$597.97M
Revenue
$35.92M
Net Income
87.52%
Gross Margin
6.38%
Op. Margin
$174.11M
Free Cash Flow
| Breakdown | 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 | $180.85M | $156.80M | $137.78M | $122.54M | $112.21M | $108.63M | $79.86M | $83.39M | $67.05M | $71.47M | $48.34M | $61.88M | $99.14M |
| Revenue Growth % (YoY) | 61.2% | 44.3% | 72.5% | 46.9% | 67.4% | 52.0% | 65.2% | 34.8% | -32.4% | nan% | nan% | nan% | nan% |
| Cost of Revenue | $20.26M | $18.60M | $17.87M | $17.90M | $20.11M | $12.32M | $10.58M | $9.58M | $9.09M | $7.70M | $7.04M | $6.71M | $11.56M |
| Gross Profit | $160.60M | $138.19M | $119.92M | $104.64M | $92.11M | $96.31M | $69.28M | $73.81M | $57.96M | $63.77M | $41.31M | $55.17M | $87.58M |
| Gross Margin % | 88.8% | 88.1% | 87.0% | 85.4% | 82.1% | 88.7% | 86.7% | 88.5% | 86.4% | 89.2% | 85.4% | 89.2% | 88.3% |
| Research & Development | $24.17M | $18.75M | $19.32M | $35.22M | $26.06M | $24.02M | $26.33M | $20.05M | $17.11M | $23.77M | $15.17M | $14.39M | $16.48M |
| Selling General & Admin | $49.10M | $46.86M | $43.53M | $40.53M | $46.40M | $42.40M | $38.68M | $36.74M | $34.47M | $29.18M | $29.05M | $27.21M | $24.68M |
| Operating Income | $24.02M | $20.16M | $13.27M | $-19.30M | $-9.66M | $-117.00K | $-16.54M | $81.00K | $-10.93M | $-3.15M | $-11.20M | $6.05M | $46.41M |
| Operating Margin % | 13.3% | 12.9% | 9.6% | -15.7% | -8.6% | -0.1% | -20.7% | 0.1% | -16.3% | -4.4% | -23.2% | 9.8% | 46.8% |
| Interest Income | - | - | - | - | - | - | - | - | - | - | - | - | $322.00K |
| Income Before Tax | $27.16M | $22.88M | $15.56M | $-16.98M | $-7.20M | $2.30M | $-14.28M | $2.45M | $-8.50M | $-1.24M | $-9.36M | $6.84M | $46.73M |
| Income Tax Expense | $8.72M | $5.04M | $7.03M | $-8.09M | $5.49M | $6.21M | $3.43M | $-22.79M | $5.36M | $-16.21M | $2.91M | $2.38M | $-177.36M |
| Net Income | $18.43M | $17.83M | $8.54M | $-8.89M | $-12.69M | $-3.91M | $-17.70M | $25.24M | $-13.86M | $14.97M | $-12.27M | $4.46M | $224.09M |
| Net Margin % | 10.2% | 11.4% | 6.2% | -7.3% | -11.3% | -3.6% | -22.2% | 30.3% | -20.7% | 20.9% | -25.4% | 7.2% | 226.0% |
| Basic EPS | 0.25 | 0.24 | 0.12 | -0.12 | -0.18 | -0.06 | -0.25 | 0.36 | -0.20 | 0.21 | -0.18 | 0.06 | 3.23 |
| Diluted EPS | 0.23 | 0.23 | 0.11 | -0.12 | -0.18 | -0.06 | -0.25 | 0.36 | -0.20 | 0.21 | -0.18 | 0.05 | 3.18 |
| Basic Shares Outstanding | 74.7M | 73.4M | 72.6M | 301K | 71.7M | 71.0M | 70.6M | 105K | 70.2M | 69.9M | 69.8M | 77K | 69.4M |
| Diluted Shares Outstanding | 80.0M | 77.9M | 76.1M | 301K | 71.7M | 71.0M | 70.6M | 2.0M | 70.2M | 71.6M | 69.8M | 135K | 70.6M |
| Breakdown | 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 | $174.86M | $192.04M | $157.13M | $183.58M | $97.38M | $99.27M | $141.08M | $107.95M | $117.83M | $112.57M | $80.62M | $122.72M | $175.76M |
| Short-term Investments | $177.24M | $115.75M | $111.21M | $60.05M | $126.40M | $119.49M | $72.47M | $98.42M | $83.26M | $72.42M | $106.88M | $67.89M | $24.96M |
| Accounts Receivable | $51.74M | $31.91M | $40.06M | $41.72M | $24.89M | $20.45M | $15.99M | $21.27M | $3.04M | $24.65M | $7.42M | $12.66M | $11.16M |
| Inventory | $41.40M | $48.18M | $22.07M | $26.36M | $28.68M | $34.86M | $27.28M | $31.12M | $25.58M | $23.96M | $23.43M | $21.60M | $14.62M |
| Other Current Assets | $30.29M | $32.44M | $25.43M | $20.08M | $33.95M | $26.95M | $13.77M | $17.54M | $26.40M | $12.44M | $13.16M | $10.54M | $15.31M |
| Total Current Assets | $475.53M | $420.31M | $355.91M | $331.80M | $311.30M | $301.02M | $270.59M | $276.30M | $256.11M | $246.04M | $231.50M | $243.06M | $241.81M |
| Property Plant & Equipment | $1.66M | $1.08M | $606.00K | $662.00K | $561.00K | $625.00K | $712.00K | $734.00K | $918.00K | $1.14M | $1.39M | $1.66M | $2.00M |
| Intangible Assets | $15.50M | $15.75M | $16.00M | $16.25M | $16.50M | $16.75M | $17.00M | $17.25M | $17.50M | $17.75M | $18.00M | $18.25M | $18.50M |
