-
Revenue
$-618.20M
Net Income
-
Gross Margin
-
Op. Margin
$-843.20M
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 | - | $300.00K | - | - | - | - |
| Revenue Growth % | nan% | nan% | nan% | nan% | nan% | nan% |
| Cost of Revenue | - | $200.00K | - | - | - | - |
| Gross Profit | - | $100.00K | - | - | - | - |
| Gross Margin % | nan% | 33.3% | nan% | nan% | nan% | nan% |
| Operating Expenses | $729.60M | $729.60M | $509.70M | $446.90M | $347.40M | $358.30M |
| Research & Development | $493.90M | $493.90M | $357.70M | $276.40M | $171.50M | $64.30M |
| Operating Income | $-729.30M | $-729.30M | $-509.70M | $-446.90M | $-347.40M | $-358.30M |
| Operating Margin % | nan% | -243100.0% | nan% | nan% | nan% | nan% |
| Interest Expense | $7.20M | $4.10M | $2.50M | $800.00K | $1.50M | $1.00M |
| Other Income/Expense | $58.60M | $58.60M | $-48.80M | $-26.90M | $27.80M | $10.60M |
| Income Before Tax | $-617.90M | $-617.90M | $-536.60M | $-457.40M | $-317.30M | $-347.80M |
| Income Tax Expense | $300.00K | $300.00K | $200.00K | $500.00K | - | - |
| Net Income | $-618.20M | $-618.20M | $-536.80M | $-457.90M | $-317.30M | $-347.80M |
| Net Margin % | nan% | -206066.7% | nan% | nan% | nan% | nan% |
| Basic EPS | -1.00 | -0.99 | -1.42 | -1.69 | -1.32 | -3.14 |
| Diluted EPS | -1.00 | -0.99 | -1.42 | -1.69 | -1.32 | -3.14 |
| Basic Shares Outstanding | - | 624.3M | 376.7M | 270.4M | 240.5M | 110.8M |
| Diluted Shares Outstanding | - | 624.3M | 376.7M | 270.4M | 240.5M | 110.8M |
| 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 | $1.02B | $834.50M | $464.60M | $69.40M | $746.90M |
| Other Current Assets | $56.80M | $4.60M | $800.00K | $1.60M | $300.00K |
| Total Current Assets | $2.08B | $858.40M | $480.20M | $545.50M | $754.80M |
| Property Plant & Equipment | $253.60M | $126.80M | $57.60M | $11.50M | $5.90M |
| Goodwill | $100.00K | - | - | - | - |
| Intangible Assets | $80.20M | $300.00K | $400.00K | $400.00K | $500.00K |
| Other Non-current Assets | $15.10M | $7.60M | $7.20M | $4.50M | $2.70M |
| Total Assets | $2.47B | $1.00B | $554.30M | $573.80M | $768.40M |
| Accounts Payable | $30.20M | $14.60M | $14.30M | $3.60M | $3.40M |
| Deferred Revenue | $1.30M | $900.00K | - | - | - |
| Other Current Liabilities | $68.10M | $52.80M | $96.90M | $36.70M | $12.30M |
| Total Current Liabilities | $104.40M | $71.10M | $114.00M | $53.30M | $28.30M |
| Long-term Debt | $80.30M | $64.00M | - | - | - |
| Other Non-current Liabilities | $13.00M | $12.80M | $12.90M | $11.00M | $400.00K |
| Total Liabilities | $263.10M | $248.60M | $187.20M | $80.50M | $69.50M |
| Common Stock | $100.00K | $100.00K | - | - | - |
| Retained Earnings | $-2.30B | $-1.69B | $-1.15B | $-690.90M | $-373.60M |
| Total Stockholders Equity | $2.20B | $752.60M | $367.10M | $493.30M | $698.90M |
| Total Liabilities & Equity | $2.47B | $1.00B | $554.30M | $573.80M | $768.40M |
| 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 | $-618.20M | $-618.20M | $-536.80M | $-457.90M | $-317.30M | $-347.80M |
