$136.50M
Revenue
$-59.74M
Net Income
53.78%
Gross Margin
-43.48%
Op. Margin
$3.34M
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 | $136.50M | $103.86M | $80.42M | $55.20M | $23.69M |
| Revenue Growth % | 31.4% | 29.2% | 45.7% | 133.0% | nan% |
| Cost of Revenue | $63.09M | $44.58M | $46.59M | $53.47M | $17.05M |
| Gross Profit | $73.42M | $59.29M | $33.83M | $1.73M | $6.64M |
| Gross Margin % | 53.8% | 57.1% | 42.1% | 3.1% | 28.0% |
| Operating Expenses | $132.77M | $141.59M | $122.09M | $104.29M | $60.70M |
| Research & Development | $20.60M | $23.45M | $24.45M | $18.77M | $11.42M |
| Operating Income | $-59.36M | $-82.31M | $-88.26M | $-102.56M | $-54.06M |
| Operating Margin % | -43.5% | -79.2% | -109.8% | -185.8% | -228.2% |
| Interest Expense | $519.00K | - | $654.00K | $712.00K | $6.09M |
| Interest Income | $1.60M | $2.94M | $6.23M | $3.17M | - |
| Other Income/Expense | $67.00K | $-83.00K | $-84.00K | $-64.00K | $-617.00K |
| Income Before Tax | $-59.68M | $-54.02M | $-106.20M | $-86.41M | - |
| Income Tax Expense | $62.00K | - | $51.00K | - | - |
| Net Income | $-59.74M | $-54.02M | $-106.25M | $-86.41M | $-10.86M |
| Net Margin % | -43.8% | -52.0% | -132.1% | -156.5% | -45.8% |
| Basic EPS | -0.36 | -0.34 | -0.71 | -0.60 | -0.15 |
| Diluted EPS | -0.36 | -0.34 | -0.71 | -0.60 | -0.15 |
| Basic Shares Outstanding | 172.8M | 156.6M | 149.2M | 143.9M | 71.7M |
| Diluted Shares Outstanding | 172.8M | 156.6M | 149.2M | 143.9M | 71.7M |
| Breakdown | FY 2024 (Dec 31, 2024) |
FY 2023 (Dec 31, 2023) |
FY 2022 (Dec 31, 2022) |
FY 2021 (Dec 31, 2021) |
|---|---|---|---|---|
| Cash & Cash Equivalents | $37.02M | $67.16M | $229.78M | $307.49M |
| Short-term Investments | $14.93M | $51.29M | - | - |
| Accounts Receivable | $28.39M | $22.61M | $31.92M | $6.48M |
| Inventory | $16.96M | $9.51M | $10.26M | $5.14M |
| Other Current Assets | $17.92M | $16.95M | $14.39M | $11.05M |
| Total Current Assets | $121.45M | $175.84M | $292.58M | $333.66M |
| Property Plant & Equipment | $123.66M | $112.92M | $44.71M | $21.59M |
| Other Non-current Assets | $735.00K | $1.20M | $1.83M | $401.00K |
| Total Assets | $268.06M | $298.72M | $348.12M | $363.06M |
| Accounts Payable | $10.49M | $17.40M | $18.19M | $6.36M |
| Deferred Revenue | $64.51M | $47.68M | $18.27M | $6.69M |
| Total Current Liabilities | $96.71M | $82.05M | $59.13M | $24.37M |
| Long-term Debt | - | - | $19.68M | $7.95M |
| Total Liabilities | $150.41M | $152.40M | $121.13M | $72.23M |
| Common Stock | $16.00K | $15.00K | $15.00K | $14.00K |
| Retained Earnings | $-354.66M | $-298.46M | $-192.21M | $-104.74M |
| Total Stockholders Equity | $117.65M | $146.32M | $226.99M | $290.84M |
| Total Liabilities & Equity | $268.06M | $298.72M | $348.12M | $363.06M |
| 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 | $-59.74M | $-54.02M | $-106.25M | $-86.41M | $-10.86M |
| Depreciation & Amortization | $23.27M | $17.38M | $9.93M | $5.46M | $2.90M |
| Stock-based Compensation | $34.51M | $24.76M | $24.15M | $22.50M | $8.51M |
| Change in Receivables | $33.32M | $7.00M | $-8.93M | $25.59M | $5.06M |
