$54.03M
Revenue
$-412.78M
Net Income
88.26%
Gross Margin
-873.87%
Op. Margin
$-679.80M
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) |
|---|---|---|---|---|---|---|
| Total Revenue | $54.03M | $54.03M | $36.50M | $26.82M | $14.24M | - |
| Revenue Growth % | 0.0% | 48.0% | 36.1% | 88.4% | nan% | nan% |
| Cost of Revenue | $6.34M | $6.34M | $4.17M | $2.88M | $1.70M | - |
| Gross Profit | $47.68M | $47.68M | $32.33M | $23.94M | $12.54M | - |
| Gross Margin % | 88.3% | 88.3% | 88.6% | 89.3% | 88.0% | nan% |
| Operating Expenses | $526.16M | $526.16M | $462.24M | $418.31M | $403.29M | $378.42M |
| Research & Development | $339.54M | $339.54M | $301.29M | $295.53M | $279.91M | $256.97M |
| Selling General & Admin | $180.28M | $180.28M | $156.78M | $119.90M | $121.67M | $121.44M |
| Operating Income | $-472.13M | $-472.13M | $-425.74M | $-391.49M | $-389.05M | $-378.42M |
| Operating Margin % | -873.9% | -873.9% | -1166.5% | -1459.5% | -2732.1% | nan% |
| Interest Income | - | - | - | - | $12.79M | $836.00K |
| Other Income/Expense | $1.96M | $1.96M | $6.49M | $6.05M | $6.75M | $14.43M |
| Income Before Tax | - | $-413.80M | $717.97M | $-352.09M | $-231.80M | $-356.51M |
| Income Tax Expense | - | $-1.02M | $44.24M | - | - | - |
| Net Income | $-412.78M | $-412.78M | $673.73M | $-352.09M | $-231.80M | $1.60B |
| Net Margin % | -764.0% | -764.0% | 1845.9% | -1312.6% | -1627.8% | nan% |
| Basic EPS | -7.11 | -7.12 | 11.86 | -6.33 | -4.23 | 26.55 |
| Diluted EPS | -7.11 | -7.12 | 11.64 | -6.33 | -4.23 | 26.55 |
| Basic Shares Outstanding | - | 58.0M | 56.8M | 55.7M | 54.8M | 60.4M |
| Diluted Shares Outstanding | - | 58.0M | 57.9M | 55.7M | 54.8M | 60.4M |
| 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) |
|---|---|---|---|---|---|
| Cash & Cash Equivalents | $89.13M | $76.25M | $88.20M | $139.26M | $203.13M |
| Inventory | $32.92M | $27.62M | $19.08M | $8.49M | - |
| Other Current Assets | $44.13M | $40.16M | $35.02M | $38.95M | $39.84M |
| Total Current Assets | $942.05M | $965.60M | $833.84M | $832.77M | $1.06B |
| Property Plant & Equipment | $10.78M | $11.68M | $15.38M | $22.99M | $28.92M |
| Other Non-current Assets | $3.93M | $4.72M | $4.06M | $3.96M | $2.90M |
| Total Assets | $1.30B | $1.66B | $937.12M | $1.24B | $1.44B |
| Accounts Payable | $18.36M | $16.64M | $9.78M | $18.62M | $16.70M |
| Accrued Liabilities | $45.46M | $46.86M | $43.17M | $30.35M | $31.97M |
| Total Current Liabilities | $82.21M | $81.16M | $67.95M | $62.63M | $59.83M |
| Other Non-current Liabilities | $90.00K | $880.00K | $1.16M | $3.28M | - |
| Total Liabilities | $104.11M | $122.24M | $126.10M | $137.90M | $145.76M |
| Common Stock | - | - | - | - | $71.00K |
| Retained Earnings | $-561.71M | $-148.92M | $-822.65M | $-470.56M | $-238.76M |
| Treasury Stock | $802.49M | $802.49M | $802.49M | $802.49M | $802.49M |
| Total Stockholders Equity | $1.19B | $1.54B | $811.02M | $1.10B | $1.29B |
| Total Liabilities & Equity | $1.30B | $1.66B | $937.12M | $1.24B | $1.44B |
| 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) |
|---|---|---|---|---|---|---|
| Net Income | $-502.07M | $-412.78M | $673.73M | $-352.09M | $-231.80M | $1.60B |
