$74.68M
Revenue
$-644.76M
Net Income
4.99%
Gross Margin
-867.87%
Op. Margin
$-725.42M
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) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | $35.54M | $5.17M | $19.22M | $14.74M | $4.55M | $26.08M | $14.42M | $13.79M | $10.89M | $10.53M | $11.02M | $12.13M | $13.68M | $13.16M |
| Revenue Growth % (YoY) | 681.7% | -80.2% | 33.3% | 6.9% | -58.3% | 147.6% | 30.9% | 13.7% | -20.4% | -20.0% | nan% | nan% | nan% | nan% |
| Cost of Revenue | $14.28M | $14.69M | $20.16M | $21.83M | $12.79M | $12.08M | $9.20M | $11.17M | $9.88M | $10.88M | $9.38M | $12.45M | $10.84M | $15.41M |
| Gross Profit | $21.26M | $-9.51M | $-938.00K | $-7.08M | $-8.25M | $14.00M | $5.22M | $2.63M | $1.01M | $-344.00K | $1.64M | $-314.00K | $2.84M | $-2.25M |
| Gross Margin % | 59.8% | -183.8% | -4.9% | -48.0% | -181.4% | 53.7% | 36.2% | 19.1% | 9.3% | -3.3% | 14.8% | -2.6% | 20.7% | -17.1% |
| Operating Expenses | $143.87M | $177.38M | $195.45M | $206.11M | $188.31M | $124.44M | $114.96M | $110.13M | $109.82M | $110.08M | $92.73M | $82.00M | $74.66M | $75.73M |
| Research & Development | $95.94M | $121.06M | $128.64M | $129.63M | $98.33M | $74.60M | $73.93M | $67.56M | $69.48M | $70.01M | $55.06M | $46.68M | $43.98M | $40.84M |
| Operating Income | $-108.33M | $-172.20M | $-176.23M | $-191.37M | $-183.77M | $-98.35M | $-100.54M | $-96.34M | $-98.93M | $-99.55M | $-81.72M | $-69.86M | $-60.98M | $-62.57M |
| Operating Margin % | -304.8% | -3327.6% | -916.8% | -1297.9% | -4042.4% | -377.1% | -697.4% | -698.4% | -908.4% | -945.1% | -741.7% | -575.8% | -445.9% | -475.5% |
| Interest Expense | - | - | - | - | - | - | - | - | $60.00K | $36.00K | $25.00K | $13.00K | $13.00K | $42.00K |
| Other Income/Expense | $232.00K | $9.95M | $4.33M | $-11.28M | $4.87M | $2.68M | $2.48M | $4.19M | $1.87M | $6.53M | $4.99M | $4.54M | $3.49M | $2.13M |
| Income Before Tax | $-108.10M | $-162.25M | $-171.90M | $-202.65M | $-178.90M | $-95.67M | $-98.06M | $-92.15M | $-97.06M | - | - | - | - | - |
| Income Tax Expense | $20.00K | $3.00K | - | $-158.00K | $7.00K | $167.00K | $-523.00K | $-779.00K | $-4.06M | - | - | - | - | - |
| Net Income | $-108.12M | $-162.25M | $-171.90M | $-202.49M | $-178.91M | $-95.84M | $-97.54M | $-91.37M | $-93.00M | $-93.02M | $-76.73M | $-65.33M | $-57.49M | $-60.45M |
| Net Margin % | -304.2% | -3135.3% | -894.2% | -1373.3% | -3935.5% | -367.5% | -676.6% | -662.4% | -853.9% | -883.1% | -696.4% | -538.4% | -420.4% | -459.3% |
| Basic EPS | -0.17 | -0.36 | -0.41 | -0.50 | -0.57 | -0.34 | -0.40 | -0.39 | -0.42 | -0.43 | -0.38 | -0.34 | -0.30 | -0.35 |
| Diluted EPS | -0.17 | -0.36 | -0.41 | -0.50 | -0.57 | -0.34 | -0.40 | -0.39 | -0.42 | -0.43 | -0.38 | -0.34 | -0.30 | -0.35 |
