-
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) |
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) |
Q2 2022 (Jun 30, 2022) |
Q1 2022 (Mar 31, 2022) |
Q4 2021 (Dec 31, 2021) |
Q3 2021 (Sep 30, 2021) |
Q2 2021 (Jun 30, 2021) |
Q1 2021 (Mar 31, 2021) |
Q3 2020 (Sep 30, 2020) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Expenses | $234.70M | $174.80M | $176.10M | $144.00M | $124.20M | $122.10M | $121.20M | $142.20M | $107.30M | $46.20M | $181.40M | $112.00M | $108.10M | $93.80M | $80.20M | $65.30M | $53.30M | $176.30M | $3.76M | $4.73M | - |
| Research & Development | $147.10M | $120.70M | $122.40M | $103.70M | $94.60M | $89.80M | $89.80M | $83.50M | $79.50M | $67.80M | $63.30M | $65.80M | $59.20M | $47.00M | $37.80M | $27.50M | $19.70M | $23.10M | - | - | - |
| Operating Income | $-234.40M | $-174.80M | $-176.10M | $-144.00M | $-124.20M | $-122.10M | $-121.20M | $-142.20M | $-107.30M | $-46.20M | $-181.40M | $-112.00M | $-108.10M | $-93.80M | $-80.20M | $-65.30M | $-53.30M | $-176.30M | $-3.81M | $-4.78M | - |
| Interest Expense | $1,000.00K | $3.10M | $2.10M | $1.00M | $1.10M | $1.40M | $700.00K | $200.00K | $100.00K | $700.00K | $500.00K | $300.00K | $300.00K | $1.20M | $800.00K | $400.00K | $500.00K | $500.00K | - | - | - |
| Other Income/Expense | $27.90M | $28.70M | $-40.00M | $42.00M | $-80.10M | $1.40M | $9.30M | $20.60M | $-7.20M | $-10.40M | $-6.60M | $-2.70M | $12.00M | $1.30M | $8.00M | $6.50M | $10.50M | $100.00K | - | - | - |
| Income Before Tax | $-188.90M | $-129.80M | $-205.90M | $-93.30M | $-198.30M | $-115.20M | $-106.80M | $-116.30M | $-108.90M | $-51.50M | $-183.90M | $-113.10M | $-95.40M | $-91.00M | $-71.70M | $-59.20M | $-43.30M | $-176.70M | - | - | - |
| Income Tax Expense | - | $100.00K | $100.00K | $100.00K | $-200.00K | $100.00K | $100.00K | $200.00K | $200.00K | $100.00K | $200.00K | - | - | - | - | - | - | - | - | - | - |
| Net Income | $-188.90M | $-129.90M | $-206.00M | $-93.40M | $-198.10M | $-115.30M | $-106.90M | $-116.50M | $-109.10M | $-51.60M | $-184.10M | $-113.10M | $-95.40M | $-91.00M | $-71.70M | $-59.20M | $-43.30M | $-176.70M | $3.25M | $-2.42M | - |
| Basic EPS | -0.27 | -0.20 | -0.36 | -0.17 | -0.45 | -0.29 | -0.32 | -0.36 | -0.34 | -0.19 | -0.73 | -0.46 | -0.39 | -0.38 | -0.30 | -0.25 | 1.36 | -2.00 | nan | nan | - |
| Diluted EPS | -0.27 | -0.20 | -0.36 | -0.17 | -0.45 | -0.29 | -0.32 | -0.36 | -0.34 | -0.19 | -0.73 | -0.46 | -0.39 | -0.38 | -0.30 | -0.25 | 1.36 | -2.00 | nan | nan | - |
| Basic Shares Outstanding | - | 660.9M | 579.2M | 540.4M | 25.9M | 397.5M | 334.1M | 320.3M | 11.6M | 277.7M | 251.0M | 247.3M | 1.1M | 240.3M | 238.1M | 239.8M | 43.1M | 88.4M | - | - | - |
| Diluted Shares Outstanding | - | 660.9M | 579.2M | 540.4M | 25.9M | 397.5M | 334.1M | 320.3M | 11.6M | 277.7M | 251.0M | 247.3M | 1.1M | 240.3M | 238.1M | 239.8M | 43.1M | 88.4M | - | - | - |
| 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) |
Q2 2022 (Jun 30, 2022) |
Q1 2022 (Mar 31, 2022) |
Q4 2021 (Dec 31, 2021) |
Q3 2021 (Sep 30, 2021) |
Q2 2021 (Jun 30, 2021) |
Q1 2021 (Mar 31, 2021) |