| Depreciation & Amortization | $20.00M | $20.00M | $11.70M | $6.50M | - | - |
| Stock-based Compensation | $223.60M | $223.50M | $108.80M | $45.20M | $102.80M | $123.60M |
| Change in Payables | $14.70M | $8.80M | $-100.00K | $9.20M | $-100.00K | $-800.00K |
| Operating Cash Flow | $-725.50M | $-432.90M | $-368.60M | $-271.60M | $-200.40M | $-108.40M |
| Capital Expenditure | $117.70M | $78.80M | $82.00M | $44.30M | $6.90M | $3.50M |
| Acquisitions | - | $125.90M | - | - | - | - |
| Investing Cash Flow | $-1.22B | $-1.18B | $-82.00M | $420.70M | $-464.30M | $-3.50M |
| Debt Repayment | - | - | - | $10.00M | $10.00M | - |
| Stock Issued | - | $1.80B | $55.00M | $95.00M | - | - |
| Financing Cash Flow | $3.22B | $1.80B | $820.40M | $250.10M | $-9.90M | $822.20M |
| Net Change in Cash | $1.27B | $187.50M | $369.80M | $399.20M | $-674.60M | $710.30M |
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 | |
| Operating Expenses | $174.80M | - | $494.90M | - |
| Research & Development | $120.70M | - | $346.80M | - |
| Operating Income | $-174.80M | - | $-494.90M | - |
| Interest Expense | - | - | $3.10M | - |
| Other Income/Expense | $28.70M | - | $30.70M | - |
| Income Before Tax | $-129.80M | - | $-429.00M | - |
| Income Tax Expense | $100.00K | - | $300.00K | - |
| Net Income | $-129.90M | $-106.90M | $-429.30M | - |
| Basic EPS | -0.20 | - | -0.72 | - |
| Diluted EPS | -0.20 | - | -0.72 | - |
| Basic Shares Outstanding | $660.89M | - | $593.93M | - |
| Diluted Shares Outstanding | $660.89M | - | $593.93M | - |
Condensed Consolidated Balance Sheets
| Description | Sep 30, 2025 | Dec 31, 2024 |
|---|---|---|
| Cash & Cash Equivalents | $595.50M | $834.50M |
| Other Current Assets | $12.90M | $4.60M |
| Total Current Assets | $1.69B | $858.40M |
| Property Plant & Equipment | $167.80M | $126.80M |
| Intangible Assets | $5.30M | $300.00K |
| Other Non-current Assets | $16.00M | $7.60M |
| Total Assets | $1.90B | $1.00B |
| Accounts Payable | $23.70M | $14.60M |
| Other Current Liabilities | $63.90M | $52.80M |
| Total Current Liabilities | $93.00M | $71.10M |
| Other Non-current Liabilities | $10.50M | $12.80M |
| Total Liabilities | $245.30M | $248.60M |
| Retained Earnings | $-2.11B | $-1.69B |
| Total Stockholders Equity | $1.65B | $752.60M |
| Total Liabilities & Equity | $1.90B | $1.00B |
Condensed Consolidated Statements of Cash Flows
| Description | Sep 30, 2025 | Sep 30, 2025 | ||
|---|---|---|---|---|
| Current | Prior Year | Current YTD | Prior Year YTD | |
| Net Income | $-129.90M | $-106.90M | $-429.30M | - |
| Depreciation & Amortization | $5.10M | - | $14.00M | - |
| Stock-based Compensation | $52.80M | - | $134.60M | - |
| Change in Payables | - | - | $5.90M | - |
| Operating Cash Flow | - | - | $-303.60M | - |
| Capital Expenditure | - | - | $49.20M | - |
| Investing Cash Flow | - | - | $-1.10B | - |
| Stock Issued | - | - | - | - |
| Financing Cash Flow | - | - | $1.17B | - |
| Net Change in Cash | - | - | $-238.50M | - |
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.