$460.16M
Revenue
$-175.54M
Net Income
58.60%
Gross Margin
-49.86%
Op. Margin
$-319.26M
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) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | $127.60M | $116.09M | $109.98M | $106.49M | $109.07M | $102.27M | $100.50M | $87.15M | $65.83M | $69.23M | $68.86M | $62.80M | $62.60M | $57.54M |
| Revenue Growth % (YoY) | 17.0% | 13.5% | 9.4% | 22.2% | 65.7% | 47.7% | 45.9% | 38.8% | 5.2% | 20.3% | nan% | nan% | nan% | nan% |
| Cost of Revenue | $62.30M | $46.76M | $43.00M | $38.45M | $41.78M | $36.57M | $35.15M | $33.62M | $25.24M | $25.48M | $23.76M | $21.34M | $20.92M | $20.04M |
| Gross Profit | $65.30M | $69.33M | $66.97M | $68.03M | $67.29M | $65.70M | $65.36M | $53.53M | $40.59M | $43.75M | $45.10M | $41.46M | $41.68M | $37.50M |
| Gross Margin % | 51.2% | 59.7% | 60.9% | 63.9% | 61.7% | 64.2% | 65.0% | 61.4% | 61.7% | 63.2% | 65.5% | 66.0% | 66.6% | 65.2% |
| Research & Development | $61.63M | $47.93M | $50.61M | $60.73M | $52.25M | $65.98M | $61.62M | $54.65M | $81.95M | $58.77M | $76.68M | $48.47M | $66.95M | $99.52M |
| Selling General & Admin | $73.04M | $70.11M | $71.04M | $63.42M | $82.62M | $67.22M | $79.71M | $69.19M | $82.63M | $68.55M | $67.92M | $62.51M | $72.02M | $66.56M |
| Operating Income | $-69.41M | $-48.82M | $-54.90M | $-56.31M | $-67.89M | $-67.85M | $-76.06M | $-70.31M | $-123.98M | $-83.57M | $-89.50M | $-69.52M | $-97.29M | $-128.58M |
| Operating Margin % | -54.4% | -42.1% | -49.9% | -52.9% | -62.2% | -66.4% | -75.7% | -80.7% | -188.3% | -120.7% | -130.0% | -110.7% | -155.4% | -223.5% |
| Interest Expense | $1.27M | $3.61M | $2.30M | $1.10M | $904.00K | $1.17M | $496.00K | $113.00K | - | - | - | - | - | - |
| Interest Income | $7.25M | $8.35M | $8.84M | $8.61M | $9.09M | $9.03M | $9.33M | $9.66M | $10.30M | $9.17M | $10.09M | $10.23M | $9.35M | $3.87M |
| Other Income/Expense | $495.00K | $-508.00K | $3.75M | $-197.00K | $1.44M | $3.44M | $-8.94M | $9.36M | $6.78M | $394.00K | $-1.41M | $1.23M | $82.58M | $-36.48M |
| Income Before Tax | $-53.34M | $-35.96M | $-40.73M | $-48.44M | $-81.68M | $-41.67M | $-80.28M | $-53.47M | $-95.43M | $-69.15M | $-120.89M | $-49.14M | $-61.77M | $-161.19M |
| Income Tax Expense | $-2.93M | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Net Income | $-50.41M | $-35.96M | $-40.73M | $-48.44M | $-81.68M | $-41.67M | $-80.28M | $-53.47M | $-95.43M | $-69.15M | $-120.89M | $-49.14M | $-61.77M | $-161.19M |
| Net Margin % | -39.5% | -31.0% | -37.0% | -45.5% | -74.9% | -40.7% | -79.9% | -61.4% | -145.0% | -99.9% | -175.6% | -78.3% | -98.7% | -280.1% |
| Basic EPS | -0.05 | -0.03 | -0.04 | -0.04 | -0.08 | -0.04 | -0.08 | -0.05 | -0.10 | -0.07 | -0.13 | -0.05 | -0.06 | -0.17 |
| Diluted EPS | -0.05 | -0.03 | -0.04 | -0.04 | -0.08 | -0.04 | -0.08 | -0.05 | -0.10 | -0.07 | -0.13 | -0.05 | -0.06 | -0.17 |
