$3.13B
Revenue
$45.91M
Net Income
83.76%
Gross Margin
0.24%
Op. Margin
$1.15B
Free Cash Flow
| Breakdown | TTM (Dec 31, 2025) |
FY 2025 (Dec 31, 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 | $3.13B | $3.13B | $2.63B | $2.17B | $1.73B | $1.30B | $883.03M | $674.86M | $512.98M | $375.61M | $270.97M |
| Revenue Growth % | 0.0% | 19.2% | 21.1% | 25.4% | 33.1% | 47.3% | 30.8% | 31.6% | 36.6% | 38.6% | nan% |
| Cost of Revenue | $508.49M | $508.49M | $393.26M | $345.49M | $314.26M | $258.86M | $166.96M | $129.96M | $100.36M | $75.73M | $61.87M |
| Gross Profit | $2.62B | $2.62B | $2.23B | $1.82B | $1.42B | $1.04B | $716.07M | $544.90M | $412.62M | $299.88M | $209.10M |
| Gross Margin % | 83.8% | 83.8% | 85.0% | 84.1% | 81.8% | 80.1% | 81.1% | 80.7% | 80.4% | 79.8% | 77.2% |
| Operating Expenses | $2.62B | $2.62B | $2.30B | $2.03B | $1.53B | $1.10B | $766.89M | $591.89M | $460.88M | $340.02M | $253.76M |
| Research & Development | $905.95M | $905.94M | $778.71M | $617.75M | $442.02M | $301.97M | $205.59M | $158.24M | $117.60M | $70.37M | $46.00M |
| Operating Income | $7.38M | $7.38M | $-67.60M | $-208.06M | $-109.10M | $-54.80M | $-50.83M | $-46.99M | $-48.26M | $-40.14M | $-44.66M |
| Operating Margin % | 0.2% | 0.2% | -2.6% | -9.6% | -6.3% | -4.2% | -5.8% | -7.0% | -9.4% | -10.7% | -16.5% |
| Interest Expense | $1.49M | $422.00K | $1.72M | $3.80M | $3.76M | $30.28M | $37.05M | $22.82M | $21.39M | $13.18M | $265.00K |
| Interest Income | $66.22M | $66.22M | $82.71M | $58.83M | $15.00M | $1.17M | $7.77M | $19.43M | $9.18M | $3.84M | $854.00K |
| Other Income/Expense | $-3.26M | $-3.26M | $17.29M | $-4.67M | $-6.83M | $10.09M | $-711.00K | $-393.00K | $-1.49M | $-559.00K | $-956.00K |
| Income Before Tax | $69.47M | $69.46M | $28.68M | $-157.70M | $-104.69M | $-73.82M | $-80.81M | $-50.77M | $-61.96M | $-50.04M | $-45.03M |
| Income Tax Expense | $23.55M | $23.55M | $24.05M | $18.59M | $8.06M | $4.02M | $4.22M | $2.97M | $1.87M | $-10.32M | $533.00K |
| Net Income | $45.91M | $45.91M | $4.63M | $-176.29M | $-112.75M | $-77.84M | $-85.03M | $-53.75M | $-63.83M | $-39.71M | $-45.56M |
| Net Margin % | 1.5% | 1.5% | 0.2% | -8.1% | -6.5% | -6.0% | -9.6% | -8.0% | -12.4% | -10.6% | -16.8% |
| Basic EPS | 0.87 | 0.88 | 0.09 | -3.53 | -2.35 | -1.66 | -1.90 | nan | nan | nan | nan |
| Diluted EPS | 0.85 | 0.86 | 0.09 | -3.53 | -2.35 | -1.66 | -1.90 | nan | nan | nan | nan |
| Basic Shares Outstanding | - | 52.5M | 51.2M | 49.9M | 48.1M | 46.9M | 44.8M | - | - | - | - |
| Diluted Shares Outstanding | - | 53.2M | 51.8M | 49.9M | 48.1M | 46.9M | 44.8M | - | - | - | - |
| Breakdown | FY 2025 (Dec 31, 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) |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Cash Equivalents | $882.24M | $512.67M | $387.99M | $331.02M | $377.01M | $378.12M | $269.67M | $111.49M | $87.68M | $59.70M |
| Accounts Receivable | $419.15M | $334.83M | $295.30M | $226.85M | $157.36M | $126.43M | $92.52M | $77.10M | $60.68M | $38.98M |
| Other Current Assets | $100.61M | $80.59M | $88.68M | $44.07M | $38.39M | $34.72M | $17.81M | $14.23M | $14.42M | $8.43M |
| Total Current Assets | $2.45B | $2.63B | $1.87B | $1.75B | $1.45B | $1.46B | $1.11B | $712.42M | $602.50M | $176.25M |
