$342.35M
Revenue
$-19.34M
Net Income
78.75%
Gross Margin
-4.74%
Op. Margin
$16.07M
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 | $342.35M | $342.35M | $332.93M | $309.39M | $279.07M | $219.85M |
| Revenue Growth % | 0.0% | 2.8% | 7.6% | 10.9% | 26.9% | nan% |
| Cost of Revenue | $72.75M | $72.75M | $77.59M | $74.20M | $69.98M | $48.48M |
| Gross Profit | $269.60M | $269.60M | $255.34M | $235.19M | $209.09M | $171.38M |
| Gross Margin % | 78.7% | 78.7% | 76.7% | 76.0% | 74.9% | 77.9% |
| Operating Expenses | $285.81M | $285.81M | $297.02M | $307.64M | $349.66M | $247.32M |
| Research & Development | $73.02M | $73.02M | $80.88M | $83.46M | $88.25M | $64.55M |
| Operating Income | $-16.22M | $-16.22M | $-41.68M | $-72.44M | $-140.57M | $-75.94M |
| Operating Margin % | -4.7% | -4.7% | -12.5% | -23.4% | -50.4% | -34.5% |
| Interest Expense | $10.03M | $10.03M | $6.05M | $2.88M | $2.83M | $828.00K |
| Interest Income | $4.82M | $4.82M | $10.57M | $11.49M | $4.20M | $130.00K |
| Other Income/Expense | $-681.00K | $-681.00K | $-958.00K | $-836.00K | $-227.00K | $-70.00K |
| Income Before Tax | $-18.18M | $-18.18M | $-26.02M | $-64.67M | $-139.42M | $-76.71M |
| Income Tax Expense | $1.17M | $1.17M | $1.01M | - | $495.00K | $-34.00K |
| Net Income | $-19.34M | $-19.34M | $-27.03M | $-64.67M | $-139.92M | $-76.68M |
| Net Margin % | -5.6% | -5.6% | -8.1% | -20.9% | -50.1% | -34.9% |
| Basic EPS | -0.23 | -0.24 | -0.35 | -0.86 | -1.91 | -1.08 |
| Diluted EPS | nan | -0.24 | -0.35 | -0.86 | -1.91 | -1.08 |
| Basic Shares Outstanding | - | 80.3M | 77.6M | 75.1M | 73.2M | 70.9M |
| Diluted Shares Outstanding | - | 80.3M | 77.6M | 75.1M | 73.2M | 70.9M |
| 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 | $44.26M | $88.88M | $71.72M | $91.57M | $297.56M |
| Short-term Investments | $96.84M | $89.28M | $198.41M | $211.94M | $102.31M |
| Accounts Receivable | $49.97M | $48.12M | $37.71M | $51.90M | $39.81M |
| Other Current Assets | $15.35M | $14.64M | $24.73M | $11.21M | $9.71M |
| Total Current Assets | $214.36M | $251.22M | $341.99M | $374.25M | $454.55M |
| Property Plant & Equipment | $13.98M | $9.13M | $10.23M | $9.08M | $7.43M |
| Goodwill | $51.93M | $51.93M | $52.09M | $49.75M | $42.43M |
| Intangible Assets | $11.29M | $17.32M | $27.05M | $27.58M | $35.03M |
| Total Assets | $308.79M | $340.29M | $444.06M | $474.06M | $555.46M |
| Accounts Payable | $9.87M | $7.02M | $7.98M | $7.01M | $8.21M |
| Short-term Debt | - | - | $547.00K | - | - |
| Accrued Liabilities | $4.79M | $3.19M | $2.65M | $2.94M | $2.94M |
| Deferred Revenue | $59.58M | $46.59M | $32.24M | $17.78M | $12.75M |
| Other Current Liabilities | $28.34M | $28.77M | $24.79M | $48.44M | $36.25M |
| Total Current Liabilities | $108.19M | $88.01M | $70.75M | $78.79M | $62.81M |
| Long-term Debt | $157.05M | $216.47M | $339.61M | $337.50M | $335.54M |
| Other Non-current Liabilities | $1.35M | $768.00K | $551.00K | $334.00K | $7.25M |
| Total Liabilities | $269.44M | $306.92M | $418.52M | $428.38M | $417.17M |
| Common Stock | $7.00K | $7.00K | $7.00K | $7.00K | $7.00K |
| Retained Earnings | $-641.03M | $-621.69M | $-594.66M | $-529.99M | $-390.07M |
| Total Stockholders Equity | $39.35M | $33.37M | $25.53M | $45.67M | $138.29M |
| Total Liabilities & Equity | $308.79M | $340.29M | $444.06M | $474.06M | $555.46M |
| 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 | $-19.70M | $-19.34M | $-27.03M | $-64.67M | $-139.92M | $-76.68M |
| Depreciation & Amortization | $4.00M | $4.00M | $4.00M | $4.10M | $11.42M | $6.15M |
