Margin % | -9.1% | -19.5% | -25.4% | -27.7% | -31.0% | -16.5% | -25.5% | -31.0% | -27.8% | -24.3% |
| Interest Expense | $19.84M | $6.39M | $3.65M | $4.14M | $1.17M | $1.52M | $1.64M | $3.12M | $3.39M | $3.25M |
| Interest Income | $21.92M | $21.94M | $6.35M | $2.35M | - | - | - | - | - | - |
| Other Income/Expense | $4.20M | $1.25M | $6.16M | $2.04M | $118.00K | $1.59M | $1.90M | $1.50M | $1.24M | $-2.07M |
| Income Before Tax | $-50.81M | $-112.72M | $-122.66M | $-115.89M | $-100.99M | $-43.60M | $-54.50M | $-50.33M | $-29.74M | $-20.90M |
| Income Tax Expense | $657.00K | $565.00K | $750.00K | $269.00K | $367.00K | $229.00K | $65.00K | $44.00K | - | - |
| Net Income | $-51.46M | $-113.29M | $-123.41M | $-116.16M | $-101.36M | $-43.83M | $-54.57M | $-50.38M | $-29.74M | $-20.90M |
| Net Margin % | -7.3% | -19.1% | -25.0% | -28.3% | -31.4% | -16.5% | -25.4% | -34.2% | -30.0% | -32.6% |
| Basic EPS | -1.61 | -3.63 | -4.04 | -3.88 | -3.46 | -1.58 | -2.16 | nan | nan | nan |
| Diluted EPS | -1.61 | -3.63 | -4.04 | -3.88 | -3.46 | -1.58 | -2.16 | nan | nan | nan |
| Basic Shares Outstanding | 32.2M | 31.2M | 30.5M | 29.9M | 29.3M | 27.8M | 25.3M | - | - | - |
| Diluted Shares Outstanding | 32.2M | 31.2M | 30.5M | 29.9M | 29.3M | 27.8M | 25.3M | - | - | - |
| 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) |
|---|---|---|---|---|---|---|---|---|---|
| Cash & Cash Equivalents | $419.60M | $36.17M | $78.83M | $127.56M | $88.63M | $20.46M | $20.02M | $8.67M | $51.64M |
| Short-term Investments | $115.96M | $97.59M | $134.31M | $111.57M | - | - | - | $93.69M | $54.41M |
| Accounts Receivable | $79.94M | $61.48M | $49.92M | $46.43M | $29.93M | $23.87M | $19.79M | $12.95M | $9.41M |
| Inventory | $14.04M | $13.97M | $15.15M | $10.27M | $5.31M | $4.04M | $2.06M | $1.68M | $1.39M |
| Other Current Assets | $16.29M | $21.59M | $10.55M | $9.69M | $7.36M | $4.34M | $4.10M | $2.58M | $1.67M |
| Total Current Assets | $645.82M | $230.81M | $288.77M | $305.52M | $377.82M | $172.79M | $104.30M | $119.58M | $118.61M |
| Property Plant & Equipment | $125.09M | $104.11M | $75.67M | $55.94M | $34.25M | $26.46M | $9.16M | $6.22M | $4.65M |
| Goodwill | $862.00K | $862.00K | $862.00K | $862.00K | $862.00K | $862.00K | $862.00K | $862.00K | $862.00K |
| Long-term Investments | $61.90M | $3.00M | - | - | - | $8.03M | - | - | - |
| Other Non-current Assets | $41.85M | $48.04M | $22.25M | $16.05M | $14.09M | $7.94M | $3.21M | $3.46M | $3.05M |
| Total Assets | $931.45M | $433.14M | $448.22M | $462.97M | $511.74M | $306.21M | $117.52M | $133.12M | $138.16M |
| Accounts Payable | $7.22M | $5.54M | $7.52M | $10.51M | $4.37M | $8.24M | $2.28M | $2.40M | $2.10M |
| Short-term Debt | - | - | - | $11.67M | $11.67M | $1.94M | - | - | - |
| Accrued Liabilities | $84.90M | $83.36M | $65.50M | $51.49M | $40.53M | $32.59M | $26.69M | $15.64M | $10.16M |
| Deferred Revenue | $2.93M | $3.31M | $3.05M | $3.05M | $930.00K | $1.25M | $1.22M | $1.24M | $947.00K |
