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Customize Items
-
Revenue
$-618.20M
Net Income
-
Gross Margin
-
Op. Margin
$-843.20M
Free Cash Flow
Financial Statements Annual (10-K)
Showing 5 of 5 annual reports available (2021 - 2025)
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.

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