| Stock-based Compensation | $23.58M | $23.58M | $35.38M | $41.19M | $42.33M | $25.42M |
| Deferred Income Tax | - | $249.00K | $-247.00K | $495.00K | - | - |
| Change in Receivables | $2.52M | $5.54M | $14.21M | $3.88M | $20.34M | $17.28M |
| Change in Payables | $2.24M | $2.24M | $-895.00K | $962.00K | $-1.20M | $2.14M |
| Operating Cash Flow | $25.49M | $25.49M | $26.25M | $-24.24M | $-89.36M | $-40.30M |
| Capital Expenditure | $9.42M | $8.60M | $3.72M | $4.18M | $5.20M | - |
| Purchases of Investments | $100.79M | $92.84M | $80.20M | $228.28M | $214.18M | $107.01M |
| Investing Cash Flow | $-16.61M | $-16.61M | $105.29M | $2.82M | $-116.53M | $-186.88M |
| Debt Repayment | $54.53M | $54.53M | $109.12M | $394.00K | - | - |
| Financing Cash Flow | $-53.08M | $-53.08M | $-114.04M | $1.24M | $209.00K | $305.27M |
| Net Change in Cash | $-44.19M | $-44.19M | $17.51M | $-20.18M | $-205.67M | $78.10M |
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 | $86.03M | - | $252.83M | - |
| Cost of Revenue | $18.59M | - | $53.32M | - |
| Gross Profit | $67.43M | - | $199.51M | - |
| Operating Expenses | $67.87M | - | $209.15M | - |
| Research & Development | $17.46M | - | $54.98M | - |
| Operating Income | $-435.00K | - | $-9.63M | - |
| Interest Expense | $2.48M | - | $7.54M | - |
| Interest Income | $1.18M | - | $3.65M | - |
| Other Income/Expense | $-302.00K | - | $-432.00K | - |
| Income Before Tax | $-2.03M | - | $-10.02M | - |
| Income Tax Expense | $212.00K | - | $957.00K | - |
| Net Income | $-2.24M | $-11.26M | $-10.98M | - |
| Basic EPS | -0.03 | - | -0.14 | - |
| Basic Shares Outstanding | $80.76M | - | $79.91M | - |
Condensed Consolidated Balance Sheets
| Description | Sep 30, 2025 | Dec 31, 2024 |
|---|---|---|
| Cash & Cash Equivalents | $49.91M | $88.88M |
| Short-term Investments | $92.11M | $89.28M |
| Accounts Receivable | $48.23M | $48.12M |
| Other Current Assets | $17.72M | $14.64M |
| Total Current Assets | $215.95M | $251.22M |
| Property Plant & Equipment | $11.20M | $9.13M |
| Goodwill | $51.93M | $51.93M |
| Intangible Assets | $13.01M | $17.32M |
| Total Assets | $309.46M | $340.29M |
| Accounts Payable | $9.53M | $7.02M |
| Accrued Liabilities | $4.49M | $3.19M |
| Deferred Revenue | $59.18M | $46.59M |
| Other Current Liabilities | $26.26M | $28.77M |
| Total Current Liabilities | $100.99M | $88.01M |
| Other Non-current Liabilities | $1.29M | $768.00K |
| Total Liabilities | $266.63M | $306.92M |
| Common Stock | $7.00K | $7.00K |
| Retained Earnings | $-632.67M | $-621.69M |
| Total Stockholders Equity | $42.84M | $33.37M |
| Total Liabilities & Equity | $309.46M | $340.29M |
Condensed Consolidated Statements of Cash Flows
| Description | Sep 30, 2025 | Sep 30, 2025 | ||
|---|---|---|---|---|
| Current | Prior Year | Current YTD | Prior Year YTD | |
| Net Income | $-2.24M | $-11.26M | $-10.98M | - |
| Depreciation & Amortization | $2.73M | - | $10.85M | - |
| Stock-based Compensation | $6.33M | - | $18.77M | - |
| Change in Receivables | $-3.74M | - | $2.25M | - |
| Change in Payables | $1.01M | - | $2.13M | - |
| Operating Cash Flow | $10.55M | - | $24.51M | - |
| Capital Expenditure | $2.97M | - | $5.44M | - |
| Purchases of Investments | $44.33M | - | $84.85M | - |
| Investing Cash Flow | $-6.80M | - | $-10.65M | - |
| Debt Repayment | - | - | $54.53M | - |
| Financing Cash Flow | $-110.00K | - | $-53.14M | - |
| Net Change in Cash | $3.65M | - | $-39.28M | - |
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.