-
Revenue
$-1.13B
Net Income
-
Gross Margin
-
Op. Margin
$-1.54B
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) |
Q1 2023 (Jun 30, 2023) |
Q4 2022 (Dec 31, 2022) |
Q3 2022 (Sep 30, 2022) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | - | - | - | - | - | - | - | - | $742.00K | - | $7.01M | $15.33M | $3.36M |
| Revenue Growth % (YoY) | nan% | nan% | nan% | nan% | -100.0% | nan% | nan% | -100.0% | -95.2% | -100.0% | nan% | nan% | nan% |
| Operating Expenses | $361.63M | $315.27M | $264.71M | $240.76M | $216.31M | $175.71M | $156.64M | $140.86M | $180.72M | $123.25M | $82.17M | $77.04M | $79.89M |
| Research & Development | $294.94M | $262.51M | $224.13M | $205.75M | $188.10M | $151.75M | $134.93M | $118.02M | $148.48M | $107.73M | $68.95M | $66.13M | $69.45M |
| Operating Income | $-361.63M | $-315.27M | $-264.71M | $-240.76M | $-216.31M | $-175.71M | $-156.64M | $-140.86M | $-179.98M | $-123.25M | $-75.16M | $-61.71M | $-76.53M |
| Operating Margin % | nan% | nan% | nan% | nan% | nan% | nan% | nan% | nan% | -24256.5% | nan% | -1071.5% | -402.5% | -2280.5% |
| Interest Expense | $11.94M | $11.43M | - | - | - | - | - | - | - | - | - | - | - |
| Interest Income | $21.29M | $22.08M | $22.40M | $24.91M | $21.23M | $20.41M | $21.49M | $23.76M | $18.98M | $10.95M | $7.06M | $5.08M | $2.91M |
| Other Income/Expense | $-3.27M | - | $16.93M | $-10.00K | $20.99M | $282.00K | $16.00K | $24.86M | $18.79M | $10.95M | $7.06M | $5.08M | $2.91M |
| Income Before Tax | $-364.89M | $-305.21M | $-247.79M | $-213.42M | $-195.32M | $-156.29M | $-133.23M | $-116.00M | $-161.19M | $-112.30M | $-68.10M | $-56.63M | $-73.63M |
| Income Tax Expense | - | - | - | - | $-753.00K | - | - | - | $343.00K | $-3.87M | - | $-123.00K | $-297.00K |
| Net Income | $-364.89M | $-305.21M | $-247.79M | $-213.42M | $-194.57M | $-156.29M | $-133.23M | $-116.00M | $-161.54M | $-108.43M | $-68.10M | $-56.51M | $-73.33M |
| Net Margin % | nan% | nan% | nan% | nan% | nan% | nan% | nan% | nan% | -21770.5% | nan% | -970.9% | -368.6% | -2185.0% |
| Basic EPS | nan | -1.61 | -1.31 | -1.13 | nan | -0.94 | -0.81 | -0.70 | nan | -0.99 | -0.72 | nan | -0.87 |
| Diluted EPS | nan | -1.61 | -1.31 | -1.13 | nan | -0.94 | -0.81 | -0.70 | nan | -0.99 | -0.72 | nan | -0.87 |
| Basic Shares Outstanding | - | 189.2M | 188.6M | 188.1M | - | 166.8M | 165.1M | 164.7M | - | 109.2M | 94.8M | - | 84.7M |
| Diluted Shares Outstanding | - | 189.2M | 188.6M | 188.1M | - | 166.8M | 165.1M | 164.7M | - | 109.2M | 94.8M | - | 84.7M |
| 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) |
Q1 2023 (Jun 30, 2023) |
Q4 2022 (Dec 31, 2022) |
Q3 2022 (Sep 30, 2022) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Cash Equivalents | $383.75M | $217.44M | $402.44M | $333.55M | $543.06M | $201.26M | $275.71M | $288.43M | $696.15M | $358.40M | $427.22M | $161.41M | $178.94M |
| Short-term Investments | $1.64B | $1.71B | $1.73B | $1.77B | $1.75B | $1.35B | $1.32B | $1.42B | $1.16B | $454.80M | $482.58M | $483.53M | $476.07M |
| Other Current Assets | $49.36M | $45.98M | $39.27M | $31.91M | $38.33M | $29.66M | $34.02M | $25.66M | $25.07M | $10.96M | $8.96M | $10.57M | $15.15M |
| Total Current Assets | $2.08B | $1.98B | $2.18B | $2.13B | $2.33B | $1.58B | $1.62B | $1.73B | $1.88B | $824.47M | $922.75M | $660.18M | $675.11M |
