$74.68M
Revenue
$-644.76M
Net Income
4.99%
Gross Margin
-867.87%
Op. Margin
$-725.42M
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) |
|---|---|---|---|---|---|---|
| Total Revenue | $74.68M | $74.68M | $58.84M | $44.58M | $39.84M | $10.18M |
| Revenue Growth % | 0.0% | 26.9% | 32.0% | 11.9% | 291.5% | nan% |
| Cost of Revenue | $70.95M | $70.95M | $45.24M | $42.59M | $48.27M | - |
| Gross Profit | $3.73M | $3.73M | $13.60M | $1.99M | $-8.43M | $10.18M |
| Gross Margin % | 5.0% | 5.0% | 23.1% | 4.5% | -21.2% | 100.0% |
| Operating Expenses | $722.81M | $722.81M | $537.84M | $394.63M | $285.57M | $192.95M |
| Research & Development | $475.27M | $475.27M | $314.42M | $241.23M | $155.70M | $135.27M |
| Operating Income | $-648.13M | $-648.13M | $-479.00M | $-350.06M | $-245.73M | $-182.78M |
| Operating Margin % | -867.9% | -867.9% | -814.1% | -785.3% | -616.7% | -1795.8% |
| Interest Expense | - | $1.81M | $1.57M | $96.00K | $55.00K | $680.00K |
| Other Income/Expense | $3.24M | $3.24M | $14.22M | $17.93M | $6.25M | $-3.70M |
| Income Before Tax | $-644.89M | $-644.89M | $-464.79M | $-332.13M | $-239.48M | $-186.48M |
| Income Tax Expense | $-135.00K | $-136.00K | $-1.13M | $-4.06M | - | - |
| Net Income | $-644.76M | $-644.76M | $-463.66M | $-328.07M | $-239.48M | $-186.48M |
| Net Margin % | -863.4% | -863.4% | -788.0% | -736.0% | -601.0% | -1832.2% |
| Basic EPS | -1.44 | -1.44 | -1.69 | -1.58 | -1.36 | -1.49 |
| Diluted EPS | -1.44 | -1.44 | -1.69 | -1.58 | -1.36 | -1.49 |
| Basic Shares Outstanding | - | 447.4M | 274.2M | 207.9M | 175.5M | 125.3M |
| Diluted Shares Outstanding | - | 447.4M | 274.2M | 207.9M | 175.5M | 125.3M |
| 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) |
|---|---|---|---|---|---|
| Cash & Cash Equivalents | $743.29M | $594.35M | $391.56M | $549.91M | $285.12M |
| Short-term Investments | - | - | - | - | $231.45M |
| Accounts Receivable | - | - | - | - | $34.00K |
| Other Current Assets | $28.57M | $67.71M | $40.25M | $15.87M | $7.51M |
| Total Current Assets | $812.85M | $714.27M | $438.14M | $569.81M | $534.72M |
| Property Plant & Equipment | $103.93M | $141.06M | $86.51M | $88.19M | $64.72M |
| Goodwill | $162.16M | $148.87M | $52.06M | $801.00K | $801.00K |
| Intangible Assets | $309.90M | $335.86M | $36.44M | $1.31M | $1.39M |
| Other Non-current Assets | $12.75M | $8.82M | $261.00K | - | $35.00K |
| Total Assets | $1.47B | $1.45B | $653.70M | $701.29M | $610.35M |
| Accounts Payable | $18.12M | $21.61M | $3.95M | $4.59M | $2.82M |
| Accrued Liabilities | $70.23M | $81.87M | $46.63M | $32.90M | $32.33M |
| Deferred Revenue | $37.60M | $61.77M | $36.43M | $56.73M | $10.00M |
| Total Current Liabilities | $147.71M | $187.47M | $93.17M | $100.27M | $46.66M |
| Long-term Debt | $9.56M | $19.02M | $1.10M | - | - |
| Deferred Tax Liabilities | $23.25M | $16.57M | $1.34M | - | - |
| Other Non-current Liabilities | $2.08M | $4.73M | - | - | - |
| Total Liabilities | $343.26M | $413.82M | $190.26M | $215.48M | $67.41M |
| Common Stock | $5.00K | $4.00K | $2.00K | $2.00K | $2.00K |
| Retained Earnings | $-2.08B | $-1.43B | $-967.62M | $-639.56M | $-400.08M |
| Total Stockholders Equity | $1.13B | $1.03B | $463.44M | $485.81M | $542.94M |
| Total Liabilities & Equity | $1.47B | $1.45B | $653.70M | $701.29M | $610.35M |
| 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) |
|---|---|---|---|---|---|---|
| Net Income | $-847.25M | $-644.76M | $-463.66M | $-328.07M | $-239.48M | $-186.48M |
| Depreciation & Amortization | $146.21M | $83.70M | $36.49M | $24.40M | $11.76M | $8.40M |
| Stock-based Compensation | $209.50M | $111.22M | $81.69M | $53.50M | $27.91M | $14.84M |
| Deferred Income Tax | - | $-368.00K | $-1.63M | $-4.06M | - | - |
| Change in Receivables | - | - | - | - | - | $-114.00K |
| Change in Payables | $-69.00K | $-2.62M | $6.43M | $-987.00K | $1.77M | $1.75M |
| Operating Cash Flow | $-712.14M | $-371.81M | $-359.17M | $-287.78M | $-83.52M | $-158.61M |
| Capital Expenditure | $13.28M | $6.47M | $13.70M | $11.96M | $37.06M | $39.80M |
| Acquisitions | - | - | $-277.10M | $-1.84M | - | - |
| Purchases of Investments | $6.31M | $3.81M | - | - | - | - |
| Investing Cash Flow | $-37.22M | $-16.87M | $260.06M | $-10.23M | $193.25M | $-271.74M |
| Debt Repayment | - | - | - | $766.00K | $90.00K | $12.80M |
| Stock Issued | $710.91M | $528.86M | $300.42M | $128.09M | $143.71M | - |
| Financing Cash Flow | $700.25M | $521.53M | $304.12M | $140.13M | $154.34M | $458.54M |
| Net Change in Cash | $-12.15M | $150.90M | $201.60M | $-157.69M | $263.76M | $28.18M |
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-K filings.
Annual data represents full fiscal year results. FY = Fiscal Year ending.