| Stock-based Compensation | $89.96M | $52.55M | $42.85M | $44.77M | $49.30M | $53.51M |
| Change in Receivables | $6.58M | $6.47M | $1.30M | $604.00K | $2.21M | - |
| Change in Inventory | $10.53M | $5.30M | $8.54M | $10.58M | $8.49M | - |
| Change in Payables | $9.00K | $1.75M | $6.60M | $-8.73M | $3.44M | $1.86M |
| Operating Cash Flow | $-673.08M | $-372.98M | $-389.84M | $-296.06M | $-309.48M | $-407.32M |
| Capital Expenditure | $6.72M | $4.32M | $1.69M | $999.00K | $4.88M | $5.74M |
| Investing Cash Flow | $681.32M | $377.18M | $363.44M | $239.57M | $243.26M | $1.25B |
| Stock Issued | - | - | - | - | - | - |
| Stock Repurchased | - | - | - | - | - | $802.49M |
| Financing Cash Flow | $11.98M | $8.68M | $14.44M | $5.43M | $2.35M | $-765.77M |
| Net Change in Cash | $20.22M | $12.88M | $-11.96M | $-51.05M | $-63.87M | $75.69M |
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 | $12.88M | - | $34.06M | - |
| Cost of Revenue | $1.68M | - | $4.47M | - |
| Operating Expenses | $129.75M | - | $384.62M | - |
| Research & Development | $86.80M | - | $251.48M | - |
| Selling General & Admin | $41.27M | - | $128.67M | - |
| Operating Income | $-116.87M | - | $-350.55M | - |
| Other Income/Expense | $67.00K | - | $1.84M | - |
| Income Before Tax | $-103.43M | - | $-304.74M | - |
| Income Tax Expense | - | - | - | - |
| Net Income | $-103.43M | $-96.12M | $-304.74M | - |
| Basic EPS | -1.78 | - | -5.27 | - |
| Diluted EPS | -1.78 | - | -5.27 | - |
| Basic Shares Outstanding | $58.14M | - | $57.85M | - |
| Diluted Shares Outstanding | $58.14M | - | $57.85M | - |
Condensed Consolidated Balance Sheets
| Description | Sep 30, 2025 | Dec 31, 2024 |
|---|---|---|
| Cash & Cash Equivalents | $92.71M | $76.25M |
| Inventory | $32.03M | $27.62M |
| Other Current Assets | $43.19M | $40.16M |
| Total Current Assets | $1.03B | $965.60M |
| Property Plant & Equipment | $10.68M | $11.68M |
| Other Non-current Assets | $3.93M | $4.72M |
| Total Assets | $1.39B | $1.66B |
| Accounts Payable | $19.55M | $16.64M |
| Accrued Liabilities | $37.22M | $46.86M |
| Total Current Liabilities | $74.76M | $81.16M |
| Other Non-current Liabilities | $90.00K | $880.00K |
| Total Liabilities | $101.38M | $122.24M |
| Retained Earnings | $-453.67M | $-148.92M |
| Treasury Stock | $802.49M | $802.49M |
| Total Stockholders Equity | $1.28B | $1.54B |
| Total Liabilities & Equity | $1.39B | $1.66B |
Condensed Consolidated Statements of Cash Flows
| Description | Sep 30, 2025 | Sep 30, 2025 | ||
|---|---|---|---|---|
| Current | Prior Year | Current YTD | Prior Year YTD | |
| Net Income | $-103.43M | $-96.12M | $-304.74M | - |
| Stock-based Compensation | - | - | $38.43M | - |
| Change in Receivables | - | - | $920.00K | - |
| Change in Inventory | - | - | $4.42M | - |
| Change in Payables | - | - | $2.89M | - |
| Operating Cash Flow | - | - | $-276.76M | - |
| Capital Expenditure | - | - | $3.20M | - |
| Investing Cash Flow | - | - | $287.11M | - |
| Financing Cash Flow | - | - | $6.12M | - |
| Net Change in Cash | - | - | $16.46M | - |
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.