7Baggers
Quarterly
Annual
    Unit: USD2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2022-06-30 2022-03-31 2021-12-31 2021-09-30 2021-06-30 
      
    		                  
      revenues
    		14,739,000 1,156,000 718,000 1,918,000 1,100,000 900,000 500,000      4,168,000 7,264,000 2,394,000 6,220,000 2,450,000 2,773,000 
      yoy
    		1239.91% 28.44% 43.60%          70.12% 161.95%     
      qoq
    		1175.00% 61.00% -62.57% 74.36% 22.22% 80.00%       -42.62% 203.43% -61.51% 153.88% -11.65%  
      operating expenses:
    		                  
      cost of revenues
    		5,511,000                  
      engineering services costs
    		40,836,000 28,598,000 27,204,000 30,945,000 21,828,000 21,202,000 19,511,000 19,993,000 19,523,000 22,813,000         
      general and administrative costs
    		29,822,000 27,242,000 18,384,000 15,889,000 15,551,000 17,839,000 12,287,000 10,528,000 10,995,000 10,221,000 9,857,000 10,698,000 12,916,000 13,075,000 11,619,000 11,605,000 9,331,000 9,157,000 
      research and development costs
    		5,530,000 6,393,000 7,135,000 5,348,000 14,724,000 4,460,000 4,257,000 10,765,000 9,418,000 10,921,000 16,381,000 14,651,000 13,543,000 9,145,000 8,281,000 7,949,000 4,888,000 9,052,000 
      depreciation and amortization
    		12,716,000 11,720,000 10,958,000 8,460,000 14,543,000 20,392,000 19,945,000 19,592,000 19,029,000 14,115,000 1,733,000 1,254,000 1,172,000 1,185,000 1,100,000 864,000 867,000 567,000 
      total operating expenses
    		94,415,000 73,953,000 63,681,000 60,642,000 66,646,000 63,893,000 56,000,000 60,878,000 58,965,000 58,070,000 44,454,000 42,607,000 42,123,000 35,404,000 32,740,000 31,260,000 23,112,000 25,097,000 
      other income:
    		                  
      gain on remeasurement of warrant liabilities
    		2,938,000  -3,206,000 16,212,000 -236,912,000 -66,140,000 18,214,000 -12,468,000 7,481,000 6,475,000 7,498,000 17,445,000 -15,897,000 23,049,000     
      interest expense
    		-7,545,000 -5,657,000 -4,736,000                
      interest income
    		12,239,000 8,017,000 8,196,000 20,010,000 -1,386,000 -2,238,000 -2,222,000         3,000 4,000 6,000 
      other income
    		-91,409,000 308,000 -751,000 206,000 1,410,000 252,000 -2,000 -4,364,000 1,002,000 1,217,000 -8,144,000 -57,000 24,875,000 -679,000 15,000 -2,094,000 180,000 -6,000 
      total other income
    		-83,777,000 -62,364,000 -497,000 6,784,000 -236,888,000 -68,126,000 15,990,000 -14,157,000 8,483,000 7,692,000 -646,000 17,388,000 8,978,000 22,370,000 -5,467,000 15,936,000 39,585,000 -41,677,000 
      income before income tax expense
    		-163,453,000 -135,161,000 -63,460,000    -39,510,000    -45,100,000 -25,219,000 -31,502,000 -7,972,000 -37,799,000 -12,545,000 16,820,000 -65,113,000 
      income tax expense
    		-374,000 -742,000 -168,000    -294,000    -116,000 -130,000 550,000 96,000 104,000 258,000 16,000 -56,000 
      net income before allocation to noncontrolling interest
    		-163,827,000 -135,903,000 -63,628,000 -52,096,000 -303,080,000 -131,350,000 -39,804,000 -77,124,000 -50,748,000 -49,589,000 -45,216,000 -25,089,000 -32,052,000 -8,068,000 -37,903,000 -12,803,000 16,804,000  
      net income attributable to noncontrolling interest
    		-40,953,000 -36,509,000 -17,922,000 -16,239,000 -131,134,000 -58,800,000 -20,074,000 -45,198,000 -29,839,000 -31,181,000 -28,898,000 -16,860,000 -22,286,000 -5,144,000 -27,182,000 -9,693,000 12,689,000  
      net income attributable to common stockholders
    		-122,874,000 -99,394,000 -45,706,000 -35,857,000 -171,946,000 -72,550,000 -19,730,000 -31,926,000 -20,909,000 -18,408,000 -16,318,000 -8,229,000 -9,766,000 -2,924,000 -10,721,000 -3,110,000 4,115,000  
      net income per share
    		                  