| Basic Shares Outstanding | - | 447.0M | 417.4M | 402.8M | 20.8M | 282.6M | 242.2M | 236.0M | 4.8M | 214.3M | 201.4M | 191.6M | 3.4M | 173.4M |
| Diluted Shares Outstanding | - | 447.0M | 417.4M | 402.8M | 20.8M | 282.6M | 242.2M | 236.0M | 4.8M | 214.3M | 201.4M | 191.6M | 3.4M | 173.4M |
| 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) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Cash Equivalents | $743.29M | $659.84M | $525.11M | $500.45M | $594.35M | $427.65M | $474.34M | $296.33M | $391.56M | $387.32M | $405.87M | $473.14M | $549.91M | $454.65M |
| Short-term Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Accounts Receivable | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Current Assets | $28.57M | $29.22M | $37.34M | $32.02M | $67.71M | $42.72M | $43.73M | $41.49M | $40.25M | $17.78M | $18.77M | $15.61M | $15.87M | $13.25M |
| Total Current Assets | $812.85M | $714.11M | $587.16M | $584.14M | $714.27M | $474.17M | $522.38M | $343.62M | $438.14M | $410.52M | $431.02M | $492.12M | $569.81M | $481.62M |
| Property Plant & Equipment | $103.93M | $111.71M | $120.04M | $126.83M | $141.06M | $84.41M | $83.63M | $86.72M | $86.51M | $86.25M | $89.77M | $90.00M | $88.19M | $85.78M |
| Goodwill | $162.16M | $162.04M | $164.27M | $158.11M | $148.87M | $52.06M | $52.06M | $52.06M | $52.06M | $52.75M | $60.52M | $801.00K | $801.00K | $801.00K |
| Intangible Assets | $309.90M | $322.34M | $341.32M | $335.79M | $335.86M | $34.09M | $38.21M | $33.08M | $36.44M | $39.46M | $42.76M | $1.32M | $1.31M | $1.46M |
| Other Non-current Assets | $12.75M | $14.66M | $9.42M | $14.78M | $8.82M | $360.00K | $308.00K | $254.00K | $261.00K | $155.00K | $110.00K | $82.00K | - | - |
| Total Assets | $1.47B | $1.40B | $1.30B | $1.31B | $1.45B | $726.50M | $775.86M | $557.85M | $653.70M | $630.83M | $666.70M | $627.37M | $701.29M | $611.53M |
| Accounts Payable | $18.12M | $13.94M | $19.31M | $25.09M | $21.61M | $2.26M | $3.76M | $5.12M | $3.95M | $4.26M | $2.09M | $4.25M | $4.59M | $3.89M |
| Accrued Liabilities | $70.23M | $53.10M | $64.28M | $56.80M | $81.87M | $40.60M | $33.40M | $26.07M | $46.63M | $39.81M | $32.87M | $25.04M | $32.90M | $26.76M |
| Deferred Revenue | $37.60M | $47.36M | $39.69M | $39.65M | $61.77M | $49.58M | $32.20M | $36.62M | $36.43M | $44.00M | $73.11M | $57.76M | $56.73M | $46.75M |
| Total Current Liabilities | $147.71M | $155.10M | $164.03M | $141.98M | $187.47M | $108.89M | $86.08M | $73.92M | $93.17M | $94.12M | $113.96M | $92.15M | $100.27M | $83.04M |
| Long-term Debt | $9.56M | $11.90M | $14.20M | $16.45M | $19.02M | $20.51M | $22.92M | - | $1.10M | - | - | - | - | - |
| Deferred Tax Liabilities | $23.25M | $23.31M | $23.78M | $22.44M | $16.57M | $168.00K | - | $528.00K | $1.34M | $1.93M | $4.34M | - | - | - |
| Other Non-current Liabilities | $2.08M | $1.03M | $1.56M | $4.79M | $4.73M | $3.00M | $3.00M | - | - | - | - | - | - | - |
