-
Revenue
-
Net Income
-
Gross Margin
-
Op. Margin
-
Free Cash Flow
| Breakdown | Q1 2026 (Sep 30, 2025) |
Q1 2025 (Jun 29, 2025) |
Q4 2025 (Jun 30, 2025) |
Q3 2025 (Mar 31, 2025) |
Q2 2025 (Dec 31, 2024) |
|---|---|---|---|---|---|
| Total Revenue | $196.80M | $194.70M | $197.00M | $185.40M | $180.50M |
| Revenue Growth % (YoY) | 1.1% | nan% | nan% | nan% | nan% |
| Cost of Revenue | $273.90M | $230.90M | $222.70M | $207.90M | $217.70M |
| Gross Profit | $-77.10M | $-36.20M | $-25.70M | $-22.50M | $-37.20M |
| Gross Margin % | -39.2% | -18.6% | -13.0% | -12.1% | -20.6% |
| Operating Expenses | $84.30M | - | - | - | - |
| Research & Development | $31.70M | $50.90M | $37.60M | $42.20M | $44.40M |
| Selling General & Admin | $37.90M | $62.20M | $36.10M | $41.10M | $51.10M |
| Operating Income | $-161.40M | $-230.10M | $-581.60M | $-194.50M | $-323.00M |
| Operating Margin % | -82.0% | -118.2% | -295.2% | -104.9% | -178.9% |
| Interest Expense | $700.00K | - | - | - | - |
| Other Income/Expense | $22.40M | $-51.70M | $217.40M | $-90.90M | $-49.30M |
| Income Before Tax | $-643.50M | $-281.80M | $-679.40M | $-285.40M | $-372.30M |
| Income Tax Expense | $100.00K | $400.00K | $-10.10M | $100.00K | $-100.00K |
| Net Income | $-643.60M | $-282.20M | $-669.30M | $-285.50M | $-372.20M |
| Net Margin % | -327.0% | -144.9% | -339.7% | -154.0% | -206.2% |
| Basic EPS | -4.12 | -2.23 | -4.51 | -1.86 | -2.88 |
| Diluted EPS | -4.12 | -2.23 | -4.51 | -1.86 | -2.88 |
| Basic Shares Outstanding | 156.2M | 126.7M | 4.8M | 153.9M | 129.0M |
| Diluted Shares Outstanding | 156.2M | 126.7M | 4.8M | 153.9M | 129.0M |
| Breakdown | Q1 2026 (Sep 30, 2025) |
Q1 2025 (Jun 29, 2025) |
Q4 2025 (Jun 30, 2025) |
Q3 2025 (Mar 31, 2025) |
Q2 2025 (Dec 31, 2024) |
|---|---|---|---|---|---|
| Cash & Cash Equivalents | $571.60M | $726.10M | $467.20M | $730.20M | $614.00M |
| Short-term Investments | $354.40M | $961.50M | $488.20M | $599.40M | $790.80M |
| Accounts Receivable | $155.60M | $145.40M | $178.80M | $164.60M | $153.90M |
| Inventory | $385.50M | $467.90M | $435.40M | $459.10M | $477.10M |
| Other Current Assets | $118.30M | $98.90M | $222.00M | $249.50M | $123.10M |
| Total Current Assets | $2.31B | $2.46B | $2.54B | $2.87B | $2.23B |
| Goodwill | - | $359.20M | - | $359.20M | $359.20M |
| Intangible Assets | $24.20M | $23.70M | $23.80M | $23.80M | $23.60M |
| Other Non-current Assets | $254.90M | $251.10M | $263.80M | $271.80M | $264.90M |
| Total Assets | $6.55B | $7.86B | $6.85B | $7.57B | $7.74B |
| Deferred Revenue | $72.90M | $62.90M | $50.00M | $44.60M | $42.10M |
| Other Current Liabilities | $29.30M | $117.80M | $220.50M | $179.70M | $207.60M |
| Total Current Liabilities | $299.60M | $782.90M | $7.09B | $618.50M | $707.30M |
| Long-term Debt | - | $6.54B | - | - | - |
| Deferred Tax Liabilities | - | $10.80M | $500.00K | $10.80M | $10.80M |
| Other Non-current Liabilities | $16.60M | $256.50M | $202.60M | $211.90M | $218.20M |
| Total Liabilities | $7.63B | $7.30B | - | - | - |
| Common Stock | $200.00K | $200.00K | $200.00K | $200.00K | $200.00K |
| Retained Earnings | $-5.18B | $-3.21B | $-4.54B | $-3.87B | $-3.58B |
| Total Stockholders Equity | $-1.08B | $628.90M | $-447.10M | $212.70M | $372.60M |
| Total Liabilities & Equity | $6.55B | $7.86B | $6.85B | $7.57B | $7.74B |
| Breakdown | Q1 2026 (Sep 30, 2025) |
Q1 2025 (Jun 29, 2025) |
Q4 2025 (Jun 30, 2025) |
Q3 2025 (Mar 31, 2025) |
Q2 2025 (Dec 31, 2024) |