      basic and diluted
    		-0.45 -0.41 -0.2 -0.05 -1.1 -0.51 -0.16 -0.37 -0.23 -0.24 -0.23   -0.06 -0.21    
      weighted-average number of shares
    		                  
      basic and diluted
    		272,831,168 241,985,507 223,974,396 154,501,344 155,644,888 141,185,500 121,447,138 81,824,122 89,514,621 75,640,650 71,845,206 54,437,073  51,868,658 51,760,520 51,729,785   
      loss on remeasurement of warrant liabilities
    		 -65,032,000             -5,482,000    
      weighted-average number of shares of class a common stock outstanding
    		                  
      basic and diluted
    		272,831,168 241,985,507 223,974,396 154,501,344 155,644,888 141,185,500 121,447,138 81,824,122 89,514,621 75,640,650 71,845,206 54,437,073  51,868,658 51,760,520 51,729,785   
      income before income tax benefit
    		   -118,265,500 -302,434,000 -131,119,000  -36,490,250 -50,482,000 -50,378,000         
      income tax benefit
    		   -293,000 -646,000 -231,000  102,000 -266,000 789,000         
      weighted-average shares of class a common stock outstanding
    		                  
      basic and diluted
    		272,831,168 241,985,507 223,974,396 154,501,344 155,644,888 141,185,500 121,447,138 81,824,122 89,514,621 75,640,650 71,845,206 54,437,073  51,868,658 51,760,520 51,729,785   
      cost of sales
    		            2,525,000 2,202,000 1,986,000 3,441,000 2,103,000 -1,112,000 
      gross profit
    		            1,643,000 5,062,000 408,000 2,779,000 347,000 1,661,000 
      yoy
    		            373.49% 204.76%     
      qoq
    		            -67.54% 1140.69% -85.32% 700.86% -79.11%  
      gross margin %
    		0% 0% 0% 0% 0% 0% 0%      39.42% 69.69% 17.04% 44.68% 14.16% 59.90% 
      engineering services
    		          16,483,000 16,004,000 14,492,000 11,999,000 11,740,000 10,842,000 8,026,000 6,321,000 
      net income per share
    		                  
      basic
    		           -0.113 -0.18   -0.078 0.08  
      diluted
    		           -0.113 -0.18   -0.078 0.07  
      weighted-average shares used for eps calculation
    		                  
      basic
    		            53,233,552    51,729,704  
      diluted
    		            53,233,552    51,839,841  
      weighted-average shares used for eps calculation
    		                  
      basic and diluted
    		272,831,168 241,985,507 223,974,396 154,501,344 155,644,888 141,185,500 121,447,138 81,824,122 89,514,621 75,640,650 71,845,206 54,437,073  51,868,658 51,760,520 51,729,785   
      changes in fair value of warrant liabilities
    		               -569,000 39,401,000 -41,677,000 
      other income and expense:
    		                  
      net income
    		                 -65,169,000 
      yoy
    		                  
      qoq
    		                  
      net income margin %
    		0% 0% 0% 0% 0% 0% 0%      0% 0% 0% 0% 0% -2350.13% 
      add: net income attributable to noncontrolling interests
    		                 45,191,000 
      net income attributable to common shareholders
    		                 -19,978,000 
      basic and diluted net income per share
    		                 -0.39 
      basic and diluted weighted-average shares used in computing net income per share
    		                 51,729,704 
    The information provided in this report is taken from www.sec.gov and many other data providers. While we have conducted our best efforts to ensure that the parsed data is accurate, we cannot guarantee its accuracy. Please use caution and understand that any consequences of its use are your own responsibility.