Q3 2020 (Sep 30, 2020) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Cash Equivalents | $1.02B | $595.50M | $1.72B | $1.03B | $834.50M | $501.70M | $360.40M | $405.80M | $464.60M | $461.40M | $407.60M | $299.20M | $69.40M | $112.50M | $654.80M | $704.20M | $746.90M | $796.20M | $297.38K | $445.23K | $145.80K |
| Other Current Assets | $56.80M | $12.90M | $3.70M | $5.80M | $4.60M | $3.60M | $2.50M | $1.80M | $800.00K | $3.10M | $1.20M | $2.10M | $1.60M | $1.00M | $1.40M | $400.00K | $300.00K | $400.00K | - | - | - |
| Total Current Assets | $2.08B | $1.69B | $1.76B | $1.06B | $858.40M | $523.00M | $375.00M | $422.00M | $480.20M | $475.70M | $422.60M | $465.90M | $545.50M | $615.30M | $669.20M | $716.80M | $754.80M | $797.70M | $549.00K | $842.23K | - |
| Property Plant & Equipment | $253.60M | $167.80M | $148.10M | $132.10M | $126.80M | $113.10M | $92.90M | $72.10M | $57.60M | $49.90M | $42.30M | $24.70M | $11.50M | $9.90M | $8.30M | $5.90M | $5.90M | $4.30M | - | - | - |
| Goodwill | $100.00K | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Intangible Assets | $80.20M | $5.30M | $5.50M | $300.00K | $300.00K | $400.00K | $400.00K | $400.00K | $400.00K | $400.00K | $400.00K | $400.00K | $400.00K | $400.00K | $400.00K | $400.00K | $500.00K | $500.00K | - | - | - |
| Other Non-current Assets | $15.10M | $16.00M | $16.70M | $9.60M | $7.60M | $7.60M | $7.70M | $7.70M | $7.20M | $4.10M | $6.10M | $4.20M | $4.50M | $900.00K | $1.20M | $2.10M | $2.70M | $500.00K | - | - | - |
| Total Assets | $2.47B | $1.90B | $1.94B | $1.21B | $1.00B | $651.50M | $484.00M | $510.90M | $554.30M | $539.60M | $481.50M | $505.90M | $573.80M | $637.60M | $691.20M | $737.90M | $768.40M | $805.70M | $500.77M | $501.00M | $384.65K |
| Accounts Payable | $30.20M | $23.70M | $22.70M | $14.80M | $14.60M | $23.50M | $25.10M | $14.10M | $14.30M | $15.60M | $14.60M | $6.40M | $3.60M | $5.20M | $2.00M | $1.80M | $3.40M | $19.40M | $77.62K | $118.42K | - |
| Accrued Liabilities | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $7.38M | $4.11M | - |
| Deferred Revenue | $1.30M | - | - | - | $900.00K | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Current Liabilities | $68.10M | $63.90M | $51.60M | $48.60M | $52.80M | $59.60M | $55.20M | $52.80M | $96.90M | $96.20M | $135.50M | $47.50M | $36.70M | $25.10M | $28.00M | $19.40M | $12.30M | $1.60M | $4.40K | - | - |
| Total Current Liabilities | $104.40M | $93.00M | $78.80M | $67.40M | $71.10M | $86.70M | $83.60M | $70.20M | $114.00M | $117.00M | $157.70M | $64.00M | $53.30M | $43.80M | $43.70M | $34.30M | $28.30M | $29.70M | $7.86M | $4.29M | - |
| 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 | $11.90M | $12.90M | $11.80M | $11.00M | $11.00M | $11.00M | $11.20M | $1.00M | $300.00K | $400.00K | $500.00K | - | - | - |
| Total Liabilities | $263.10M | $245.30M | $257.40M | $203.30M | $248.60M | $183.80M | $150.00M | $131.70M | $187.20M | $175.10M | $205.20M | $95.80M | $80.50M | $80.40M | $73.00M | $74.20M | $69.50M | $83.80M | $46.08M | $49.57M | $362.22K |
| Common Stock | $100.00K | - | - | - | $100.00K | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Retained Earnings | $-2.30B | $-2.11B | $-1.99B | $-1.78B | $-1.69B | $-1.49B | $-1.37B | $-1.27B | $-1.15B | $-1.04B | $-988.10M | $-804.00M | $-690.90M | $-595.50M | $-504.50M | $-432.80M | $-373.60M | $-330.30M | $-45.48M | $-48.75M | $-2.57K |