| Property Plant & Equipment | $141.87M | $114.17M | $103.33M | $105.23M | $96.13M | $101.12M | $83.65M | $52.47M | $43.29M | $30.20M |
| Goodwill | $291.45M | $209.51M | $173.76M | $46.23M | $47.08M | $31.32M | $30.25M | $14.95M | $14.95M | $9.77M |
| Intangible Assets | $35.23M | $37.56M | $42.32M | $17.45M | $10.56M | $10.28M | $11.75M | $4.92M | $6.31M | $16.00K |
| Other Non-current Assets | $165.60M | $115.25M | $75.25M | $58.80M | $29.24M | $13.89M | $9.82M | $6.89M | $4.62M | $950.00K |
| Total Assets | $3.85B | $3.80B | $3.07B | $2.54B | $2.17B | $1.97B | $1.57B | $833.95M | $712.17M | $259.75M |
| Accounts Payable | $24.76M | $3.65M | $9.11M | $20.88M | $2.77M | $13.54M | $12.84M | $7.81M | $4.66M | $4.35M |
| Deferred Revenue | $1.00B | $784.25M | $672.15M | $539.87M | $430.41M | $312.87M | $231.03M | $183.31M | $136.88M | $95.43M |
| Total Current Liabilities | $1.47B | $1.57B | $956.25M | $761.65M | $617.47M | $445.50M | $322.49M | $237.01M | $178.30M | $127.38M |
| Other Non-current Liabilities | $89.34M | $55.64M | $36.46M | $14.55M | $12.13M | $10.81M | $8.98M | $4.90M | $3.93M | $1.56M |
| Total Liabilities | $1.79B | $1.89B | $1.75B | $1.55B | $1.30B | $1.21B | $919.31M | $589.31M | $501.81M | $141.06M |
| Common Stock | $53.00K | $52.00K | $50.00K | $49.00K | $47.00K | $46.00K | $44.00K | $40.00K | $38.00K | $36.00K |
| Retained Earnings | $-753.90M | $-799.81M | $-818.68M | $-642.38M | $-561.00M | $-483.16M | $-398.13M | $-344.38M | $-286.08M | $-245.92M |
| Treasury Stock | $2.00K | - | - | - | - | - | - | - | - | - |
| Total Stockholders Equity | $2.07B | $1.91B | $1.32B | $992.22M | $873.80M | $762.65M | $649.96M | $244.64M | $210.36M | $118.70M |
| Total Liabilities & Equity | $3.85B | $3.80B | $3.07B | $2.54B | $2.17B | $1.97B | $1.57B | $833.95M | $712.17M | $259.75M |
| Breakdown | TTM (Dec 31, 2025) |
FY 2025 (Dec 31, 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 | $24.12M | $45.91M | $4.63M | $-176.29M | $-112.75M | $-77.84M | $-85.03M | $-53.75M | $-63.83M | $-39.71M | $-45.56M |
| Depreciation & Amortization | $227.15M | $136.29M | $96.83M | $72.67M | $58.15M | $45.16M | $37.06M | $28.79M | $23.43M | $15.79M | $11.18M |
| Stock-based Compensation | $902.51M | $528.15M | $504.77M | $432.27M | $275.85M | $166.76M | $121.49M | $97.75M | $76.26M | $47.32M | $32.67M |
| Deferred Income Tax | $-551.00K | $-2.00K | $2.69M | $5.21M | $-2.12M | $-2.87M | $-2.19M | $-799.00K | $36.00K | $-11.55M | - |
| Change in Receivables | $-11.68M | $64.00M | $48.43M | $57.62M | $73.98M | $34.11M | $29.97M | $15.43M | $17.73M | $20.18M | $14.10M |
| Change in Payables | $46.15M | $19.00M | $-4.58M | $-14.03M | $18.28M | $-10.61M | $3.70M | $3.93M | $3.30M | $1.10M | $983.00K |
| Operating Cash Flow | $1.25B | $760.72M | $598.60M | $350.97M | $273.17M | $238.73M | $88.91M | $118.97M | $84.85M | $49.61M | $19.37M |
| Capital Expenditure | $95.88M | $53.16M | $37.94M | $33.72M | $37.43M | $28.73M | $37.27M | $40.37M | $22.30M | $20.28M | $15.79M |
| Acquisitions | $208.80M | $87.61M | $40.44M | $142.13M | - | $16.81M | - | $23.31M | - | $9.41M | - |
| Sales of Investments | $4.35B | $2.24B | $1.66B | $1.50B | $1.18B | $1.39B | $1.35B | $1.07B | $644.38M | - | - |
