$1.62B
Revenue
$-172.25M
Net Income
-
Gross Margin
-12.08%
Op. Margin
$-82.20M
Free Cash Flow
| 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 2018 (Dec 31, 2018) |
FY 2017 (Dec 31, 2017) |
FY 2016 (Dec 31, 2016) |
FY 2015 (Dec 31, 2015) |
FY 2013 (Dec 31, 2013) |
|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | $1.62B | $1.37B | $1.01B | $638.35M | $217.75M | - | $41.00K | $208.00K | $964.14K | - |
| Revenue Growth % | 18.6% | 35.6% | 58.0% | 193.2% | nan% | nan% | -80.3% | -78.4% | nan% | nan% |
| Cost of Revenue | - | - | - | - | - | - | $8.00K | $113.00K | $792.03K | - |
| Gross Profit | - | - | - | - | - | - | $33.00K | $95.00K | $172.11K | - |
| Gross Margin % | nan% | nan% | nan% | nan% | nan% | nan% | 80.5% | 45.7% | 17.9% | nan% |
| Operating Expenses | $1.82B | $1.66B | $1.42B | $997.77M | $697.64M | $14.96M | $1.18M | $1.72M | $3.22M | $428.74K |
| Research & Development | $80.01M | $67.67M | $69.26M | $60.51M | $30.19M | - | - | $161.00K | - | - |
| Operating Income | $-196.02M | $-289.35M | $-411.86M | $-359.42M | $-479.90M | $-14.96M | $-1.14M | $-1.62M | $-3.05M | $-428.74K |
| Operating Margin % | -12.1% | -21.1% | -40.8% | -56.3% | -220.4% | nan% | -2790.2% | -781.2% | -315.9% | nan% |
| Interest Expense | $14.94M | $13.17M | $13.79M | $8.02M | $5.37M | $2.65M | $44.00K | $-227.00K | $340.72K | $1.27K |
| Other Income/Expense | $1.86M | $-923.00K | $1.02M | $-90.00K | $147.00K | $-94.00K | $10.00K | - | $-5.94K | $1.27K |
| Income Before Tax | $-177.12M | $-293.98M | $-426.71M | $-385.64M | $-609.05M | $-15.21M | $10.47M | - | - | - |
| Income Tax Expense | $659.00K | $-879.00K | $-1.67M | $-2.68M | $9.66M | $-2.11M | - | - | - | - |
| Net Income | $-172.25M | $-287.45M | $-561.48M | $-382.84M | $-570.33M | $-10.61M | $10.47M | $-10.10M | $-7.58M | $-430.01K |
| Net Margin % | -10.6% | -21.0% | -55.7% | -60.0% | -261.9% | nan% | 25546.3% | -4857.2% | -785.9% | nan% |
| Basic EPS | -0.54 | -1.04 | -3.08 | -2.78 | -12.82 | -2.37 | 0.24 | -359.42 | nan | nan |
| Diluted EPS | -0.54 | -1.04 | -3.08 | -2.78 | -12.82 | -2.37 | 0.16 | -359.42 | nan | nan |
| Basic Shares Outstanding | 319.7M | 276.3M | 182.5M | 137.5M | 44.5M | 4.5M | 44.2M | 28K | - | - |
| Diluted Shares Outstanding | 319.7M | 276.3M | 182.5M | 137.5M | 44.5M | 4.5M | 65.0M | 28K | - | - |
| 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 2018 (Dec 31, 2018) |
FY 2017 (Dec 31, 2017) |
FY 2016 (Dec 31, 2016) |
FY 2015 (Dec 31, 2015) |
FY 2013 (Dec 31, 2013) |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Cash Equivalents | $161.44M | $245.28M | $337.09M | $374.29M | $134.94M | $31.00K | $77.00K | $101.00K | $48.27K | $135.61K |
| Accounts Receivable | $71.08M | $80.30M | $44.00M | $34.31M | $17.50M | - | - | $11.00K | - | - |
| Other Current Assets | $16.70M | $20.80M | $13.51M | $19.32M | $4.28M | - | - | $3.00K | $13.41K | - |
