$310.81M
Revenue
$-20.21M
Net Income
79.39%
Gross Margin
-7.00%
Op. Margin
-
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 | $310.81M | $310.81M | $260.03M | $322.02M | $288.38M | $251.79M |
| Revenue Growth % | 0.0% | 19.5% | -19.3% | 11.7% | 14.5% | nan% |
| Cost of Revenue | $64.06M | $64.06M | $52.91M | $108.22M | $96.04M | $73.66M |
| Gross Profit | $246.75M | $246.75M | $207.12M | $213.81M | $192.34M | $178.13M |
| Gross Margin % | 79.4% | 79.4% | 79.7% | 66.4% | 66.7% | 70.7% |
| Operating Expenses | $268.50M | $268.50M | $247.74M | $285.64M | $281.82M | $240.52M |
| Research & Development | - | $32.10M | $31.30M | - | - | - |
| Selling General & Admin | $56.66M | $56.66M | $56.90M | $62.66M | $61.81M | $48.81M |
| Operating Income | $-21.75M | $-21.75M | $-40.62M | $-71.84M | $-89.49M | $-62.39M |
| Operating Margin % | -7.0% | -7.0% | -15.6% | -22.3% | -31.0% | -24.8% |
| Interest Expense | $1.80M | $1.80M | $2.40M | $2.24M | $805.00K | $2.27M |
| Other Income/Expense | $3.51M | $3.51M | $3.17M | $2.85M | $-1.96M | $1.56M |
| Income Before Tax | $-20.16M | $-20.16M | $-39.97M | $-71.23M | $-92.25M | $-63.10M |
| Income Tax Expense | $59.00K | $59.00K | $29.00K | $19.00K | $35.00K | $80.00K |
| Net Income | $-20.21M | $-20.21M | $-76.99M | $-71.25M | $-92.28M | $-63.18M |
| Net Margin % | -6.5% | -6.5% | -29.6% | -22.1% | -32.0% | -25.1% |
| Basic EPS | -0.16 | -0.17 | -0.69 | -0.68 | -0.92 | -0.82 |
| Diluted EPS | -0.16 | -0.17 | -0.69 | -0.68 | -0.92 | -0.82 |
| Basic Shares Outstanding | - | 121.7M | 112.0M | 104.9M | 99.8M | 77.1M |
| Diluted Shares Outstanding | - | 121.7M | 112.0M | 104.9M | 99.8M | 77.1M |
| 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 | $38.63M | $31.85M | $56.08M | $38.03M | $84.55M |
| Accounts Receivable | $2.44M | $3.57M | $7.81M | $4.67M | $4.14M |
| Inventory | - | $690.00K | $15.69M | $17.52M | $9.82M |
| Other Current Assets | $6.11M | $8.49M | $6.20M | $7.08M | $8.62M |
| Total Current Assets | $56.68M | $56.92M | $93.89M | $134.19M | $228.41M |
| Property Plant & Equipment | $67.24M | $68.48M | $87.67M | $92.48M | $55.47M |
| Goodwill | $10.75M | $10.75M | $11.96M | $11.59M | $12.24M |
| Intangible Assets | - | - | $8.16M | $10.50M | $13.85M |
| Other Non-current Assets | $7.20M | $6.22M | $6.18M | $7.03M | $11.52M |
| Total Assets | $167.25M | $171.22M | $249.97M | $301.95M | $360.83M |
| Accounts Payable | $10.33M | $8.33M | $9.46M | $7.80M | $13.34M |
| Accrued Liabilities | $24.51M | $29.86M | $35.93M | $50.16M | $45.25M |
| Deferred Revenue | $1.57M | $3.33M | - | - | - |
| Total Current Liabilities | $62.38M | $61.52M | $76.67M | $84.41M | $89.41M |
| Long-term Debt | $14.28M | $18.15M | $22.01M | $25.79M | $27.56M |
| Other Non-current Liabilities | $2.82M | $2.76M | $2.75M | $3.02M | $1.12M |
| Total Liabilities | $108.05M | $114.92M | $146.05M | $161.95M | $155.09M |
| Common Stock | $12.00K | $11.00K | $11.00K | $10.00K | $10.00K |
| Retained Earnings | $-576.08M | $-555.86M | $-478.88M | $-407.63M | $-315.34M |
| Total Stockholders Equity | $59.19M | $56.30M | $103.92M | $140.00M | $205.73M |
| Total Liabilities & Equity | $167.25M | $171.22M | $249.97M | $301.95M | $360.83M |
| 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 | $-20.21M | $-20.21M | $-76.99M | $-71.25M | $-92.28M | $-63.18M |
