7Baggers
Quarterly
Annual
    Unit: USD2025-09-30 2025-06-30 2025-03-31 2024-12-31 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 
      
    		                         
      cash flows from operating activities:
    		                         
      net income
    		-85,845,000 -22,899,000 -80,691,000 -44,222,000 -125,714,000 -148,401,000 -134,338,000 -141,756,000 -146,774,000 -144,817,000 -117,550,000 -95,239,000 -88,333,000 -73,893,000 -51,340,000 -36,830,000 -75,923,000   -120,922 768,880     
      adjustments to reconcile net income to net cash from operating activities:
    		                         
      depreciation and amortization
    		4,184,000 4,359,000 4,413,000 5,086,000 8,066,000 7,156,000 11,932,000 4,549,000 2,987,000 2,192,000 1,830,000 1,739,000 805,000 1,922,000 908,000 675,000 657,000         
      amortization of operating lease right-of-use assets
    		1,482,000 1,528,000 1,918,000 2,033,000 2,010,000 1,892,000 1,792,000 1,693,000 1,610,000 1,706,000                
      amortization of discount on marketable securities
    		-103,000                         
      loss on marketable securities
    		60,000 -1,185,000 1,275,000 -300,000 2,320,000 -180,000 5,915,000 -1,174,000 3,033,000                 
      impairment of goodwill and other intangible assets
    		   0                      
      impairment of long-lived assets
    		                         
      change in fair value of private warrants
    		  1,000  -821,000  -2,373,000 -26,000 1,054,000                 
      vendor stock in lieu of cash program
    		7,091,000 3,018,000 2,676,000                       
      amortization of debt discount and issuance costs
    		2,020,000 1,962,000 1,886,000  809,000 809,000 809,000 809,000 809,000 809,000 809,000 809,000 809,000             
      inventory write-offs and write-downs
    		1,161,000 1,162,000 2,264,000 -604,000 16,903,000 2,204,000 3,911,000 7,981,000 5,451,000                 
      change in the fair value of derivatives
    		-2,521,000                         
      gain or write-off on sale or disposal of property and equipment
    		0 -52,000 290,000                       
      share-based compensation, including restructuring costs
    		10,469,000 -20,657,000 19,380,000 23,343,000                      
      gain on extinguishment of debt
    		0 -15,281,000 -6,775,000 -1,314,000                      
      impairment of investments
    		                         
      gain from acquisition of em4
    		0   278,000 -1,752,000                     
      benefit from credit loss
    		                         
      gain from sale of investment
    		                         
      change in product warranty and other
    		1,627,000 4,329,000 328,000 -423,000                      
      changes in operating assets and liabilities:
    		                         
      accounts receivable
    		4,140,000 10,013,000 -14,198,000 975,000 -13,846,000 4,778,000 -2,094,000 4,242,000 -9,877,000 -1,313,000 -581,000 -2,719,000 9,757,000 -11,981,000 2,221,000 -301,000 3,828,000         
      inventories
    		783,000 -5,293,000 -1,570,000 3,332,000 -17,586,000 2,298,000 -291,000 -13,380,000 -11,578,000 -3,829,000 -3,834,000 -2,046,000 -768,000 -4,093,000 -4,018,000 -2,198,000 -442,000         
      prepaid expenses and other current assets
    		3,840,000 499,000 11,110,000 -3,003,000 -7,495,000 783,000 -3,000,000 3,926,000 9,932,000 -1,872,000 -2,268,000 883,000 -3,300,000 -7,369,000 -8,502,000 -2,672,000 -5,797,000         
      other non-current assets
    		201,000 16,912,000 866,000 15,830,000 -1,071,000 3,635,000 1,829,000 -1,131,000 -4,156,000 -1,918,000 -839,000 -690,000 158,000 82,000 1,402,000 -172,000 -1,318,000         
      accounts payable
    		-8,066,000 1,731,000 7,623,000 -9,966,000 6,128,000 -361,000 257,000 -7,430,000 11,191,000 -3,078,000 987,000 1,409,000 5,983,000 508,000 2,476,000 -912,000 1,766,000         
      accrued and other current liabilities
    		2,348,000 -10,885,000 3,816,000 -16,802,000 7,445,000 -5,221,000 3,452,000 -724,000 11,651,000 12,052,000 4,610,000 -94,000 1,200,000 -2,332,000 3,258,000 3,465,000 -813,000         
      other non-current liabilities
    		-1,359,000 -13,505,000 -2,066,000 -9,976,000 -2,570,000 -1,101,000 -588,000 -7,143,000 -1,488,000 1,536,000 -2,640,000 -588,000 -343,000 -1,922,000 -2,436,000 -939,000 -720,000         
      net cash from operating activities
    		-47,978,000 -53,725,000 -44,229,000 -61,938,000 -81,229,000 -52,778,000 -56,543,000 -73,309,000 -64,674,000 -74,673,000 -48,361,000 -52,361,000 -32,837,000 -54,165,000 -36,073,000 -30,169,000 -28,014,000    875,556     
      capex
    		-797,000 211,000 951,000 -846,000 -985,000 -2,154,000 -7,543,000 -7,690,000 -3,702,000 -2,130,000 -4,753,000 -1,807,000 -3,054,000 -2,278,000 -1,124,000 -2,103,000 -385,000    0     
      free cash flows
    		-48,775,000 -53,514,000 -43,278,000 -62,784,000 -82,214,000 -54,932,000 -64,086,000 -80,999,000 -68,376,000 -76,803,000 -53,114,000 -54,168,000 -35,891,000 -56,443,000 -37,197,000 -32,272,000 -28,399,000    875,556     
      cash flows from investing activities:
    		                         
