$283.06M
Revenue
$287.20M
Net Income
88.46%
Gross Margin
37.06%
Op. Margin
$182.50M
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) |
FY 2020 (Dec 31, 2020) |
|---|---|---|---|---|---|---|---|
| Total Revenue | $283.06M | $283.06M | $235.13M | $175.51M | $134.03M | $45.60M | $50.12M |
| Revenue Growth % | 0.0% | 20.4% | 34.0% | 31.0% | 193.9% | -9.0% | nan% |
| Cost of Revenue | $32.66M | $32.66M | $28.25M | $14.15M | $5.66M | $1.09M | - |
| Gross Profit | $250.39M | $250.39M | $206.88M | $161.37M | $128.37M | $44.51M | $50.12M |
| Gross Margin % | 88.5% | 88.5% | 88.0% | 91.9% | 95.8% | 97.6% | 100.0% |
| Operating Expenses | $178.14M | $178.14M | $239.82M | $267.20M | $245.50M | $226.34M | $154.41M |
| Research & Development | $32.51M | $32.51M | $20.79M | $49.64M | $44.99M | $51.14M | $50.33M |
| Operating Income | $104.91M | $104.91M | $-4.69M | $-91.69M | $-111.47M | $-180.74M | $-104.29M |
| Operating Margin % | 37.1% | 37.1% | -2.0% | -52.2% | -83.2% | -396.3% | -208.1% |
| Interest Expense | $4.33M | $4.33M | $4.83M | $2.77M | - | - | - |
| Interest Income | $13.57M | $13.57M | $16.97M | $17.00M | $5.12M | - | - |
| Income Before Tax | $114.16M | $114.16M | $7.45M | $-77.47M | $-106.35M | $-180.21M | $-102.77M |
| Income Tax Expense | $-173.04M | $-173.04M | $1.70M | $551.00K | $1.83M | $760.00K | $-94.00K |
| Net Income | $287.20M | $287.20M | $5.75M | $-78.02M | $-108.18M | $-180.97M | $-102.68M |
| Net Margin % | 101.5% | 101.5% | 2.4% | -44.5% | -80.7% | -396.8% | -204.9% |
| Basic EPS | 2.14 | 2.14 | 0.04 | -0.54 | -0.76 | -1.40 | -0.87 |
| Diluted EPS | 2.07 | 2.07 | 0.04 | -0.54 | -0.76 | -1.40 | -0.87 |
| Basic Shares Outstanding | - | 134.4M | 143.1M | 143.2M | 141.9M | 129.4M | 118.5M |
| Diluted Shares Outstanding | - | 138.7M | 146.2M | 143.2M | 141.9M | 129.4M | 118.5M |
| 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) |
FY 2020 (Dec 31, 2020) |
|---|---|---|---|---|---|---|
| Cash & Cash Equivalents | $80.16M | $83.40M | $48.76M | $94.09M | $231.64M | $272.35M |
| Inventory | $45.69M | $39.23M | $39.70M | $24.75M | $19.33M | $13.93M |
| Other Current Assets | $1.08M | $1.13M | $1.03M | $1.33M | $796.00K | - |
| Total Current Assets | $491.97M | $446.60M | $424.80M | $442.54M | $513.32M | $419.43M |
| Property Plant & Equipment | $2.11M | $2.73M | $3.35M | $3.65M | $4.42M | $4.79M |
| Intangible Assets | $3.76M | $4.36M | $4.98M | $6.42M | $8.40M | $9.33M |
| Other Non-current Assets | $93.00K | $823.00K | $1.52M | $13.34M | $11.84M | $247.00K |
| Total Assets | $751.59M | $550.64M | $548.06M | $470.86M | $543.37M | $463.66M |
| Accounts Payable | $3.31M | $5.19M | $4.33M | - | - | - |
| Accrued Liabilities | $66.62M | $64.97M | $50.06M | - | - | - |
| Deferred Revenue | $3.72M | $11.00M | $4.81M | $3.15M | $190.00K | - |
| Other Current Liabilities | $2.48M | $1.53M | $2.39M | $2.03M | $4.64M | $6.12M |
| Total Current Liabilities | $93.72M | $97.76M | $77.19M | $46.11M | $40.65M | $32.00M |
| Other Non-current Liabilities | $6.70M | $11.11M | $10.91M | $12.17M | $15.95M | $1.59M |
| Total Liabilities | $170.26M | $173.17M | $170.11M | $65.42M | $64.28M | $55.91M |
| Retained Earnings | $-649.37M | $-936.57M | $-942.32M | $-864.30M | $-756.12M | $-575.16M |
| Total Stockholders Equity | $581.33M | $377.48M | $377.95M | $405.44M | $479.09M | $407.75M |
| Total Liabilities & Equity | $751.59M | $550.64M | $548.06M | $470.86M | $543.37M | $463.66M |
| 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) |
FY 2020 (Dec 31, 2020) |
|---|---|---|---|---|---|---|---|
| Net Income | $310.55M | $287.20M | $5.75M | $-78.02M | $-108.18M | $-180.97M | $-102.68M |
