$2.81M
Revenue
$-114.60M
Net Income
-
Gross Margin
-4229.13%
Op. Margin
$-142.76M
Free Cash Flow
| Breakdown | TTM (Sep 30, 2025) |
FY 2024 (Dec 31, 2024) |
FY 2023 (Dec 31, 2023) |
FY 2022 (Dec 31, 2022) |
FY 2021 (Dec 31, 2021) |
|---|---|---|---|---|---|
| Total Revenue | $2.81M | $4.53M | $5.72M | $5.75M | $4.78M |
| Revenue Growth % | -37.9% | -20.7% | -0.5% | 20.2% | nan% |
| Operating Expenses | $121.86M | $113.42M | $121.23M | $112.50M | $80.02M |
| Research & Development | $74.45M | $63.86M | $48.07M | $58.91M | $44.59M |
| Selling General & Admin | $35.27M | $36.17M | $37.83M | $40.55M | $28.78M |
| Operating Income | $-119.05M | $-108.89M | $-115.52M | $-106.75M | $-75.24M |
| Operating Margin % | -4229.1% | -2401.6% | -2020.2% | -1857.5% | -1573.4% |
| Interest Expense | $285.00K | $561.00K | $1.01M | $972.00K | $3.43M |
| Other Income/Expense | $4.99M | $6.42M | $6.06M | $2.36M | $-31.19M |
| Income Before Tax | $-114.35M | $-103.04M | $-110.47M | $-105.36M | $-109.86M |
| Income Tax Expense | $252.00K | $70.00K | $100.00K | $-461.00K | $-8.90M |
| Net Income | $-114.60M | $-103.11M | $-110.57M | $-104.90M | $-100.96M |
| Net Margin % | -4071.2% | -2274.1% | -1933.6% | -1825.4% | -2111.3% |
| Basic EPS | -0.91 | -0.94 | -1.20 | -1.15 | -2.08 |
| Diluted EPS | -0.91 | -0.94 | -1.20 | -1.15 | -2.08 |
| Basic Shares Outstanding | 143.8M | 110.2M | 92.0M | 90.8M | 49.7M |
| Diluted Shares Outstanding | 143.8M | 110.2M | 92.0M | 90.8M | 49.7M |
| Breakdown | FY 2024 (Dec 31, 2024) |
FY 2023 (Dec 31, 2023) |
FY 2022 (Dec 31, 2022) |
FY 2021 (Dec 31, 2021) |
|---|---|---|---|---|
| Cash & Cash Equivalents | $41.21M | $72.36M | $59.95M | $252.57M |
| Accounts Receivable | - | $2.19M | - | - |
| Other Current Assets | $5.46M | $4.54M | $5.86M | $8.57M |
| Total Current Assets | $133.83M | $120.58M | $186.86M | $273.08M |
| Goodwill | - | - | $21.34M | $21.34M |
| Intangible Assets | $44.88M | $48.25M | $51.62M | $54.99M |
| Other Non-current Assets | $705.00K | $1.54M | $1.28M | $1.29M |
| Total Assets | $213.61M | $217.30M | $321.01M | $426.19M |
| Accounts Payable | $3.53M | $1.50M | $2.41M | $8.38M |
| Accrued Liabilities | $6.84M | $19.30M | $20.48M | $17.43M |
| Deferred Revenue | $1.12M | $3.17M | $445.00K | $1.35M |
| Total Current Liabilities | $28.66M | $29.56M | $30.27M | $33.86M |
| Deferred Tax Liabilities | - | $186.00K | $238.00K | $743.00K |
| Other Non-current Liabilities | $133.00K | $33.00K | $35.00K | $12.16M |
| Total Liabilities | $34.48M | $41.12M | $46.59M | $60.09M |
| Common Stock | $12.00K | $9.00K | $9.00K | $9.00K |
| Retained Earnings | $-509.60M | $-406.50M | $-295.93M | $-191.03M |
| Total Stockholders Equity | $179.13M | $176.18M | $274.41M | $366.11M |
| Total Liabilities & Equity | $213.61M | $217.30M | $321.01M | $426.19M |
| Breakdown | TTM (Sep 30, 2025) |
FY 2024 (Dec 31, 2024) |
FY 2023 (Dec 31, 2023) |
FY 2022 (Dec 31, 2022) |
FY 2021 (Dec 31, 2021) |
|---|---|---|---|---|---|
| Net Income | $-140.95M | $-103.11M | $-110.57M | $-104.90M | $-100.96M |
| Depreciation & Amortization | $15.22M | $13.39M | $14.00M | $13.04M | $6.65M |
| Stock-based Compensation | $33.71M | $19.45M | $11.42M | $12.54M | $10.61M |
