Price chart (1D to 10Y)
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Income Statement, fiscal years · USD, as filed
| Line item | Dec 21 | Dec 22 | Dec 23 | Dec 24 | Dec 25 |
|---|---|---|---|---|---|
| Total revenue | $810.45M | $587.36M | $787.64M | $705.13M | $943.71M |
| Cost of revenue | $10.84M | $14.11M | $9.13M | $11.21M | $15.90M |
| Gross profit | $799.61M | $573.25M | $778.51M | $693.92M | $927.80M |
Source: SEC filings. Information and analytics, not investment advice.
| Gross margin |
| 9870.0% |
| 9760.0% |
| 9880.0% |
| 9840.0% |
| 9830.0% |
| Research & development | $638.20M | — | $899.62M | $901.53M | $915.61M |
| Selling, general & admin | $186.34M | $150.29M | $232.61M | $267.47M | $393.86M |
| Total operating expenses | $829.80M | $983.44M | $1.13B | $1.16B | $1.30B |
| Operating income | -$30.18M | -$410.19M | -$353.73M | -$475.08M | -$381.68M |
| Operating margin | -370.0% | -6980.0% | -4490.0% | -6740.0% | -4040.0% |
| Interest expense | $9.34M | $8.12M | $12.66M | $16.99M | $17.26M |
| Pretax income | -$29.14M | -$257.98M | -$333.96M | -$460.06M | -$379.60M |
| Tax provision | -$551.00K | $11.73M | $32.32M | -$6.17M | $1.78M |
| Net income | -$28.59M | -$269.72M | -$366.28M | -$453.89M | -$381.38M |
| Net margin | -350.0% | -4590.0% | -4650.0% | -6440.0% | -4040.0% |
| EBITDA | -$12.34M | -$393.44M | -$340.87M | -$463.13M | -$369.23M |
| Basic EPS | — | — | -2.56 | -3.04 | -2.38 |
| Diluted EPS | — | — | -2.56 | -3.04 | -2.38 |