$283.06M
Revenue
$287.20M
Net Income
88.46%
Gross Margin
37.06%
Op. Margin
$182.50M
Free Cash Flow
| Breakdown | Q4 2025 (Dec 31, 2025) |
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) |
Q2 2022 (Jun 30, 2022) |
Q1 2022 (Mar 31, 2022) |
Q4 2021 (Dec 31, 2021) |
Q3 2021 (Sep 30, 2021) |
Q2 2021 (Jun 30, 2021) |
Q1 2021 (Mar 31, 2021) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | $77.11M | $73.47M | $70.01M | $62.47M | $59.87M | $67.77M | $57.19M | $50.30M | $45.09M | $54.52M | $41.49M | $34.41M | $28.43M | $55.78M | $28.19M | $21.62M | $23.40M | $14.67M | $6.62M | $914.00K |
| Revenue Growth % (YoY) | 28.8% | 8.4% | 22.4% | 24.2% | 32.8% | 24.3% | 37.8% | 46.2% | 58.6% | -2.3% | 47.2% | 59.1% | 21.5% | 280.3% | 325.8% | 2266.0% | nan% | nan% | nan% | nan% |
| Cost of Revenue | $8.80M | $8.18M | $7.12M | $8.57M | $5.55M | $6.04M | $8.91M | $7.75M | $5.39M | $6.77M | $1.56M | $421.00K | $1.36M | $2.45M | $1.60M | $256.00K | $481.00K | $254.00K | $308.00K | $48.00K |
| Gross Profit | $68.31M | $65.29M | $62.89M | $53.89M | $54.31M | $61.74M | $48.28M | $42.55M | $39.70M | $47.75M | $39.93M | $33.99M | $27.07M | $53.33M | $26.59M | $21.37M | $22.92M | $14.41M | $6.31M | $866.00K |
| Gross Margin % | 88.6% | 88.9% | 89.8% | 86.3% | 90.7% | 91.1% | 84.4% | 84.6% | 88.0% | 87.6% | 96.2% | 98.8% | 95.2% | 95.6% | 94.3% | 98.8% | 97.9% | 98.3% | 95.3% | 94.7% |
| Operating Expenses | $43.88M | $43.72M | $49.92M | $40.62M | $61.54M | $56.02M | $58.70M | $63.56M | $74.77M | $70.78M | $57.66M | $63.99M | $56.53M | $65.28M | $64.18M | $59.51M | $56.11M | $65.02M | $53.75M | $51.46M |
| Research & Development | $10.89M | $8.44M | $7.43M | $5.74M | $8.11M | $3.05M | $4.08M | $5.55M | $10.23M | $13.61M | $12.65M | $13.16M | $9.87M | $10.97M | $11.53M | $12.62M | $11.15M | $20.07M | $10.09M | $9.83M |
| Operating Income | $33.24M | $29.75M | $20.08M | $21.85M | $-1.67M | $11.75M | $-1.51M | $-13.25M | $-29.67M | $-16.26M | $-16.17M | $-29.58M | $-28.10M | $-9.50M | $-35.99M | $-37.88M | $-32.70M | $-50.35M | $-47.13M | $-50.54M |
| Operating Margin % | 43.1% | 40.5% | 28.7% | 35.0% | -2.8% | 17.3% | -2.6% | -26.3% | -65.8% | -29.8% | -39.0% | -86.0% | -98.8% | -17.0% | -127.7% | -175.2% | -139.7% | -343.3% | -712.0% | -5529.9% |
| Interest Expense | $1.05M | $1.10M | $1.12M | $1.07M | $1.15M | $1.21M | $1.20M | $1.28M | $1.31M | $1.40M | $65.00K | - | - | - | - | - | - | - | - | - |
| Interest Income | $3.50M | $3.32M | $3.19M | $3.57M | $3.99M | $4.27M | - | - | $4.57M | - | - | - | - | - | - | - | - | - | - | - |
| Income Before Tax | $35.69M | $31.96M | $22.16M | $24.35M | $1.17M | $14.81M | $1.48M | $-10.01M | $-26.42M | $-13.15M | $-12.13M | $-25.77M | $-25.19M | $-8.04M | $-35.51M | $-37.62M | $-32.60M | $-50.25M | $-46.99M | $-50.37M |
