$443.64M
Revenue
$-18.96M
Net Income
80.55%
Gross Margin
-5.14%
Op. Margin
$100.64M
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 | $443.64M | $443.64M | $376.81M | $307.68M | $254.32M | $188.00M |
| Revenue Growth % | 0.0% | 17.7% | 22.5% | 21.0% | 35.3% | nan% |
| Cost of Revenue | $86.31M | $86.31M | $65.48M | $52.33M | $48.55M | $41.93M |
| Gross Profit | $357.34M | $357.34M | $311.34M | $255.35M | $205.76M | $146.07M |
| Gross Margin % | 80.5% | 80.5% | 82.6% | 83.0% | 80.9% | 77.7% |
| Operating Expenses | $380.15M | $380.15M | $303.03M | $263.01M | $242.14M | $148.56M |
| Research & Development | $97.17M | $97.17M | $80.08M | $57.44M | $41.20M | $24.32M |
| Operating Income | $-22.81M | $-22.81M | $8.31M | $-7.67M | $-36.37M | $-2.49M |
| Operating Margin % | -5.1% | -5.1% | 2.2% | -2.5% | -14.3% | -1.3% |
| Interest Expense | - | $140.00K | - | $197.00K | $229.00K | $321.00K |
| Other Income/Expense | $586.00K | $586.00K | $967.00K | $429.00K | $3.46M | $-522.00K |
| Income Before Tax | $-10.10M | $-10.10M | $20.40M | $4.65M | $-32.92M | $-3.02M |
| Income Tax Expense | $9.39M | $9.39M | $13.03M | $3.70M | $931.00K | $270.00K |
| Net Income | $-18.96M | $-18.96M | $8.24M | $950.00K | $-33.85M | $-3.29M |
| Net Margin % | -4.3% | -4.3% | 2.2% | 0.3% | -13.3% | -1.7% |
| Basic EPS | -0.12 | -0.13 | 0.06 | 0.01 | -0.24 | -0.03 |
| Diluted EPS | -0.12 | -0.13 | 0.06 | 0.01 | -0.24 | -0.03 |
| Basic Shares Outstanding | - | 148.5M | 145.9M | 142.6M | 141.2M | 126.6M |
| Diluted Shares Outstanding | - | 148.5M | 148.9M | 146.1M | 141.2M | 126.6M |
| 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 | $264.28M | $48.88M | $58.85M | $79.77M | $269.67M |
| Accounts Receivable | $26.49M | $8.96M | $7.90M | $3.56M | $2.19M |
| Other Current Assets | $15.80M | $21.62M | $10.01M | $9.31M | $5.34M |
| Total Current Assets | $324.85M | $276.18M | $265.55M | $257.38M | $283.54M |
| Property Plant & Equipment | - | - | - | - | $8.27M |
| Goodwill | $60.12M | $56.14M | $24.88M | $6.53M | $1.99M |
| Intangible Assets | $40.73M | $32.05M | $16.08M | $10.29M | $2.92M |
| Other Non-current Assets | $6.24M | $5.83M | $633.00K | $2.33M | $1.10M |
| Total Assets | $454.14M | $390.94M | $331.49M | $298.69M | $300.07M |
| Accounts Payable | $23.80M | $10.46M | $9.19M | $15.49M | $9.94M |
| Accrued Liabilities | $27.37M | $20.22M | $19.89M | $17.85M | $19.48M |
| Deferred Revenue | $93.19M | $71.83M | $58.31M | $49.35M | $40.23M |
| Other Current Liabilities | $4.29M | $6.91M | $2.82M | $2.31M | $1.90M |
| Total Current Liabilities | $154.05M | $114.09M | $94.48M | $88.70M | $71.55M |
| Deferred Tax Liabilities | $1.48M | $1.62M | $839.00K | $11.00K | $268.00K |
| Other Non-current Liabilities | $13.00K | $1.04M | $1.20M | $1.02M | $2.48M |
| Total Liabilities | $163.14M | $124.59M | $107.17M | $98.79M | $74.53M |
| Common Stock | - | - | - | - | - |
| Retained Earnings | $-82.72M | $-63.76M | $-72.00M | $-72.95M | $-39.10M |
| Total Stockholders Equity | $288.55M | $256.60M | $219.15M | $199.90M | $225.54M |
| Total Liabilities & Equity | $454.14M | $390.94M | $331.49M | $298.69M | $300.07M |
| 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 | $-18.96M | $-18.96M | $8.24M | $950.00K | $-33.85M | $-3.29M |
| Depreciation & Amortization | $23.60M | $13.87M | $10.07M | $6.79M | $6.65M | $3.54M |
