$737.90M
Revenue
$-165.50M
Net Income
-
Gross Margin
-
Op. Margin
$-121.50M
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) |
Q2 2023 (Jun 30, 2023) |
Q1 2023 (Mar 31, 2023) |
Q4 2022 (Dec 31, 2022) |
Q3 2022 (Sep 30, 2022) |
Q2 2022 (Jun 30, 2022) |
Q1 2022 (Mar 31, 2022) |
Q4 2021 (Dec 31, 2021) |
Q3 2021 (Sep 30, 2021) |
Q2 2021 (Jun 30, 2021) |
Q1 2021 (Mar 31, 2021) |
Q4 2020 (Dec 31, 2020) |
Q3 2020 (Sep 30, 2020) |
Q2 2020 (Jun 30, 2020) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | $228.10M | $194.50M | $164.10M | $151.20M | $148.80M | $136.60M | $122.00M | $119.10M | $115.50M | $114.50M | $104.60M | $95.20M | $88.40M | $74.00M | $50.00M | $44.30M | $41.00M | $35.70M | $28.20M | $23.50M | $20.50M | $17.80M | $29.90M |
| Revenue Growth % (YoY) | 53.3% | 42.4% | 34.5% | 27.0% | 28.8% | 19.3% | 16.6% | 25.1% | 30.7% | 54.7% | 109.2% | 114.9% | 115.6% | 107.3% | 77.3% | 88.5% | 100.0% | 100.6% | -5.7% | nan% | nan% | nan% | nan% |
| Research & Development | $24.80M | $24.70M | $22.40M | $22.00M | $21.80M | $21.90M | $21.20M | $20.90M | $21.10M | $21.80M | $24.10M | $21.80M | $23.50M | $21.40M | $17.80M | $16.90M | $16.40M | $14.30M | $14.00M | $7.10M | $6.40M | $5.30M | $4.20M |
| Interest Expense | $5.10M | $11.20M | $6.70M | $3.10M | $2.60M | $2.40M | $1.30M | $500.00K | $200.00K | $100.00K | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Income Before Tax | $-20.60M | $-36.30M | $-42.60M | $-61.40M | $-37.80M | $-65.80M | $-55.10M | $-45.20M | $-39.60M | $-59.60M | $-65.90M | $-64.70M | $-68.10M | $-89.10M | $-65.00M | $-72.60M | $-68.40M | $-64.20M | $-52.90M | $-48.10M | $-33.40M | $-30.50M | $-20.70M |
| Income Tax Expense | $1.10M | $1.20M | $1.30M | $1.00M | $-7.80M | $1.90M | $2.10M | $2.10M | $2.80M | $1.90M | $1.30M | $1.10M | $-4.40M | $2.30M | $2.90M | $2.20M | $1.90M | $2.20M | $2.70M | $900.00K | $500.00K | $400.00K | $300.00K |
| Net Income | $-21.70M | $-37.50M | $-43.90M | $-62.40M | $-30.00M | $-67.70M | $-57.20M | $-47.30M | $-42.40M | $-61.50M | $-67.20M | $-65.80M | $-63.70M | $-91.40M | $-67.90M | $-74.80M | $-70.30M | $-66.40M | $-55.60M | $-49.00M | $-33.90M | $-30.90M | $-21.00M |
| Net Margin % | -9.5% | -19.3% | -26.8% | -41.3% | -20.2% | -49.6% | -46.9% | -39.7% | -36.7% | -53.7% | -64.2% | -69.1% | -72.1% | -123.5% | -135.8% | -168.8% | -171.5% | -186.0% | -197.2% | -208.5% | -165.4% | -173.6% | -70.2% |
| Basic EPS | -0.28 | -0.51 | -0.60 | -0.86 | -0.41 | -0.95 | -0.81 | -0.67 | -0.60 | -0.88 | -0.97 | -0.95 | -0.90 | -1.37 | -1.10 | -1.21 | -1.14 | -1.08 | -0.90 | -0.81 | -0.22 | nan | nan |
| Diluted EPS | -0.28 | -0.51 | -0.60 | -0.86 | -0.41 | -0.95 | -0.81 | -0.67 | -0.60 | -0.88 | -0.97 | -0.95 | -0.90 | -1.37 | -1.10 | -1.21 | -1.14 | -1.08 | -0.90 | -0.81 | -0.22 | nan | nan |
| Basic Shares Outstanding | - | 74.2M | 73.4M | 72.9M | 307K | 71.1M | 70.7M | 70.3M | 117K | 69.8M | 69.5M | 69.3M | 1.4M | 66.9M | 61.8M | 61.7M | 138K | 61.6M | 61.4M | 60.2M | 7.7M | - | - |
