-
Revenue
$-618.20M
Net Income
-
Gross Margin
-
Op. Margin
$-843.20M
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) |
|---|---|---|---|---|---|---|---|
| Operating Expenses | $234.70M | $174.80M | $176.10M | $144.00M | $124.20M | $122.10M | $121.20M |
| Research & Development | $147.10M | $120.70M | $122.40M | $103.70M | $94.60M | $89.80M | $89.80M |
| Operating Income | $-234.40M | $-174.80M | $-176.10M | $-144.00M | $-124.20M | $-122.10M | $-121.20M |
| Interest Expense | $1,000.00K | $3.10M | $2.10M | $1.00M | $1.10M | $1.40M | $700.00K |
| Other Income/Expense | $27.90M | $28.70M | $-40.00M | $42.00M | $-80.10M | $1.40M | $9.30M |
| Income Before Tax | $-188.90M | $-129.80M | $-205.90M | $-93.30M | $-198.30M | $-115.20M | $-106.80M |
| Income Tax Expense | - | $100.00K | $100.00K | $100.00K | $-200.00K | $100.00K | $100.00K |
| Net Income | $-188.90M | $-129.90M | $-206.00M | $-93.40M | $-198.10M | $-115.30M | $-106.90M |
| Basic EPS | -0.27 | -0.20 | -0.36 | -0.17 | -0.45 | -0.29 | -0.32 |
| Diluted EPS | -0.27 | -0.20 | -0.36 | -0.17 | -0.45 | -0.29 | -0.32 |
| Basic Shares Outstanding | - | 660.9M | 579.2M | 540.4M | 25.9M | 397.5M | 334.1M |
| Diluted Shares Outstanding | - | 660.9M | 579.2M | 540.4M | 25.9M | 397.5M | 334.1M |
| 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) |
|---|---|---|---|---|---|---|---|
| Cash & Cash Equivalents | $1.02B | $595.50M | $1.72B | $1.03B | $834.50M | $501.70M | $360.40M |
| Other Current Assets | $56.80M | $12.90M | $3.70M | $5.80M | $4.60M | $3.60M | $2.50M |
| Total Current Assets | $2.08B | $1.69B | $1.76B | $1.06B | $858.40M | $523.00M | $375.00M |
| Property Plant & Equipment | $253.60M | $167.80M | $148.10M | $132.10M | $126.80M | $113.10M | $92.90M |
| Goodwill | $100.00K | - | - | - | - | - | - |
| Intangible Assets | $80.20M | $5.30M | $5.50M | $300.00K | $300.00K | $400.00K | $400.00K |
| Other Non-current Assets | $15.10M | $16.00M | $16.70M | $9.60M | $7.60M | $7.60M | $7.70M |
| Total Assets | $2.47B | $1.90B | $1.94B | $1.21B | $1.00B | $651.50M | $484.00M |
| Accounts Payable | $30.20M | $23.70M | $22.70M | $14.80M | $14.60M | $23.50M | $25.10M |
| Deferred Revenue | $1.30M | - | - | - | $900.00K | - | - |
| Other Current Liabilities | $68.10M | $63.90M | $51.60M | $48.60M | $52.80M | $59.60M | $55.20M |
| Total Current Liabilities | $104.40M | $93.00M | $78.80M | $67.40M | $71.10M | $86.70M | $83.60M |
| Long-term Debt | $80.30M | - | - | - | $64.00M | - | - |
| Other Non-current Liabilities | $13.00M | $10.50M | $13.90M | $13.90M | $12.80M | $12.60M | $12.60M |
| Total Liabilities | $263.10M | $245.30M | $257.40M | $203.30M | $248.60M | $183.80M | $150.00M |
| Common Stock | $100.00K | - | - | - | $100.00K | - | - |
| Retained Earnings | $-2.30B | $-2.11B | $-1.99B | $-1.78B | $-1.69B | $-1.49B | $-1.37B |
| Total Stockholders Equity | $2.20B | $1.65B | $1.68B | $1.01B | $752.60M | $467.70M | $334.00M |
| Total Liabilities & Equity | $2.47B | $1.90B | $1.94B | $1.21B | $1.00B | $651.50M | $484.00M |
| 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) |
|---|---|---|---|---|---|---|---|
| Net Income | $-188.90M | $-129.90M | $-206.00M | $-93.40M | $-198.10M | $-338.70M | $-106.90M |
| Depreciation & Amortization | $6.00M | $5.10M | $4.80M | $4.10M | $3.50M | - | - |
| Stock-based Compensation | $88.90M | $52.80M | $51.80M | $30.10M | $23.90M | $84.90M | $63.50M |
| Change in Payables | $2.90M | $5.90M | $5.40M | $500.00K | $-1.70M | $1.60M | $8.60M |
| Operating Cash Flow | $-129.30M | $-303.60M | $-198.00M | $-94.60M | $-104.40M | $-264.20M | $-167.00M |
| Capital Expenditure | $29.60M | $49.20M | $28.90M | $10.00M | $24.20M | $57.80M | $38.20M |
| Investing Cash Flow | $-73.40M | $-1.10B | $-34.10M | $-10.00M | $-24.20M | $-57.80M | $-38.20M |
| Debt Repayment | - | - | - | - | - | - | - |
| Stock Issued | $1.80B | - | - | - | - | $55.00M | - |
| Financing Cash Flow | $628.70M | $1.17B | $1.12B | $300.20M | $461.50M | $358.90M | $100.80M |
| Net Change in Cash | $426.00M | $-238.50M | $889.20M | $195.60M | $332.90M | $36.90M | $-104.40M |
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-Q filings.
Quarterly data represents single quarter results (Q1-Q4). Some items may show year-to-date values if quarterly breakdown is unavailable.