| Total Stockholders Equity | $2.20B | $1.65B | $1.68B | $1.01B | $752.60M | $467.70M | $334.00M | $379.20M | $367.10M | $364.50M | $276.30M | $410.10M | $493.30M | $557.20M | $618.20M | $663.70M | $698.90M | $721.90M | $-45.46M | $-48.72M | $22.43K |
| Total Liabilities & Equity | $2.47B | $1.90B | $1.94B | $1.21B | $1.00B | $651.50M | $484.00M | $510.90M | $554.30M | $539.60M | $481.50M | $505.90M | $573.80M | $637.60M | $691.20M | $737.90M | $768.40M | $805.70M | $500.77M | $501.00M | $384.65K |
| 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) |
Q2 2022 (Jun 30, 2022) |
Q1 2022 (Mar 31, 2022) |
Q4 2021 (Dec 31, 2021) |
Q3 2021 (Sep 30, 2021) |
Q2 2021 (Jun 30, 2021) |
Q1 2021 (Mar 31, 2021) |
Q3 2020 (Sep 30, 2020) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $-188.90M | $-129.90M | $-206.00M | $-93.40M | $-198.10M | $-338.70M | $-106.90M | $-116.50M | $-109.10M | $-51.60M | $-184.10M | $-113.10M | $-95.40M | $-91.00M | $-130.90M | $-59.20M | $-43.30M | $-176.70M | $833.80K | $-2.42M | - |
| 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 | $40.70M | $20.40M | $24.80M | $52.20M | $25.70M | $26.50M | $76.30M | $50.10M | $24.50M | $18.90M | $104.70M | - | - | - |
| Change in Payables | $2.90M | $5.90M | $5.40M | $500.00K | $-1.70M | $1.60M | $8.60M | - | $-1.10M | $10.30M | $8.20M | $2.50M | $-1.60M | $1.50M | $-1.60M | $-1.60M | $-17.70M | $16.90M | $66.63K | $107.43K | - |
| Operating Cash Flow | $-129.30M | $-303.60M | $-198.00M | $-94.60M | $-104.40M | $-264.20M | $-167.00M | $-86.50M | $-84.00M | $-187.60M | $-120.80M | $-63.70M | $-67.20M | $-133.20M | $-82.40M | $-36.80M | $-48.90M | $-59.50M | $-1.03M | $-551.94K | - |
| Capital Expenditure | $29.60M | $49.20M | $28.90M | $10.00M | $24.20M | $57.80M | $38.20M | $17.30M | $9.00M | $35.30M | $19.50M | $11.40M | $3.30M | $3.60M | $2.10M | $600.00K | $500.00K | $3.00M | - | - | - |
| Sales of Investments | - | - | - | - | - | - | - | - | - | $465.00M | $465.00M | $314.00M | - | - | - | - | - | - | - | - | - |
| Investing Cash Flow | $-73.40M | $-1.10B | $-34.10M | $-10.00M | $-24.20M | $-57.80M | $-38.20M | $-17.30M | $-9.00M | $429.70M | $445.50M | $302.60M | $26.90M | $-491.20M | $-2.10M | $-600.00K | $-500.00K | $-3.00M | $99.23K | $71.25K | - |
| Debt Repayment | - | - | - | - | - | - | - | - | $2.50M | $7.50M | $5.00M | $2.50M | $2.50M | $7.50M | $5.00M | $2.50M | - | - | - | - | - |
| Stock Issued | $1.80B | - | - | - | - | $55.00M | - | - | $70.00M | $25.00M | $25.00M | - | - | - | - | - | - | - | - | - | - |
| Financing Cash Flow | $628.70M | $1.17B | $1.12B | $300.20M | $461.50M | $358.90M | $100.80M | $44.80M | $95.80M | $154.30M | $17.80M | $-4.80M | $-2.80M | $-7.10M | $-4.70M | $-2.40M | $100.00K | $822.10M | $300.00K | - | - |
| Net Change in Cash | $426.00M | $-238.50M | $889.20M | $195.60M | $332.90M | $36.90M | $-104.40M | $-59.00M | $2.80M | $396.40M | $342.50M | $234.10M | $-43.10M | $-631.50M | $-89.20M | $-39.80M | $-49.30M | $759.60M | $-628.55K | $-480.69K | - |
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.