$1.64B
Revenue
$67.93M
Net Income
-
Gross Margin
4.74%
Op. Margin
$562.13M
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 | $442.18M | $419.49M | $411.85M | $361.62M | $351.89M | $336.53M | $306.42M | $269.12M | $264.76M | $241.63M | $234.03M | $203.87M | $191.03M | $169.26M |
| Revenue Growth % (YoY) | 25.7% | 24.7% | 34.4% | 34.4% | 32.9% | 39.3% | 30.9% | 32.0% | 38.6% | 42.8% | nan% | nan% | nan% | nan% |
| Cost of Revenue | - | $345.77M | $337.21M | $287.68M | $654.76M | $137.35M | $127.78M | $110.00M | $109.03M | $106.93M | $101.67M | $94.00M | $91.11M | $88.01M |
| Gross Profit | - | $73.73M | $74.64M | $73.95M | $-302.87M | $199.18M | $178.64M | $159.12M | $155.72M | $134.70M | $132.36M | $109.87M | $99.93M | $81.25M |
| Gross Margin % | nan% | 17.6% | 18.1% | 20.4% | -86.1% | 59.2% | 58.3% | 59.1% | 58.8% | 55.7% | 56.6% | 53.9% | 52.3% | 48.0% |
| Operating Expenses | $403.36M | $407.72M | $397.21M | $349.39M | $355.63M | $336.16M | $322.19M | $289.07M | $295.76M | $278.53M | $252.26M | $231.93M | $213.90M | $204.88M |
| Research & Development | $82.14M | $80.42M | $77.50M | $73.85M | $70.61M | $68.45M | $67.55M | $63.21M | $59.24M | $57.01M | $54.31M | $49.38M | $42.88M | $36.18M |
| Operating Income | $38.81M | $11.78M | $14.64M | $12.23M | $-3.74M | $368.00K | $-15.76M | $-19.95M | $-31.00M | $-36.90M | $-18.22M | $-28.07M | $-22.87M | $-35.62M |
| Operating Margin % | 8.8% | 2.8% | 3.6% | 3.4% | -1.1% | 0.1% | -5.1% | -7.4% | -11.7% | -15.3% | -7.8% | -13.8% | -12.0% | -21.0% |
| Interest Expense | $413.00K | $2.12M | $1.65M | $1.30M | $277.00K | $760.00K | $745.00K | $769.00K | $786.00K | $585.00K | $592.00K | $389.00K | $327.00K | $330.00K |
| Interest Income | $1.78M | $2.07M | $2.06M | $1.79M | $1.84M | $2.06M | $1.94M | $2.23M | $2.25M | $1.81M | $1.37M | $2.02M | $2.27M | $1.40M |
| Other Income/Expense | $-1.90M | $696.00K | $-6.94M | $2.22M | $-2.27M | $2.09M | $5.76M | $-1.59M | $-64.00K | $283.00K | $-1.55M | $-1.51M | $1.09M | $1.76M |
| Income Before Tax | $36.15M | $12.42M | $8.11M | $14.94M | $-5.13M | $3.77M | $-8.80M | $-20.08M | $-29.60M | $-35.40M | $-18.99M | $-27.94M | $-19.83M | $-32.78M |
| Income Tax Expense | $-5.07M | $3.59M | $1.58M | $3.59M | $589.00K | $1.85M | $3.29M | $998.00K | $5.42M | $258.00K | $-143.00K | $370.00K | $-434.00K | $287.00K |
| Net Income | $41.22M | $8.83M | $6.54M | $11.35M | $-5.72M | $1.92M | $-12.09M | $-21.08M | $-35.02M | $-35.66M | $-18.85M | $-28.31M | $-19.39M | $-33.07M |
| Net Margin % | 9.3% | 2.1% | 1.6% | 3.1% | -1.6% | 0.6% | -3.9% | -7.8% | -13.2% | -14.8% | -8.1% | -13.9% | -10.2% | -19.5% |
| Basic EPS | 0.20 | 0.04 | 0.03 | 0.06 | -0.03 | 0.01 | -0.06 | -0.11 | -0.19 | -0.20 | -0.11 | -0.16 | -0.11 | -0.20 |
