$-46.87M
Net Interest Income
$-240.13M
Net Income
-
Efficiency Ratio
-1.98%
Net Int. Margin
-37.9%
ROE
| 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) |
|---|---|---|---|---|---|---|---|
| Interest Income | $60.84M | $57.20M | $45.62M | $40.57M | $41.46M | $40.84M | $52.88M |
| Interest Expense | $8.08M | $8.79M | $7.77M | $7.02M | $7.43M | $10.82M | $11.47M |
| Net Interest Income | $30.87M | $18.57M | $16.51M | $27.90M | $19.69M | $-5.45M | $-2.90M |
| Total Revenue | $296.09M | $277.11M | $257.29M | $213.37M | $218.96M | $162.14M | $127.63M |
| Revenue Growth % (YoY) | 35.2% | 70.9% | 101.6% | nan% | nan% | nan% | nan% |
| Income Tax Expense | $526.00K | $124.00K | $49.00K | $29.00K | $111.00K | $45.00K | $15.00K |
| Net Income | $18.64M | $31.80M | $5.61M | $-2.45M | $-2.75M | $-6.76M | $-54.47M |
| Net Margin % | 6.3% | 11.5% | 2.2% | -1.1% | -1.3% | -4.2% | -42.7% |
| Basic EPS | 0.19 | 0.33 | 0.06 | -0.03 | -0.02 | -0.07 | -0.62 |
| Diluted EPS | 0.17 | 0.23 | 0.05 | -0.03 | -0.02 | -0.07 | -0.62 |
| 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 & Due from Banks | $652.39M | $489.78M | $395.94M | $599.78M | $788.42M | - | - |
| Goodwill & Intangibles | $67.06M | $67.06M | $67.06M | $67.06M | $67.06M | $67.06M | $67.06M |
| Premises & Equipment | $44.17M | $44.26M | $43.94M | $42.41M | $39.01M | $38.33M | $39.73M |
| Other Assets | $255.39M | $334.55M | $300.27M | $234.22M | $216.76M | $172.65M | $143.99M |
| Total Assets | $2.97B | $2.90B | $2.48B | $2.30B | $2.37B | $1.81B | $1.82B |
| Other Liabilities | $6.79M | - | - | - | $3.24M | - | - |
| Total Liabilities | $2.18B | $2.16B | $1.76B | $1.62B | $1.73B | $1.21B | $1.23B |
| Common Stock | $10.00K | $10.00K | $10.00K | $10.00K | $9.00K | $9.00K | $9.00K |
| Retained Earnings | $-357.56M | $-376.19M | $-408.00M | $-413.60M | $-411.16M | $-408.40M | $-401.64M |
| Total Stockholders Equity | $798.82M | $743.72M | $722.01M | $676.64M | $633.22M | $595.54M | $594.71M |
| Total Liabilities & Equity | $2.97B | $2.90B | $2.48B | $2.30B | $2.37B | $1.81B | $1.82B |
| 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 | $18.64M | $31.80M | $5.61M | $-2.45M | $-2.75M | $-125.83M | $-119.07M |
| Depreciation & Amortization | $6.46M | $18.37M | $12.24M | $6.40M | $4.70M | $15.85M | $10.46M |
| Stock-based Compensation | $32.45M | $99.50M | $65.34M | $29.83M | $29.80M | $103.60M | $69.99M |
| Operating Cash Flow | $108.55M | $-256.28M | $-133.65M | $-13.49M | $-110.93M | $297.26M | $117.92M |
| Capital Expenditures | $157.00K | $190.00K | $115.00K | - | - | $837.00K | $721.00K |
| Investing Cash Flow | $131.74M | $-308.91M | $-188.40M | $-78.57M | $-77.91M | $-159.82M | $-113.65M |
| Financing Cash Flow | $-20.18M | $425.83M | $47.25M | $-44.68M | $509.33M | $50.54M | $88.56M |
| Net Change in Cash | $220.11M | $-139.36M | $-274.80M | $-136.74M | $320.50M | $187.98M | $92.83M |
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-Q filings.
Quarterly data represents single quarter results (Q1-Q4). Some items may show year-to-date values if quarterly breakdown is unavailable.