| Other Non-current Assets | $8.29M | $8.20M | $8.20M | $10.31M | $7.85M | $7.90M | $4.13M | $827.00K | $2.29M | $2.35M | $2.32M | $5.82M | $5.63M |
| Total Assets | $712.33M | $661.15M | $599.33M | $580.55M | $555.30M | $542.43M | $519.67M | $526.32M | $483.06M | $484.33M | $442.86M | $459.67M | $459.95M |
| Accounts Payable | $6.15M | $8.96M | $1.98M | $2.04M | $8.33M | $7.39M | $5.63M | $8.25M | $1.01M | $648.00K | $1.39M | $7.90M | $1.47M |
| Accrued Liabilities | $30.94M | $35.96M | $22.13M | $32.35M | $40.38M | $33.37M | $44.72M | $44.67M | $41.15M | $35.32M | $20.89M | $30.11M | $30.87M |
| Deferred Revenue | - | - | - | - | - | $12.00K | $156.00K | $307.00K | $2.56M | $4.67M | $6.50M | - | $12.09M |
| Other Current Liabilities | $20.52M | $18.00M | $17.09M | $16.08M | $16.07M | $11.48M | $11.43M | $8.19M | $6.43M | $4.60M | $4.33M | $5.75M | $8.79M |
| Total Current Liabilities | $123.59M | $117.83M | $97.27M | $100.62M | $95.95M | $84.29M | $64.21M | $63.67M | $53.47M | $47.47M | $36.59M | $47.07M | $56.49M |
| Other Non-current Liabilities | $14.53M | $9.26M | $5.14M | $1.82M | $1.96M | $1.93M | $1.89M | $1.86M | $1.95M | $1.92M | $1.88M | $1.84M | $1.82M |
| Total Liabilities | $176.95M | $166.14M | $141.84M | $142.12M | $118.29M | $107.33M | $87.78M | $87.48M | $77.94M | $72.68M | $52.77M | $63.52M | $75.94M |
| Retained Earnings | $-476.34M | $-494.77M | $-512.60M | $-521.14M | $-512.25M | $-499.56M | $-495.65M | $-477.95M | $-503.19M | $-489.33M | $-504.30M | $-492.03M | $-496.50M |
| Total Stockholders Equity | $535.38M | $495.01M | $457.49M | $438.44M | $437.01M | $435.10M | $431.89M | $438.84M | $405.13M | $411.66M | $390.10M | $396.15M | $384.01M |
| Total Liabilities & Equity | $712.33M | $661.15M | $599.33M | $580.55M | $555.30M | $542.43M | $519.67M | $526.32M | $483.06M | $484.33M | $442.86M | $459.67M | $459.95M |
| Breakdown | 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 | $18.43M | $26.37M | $8.54M | $-8.89M | $-34.30M | $-3.91M | $-17.70M | $25.24M | $-11.15M | $14.97M | $-12.27M | $4.46M | $178.90M |
| Depreciation & Amortization | $1.09M | $703.00K | $345.00K | $400.00K | $1.29M | $896.00K | $466.00K | $540.00K | $1.80M | $1.20M | $596.00K | $602.00K | $1.80M |
| Stock-based Compensation | $10.14M | $16.62M | $7.75M | $8.30M | $22.39M | $14.57M | $7.21M | $7.77M | $19.38M | $12.59M | $6.12M | $6.37M | $18.75M |
| Deferred Income Tax | $4.23M | $5.64M | $2.99M | $-3.16M | $11.29M | $14.93M | $4.37M | $-25.71M | $-8.08M | $-18.37M | $1.08M | $348.00K | $-185.84M |
| Change in Receivables | $10.02M | $-9.81M | $-1.66M | $16.84M | $3.62M | $-815.00K | $-5.27M | $18.23M | $-9.62M | $11.99M | $-5.24M | $1.50M | $7.17M |
| Change in Inventory | $15.03M | $21.82M | $-4.29M | $-2.32M | $-2.44M | $3.74M | $-3.84M | $5.54M | $3.98M | $2.36M | $1.83M | $6.98M | $10.95M |
| Change in Payables | $4.26M | $6.99M | $62.00K | $-6.28M | $-22.00K | $-933.00K | $-2.66M | $7.23M | $-6.89M | $-7.25M | $-6.51M | $6.43M | $-399.00K |
| Operating Cash Flow | $84.09M | $50.41M | $22.32M | $18.77M | $6.92M | $9.15M | $3.99M | $4.33M | $8.98M | $-8.01M | $-4.27M | $-11.58M | $17.38M |
| Capital Expenditure | $935.00K | $264.00K | $99.00K | $193.00K | $84.00K | $84.00K | $84.00K | $56.00K | $74.00K | $58.00K | $24.00K | $-32.00K | $137.00K |
| Investing Cash Flow | $-118.18M | $-55.42M | $-51.54M | $65.29M | $-27.62M | $-21.27M | $25.52M | $-14.89M | $-14.66M | $-2.39M | $-37.92M | $-42.66M | $34.58M |
| Financing Cash Flow | $25.36M | $13.47M | $2.77M | $2.14M | $10.12M | $3.44M | $3.61M | $695.00K | $800.00K | $248.00K | $90.00K | $1.19M | $1.33M |
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-Q filings.
Quarterly data represents single quarter results (Q1-Q4). Some items may show year-to-date values if quarterly breakdown is unavailable.