| Total Liabilities | $343.26M | $352.58M | $383.21M | $371.29M | $413.82M | $201.94M | $191.41M | $156.70M | $190.26M | $192.86M | $197.74M | $197.19M | $215.48M | $223.50M |
| Common Stock | $5.00K | $5.00K | $4.00K | $4.00K | $4.00K | $3.00K | $3.00K | $2.00K | $2.00K | $2.00K | $2.00K | $2.00K | $2.00K | $2.00K |
| Retained Earnings | $-2.08B | $-1.97B | $-1.81B | $-1.63B | $-1.43B | $-1.25B | $-1.16B | $-1.06B | $-967.62M | $-874.63M | $-781.61M | $-704.88M | $-639.56M | $-582.06M |
| Total Stockholders Equity | $1.13B | $1.05B | $919.15M | $933.95M | $1.03B | $524.56M | $584.45M | $401.15M | $463.44M | $437.97M | $468.96M | $430.18M | $485.81M | $388.03M |
| Total Liabilities & Equity | $1.47B | $1.40B | $1.30B | $1.31B | $1.45B | $726.50M | $775.86M | $557.85M | $653.70M | $630.83M | $666.70M | $627.37M | $701.29M | $611.53M |
| 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) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $-108.12M | $-162.25M | $-374.38M | $-202.49M | $-178.91M | $-284.75M | $-97.54M | $-91.37M | $-93.00M | $-93.02M | $-76.73M | $-65.33M | $-57.49M | $-181.98M |
| Depreciation & Amortization | $19.48M | $64.22M | $43.18M | $19.33M | $12.95M | $23.54M | $16.34M | $7.38M | $7.55M | $16.85M | $9.27M | $3.73M | $3.21M | $8.54M |
| Stock-based Compensation | $23.76M | $87.46M | $62.22M | $36.06M | $30.78M | $50.90M | $32.65M | $16.13M | $16.09M | $37.42M | $20.62M | $8.81M | $7.70M | $20.21M |
| Change in Payables | $4.42M | $-7.04M | $-1.15M | $3.69M | $8.12M | $-1.69M | $-174.00K | $1.17M | $-317.00K | $-670.00K | $-2.86M | $-339.00K | $695.00K | $1.07M |
| Operating Cash Flow | $-46.07M | $-325.74M | $-208.38M | $-131.96M | $-115.43M | $-243.74M | $-184.52M | $-102.30M | $-74.08M | $-213.70M | $-140.78M | $-73.32M | $-44.75M | $-38.78M |
| Capital Expenditure | $1.24M | $5.22M | $4.98M | $1.83M | $1.30M | $12.40M | $7.83M | $6.65M | $2.07M | $9.89M | $9.14M | $5.17M | $7.98M | $29.08M |
| Acquisitions | - | - | - | - | $-277.10M | - | - | - | $71.00K | $-1.92M | $-1.92M | - | - | - |
| Purchases of Investments | - | $3.81M | $1.50M | $1.00M | - | - | - | - | - | - | - | - | - | - |
| Investing Cash Flow | $-1.24M | $-15.63M | $-13.08M | $-7.27M | $275.46M | $-15.40M | $-10.84M | $-6.65M | $-2.49M | $-7.74M | $-7.39M | $-5.34M | $-7.98M | $201.23M |
| Debt Repayment | - | - | - | - | - | - | $52.00K | $26.00K | $694.00K | $72.00K | $48.00K | $24.00K | $23.00K | $67.00K |
| Stock Issued | $133.38M | $395.48M | $141.02M | $41.02M | $11.03M | $289.39M | $272.42M | $10.87M | $78.09M | - | - | - | - | - |
| Financing Cash Flow | $132.01M | $389.53M | $138.19M | $40.53M | $10.64M | $293.48M | $277.02M | $13.90M | $80.66M | $59.47M | $5.71M | $1.92M | $147.26M | $7.09M |
