$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) |
|---|---|---|---|---|---|---|
| Total Revenue | $180.85M | $156.80M | $137.78M | $122.54M | $112.21M | $108.63M |
| Revenue Growth % (YoY) | 61.2% | 44.3% | nan% | nan% | nan% | nan% |
| Cost of Revenue | $20.26M | $18.60M | $17.87M | $17.90M | $20.11M | $12.32M |
| Gross Profit | $160.60M | $138.19M | $119.92M | $104.64M | $92.11M | $96.31M |
| Gross Margin % | 88.8% | 88.1% | 87.0% | 85.4% | 82.1% | 88.7% |
| Research & Development | $24.17M | $18.75M | $19.32M | $35.22M | $26.06M | $24.02M |
| Selling General & Admin | $49.10M | $46.86M | $43.53M | $40.53M | $46.40M | $42.40M |
| Operating Income | $24.02M | $20.16M | $13.27M | $-19.30M | $-9.66M | $-117.00K |
| Operating Margin % | 13.3% | 12.9% | 9.6% | -15.7% | -8.6% | -0.1% |
| Income Before Tax | $27.16M | $22.88M | $15.56M | $-16.98M | $-7.20M | $2.30M |
| Income Tax Expense | $8.72M | $5.04M | $7.03M | $-8.09M | $5.49M | $6.21M |
| Net Income | $18.43M | $17.83M | $8.54M | $-8.89M | $-12.69M | $-3.91M |
| Net Margin % | 10.2% | 11.4% | 6.2% | -7.3% | -11.3% | -3.6% |
| Basic EPS | 0.25 | 0.24 | 0.12 | -0.12 | -0.18 | -0.06 |
| Diluted EPS | 0.23 | 0.23 | 0.11 | -0.12 | -0.18 | -0.06 |
| Basic Shares Outstanding | 74.7M | 73.4M | 72.6M | 301K | 71.7M | 71.0M |
| Diluted Shares Outstanding | 80.0M | 77.9M | 76.1M | 301K | 71.7M | 71.0M |
| 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) |
|---|---|---|---|---|---|---|
| Cash & Cash Equivalents | $174.86M | $192.04M | $157.13M | $183.58M | $97.38M | $99.27M |
| Short-term Investments | $177.24M | $115.75M | $111.21M | $60.05M | $126.40M | $119.49M |
| Accounts Receivable | $51.74M | $31.91M | $40.06M | $41.72M | $24.89M | $20.45M |
| Inventory | $41.40M | $48.18M | $22.07M | $26.36M | $28.68M | $34.86M |
| Other Current Assets | $30.29M | $32.44M | $25.43M | $20.08M | $33.95M | $26.95M |
| Total Current Assets | $475.53M | $420.31M | $355.91M | $331.80M | $311.30M | $301.02M |
| Property Plant & Equipment | $1.66M | $1.08M | $606.00K | $662.00K | $561.00K | $625.00K |
| Intangible Assets | $15.50M | $15.75M | $16.00M | $16.25M | $16.50M | $16.75M |
| Other Non-current Assets | $8.29M | $8.20M | $8.20M | $10.31M | $7.85M | $7.90M |
| Total Assets | $712.33M | $661.15M | $599.33M | $580.55M | $555.30M | $542.43M |
| Accounts Payable | $6.15M | $8.96M | $1.98M | $2.04M | $8.33M | $7.39M |
| Accrued Liabilities | $30.94M | $35.96M | $22.13M | $32.35M | $40.38M | $33.37M |
| Deferred Revenue | - | - | - | - | - | $12.00K |
| Other Current Liabilities | $20.52M | $18.00M | $17.09M | $16.08M | $16.07M | $11.48M |
| Total Current Liabilities | $123.59M | $117.83M | $97.27M | $100.62M | $95.95M | $84.29M |
| Other Non-current Liabilities | $14.53M | $9.26M | $5.14M | $1.82M | $1.96M | $1.93M |
| Total Liabilities | $176.95M | $166.14M | $141.84M | $142.12M | $118.29M | $107.33M |
| Retained Earnings | $-476.34M | $-494.77M | $-512.60M | $-521.14M | $-512.25M | $-499.56M |
| Total Stockholders Equity | $535.38M | $495.01M | $457.49M | $438.44M | $437.01M | $435.10M |
| Total Liabilities & Equity | $712.33M | $661.15M | $599.33M | $580.55M | $555.30M | $542.43M |
| 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) |
|---|---|---|---|---|---|---|
| Net Income | $18.43M | $26.37M | $8.54M | $-8.89M | $-34.30M | $-3.91M |
| Depreciation & Amortization | $1.09M | $703.00K | $345.00K | $400.00K | $1.29M | $896.00K |
| Stock-based Compensation | $10.14M | $16.62M | $7.75M | $8.30M | $22.39M | $14.57M |
| Deferred Income Tax | $4.23M | $5.64M | $2.99M | $-3.16M | $11.29M | $14.93M |
| Change in Receivables | $10.02M | $-9.81M | $-1.66M | $16.84M | $3.62M | $-815.00K |
| Change in Inventory | $15.03M | $21.82M | $-4.29M | $-2.32M | $-2.44M | $3.74M |
| Change in Payables | $4.26M | $6.99M | $62.00K | $-6.28M | $-22.00K | $-933.00K |
| Operating Cash Flow | $84.09M | $50.41M | $22.32M | $18.77M | $6.92M | $9.15M |
| Capital Expenditure | $935.00K | $264.00K | $99.00K | $193.00K | $84.00K | $84.00K |
| Investing Cash Flow | $-118.18M | $-55.42M | $-51.54M | $65.29M | $-27.62M | $-21.27M |
| Financing Cash Flow | $25.36M | $13.47M | $2.77M | $2.14M | $10.12M | $3.44M |
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.