| Total Current Assets | $274.03M | $386.75M | $436.90M | $428.50M | $156.71M | $31.00K | $77.00K | $115.00K | $61.68K | $150.12K |
| Property Plant & Equipment | $6.08M | $4.83M | $4.97M | $6.82M | $1.77M | $14.00K | $6.00K | - | $1.66K | - |
| Goodwill | $615.40M | $622.82M | $618.51M | $630.27M | $478.41M | $149.97M | - | - | - | $319.24K |
| Intangible Assets | $133.70M | $158.45M | $171.83M | $218.19M | $216.45M | $136.08M | - | - | - | - |
| Other Non-current Assets | $10.24M | $17.82M | $3.53M | $43.13M | $91.00K | - | - | - | - | - |
| Total Assets | $1.08B | $1.23B | $1.28B | $1.37B | $859.35M | $286.10M | $86.00K | $115.00K | $313.34K | $475.80K |
| Accounts Payable | $67.84M | $74.31M | $66.95M | $56.46M | $31.16M | $2.48M | - | - | $22.67K | - |
| Accrued Liabilities | $335.97M | $320.04M | $264.42M | $219.58M | $126.39M | $5.86M | $596.00K | - | - | - |
| Deferred Revenue | $98.42M | $90.20M | $65.37M | $44.30M | $17.43M | - | - | $24.00K | - | - |
| Total Current Liabilities | $515.32M | $517.35M | $438.75M | $337.30M | $227.31M | $18.55M | $3.19M | $14.37M | $5.68M | $407.94K |
| Deferred Tax Liabilities | - | - | $765.00K | $2.43M | $5.10M | - | - | - | - | - |
| Other Non-current Liabilities | $15.99M | $1.64M | $1.56M | $8.69M | $128.00K | - | - | - | - | - |
| Total Liabilities | $896.65M | $948.82M | $874.44M | $698.90M | $236.40M | $53.55M | $3.19M | - | - | $407.94K |
| Common Stock | $34.00K | $30.00K | $21.00K | $16.00K | $9.00K | $1.00K | $8.00K | - | $9.40K | $3.01K |
| Retained Earnings | $-2.02B | $-1.85B | $-1.56B | $-1.01B | $-626.46M | $-21.76M | $-11.15M | $-21.70M | $-11.59M | - |
| Total Stockholders Equity | $180.78M | $283.82M | $401.68M | $670.88M | $622.95M | $232.55M | $-3.10M | $-14.07M | $-5.22M | $97.59K |
| Total Liabilities & Equity | $1.08B | $1.23B | $1.28B | $1.37B | $859.35M | $286.10M | $86.00K | $115.00K | $313.34K | $475.80K |
| 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 2018 (Dec 31, 2018) |
FY 2017 (Dec 31, 2017) |
FY 2016 (Dec 31, 2016) |
FY 2015 (Dec 31, 2015) |
FY 2013 (Dec 31, 2013) |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $-172.25M | $-287.45M | $-561.48M | $-382.84M | $-570.33M | $-10.61M | $10.47M | $-10.10M | $-7.58M | $-430.01K |
| Depreciation & Amortization | $38.55M | $36.50M | $36.73M | $37.88M | $43.97M | $8.22M | - | - | - | - |
| Stock-based Compensation | $42.51M | $51.22M | $52.45M | $63.80M | $50.74M | - | - | $319.00K | $1.94M | - |
| Deferred Income Tax | $218.00K | $-995.00K | $-1.67M | $-2.68M | $-9.66M | - | - | - | - | - |
| Change in Receivables | $-9.03M | $36.20M | $9.78M | $15.06M | $12.59M | - | $-10.00K | $11.00K | $-11.25K | - |
| Change in Payables | $-5.75M | $6.63M | $12.01M | $9.42M | $-39.14M | $183.00K | $67.00K | $88.00K | $5.34K | $-58.34K |