| Basic Shares Outstanding | - | 1.10B | 1.09B | 1.08B | 12.5M | 981.7M | 975.9M | 973.1M | 1.3M | 968.8M | 964.8M | 961.4M | 627K | 959.1M |
| Diluted Shares Outstanding | - | 1.10B | 1.09B | 1.08B | 12.5M | 981.7M | 975.9M | 973.1M | 1.3M | 968.8M | 964.8M | 961.4M | 627K | 959.1M |
| 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) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Cash Equivalents | $679.57M | $717.15M | $732.16M | $757.26M | $449.67M | $616.09M | $630.05M | $650.78M | $790.15M | $788.81M | $859.15M | $879.84M | $1.01B | $1.12B |
| Short-term Investments | $10.00M | - | - | - | $330.00M | - | - | - | $16.30M | $31.60M | $15.50M | $50.55M | - | - |
| Accounts Receivable | $106.12M | $85.38M | $88.50M | $76.56M | $85.18M | $49.97M | $69.64M | $60.42M | $59.20M | $41.60M | $47.28M | $43.35M | $39.96M | $27.74M |
| Inventory | $74.75M | $67.14M | $61.70M | $53.05M | $39.88M | $39.55M | $41.85M | $37.85M | $44.83M | $44.23M | $36.35M | $38.41M | $31.62M | $29.13M |
| Other Current Assets | $36.68M | $43.65M | $40.75M | $43.88M | $41.53M | $35.67M | $20.29M | $24.22M | $23.00M | $29.82M | $38.43M | $42.77M | $35.67M | $22.16M |
| Total Current Assets | $1.02B | $1.03B | $1.03B | $1.04B | $1.05B | $860.55M | $869.92M | $888.64M | $939.61M | $959.73M | $1.02B | $1.07B | $1.12B | $1.21B |
| Property Plant & Equipment | $47.39M | $48.87M | $50.16M | $49.65M | $47.96M | $50.77M | $50.61M | $52.39M | $53.73M | $55.28M | $56.41M | $58.31M | $57.86M | $50.53M |
| Intangible Assets | $76.14M | $55.28M | $56.52M | $56.20M | $56.03M | $51.67M | $44.06M | $12.40M | $13.39M | $1.57M | $1.69M | $1.48M | $1.51M | $1.54M |
| Long-term Investments | - | - | - | - | $3.12M | $3.15M | $4.07M | $14.11M | $9.22M | $4.47M | $5.13M | $6.87M | $6.43M | $3.32M |
| Other Non-current Assets | $3.05M | $2.13M | $2.60M | $2.53M | $5.77M | - | - | - | - | - | - | - | - | - |
| Total Assets | $1.17B | $1.16B | $1.16B | $1.17B | $1.19B | $985.35M | $987.37M | $988.44M | $1.04B | $1.04B | $1.11B | $1.17B | $1.22B | $1.30B |
| Accounts Payable | $141.61M | $99.71M | $107.36M | $103.02M | $100.91M | $120.65M | $127.34M | $88.12M | $112.99M | $55.02M | $67.03M | $66.36M | $65.97M | $90.11M |
| Short-term Debt | $204.53M | $203.03M | $174.51M | $173.41M | $131.71M | $112.99M | $70.30M | $48.27M | - | - | - | - | - | - |
| Other Current Liabilities | $63.68M | $51.54M | $44.05M | $36.81M | $58.72M | $46.08M | $46.49M | $48.18M | $82.97M | $62.99M | $59.02M | $50.88M | $66.82M | $58.46M |
| Total Current Liabilities | $416.17M | $359.77M | $331.50M | $319.81M | $299.38M | $286.31M | $251.72M | $192.11M | $203.07M | $124.90M | $133.35M | $124.56M | $139.84M | $155.55M |
| Other Non-current Liabilities | - | $325.00K | $325.00K | $325.00K | $325.00K | $325.00K | $325.00K | $325.00K | $325.00K | $325.00K | $325.00K | $325.00K | - | - |
