$902.57M
Revenue
$-398.79M
Net Income
-
Gross Margin
-49.02%
Op. Margin
$-462.46M
Free Cash Flow
| Breakdown | 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) |
Q1 2024 (Mar 31, 2024) |
Q4 2023 (Dec 31, 2023) |
Q3 2023 (Sep 30, 2023) |
Q2 2023 (Jun 30, 2023) |
Q1 2023 (Mar 31, 2023) |
Q4 2022 (Dec 31, 2022) |
Q3 2022 (Sep 30, 2022) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | $265.20M | $232.09M | $203.47M | $201.81M | $191.48M | $177.24M | $168.49M | $155.05M | $143.03M | $137.15M | $128.71M | $126.89M | $117.40M |
| Revenue Growth % (YoY) | 38.5% | 30.9% | 20.8% | 30.2% | 33.9% | 29.2% | 30.9% | 22.2% | 21.8% | nan% | nan% | nan% | nan% |
| Cost of Revenue | $93.59M | $81.20M | $74.72M | - | - | - | - | - | - | - | - | - | - |
| Gross Profit | $171.61M | $150.88M | $128.75M | - | - | - | - | - | - | - | - | - | - |
| Gross Margin % | 64.7% | 65.0% | 63.3% | nan% | nan% | nan% | nan% | nan% | nan% | nan% | nan% | nan% | nan% |
| Operating Expenses | $364.19M | $338.50M | $314.51M | $327.78M | $308.80M | $277.85M | $268.17M | $352.56M | $256.57M | $256.77M | $262.77M | $273.01M | $262.00M |
| Research & Development | $89.96M | $87.45M | $88.52M | $93.54M | $87.31M | $83.10M | $83.80M | $89.86M | $93.85M | $90.36M | $93.13M | $106.58M | $100.02M |
| Operating Income | $-98.99M | $-106.41M | $-111.04M | $-125.97M | $-117.33M | $-100.62M | $-99.68M | $-197.51M | $-113.54M | $-119.62M | $-134.06M | $-146.12M | $-144.60M |
| Operating Margin % | -37.3% | -45.9% | -54.6% | -62.4% | -61.3% | -56.8% | -59.2% | -127.4% | -79.4% | -87.2% | -104.1% | -115.2% | -123.2% |
| Interest Expense | $943.00K | $983.00K | $791.00K | $645.00K | $646.00K | $645.00K | $645.00K | $645.00K | $644.00K | $645.00K | $644.00K | $644.00K | $644.00K |
| Interest Income | $7.39M | $7.56M | $9.11M | $11.65M | $13.26M | $13.91M | $14.87M | $13.89M | $11.69M | $6.73M | $3.06M | $2.15M | $1.75M |
| Other Income/Expense | $-48.00K | $-25.00K | $7.85M | $4.67M | $-3.01M | $-15.14M | $-29.12M | $-3.32M | $16.89M | $41.26M | $-1.65M | $5.28M | $-18.39M |
| Income Before Tax | $-92.59M | $-99.86M | $-94.87M | $-110.29M | $-107.72M | $-102.50M | $-114.58M | $-187.58M | $-85.61M | $-72.28M | $-133.29M | $-139.33M | $-161.88M |
| Income Tax Expense | $136.00K | $38.00K | $290.00K | $716.00K | $30.00K | $133.00K | $405.00K | $-541.00K | $490.00K | $496.00K | $240.00K | $602.00K | $115.00K |
| Net Income | $-92.72M | $-99.90M | $-95.16M | $-111.01M | $-107.75M | $-102.63M | $-114.98M | $-187.04M | $-86.10M | $-72.77M | $-133.53M | $-139.93M | $-161.99M |
| Net Margin % | -35.0% | -43.0% | -46.8% | -55.0% | -56.3% | -57.9% | -68.2% | -120.6% | -60.2% | -53.1% | -103.7% | -110.3% | -138.0% |
| Basic EPS | -0.74 | -0.80 | -0.77 | -0.90 | -0.88 | -0.84 | -0.94 | -1.62 | -0.73 | -0.67 | -1.30 | -1.37 | -1.58 |
| Diluted EPS | -0.74 | -0.80 | -0.77 | -0.90 | -0.88 | -0.84 | -0.94 | -1.62 | -0.73 | -0.67 | -1.30 | -1.37 | -1.58 |