| Operating Cash Flow | $-79.48M | $-177.62M | $-316.70M | $-192.60M | $-149.02M | $-3.15M | $-612.00K | $-603.00K | - | $-131.37K |
| Capital Expenditure | $2.73M | $1.07M | $1.13M | $5.05M | $166.00K | - | $6.00K | - | - | - |
| Acquisitions | - | - | - | $22.89M | - | - | - | - | - | - |
| Purchases of Investments | - | $3.50M | - | - | - | - | - | - | - | - |
| Investing Cash Flow | $-15.84M | $-25.42M | $-12.42M | $-76.17M | $-1.46M | - | $-6.00K | $180.00K | $-250.00K | $-206.22K |
| Debt Repayment | - | - | - | - | - | - | - | - | $5.00K | - |
| Stock Issued | - | - | - | - | - | $3.13M | $175.00K | - | $340.75K | $422.50K |
| Financing Cash Flow | $11.46M | $111.23M | $296.27M | $511.96M | $279.07M | $3.11M | $618.00K | - | - | $470.05K |
| Net Change in Cash | $-83.85M | $-91.81M | $-32.85M | $243.19M | $128.60M | $-46.00K | - | $53.00K | $-112.11K | $132.46K |
SEC Filing Format - Data shown as it appears in the Q1 2025 (10-Q) filing
Period ended: Dec 31, 2025
Condensed Consolidated Statements of Operations
| Description | Dec 31, 2025 | |
|---|---|---|
| Current | Prior Year | |
| Total Revenue | $1.55B | $1.11B |
| Operating Expenses | $1.57B | $1.14B |
| Research & Development | $13.62M | - |
| Operating Income | $-20.34M | $-38.59M |
| Interest Expense | $40.00K | - |
| Other Income/Expense | $27.00K | - |
| Income Before Tax | $-18.70M | $-38.59M |
| Income Tax Expense | $367.00K | - |
| Net Income | $-5.98M | $-38.59M |
| Basic EPS | -0.02 | - |
| Diluted EPS | -0.02 | - |
Condensed Consolidated Balance Sheets
| Description | Dec 31, 2025 | Prior Year |
|---|---|---|
| Cash & Cash Equivalents | $452.41M | - |
| Other Current Assets | $47.19M | - |
| Total Current Assets | $982.82M | - |
| Property Plant & Equipment | $5.93M | - |
| Goodwill | $2.61B | - |
| Intangible Assets | $435.74M | - |
| Other Non-current Assets | $16.43M | - |
| Total Assets | $4.10B | - |
| Accounts Payable | $56.09M | - |
| Deferred Revenue | $94.09M | - |
| Total Current Liabilities | $1.16B | - |
| Deferred Tax Liabilities | $1.40M | - |
| Other Non-current Liabilities | $13.50M | - |
| Total Liabilities | $1.44B | - |
| Retained Earnings | $-5.98M | - |
| Total Stockholders Equity | $275.49M | - |
| Total Liabilities & Equity | $4.10B | - |
Condensed Consolidated Statements of Cash Flows
| Description | Dec 31, 2025 | |
|---|---|---|
| Current | Prior Year | |
| Net Income | $-5.98M | $-38.59M |
| Depreciation & Amortization | $24.23M | - |
| Stock-based Compensation | $12.70M | - |
| Deferred Income Tax | $186.00K | - |
| Change in Receivables | $398.85M | $481.00K |
| Change in Payables | $11.18M | - |
| Operating Cash Flow | $-200.31M | $-42.59M |
| Capital Expenditure | $520.00K | - |
| Acquisitions | $-268.06M | - |
| Investing Cash Flow | $264.35M | - |
| Financing Cash Flow | $394.52M | $42.59M |
| Net Change in Cash | $458.56M | - |
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.