7Baggers
Quarterly
Annual
    Unit: USD2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 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 2021-03-31 2020-12-31 2020-09-30 2020-06-30 2020-03-31 2019-12-31 2019-09-30 2019-06-30 2019-03-31 
      
    		                          
      assets
    		                          
      current assets:
    		                          
      cash and cash equivalents
    		54,482,000 48,166,000 59,322,000 82,840,000 114,209,000 109,563,000 139,095,000 74,723,000 89,115,000 89,933,000 69,552,000 56,069,000 76,717,000 159,416,000 329,977,000 129,323,000 134,689,000 206,730,000 208,944,000 518,874  977,141 1,365,240 1,450,092 271,007 1,289,907 
      restricted cash
    		2,610,000 2,740,000 1,900,000 1,882,000 1,937,000 1,733,000 1,529,000 3,465,000 2,381,000 2,226,000 1,553,000 1,234,000 980,000 710,000 725,000 725,000 725,000 725,000 775,000        
      marketable securities
    		19,508,000 59,465,000 78,863,000 99,827,000 84,409,000 108,768,000 150,727,000 246,242,000 276,678,000 332,363,000 419,314,000 496,983,000 528,548,000 547,440,000 462,141,000 415,544,000 445,755,000 403,591,000 276,710,000        
      accounts receivable
    		14,317,000 18,457,000 28,471,000 14,272,000 15,246,000 29,034,000 14,124,000 18,903,000 16,809,000 21,051,000 11,172,000 9,936,000 9,279,000 3,256,000 13,013,000 1,033,000 2,444,000 2,143,000 5,971,000        
      inventory
    		16,103,000 18,047,000 13,916,000 14,908,000 17,636,000 16,417,000 12,196,000 16,698,000 20,317,000 14,918,000 8,792,000 9,153,000 9,349,000 10,012,000 10,342,000            
      prepaid expenses and other current assets
    		15,153,000 20,453,000 23,551,000 31,498,000 30,449,000 41,122,000 32,950,000 29,389,000 29,949,000 33,859,000 44,203,000 40,096,000 46,178,000 37,545,000 29,195,000 23,883,000 13,660,000 10,371,000 4,797,000        
      total current assets
    		122,173,000 167,328,000 206,023,000 245,227,000 263,886,000 306,637,000 350,621,000 389,420,000 435,249,000 494,350,000 554,586,000 613,471,000 671,051,000 758,379,000 845,393,000 578,379,000 601,591,000 626,843,000 500,810,000 578,334  1,132,341 1,501,639 1,643,521 521,898 1,597,796 
      property and equipment
    		37,798,000 46,643,000 49,537,000 52,281,000 55,220,000 62,127,000 66,300,000 72,647,000 79,144,000 78,395,000 30,260,000 21,646,000 19,946,000 16,437,000 11,009,000 11,128,000 9,258,000 8,366,000 7,689,000        
      operating lease right-of-use assets
    		17,108,000 20,127,000 29,561,000 31,479,000 41,036,000 46,631,000 42,706,000 19,660,000 21,043,000 20,986,000 21,244,000 22,812,000 17,447,000 14,005,000 9,145,000 10,165,000 11,976,000 12,835,000         
      intangible assets
    		10,986,000 13,493,000 14,524,000 15,556,000 16,712,000 21,994,000 22,994,000 27,059,000 28,157,000 29,255,000 22,077,000 22,768,000 23,458,000 2,361,000 2,424,000 2,488,000           
      goodwill
    		1,750,000 3,994,000 3,994,000 3,994,000 3,994,000 7,390,000 7,390,000 19,879,000 19,879,000 19,879,000 18,816,000 18,830,000 18,465,000 2,945,000 3,110,000 3,110,000 701,000 701,000 701,000        
      other non-current assets
    		13,701,000 13,902,000 15,810,000 16,676,000 22,566,000 23,166,000 22,356,000 24,213,000 16,302,000 15,486,000 40,344,000 42,981,000 25,230,000 13,673,000 12,455,000 2,536,000 2,641,000 2,469,000 1,151,000        
      total assets
    		203,516,000 265,487,000 319,449,000 365,213,000 403,414,000 467,945,000 512,367,000 552,878,000 599,774,000 658,351,000 687,327,000 742,508,000 775,597,000 807,800,000 883,536,000 607,806,000 626,167,000 651,214,000 510,351,000 406,303,529  408,833,563 407,938,951 406,382,460 404,408,042 402,988,525 
      liabilities, preferred stock and stockholders’ deficit
    		                          
