$1.23B
Revenue
$-31.77M
Net Income
74.67%
Gross Margin
-5.49%
Op. Margin
$285.54M
Free Cash Flow
| Breakdown | TTM (Dec 31, 2025) |
FY 2025 (Dec 31, 2025) |
FY 2024 (Dec 31, 2024) |
FY 2023 (Dec 31, 2023) |
|---|---|---|---|---|
| Total Revenue | $1.23B | $1.23B | $937.46M | $698.10M |
| Revenue Growth % | 0.0% | 31.6% | 34.3% | nan% |
| Cost of Revenue | $312.52M | $312.52M | $221.31M | $177.89M |
| Gross Profit | $921.50M | $921.50M | $716.16M | $520.21M |
| Gross Margin % | 74.7% | 74.7% | 76.4% | 74.5% |
| Operating Expenses | $989.25M | $989.25M | $800.24M | $850.83M |
| Research & Development | $291.21M | $291.21M | $238.46M | $262.18M |
| Operating Income | $-67.76M | $-67.76M | $-84.08M | $-330.62M |
| Operating Margin % | -5.5% | -5.5% | -9.0% | -47.4% |
| Interest Expense | - | - | - | - |
| Interest Income | $39.40M | $39.40M | $39.58M | $24.05M |
| Other Income/Expense | $-2.16M | $-2.16M | $816.00K | $-470.00K |
| Income Before Tax | $-30.52M | $-30.52M | $-43.68M | $-307.04M |
| Income Tax Expense | $1.25M | $1.25M | $2.46M | $1.19M |
| Net Income | $-31.77M | $-31.77M | $-46.14M | $-308.23M |
| Net Margin % | -2.6% | -2.6% | -4.9% | -44.2% |
| Basic EPS | -0.11 | -0.11 | -0.17 | -1.27 |
| Diluted EPS | -0.11 | -0.11 | -0.17 | -1.27 |
| Basic Shares Outstanding | - | 290.9M | 266.3M | 242.9M |
| Diluted Shares Outstanding | - | 290.9M | 266.3M | 242.9M |
| Breakdown | FY 2025 (Dec 31, 2025) |
FY 2024 (Dec 31, 2024) |
FY 2023 (Dec 31, 2023) |
|---|---|---|---|
| Cash & Cash Equivalents | $1.06B | $881.47M | $738.56M |
| Accounts Receivable | $60.71M | $43.09M | $23.08M |
| Other Current Assets | $50.12M | $34.26M | $26.24M |
| Total Current Assets | $1.21B | $979.75M | $803.49M |
| Property Plant & Equipment | $80.34M | $48.20M | $43.45M |
| Other Non-current Assets | $12.44M | $15.83M | $7.42M |
| Total Assets | $1.58B | $1.27B | $1.09B |
| Accounts Payable | $29.07M | $14.58M | $13.60M |
| Accrued Liabilities | $125.16M | $99.83M | $62.84M |
| Deferred Revenue | $103.25M | $64.50M | $40.10M |
| Total Current Liabilities | $282.23M | $199.89M | $130.62M |
| Other Non-current Liabilities | $5.82M | $6.98M | $6.16M |
| Total Liabilities | $384.04M | $239.32M | $174.27M |
| Retained Earnings | $-876.95M | $-845.18M | $-799.04M |
| Total Stockholders Equity | $1.20B | $1.03B | $914.78M |
| Total Liabilities & Equity | $1.58B | $1.27B | $1.09B |
| Breakdown | TTM (Dec 31, 2025) |
FY 2025 (Dec 31, 2025) |
FY 2024 (Dec 31, 2024) |
FY 2023 (Dec 31, 2023) |
|---|---|---|---|---|
| Net Income | $-45.86M | $-31.77M | $-46.14M | $-308.23M |
| Depreciation & Amortization | $32.09M | $18.60M | $17.72M | $13.65M |
| Stock-based Compensation | $284.09M | $162.03M | $135.21M | $340.80M |
| Deferred Income Tax | - | $-3.06M | $559.00K | $-3.43M |
| Change in Receivables | $49.58M | $19.66M | $20.76M | $12.88M |
| Change in Payables | $21.92M | $12.03M | $113.00K | $4.50M |
| Operating Cash Flow | $302.46M | $218.01M | $165.96M | $119.37M |
