$54.03M
Revenue
$-412.78M
Net Income
88.26%
Gross Margin
-873.87%
Op. Margin
$-679.80M
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) |
|---|---|---|---|---|---|---|---|
| Total Revenue | $19.97M | $12.88M | $12.46M | $8.73M | $10.73M | $8.96M | $8.62M |
| Revenue Growth % (YoY) | 86.1% | 43.7% | 44.6% | nan% | nan% | nan% | nan% |
| Cost of Revenue | $1.88M | $1.68M | $1.70M | $1.08M | $1.26M | $783.00K | $1.50M |
| Gross Profit | $18.09M | $11.20M | $10.75M | $7.64M | $9.47M | $8.18M | $7.12M |
| Gross Margin % | 90.6% | 87.0% | 86.3% | 87.6% | 88.3% | 91.3% | 82.6% |
| Operating Expenses | $141.54M | $129.75M | $139.51M | $115.36M | $135.77M | $111.78M | $114.43M |
| Research & Development | $88.06M | $86.80M | $91.94M | $72.74M | $82.81M | $72.45M | $77.40M |
| Selling General & Admin | $51.61M | $41.27M | $45.87M | $41.53M | $51.70M | $38.54M | $35.54M |
| Operating Income | $-121.58M | $-116.87M | $-127.06M | $-106.63M | $-125.04M | $-102.81M | $-105.82M |
| Operating Margin % | -608.9% | -907.4% | -1020.1% | -1222.0% | -1165.3% | -1146.9% | -1228.3% |
| Other Income/Expense | $113.00K | $67.00K | $523.00K | $1.25M | $1.62M | $1.65M | $1.58M |
| Income Before Tax | $-109.06M | $-103.43M | - | - | $-105.40M | $1.00B | - |
| Income Tax Expense | $-1.02M | - | - | - | $-8.88M | $53.12M | - |
| Net Income | $-108.04M | $-103.43M | $-112.02M | $-89.29M | $-96.52M | $947.91M | $-96.12M |
| Net Margin % | -541.1% | -803.1% | -899.4% | -1023.3% | -899.6% | 10574.7% | -1115.7% |
| Basic EPS | -1.85 | -1.78 | -1.93 | -1.55 | -1.72 | 16.65 | -1.69 |
| Diluted EPS | -1.85 | -1.78 | -1.93 | -1.55 | -1.74 | 16.22 | -1.69 |
| Basic Shares Outstanding | - | 58.1M | 57.9M | 57.5M | 98K | 56.9M | 56.8M |
| Diluted Shares Outstanding | - | 58.1M | 57.9M | 57.5M | 308K | 58.4M | 56.8M |
| 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) |
|---|---|---|---|---|---|---|---|
| Cash & Cash Equivalents | $89.13M | $92.71M | $80.87M | $78.96M | $76.25M | $253.73M | $84.52M |
| Inventory | $32.92M | $32.03M | $30.85M | $29.61M | $27.62M | $26.43M | $23.94M |
| Other Current Assets | $44.13M | $43.19M | $44.69M | $42.29M | $40.16M | $39.88M | $34.54M |
| Total Current Assets | $942.05M | $1.03B | $1.02B | $968.62M | $965.60M | $1.07B | $632.13M |
| Property Plant & Equipment | $10.78M | $10.68M | $10.58M | $11.07M | $11.68M | $11.82M | $12.73M |
| Other Non-current Assets | $3.93M | $3.93M | $3.94M | $4.72M | $4.72M | $4.06M | $4.06M |
| Total Assets | $1.30B | $1.39B | $1.47B | $1.56B | $1.66B | $1.79B | $773.06M |
| Accounts Payable | $18.36M | $19.55M | $17.53M | $13.73M | $16.64M | $17.14M | $10.04M |
| Accrued Liabilities | $45.46M | $37.22M | $35.29M | $20.76M | $46.86M | $33.31M | $36.74M |
| Total Current Liabilities | $82.21M | $74.76M | $70.41M | $52.37M | $81.16M | $119.45M | $62.64M |
| Other Non-current Liabilities | $90.00K | $90.00K | $101.00K | $880.00K | $880.00K | $1.16M | $1.16M |
| Total Liabilities | $104.11M | $101.38M | $101.68M | $88.99M | $122.24M | $165.12M | $112.55M |
| Retained Earnings | $-561.71M | $-453.67M | $-350.23M | $-238.21M | $-148.92M | $-52.40M | $-1.00B |
| Treasury Stock | $802.49M | $802.49M | $802.49M | $802.49M | $802.49M | $802.49M | $802.49M |
| Total Stockholders Equity | $1.19B | $1.28B | $1.37B | $1.47B | $1.54B | $1.63B | $660.51M |
| Total Liabilities & Equity | $1.30B | $1.39B | $1.47B | $1.56B | $1.66B | $1.79B | $773.06M |
| 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) |
|---|---|---|---|---|---|---|---|
| Net Income | $-108.04M | $-103.43M | $-201.31M | $-89.29M | $-96.52M | $947.91M | $-96.12M |
| Stock-based Compensation | $14.12M | $38.43M | $26.05M | $11.36M | $10.90M | $31.94M | $20.80M |
| Change in Receivables | $5.55M | $920.00K | $877.00K | $-765.00K | $991.00K | $308.00K | $952.00K |
| Change in Inventory | $886.00K | $4.42M | $3.23M | $1.99M | $1.19M | $7.35M | $4.86M |
| Change in Payables | $-1.15M | $2.89M | $1.08M | $-2.82M | $-756.00K | $7.36M | $268.00K |
| Operating Cash Flow | $-96.21M | $-276.76M | $-188.61M | $-111.49M | $-133.17M | $-256.67M | $-172.46M |
| Capital Expenditure | $1.12M | $3.20M | $1.64M | $766.00K | $967.00K | $718.00K | $299.00K |
| Investing Cash Flow | $90.08M | $287.11M | $191.55M | $112.59M | $-49.16M | $412.60M | $161.81M |
| Financing Cash Flow | $2.56M | $6.12M | $1.68M | $1.62M | $4.84M | $9.60M | $6.96M |
| Net Change in Cash | $-3.58M | $16.46M | $4.62M | $2.72M | $-177.48M | $165.53M | $-3.69M |
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-Q filings.
Quarterly data represents single quarter results (Q1-Q4). Some items may show year-to-date values if quarterly breakdown is unavailable.