      current liabilities:
    		                          
      accounts payable
    		21,391,000 29,714,000 27,661,000 18,972,000 28,761,000 27,359,000 21,113,000 20,732,000 21,909,000 29,916,000 18,626,000 24,216,000 20,119,000 17,293,000 14,419,000 9,682,000 6,996,000 7,845,000 6,039,000        
      accrued and other current liabilities
    		33,915,000 31,901,000 35,049,000 31,567,000 47,954,000 52,136,000 52,605,000 58,489,000 66,039,000 64,662,000 52,962,000 31,832,000 31,504,000 24,848,000 19,844,000 18,551,000 12,904,000 8,919,000 10,452,000        
      operating lease liabilities
    		7,362,000 7,572,000 9,968,000 10,049,000 10,978,000 11,309,000 10,154,000 6,475,000 6,071,000 5,906,000 5,953,000 6,139,000 6,217,000 5,079,000 4,735,000 4,927,000 4,275,000 4,312,000         
      total current liabilities
    		62,668,000 69,187,000 72,678,000 60,588,000 87,693,000 90,804,000 83,872,000 85,696,000 94,019,000 100,484,000 77,541,000 62,187,000 57,840,000 47,220,000 38,998,000 33,226,000 24,239,000 21,180,000 16,590,000 3,098,900  1,481,597 1,355,865 689,313 156,103 956,425 
      debt
    		429,178,000 429,679,000 486,299,000 500,516,000                       
      operating lease liabilities, non-current
    		13,047,000 14,406,000 22,007,000 24,083,000 33,016,000 38,386,000 35,079,000 15,551,000 16,701,000 17,061,000 16,989,000 18,057,000 12,464,000 10,102,000 5,768,000 6,639,000 8,760,000 9,662,000         
      other non-current liabilities
    		184,000 184,000 134,000 815,000 1,292,000 2,115,000 1,667,000 1,017,000 358,000 6,026,000 4,005,000 2,338,000 1,806,000 429,000 598,000 911,000 1,133,000 1,236,000 1,318,000        
      total liabilities
    		505,077,000 513,456,000 581,119,000 586,002,000 661,425,000 747,790,000 737,115,000 718,543,000 728,921,000 740,631,000 713,732,000 699,548,000 687,036,000 683,916,000 685,551,000 68,706,000 79,151,000 84,054,000 361,610,000 17,098,900  15,481,597 15,355,865 14,982,907 14,515,306 14,956,425 
      commitments and contingencies
    		                          
      series a preferred stock
    		3,368,000 24,210,000                         
      stockholders’ deficit:
    		                          