| Investing Cash Flow | $805.50M | $491.77M | $-515.86M | $-334.77M | $-319.66M | $-179.51M | $-215.57M | $-316.19M | $-71.23M | $-396.61M | $-22.83M |
| Debt Repayment | - | $459.81M | $57.00K | $13.00K | $1.62M | $89.53M | $235.99M | $333.00K | - | - | - |
| Stock Issued | - | - | - | - | - | - | - | $342.63M | - | - | - |
| Stock Repurchased | - | $500.02M | - | - | - | - | - | - | - | - | - |
| Financing Cash Flow | $-1.55B | $-910.01M | $53.49M | $37.01M | $7.43M | $-51.47M | $222.46M | $359.34M | $12.78M | $376.81M | $8.47M |
| Net Change in Cash | $567.77M | $368.23M | $124.68M | $57.87M | $-45.87M | $-1.11M | $102.64M | $161.40M | $24.33M | $32.60M | $4.25M |
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 | $809.52M | - | $2.28B | - |
| Cost of Revenue | $133.52M | - | $370.79M | - |
| Gross Profit | $676.00M | - | $1.91B | - |
| Operating Expenses | $664.77M | - | $1.95B | - |
| Research & Development | $227.71M | - | $685.15M | - |
| Operating Income | $11.23M | - | $-40.86M | - |
| Interest Expense | $4.00K | - | $422.00K | - |
| Interest Income | $14.25M | - | $53.11M | - |
| Other Income/Expense | $-2.35M | - | $-3.56M | - |
| Income Before Tax | $23.14M | - | $7.81M | - |
| Income Tax Expense | $6.60M | - | $16.32M | - |
| Net Income | $16.54M | $-14.44M | $-8.52M | - |
| Basic EPS | 0.31 | - | -0.16 | - |
| Diluted EPS | 0.31 | - | -0.16 | - |
| Basic Shares Outstanding | $52.51M | - | $52.45M | - |
| Diluted Shares Outstanding | $52.67M | - | $52.45M | - |
Condensed Consolidated Balance Sheets
| Description | Sep 30, 2025 | Dec 31, 2024 |
|---|---|---|
| Cash & Cash Equivalents | $614.35M | $512.67M |
| Accounts Receivable | $314.51M | $334.83M |
| Other Current Assets | $110.08M | $80.59M |
| Total Current Assets | $2.11B | $2.63B |
| Property Plant & Equipment | $137.39M | $114.17M |
| Goodwill | $274.79M | $209.51M |
| Intangible Assets | $36.92M | $37.56M |
| Other Non-current Assets | $156.53M | $115.25M |
| Total Assets | $3.50B | $3.80B |
| Accounts Payable | $24.87M | $3.65M |
| Deferred Revenue | $882.10M | $784.25M |
| Total Current Liabilities | $1.32B | $1.57B |
| Other Non-current Liabilities | $90.63M | $55.64M |
| Total Liabilities | $1.65B | $1.89B |
| Common Stock | $52.00K | $52.00K |
| Retained Earnings | $-808.32M | $-799.81M |
| Treasury Stock | $2.00K | - |
| Total Stockholders Equity | $1.86B | $1.91B |
| Total Liabilities & Equity | $3.50B | $3.80B |
Condensed Consolidated Statements of Cash Flows
| Description | Sep 30, 2025 | Sep 30, 2025 | ||
|---|---|---|---|---|
| Current | Prior Year | Current YTD | Prior Year YTD | |
| Net Income | $16.54M | $-14.44M | $-8.52M | - |
| Depreciation & Amortization | - | - | $97.73M | - |
| Stock-based Compensation | - | - | $395.75M | - |
| Deferred Income Tax | - | - | $-270.00K | - |
| Change in Receivables | - | - | $-35.81M | - |
| Change in Payables | - | - | $20.13M | - |
| Operating Cash Flow | - | - | $513.29M | - |
| Capital Expenditure | - | - | $39.72M | - |
| Acquisitions | - | - | $71.47M | - |
| Sales of Investments | - | - | $1.89B | - |
| Investing Cash Flow | - | - | $461.37M | - |
| Stock Repurchased | - | - | $485.27M | - |
| Financing Cash Flow | - | - | $-900.54M | - |
| Net Change in Cash | - | - | $100.33M | - |
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.