| Basic Shares Outstanding | 124.8M | 124.1M | 123.9M | 339K | 123.1M | 122.4M | 121.7M | 2.2M | 117.7M | 108.8M | 102.7M | 113K | 102.3M |
| Diluted Shares Outstanding | 124.8M | 124.1M | 123.9M | 339K | 123.1M | 122.4M | 121.7M | 2.2M | 117.7M | 108.8M | 102.7M | 113K | 102.3M |
| Breakdown | 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) |
Q1 2024 (Mar 31, 2024) |
Q4 2023 (Dec 31, 2023) |
Q3 2023 (Sep 30, 2023) |
Q2 2023 (Jun 30, 2023) |
Q1 2023 (Mar 31, 2023) |
Q4 2022 (Dec 31, 2022) |
Q3 2022 (Sep 30, 2022) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Cash Equivalents | $580.01M | $629.14M | $698.57M | $525.54M | $585.02M | $933.69M | $1.03B | $1.13B | $457.34M | $271.07M | $223.64M | $141.65M | $158.31M |
| Short-term Investments | - | - | - | - | - | - | - | - | - | - | - | $869.58M | - |
| Accounts Receivable | $115.58M | $130.25M | $115.43M | $110.25M | $88.47M | $100.52M | $84.56M | $88.78M | $88.80M | $86.47M | $87.20M | $97.26M | $86.20M |
| Inventory | $90.49M | $84.06M | $77.26M | $71.08M | $72.30M | $66.98M | $62.99M | $61.95M | $77.04M | $60.53M | $46.47M | $51.60M | $63.05M |
| Other Current Assets | $42.80M | $39.98M | $35.77M | $33.80M | $66.88M | $87.23M | $31.74M | $27.74M | $26.24M | $25.81M | $33.76M | $31.51M | $23.57M |
| Total Current Assets | $828.88M | $883.43M | $927.03M | $1.06B | $1.23B | $1.29B | $1.31B | $1.35B | $1.35B | $1.40B | $1.10B | $1.19B | $1.13B |
| Property Plant & Equipment | $124.61M | $126.14M | $129.29M | $136.81M | $125.17M | $132.32M | $138.39M | $145.10M | $147.67M | $155.74M | $163.23M | $167.92M | $168.01M |
| Goodwill | $3.29M | $3.29M | $3.29M | $3.29M | $3.29M | $3.29M | $3.29M | $3.29M | $3.29M | $3.29M | $3.29M | $3.29M | $3.29M |
| Intangible Assets | $5.48M | $5.86M | $6.28M | $6.76M | $7.25M | $7.74M | $8.29M | $8.98M | $9.67M | $10.36M | $11.05M | $11.73M | $12.42M |
| Long-term Investments | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Non-current Assets | $41.47M | $37.17M | $32.55M | $37.15M | $31.34M | $29.91M | $94.20M | $124.33M | $128.03M | $107.70M | $58.95M | $61.45M | $51.73M |
| Total Assets | $1.28B | $1.33B | $1.34B | $1.49B | $1.54B | $1.61B | $1.70B | $1.79B | $1.80B | $1.84B | $1.51B | $1.61B | $1.70B |
| Accounts Payable | $20.14M | $44.80M | $49.77M | $38.55M | $15.47M | $42.45M | $37.60M | $51.74M | - | - | - | - | $40.91M |
| Accrued Liabilities | $71.71M | $71.01M | $76.00M | - | $71.67M | $70.68M | $67.21M | - | - | - | - | - | $63.37M |
| Deferred Revenue | $46.86M | $54.35M | $36.30M | $35.47M | $29.55M | $29.38M | $22.56M | $17.96M | $21.48M | $12.24M | $13.62M | $17.40M | $13.42M |
| Total Current Liabilities | $236.92M | $238.43M | $225.75M | $225.58M | $197.34M | $201.57M | $220.01M | $205.92M | $226.75M | $200.93M | $204.16M | $193.22M | $175.12M |
| Other Non-current Liabilities | $94.36M | $91.17M | $92.55M | $92.83M | $89.45M | $95.93M | $96.79M | $96.01M | $10.18M | $9.45M | $9.14M | $9.18M | $6.99M |
