$902.57M
Revenue
$-398.79M
Net Income
-
Gross Margin
-49.02%
Op. Margin
$-462.46M
Free Cash Flow
| Breakdown | TTM (Sep 30, 2025) |
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 2019 (Dec 31, 2019) |
FY 2018 (Dec 31, 2018) |
|---|---|---|---|---|---|---|---|---|
| Total Revenue | $902.57M | $739.02M | $563.95M | $449.54M | $373.65M | $286.73M | $214.38M | $90.64M |
| Revenue Growth % | 22.1% | 31.0% | 25.5% | 20.3% | 30.3% | 33.8% | 136.5% | nan% |
| Operating Expenses | $1.34B | $1.18B | $1.13B | $993.92M | $784.65M | $541.68M | $296.75M | $183.58M |
| Research & Development | $359.47M | $347.75M | $367.19M | $373.81M | $263.22M | $149.86M | $86.29M | $50.71M |
| Operating Income | $-442.41M | $-443.59M | $-564.73M | $-544.38M | $-411.00M | $-254.95M | $-82.37M | $-92.94M |
| Operating Margin % | -49.0% | -60.0% | -100.1% | -121.1% | -110.0% | -88.9% | -38.4% | -102.5% |
| Interest Expense | $3.36M | $2.58M | $2.58M | $2.58M | $2.58M | $4.77M | $1.18M | $1.25M |
| Interest Income | $35.72M | $53.69M | $35.37M | $6.07M | $3.93M | $10.17M | $13.74M | $5.27M |
| Other Income/Expense | $12.45M | $-42.60M | $53.17M | $-12.78M | $25.18M | $3.64M | $88.00K | $4.70M |
| Income Before Tax | $-397.61M | $-435.09M | $-478.76M | $-653.45M | $-384.47M | $-245.90M | $-69.72M | $-84.22M |
| Income Tax Expense | $1.18M | $1.28M | $685.00K | $1.14M | $300.00K | $379.00K | $-1.87M | $38.00K |
| Net Income | $-398.79M | $-436.37M | $-479.45M | $-654.59M | $-384.77M | $-246.28M | $-75.65M | $-85.06M |
| Net Margin % | -44.2% | -59.0% | -85.0% | -145.6% | -103.0% | -85.9% | -35.3% | -93.8% |
| Basic EPS | -3.21 | -3.56 | -4.28 | -6.41 | -4.00 | -2.60 | -0.84 | nan |
| Diluted EPS | -3.21 | -3.56 | -4.28 | -6.41 | -4.00 | -2.60 | -0.84 | nan |
| Basic Shares Outstanding | 124.8M | 122.7M | 112.0M | 102.2M | 101.3M | 97.5M | 90.6M | - |
| Diluted Shares Outstanding | 124.8M | 122.7M | 112.0M | 102.2M | 101.3M | 97.5M | 90.6M | - |
| 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 2019 (Dec 31, 2019) |
FY 2018 (Dec 31, 2018) |
|---|---|---|---|---|---|---|---|
| Cash & Cash Equivalents | $525.54M | $1.13B | $141.65M | $492.20M | $832.98M | $143.23M | $140.54M |
| Short-term Investments | - | - | $869.58M | $440.55M | $961.90M | $379.57M | $278.42M |
| Accounts Receivable | $110.25M | $88.78M | $97.26M | $97.65M | $53.30M | $47.99M | $35.69M |
| Inventory | $71.08M | $61.95M | $51.60M | $30.67M | $22.72M | $15.18M | $9.14M |
| Other Current Assets | $33.80M | $27.74M | $31.51M | $53.05M | $17.47M | $11.39M | $5.20M |
| Total Current Assets | $1.06B | $1.35B | $1.19B | $1.11B | $1.89B | $597.36M | $468.99M |
| Property Plant & Equipment | $136.81M | $145.10M | $167.92M | $124.46M | $62.78M | $43.67M | $31.00M |
| Goodwill | $3.29M | $3.29M | $3.29M | $3.29M | $3.29M | $3.29M | - |
| Intangible Assets | $6.76M | $8.98M | $11.73M | $14.21M | $16.16M | $8.52M | - |