| Depreciation & Amortization | $22.43M | $12.92M | $17.33M | $18.73M | $14.03M | $9.15M |
| Stock-based Compensation | $34.54M | $19.00M | $25.85M | $31.68M | $26.82M | $12.96M |
| Change in Receivables | $-231.00K | $-1.13M | $-1.48M | $3.13M | $530.00K | $1.19M |
| Change in Inventory | - | - | $-2.13M | $-2.21M | $7.89M | $2.74M |
| Change in Payables | $8.89M | $1.42M | $3.91M | $1.70M | $-3.98M | $871.00K |
| Operating Cash Flow | - | - | - | $-22.59M | $-52.10M | $-35.02M |
| Capital Expenditure | $17.38M | $10.47M | $6.58M | $15.98M | $43.25M | $19.83M |
| Acquisitions | - | - | - | - | - | $23.58M |
| Sales of Investments | - | - | $28.10M | $77.58M | $55.65M | $2.80M |
| Investing Cash Flow | - | - | - | $43.68M | $8.92M | $-169.58M |
| Debt Repayment | $7.00M | $4.00M | $4.00M | $4.00M | $6.33M | $4.00M |
| Financing Cash Flow | $97.00K | $-397.00K | $-4.39M | $-3.60M | $-3.94M | $228.96M |
| Net Change in Cash | $21.46M | $3.09M | $-20.98M | $17.42M | $-47.79M | $24.30M |
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 | $82.16M | - | $231.11M | - |
| Cost of Revenue | $16.95M | - | $47.79M | - |
| Gross Profit | $65.21M | - | $183.32M | - |
| Operating Expenses | $69.60M | - | $198.39M | - |
| Selling General & Admin | $14.87M | - | $41.66M | - |
| Operating Income | $-4.39M | - | $-15.07M | - |
| Interest Expense | $477.00K | - | $1.49M | - |
| Other Income/Expense | $583.00K | - | $1.97M | - |
| Income Before Tax | $-4.28M | - | $-14.59M | - |
| Income Tax Expense | $-34.00K | - | $54.00K | - |
| Net Income | $-4.25M | $-13.95M | $-14.64M | - |
| Basic EPS | -0.03 | - | -0.12 | - |
| Diluted EPS | -0.03 | - | -0.12 | - |
| Basic Shares Outstanding | $123.90M | - | $120.32M | - |
| Diluted Shares Outstanding | $123.90M | - | $120.32M | - |
Condensed Consolidated Balance Sheets
| Description | Sep 30, 2025 | Dec 31, 2024 |
|---|---|---|
| Cash & Cash Equivalents | $46.22M | $31.85M |
| Accounts Receivable | $3.73M | $3.57M |
| Other Current Assets | $5.67M | $9.18M |
| Total Current Assets | $60.50M | $56.92M |
| Property Plant & Equipment | $67.90M | $68.48M |
| Goodwill | $10.75M | $10.75M |
| Other Non-current Assets | $5.98M | $6.22M |
| Total Assets | $172.47M | $171.22M |
| Accounts Payable | $12.33M | $8.33M |
| Accrued Liabilities | $26.28M | $29.86M |
| Total Current Liabilities | $65.53M | $61.52M |
| Long-term Debt | $15.25M | $18.15M |
| Other Non-current Liabilities | $2.56M | $2.76M |
| Total Liabilities | $113.40M | $114.92M |
| Common Stock | $12.00K | $11.00K |
| Retained Earnings | $-570.50M | $-555.86M |
| Total Stockholders Equity | $59.07M | $56.30M |
| Total Liabilities & Equity | $172.47M | $171.22M |
Condensed Consolidated Statements of Cash Flows
| Description | Sep 30, 2025 | Sep 30, 2025 | ||
|---|---|---|---|---|
| Current | Prior Year | Current YTD | Prior Year YTD | |
| Net Income | $-4.25M | $-13.95M | $-14.64M | - |
| Depreciation & Amortization | - | - | $9.47M | - |
| Stock-based Compensation | - | - | $14.46M | - |
| Change in Receivables | - | - | $158.00K | - |
| Change in Payables | - | - | $4.38M | - |
| Capital Expenditure | - | - | $8.74M | - |
| Debt Repayment | - | - | $3.00M | - |
| Financing Cash Flow | - | - | $-448.00K | - |
| Net Change in Cash | - | - | $10.77M | - |
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.