$597.97M
Revenue
$35.92M
Net Income
87.52%
Gross Margin
6.38%
Op. Margin
$174.11M
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 | $597.97M | $423.24M | $270.26M | $220.18M | $38.54M |
| Revenue Growth % | 41.3% | 56.6% | 22.7% | 471.2% | nan% |
| Cost of Revenue | $74.62M | $60.91M | $33.41M | $22.89M | $9.10M |
| Gross Profit | $523.35M | $362.33M | $236.85M | $197.28M | $29.44M |
| Gross Margin % | 87.5% | 85.6% | 87.6% | 89.6% | 76.4% |
| Research & Development | $97.46M | $111.62M | $76.10M | $65.49M | $99.30M |
| Selling General & Admin | $180.03M | $168.01M | $129.43M | $97.95M | $85.95M |
| Operating Income | $38.15M | $-45.62M | $-25.20M | $9.77M | $-156.64M |
| Operating Margin % | 6.4% | -10.8% | -9.3% | 4.4% | -406.4% |
| Interest Income | - | $9.04M | $8.23M | - | $97.00K |
| Income Before Tax | $48.62M | $-36.15M | $-16.65M | $11.03M | $-156.54M |
| Income Tax Expense | $12.70M | $7.04M | $-30.74M | $-172.34M | $1.39M |
| Net Income | $35.92M | $-43.19M | $14.08M | $183.36M | $-157.92M |
| Net Margin % | 6.0% | -10.2% | 5.2% | 83.3% | -409.7% |
| Basic EPS | 0.49 | -0.60 | 0.20 | 2.64 | -2.30 |
| Diluted EPS | 0.45 | -0.60 | 0.20 | 2.60 | -2.30 |
| Basic Shares Outstanding | 74.7M | 71.4M | 70.1M | 69.4M | 68.6M |
| Diluted Shares Outstanding | 80.0M | 71.4M | 71.9M | 70.4M | 68.6M |
| Breakdown | FY 2024 (Dec 31, 2024) |
FY 2023 (Dec 31, 2023) |
FY 2022 (Dec 31, 2022) |
FY 2021 (Dec 31, 2021) |
|---|---|---|---|---|
| Cash & Cash Equivalents | $183.58M | $107.95M | $122.72M | $122.47M |
| Short-term Investments | $60.05M | $98.42M | $67.89M | $59.73M |
| Accounts Receivable | $41.72M | $21.27M | $12.66M | $3.98M |
| Inventory | $26.36M | $31.12M | $21.60M | $3.67M |
| Other Current Assets | $20.08M | $17.54M | $10.54M | $6.58M |
| Total Current Assets | $331.80M | $276.30M | $243.06M | $196.45M |
| Property Plant & Equipment | $662.00K | $734.00K | $1.66M | $2.83M |
| Intangible Assets | $16.25M | $17.25M | $18.25M | $19.25M |
| Other Non-current Assets | $10.31M | $827.00K | $5.82M | $8.72M |
| Total Assets | $580.55M | $526.32M | $459.67M | $232.80M |
| Accounts Payable | $2.04M | $8.25M | $7.90M | $1.87M |
| Accrued Liabilities | $32.35M | $44.67M | $30.11M | $38.03M |
| Deferred Revenue | - | $307.00K | - | - |
| Other Current Liabilities | $16.08M | $8.19M | $5.75M | $1.54M |
| Total Current Liabilities | $100.62M | $63.67M | $47.07M | $44.82M |
| Other Non-current Liabilities | $1.82M | $1.86M | $1.84M | $270.00K |
| Total Liabilities | $142.12M | $87.48M | $63.52M | $47.76M |
| Retained Earnings | $-521.14M | $-477.95M | $-492.03M | $-675.40M |
| Total Stockholders Equity | $438.44M | $438.84M | $396.15M | $185.04M |
| Total Liabilities & Equity | $580.55M | $526.32M | $459.67M | $232.80M |
| 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 | $44.46M | $-43.19M | $14.08M | $183.36M | $-157.92M |
| Depreciation & Amortization | $2.54M | $1.70M | $2.34M | $2.40M | $2.35M |
| Stock-based Compensation | $42.81M | $30.69M | $27.15M | $25.12M | $25.17M |
