$1.64B
Revenue
$67.93M
Net Income
-
Gross Margin
4.74%
Op. Margin
$562.13M
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 | $1.64B | $1.64B | $1.26B | $944.28M | $653.56M | $458.61M |
| Revenue Growth % | 0.0% | 29.4% | 33.9% | 44.5% | 42.5% | nan% |
| Cost of Revenue | - | - | $1.03B | $411.63M | $326.93M | $237.13M |
| Gross Profit | - | - | $234.08M | $532.65M | $326.63M | $221.47M |
| Gross Margin % | nan% | nan% | 18.5% | 56.4% | 50.0% | 48.3% |
| Operating Expenses | $1.56B | $1.56B | $1.30B | $1.06B | $774.60M | $498.33M |
| Research & Development | $313.91M | $313.91M | $269.82M | $219.94M | $138.72M | $64.09M |
| Operating Income | $77.47M | $77.47M | $-39.09M | $-114.19M | $-121.04M | $-39.72M |
| Operating Margin % | 4.7% | 4.7% | -3.1% | -12.1% | -18.5% | -8.7% |
| Interest Expense | $5.48M | $5.48M | $2.55M | $2.35M | $1.30M | $1.26M |
| Interest Income | $7.70M | $7.70M | $8.08M | $7.45M | $4.15M | $140.00K |
| Other Income/Expense | $-5.93M | $-5.93M | $4.00M | $-2.84M | $5.21M | $3.12M |
| Income Before Tax | $71.63M | $71.63M | $-30.25M | $-111.94M | $-112.98M | $-37.71M |
| Income Tax Expense | $3.69M | $3.69M | $6.73M | $5.90M | $1.04M | $1.04M |
| Net Income | $67.93M | $67.93M | $-36.98M | $-117.84M | $-114.02M | $-38.76M |
| Net Margin % | 4.2% | 4.2% | -2.9% | -12.5% | -17.4% | -8.5% |
| Basic EPS | 0.33 | 0.33 | -0.19 | -0.65 | -0.68 | -0.64 |
| Diluted EPS | 0.31 | 0.31 | -0.19 | -0.65 | -0.68 | -0.64 |
| Basic Shares Outstanding | - | 205.8M | 194.6M | 180.8M | 167.8M | 60.7M |
| Diluted Shares Outstanding | - | 217.6M | 194.6M | 180.8M | 167.8M | 60.7M |
| 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 | $542.43M | $368.10M | $323.71M | $300.63M | $403.26M |
| Other Current Assets | $8.55M | $9.06M | $33.14M | $19.33M | $17.45M |
| Total Current Assets | $1.32B | $897.51M | $932.12M | $669.42M | $607.55M |
| Property Plant & Equipment | $61.52M | $31.57M | $16.01M | $11.55M | $9.25M |
| Goodwill | $54.94M | $54.94M | $54.94M | - | - |
| Intangible Assets | $2.12M | $10.46M | $16.64M | - | - |
| Other Non-current Assets | $11.72M | $5.39M | $7.07M | $6.21M | $3.51M |
| Total Assets | $1.46B | $1.01B | $1.04B | $695.95M | $625.66M |
| Accounts Payable | $28.45M | $16.16M | $35.05M | $6.79M | $1.21M |
| Short-term Debt | $2.82M | $2.47M | $2.48M | - | - |
| Accrued Liabilities | $141.95M | $116.65M | $145.80M | $87.75M | $66.68M |
| Total Current Liabilities | $399.05M | $329.01M | $366.84M | $209.14M | $141.62M |
| Long-term Debt | $155.00M | - | $130.00M | - | - |
| Other Non-current Liabilities | $7.74M | $9.32M | $5.65M | $1.05M | $813.00K |
| Total Liabilities | $589.92M | $347.40M | $506.97M | $215.87M | $145.34M |
| Common Stock | $21.00K | $20.00K | $19.00K | $17.00K | $16.00K |
| Retained Earnings | $-460.35M | $-528.28M | $-491.30M | $-373.46M | $-259.44M |
| Total Stockholders Equity | $868.79M | $665.47M | $529.34M | $480.09M | $480.33M |
| Total Liabilities & Equity | $1.46B | $1.01B | $1.04B | $695.95M | $625.66M |
| 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 | $67.93M | $67.93M | $-36.98M | $-117.84M | $-114.02M | $-38.76M |
| Depreciation & Amortization | $25.03M | $25.03M | $18.05M | $13.12M | $6.72M | $5.26M |