| Total Liabilities | $456.88M | $399.00M | $372.37M | $362.58M | $344.86M | $317.68M | $283.19M | $226.27M | $240.18M | $162.72M | $174.06M | $168.83M | $174.54M | $192.65M |
| Common Stock | $7.00K | $7.00K | $7.00K | $7.00K | $7.00K | $6.00K | $6.00K | $6.00K | $6.00K | $6.00K | $6.00K | $6.00K | $6.00K | $6.00K |
| Retained Earnings | $-2.63B | $-2.58B | $-2.54B | $-2.50B | $-2.45B | $-2.37B | $-2.33B | $-2.25B | $-2.20B | $-2.10B | $-2.03B | $-1.91B | $-1.86B | $-1.80B |
| Total Stockholders Equity | $715.50M | $759.95M | $791.74M | $810.75M | $840.90M | $667.67M | $704.18M | $762.17M | $796.12M | $880.98M | $932.31M | $1.00B | $1.05B | $1.11B |
| Total Liabilities & Equity | $1.17B | $1.16B | $1.16B | $1.17B | $1.19B | $985.35M | $987.37M | $988.44M | $1.04B | $1.04B | $1.11B | $1.17B | $1.22B | $1.30B |
| 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) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $-50.41M | $-35.96M | $-40.73M | $-48.44M | $-81.68M | $-41.67M | $-133.75M | $-53.47M | $-95.43M | $-69.15M | $-170.04M | $-49.14M | $-61.77M | $-161.19M |
| Depreciation & Amortization | $3.92M | $11.09M | $7.19M | $3.46M | $3.03M | $8.82M | $5.95M | $3.01M | $2.46M | $6.57M | $4.65M | $2.66M | $2.13M | $6.10M |
| Stock-based Compensation | $15.90M | $49.70M | $32.77M | $15.80M | $17.24M | $53.41M | $36.62M | $17.98M | $20.47M | $59.16M | $37.17M | $16.66M | $15.56M | $45.74M |
| Change in Receivables | $19.66M | $-726.00K | $2.94M | $-8.74M | $36.69M | $-9.71M | $10.84M | $1.33M | $17.22M | $2.82M | $8.86M | $2.85M | $12.15M | $-16.48M |
| Change in Inventory | $18.92M | $28.11M | $22.10M | $13.20M | $507.00K | $-4.40M | $-2.04M | $-6.82M | $499.00K | $14.41M | $6.63M | $6.69M | $2.15M | $13.23M |
| Change in Payables | $20.35M | $-426.00K | $6.47M | $2.72M | $-8.75M | $6.54M | $-6.12M | $-13.37M | $46.30M | $-9.49M | $3.04M | $-327.00K | $-24.92M | $-28.85M |
| Operating Cash Flow | $-26.02M | $-124.77M | $-92.72M | $-61.70M | $-55.77M | $-159.10M | $-132.28M | $-90.11M | $-14.92M | $-183.26M | $-127.99M | $-69.29M | $-109.29M | $-258.35M |
| Capital Expenditure | $677.00K | $7.42M | $4.42M | $1.53M | $2.60M | $3.06M | $1.72M | $974.00K | $222.00K | $6.99M | $5.23M | $3.51M | $4.41M | $20.17M |
| Investing Cash Flow | $-11.30M | $319.16M | $323.21M | $326.13M | $-347.75M | $-27.44M | $2.45M | $3.29M | $14.46M | $-25.23M | $-11.25M | $-53.95M | $-4.37M | $424.39M |
| Financing Cash Flow | $-430.00K | $72.78M | $51.99M | $43.14M | $237.81M | $112.08M | $69.87M | $47.55M | $393.00K | $-6.83M | $-5.38M | $-3.89M | $-199.00K | $-1.53M |
| Net Change in Cash | $-37.58M | $267.49M | $282.60M | $307.60M | $-166.42M | $-74.06M | $-60.10M | $-39.37M | $666.00K | $-218.68M | $-148.33M | $-128.43M | $-111.01M | $155.38M |
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-Q filings.
Quarterly data represents single quarter results (Q1-Q4). Some items may show year-to-date values if quarterly breakdown is unavailable.