| Diluted Shares Outstanding | - | 74.2M | 73.4M | 72.9M | 307K | 71.1M | 70.7M | 70.3M | 117K | 69.8M | 69.5M | 69.3M | 1.4M | 66.9M | 61.8M | 61.7M | 138K | 61.6M | 61.4M | 60.2M | 7.7M | - | - |
| 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) |
Q2 2023 (Jun 30, 2023) |
Q1 2023 (Mar 31, 2023) |
Q4 2022 (Dec 31, 2022) |
Q3 2022 (Sep 30, 2022) |
Q2 2022 (Jun 30, 2022) |
Q1 2022 (Mar 31, 2022) |
Q4 2021 (Dec 31, 2021) |
Q3 2021 (Sep 30, 2021) |
Q2 2021 (Jun 30, 2021) |
Q1 2021 (Mar 31, 2021) |
Q4 2020 (Dec 31, 2020) |
Q3 2020 (Sep 30, 2020) |
Q2 2020 (Jun 30, 2020) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Cash Equivalents | $385.00M | - | - | - | $376.00M | - | - | - | - | - | - | - | - | - | $199.60M | - | - | - | - | - | - | - | - |
| Short-term Investments | $14.10M | $23.50M | $21.30M | $20.50M | $27.50M | $31.10M | $44.00M | $22.10M | $45.80M | $73.40M | $71.30M | $89.40M | $99.80M | $142.80M | $85.90M | $83.20M | $110.40M | $107.50M | - | - | - | $15.00M | $29.90M |
| Property Plant & Equipment | $15.80M | $15.30M | $16.00M | $16.20M | $16.10M | $16.00M | $16.30M | $17.20M | $17.40M | $17.40M | $19.00M | $19.80M | $19.60M | $19.10M | $13.20M | $13.00M | $11.70M | $10.80M | $8.80M | $6.90M | $5.70M | $5.10M | $4.30M |
| Goodwill | $19.00M | $19.00M | $19.00M | $19.00M | $19.00M | $19.00M | $19.00M | $19.00M | $19.00M | $19.00M | $19.00M | $19.00M | $19.00M | $10.90M | - | - | - | - | - | - | - | - | - |
| Intangible Assets | $8.10M | $8.10M | $8.80M | $11.20M | $13.60M | $15.80M | $18.20M | $20.50M | $22.90M | $25.20M | $27.50M | $29.80M | $32.50M | $35.70M | - | - | $600.00K | - | - | - | - | - | - |
| Total Assets | $1.93B | $1.92B | $1.93B | $1.86B | $1.85B | $1.82B | $1.71B | $1.65B | $1.63B | $1.65B | $1.61B | $1.64B | $1.69B | $1.71B | $1.46B | $1.50B | $1.51B | $1.52B | $1.49B | $1.48B | $828.70M | $831.50M | $399.90M |
| Total Liabilities | $1.39B | $1.40B | $1.41B | $1.31B | $1.26B | $1.23B | $1.08B | $970.00M | $924.40M | $920.70M | $842.10M | $819.40M | $823.90M | $806.10M | $611.80M | $582.70M | $522.30M | $473.70M | $385.70M | $333.80M | $287.70M | $262.50M | $141.30M |
| Common Stock | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Retained Earnings | $-1.46B | $-1.44B | $-1.41B | $-1.36B | $-1.30B | $-1.27B | $-1.20B | $-1.14B | $-1.10B | $-1.05B | $-992.70M | $-925.50M | $-859.70M | $-796.00M | $-704.60M | $-636.70M | $-561.90M | $-491.60M | $-425.20M | $-369.60M | $-320.60M | $-286.70M | $-255.80M |
| Total Stockholders Equity | $533.60M | $516.20M | $527.10M | $545.50M | $593.40M | $593.00M | $635.20M | $676.40M | $708.90M | $726.90M | $771.00M | $821.80M | $866.80M | $906.80M | $849.10M | $912.70M | $988.20M | $1.05B | $1.10B | $1.14B | $541.00M | $569.00M | $-221.60M |
| Total Liabilities & Equity | $1.93B | $1.92B | $1.93B | $1.86B | $1.85B | $1.82B | $1.71B | $1.65B | $1.63B | $1.65B | $1.61B | $1.64B | $1.69B | $1.71B | $1.46B | $1.50B | $1.51B | $1.52B | $1.49B | $1.48B | $828.70M | $831.50M | $399.90M |
| 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) |
Q2 2023 (Jun 30, 2023) |
Q1 2023 (Mar 31, 2023) |
Q4 2022 (Dec 31, 2022) |
Q3 2022 (Sep 30, 2022) |
