-
Revenue
$-990.73M
Net Income
-
Gross Margin
-
Op. Margin
$-7.43B
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) |
FY 2019 (Dec 31, 2019) |
FY 2018 (Dec 31, 2018) |
FY 2017 (Dec 31, 2017) |
FY 2016 (Dec 31, 2016) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | - | - | - | - | - | - | - | - | - | - | - |
| Revenue Growth % | nan% | nan% | nan% | nan% | nan% | nan% | nan% | nan% | nan% | nan% | nan% |
| Operating Expenses | $225.93M | $225.93M | $171.07M | $122.67M | $54.48M | $19.51M | $22.01M | $35.00M | $43.02M | $35.64M | $8.50M |
| Research & Development | $8.01M | $8.01M | $8.26M | $4.89M | $4.10M | - | - | - | - | - | - |
| Operating Income | $-225.93M | $-225.93M | $-171.07M | $-122.67M | $-54.48M | $-19.51M | $-22.01M | $-35.00M | $-43.02M | $-35.64M | $-689.57K |
| Operating Margin % | nan% | nan% | nan% | nan% | nan% | nan% | nan% | nan% | nan% | nan% | nan% |
| Interest Expense | $170.01M | $170.01M | $87.54M | $50.28M | - | - | - | - | - | - | - |
| Other Income/Expense | $7.45M | $7.45M | $-1.17M | $5.65M | $151.00K | $-1.00K | $-18.00K | $69.00K | $-128.00K | $-31.00K | $63.00K |
| Net Income | $-990.73M | $-429.64M | $277.45M | $-221.64M | $-60.07M | $-22.04M | $-14.33M | $-35.87M | $-41.96M | $-35.33M | $-434.70K |
| Net Margin % | nan% | nan% | nan% | nan% | nan% | nan% | nan% | nan% | nan% | nan% | nan% |
| Basic EPS | nan | -1.17 | -0.24 | -0.94 | -0.65 | -0.34 | nan | nan | nan | nan | nan |
| Diluted EPS | nan | -1.17 | -0.24 | -0.94 | -0.65 | nan | nan | nan | nan | nan | nan |
| Basic Shares Outstanding | - | 262.2M | 258.5M | 194.6M | 130.1M | 119.2M | - | - | - | - | - |
| Diluted Shares Outstanding | - | 262.2M | 258.5M | 194.6M | 130.1M | - | - | - | - | - | - |
| 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) |
FY 2019 (Dec 31, 2019) |
FY 2018 (Dec 31, 2018) |
FY 2017 (Dec 31, 2017) |
FY 2016 (Dec 31, 2016) |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Cash Equivalents | $143.78M | $148.14M | $38.24M | $62.79M | $25.55M | $22.61M | $15.74M | $3.17M | $35.70M | $23.86K |
| Other Current Assets | $10.96M | $19.81M | $2.09M | $1.15M | $835.00K | $670.00K | $859.00K | $1.31M | $2.10M | $1.10M |
| Total Current Assets | $718.05M | $412.57M | $314.52M | $63.94M | $26.39M | $23.28M | $78.80M | $76.93M | $42.87M | $44.28K |
| Property Plant & Equipment | $10.57B | $5.02B | $2.44B | $218.65M | $173.82M | $161.66M | $134.59M | $92.07M | $73.23M | $56.23M |
| Other Non-current Assets | $21.65M | $15.56M | $11.02M | $28.37M | $21.31M | $16.30M | $6.75M | - | - | $349.00K |
| Total Assets | $12.43B | $6.40B | $3.32B | $312.43M | $222.10M | $201.67M | $221.19M | $169.00M | $116.09M | $117.55M |
| Accounts Payable | $443.95M | $244.64M | $243.13M | $1.08M | $281.00K | $207.00K | $11.91M | $719.00K | $726.00K | $130.90K |
| Accrued Liabilities | $888.20M | $347.56M | $299.26M | $23.18M | - | - | - | - | - | - |
| Total Current Liabilities | $1.34B | $595.08M | $552.39M | $25.36M | $8.23M | $5.14M | $21.54M | $12.09M | $8.40M | $130.90K |
| Long-term Debt | $8.83B | $3.92B | $1.82B | - | - | - | - | - | - | - |
| Other Non-current Liabilities | - | - | - | $23.00M | $23.00M | $22.92M | - | - | - | - |
| Total Liabilities | $10.12B | $4.66B | $2.58B | $55.62M | $33.81M | $28.93M | $33.58M | $19.53M | $13.00M | $4.52M |
| Common Stock | - | - | - | $14.00K | $12.00K | $12.00K | $12.00K | $11.00K | $11.00K | $451.00 |
| Retained Earnings | $-759.96M | $-453.52M | $-391.77M | $-230.14M | $-170.07M | $-148.03M | $-133.70M | $-97.62M | $-55.62M | $-699.21K |
| Treasury Stock | $37.86M | $20.92M | $14.21M | $4.59M | $1.31M | $1.03M | $685.00K | $35.00K | - | - |
| Total Stockholders Equity | $95.34M | $377.64M | $287.92M | $54.37M | $19.89M | $60.43M | $89.72M | $83.22M | $103.09M | $5.00M |
| Total Liabilities & Equity | $12.43B | $6.40B | $3.32B | $312.43M | $222.10M | $201.67M | $221.19M | $169.00M | $116.09M | $117.55M |
| 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) |