| Income Tax Expense | $-175.10M | $411.00K | $643.00K | $1.00M | $-256.00K | $457.00K | $756.00K | $739.00K | $459.00K | $298.00K | $-642.00K | $436.00K | $855.00K | $954.00K | $9.00K | $10.00K | $726.00K | $8.00K | $18.00K | $8.00K |
| Net Income | $210.79M | $31.55M | $21.51M | $23.34M | $1.43M | $14.35M | $722.00K | $-10.75M | $-26.88M | $-13.45M | $-11.49M | $-26.21M | $-26.05M | $-8.99M | $-35.52M | $-37.63M | $-33.32M | $-50.26M | $-47.01M | $-50.38M |
| Net Margin % | 273.4% | 42.9% | 30.7% | 37.4% | 2.4% | 21.2% | 1.3% | -21.4% | -59.6% | -24.7% | -27.7% | -76.2% | -91.6% | -16.1% | -126.0% | -174.0% | -142.4% | -342.6% | -710.1% | -5511.9% |
| Basic EPS | 1.57 | 0.24 | 0.16 | 0.17 | 0.01 | 0.10 | 0.01 | -0.07 | -0.18 | -0.09 | -0.08 | -0.18 | -0.18 | -0.06 | -0.25 | -0.27 | -0.25 | -0.39 | -0.37 | nan |
| Diluted EPS | 1.52 | 0.23 | 0.16 | 0.16 | 0.01 | 0.10 | 0.01 | -0.07 | -0.18 | -0.09 | -0.08 | -0.18 | -0.18 | -0.06 | -0.25 | -0.27 | -0.25 | -0.39 | -0.37 | nan |
| Basic Shares Outstanding | - | 131.8M | 134.9M | 138.9M | -296K | 143.1M | 143.3M | 144.0M | 151K | 142.8M | 142.8M | 142.6M | 84K | 141.9M | 141.7M | 141.7M | 1.3M | 128.4M | 128.2M | - |
| Diluted Shares Outstanding | - | 136.0M | 137.5M | 143.2M | 1.2M | 145.7M | 144.1M | 144.0M | 151K | 142.8M | 142.8M | 142.6M | 84K | 141.9M | 141.7M | 141.7M | 1.3M | 128.4M | 128.2M | - |
| Breakdown | Q4 2025 (Dec 31, 2025) |
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) |
Q2 2022 (Jun 30, 2022) |
Q1 2022 (Mar 31, 2022) |
Q4 2021 (Dec 31, 2021) |
Q3 2021 (Sep 30, 2021) |
Q2 2021 (Jun 30, 2021) |
Q1 2021 (Mar 31, 2021) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Cash Equivalents | $80.16M | $72.89M | $52.91M | $66.11M | $83.40M | $36.63M | $33.27M | $63.91M | $48.76M | $45.56M | $81.39M | $88.33M | $94.09M | $85.34M | $151.41M | $131.64M | $231.64M | $57.59M | $121.56M | $156.59M |
| Inventory | $45.69M | $44.79M | $46.50M | $46.20M | $39.23M | $38.71M | $38.85M | $39.76M | $39.70M | $32.82M | $33.16M | $31.75M | $24.75M | $25.32M | $25.86M | $26.27M | $19.33M | $19.29M | $17.38M | $15.94M |
| Other Current Assets | $1.08M | $301.00K | $665.00K | $781.00K | $1.13M | $2.70M | $6.98M | $2.00M | $1.03M | $1.65M | $1.21M | $1.23M | $1.33M | $3.81M | - | - | $796.00K | - | - | - |
| Total Current Assets | $491.97M | $438.74M | $408.97M | $405.76M | $446.60M | $440.46M | $409.67M | $398.22M | $424.80M | $426.47M | $415.91M | $423.65M | $442.54M | $459.70M | $453.19M | $477.62M | $513.32M | $329.22M | $349.69M | $372.25M |
| Property Plant & Equipment | $2.11M | $2.27M | $2.42M | $2.58M | $2.73M | $2.89M | $3.04M | $3.20M | $3.35M | $3.50M | $3.65M | $3.84M | $3.65M | $3.76M | $4.18M | $4.33M | $4.42M | $4.55M | $4.81M | $4.76M |
| Intangible Assets | $3.76M | $3.90M | $4.05M | $4.16M | $4.36M | $4.51M | $4.62M | $4.76M | $4.98M | $5.26M | $5.68M | $6.10M | $6.42M | $6.84M | $7.34M | $7.88M | $8.40M | $8.93M | $9.29M | $9.85M |