| Change in Inventory | $-24.87M | $7.85M | $644.00K | $8.49M | $17.48M |
| Change in Payables | $10.72M | $192.00K | $-5.96M | $7.66M | $-7.00K |
| Operating Cash Flow | $3.34M | $-30.85M | $-9.80M | $-74.73M | $-69.63M |
| Capital Expenditure | - | - | - | - | $3.71M |
| Purchases of Investments | $69.03M | $29.37M | $89.90M | - | - |
| Investing Cash Flow | $-69.45M | $-1.40M | $-123.11M | $-23.88M | $-4.74M |
| Debt Repayment | - | - | $31.88M | $10.00M | $5.42M |
| Stock Issued | - | - | - | - | $300.00M |
| Financing Cash Flow | $39.49M | $1.81M | $-29.66M | $20.51M | $377.83M |
| Net Change in Cash | $-26.80M | $-30.42M | $-162.62M | $-78.11M | $303.46M |
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 | $42.85M | - | $107.40M | - |
| Cost of Revenue | $21.54M | - | $50.73M | - |
| Gross Profit | $21.31M | - | $56.67M | - |
| Operating Expenses | $29.90M | - | $97.15M | - |
| Research & Development | $5.61M | - | $15.21M | - |
| Operating Income | $-8.60M | - | $-40.48M | - |
| Interest Expense | $713.00K | - | $518.00K | - |
| Interest Income | $436.00K | - | $1.05M | - |
| Other Income/Expense | $-44.00K | - | $117.00K | - |
| Income Before Tax | $-1.80M | - | $-43.96M | - |
| Income Tax Expense | - | - | $62.00K | - |
| Net Income | $-1.80M | $3.42M | $-44.02M | - |
| Basic EPS | -0.01 | - | -0.26 | - |
| Diluted EPS | -0.01 | - | -0.26 | - |
| Basic Shares Outstanding | $172.79M | - | $166.33M | - |
| Diluted Shares Outstanding | $172.79M | - | $166.33M | - |
Condensed Consolidated Balance Sheets
| Description | Sep 30, 2025 | Dec 31, 2024 |
|---|---|---|
| Cash & Cash Equivalents | $31.50M | $37.02M |
| Short-term Investments | $24.72M | $14.93M |
| Accounts Receivable | $48.88M | $28.39M |
| Inventory | $8.77M | $16.96M |
| Other Current Assets | $30.59M | $17.92M |
| Total Current Assets | $151.64M | $121.45M |
| Property Plant & Equipment | $126.92M | $123.66M |
| Other Non-current Assets | $4.86M | $735.00K |
| Total Assets | $304.29M | $268.06M |
| Accounts Payable | $4.72M | $10.49M |
| Deferred Revenue | $77.90M | $64.51M |
| Total Current Liabilities | $119.35M | $96.71M |
| Long-term Debt | $28.53M | - |
| Total Liabilities | $202.05M | $150.41M |
| Common Stock | $17.00K | $16.00K |
| Retained Earnings | $-398.68M | $-354.66M |
| Total Stockholders Equity | $102.24M | $117.65M |
| Total Liabilities & Equity | $304.29M | $268.06M |
Condensed Consolidated Statements of Cash Flows
| Description | Sep 30, 2025 | Sep 30, 2025 | ||
|---|---|---|---|---|
| Current | Prior Year | Current YTD | Prior Year YTD | |
| Net Income | $-1.80M | $3.42M | $-44.02M | - |
| Depreciation & Amortization | $6.50M | - | $17.86M | - |
| Stock-based Compensation | - | - | $15.82M | - |
| Change in Receivables | - | - | $20.56M | - |
| Change in Inventory | - | - | $-11.08M | - |
| Change in Payables | - | - | $1.84M | - |
| Operating Cash Flow | - | - | $3.10M | - |
| Purchases of Investments | - | - | $34.48M | - |
| Investing Cash Flow | - | - | $-43.23M | - |
| Financing Cash Flow | - | - | $34.72M | - |
| Net Change in Cash | - | - | $-5.51M | - |
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.