FY 2019 (Dec 31, 2019) |
FY 2018 (Dec 31, 2018) |
FY 2017 (Dec 31, 2017) |
FY 2016 (Dec 31, 2016) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $-990.73M | $-429.64M | $277.45M | $-221.64M | $-60.07M | $-22.04M | $-14.33M | $-35.87M | $-41.96M | $-35.33M | $-434.70K |
| Depreciation & Amortization | $15.27M | $12.12M | $12.71M | $6.31M | - | - | - | - | - | - | - |
| Stock-based Compensation | $59.65M | $39.21M | $19.91M | $26.55M | $7.47M | $-4.31M | $-341.00K | $-9.65M | $16.84M | $22.69M | - |
| Change in Payables | $7.12M | $2.17M | $-2.22M | $4.06M | $684.00K | $-26.00K | $-370.00K | $207.00K | $124.00K | $-137.00K | $113.64K |
| Operating Cash Flow | $-310.94M | $-169.40M | $-95.58M | $-73.62M | $-40.08M | $-17.96M | $-26.25M | $-40.70M | $-23.29M | $-12.83M | $-483.14K |
| Capital Expenditure | $7.12B | $4.85B | $2.57B | $1.74B | $33.75M | $12.11M | $32.35M | $20.30M | $18.66M | $14.83M | $19.39M |
| Purchases of Investments | - | - | - | - | - | - | $188.00K | $66.52M | $84.62M | $79.00K | $5.02M |
| Investing Cash Flow | $-7.16B | $-4.85B | $-2.57B | $-1.75B | $-40.89M | $-18.53M | $18.52M | $-16.69M | $-86.16M | $11.86M | $122.02K |
| Debt Repayment | - | - | $1.34B | $233.00M | - | - | - | - | - | - | - |
| Stock Issued | - | - | - | $254.40M | $115.00M | $557.00K | - | - | - | - | - |
| Stock Repurchased | $17.09M | $16.95M | $6.70M | $9.63M | $3.27M | $284.00K | $346.00K | $650.00K | $35.00K | - | - |
| Financing Cash Flow | $7.85B | $5.34B | $2.77B | $2.06B | $118.20M | $39.44M | $14.60M | $69.96M | $76.91M | $24.15M | $60.00K |
| Net Change in Cash | $371.99M | $314.33M | $98.28M | $231.69M | $37.24M | $2.94M | $6.87M | $12.57M | $-32.53M | $23.18M | $-31.61M |
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 | - | - | - | - |
| Operating Expenses | $71.96M | $49.16M | $180.15M | $126.81M |
| Research & Development | $2.88M | $2.39M | $4.44M | $7.30M |
| Operating Income | $-71.96M | $-49.16M | $-180.15M | $-126.81M |
| Interest Expense | $38.63M | $15.90M | $94.67M | $67.41M |
| Other Income/Expense | $-20.00K | $1.72M | $1.04M | $-408.00K |
| Net Income | $-184.76M | $-393.07M | $-500.62M | $-204.00M |
| Basic EPS | -0.42 | -0.47 | -0.99 | -0.49 |
| Diluted EPS | -0.42 | -0.47 | -0.99 | -0.49 |
| Basic Shares Outstanding | $262.58M | $259.38M | $261.30M | $257.98M |
| Diluted Shares Outstanding | $262.58M | $259.38M | $261.30M | $257.98M |
Condensed Consolidated Balance Sheets
| Description | Sep 30, 2025 | Dec 31, 2024 |
|---|---|---|
| Cash & Cash Equivalents | $209.40M | $148.14M |
| Other Current Assets | $10.46M | $2.94M |
| Total Current Assets | $764.82M | $412.57M |
| Property Plant & Equipment | $8.47B | $5.02B |
| Other Non-current Assets | $36.35M | $15.56M |
| Total Assets | $10.01B | $6.40B |
| Accounts Payable | $428.86M | $244.64M |
| Accrued Liabilities | $761.82M | $347.56M |
| Total Current Liabilities | $1.19B | $595.08M |
| Long-term Debt | $6.61B | $3.92B |
| Total Liabilities | $8.03B | $4.66B |
| Retained Earnings | $-712.68M | $-453.52M |
| Treasury Stock | $36.48M | $20.92M |
| Total Stockholders Equity | $154.49M | $377.64M |
| Total Liabilities & Equity | $10.01B | $6.40B |
Condensed Consolidated Statements of Cash Flows
| Description | Sep 30, 2025 | Sep 30, 2025 | ||
|---|---|---|---|---|
| Current | Prior Year | Current YTD | Prior Year YTD | |
| Net Income | $-184.76M | $-393.07M | $-500.62M | $-204.00M |
| Depreciation & Amortization | $2.98M | $3.17M | $9.10M | $9.50M |
| Stock-based Compensation | - | - | $26.88M | $13.83M |
| Change in Payables | - | - | $13.34M | $3.26M |
| Operating Cash Flow | - | - | $-148.74M | $-86.68M |
| Capital Expenditure | - | - | $2.86B | $1.87B |
| Investing Cash Flow | - | - | $-2.88B | $-1.88B |
| Debt Repayment | - | - | - | $1.28B |
| Stock Repurchased | - | - | $15.56M | $6.58M |
| Financing Cash Flow | - | - | $3.38B | $1.94B |
| Net Change in Cash | - | - | $351.91M | $-28.68M |
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.