$1.06B
Revenue
$-1.25B
Net Income
82.43%
Gross Margin
-122.23%
Op. Margin
$246.24M
Free Cash Flow
| Breakdown | Q4 2025 (Dec 31, 2025) |
Q3 2025 (Sep 30, 2025) |
Q2 2025 (Jun 30, 2025) |
|---|---|---|---|
| Total Revenue | $303.78M | $274.17M | $249.64M |
| Revenue Growth % (YoY) | nan% | nan% | nan% |
| Cost of Revenue | $54.30M | $83.88M | $27.89M |
| Gross Profit | $249.47M | $190.29M | $221.75M |
| Gross Margin % | 82.1% | 69.4% | 88.8% |
| Operating Expenses | $444.98M | $1.33B | $219.68M |
| Research & Development | $195.84M | $680.88M | $83.05M |
| Operating Income | $-195.50M | $-1.14B | $2.08M |
| Operating Margin % | -64.4% | -414.6% | 0.8% |
| Other Income/Expense | $-8.74M | $29.30M | $36.98M |
| Income Before Tax | $-204.24M | $-1.11B | $39.05M |
| Income Tax Expense | $22.31M | $-10.46M | $10.83M |
| Net Income | $-226.56M | $-1.10B | $28.23M |
| Net Margin % | -74.6% | -400.1% | 11.3% |
| Basic EPS | nan | -2.72 | 0.00 |
| Diluted EPS | nan | -2.72 | 0.00 |
| Basic Shares Outstanding | - | 403.2M | 215.1M |
| Diluted Shares Outstanding | - | 403.2M | 231.7M |
| Breakdown | Q4 2025 (Dec 31, 2025) |
Q3 2025 (Sep 30, 2025) |
Q2 2025 (Jun 30, 2025) |
|---|---|---|---|
| Cash & Cash Equivalents | $403.47M | $340.49M | $621.62M |
| Short-term Investments | $1.25B | $1.24B | $971.72M |
| Accounts Receivable | $247.91M | $156.00M | $124.72M |
| Other Current Assets | $85.27M | $79.90M | $60.06M |
| Total Current Assets | $2.00B | $1.84B | $1.81B |
| Property Plant & Equipment | $20.00M | $17.95M | $16.59M |
| Goodwill | $101.40M | $24.54M | $24.54M |
| Intangible Assets | $19.08M | $16.04M | $13.23M |
| Other Non-current Assets | $120.71M | $100.41M | $97.99M |
| Total Assets | $2.35B | $2.07B | $2.03B |
| Accounts Payable | $4.50M | $13.36M | $12.03M |
| Accrued Liabilities | $66.53M | $51.84M | $52.76M |
| Deferred Revenue | $595.33M | $473.57M | $433.15M |
| Other Current Liabilities | $31.83M | - | - |
| Total Current Liabilities | $776.11M | $622.48M | $546.56M |
| Other Non-current Liabilities | $5.62M | $5.67M | $5.59M |
| Total Liabilities | $837.57M | $684.71M | $607.45M |
| Retained Earnings | $-1.44B | $-1.22B | $-119.80M |
| Total Stockholders Equity | $1.51B | $1.39B | $1.43B |
| Total Liabilities & Equity | $2.35B | $2.07B | $2.03B |
| Breakdown | Q4 2025 (Dec 31, 2025) |
Q3 2025 (Sep 30, 2025) |
Q2 2025 (Jun 30, 2025) |
|---|---|---|---|
| Net Income | $-226.56M | $-1.10B | $28.23M |
| Depreciation & Amortization | $6.05M | $9.54M | $5.13M |
| Stock-based Compensation | $218.29M | $1.15B | $7.51M |
| Change in Receivables | $92.19M | $25.53M | $-5.78M |
| Change in Payables | $-5.93M | $6.08M | $7.71M |
| Operating Cash Flow | $39.89M | $210.79M | $159.63M |
| Capital Expenditure | $734.00K | $3.71M | $2.01M |
| Acquisitions | $37.34M | $21.00M | $21.00M |
| Purchases of Investments | $233.45M | $1.01B | $525.63M |
| Sales of Investments | $167.99M | $671.55M | $475.84M |
| Investing Cash Flow | $-76.97M | $-294.45M | $-33.58M |
| Stock Issued | - | - | - |