| Stock-based Compensation | $264.76M | $155.11M | $152.14M | $136.97M | $95.29M | $17.02M |
| Deferred Income Tax | - | $-2.37M | $550.00K | $-839.00K | - | - |
| Change in Payables | $36.68M | $10.06M | $-20.82M | $27.56M | $5.54M | $-3.04M |
| Operating Cash Flow | $632.08M | $325.08M | $111.60M | $66.81M | $-105.14M | $-18.39M |
| Capital Expenditure | $69.95M | $29.43M | $6.00M | $2.86M | $3.68M | $1.96M |
| Acquisitions | - | - | - | $40.93M | $248.00K | - |
| Investing Cash Flow | $-119.41M | $-69.93M | $-19.89M | $-50.04M | $-7.31M | $-4.53M |
| Debt Repayment | - | - | - | $17.07M | $384.00K | - |
| Stock Issued | - | - | - | - | - | $305.19M |
| Stock Repurchased | - | $23.89M | - | - | - | - |
| Financing Cash Flow | $-86.61M | $-89.78M | $-42.37M | $6.25M | $11.07M | $238.20M |
| Net Change in Cash | $448.08M | $174.48M | $44.79M | $24.30M | $-102.58M | $215.24M |
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 | $419.49M | - | $1.19B | - |
| Operating Expenses | $407.72M | - | $1.15B | - |
| Research & Development | $80.42M | - | $231.77M | - |
| Operating Income | $11.78M | - | $38.65M | - |
| Interest Expense | $2.12M | - | $5.07M | - |
| Interest Income | $2.07M | - | $5.91M | - |
| Other Income/Expense | $696.00K | - | $-4.02M | - |
| Income Before Tax | $12.42M | - | $35.48M | - |
| Income Tax Expense | $3.59M | - | $8.76M | - |
| Net Income | $8.83M | $-12.09M | $26.72M | - |
| Basic EPS | 0.04 | - | 0.13 | - |
| Diluted EPS | 0.04 | - | 0.12 | - |
| Basic Shares Outstanding | $207.15M | - | $204.55M | - |
| Diluted Shares Outstanding | $217.23M | - | $218.23M | - |
Condensed Consolidated Balance Sheets
| Description | Sep 30, 2025 | Dec 31, 2024 |
|---|---|---|
| Cash & Cash Equivalents | $476.90M | $368.10M |
| Other Current Assets | $51.17M | $46.52M |
| Total Current Assets | $1.08B | $897.51M |
| Property Plant & Equipment | $52.27M | $31.57M |
| Goodwill | $54.94M | $54.94M |
| Intangible Assets | $4.21M | $10.46M |
| Other Non-current Assets | $7.09M | $5.39M |
| Total Assets | $1.21B | $1.01B |
| Accounts Payable | $32.19M | $16.16M |
| Short-term Debt | $2.72M | $2.47M |
| Accrued Liabilities | $123.26M | $116.65M |
| Total Current Liabilities | $376.06M | $329.01M |
| Other Non-current Liabilities | $12.21M | $9.32M |
| Total Liabilities | $416.52M | $347.40M |
| Common Stock | $21.00K | $20.00K |
| Retained Earnings | $-501.56M | $-528.28M |
| Total Stockholders Equity | $797.17M | $665.47M |
| Total Liabilities & Equity | $1.21B | $1.01B |
Condensed Consolidated Statements of Cash Flows
| Description | Sep 30, 2025 | Sep 30, 2025 | ||
|---|---|---|---|---|
| Current | Prior Year | Current YTD | Prior Year YTD | |
| Net Income | $8.83M | $-12.09M | $26.72M | - |
| Depreciation & Amortization | $6.43M | - | $18.16M | - |
| Stock-based Compensation | - | - | $113.83M | - |
| Change in Payables | - | - | $16.16M | - |
| Operating Cash Flow | - | - | $175.46M | - |
| Capital Expenditure | - | - | $23.07M | - |
| Investing Cash Flow | - | - | $-51.58M | - |
| Stock Repurchased | - | - | $11.88M | - |
| Financing Cash Flow | - | - | $-23.70M | - |
| Net Change in Cash | - | - | $108.65M | - |
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.