| Property Plant & Equipment | $33.19M | $32.93M | $33.05M | $27.15M | $24.29M | $24.81M | $25.28M | $23.70M | $22.86M | $20.29M | $18.54M | $18.66M | $18.27M |
| Goodwill | $14.61M | $14.61M | $14.61M | $14.61M | $14.61M | $14.61M | $14.61M | $14.61M | $14.61M | $14.61M | $14.61M | $14.61M | $14.61M |
| Intangible Assets | $55.80M | $55.87M | $56.14M | $56.40M | $56.67M | $56.94M | $57.20M | $57.47M | $57.74M | $58.01M | $58.54M | $58.81M | $59.08M |
| Other Non-current Assets | $14.78M | $14.87M | $31.42M | $13.13M | $13.87M | $10.28M | $8.27M | $4.16M | $7.03M | $11.35M | $2.77M | $2.86M | $856.00K |
| Total Assets | $2.35B | $2.25B | $2.43B | $2.37B | $2.56B | $1.76B | $1.81B | $1.91B | $2.06B | $984.23M | $1.07B | $811.93M | $825.91M |
| Accounts Payable | $64.62M | $74.85M | $56.76M | $47.51M | $54.43M | $24.46M | $29.32M | $32.38M | $61.79M | $29.63M | $19.91M | $21.31M | $24.38M |
| Accrued Liabilities | $5.00M | - | - | - | - | - | - | - | - | - | - | - | - |
| Deferred Revenue | - | - | - | - | - | - | - | - | - | - | $1.43M | $4.46M | $9.69M |
| Other Current Liabilities | $7.86M | - | - | - | $583.00K | - | - | - | - | - | - | - | - |
| Total Current Liabilities | $290.42M | $245.62M | $184.53M | $158.60M | $163.91M | $110.86M | $105.33M | $93.72M | $143.85M | $85.54M | $54.63M | $61.98M | $73.27M |
| Deferred Tax Liabilities | $2.35M | $2.35M | $2.35M | $2.35M | $2.35M | $3.12M | $3.12M | $3.12M | $3.12M | $3.16M | $7.03M | $7.03M | $7.15M |
| Other Non-current Liabilities | $1.21M | $2.48M | $7.20M | $4.14M | $670.00K | $1.64M | $656.00K | $3.04M | $1.46M | $982.00K | $1.69M | $301.00K | $471.00K |
| Total Liabilities | $723.21M | $655.02M | $564.20M | $287.20M | $293.10M | $196.69M | $189.59M | $182.90M | $235.51M | $146.77M | $121.03M | $126.74M | $144.49M |
| Common Stock | $19.00K | $18.00K | $18.00K | $18.00K | $18.00K | $16.00K | $16.00K | $16.00K | $16.00K | $11.00K | $11.00K | $9.00K | $9.00K |
| Retained Earnings | $-2.87B | $-2.50B | $-2.20B | $-1.95B | $-1.74B | $-1.54B | $-1.39B | $-1.25B | $-1.14B | $-976.17M | $-769.44M | $-701.34M | $-644.83M |
| Total Stockholders Equity | $1.63B | $1.60B | $1.87B | $2.08B | $2.27B | $1.57B | $1.62B | $1.73B | $1.83B | $837.46M | $952.22M | $685.19M | $681.42M |
| Total Liabilities & Equity | $2.35B | $2.25B | $2.43B | $2.37B | $2.56B | $1.76B | $1.81B | $1.91B | $2.06B | $984.23M | $1.07B | $811.93M | $825.91M |
| 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) |
Q1 2023 (Jun 30, 2023) |
Q4 2022 (Dec 31, 2022) |
Q3 2022 (Sep 30, 2022) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $-364.89M | $-305.21M | $-461.20M | $-213.42M | $-194.57M | $-156.29M | $-249.24M | $-116.00M | $-161.54M | $-274.83M | $-68.10M | $-56.51M | $-73.33M |
| Depreciation & Amortization | - | - | - | - | - | - | - | - | - | - | $1.21M | $1.15M | $2.82M |
| Stock-based Compensation | $33.70M | $84.69M | $53.91M | $25.08M | $22.44M | $56.76M | $35.98M | $16.21M | $25.43M | $36.34M | $9.70M | $8.32M | $22.88M |
| Change in Receivables | - | - | - | - | - | $-1.25M | $-1.25M | $-1.25M | $945.00K | $-4.36M | $-678.00K | $-267.00K | $-989.00K |
| Change in Payables | $-10.50M | $20.04M | $491.00K | $-8.27M | $29.36M | $-35.83M | $-33.04M | $-28.96M | $24.30M | $8.16M | $-1.05M | $-1.51M | $8.79M |
