$-46.87M
Net Interest Income
$-240.13M
Net Income
-
Efficiency Ratio
-1.98%
Net Int. Margin
-37.9%
ROE
| 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) |
|---|---|---|---|---|---|---|
| Interest Income | $204.23M | $204.23M | $186.36M | $169.00M | $105.58M | $20.63M |
| Interest Expense | $31.66M | $31.66M | $40.43M | $34.89M | $10.84M | $3.27M |
| Net Interest Income | $93.85M | $93.85M | $1.06M | $-46.87M | $-64.83M | $47.31M |
| Total Revenue | $1.04B | $1.04B | $636.53M | $513.56M | $842.44M | $848.59M |
| Revenue Growth % | 0.0% | 64.0% | 23.9% | -39.0% | -0.7% | nan% |
| Income Tax Expense | $728.00K | $728.00K | $185.00K | $107.00K | $-409.00K | $-1.71M |
| Net Income | $53.60M | $53.60M | $-128.58M | $-240.13M | $-108.67M | $135.44M |
| Net Margin % | 5.1% | 5.1% | -20.2% | -46.8% | -12.9% | 16.0% |
| Basic EPS | 0.55 | 0.56 | -1.44 | -2.87 | -1.31 | 1.73 |
| Diluted EPS | 0.42 | 0.45 | -1.44 | -2.87 | -1.31 | 1.43 |
| 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 & Due from Banks | $652.39M | $788.42M | $368.40M | - | - |
| Goodwill & Intangibles | $67.06M | $67.06M | $67.06M | $67.06M | $67.06M |
| Premises & Equipment | $44.17M | $39.01M | $42.66M | $44.17M | $24.26M |
| Other Assets | $255.39M | $216.76M | $146.23M | $138.72M | $121.10M |
| Total Assets | $2.97B | $2.37B | $2.02B | $1.94B | $1.82B |
| Other Liabilities | $6.79M | $3.24M | - | - | - |
| Total Liabilities | $2.18B | $1.73B | $1.38B | $1.26B | $1.01B |
| Common Stock | $10.00K | $9.00K | $9.00K | $8.00K | $8.00K |
| Retained Earnings | $-357.56M | $-411.16M | $-282.58M | $-42.44M | $66.22M |
| Total Stockholders Equity | $798.82M | $633.22M | $635.30M | $672.43M | $807.08M |
| Total Liabilities & Equity | $2.97B | $2.37B | $2.02B | $1.94B | $1.82B |
| 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 | $53.60M | $53.60M | $-128.58M | $-240.13M | $-108.67M | $135.44M |
| Depreciation & Amortization | $43.48M | $24.84M | $20.55M | $24.90M | $13.51M | $7.54M |
| Stock-based Compensation | $227.12M | $131.95M | $133.40M | $175.04M | $125.94M | $73.19M |
| Operating Cash Flow | $-294.86M | $-147.72M | $186.33M | $-160.49M | $-674.68M | $168.35M |
| Capital Expenditures | $462.00K | $347.00K | $837.00K | $1.53M | $8.82M | $8.43M |
| Acquisitions | - | - | - | - | - | $16.76M |
| Investing Cash Flow | $-444.14M | $-177.17M | $-237.73M | $-118.45M | $-114.12M | $-143.88M |
| Common Stock Repurchased | - | - | - | - | $177.88M | - |
| Financing Cash Flow | $408.21M | $405.64M | $559.87M | $214.27M | $130.03M | $855.43M |
| Net Change in Cash | $-330.79M | $80.75M | $508.48M | $-64.68M | $-658.77M | $879.91M |
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 | $277.11M | $162.14M | $747.77M | $417.56M |
| Operating Expenses | $253.44M | $207.29M | $724.05M | $585.67M |
| Research & Development | $64.03M | $64.89M | $190.69M | $186.43M |
| Operating Income | $23.67M | $-45.15M | $23.71M | $-168.11M |
| Interest Expense | $8.79M | $10.82M | $34.51M | $34.80M |
| Other Income/Expense | $1.02M | $5.08M | $4.21M | $8.99M |
| Income Tax Expense | $124.00K | $45.00K | $202.00K | $74.00K |
| Net Income | $31.80M | $-6.76M | $34.97M | $-125.83M |
| Basic EPS | 0.33 | -0.07 | 0.37 | -1.42 |
| Diluted EPS | 0.23 | -0.07 | 0.28 | -1.42 |
| Basic Shares Outstanding | $96.68M | $90.12M | $95.50M | $88.53M |
| Diluted Shares Outstanding | $109.72M | $90.12M | $105.92M | $88.53M |
Condensed Consolidated Balance Sheets
| Description | Sep 30, 2025 | Dec 31, 2024 |
|---|---|---|
| Cash & Cash Equivalents | $489.78M | $788.42M |
| Property Plant & Equipment | $44.26M | $39.01M |
| Goodwill | $67.06M | $67.06M |
| Total Assets | $2.90B | $2.37B |
| Total Liabilities | $2.16B | $1.73B |
| Common Stock | $10.00K | $9.00K |
| Retained Earnings | $-376.19M | $-411.16M |
| Total Stockholders Equity | $743.72M | $633.22M |
| Total Liabilities & Equity | $2.90B | $2.37B |
Condensed Consolidated Statements of Cash Flows
| Description | Sep 30, 2025 | Sep 30, 2025 | ||
|---|---|---|---|---|
| Current | Prior Year | Current YTD | Prior Year YTD | |
| Net Income | $31.80M | $-6.76M | $34.97M | $-125.83M |
| Depreciation & Amortization | - | - | $18.37M | $15.85M |
| Stock-based Compensation | - | - | $99.50M | $103.60M |
| Operating Cash Flow | - | - | $-256.28M | $297.26M |
| Capital Expenditure | - | - | $190.00K | $837.00K |
| Investing Cash Flow | - | - | $-308.91M | $-159.82M |
| Financing Cash Flow | - | - | $425.83M | $50.54M |
| Net Change in Cash | - | - | $-139.36M | $187.98M |
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.