| Other Non-current Assets | $93.00K | $93.00K | $93.00K | $823.00K | $823.00K | $868.00K | $867.00K | $1.50M | $1.52M | $1.52M | $1.52M | $13.36M | $13.34M | $13.05M | $12.36M | $11.84M | $11.84M | $11.84M | $11.86M | $11.86M |
| Total Assets | $751.59M | $527.53M | $502.56M | $504.85M | $550.64M | $549.36M | $523.53M | $516.63M | $548.06M | $555.01M | $548.90M | $451.76M | $470.86M | $488.29M | $482.15M | $506.90M | $543.37M | $360.07M | $386.27M | $417.08M |
| Accounts Payable | $3.31M | $2.21M | $3.31M | $4.22M | $5.19M | - | - | - | $4.33M | - | - | - | - | - | - | - | - | - | - | - |
| Accrued Liabilities | $66.62M | $49.54M | $49.70M | $42.35M | $64.97M | - | - | - | $50.06M | - | - | - | - | - | - | - | - | - | - | - |
| Deferred Revenue | $3.72M | $4.60M | $5.50M | $4.59M | $11.00M | $4.30M | $4.37M | $4.91M | $4.81M | $4.66M | $3.23M | $3.16M | $3.15M | - | - | - | $190.00K | - | - | - |
| Other Current Liabilities | $2.48M | $2.50M | $2.54M | $1.70M | $1.53M | $1.59M | $1.16M | $1.15M | $2.39M | $2.61M | $2.09M | $1.98M | $2.03M | $724.00K | $1.29M | $502.00K | $4.64M | $6.46M | $2.37M | $2.38M |
| Total Current Liabilities | $93.72M | $76.22M | $78.27M | $68.41M | $97.76M | $78.61M | $76.90M | $71.05M | $77.19M | $73.89M | $61.66M | $42.05M | $46.11M | $41.77M | $34.63M | $33.84M | $40.65M | $37.54M | $29.32M | $21.15M |
| Other Non-current Liabilities | $6.70M | - | - | - | $11.11M | $10.84M | $10.94M | $12.29M | $10.91M | $10.34M | $8.71M | $12.32M | $12.17M | $15.83M | $16.32M | $17.38M | $15.95M | $16.56M | $16.87M | $17.89M |
| Total Liabilities | $170.26M | $161.76M | $167.26M | $154.66M | $173.17M | $161.36M | $158.91M | $157.16M | $170.11M | $163.14M | $156.61M | $61.35M | $65.42M | $64.87M | $58.38M | $58.78M | $64.28M | $61.89M | $54.01M | $46.85M |
| Retained Earnings | $-649.37M | $-860.16M | $-891.71M | $-913.23M | $-936.57M | $-938.00M | $-952.35M | $-953.07M | $-942.32M | $-915.45M | $-902.00M | $-890.51M | $-864.30M | $-838.26M | $-829.27M | $-793.75M | $-756.12M | $-722.80M | $-672.54M | $-625.53M |
| Total Stockholders Equity | $581.33M | $365.77M | $335.30M | $350.19M | $377.48M | $388.00M | $364.62M | $359.48M | $377.95M | $391.88M | $392.29M | $390.41M | $405.44M | $423.43M | $423.77M | $448.12M | $479.09M | $298.17M | $332.26M | $370.23M |
| Total Liabilities & Equity | $751.59M | $527.53M | $502.56M | $504.85M | $550.64M | $549.36M | $523.53M | $516.63M | $548.06M | $555.01M | $548.90M | $451.76M | $470.86M | $488.29M | $482.15M | $506.90M | $543.37M | $360.07M | $386.27M | $417.08M |
| Breakdown | Q4 2025 (Dec 31, 2025) |
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) |
Q2 2022 (Jun 30, 2022) |
Q1 2022 (Mar 31, 2022) |
Q4 2021 (Dec 31, 2021) |
Q3 2021 (Sep 30, 2021) |
Q2 2021 (Jun 30, 2021) |
