$6.96B
Revenue
$-58.50M
Net Income
-
Gross Margin
-0.91%
Op. Margin
$310.30M
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 | $6.96B | $6.96B | $5.63B | $4.88B | $6.02B | $6.42B |
| Revenue Growth % | 0.0% | 23.7% | 15.2% | -18.8% | -6.3% | nan% |
| Operating Expenses | $7.03B | $7.03B | $5.78B | $5.20B | $6.61B | $6.91B |
| Research & Development | $245.80M | $245.80M | $188.80M | $184.50M | $360.30M | $365.30M |
| Operating Income | $-63.40M | $-63.40M | $-154.80M | $-314.90M | $-589.40M | $-493.00M |
| Operating Margin % | -0.9% | -0.9% | -2.7% | -6.4% | -9.8% | -7.7% |
| Interest Expense | $10.50M | $5.60M | $3.40M | $10.80M | $3.60M | $2.40M |
| Income Before Tax | $-59.60M | $-59.60M | $-154.90M | $-321.70M | $-590.20M | $-495.30M |
| Income Tax Expense | $-1.10M | $-1.10M | $-500.00K | $-400.00K | $-900.00K | $-2.50M |
| Net Income | $-58.50M | $-58.50M | $-154.40M | $-321.30M | $-601.50M | $-494.10M |
| Net Margin % | -0.8% | -0.8% | -2.7% | -6.6% | -10.0% | -7.7% |
| Basic EPS | nan | -0.10 | -0.31 | -0.69 | -1.40 | -1.51 |
| Diluted EPS | nan | -0.10 | -0.31 | -0.69 | -1.40 | -1.51 |
| Basic Shares Outstanding | 3.3M | 562.2M | 501.5M | 466.5M | 428.2M | 326.3M |
| Diluted Shares Outstanding | 3.3M | 562.2M | 501.5M | 466.5M | 428.2M | 326.3M |
| 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 | $199.00M | $223.80M | $166.90M | $361.90M | $618.30M |
| Accounts Receivable | $57.00M | $48.60M | $36.60M | $36.60M | $48.50M |
| Other Current Assets | $36.20M | $33.20M | $54.50M | $76.50M | $94.90M |
| Total Current Assets | $317.20M | $330.00M | $282.00M | $517.90M | $794.60M |
| Property Plant & Equipment | $113.80M | $125.50M | $151.70M | $192.50M | $157.40M |
| Goodwill | $479.20M | $233.60M | $209.80M | $198.40M | $188.30M |
| Intangible Assets | $193.30M | $73.80M | $77.60M | $99.30M | $127.20M |
| Other Non-current Assets | $54.90M | $25.40M | $30.70M | $41.80M | $48.40M |
| Total Assets | $1.54B | $1.18B | $1.16B | $1.53B | $1.80B |
| Accounts Payable | $12.50M | $13.00M | $18.40M | $28.10M | $34.60M |
| Other Current Liabilities | $77.00M | $60.40M | - | - | - |
| Total Current Liabilities | $367.30M | $353.20M | $292.50M | $517.50M | $437.10M |
| Other Non-current Liabilities | $30.70M | $31.90M | $25.60M | $8.40M | $32.90M |
| Total Liabilities | $752.20M | $765.60M | $728.30M | $1.01B | $953.00M |
| Common Stock | - | - | - | - | - |
| Retained Earnings | $-2.73B | $-2.67B | $-2.52B | $-2.20B | $-1.59B |
| Total Stockholders Equity | $782.00M | $409.40M | $428.70M | $517.10M | $843.80M |
| Total Liabilities & Equity | $1.54B | $1.18B | $1.16B | $1.53B | $1.80B |
| 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 | $-109.20M | $-58.50M | $-154.40M | $-321.30M | $-601.50M | $-494.10M |
| Depreciation & Amortization | $199.70M | $112.70M | $82.40M | $90.00M | $86.30M | $64.40M |
| Stock-based Compensation | $318.70M | $202.70M | $127.50M | $158.20M | $234.50M | $386.30M |
| Deferred Income Tax | - | $-2.80M | $-1.20M | $-800.00K | - | - |
