$737.90M
Revenue
$-165.50M
Net Income
-
Gross Margin
-
Op. Margin
$-121.50M
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 | $737.90M | $737.90M | $526.50M | $429.80M | $256.70M | $128.40M |
| Revenue Growth % | 0.0% | 40.2% | 22.5% | 67.4% | 99.9% | nan% |
| Research & Development | $93.90M | $93.90M | $85.80M | $88.80M | $79.60M | $51.80M |
| Interest Expense | $26.10M | $16.30M | $5.00M | $300.00K | - | - |
| Income Before Tax | $-160.90M | $-160.90M | $-203.90M | $-229.80M | $-294.80M | $-233.60M |
| Income Tax Expense | $4.60M | $4.60M | $-1.70M | $7.10M | $3.00M | $7.70M |
| Net Income | $-165.50M | $-165.50M | $-202.20M | $-236.90M | $-297.80M | $-241.30M |
| Net Margin % | -22.4% | -22.4% | -38.4% | -55.1% | -116.0% | -187.9% |
| Basic EPS | -2.25 | -2.24 | -2.85 | -3.40 | -4.59 | -3.94 |
| Diluted EPS | -2.25 | -2.24 | -2.85 | -3.40 | -4.59 | -3.94 |
| Basic Shares Outstanding | - | 73.9M | 71.0M | 69.7M | 64.9M | 61.2M |
| Diluted Shares Outstanding | - | 73.9M | 71.0M | 69.7M | 64.9M | 61.2M |
| 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 | $385.00M | $376.00M | - | - | - |
| Short-term Investments | $14.10M | $27.50M | $45.80M | $99.80M | $110.40M |
| Property Plant & Equipment | $15.80M | $16.10M | $17.40M | $19.60M | $11.70M |
| Goodwill | $19.00M | $19.00M | $19.00M | $19.00M | - |
| Intangible Assets | $8.10M | $13.60M | $22.90M | $32.50M | $600.00K |
| Total Assets | $1.93B | $1.85B | $1.63B | $1.69B | $1.51B |
| Total Liabilities | $1.39B | $1.26B | $924.40M | $823.90M | $522.30M |
| Common Stock | - | - | - | - | - |
| Retained Earnings | $-1.46B | $-1.30B | $-1.10B | $-859.70M | $-561.90M |
| Total Stockholders Equity | $533.60M | $593.40M | $708.90M | $866.80M | $988.20M |
| Total Liabilities & Equity | $1.93B | $1.85B | $1.63B | $1.69B | $1.51B |
| 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 | $-165.50M | $-165.50M | $-202.20M | $-236.90M | $-297.80M | $-241.30M |
| Depreciation & Amortization | $28.90M | $15.20M | $20.00M | $20.00M | $12.20M | $3.70M |
| Stock-based Compensation | $97.30M | $61.30M | $64.50M | $59.90M | $59.30M | $44.10M |
| Change in Payables | $-7.40M | $-4.00M | $3.90M | $-500.00K | $-700.00K | $-400.00K |
| Operating Cash Flow | $-105.40M | $-16.50M | $-11.40M | $-119.10M | $-163.00M | $-144.60M |
| Capital Expenditure | $16.10M | $9.40M | $9.40M | $9.20M | $10.10M | $9.40M |
| Acquisitions | - | - | - | - | $-98.80M | - |
| Purchases of Investments | $38.40M | $27.70M | $58.10M | $71.50M | $136.70M | $130.80M |
| Investing Cash Flow | $-140.20M | $-89.10M | $40.60M | $88.70M | $181.10M | $-804.80M |
| Financing Cash Flow | $170.70M | $106.60M | $87.70M | $15.40M | $3.60M | $649.60M |
| Net Change in Cash | $-54.60M | $11.10M | $114.20M | $-15.00M | $15.90M | $-300.80M |
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 | $194.50M | - | $509.80M | - |
| Research & Development | $24.70M | - | $69.10M | - |
| Interest Expense | - | - | $11.20M | - |
| Income Before Tax | $-36.30M | - | $-140.30M | - |
| Income Tax Expense | $1.20M | - | $3.50M | - |
| Net Income | $-37.50M | $-57.20M | $-143.80M | - |
| Basic EPS | -0.51 | - | -1.96 | - |
| Diluted EPS | -0.51 | - | -1.96 | - |
| Basic Shares Outstanding | $74.19M | - | $73.52M | - |
| Diluted Shares Outstanding | $74.19M | - | $73.52M | - |
Condensed Consolidated Balance Sheets
| Description | Sep 30, 2025 | Dec 31, 2024 |
|---|---|---|
| Short-term Investments | $23.50M | $27.50M |
| Property Plant & Equipment | $15.30M | $16.10M |
| Goodwill | $19.00M | $19.00M |
| Intangible Assets | $8.10M | $13.60M |
| Total Assets | $1.92B | $1.85B |
| Total Liabilities | $1.40B | $1.26B |
| Common Stock | - | - |
| Retained Earnings | $-1.44B | $-1.30B |
| Total Stockholders Equity | $516.20M | $593.40M |
| Total Liabilities & Equity | $1.92B | $1.85B |
Condensed Consolidated Statements of Cash Flows
| Description | Sep 30, 2025 | Sep 30, 2025 | ||
|---|---|---|---|---|
| Current | Prior Year | Current YTD | Prior Year YTD | |
| Net Income | $-37.50M | $-57.20M | $-143.80M | - |
| Depreciation & Amortization | - | - | $12.60M | - |
| Stock-based Compensation | - | - | $42.80M | - |
| Change in Payables | - | - | $600.00K | - |
| Operating Cash Flow | - | - | $-37.20M | - |
| Capital Expenditure | - | - | $6.30M | - |
| Purchases of Investments | - | - | $23.70M | - |
| Investing Cash Flow | - | - | $-70.20M | - |
| Financing Cash Flow | - | - | $68.10M | - |
| Net Change in Cash | - | - | $-30.20M | - |
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.