| Capital Expenditure | $16.91M | $9.48M | $5.92M | $3.65M |
| Investing Cash Flow | $-53.28M | $-30.50M | $-17.23M | $-9.36M |
| Stock Issued | - | - | - | - |
| Stock Repurchased | - | - | - | - |
| Financing Cash Flow | $-5.89M | $-4.49M | $-5.80M | $242.73M |
| Net Change in Cash | $243.28M | $183.03M | $142.93M | $352.74M |
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 | $310.88M | $235.09M | $883.82M | $667.30M |
| Cost of Revenue | $76.14M | $54.36M | $215.08M | $149.57M |
| Gross Profit | $234.74M | $180.74M | $668.75M | $517.73M |
| Operating Expenses | $245.57M | $194.01M | $734.66M | $567.16M |
| Research & Development | $72.67M | $55.77M | $214.48M | $167.60M |
| Operating Income | $-10.84M | $-13.28M | $-65.91M | $-49.42M |
| Interest Income | $10.31M | $10.50M | $29.31M | $30.03M |
| Other Income/Expense | $-89.00K | $229.00K | $-1.65M | $290.00K |
| Income Before Tax | $-614.00K | $-2.54M | $-38.25M | $-19.11M |
| Income Tax Expense | $-188.00K | $-1.20M | $546.00K | $64.00K |
| Net Income | $-426.00K | $-1.34M | $-38.80M | $-19.17M |
| Basic EPS | 0.00 | -0.01 | -0.14 | -0.07 |
| Diluted EPS | 0.00 | -0.01 | -0.14 | -0.07 |
| Basic Shares Outstanding | $300.83M | $267.85M | $286.81M | $264.85M |
| Diluted Shares Outstanding | $300.83M | $267.85M | $286.81M | $264.85M |
Condensed Consolidated Balance Sheets
| Description | Sep 30, 2025 | Dec 31, 2024 |
|---|---|---|
| Cash & Cash Equivalents | $980.27M | $881.47M |
| Accounts Receivable | $61.24M | $43.09M |
| Other Current Assets | $41.49M | $34.26M |
| Total Current Assets | $1.11B | $979.75M |
| Property Plant & Equipment | $67.27M | $48.20M |
| Other Non-current Assets | $14.46M | $15.83M |
| Total Assets | $1.47B | $1.27B |
| Accounts Payable | $20.52M | $14.58M |
| Accrued Liabilities | $94.55M | $99.83M |
| Deferred Revenue | $87.93M | $64.50M |
| Total Current Liabilities | $227.50M | $199.89M |
| Other Non-current Liabilities | $6.59M | $6.98M |
| Total Liabilities | $322.99M | $239.32M |
| Retained Earnings | $-883.98M | $-845.18M |
| Total Stockholders Equity | $1.14B | $1.03B |
| Total Liabilities & Equity | $1.47B | $1.27B |
Condensed Consolidated Statements of Cash Flows
| Description | Sep 30, 2025 | Sep 30, 2025 | ||
|---|---|---|---|---|
| Current | Prior Year | Current YTD | Prior Year YTD | |
| Net Income | $-426.00K | $-1.34M | $-38.80M | $-19.17M |
| Depreciation & Amortization | - | - | $13.09M | $12.77M |
| Stock-based Compensation | - | - | $124.17M | $100.69M |
| Change in Receivables | - | - | $20.03M | $11.52M |
| Change in Payables | - | - | $6.75M | $-2.07M |
| Operating Cash Flow | - | - | $124.85M | $105.87M |
| Capital Expenditure | - | - | $7.02M | $3.58M |
| Acquisitions | - | - | $2.03M | - |
| Investing Cash Flow | - | - | $-24.78M | $-11.60M |
| Financing Cash Flow | - | - | $-1.65M | $-6.03M |
| Net Change in Cash | - | - | $98.42M | $88.24M |
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.