| Long-term Investments | - | - | - | $698.03M | $246.60M | $268.78M | $77.56M |
| Other Non-current Assets | $37.15M | $124.33M | $61.45M | $60.94M | $17.21M | $4.88M | $2.05M |
| Total Assets | $1.49B | $1.79B | $1.61B | $2.20B | $2.27B | $962.53M | $587.40M |
| Accounts Payable | $38.55M | $51.74M | - | $17.58M | $7.34M | $16.20M | $10.64M |
| Accrued Liabilities | - | - | - | $45.28M | $22.64M | $25.70M | $7.08M |
| Deferred Revenue | $35.47M | $17.96M | $17.40M | $11.33M | $8.55M | $12.28M | $16.14M |
| Total Current Liabilities | $225.58M | $205.92M | $193.22M | $194.69M | $66.81M | $72.73M | $46.94M |
| Other Non-current Liabilities | $92.83M | $96.01M | $9.18M | $3.93M | $1.52M | $1.67M | $206.00K |
| Total Liabilities | $1.63B | $1.63B | $1.55B | $1.56B | $916.19M | $114.54M | $62.45M |
| Retained Earnings | $-2.58B | $-2.14B | $-1.66B | $-1.01B | $-606.59M | $-352.81M | $-280.80M |
| Total Stockholders Equity | $-139.65M | $158.68M | $60.18M | $645.00M | $1.30B | $798.39M | $483.15M |
| Total Liabilities & Equity | $1.49B | $1.79B | $1.61B | $2.20B | $2.27B | $962.53M | $587.40M |
| Breakdown | TTM (Sep 30, 2025) |
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 2019 (Dec 31, 2019) |
FY 2018 (Dec 31, 2018) |
|---|---|---|---|---|---|---|---|---|
| Net Income | $-398.79M | $-436.37M | $-479.45M | $-654.59M | $-384.77M | $-246.28M | $-75.65M | $-85.06M |
| Depreciation & Amortization | $70.65M | $42.39M | $42.88M | $35.96M | $22.27M | $16.07M | $11.41M | $7.14M |
| Stock-based Compensation | $277.37M | $140.41M | $90.76M | $94.69M | $151.45M | $144.11M | $16.95M | $6.85M |
| Change in Receivables | $54.22M | $21.39M | $-8.38M | $-375.00K | $44.35M | $5.46M | $7.39M | $22.90M |
| Change in Inventory | $37.34M | $9.13M | $10.35M | $20.93M | $7.96M | $7.54M | $6.04M | $1.85M |
| Change in Payables | - | - | - | - | $8.64M | $-7.86M | $4.34M | $5.05M |
| Operating Cash Flow | $-408.56M | $-239.86M | $-324.98M | $-309.46M | $-209.02M | $-103.93M | $-47.13M | $-72.19M |
| Capital Expenditure | $53.90M | $35.09M | $20.49M | $77.46M | $75.03M | $36.17M | $18.72M | $20.20M |
| Acquisitions | - | - | - | - | - | - | $7.33M | - |
| Purchases of Investments | - | - | - | $303.76M | $900.81M | $1.13B | $614.29M | $287.45M |
| Sales of Investments | $921.97M | $35.00M | $1.49B | $555.00M | $952.11M | - | - | - |
| Investing Cash Flow | $883.47M | $-261.31M | $840.25M | $149.82M | $-63.16M | $-617.09M | $-317.57M | $-153.03M |
| Stock Issued | - | - | $493.12M | - | - | $355.73M | $350.43M | $254.01M |
| Stock Repurchased | - | - | - | - | - | - | - | $172.00K |
| Financing Cash Flow | $-195.91M | $-996.00K | $477.38M | $-189.09M | $-66.82M | $1.41B | $367.30M | $293.16M |
| Net Change in Cash | $280.97M | $-503.93M | $991.74M | $-350.34M | $-340.69M | $689.75M | $2.68M | $67.95M |
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-K filings.
Annual data represents full fiscal year results. FY = Fiscal Year ending.