| Stock-based Compensation | $84.28M | $52.62M | $28.00M | $15.34M | $7.39M | $2.74M |
| Deferred Income Tax | - | $-370.00K | $-1.01M | $301.00K | - | - |
| Change in Receivables | $25.75M | $18.16M | $-708.00K | $3.79M | $3.32M | $791.00K |
| Change in Payables | $19.35M | $13.16M | $450.00K | $-7.39M | $6.79M | $1.53M |
| Operating Cash Flow | $104.48M | $59.58M | $47.00M | $7.99M | $-9.62M | $23.76M |
| Capital Expenditure | $3.85M | $1.79M | $3.80M | $2.49M | $4.23M | $2.38M |
| Acquisitions | $7.18M | $5.57M | $25.90M | $5.07M | $13.99M | $350.00K |
| Investing Cash Flow | $140.23M | $162.94M | $-58.22M | $-29.07M | $-179.83M | $-4.63M |
| Stock Issued | - | - | - | - | - | $215.37M |
| Financing Cash Flow | $-8.96M | $-7.54M | $1.87M | $-19.00K | $-345.00K | $215.32M |
| Net Change in Cash | $236.64M | $215.41M | $-9.79M | $-20.92M | $-190.08M | $234.22M |
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 | $112.08M | - | $325.99M | - |
| Cost of Revenue | $22.22M | - | $63.20M | - |
| Gross Profit | $89.86M | - | $262.78M | - |
| Operating Expenses | $94.34M | - | $271.69M | - |
| Research & Development | $25.71M | - | $71.42M | - |
| Operating Income | $-4.49M | - | $-8.91M | - |
| Other Income/Expense | $2.16M | - | $8.62M | - |
| Income Before Tax | $-2.33M | - | $-290.00K | - |
| Income Tax Expense | $65.00K | - | $8.23M | - |
| Net Income | $-2.14M | $1.66M | $-7.86M | - |
| Basic EPS | -0.01 | - | -0.05 | - |
| Diluted EPS | -0.01 | - | -0.05 | - |
| Basic Shares Outstanding | $148.82M | - | $148.12M | - |
| Diluted Shares Outstanding | $148.82M | - | $148.12M | - |
Condensed Consolidated Balance Sheets
| Description | Sep 30, 2025 | Dec 31, 2024 |
|---|---|---|
| Cash & Cash Equivalents | $80.78M | $48.88M |
| Accounts Receivable | $17.02M | $8.96M |
| Other Current Assets | $19.95M | $21.62M |
| Total Current Assets | $323.87M | $276.18M |
| Goodwill | $59.81M | $56.14M |
| Intangible Assets | $37.32M | $32.05M |
| Other Non-current Assets | $6.43M | $5.83M |
| Total Assets | $450.41M | $390.94M |
| Accounts Payable | $20.88M | $10.46M |
| Accrued Liabilities | $25.87M | $20.22M |
| Deferred Revenue | $83.60M | $71.83M |
| Other Current Liabilities | $5.47M | $6.91M |
| Total Current Liabilities | $141.28M | $114.09M |
| Deferred Tax Liabilities | $1.54M | $1.62M |
| Other Non-current Liabilities | $97.00K | $1.04M |
| Total Liabilities | $151.86M | $124.59M |
| Retained Earnings | $-71.62M | $-63.76M |
| Total Stockholders Equity | $289.68M | $256.60M |
| Total Liabilities & Equity | $450.41M | $390.94M |
Condensed Consolidated Statements of Cash Flows
| Description | Sep 30, 2025 | Sep 30, 2025 | ||
|---|---|---|---|---|
| Current | Prior Year | Current YTD | Prior Year YTD | |
| Net Income | $-2.14M | $1.66M | $-7.86M | - |
| Depreciation & Amortization | - | - | $9.89M | - |
| Stock-based Compensation | - | - | $35.52M | - |
| Change in Receivables | - | - | $8.30M | - |
| Change in Payables | - | - | $10.25M | - |
| Operating Cash Flow | - | - | $44.69M | - |
| Capital Expenditure | - | - | $1.73M | - |
| Acquisitions | - | - | $1.65M | - |
| Investing Cash Flow | - | - | $-12.16M | - |
| Financing Cash Flow | - | - | $-1.60M | - |
| Net Change in Cash | - | - | $31.91M | - |
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.