| Change in Receivables | $31.40M | $-7.10M | $8.00M | $3.50M | $-6.50M | $-8.50M |
| Operating Cash Flow | $335.70M | $216.70M | $121.50M | $-25.90M | $-291.70M | $-28.60M |
| Capital Expenditure | $25.40M | $13.40M | $15.70M | $11.20M | $70.10M | $50.10M |
| Acquisitions | $506.90M | $174.00M | $18.90M | $-700.00K | $15.00M | $137.40M |
| Investing Cash Flow | $-537.70M | $-191.30M | $-36.60M | $-11.70M | $-100.10M | $-192.50M |
| Financing Cash Flow | $33.90M | $-50.20M | $-28.00M | $-157.40M | $135.40M | $399.30M |
| Net Change in Cash | $-168.10M | $-24.80M | $56.90M | $-195.00M | $-256.40M | $178.20M |
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 | $1.85B | $1.49B | $5.26B | $4.25B |
| Operating Expenses | $1.85B | $1.50B | $5.28B | $4.36B |
| Research & Development | $67.40M | $47.50M | $180.70M | $141.90M |
| Operating Income | $-7.20M | $-3.40M | $-21.50M | $-114.20M |
| Interest Expense | $2.10M | $1.50M | $4.90M | $2.80M |
| Income Before Tax | $-7.80M | $-2.70M | $-25.00M | $-114.10M |
| Income Tax Expense | $-200.00K | $-300.00K | $-3.30M | $-700.00K |
| Net Income | $-4.60M | $-1.70M | $-15.90M | $-113.90M |
| Basic EPS | -0.01 | 0.00 | -0.03 | -0.23 |
| Diluted EPS | -0.01 | 0.00 | -0.03 | -0.23 |
| Basic Shares Outstanding | $565.90M | $505.99M | $558.84M | $498.25M |
| Diluted Shares Outstanding | $565.90M | $505.99M | $558.84M | $498.25M |
Condensed Consolidated Balance Sheets
| Description | Sep 30, 2025 | Dec 31, 2024 |
|---|---|---|
| Cash & Cash Equivalents | $170.30M | $223.80M |
| Accounts Receivable | $70.50M | $48.60M |
| Other Current Assets | $37.00M | $33.20M |
| Total Current Assets | $313.30M | $330.00M |
| Property Plant & Equipment | $119.40M | $125.50M |
| Goodwill | $479.40M | $233.60M |
| Intangible Assets | $211.80M | $73.80M |
| Other Non-current Assets | $52.20M | $25.40M |
| Total Assets | $1.55B | $1.18B |
| Accounts Payable | $15.30M | $13.00M |
| Total Current Liabilities | $391.00M | $353.20M |
| Other Non-current Liabilities | $31.70M | $31.90M |
| Total Liabilities | $775.10M | $765.60M |
| Common Stock | - | - |
| Retained Earnings | $-2.69B | $-2.67B |
| Total Stockholders Equity | $773.30M | $409.40M |
| Total Liabilities & Equity | $1.55B | $1.18B |
Condensed Consolidated Statements of Cash Flows
| Description | Sep 30, 2025 | Sep 30, 2025 | ||
|---|---|---|---|---|
| Current | Prior Year | Current YTD | Prior Year YTD | |
| Net Income | $-4.60M | $-1.70M | $-15.90M | $-113.90M |
| Depreciation & Amortization | $27.60M | $20.50M | $85.80M | $62.70M |
| Stock-based Compensation | - | - | $145.20M | $96.30M |
| Change in Receivables | - | - | $6.90M | $6.90M |
| Operating Cash Flow | - | - | $171.40M | $91.00M |
| Capital Expenditure | - | - | $10.30M | $11.90M |
| Acquisitions | - | - | $174.80M | $18.90M |
| Investing Cash Flow | - | - | $-189.00M | $-32.80M |
| Financing Cash Flow | - | - | $-35.90M | $-13.90M |
| Net Change in Cash | - | - | $-53.50M | $44.30M |
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.