Q1 2021 (Mar 31, 2021) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $210.79M | $31.55M | $44.86M | $23.34M | $1.43M | $4.32M | $722.00K | $-10.75M | $-26.88M | $-51.15M | $-11.49M | $-26.21M | $-26.05M | $-8.99M | $-35.52M | $-37.63M | $-33.32M | $-50.26M | $-97.39M | $-50.38M |
| Depreciation & Amortization | $4.86M | $14.59M | $9.72M | $4.86M | $4.86M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Stock-based Compensation | $6.73M | $7.95M | $2.03M | $-3.41M | $8.95M | $22.65M | $14.32M | $5.74M | $11.77M | $33.54M | $21.73M | $9.47M | $6.90M | $25.40M | $17.08M | $7.02M | $8.58M | $22.67M | $15.57M | $7.82M |
| Change in Receivables | $10.73M | $-5.82M | $3.55M | $3.81M | $61.00K | $12.39M | $1.43M | $4.82M | $-13.86M | $24.46M | $6.02M | $5.56M | $-28.28M | $26.36M | $2.76M | $4.99M | $5.60M | $9.81M | $4.42M | $1.19M |
| Change in Inventory | $897.00K | $5.57M | $7.28M | $6.97M | $514.00K | $-991.00K | $-852.00K | $56.00K | $6.88M | $8.98M | $8.40M | $6.99M | $614.00K | $8.46M | $7.95M | $6.94M | $278.00K | $5.37M | $3.45M | $2.01M |
| Change in Payables | $1.10M | $-2.97M | $-1.88M | $-974.00K | $-3.69M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Operating Cash Flow | $45.67M | $89.99M | $45.54M | $1.30M | $30.11M | $14.27M | $-2.75M | $-18.60M | $14.31M | $-47.77M | $-34.50M | $-31.67M | $10.45M | $-89.98M | $-74.62M | $-46.75M | $-25.92M | $-131.77M | $-91.52M | $-53.54M |
| Purchases of Investments | $182.03M | $344.62M | $237.41M | $91.99M | $84.69M | $461.14M | $318.13M | $121.26M | $144.29M | $379.21M | $256.44M | $142.40M | $120.81M | $403.18M | $232.96M | $163.50M | $96.13M | $342.83M | $216.99M | $115.17M |
| Investing Cash Flow | $-36.76M | $3.99M | $17.76M | $31.03M | $39.22M | $39.00K | $10.61M | $49.23M | $-6.26M | $-449.00K | $19.25M | $24.86M | $-3.02M | $-57.61M | $-7.40M | $-53.02M | $-5.49M | $-98.38M | $-65.58M | $-67.25M |
| Stock Issued | $355.00K | $401.00K | $401.00K | - | $381.00K | - | - | - | - | - | - | - | - | - | - | - | $196.74M | - | - | - |
| Stock Repurchased | - | $98.16M | $89.48M | $46.92M | $21.80M | $18.43M | $18.43M | $12.30M | - | - | - | - | - | - | - | - | - | - | - | - |
| Financing Cash Flow | $-1.89M | $-104.22M | $-93.73M | $-49.34M | $-23.05M | $-26.05M | $-23.32M | $-15.05M | $-5.58M | $447.00K | $2.78M | $1.64M | $688.00K | $1.75M | $1.75M | $405.00K | $205.72M | $15.39M | $6.31M | $5.03M |
| Net Change in Cash | $7.02M | $-10.24M | $-30.43M | $-17.00M | $46.29M | $-11.73M | $-15.47M | $15.58M | $2.48M | $-47.77M | $-12.46M | $-5.17M | $8.12M | $-145.85M | $-80.27M | $-99.36M | $174.31M | $-214.76M | $-150.79M | $-115.76M |
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-Q filings.
Quarterly data represents single quarter results (Q1-Q4). Some items may show year-to-date values if quarterly breakdown is unavailable.