| Stock Repurchased | - | - | - |
| Financing Cash Flow | $99.01M | $-55.67M | $15.78M |
| Net Change in Cash | $61.93M | $-139.32M | $141.84M |
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 | $274.17M | $198.64M | $752.01M | $532.07M |
| Cost of Revenue | $83.88M | $18.70M | $131.22M | $71.05M |
| Gross Profit | $190.29M | $179.94M | $620.79M | $461.01M |
| Operating Expenses | $1.33B | $227.27M | $1.72B | $1.39B |
| Research & Development | $680.88M | $104.18M | $833.86M | $692.57M |
| Operating Income | $-1.14B | $-47.34M | $-1.09B | $-929.10M |
| Other Income/Expense | $29.30M | $17.91M | $73.56M | $45.23M |
| Income Before Tax | $-1.11B | $-29.43M | $-1.02B | $-883.87M |
| Income Tax Expense | $-10.46M | $-13.83M | $2.51M | $-53.94M |
| Net Income | $-1.10B | $-15.60M | $-1.02B | $-829.93M |
| Basic EPS | -2.72 | -0.07 | -3.68 | -4.37 |
| Diluted EPS | -2.72 | -0.07 | -3.68 | -4.37 |
| Basic Shares Outstanding | $403.21M | $210.77M | $278.41M | $190.06M |
| Diluted Shares Outstanding | $403.21M | $210.77M | $278.41M | $190.06M |
Condensed Consolidated Balance Sheets
| Description | Sep 30, 2025 | Dec 31, 2024 |
|---|---|---|
| Cash & Cash Equivalents | $340.49M | $486.95M |
| Short-term Investments | $1.24B | $970.88M |
| Accounts Receivable | $156.00M | $131.31M |
| Other Current Assets | $79.90M | $48.87M |
| Total Current Assets | $1.84B | $1.64B |
| Property Plant & Equipment | $17.95M | $15.02M |
| Goodwill | $24.54M | $11.40M |
| Intangible Assets | $16.04M | $2.51M |
| Other Non-current Assets | $100.41M | $93.76M |
| Total Assets | $2.07B | $1.79B |
| Accounts Payable | $13.36M | $4.16M |
| Accrued Liabilities | $51.84M | $31.12M |
| Deferred Revenue | $473.57M | $381.36M |
| Total Current Liabilities | $622.48M | $446.96M |
| Other Non-current Liabilities | $5.67M | $4.30M |
| Total Liabilities | $684.71M | $469.10M |
| Retained Earnings | $-1.22B | $-192.91M |
| Total Stockholders Equity | $1.39B | $1.32B |
| Total Liabilities & Equity | $2.07B | $1.79B |
Condensed Consolidated Statements of Cash Flows
| Description | Sep 30, 2025 | Sep 30, 2025 | ||
|---|---|---|---|---|
| Current | Prior Year | Current YTD | Prior Year YTD | |
| Net Income | $-1.10B | $-15.60M | $-1.02B | $-829.93M |
| Depreciation & Amortization | - | - | $9.54M | $6.11M |
| Stock-based Compensation | - | - | $1.15B | $947.40M |
| Change in Receivables | - | - | $25.53M | $7.35M |
| Change in Payables | - | - | $6.08M | $434.00K |
| Operating Cash Flow | - | - | $210.79M | $-134.81M |
| Capital Expenditure | - | - | $3.71M | $1.31M |
| Acquisitions | - | - | $21.00M | - |
| Purchases of Investments | - | - | $1.01B | $1.07B |
| Sales of Investments | - | - | $671.55M | $306.86M |
| Investing Cash Flow | - | - | $-294.45M | $-720.79M |
| Stock Issued | - | - | - | $418.97M |
| Stock Repurchased | - | - | - | $861.00K |
| Financing Cash Flow | - | - | $-55.67M | $1.24M |
| Net Change in Cash | - | - | $-139.32M | $-854.36M |
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.