$460.16M
Revenue
$-175.54M
Net Income
58.60%
Gross Margin
-49.86%
Op. Margin
$-319.26M
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 | $460.16M | $460.16M | $398.99M | $266.72M | $215.04M | $144.31M |
| Revenue Growth % | 0.0% | 15.3% | 49.6% | 24.0% | 49.0% | nan% |
| Cost of Revenue | $190.52M | $190.52M | $147.12M | $95.82M | $74.02M | $52.24M |
| Gross Profit | $269.64M | $269.64M | $251.87M | $170.90M | $141.02M | $92.07M |
| Gross Margin % | 58.6% | 58.6% | 63.1% | 64.1% | 65.6% | 63.8% |
| Research & Development | $220.90M | $220.90M | $234.50M | $265.87M | $286.41M | $573.31M |
| Selling General & Admin | $277.61M | $277.61M | $298.74M | $281.61M | $258.97M | $218.83M |
| Operating Income | $-229.43M | $-229.43M | $-282.12M | $-366.57M | $-404.36M | $-700.06M |
| Operating Margin % | -49.9% | -49.9% | -70.7% | -137.4% | -188.0% | -485.1% |
| Interest Expense | $8.28M | $4.88M | $2.25M | - | - | - |
| Interest Income | $33.05M | $33.05M | $37.10M | $39.80M | $14.58M | $2.19M |
| Other Income/Expense | $3.54M | $3.54M | $5.30M | $7.01M | $3.11M | $-5.54M |
| Income Before Tax | $-178.46M | $-178.46M | $-257.10M | $-334.62M | $-443.06M | $-703.41M |
| Income Tax Expense | $-2.93M | $-2.93M | - | - | - | - |
| Net Income | $-175.54M | $-175.54M | $-257.10M | $-334.62M | $-443.29M | $-704.47M |
| Net Margin % | -38.1% | -38.1% | -64.4% | -125.5% | -206.1% | -488.2% |
| Basic EPS | -0.16 | -0.16 | -0.26 | -0.35 | -0.46 | -0.76 |
| Diluted EPS | -0.16 | -0.16 | -0.26 | -0.35 | -0.46 | -0.76 |
| Basic Shares Outstanding | - | 1.10B | 989.5M | 966.4M | 958.1M | 929.9M |
| Diluted Shares Outstanding | - | 1.10B | 989.5M | 966.4M | 958.1M | 929.9M |
| 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 | $679.57M | $449.67M | $790.15M | $1.01B | $964.10M |
| Short-term Investments | $10.00M | $330.00M | $16.30M | - | $445.00M |
| Accounts Receivable | $106.12M | $85.18M | $59.20M | $39.96M | $47.47M |
| Inventory | $74.75M | $39.88M | $44.83M | $31.62M | $18.95M |
| Other Current Assets | $36.68M | $41.53M | $23.00M | $35.67M | $18.02M |
| Total Current Assets | $1.02B | $1.05B | $939.61M | $1.12B | $1.50B |
| Property Plant & Equipment | $47.39M | $47.96M | $53.73M | $57.86M | $43.10M |
| Intangible Assets | $76.14M | $56.03M | $13.39M | $1.51M | $1.85M |
| Long-term Investments | - | $3.12M | $9.22M | $6.43M | $15.61M |
| Other Non-current Assets | $3.05M | $5.77M | - | - | - |
| Total Assets | $1.17B | $1.19B | $1.04B | $1.22B | $1.61B |
| Accounts Payable | $141.61M | $100.91M | $112.99M | $65.97M | $126.16M |
| Short-term Debt | $204.53M | $131.71M | - | - | - |
| Other Current Liabilities | $63.68M | $58.72M | $82.97M | $66.82M | $60.81M |
| Total Current Liabilities | $416.17M | $299.38M | $203.07M | $139.84M | $192.90M |
| Other Non-current Liabilities | - | $325.00K | $325.00K | - | - |
| Total Liabilities | $456.88M | $344.86M | $240.18M | $174.54M | $230.00M |
| Common Stock | $7.00K | $7.00K | $6.00K | $6.00K | $6.00K |
| Retained Earnings | $-2.63B | $-2.45B | $-2.20B | $-1.86B | $-1.42B |
| Treasury Stock | - | - | - | - | $4.28M |
| Total Stockholders Equity | $715.50M | $840.90M | $796.12M | $1.05B | $1.38B |
| Total Liabilities & Equity | $1.17B | $1.19B | $1.04B | $1.22B | $1.61B |
| 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 | $-175.54M | $-175.54M | $-257.10M | $-334.62M | $-443.29M | $-704.47M |