| Diluted EPS | 0.19 | 0.04 | 0.03 | 0.05 | -0.03 | 0.01 | -0.06 | -0.11 | -0.19 | -0.20 | -0.11 | -0.16 | -0.11 | -0.20 |
| Basic Shares Outstanding | - | 207.2M | 204.7M | 201.7M | 1.5M | 196.2M | 193.5M | 189.8M | 1.9M | 182.6M | 179.1M | 175.1M | 1.3M | 168.6M |
| Diluted Shares Outstanding | - | 217.2M | 219.0M | 218.4M | 1.5M | 205.3M | 193.5M | 189.8M | 1.9M | 182.6M | 179.1M | 175.1M | 1.3M | 168.6M |
| 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 | $542.43M | $476.90M | $515.90M | $493.90M | $368.10M | $324.43M | $185.19M | $286.00M | $323.71M | $223.27M | $227.51M | $244.16M | $300.63M | $376.45M |
| Other Current Assets | $8.55M | $51.17M | $67.45M | $53.71M | $9.06M | $41.08M | $42.86M | $44.79M | $33.14M | $30.02M | $30.85M | $31.36M | $19.33M | $20.12M |
| Total Current Assets | $1.32B | $1.08B | $1.04B | $978.72M | $897.51M | $861.26M | $840.55M | $972.01M | $932.12M | $728.84M | $679.16M | $606.94M | $669.42M | $666.13M |
| Property Plant & Equipment | $61.52M | $52.27M | $47.26M | $41.46M | $31.57M | $24.36M | $22.18M | $19.34M | $16.01M | $14.71M | $13.38M | $12.66M | $11.55M | $10.27M |
| Goodwill | $54.94M | $54.94M | $54.94M | $54.94M | $54.94M | $54.94M | $54.94M | $54.94M | $54.94M | $54.94M | $54.94M | $54.99M | - | - |
| Intangible Assets | $2.12M | $4.21M | $6.29M | $8.38M | $10.46M | $12.55M | $14.21M | $15.43M | $16.64M | $17.86M | $19.07M | $20.29M | - | - |
| Other Non-current Assets | $11.72M | $7.09M | $7.78M | $5.20M | $5.39M | $6.55M | $6.40M | $7.17M | $7.07M | $6.11M | $6.25M | $6.86M | $6.21M | $4.43M |
| Total Assets | $1.46B | $1.21B | $1.17B | $1.10B | $1.01B | $970.43M | $950.19M | $1.08B | $1.04B | $832.75M | $784.53M | $715.18M | $695.95M | $690.34M |
| Accounts Payable | $28.45M | $32.19M | $18.86M | $38.91M | $16.16M | $16.82M | $20.93M | $12.28M | $35.05M | $17.86M | $17.61M | $2.91M | $6.79M | $8.18M |
| Short-term Debt | $2.82M | $2.72M | $2.67M | $2.42M | $2.47M | $2.43M | $2.39M | $2.44M | $2.48M | $2.35M | $2.43M | $2.49M | - | - |
| Accrued Liabilities | $141.95M | $123.26M | $150.99M | $114.55M | $116.65M | $105.23M | $145.45M | $155.08M | $145.80M | $131.67M | $98.72M | $79.48M | $87.75M | $99.57M |
| Total Current Liabilities | $399.05M | $376.06M | $363.75M | $352.16M | $329.01M | $324.10M | $341.85M | $367.85M | $366.84M | $300.40M | $226.66M | $197.47M | $209.14M | $215.78M |
| Long-term Debt | $155.00M | - | - | - | - | - | $15.00M | $150.00M | $130.00M | - | $34.00M | - | - | - |
| Other Non-current Liabilities | $7.74M | $12.21M | $11.64M | $10.22M | $9.32M | $9.74M | $8.26M | $6.65M | $5.65M | $812.00K | $895.00K | $13.63M | $1.05M | $1.40M |
| Total Liabilities | $589.92M | $416.52M | $401.25M | $377.11M | $347.40M | $339.61M | $371.29M | $529.84M | $506.97M | $306.96M | $268.79M | $219.76M | $215.87M | $223.85M |
