$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) |
|---|---|---|---|---|---|---|---|
| Total Revenue | $35.54M | $5.17M | $19.22M | $14.74M | $4.55M | $26.08M | $14.42M |
| Revenue Growth % (YoY) | 681.7% | -80.2% | 33.3% | nan% | nan% | nan% | nan% |
| Cost of Revenue | $14.28M | $14.69M | $20.16M | $21.83M | $12.79M | $12.08M | $9.20M |
| Gross Profit | $21.26M | $-9.51M | $-938.00K | $-7.08M | $-8.25M | $14.00M | $5.22M |
| Gross Margin % | 59.8% | -183.8% | -4.9% | -48.0% | -181.4% | 53.7% | 36.2% |
| Operating Expenses | $143.87M | $177.38M | $195.45M | $206.11M | $188.31M | $124.44M | $114.96M |
| Research & Development | $95.94M | $121.06M | $128.64M | $129.63M | $98.33M | $74.60M | $73.93M |
| Operating Income | $-108.33M | $-172.20M | $-176.23M | $-191.37M | $-183.77M | $-98.35M | $-100.54M |
| Operating Margin % | -304.8% | -3327.6% | -916.8% | -1297.9% | -4042.4% | -377.1% | -697.4% |
| Other Income/Expense | $232.00K | $9.95M | $4.33M | $-11.28M | $4.87M | $2.68M | $2.48M |
| Income Before Tax | $-108.10M | $-162.25M | $-171.90M | $-202.65M | $-178.90M | $-95.67M | $-98.06M |
| Income Tax Expense | $20.00K | $3.00K | - | $-158.00K | $7.00K | $167.00K | $-523.00K |
| Net Income | $-108.12M | $-162.25M | $-171.90M | $-202.49M | $-178.91M | $-95.84M | $-97.54M |
| Net Margin % | -304.2% | -3135.3% | -894.2% | -1373.3% | -3935.5% | -367.5% | -676.6% |
| Basic EPS | -0.17 | -0.36 | -0.41 | -0.50 | -0.57 | -0.34 | -0.40 |
| Diluted EPS | -0.17 | -0.36 | -0.41 | -0.50 | -0.57 | -0.34 | -0.40 |
| Basic Shares Outstanding | - | 447.0M | 417.4M | 402.8M | 20.8M | 282.6M | 242.2M |
| Diluted Shares Outstanding | - | 447.0M | 417.4M | 402.8M | 20.8M | 282.6M | 242.2M |
| 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) |
|---|---|---|---|---|---|---|---|
| Cash & Cash Equivalents | $743.29M | $659.84M | $525.11M | $500.45M | $594.35M | $427.65M | $474.34M |
| Other Current Assets | $28.57M | $29.22M | $37.34M | $32.02M | $67.71M | $42.72M | $43.73M |
| Total Current Assets | $812.85M | $714.11M | $587.16M | $584.14M | $714.27M | $474.17M | $522.38M |
| Property Plant & Equipment | $103.93M | $111.71M | $120.04M | $126.83M | $141.06M | $84.41M | $83.63M |
| Goodwill | $162.16M | $162.04M | $164.27M | $158.11M | $148.87M | $52.06M | $52.06M |
| Intangible Assets | $309.90M | $322.34M | $341.32M | $335.79M | $335.86M | $34.09M | $38.21M |
| Other Non-current Assets | $12.75M | $14.66M | $9.42M | $14.78M | $8.82M | $360.00K | $308.00K |
| Total Assets | $1.47B | $1.40B | $1.30B | $1.31B | $1.45B | $726.50M | $775.86M |
| Accounts Payable | $18.12M | $13.94M | $19.31M | $25.09M | $21.61M | $2.26M | $3.76M |
| Accrued Liabilities | $70.23M | $53.10M | $64.28M | $56.80M | $81.87M | $40.60M | $33.40M |
| Deferred Revenue | $37.60M | $47.36M | $39.69M | $39.65M | $61.77M | $49.58M | $32.20M |
| Total Current Liabilities | $147.71M | $155.10M | $164.03M | $141.98M | $187.47M | $108.89M | $86.08M |
| Long-term Debt | $9.56M | $11.90M | $14.20M | $16.45M | $19.02M | $20.51M | $22.92M |
| Deferred Tax Liabilities | $23.25M | $23.31M | $23.78M | $22.44M | $16.57M | $168.00K | - |
| 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 |
| Common Stock | $5.00K | $5.00K | $4.00K | $4.00K | $4.00K | $3.00K | $3.00K |
| Retained Earnings | $-2.08B | $-1.97B | $-1.81B | $-1.63B | $-1.43B | $-1.25B | $-1.16B |
| Total Stockholders Equity | $1.13B | $1.05B | $919.15M | $933.95M | $1.03B | $524.56M | $584.45M |
| Total Liabilities & Equity | $1.47B | $1.40B | $1.30B | $1.31B | $1.45B | $726.50M | $775.86M |
| 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) |
|---|---|---|---|---|---|---|---|
| Net Income | $-108.12M | $-162.25M | $-374.38M | $-202.49M | $-178.91M | $-284.75M | $-97.54M |
| Depreciation & Amortization | $19.48M | $64.22M | $43.18M | $19.33M | $12.95M | $23.54M | $16.34M |
| Stock-based Compensation | $23.76M | $87.46M | $62.22M | $36.06M | $30.78M | $50.90M | $32.65M |
| Change in Payables | $4.42M | $-7.04M | $-1.15M | $3.69M | $8.12M | $-1.69M | $-174.00K |
| Operating Cash Flow | $-46.07M | $-325.74M | $-208.38M | $-131.96M | $-115.43M | $-243.74M | $-184.52M |
| Capital Expenditure | $1.24M | $5.22M | $4.98M | $1.83M | $1.30M | $12.40M | $7.83M |
| Acquisitions | - | - | - | - | $-277.10M | - | - |
| 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 |
| Debt Repayment | - | - | - | - | - | - | $52.00K |
| Stock Issued | $133.38M | $395.48M | $141.02M | $41.02M | $11.03M | $289.39M | $272.42M |
| Financing Cash Flow | $132.01M | $389.53M | $138.19M | $40.53M | $10.64M | $293.48M | $277.02M |
| Net Change in Cash | $86.78M | $64.12M | $-69.18M | $-93.87M | $167.19M | $34.41M | $81.33M |
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.