| Total Liabilities | $1.63B | $1.64B | $1.60B | $1.63B | $1.60B | $1.61B | $1.64B | $1.63B | $1.57B | $1.55B | $1.56B | $1.55B | $1.54B |
| Retained Earnings | $-2.87B | $-2.77B | $-2.67B | $-2.58B | $-2.47B | $-2.36B | $-2.26B | $-2.14B | $-1.95B | $-1.87B | $-1.80B | $-1.66B | $-1.52B |
| Treasury Stock | $45.01M | $45.01M | $45.01M | - | - | - | - | - | - | - | - | - | - |
| Total Stockholders Equity | $-354.47M | $-305.48M | $-250.79M | $-139.65M | $-60.10M | $-1.61M | $68.28M | $158.68M | $228.30M | $292.73M | $-44.55M | $60.18M | $166.75M |
| Total Liabilities & Equity | $1.28B | $1.33B | $1.34B | $1.49B | $1.54B | $1.61B | $1.70B | $1.79B | $1.80B | $1.84B | $1.51B | $1.61B | $1.70B |
| Breakdown | 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) |
Q1 2024 (Mar 31, 2024) |
Q4 2023 (Dec 31, 2023) |
Q3 2023 (Sep 30, 2023) |
Q2 2023 (Jun 30, 2023) |
Q1 2023 (Mar 31, 2023) |
Q4 2022 (Dec 31, 2022) |
Q3 2022 (Sep 30, 2022) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $-92.72M | $-99.90M | $-95.16M | $-111.01M | $-325.37M | $-217.61M | $-114.98M | $-187.04M | $-292.41M | $-72.77M | $-133.53M | $-139.93M | $-161.99M |
| Depreciation & Amortization | $29.69M | $20.28M | $10.24M | $10.45M | $31.93M | $21.34M | $10.71M | $10.87M | $32.01M | $20.98M | $10.35M | $10.17M | $25.79M |
| Stock-based Compensation | $123.03M | $80.22M | $37.76M | $36.37M | $104.05M | $54.28M | $27.04M | $24.32M | $66.44M | $44.62M | $22.27M | $23.70M | $70.98M |
| Change in Receivables | $5.97M | $20.43M | $6.12M | $21.70M | $-316.00K | $11.74M | $-4.22M | $-18.00K | $-8.36M | $-10.70M | $-12.35M | $11.06M | $-11.43M |
| Change in Inventory | $19.41M | $12.98M | $6.17M | $-1.21M | $10.35M | $5.04M | $1.04M | $-15.09M | $25.43M | $8.93M | $-5.12M | $-11.45M | $32.38M |
| Change in Payables | - | - | - | - | - | - | - | - | - | - | - | - | $17.75M |
| Operating Cash Flow | $-158.39M | $-122.97M | $-62.69M | $-64.51M | $-175.34M | $-124.29M | $-30.28M | $-78.73M | $-246.25M | $-168.46M | $-74.44M | $-90.75M | $-218.71M |
| Capital Expenditure | $20.46M | $10.11M | $4.46M | $18.88M | $16.21M | $12.01M | $6.93M | $4.08M | $16.41M | $14.04M | $7.52M | $10.00M | $67.46M |
| Sales of Investments | $307.32M | $307.32M | $307.32M | - | $35.00M | $35.00M | $35.00M | $666.00M | $828.70M | $492.70M | $228.00M | $157.00M | $398.00M |
| Investing Cash Flow | $277.87M | $292.21M | $302.86M | $10.53M | $-271.84M | $22.99M | $28.07M | $663.45M | $176.80M | $-83.90M | $157.22M | $70.63M | $79.19M |
| Stock Issued | - | - | - | - | - | - | - | $90.62M | $402.50M | $402.50M | - | - | - |
| Stock Repurchased | $45.01M | $45.01M | $45.01M | - | - | - | - | - | - | - | - | - | - |
| Financing Cash Flow | $-60.90M | $-65.23M | $-66.85M | $-2.94M | $1.94M | $4.82M | $-1.07M | $90.57M | $386.81M | $383.00M | $-854.00K | $2.32M | $-191.41M |