Q2 2022 (Jun 30, 2022) |
Q1 2022 (Mar 31, 2022) |
Q4 2021 (Dec 31, 2021) |
Q3 2021 (Sep 30, 2021) |
Q2 2021 (Jun 30, 2021) |
Q1 2021 (Mar 31, 2021) |
Q4 2020 (Dec 31, 2020) |
Q3 2020 (Sep 30, 2020) |
Q2 2020 (Jun 30, 2020) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $-21.70M | $-37.50M | $-43.90M | $-62.40M | $-30.00M | $-172.20M | $-104.50M | $-47.30M | $-42.40M | $-194.50M | $-67.20M | $-65.80M | $-63.70M | $-91.40M | $-67.90M | $-74.80M | $-70.30M | $-171.00M | $-55.60M | $-49.00M | $-33.90M | $-88.40M | $-57.50M |
| Depreciation & Amortization | $2.60M | $12.60M | $9.20M | $4.50M | $4.70M | $15.30M | $10.20M | $5.00M | $4.80M | $15.20M | $10.20M | $5.10M | $5.40M | - | - | - | - | - | - | - | - | - | - |
| Stock-based Compensation | $18.50M | $42.80M | $25.70M | $10.30M | $17.30M | $47.20M | $30.30M | $14.90M | $14.30M | $45.60M | $30.20M | $15.40M | $15.70M | $43.60M | $28.00M | $14.10M | $13.40M | $30.70M | $18.00M | $6.10M | $3.30M | $7.30M | $4.60M |
| Change in Payables | $-4.60M | $600.00K | $-2.30M | $-1.10M | $3.50M | $400.00K | - | - | $-2.10M | $1.60M | $-400.00K | $800.00K | $-400.00K | $-300.00K | $300.00K | $1.60M | $-2.00M | $1.60M | $-100.00K | $-400.00K | $400.00K | $300.00K | $100.00K |
| Operating Cash Flow | $20.70M | $-37.20M | $-41.70M | $-47.20M | $13.80M | $-25.20M | $-41.50M | $-29.80M | $-16.10M | $-103.00M | $-96.70M | $-46.40M | $-28.60M | $-134.40M | $-79.70M | $-39.50M | $-49.90M | $-94.70M | $-56.50M | $-40.30M | $-20.70M | $-71.00M | $-35.30M |
| Capital Expenditure | $3.10M | $6.30M | $4.40M | $2.30M | $3.20M | $6.20M | $4.00M | $2.50M | $2.40M | $6.80M | $4.60M | $2.70M | $2.60M | $7.50M | $4.60M | $2.80M | $2.00M | $7.40M | $4.70M | $2.00M | $1.30M | $3.10M | $1.90M |
| Acquisitions | - | - | - | - | - | - | - | - | - | - | - | - | - | $-98.80M | - | - | - | - | - | - | - | - | - |
| Purchases of Investments | $4.00M | $23.70M | $8.70M | $2.00M | $9.10M | $49.00M | $41.70M | $5.40M | - | $71.50M | $52.20M | $23.20M | $18.40M | $118.30M | $57.30M | $17.90M | $23.30M | $107.50M | - | - | - | $14.90M | $14.90M |
| Investing Cash Flow | $-18.90M | $-70.20M | $-10.80M | $-40.30M | $2.50M | $38.10M | $92.20M | $30.90M | $40.60M | $48.10M | $4.40M | $15.30M | $87.50M | $93.60M | $13.00M | $4.10M | $2.30M | $-807.10M | $-69.30M | $-2.00M | $13.80M | $36.30M | $22.50M |
| Financing Cash Flow | $38.50M | $68.10M | $44.10M | $20.00M | $35.00M | $52.70M | $29.10M | $13.50M | $7.20M | $8.20M | $300.00K | $100.00K | $300.00K | $3.30M | $1.00M | $600.00K | $600.00K | $649.00M | $648.10M | $646.40M | $1.50M | $339.60M | $1.40M |
| Net Change in Cash | $41.30M | $-30.20M | $300.00K | $-66.00M | $47.90M | $66.30M | $78.20M | $13.70M | $33.40M | $-48.40M | $-92.70M | $-31.70M | $61.50M | $-45.60M | $-71.00M | $-35.60M | $-49.00M | $-251.80M | $521.30M | $603.30M | $-4.30M | $305.40M | $-11.50M |
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-Q filings.
Quarterly data represents single quarter results (Q1-Q4). Some items may show year-to-date values if quarterly breakdown is unavailable.