| Depreciation & Amortization | $34.02M | $19.45M | $19.45M | $11.65M | $2.71M | $2.76M | $1.37M |
| Stock-based Compensation | $13.30M | $14.68M | $31.60M | $45.31M | $32.30M | $31.24M | $17.45M |
| Deferred Income Tax | - | $-176.19M | - | - | - | - | - |
| Change in Receivables | $12.26M | $4.91M | $12.46M | $10.61M | $-1.93M | $15.41M | $650.00K |
| Change in Inventory | $20.70M | $6.46M | $-477.00K | $15.87M | $9.07M | $5.64M | $13.93M |
| Change in Payables | $-4.72M | $-1.87M | $860.00K | $1.24M | $-792.00K | - | - |
| Operating Cash Flow | $182.50M | $135.66M | $44.39M | $-33.46M | $-79.53M | $-157.69M | $-69.86M |
| Purchases of Investments | $856.05M | $526.65M | $545.83M | $523.50M | $523.99M | $438.96M | $202.95M |
| Investing Cash Flow | $16.02M | $-32.77M | $39.26M | $-6.71M | $-60.63M | $-103.87M | $-158.19M |
| Stock Issued | - | $756.00K | $1.08M | - | - | $196.74M | $187.73M |
| Stock Repurchased | $234.56M | $98.16M | $40.24M | - | - | - | - |
| Financing Cash Flow | $-249.18M | $-106.11M | $-49.09M | $-5.13M | $2.43M | $221.11M | $194.38M |
| Net Change in Cash | $-50.66M | $-3.22M | $34.56M | $-45.30M | $-137.73M | $-40.45M | $-33.67M |
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 | $73.47M | - | $205.94M | - |
| Cost of Revenue | $8.18M | - | $23.87M | - |
| Operating Expenses | $43.72M | - | $134.27M | - |
| Research & Development | $8.44M | - | $21.61M | - |
| Operating Income | $29.75M | - | $71.67M | - |
| Interest Expense | $1.10M | - | $3.28M | - |
| Interest Income | $3.32M | - | $10.07M | - |
| Income Before Tax | $31.96M | - | $78.47M | - |
| Income Tax Expense | $411.00K | - | $2.06M | - |
| Net Income | $31.55M | $722.00K | $76.41M | - |
| Basic EPS | 0.24 | - | 0.57 | - |
| Diluted EPS | 0.23 | - | 0.55 | - |
| Basic Shares Outstanding | $131.81M | - | $135.16M | - |
| Diluted Shares Outstanding | $136.01M | - | $138.96M | - |
Condensed Consolidated Balance Sheets
| Description | Sep 30, 2025 | Dec 31, 2024 |
|---|---|---|
| Cash & Cash Equivalents | $72.89M | - |
| Inventory | $44.79M | $39.23M |
| Other Current Assets | $301.00K | $1.13M |
| Total Current Assets | $438.74M | $446.60M |
| Property Plant & Equipment | $2.27M | $2.73M |
| Intangible Assets | $3.90M | $4.36M |
| Other Non-current Assets | $93.00K | $823.00K |
| Total Assets | $527.53M | $550.64M |
| Accounts Payable | $2.21M | $5.19M |
| Accrued Liabilities | $49.54M | $64.97M |
| Deferred Revenue | $4.60M | $11.00M |
| Other Current Liabilities | $2.50M | $1.53M |
| Total Current Liabilities | $76.22M | $97.76M |
| Total Liabilities | $161.76M | $173.17M |
| Retained Earnings | $-860.16M | $-936.57M |
| Total Stockholders Equity | $365.77M | $377.48M |
| Total Liabilities & Equity | $527.53M | $550.64M |
Condensed Consolidated Statements of Cash Flows
| Description | Sep 30, 2025 | Sep 30, 2025 | ||
|---|---|---|---|---|
| Current | Prior Year | Current YTD | Prior Year YTD | |
| Net Income | $31.55M | $722.00K | $76.41M | - |
| Depreciation & Amortization | - | - | $14.59M | - |
| Stock-based Compensation | - | - | $7.95M | - |
| Change in Receivables | - | - | $-5.82M | - |
| Change in Inventory | - | - | $5.57M | - |
| Change in Payables | - | - | $-2.97M | - |
| Operating Cash Flow | - | - | $89.99M | - |
| Purchases of Investments | - | - | $344.62M | - |
| Investing Cash Flow | - | - | $3.99M | - |
| Stock Issued | - | - | $401.00K | - |
| Stock Repurchased | - | - | $98.16M | - |
| Financing Cash Flow | - | - | $-104.22M | - |
| Net Change in Cash | - | - | $-10.24M | - |
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.