$161.32M
Revenue
$-177.91M
Net Income
-
Gross Margin
-96.04%
Op. Margin
$-90.81M
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) |
|---|---|---|---|---|---|---|
| Total Revenue | $161.32M | $83.33M | $90.24M | $112.72M | $470.35M | $154.57M |
| Revenue Growth % | 93.6% | -7.7% | -19.9% | -76.0% | 204.3% | nan% |
| Cost of Revenue | - | $33.57M | $37.21M | $54.55M | $51.83M | $35.71M |
| Gross Profit | - | $49.76M | $53.03M | $58.18M | $418.51M | $118.85M |
| Gross Margin % | nan% | 59.7% | 58.8% | 51.6% | 89.0% | 76.9% |
| Operating Expenses | $316.25M | $316.67M | $358.37M | $375.60M | $310.37M | $273.80M |
| Research & Development | $219.07M | $208.52M | $232.27M | $242.45M | $181.44M | $166.29M |
| Operating Income | $-154.93M | $-233.35M | $-268.13M | $-262.88M | $159.98M | $-119.23M |
| Operating Margin % | -96.0% | -280.0% | -297.1% | -233.2% | 34.0% | -77.1% |
| Interest Expense | $42.15M | $12.66M | $6.86M | $23.25M | $26.28M | $771.00K |
| Other Income/Expense | $-22.98M | $6.24M | $4.48M | $-17.53M | $-18.73M | $13.22M |
| Income Before Tax | - | $-227.10M | $-263.65M | $-280.40M | $141.25M | $-106.01M |
| Income Tax Expense | - | - | $-152.00K | $-84.00K | $13.41M | $5.24M |
| Net Income | $-177.91M | $-227.10M | $-263.49M | $-280.32M | $127.84M | $-111.25M |
| Net Margin % | -110.3% | -272.5% | -292.0% | -248.7% | 27.2% | -72.0% |
| Basic EPS | -3.46 | -4.59 | -6.02 | -6.50 | 3.01 | -2.98 |
| Diluted EPS | -3.46 | -4.59 | -6.02 | -6.50 | 2.91 | -2.98 |
| Basic Shares Outstanding | 51.7M | 49.5M | 43.7M | 43.2M | 42.4M | 37.3M |
| Diluted Shares Outstanding | 51.7M | 49.5M | 43.7M | 43.2M | 43.9M | 37.3M |
| 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) |
|---|---|---|---|---|---|
| Cash & Cash Equivalents | $57.53M | $34.52M | $96.95M | $345.21M | $338.43M |
| Short-term Investments | $177.16M | $240.74M | $267.69M | $112.23M | $137.31M |
| Accounts Receivable | $20.47M | $24.79M | $28.08M | $32.44M | $43.00M |
| Other Current Assets | $13.77M | $20.40M | $9.35M | $10.20M | $1.95M |
| Total Current Assets | $278.00M | $334.97M | $415.98M | $518.83M | $531.20M |
| Property Plant & Equipment | $117.59M | $132.10M | $141.69M | $131.55M | $56.47M |
| Long-term Investments | $10.18M | $38.87M | $200.56M | $391.91M | $46.81M |
| Other Non-current Assets | $4.00M | $4.81M | $6.40M | $6.43M | $5.28M |
| Total Assets | $465.99M | $573.97M | $833.27M | $1.11B | $708.16M |
| Accounts Payable | $22.80M | $22.79M | $27.21M | $11.39M | $10.62M |
| Deferred Revenue | $115.00K | $148.00K | $1.83M | $3.33M | $449.00K |
| Total Current Liabilities | $103.19M | $130.27M | $130.43M | $130.47M | $81.45M |
| Other Non-current Liabilities | $3.63M | $6.25M | $8.83M | $745.00K | $524.00K |
| Total Liabilities | $206.34M | $262.23M | $317.07M | $349.61M | $330.41M |
| Common Stock | $5.00K | $4.00K | $4.00K | $4.00K | $4.00K |
| Retained Earnings | $-932.15M | $-705.05M | $-441.55M | $-161.23M | $-289.07M |
| Total Stockholders Equity | $259.65M | $311.74M | $516.20M | $764.30M | $377.75M |
| Total Liabilities & Equity | $465.99M | $573.97M | $833.27M | $1.11B | $708.16M |
| 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) |
|---|---|---|---|---|---|---|
| Net Income | $-171.83M | $-227.10M | $-263.49M | $-280.32M | $127.84M | $-111.25M |