      class a common stock
    		7,000 5,000 3,000 3,000 42,000 36,000 34,000 32,000 31,000 30,000 29,000 29,000 28,000 27,000 27,000 26,000 24,000 23,000 22,000 384,204,620  129 129 136 151 170 
      class b common stock
    		1,000 1,000 1,000 1,000 10,000 10,000 10,000 10,000 10,000 10,000 10,000 10,000 10,000 10,000 10,000 10,000 11,000 11,000 11,000        
      additional paid-in capital
    		2,310,266,000 2,257,171,000 2,244,742,000 2,204,814,000 2,122,786,000 1,998,063,000 1,927,378,000 1,838,299,000 1,741,053,000 1,647,357,000 1,558,685,000 1,484,996,000 1,413,064,000 1,314,742,000 1,257,214,000 1,287,558,000 1,244,228,000 1,227,559,000 733,175,000 2,954,117  24,006  759,209 2,266,014  
      accumulated other comprehensive loss
    		-456,000 -454,000      -235,000 -808,000 -2,000,000 -4,226,000 -5,989,000 -6,005,000 -4,556,000             
      treasury stock
    		-312,477,000 -312,477,000 -312,477,000 -312,477,000 -312,477,000 -312,477,000 -312,477,000 -312,477,000 -312,477,000 -312,477,000 -312,477,000 -312,477,000 -312,477,000 -275,519,000 -235,871,000            
      accumulated deficit
    		-2,302,270,000 -2,216,425,000 -2,193,526,000 -2,112,835,000 -2,068,613,000 -1,965,409,000 -1,839,695,000 -1,691,294,000 -1,556,956,000 -1,415,200,000 -1,268,426,000 -1,123,609,000 -1,006,059,000 -910,820,000 -822,487,000 -748,594,000 -697,254,000 -660,424,000 -584,501,000        
      total stockholders’ deficit
    		-304,929,000 -272,179,000 -261,670,000 -220,789,000 -258,011,000 -279,845,000 -224,748,000 -165,665,000 -129,147,000 -82,280,000                 
      total liabilities, preferred stock and stockholders’ deficit
    		203,516,000 265,487,000                         
      liabilities and stockholders’ deficit
    		                          
      warrant liabilities
    		  1,000  19,000 248,000 1,069,000 1,660,000 4,033,000 4,059,000 3,005,000 5,582,000 4,351,000 16,399,000 31,230,000 27,753,000 44,825,000 51,753,000 343,400,000        
      accumulated other comprehensive income loss
    		  -413,000                        
      total liabilities and stockholders’ deficit
    		  319,449,000 365,213,000 403,414,000 467,945,000 512,367,000 552,878,000 599,774,000 658,351,000                 
      preferred stock, 0.0001 par value; 10,000,000 shares authorized, no shares issued and outstanding as of december 31, 2024 and 2023
    		                          
      accumulated other comprehensive income
    		   -295,000 241,000 -68,000 2,000        -908,000 100,000 7,000 -9,000 34,000        
      convertible and senior notes
    		    539,405,000                      
      convertible senior notes
    		     616,237,000 615,428,000 614,619,000 613,810,000 613,001,000 612,192,000 611,384,000 610,575,000 609,766,000 608,957,000            
      preferred stock, 0.0001 par value; 10,000,000 shares authorized, no shares issued and outstanding as of december 31, 2023 and 2022
    		                          
      liabilities and stockholders’ equity
    		                          
      stockholders’ equity
    		                          
      preferred stock, 0.0001 par value; 10,000,000 shares authorized, no shares issued and outstanding as of december 31, 2022 and 2021
    		                          
      total stockholders’ equity
    		          -26,405,000 42,960,000 88,561,000 123,884,000 197,985,000 539,100,000 547,016,000 567,160,000 148,741,000 5,000,009  6,217,206 5,448,326 5,000,003 5,000,006 5,000,010 
      total liabilities and stockholders’ equity
    		          687,327,000 742,508,000 775,597,000 807,800,000 883,536,000 607,806,000 626,167,000 651,214,000  406,303,529  408,833,563 407,938,951 406,382,460 404,408,042 402,988,525 
      stockholders’ equity:
    		                          
      debt, current
    		               66,000 64,000 104,000 99,000        
      debt, non-current
    		               177,000 194,000 223,000 302,000        
      preferred stock, 0.0001 par value; 10,000,000 shares authorized, no shares issued and outstanding as of december 31, 2021 and 2020
    		                          
      inventories
    		               7,871,000 4,318,000 3,283,000 3,613,000        
      liabilities, convertible preferred stock and stockholders’ equity
    		                          