|---|---|---|---|---|---|
| Net Income | $-643.60M | $-282.20M | $-669.30M | $-939.90M | $-654.40M |
| Depreciation & Amortization | $69.30M | $71.10M | $60.40M | $191.70M | $137.80M |
| Stock-based Compensation | $13.60M | $23.70M | $10.60M | $62.70M | $43.90M |
| Change in Receivables | $-23.20M | $-2.00M | $14.20M | $17.20M | $6.50M |
| Change in Inventory | $-700.00K | $25.60M | $-22.10M | $20.80M | $35.30M |
| Change in Payables | $22.40M | $20.20M | $-32.00M | $-16.70M | $-3.00M |
| Operating Cash Flow | $5.70M | $-132.00M | $-242.50M | $-469.20M | $-327.10M |
| Capital Expenditure | $104.00M | $437.00M | $211.90M | $1.06B | $838.80M |
| Investing Cash Flow | $136.90M | $-193.00M | $-13.60M | $-254.50M | $-423.20M |
| Stock Issued | - | - | - | $203.90M | $100.00M |
| Financing Cash Flow | $-39.00M | $4.80M | $-7.80M | $407.90M | $318.50M |
| Net Change in Cash | $104.40M | $-319.80M | $-263.00M | $-315.70M | $-431.90M |
SEC Filing Format - Data shown as it appears in the Q1 2026 (10-Q) filing
Period ended: Sep 30, 2025
Condensed Consolidated Statements of Operations
| Description | Sep 30, 2025 | |
|---|---|---|
| Current | Prior Year | |
| Total Revenue | $196.80M | $194.70M |
| Cost of Revenue | $273.90M | $230.90M |
| Gross Profit | $-77.10M | $-36.20M |
| Operating Expenses | $84.30M | $193.90M |
| Research & Development | $31.70M | $50.90M |
| Selling General & Admin | $37.90M | $62.20M |
| Operating Income | $-161.40M | $-230.10M |
| Interest Expense | $700.00K | $64.50M |
| Other Income/Expense | $22.40M | $12.80M |
| Income Before Tax | $-643.50M | $-281.80M |
| Income Tax Expense | $100.00K | $400.00K |
| Net Income | $-643.60M | $-282.20M |
| Basic EPS | -4.12 | -2.23 |
| Diluted EPS | -4.12 | -2.23 |
| Basic Shares Outstanding | $156.19M | $126.73M |
| Diluted Shares Outstanding | $156.19M | $126.73M |
Condensed Consolidated Balance Sheets
| Description | Sep 30, 2025 | Jun 30, 2025 |
|---|---|---|
| Cash & Cash Equivalents | $571.60M | $467.20M |
| Short-term Investments | $354.40M | $488.20M |
| Accounts Receivable | $155.60M | $178.80M |
| Inventory | $385.50M | $435.40M |
| Other Current Assets | $118.30M | $222.00M |
| Total Current Assets | $2.31B | $2.54B |
| Intangible Assets | $24.20M | $23.80M |
| Other Non-current Assets | $254.90M | $266.90M |
| Total Assets | $6.55B | $6.85B |
| Deferred Revenue | $72.90M | $50.00M |
| Other Current Liabilities | $29.30M | $220.50M |
| Total Current Liabilities | $299.60M | $7.09B |
| Other Non-current Liabilities | $16.60M | $203.10M |
| Total Liabilities | $7.63B | $7.30B |
| Common Stock | $200.00K | $200.00K |
| Retained Earnings | $-5.18B | $-4.54B |
| Total Stockholders Equity | $-1.08B | $-447.10M |
| Total Liabilities & Equity | $6.55B | $6.85B |
Condensed Consolidated Statements of Cash Flows
| Description | Sep 30, 2025 | |
|---|---|---|
| Current | Prior Year | |
| Net Income | $-643.60M | $-282.20M |
| Depreciation & Amortization | $69.30M | $71.10M |
| Stock-based Compensation | $13.60M | $23.70M |
| Change in Receivables | $-23.20M | $-2.00M |
| Change in Inventory | $-700.00K | $25.60M |
| Change in Payables | $22.40M | $20.20M |
| Operating Cash Flow | $5.70M | $-132.00M |
| Capital Expenditure | $104.00M | $437.00M |
| Investing Cash Flow | $136.90M | $-193.00M |
| Financing Cash Flow | $-39.00M | $4.80M |
| Net Change in Cash | $104.40M | $-319.80M |
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.