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Price chart (1D to 10Y)
Licensed market data — shown to members, not published to the open web.
Income Statement, fiscal years · USD, as filed
| Line item | Dec 23 | Dec 24 | Dec 25 |
|---|---|---|---|
| Total revenue | $58.74M | $149.96M | $149.50M |
| Cost of revenue | $619.00K | $847.00K | $0 |
| Gross profit | $58.13M | $149.11M | $149.50M |
| Gross margin | 9890.0% | 9940.0% | 10000.0% |
| Research & development | $166.58M | $177.19M | $147.17M |
Source: SEC filings. Information and analytics, not investment advice.
| Selling, general & admin | — | — | — |
| Total operating expenses | $226.37M | $259.69M | $222.34M |
| Operating income | -$168.24M | -$110.57M | -$72.84M |
| Operating margin | -28640.0% | -7370.0% | -4870.0% |
| Interest expense | $1.43M | $1.11M | $8.50M |
| Pretax income | -$9.05M | -$66.02M | -$75.29M |
| Tax provision | $0 | $944.00K | -$672.00K |
| Net income | -$9.05M | -$66.96M | -$74.62M |
| Net margin | -1540.0% | -4470.0% | -4990.0% |
| EBITDA | -$158.59M | -$103.03M | -$65.66M |
| Basic EPS | -0.15 | -1.07 | -1.18 |
| Diluted EPS | -0.15 | -1.07 | -1.18 |