| Operating Cash Flow | $-274.24M | $-623.50M | $-416.19M | $-194.44M | $-138.29M | $-419.15M | $-288.73M | $-160.56M | $-120.56M | $-230.01M | $-62.39M | $-61.79M | $-162.61M |
| Capital Expenditure | $1.93M | $14.06M | $10.72M | $3.27M | $1.22M | $9.09M | $5.57M | $3.17M | $2.32M | $5.41M | $1.76M | $2.88M | $7.94M |
| Purchases of Investments | $296.49M | $1.50B | $1.04B | $510.04M | $695.21M | $1.44B | $1.08B | $701.68M | $519.61M | $539.31M | $193.10M | $160.34M | $452.43M |
| Investing Cash Flow | $74.88M | $43.18M | $18.33M | $-15.95M | $-392.90M | $-161.49M | $-140.02M | $-247.97M | $-380.40M | $37.80M | $4.00M | $-7.10M | $-17.01M |
| Stock Issued | - | - | - | - | $727.62M | - | - | - | - | $323.71M | $323.71M | - | $248.13M |
| Financing Cash Flow | $365.66M | $255.87M | $257.46M | $874.00K | $873.80M | $85.61M | $8.31M | $810.00K | $839.35M | $389.85M | $324.20M | $51.36M | $250.07M |
| Net Change in Cash | $166.30M | $-324.46M | $-140.41M | $-209.51M | $342.61M | $-495.03M | $-420.44M | $-407.72M | $338.39M | $197.64M | $265.81M | $-17.53M | $70.44M |
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 | |
| Operating Expenses | $315.27M | - | $820.74M | - |
| Research & Development | $262.51M | - | $692.39M | - |
| Operating Income | $-315.27M | - | $-820.74M | - |
| Interest Expense | $11.43M | - | $12.29M | - |
| Interest Income | $22.08M | - | $69.40M | - |
| Other Income/Expense | - | - | $-42.00K | - |
| Income Before Tax | $-305.21M | - | $-766.41M | - |
| Net Income | $-305.21M | $-133.23M | $-766.41M | - |
| Basic EPS | -1.61 | - | -4.06 | - |
| Diluted EPS | -1.61 | - | -4.06 | - |
| Basic Shares Outstanding | $189.23M | - | $188.66M | - |
| Diluted Shares Outstanding | $189.23M | - | $188.66M | - |
Condensed Consolidated Balance Sheets
| Description | Sep 30, 2025 | Dec 31, 2024 |
|---|---|---|
| Cash & Cash Equivalents | $217.44M | $543.06M |
| Short-term Investments | $1.71B | $1.75B |
| Other Current Assets | $45.98M | $38.33M |
| Total Current Assets | $1.98B | $2.33B |
| Property Plant & Equipment | $32.93M | $24.29M |
| Goodwill | $14.61M | $14.61M |
| Intangible Assets | $55.87M | $56.67M |
| Other Non-current Assets | $14.87M | $1.74M |
| Total Assets | $2.25B | $2.56B |
| Accounts Payable | $74.85M | $54.43M |
| Total Current Liabilities | $245.62M | $163.91M |
| Deferred Tax Liabilities | $2.35M | $2.35M |
| Other Non-current Liabilities | $2.48M | $670.00K |
| Total Liabilities | $655.02M | $293.10M |
| Common Stock | $18.00K | $18.00K |
| Retained Earnings | $-2.50B | $-1.74B |
| Total Stockholders Equity | $1.60B | $2.27B |
| Total Liabilities & Equity | $2.25B | $2.56B |
Condensed Consolidated Statements of Cash Flows
| Description | Sep 30, 2025 | Sep 30, 2025 | ||
|---|---|---|---|---|
| Current | Prior Year | Current YTD | Prior Year YTD | |
| Net Income | $-305.21M | $-133.23M | $-766.41M | - |
| Stock-based Compensation | - | - | $84.69M | - |
| Change in Receivables | - | - | - | - |
| Change in Payables | - | - | $20.04M | - |
| Operating Cash Flow | - | - | $-623.50M | - |
| Capital Expenditure | - | - | $14.06M | - |
| Purchases of Investments | - | - | $1.50B | - |
| Investing Cash Flow | - | - | $43.18M | - |
| Financing Cash Flow | - | - | $255.87M | - |
| Net Change in Cash | - | - | $-324.46M | - |
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.