| Net Change in Cash | $86.78M | $64.12M | $-69.18M | $-93.87M | $167.19M | $34.41M | $81.33M | $-95.28M | $4.22M | $-161.91M | $-142.29M | $-76.74M | $94.22M | $169.54M |
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 | $5.17M | $26.08M | $39.14M | $54.29M |
| Cost of Revenue | $14.69M | $12.08M | $56.68M | $32.44M |
| Operating Expenses | $177.38M | $124.44M | $578.94M | $349.53M |
| Research & Development | $121.06M | $74.60M | $379.33M | $216.09M |
| Operating Income | $-172.20M | $-98.35M | $-539.80M | $-295.24M |
| Other Income/Expense | $9.95M | $2.68M | $3.00M | $9.35M |
| Income Before Tax | $-162.25M | $-95.67M | $-536.79M | $-285.89M |
| Income Tax Expense | $3.00K | $167.00K | $-156.00K | $-1.13M |
| Net Income | $-162.25M | $-95.84M | $-536.64M | $-284.75M |
| Basic EPS | -0.36 | -0.34 | -1.27 | -1.12 |
| Diluted EPS | -0.36 | -0.34 | -1.27 | -1.12 |
| Basic Shares Outstanding | $446.99M | $282.58M | $422.64M | $253.45M |
| Diluted Shares Outstanding | $446.99M | $282.58M | $422.64M | $253.45M |
Condensed Consolidated Balance Sheets
| Description | Sep 30, 2025 | Dec 31, 2024 |
|---|---|---|
| Cash & Cash Equivalents | $659.84M | $594.35M |
| Other Current Assets | $29.22M | $38.11M |
| Total Current Assets | $714.11M | $714.27M |
| Property Plant & Equipment | $111.71M | $141.06M |
| Goodwill | $162.04M | $148.87M |
| Intangible Assets | $322.34M | $335.86M |
| Other Non-current Assets | $14.66M | $8.82M |
| Total Assets | $1.40B | $1.45B |
| Accounts Payable | $13.94M | $21.61M |
| Accrued Liabilities | $53.10M | $81.87M |
| Deferred Revenue | $47.36M | $61.77M |
| Total Current Liabilities | $155.10M | $187.47M |
| Long-term Debt | $11.90M | $19.02M |
| Deferred Tax Liabilities | $23.31M | $16.57M |
| Other Non-current Liabilities | $1.03M | $4.73M |
| Total Liabilities | $352.58M | $413.82M |
| Common Stock | $5.00K | $4.00K |
| Retained Earnings | $-1.97B | $-1.43B |
| Total Stockholders Equity | $1.05B | $1.03B |
| Total Liabilities & Equity | $1.40B | $1.45B |
Condensed Consolidated Statements of Cash Flows
| Description | Sep 30, 2025 | Sep 30, 2025 | ||
|---|---|---|---|---|
| Current | Prior Year | Current YTD | Prior Year YTD | |
| Net Income | $-162.25M | $-95.84M | $-536.64M | $-284.75M |
| Depreciation & Amortization | - | - | $64.22M | $23.54M |
| Stock-based Compensation | - | - | $87.46M | $50.90M |
| Change in Payables | - | - | $-7.04M | $-1.69M |
| Operating Cash Flow | - | - | $-325.74M | $-243.74M |
| Capital Expenditure | - | - | $5.22M | $12.40M |
| Purchases of Investments | - | - | $3.81M | - |
| Investing Cash Flow | - | - | $-15.63M | $-15.40M |
| Stock Issued | - | - | $395.48M | $289.39M |
| Financing Cash Flow | - | - | $389.53M | $293.48M |
| Net Change in Cash | - | - | $64.12M | $34.41M |
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.