| Depreciation & Amortization | $27.58M | $16.21M | $17.32M | $12.91M | $9.56M | $8.41M |
| Stock-based Compensation | $61.46M | $38.46M | $40.27M | $40.79M | $38.81M | $31.95M |
| Change in Receivables | $-1.81M | $-9.71M | $-3.94M | $-4.82M | $-14.12M | $9.90M |
| Operating Cash Flow | $-85.38M | $-173.12M | $-218.41M | $-207.49M | $218.88M | $-54.06M |
| Capital Expenditure | $5.42M | $2.44M | $9.96M | $30.72M | $84.17M | $26.87M |
| Purchases of Investments | $535.50M | $190.14M | $86.56M | $184.88M | $498.14M | $123.04M |
| Investing Cash Flow | $-64.08M | $103.45M | $190.94M | $-11.93M | $-406.64M | $122.76M |
| Financing Cash Flow | $246.26M | $92.68M | $-34.97M | $-28.84M | $195.25M | $200.21M |
| Net Change in Cash | $96.80M | $23.00M | $-62.43M | $-248.26M | $7.48M | $268.91M |
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 | $29.73M | $24.20M | $140.10M | $62.11M |
| Operating Expenses | $82.14M | $86.28M | $243.67M | $244.09M |
| Research & Development | $56.10M | $54.43M | $168.69M | $158.14M |
| Operating Income | $-52.41M | $-62.08M | $-103.56M | $-181.98M |
| Interest Expense | $13.17M | $820.00K | $32.73M | $3.24M |
| Other Income/Expense | $-9.53M | $2.48M | $-23.17M | $6.06M |
| Net Income | $-61.94M | $-59.60M | $-126.73M | $-175.92M |
| Basic EPS | -1.20 | -1.17 | -2.46 | -3.59 |
| Diluted EPS | -1.20 | -1.17 | -2.46 | -3.59 |
| Basic Shares Outstanding | $51.69M | $50.80M | $51.51M | $49.05M |
| Diluted Shares Outstanding | $51.69M | $50.80M | $51.51M | $49.05M |
Condensed Consolidated Balance Sheets
| Description | Sep 30, 2025 | Dec 31, 2024 |
|---|---|---|
| Cash & Cash Equivalents | $58.80M | $57.53M |
| Short-term Investments | $215.40M | $177.16M |
| Accounts Receivable | $25.35M | $20.47M |
| Other Current Assets | $19.47M | $13.77M |
| Total Current Assets | $331.97M | $278.00M |
| Property Plant & Equipment | $107.52M | $117.59M |
| Long-term Investments | $27.84M | $10.18M |
| Other Non-current Assets | $4.27M | $4.00M |
| Total Assets | $525.20M | $465.99M |
| Accounts Payable | $22.27M | $22.80M |
| Deferred Revenue | $13.20M | $115.00K |
| Total Current Liabilities | $124.57M | $103.19M |
| Other Non-current Liabilities | $648.00K | $3.63M |
| Total Liabilities | $363.75M | $206.34M |
| Common Stock | $5.00K | $5.00K |
| Retained Earnings | $-1.06B | $-932.15M |
| Total Stockholders Equity | $161.45M | $259.65M |
| Total Liabilities & Equity | $525.20M | $465.99M |
Condensed Consolidated Statements of Cash Flows
| Description | Sep 30, 2025 | Sep 30, 2025 | ||
|---|---|---|---|---|
| Current | Prior Year | Current YTD | Prior Year YTD | |
| Net Income | $-61.94M | $-59.60M | $-126.73M | $-175.92M |
| Depreciation & Amortization | - | - | $11.75M | $12.19M |
| Stock-based Compensation | - | - | $26.19M | $28.92M |
| Change in Receivables | - | - | $7.10M | $-1.57M |
| Operating Cash Flow | - | - | $-71.67M | $-141.50M |
| Capital Expenditure | - | - | $1.91M | $1.36M |
| Purchases of Investments | - | - | $269.82M | $173.92M |
| Investing Cash Flow | - | - | $-53.41M | $63.17M |
| Financing Cash Flow | - | - | $126.36M | $100.42M |
| Net Change in Cash | - | - | $1.28M | $22.09M |
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.