| Common Stock | $21.00K | $21.00K | $21.00K | $20.00K | $20.00K | $20.00K | $20.00K | $19.00K | $19.00K | $19.00K | $18.00K | $18.00K | $17.00K | $17.00K |
| Retained Earnings | $-460.35M | $-501.56M | $-510.39M | $-516.93M | $-528.28M | $-522.56M | $-524.47M | $-512.38M | $-491.30M | $-456.28M | $-420.63M | $-401.78M | $-373.46M | $-354.07M |
| Total Stockholders Equity | $868.79M | $797.17M | $764.92M | $723.48M | $665.47M | $630.82M | $578.90M | $549.36M | $529.34M | $525.79M | $515.74M | $495.42M | $480.09M | $466.49M |
| Total Liabilities & Equity | $1.46B | $1.21B | $1.17B | $1.10B | $1.01B | $970.43M | $950.19M | $1.08B | $1.04B | $832.75M | $784.53M | $715.18M | $695.95M | $690.34M |
| 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 | $41.22M | $8.83M | $6.54M | $11.35M | $-5.72M | $1.92M | $-33.17M | $-21.08M | $-35.02M | $-82.82M | $-18.85M | $-28.31M | $-19.39M | $-94.62M |
| Depreciation & Amortization | $6.88M | $6.43M | $6.33M | $5.40M | $5.81M | $4.66M | $3.91M | $3.68M | $3.48M | $9.63M | $6.22M | $3.03M | $1.85M | $4.87M |
| Stock-based Compensation | $41.28M | $113.83M | $73.86M | $35.79M | $41.61M | $110.52M | $71.25M | $34.09M | $35.96M | $101.01M | $64.43M | $29.23M | $27.41M | $67.88M |
| Change in Payables | $-6.10M | $16.16M | $4.44M | $22.18M | $-2.54M | $-18.29M | $-14.04M | $-22.71M | $17.11M | $10.45M | $10.18M | $-4.51M | $-1.33M | $6.86M |
| Operating Cash Flow | $149.62M | $175.46M | $174.09M | $132.90M | $-27.25M | $138.85M | $-7.91M | $-56.81M | $85.93M | $-19.12M | $-51.47M | $433.00K | $-77.35M | $-27.79M |
| Capital Expenditure | $6.36M | $23.07M | $26.55M | $13.96M | $2.81M | $3.19M | $2.08M | $945.00K | $589.00K | $2.27M | $1.57M | $864.00K | $1.48M | $2.20M |
| Acquisitions | - | - | - | - | - | - | - | - | - | $40.93M | $40.93M | $40.93M | $-127.00K | $375.00K |
| Investing Cash Flow | $-18.35M | $-51.58M | $-32.56M | $-16.91M | $-7.41M | $-12.48M | $-8.57M | $-4.31M | $-2.59M | $-47.45M | $-44.84M | $-43.09M | $-2.29M | $-5.02M |
| Debt Repayment | - | - | - | - | - | - | - | - | - | - | - | $17.07M | - | - |
| Stock Issued | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Stock Repurchased | $12.02M | $11.88M | - | - | - | - | - | - | - | - | - | - | - | - |
| Financing Cash Flow | $-66.08M | $-23.70M | $-3.90M | $7.07M | $86.53M | $-128.90M | $-118.63M | $26.12M | $15.78M | $-9.52M | $23.15M | $-13.64M | $2.88M | $8.19M |
| Net Change in Cash | $65.84M | $108.65M | $147.81M | $125.79M | $43.38M | $1.41M | $-136.34M | $-36.10M | $100.99M | $-76.69M | $-72.49M | $-56.08M | $-75.80M | $-26.78M |
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-Q filings.
Quarterly data represents single quarter results (Q1-Q4). Some items may show year-to-date values if quarterly breakdown is unavailable.