| Deferred Income Tax | - | - | $-52.00K | $-505.00K | $-8.90M |
| Change in Receivables | $1.58M | $-2.24M | $666.00K | - | - |
| Change in Payables | $8.82M | $2.03M | $-786.00K | $-533.00K | $1.57M |
| Operating Cash Flow | $-141.26M | $-72.40M | $-64.64M | $-81.34M | $-60.60M |
| Capital Expenditure | $1.51M | $404.00K | $860.00K | $16.18M | $38.05M |
| Acquisitions | - | - | - | $8.00M | $28.13M |
| Investing Cash Flow | $-71.71M | $-41.58M | $81.94M | $-126.98M | $-67.38M |
| Debt Repayment | $6.12M | $3.39M | $3.01M | $4.65M | $1.60M |
| Stock Issued | - | - | $862.00K | $656.00K | $210.40M |
| Financing Cash Flow | $187.68M | $82.53M | $-4.48M | $5.24M | $336.19M |
| Net Change in Cash | $-25.29M | $-31.45M | $12.82M | $-203.08M | $208.22M |
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 | $378.00K | - | $2.15M | - |
| Operating Expenses | $30.53M | - | $91.43M | - |
| Research & Development | $19.25M | - | $56.07M | - |
| Selling General & Admin | $8.44M | - | $26.44M | - |
| Operating Income | $-30.15M | - | $-89.28M | - |
| Interest Expense | $45.00K | - | $180.00K | - |
| Other Income/Expense | $1.60M | - | $4.07M | - |
| Income Before Tax | $-28.60M | - | $-85.39M | - |
| Income Tax Expense | $104.00K | - | $231.00K | - |
| Net Income | $-28.71M | $-24.75M | $-85.62M | - |
| Basic EPS | -0.20 | - | -0.65 | - |
| Diluted EPS | -0.20 | - | -0.65 | - |
| Basic Shares Outstanding | $143.77M | - | $132.11M | - |
| Diluted Shares Outstanding | $143.77M | - | $132.11M | - |
Condensed Consolidated Balance Sheets
| Description | Sep 30, 2025 | Dec 31, 2024 |
|---|---|---|
| Cash & Cash Equivalents | $9.48M | $41.21M |
| Short-term Investments | $143.00M | $71.21M |
| Accounts Receivable | $1.00M | - |
| Other Current Assets | $5.18M | $5.46M |
| Total Current Assets | $174.99M | $133.83M |
| Intangible Assets | $42.36M | $44.88M |
| Other Non-current Assets | $383.00K | $705.00K |
| Total Assets | $244.99M | $213.61M |
| Accounts Payable | $4.59M | $3.53M |
| Accrued Liabilities | $8.23M | $6.84M |
| Deferred Revenue | $1.08M | $1.12M |
| Total Current Liabilities | $29.71M | $28.66M |
| Other Non-current Liabilities | $1.79M | $133.00K |
| Total Liabilities | $34.65M | $34.48M |
| Common Stock | $15.00K | $12.00K |
| Retained Earnings | $-595.22M | $-509.60M |
| Total Stockholders Equity | $210.34M | $179.13M |
| Total Liabilities & Equity | $244.99M | $213.61M |
Condensed Consolidated Statements of Cash Flows
| Description | Sep 30, 2025 | Sep 30, 2025 | ||
|---|---|---|---|---|
| Current | Prior Year | Current YTD | Prior Year YTD | |
| Net Income | $-28.71M | $-24.75M | $-85.62M | - |
| Depreciation & Amortization | $2.84M | - | $8.91M | - |
| Stock-based Compensation | - | - | $14.06M | - |
| Change in Receivables | - | - | $1.00M | - |
| Change in Payables | - | - | $1.06M | - |
| Operating Cash Flow | - | - | $-63.74M | - |
| Capital Expenditure | - | - | $1.21M | - |
| Investing Cash Flow | - | - | $-69.71M | - |
| Debt Repayment | - | - | $2.62M | - |
| Stock Issued | - | - | $102.34M | - |
| Financing Cash Flow | - | - | $102.11M | - |
| Net Change in Cash | - | - | $-31.34M | - |
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.