| Deferred Income Tax | $9.69M | $8.13M | $-33.79M | $-185.50M | $11.00K |
| Change in Receivables | $15.38M | $20.46M | $8.61M | $8.68M | $3.91M |
| Change in Inventory | $30.24M | $-4.76M | $9.52M | $17.92M | $3.67M |
| Change in Payables | $5.03M | $-6.31M | $347.00K | $6.03M | $1.37M |
| Operating Cash Flow | $175.60M | $25.69M | $13.30M | $5.81M | $-126.30M |
| Capital Expenditure | $1.49M | $277.00K | $130.00K | $105.00K | $415.00K |
| Investing Cash Flow | $-159.85M | $37.67M | $-29.56M | $-8.08M | $128.63M |
| Financing Cash Flow | $43.74M | $12.27M | $1.50M | $2.52M | $5.88M |
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 | $180.85M | - | $475.44M | - |
| Cost of Revenue | $20.26M | - | $56.73M | - |
| Research & Development | $24.17M | - | $62.24M | - |
| Selling General & Admin | $49.10M | - | $139.50M | - |
| Operating Income | $24.02M | - | $57.45M | - |
| Income Before Tax | $27.16M | - | $65.60M | - |
| Income Tax Expense | $8.72M | - | $20.79M | - |
| Net Income | $18.43M | $-3.91M | $44.81M | - |
| Basic EPS | 0.25 | - | 0.61 | - |
| Diluted EPS | 0.23 | - | 0.57 | - |
| Basic Shares Outstanding | $74.71M | - | $73.61M | - |
| Diluted Shares Outstanding | $80.04M | - | $78.03M | - |
Condensed Consolidated Balance Sheets
| Description | Sep 30, 2025 | Dec 31, 2024 |
|---|---|---|
| Cash & Cash Equivalents | $174.86M | $183.58M |
| Short-term Investments | $177.24M | $60.05M |
| Accounts Receivable | $51.74M | $41.72M |
| Inventory | $41.40M | $26.36M |
| Other Current Assets | $30.29M | $20.08M |
| Total Current Assets | $475.53M | $331.80M |
| Property Plant & Equipment | $1.66M | $662.00K |
| Intangible Assets | $15.50M | $16.25M |
| Other Non-current Assets | $8.29M | $10.31M |
| Total Assets | $712.33M | $580.55M |
| Accounts Payable | $6.15M | $2.04M |
| Accrued Liabilities | $30.94M | $32.35M |
| Other Current Liabilities | $20.52M | $16.08M |
| Total Current Liabilities | $123.59M | $100.62M |
| Other Non-current Liabilities | $14.53M | $1.82M |
| Total Liabilities | $176.95M | $142.12M |
| Retained Earnings | $-476.34M | $-521.14M |
| Total Stockholders Equity | $535.38M | $438.44M |
| Total Liabilities & Equity | $712.33M | $580.55M |
Condensed Consolidated Statements of Cash Flows
| Description | Sep 30, 2025 | Sep 30, 2025 | ||
|---|---|---|---|---|
| Current | Prior Year | Current YTD | Prior Year YTD | |
| Net Income | $18.43M | $-3.91M | $44.81M | - |
| Depreciation & Amortization | - | - | $1.09M | - |
| Stock-based Compensation | $10.14M | - | $26.77M | - |
| Deferred Income Tax | $4.23M | - | $9.86M | - |
| Change in Receivables | - | - | $10.02M | - |
| Change in Inventory | - | - | $15.03M | - |
| Change in Payables | - | - | $4.26M | - |
| Operating Cash Flow | - | - | $84.09M | - |
| Capital Expenditure | - | - | $935.00K | - |
| Investing Cash Flow | - | - | $-118.18M | - |
| Financing Cash Flow | - | - | $25.36M | - |
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.