$1.23B
Revenue
$-31.77M
Net Income
74.67%
Gross Margin
-5.49%
Op. Margin
$285.54M
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) |
|---|---|---|---|---|---|---|---|
| Total Revenue | $350.19M | $310.88M | $293.12M | $279.83M | $270.16M | $235.09M | $222.21M |
| Revenue Growth % (YoY) | 29.6% | 32.2% | 31.9% | nan% | nan% | nan% | nan% |
| Cost of Revenue | $97.44M | $76.14M | $71.24M | $67.70M | $71.74M | $54.36M | $50.27M |
| Gross Profit | $252.75M | $234.74M | $221.88M | $212.13M | $198.43M | $180.74M | $171.94M |
| Gross Margin % | 72.2% | 75.5% | 75.7% | 75.8% | 73.4% | 76.9% | 77.4% |
| Operating Expenses | $254.60M | $245.57M | $253.21M | $235.88M | $233.08M | $194.01M | $186.00M |
| Research & Development | $76.73M | $72.67M | $72.46M | $69.35M | $70.86M | $55.77M | $55.73M |
| Operating Income | $-1.85M | $-10.84M | $-31.33M | $-23.75M | $-34.65M | $-13.28M | $-14.05M |
| Operating Margin % | -0.5% | -3.5% | -10.7% | -8.5% | -12.8% | -5.6% | -6.3% |
| Interest Income | $10.09M | $10.31M | $9.74M | $9.26M | $9.55M | $10.50M | $9.98M |
| Other Income/Expense | $-511.00K | $-89.00K | $-898.00K | $-664.00K | $526.00K | $229.00K | $-7.00K |
| Income Before Tax | $7.73M | $-614.00K | $-22.48M | $-15.15M | $-24.57M | $-2.54M | $-4.08M |
| Income Tax Expense | $704.00K | $-188.00K | $1.80M | $-1.07M | $2.40M | $-1.20M | $861.00K |
| Net Income | $7.03M | $-426.00K | $-24.28M | $-14.09M | $-26.97M | $-1.34M | $-4.94M |
| Net Margin % | 2.0% | -0.1% | -8.3% | -5.0% | -10.0% | -0.6% | -2.2% |
| Basic EPS | 0.03 | 0.00 | -0.09 | -0.05 | -0.10 | -0.01 | -0.02 |
| Diluted EPS | 0.03 | 0.00 | -0.09 | -0.05 | -0.10 | -0.01 | -0.02 |
| Basic Shares Outstanding | - | 300.8M | 284.9M | 274.2M | 1.5M | 267.9M | 265.3M |
| Diluted Shares Outstanding | - | 300.8M | 284.9M | 274.2M | 1.5M | 267.9M | 265.3M |
| 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 | $1.06B | $980.27M | $935.52M | $888.43M | $881.47M | $826.74M | $793.55M |
| Accounts Receivable | $60.71M | $61.24M | $58.84M | $53.91M | $43.09M | $34.46M | $29.23M |
| Other Current Assets | $50.12M | $41.49M | $41.64M | $41.90M | $34.26M | $35.57M | $31.15M |
| Total Current Assets | $1.21B | $1.11B | $1.06B | $1.01B | $979.75M | $916.22M | $872.36M |
| Property Plant & Equipment | $80.34M | $67.27M | $56.68M | $51.75M | $48.20M | $45.19M | $44.37M |
| Other Non-current Assets | $12.44M | $14.46M | $12.91M | $14.08M | $15.83M | $12.44M | $10.07M |
| Total Assets | $1.58B | $1.47B | $1.40B | $1.35B | $1.27B | $1.19B | $1.15B |
| Accounts Payable | $29.07M | $20.52M | $22.88M | $14.29M | $14.58M | $11.35M | $9.42M |
| Accrued Liabilities | $125.16M | $94.55M | $89.56M | $83.77M | $99.83M | $64.92M | $62.40M |
| Deferred Revenue | $103.25M | $87.93M | $82.71M | $76.19M | $64.50M | $52.93M | $46.78M |
| Total Current Liabilities | $282.23M | $227.50M | $214.24M | $192.82M | $199.89M | $142.33M | $131.61M |
| Other Non-current Liabilities | $5.82M | $6.59M | $6.79M | $6.44M | $6.98M | $6.80M | $6.66M |
| Total Liabilities | $384.04M | $322.99M | $301.13M | $283.38M | $239.32M | $178.46M | $170.34M |
| Retained Earnings | $-876.95M | $-883.98M | $-883.55M | $-859.27M | $-845.18M | $-818.21M | $-816.87M |
| Total Stockholders Equity | $1.20B | $1.14B | $1.10B | $1.06B | $1.03B | $1.01B | $979.50M |
| Total Liabilities & Equity | $1.58B | $1.47B | $1.40B | $1.35B | $1.27B | $1.19B | $1.15B |
| 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 | $7.03M | $-426.00K | $-38.37M | $-14.09M | $-26.97M | $-19.17M | $-4.94M |
| Depreciation & Amortization | $5.51M | $13.09M | $8.71M | $4.78M | $4.95M | $12.77M | $8.21M |
| Stock-based Compensation | $37.86M | $124.17M | $83.73M | $38.33M | $34.52M | $100.69M | $69.13M |
| Change in Receivables | $-369.00K | $20.03M | $17.28M | $12.63M | $9.24M | $11.52M | $6.44M |
| Change in Payables | $5.28M | $6.75M | $9.20M | $684.00K | $2.18M | $-2.07M | $-4.25M |
| Operating Cash Flow | $93.16M | $124.85M | $70.09M | $14.36M | $60.09M | $105.87M | $67.08M |
| Capital Expenditure | $2.47M | $7.02M | $4.75M | $2.69M | $2.35M | $3.58M | $2.03M |
| Acquisitions | - | $2.03M | - | - | - | - | - |
| Investing Cash Flow | $-5.71M | $-24.78M | $-15.05M | $-7.74M | $-5.63M | $-11.60M | $-7.06M |
| Financing Cash Flow | $-2.84M | $-1.65M | $-1.37M | $-37.00K | $228.00K | $-6.03M | $-5.05M |
| Net Change in Cash | $84.61M | $98.42M | $53.67M | $6.58M | $54.69M | $88.24M | $54.97M |
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-Q filings.
Quarterly data represents single quarter results (Q1-Q4). Some items may show year-to-date values if quarterly breakdown is unavailable.