| Depreciation & Amortization | $25.66M | $15.01M | $11.86M | $9.03M | $8.23M | $6.49M |
| Stock-based Compensation | $114.17M | $65.60M | $70.65M | $79.63M | $61.30M | $40.71M |
| Change in Receivables | $13.14M | $18.93M | $26.98M | $20.04M | $-4.33M | $42.32M |
| Change in Inventory | $82.32M | $47.03M | $-3.90M | $14.91M | $15.38M | $7.17M |
| Change in Payables | $29.12M | $19.93M | $-2.21M | $36.80M | $-53.77M | $63.52M |
| Operating Cash Flow | $-305.21M | $-150.79M | $-214.87M | $-198.18M | $-367.64M | $-549.23M |
| Capital Expenditure | $14.05M | $8.10M | $5.66M | $7.21M | $24.59M | $18.30M |
| Investing Cash Flow | $957.21M | $307.87M | $-375.19M | $-10.78M | $420.02M | $249.96M |
| Stock Issued | - | - | $217.35M | - | - | - |
| Financing Cash Flow | $167.48M | $72.35M | $349.89M | $-6.43M | $-1.73M | $820.20M |
| Net Change in Cash | $820.11M | $229.91M | $-240.48M | $-218.01M | $44.37M | $522.04M |
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 | $116.09M | - | $332.56M | - |
| Cost of Revenue | $46.76M | - | $128.22M | - |
| Research & Development | $47.93M | - | $159.27M | - |
| Selling General & Admin | $70.11M | - | $204.57M | - |
| Operating Income | $-48.82M | - | $-160.03M | - |
| Interest Expense | $1.40M | - | $3.61M | - |
| Interest Income | $8.35M | - | $25.79M | - |
| Other Income/Expense | $-508.00K | - | $3.04M | - |
| Income Before Tax | $-35.96M | - | $-125.13M | - |
| Income Tax Expense | - | - | - | - |
| Net Income | $-35.96M | $-80.28M | $-125.13M | - |
| Basic EPS | -0.03 | - | -0.11 | - |
| Diluted EPS | -0.03 | - | -0.11 | - |
| Basic Shares Outstanding | $1.10B | - | $1.09B | - |
| Diluted Shares Outstanding | $1.10B | - | $1.09B | - |
Condensed Consolidated Balance Sheets
| Description | Sep 30, 2025 | Dec 31, 2024 |
|---|---|---|
| Cash & Cash Equivalents | $717.15M | $449.67M |
| Short-term Investments | - | $330.00M |
| Accounts Receivable | $85.38M | $85.18M |
| Inventory | $67.14M | $39.88M |
| Other Current Assets | $43.65M | $41.53M |
| Total Current Assets | $1.03B | $1.05B |
| Property Plant & Equipment | $48.87M | $47.96M |
| Intangible Assets | $55.28M | $56.03M |
| Other Non-current Assets | $2.13M | $5.77M |
| Total Assets | $1.16B | $1.19B |
| Accounts Payable | $99.71M | $100.91M |
| Short-term Debt | $203.03M | $131.71M |
| Other Current Liabilities | $51.54M | $58.72M |
| Total Current Liabilities | $359.77M | $299.38M |
| Other Non-current Liabilities | $325.00K | $325.00K |
| Total Liabilities | $399.00M | $344.86M |
| Common Stock | $7.00K | $7.00K |
| Retained Earnings | $-2.58B | $-2.45B |
| Total Stockholders Equity | $759.95M | $840.90M |
| Total Liabilities & Equity | $1.16B | $1.19B |
Condensed Consolidated Statements of Cash Flows
| Description | Sep 30, 2025 | Sep 30, 2025 | ||
|---|---|---|---|---|
| Current | Prior Year | Current YTD | Prior Year YTD | |
| Net Income | $-35.96M | $-80.28M | $-125.13M | - |
| Depreciation & Amortization | - | - | $11.09M | - |
| Stock-based Compensation | - | - | $49.70M | - |
| Change in Receivables | - | - | $-726.00K | - |
| Change in Inventory | - | - | $28.11M | - |
| Change in Payables | - | - | $-426.00K | - |
| Operating Cash Flow | - | - | $-124.77M | - |
| Capital Expenditure | - | - | $7.42M | - |
| Investing Cash Flow | - | - | $319.16M | - |
| Financing Cash Flow | - | - | $72.78M | - |
| Net Change in Cash | - | - | $267.49M | - |
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.