| Total Current Liabilities | $110.92M | $107.37M | $89.10M | $87.85M | $65.67M | $52.07M | $30.33M | $20.92M | $13.21M |
| Long-term Debt | - | $34.95M | $34.94M | $9.69M | $21.34M | $32.99M | $34.90M | $32.49M | $32.23M |
| Other Non-current Liabilities | $8.58M | $1.01M | $1.31M | $697.00K | $1.83M | - | - | - | - |
| Total Liabilities | $840.54M | $223.05M | $208.41M | $183.45M | $170.13M | $170.80M | $65.39M | $53.57M | $45.59M |
| Common Stock | $31.00K | $31.00K | $28.00K | $27.00K | $27.00K | $25.00K | $23.00K | $23.00K | $22.00K |
| Retained Earnings | $-758.89M | $-645.61M | $-522.20M | $-406.05M | $-304.68M | $-260.39M | $-205.82M | $-156.59M | $-127.17M |
| Total Stockholders Equity | $90.91M | $210.10M | $239.81M | $279.51M | $341.61M | $135.41M | $52.14M | $79.34M | $93.04M |
| Total Liabilities & Equity | $931.45M | $433.14M | $448.22M | $462.97M | $511.74M | $306.21M | $117.52M | $133.12M | $138.16M |
| 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) |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $-82.16M | $-113.29M | $-123.41M | $-116.16M | $-101.36M | $-43.83M | $-54.57M | $-50.38M | $-29.74M | $-20.90M |
| Depreciation & Amortization | $36.30M | $20.71M | $16.35M | $13.40M | $9.84M | $6.90M | $3.44M | $2.27M | $1.60M | $568.00K |
| Stock-based Compensation | $152.70M | $75.98M | $77.20M | $57.74M | $54.53M | $41.52M | $26.24M | $16.33M | $9.75M | $1.87M |
| Change in Receivables | $186.66M | $91.92M | $81.19M | $61.84M | $53.57M | $37.96M | $28.73M | $21.75M | $12.47M | $8.52M |
| Change in Inventory | $10.62M | $224.00K | $-979.00K | $5.11M | $4.96M | $1.39M | $1.97M | $380.00K | $293.00K | $245.00K |
| Change in Payables | $44.85M | $-7.41M | $-1.97M | $-2.99M | $6.13M | $-3.88M | $5.60M | $-192.00K | $634.00K | $305.00K |
| Operating Cash Flow | $85.76M | $3.39M | $-50.10M | $-23.01M | $-37.75M | $-13.76M | $-21.86M | $-29.09M | $-14.91M | $-16.65M |
| Capital Expenditure | $70.67M | $33.94M | $40.42M | $29.83M | $28.07M | $13.55M | $20.46M | $5.18M | $3.56M | $2.76M |
| Purchases of Investments | $660.14M | $118.24M | $164.28M | $188.57M | $122.18M | - | - | - | - | - |
| Sales of Investments | - | - | - | - | $255.51M | $144.15M | $95.60M | $126.49M | $98.71M | - |
| Investing Cash Flow | $-527.61M | $-122.98M | $-1.21M | $-52.43M | $105.26M | $-132.39M | $-89.27M | $34.14M | $-34.68M | $-68.17M |
| Debt Repayment | - | - | - | $21.39M | $11.67M | $1.94M | - | $31.50M | - | - |
| Stock Repurchased | - | $25.00M | - | - | - | - | - | - | - | - |
| Financing Cash Flow | $23.19M | $511.38M | $8.82M | $26.72M | $-28.58M | $214.32M | $111.58M | $6.30M | $6.53M | $111.25M |
| Net Change in Cash | $-418.74M | $391.78M | $-42.66M | $-48.73M | $38.93M | $68.17M | $439.00K | $11.35M | $-43.06M | $26.43M |
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-K filings.
Annual data represents full fiscal year results. FY = Fiscal Year ending.