      convertible preferred stock:
    		                          
      series a convertible preferred stock, 0.00001 par value; none authorized, issued and outstanding as of december 31, 2020; 102,740,023 shares authorized, 94,818,151 shares issued and outstanding as of december 31, 2019
    		                          
      founders’ preferred stock, 0.00001 par value; none authorized, issued and outstanding as of december 31, 2020; 26,206,837 shares authorized, 26,206,837 shares issued and outstanding as of december 31, 2019
    		                          
      preferred stock, 0.0001 par value; 10,000,000 shares authorized, none issued and outstanding as of december 31, 2020; none authorized, issued and outstanding as of december 31, 2019
    		                          
      total liabilities, convertible preferred stock and stockholders’ equity
    		                  510,351,000        
      prepaid assets
    		                   59,460  155,200 136,399 193,429 250,891 307,889 
      deferred income tax
    		                     2,608 2,353   278,256 
      investments and cash held in trust account
    		                   405,725,195 406,397,612 407,698,614 406,434,959 404,738,939 403,886,144 401,390,729 
      accrued expenses, formation and offering costs
    		                   2,935,896  78,185 53,203 41,362 29,053 628,169 
      state franchise tax accrual
    		                   30,000  50,000 200,000 150,000 100,000 50,000 
      current income tax and interest payable
    		                   133,004  1,353,412     
      deferred underwriting compensation
    		                   14,000,000  14,000,000 14,000,000 14,000,000 14,000,000 14,000,000 
      commitments and contingencies:
    		                          
      preferred stock, 0.0001 par value; 1,000,000 shares authorized, none issued or outstanding
    		                          
      common stock
    		                          
      class f common stock, 0.0001 par value; 20,000,000 shares authorized, 10,000,000 and 10,000,000 shares issued and outstanding at september 30, 2020 and december 31, 2019, respectively
    		                   1,000       
      retained earnings
    		                   2,044,734       
      total
    		                    406,397,612      
      exhibit number
    		                          
      3.1
    		                          
      3.2
    		                          
      4.1
    		                          
      4.2
    		                          
      4.3
    		                          
      4.4
    		                          
      31.1*
    		                          
      31.2*
    		                          
      32.1*
    		                          
      32.2*
    		                          
      exhibit 101
    		                          
      exhibit 104
    		                          
      class a subject to possible redemption, 38,713,476 and 38,713,476 shares at march 31, 2020 and december 31, 2019, respectively
    		                     387,134,760     
      class f common stock, 0.0001 par value; 20,000,000 shares authorized, 10,000,000 and 10,000,000 shares issued and outstanding at march 31, 2020 and december 31, 2019, respectively
    		                     1,000     
      net income
    		                     6,192,071     
      deferred offering costs
    		                          
      notes and advances payable – related party
    		                          
      income tax payable
    		                      1,102,662    
      class a subject to possible redemption, 38,713,476 and -0- shares at december 31, 2019 and december 31, 2018, respectively
    		                      387,134,760    
      class f common stock, 0.0001 par value; 20,000,000 shares authorized, 10,000,000 shares issued and outstanding
    		                      1,000  1,000 1,000 
      additional paid-in-capital
    		                      24,006   4,126,635 
      retained earnings/
    		                      5,423,191    
      current income tax payable
    		                       497,951 27,050  
      deferred income tax payable
    		                       293,594 359,203  
      class a subject to possible redemption, 38,639,955
    		                       386,399,550   
      class f common stock, 0.0001 par value; 20,000,000 shares authorized, 10,000,000 and 10,781,250 shares issued and outstanding at september 30, 2019 and december 31, 2018, respectively
    		                       1,000   
      net income/
    		                       4,239,658 2,732,841 872,205 
      class a subject to possible redemption, 38,489,273
    		                        384,892,730  
      class a subject to possible redemption, 38,303,209
    		                         383,032,090 
    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.