| Net Change in Cash | $59.76M | $105.72M | $174.10M | $-58.61M | $-445.32M | $-98.45M | $-4.43M | $676.32M | $315.42M | $129.23M | $81.77M | $-16.66M | $-333.68M |
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 | $265.20M | $191.48M | $700.75M | $537.20M |
| Cost of Revenue | $93.59M | $74.49M | $249.51M | $212.21M |
| Operating Expenses | $364.19M | $308.80M | $1.02B | $854.83M |
| Research & Development | $89.96M | $87.31M | $265.93M | $254.21M |
| Operating Income | $-98.99M | $-117.33M | $-316.44M | $-317.63M |
| Interest Expense | $943.00K | $646.00K | $2.72M | $1.94M |
| Interest Income | $7.39M | $13.26M | $24.06M | $42.04M |
| Other Income/Expense | $-48.00K | $-3.01M | $7.78M | $-47.27M |
| Income Before Tax | $-92.59M | $-107.72M | $-287.32M | $-324.80M |
| Income Tax Expense | $136.00K | $30.00K | $464.00K | $568.00K |
| Net Income | $-92.72M | $-107.75M | $-287.78M | $-325.37M |
| Basic EPS | -0.74 | -0.88 | -2.32 | -2.66 |
| Diluted EPS | -0.74 | -0.88 | -2.32 | -2.66 |
| Basic Shares Outstanding | $124.81M | $123.05M | $124.27M | $122.41M |
| Diluted Shares Outstanding | $124.81M | $123.05M | $124.27M | $122.41M |
Condensed Consolidated Balance Sheets
| Description | Sep 30, 2025 | Dec 31, 2024 |
|---|---|---|
| Cash & Cash Equivalents | $580.01M | $525.54M |
| Accounts Receivable | $115.58M | $110.25M |
| Inventory | $90.49M | $71.08M |
| Other Current Assets | $42.80M | $33.80M |
| Total Current Assets | $828.88M | $1.06B |
| Property Plant & Equipment | $124.61M | $136.81M |
| Goodwill | $3.29M | $3.29M |
| Intangible Assets | $5.48M | $6.76M |
| Other Non-current Assets | $41.47M | $37.15M |
| Total Assets | $1.28B | $1.49B |
| Accounts Payable | $20.14M | $38.55M |
| Accrued Liabilities | $71.71M | $68.34M |
| Deferred Revenue | $46.86M | $35.47M |
| Total Current Liabilities | $236.92M | $225.58M |
| Other Non-current Liabilities | $94.36M | $92.83M |
| Total Liabilities | $1.63B | $1.63B |
| Retained Earnings | $-2.87B | $-2.58B |
| Treasury Stock | $45.01M | - |
| Total Stockholders Equity | $-354.47M | $-139.65M |
| Total Liabilities & Equity | $1.28B | $1.49B |
Condensed Consolidated Statements of Cash Flows
| Description | Sep 30, 2025 | Sep 30, 2025 | ||
|---|---|---|---|---|
| Current | Prior Year | Current YTD | Prior Year YTD | |
| Net Income | $-92.72M | $-107.75M | $-287.78M | $-325.37M |
| Depreciation & Amortization | - | - | $29.69M | $31.93M |
| Stock-based Compensation | - | - | $123.03M | $104.05M |
| Change in Receivables | - | - | $5.97M | $-316.00K |
| Change in Inventory | - | - | $19.41M | $10.35M |
| Operating Cash Flow | - | - | $-158.39M | $-175.34M |
| Capital Expenditure | - | - | $20.46M | $16.21M |
| Sales of Investments | - | - | $307.32M | $35.00M |
| Investing Cash Flow | - | - | $277.87M | $-271.84M |
| Stock Repurchased | - | - | $45.01M | - |
| Financing Cash Flow | - | - | $-60.90M | $1.94M |
| Net Change in Cash | - | - | $59.76M | $-445.32M |
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.