      purchases of marketable securities
    		74,000 -19,607,000 -34,547,000 -38,004,000 -48,827,000 -32,329,000 -98,046,000 -89,495,000 -81,623,000 -40,692,000 -93,466,000 -76,753,000 -193,687,000 -186,754,000 -153,890,000 -150,044,000 -226,245,000         
      proceeds from maturities of marketable securities
    		38,220,000 40,536,000 40,224,000 23,095,000 88,990,000 129,450,000 113,065,000 129,426,000 148,345,000 113,299,000 107,015,000 55,599,000 91,454,000 59,950,000 137,288,000 100,344,000 69,275,000         
      proceeds from sales/redemptions of marketable securities
    		1,704,000 102,000 14,388,000 -316,000 274,000 787,000 12,417,000 18,987,000 20,165,000                 
      issuance of promissory notes
    		                         
      proceeds from sales of equity investment
    		                         
      purchases of property and equipment
    		-540,000 -111,000 -115,000 -846,000 -1,284,000 -786,000 -4,298,000 -5,151,000 -11,680,000 -4,337,000 -3,786,000 -2,487,000 -5,004,000 -2,278,000 -1,445,000 -1,821,000 -889,000         
      acquisition of em4
    		0 0 242,000 300,000 -4,727,000                     
      proceeds from disposal of property and equipment
    		0 52,000 253,000                       
      net cash from investing activities
    		40,266,000 20,972,000 20,445,000 -15,636,000 34,426,000 97,122,000 23,138,000 53,767,000 62,599,000 87,066,000 27,916,000 7,399,000 -94,395,000 -50,612,000 28,867,000 -44,089,000 -128,354,000    -1,263,655     
      cash flows from financing activities:
    		                         
      net proceeds from issuance of class a common stock under the equity financing program
    		14,692,000 21,067,000 394,000 47,553,000 17,230,000 11,479,000 9,107,000 6,939,000 22,665,000                 
      proceeds from sale of class a common stock under espp
    		0   353,000  1,235,000 0                   
      proceeds from exercise of stock options
    		   1,000 371,000 501,000 990,000 534,000 1,036,000 1,095,000 1,100,000 699,000 1,092,000 1,121,000 1,926,000 2,491,000 321,000         
      payments of employee taxes related to stock-based awards
    		-794,000 -86,000 -110,000 -1,757,000 -126,000 -1,565,000 0 0 -572,000 -957,000 -1,049,000               
      proceeds from issuance of senior notes, net of senior notes and 2030 convertible notes issuance costs
    		   0                      
      repurchase of 2026 convertible senior notes
    		0                         
      proceeds from issuance of series a preferred stock, net of issuance costs, discount and commitment fees
    		0                         
      net cash from financing activities
    		13,898,000 22,437,000 284,000 46,150,000 17,475,000 18,092,000 20,097,000 18,879,000 23,129,000 1,409,000 51,000 -37,467,000 -43,344,000 305,431,000 1,840,000 2,217,000 154,104,000         
      net decrease in cash, cash equivalents and restricted cash
    		6,186,000          -20,394,000 -82,429,000 -170,576,000             
      beginning cash, cash equivalents and restricted cash
    		0 0 84,722,000 0 140,624,000 0 0 0 71,105,000 0 0 0 330,702,000 0 0           
      ending cash, cash equivalents and restricted cash
    		6,186,000 -10,316,000 61,222,000  111,296,000 62,436,000 -13,308,000 -663,000 92,159,000 13,802,000 -20,394,000 -82,429,000 160,126,000 200,654,000 -5,366,000           
      supplemental disclosures of cash flow information:
    		                         
      cash paid for interest
    		8,947,000 10,634,000 9,898,000   3,907,000 0   3,906,000 0    16,000 18,000 19,000         
      supplemental disclosures of noncash investing and financing activities:
    		                         
      conversion of 2030 convertible notes to class a common stock
    		0 0 1,127,000                       
      conversion of 2026 convertible senior notes to class a common stock
    		0 4,286,000 11,819,000                       
      conversion of series a preferred stock to class a common stock
    		24,523,000                         
      deemed dividend on series a preferred stock
    		-3,682,000                         
      recognition/(derecognition) of operating lease right-of-use asset and liability
    		0                         
      purchases of property and equipment recorded in accounts payable and accrued liabilities
    		-257,000 322,000 1,066,000  299,000 -1,368,000 -3,245,000 -2,539,000 7,978,000 2,207,000 -967,000 680,000 1,950,000  321,000 -282,000 504,000         
      amortization of premium (discount) on marketable securities
    		  -494,000  -870,000 -1,977,000 -2,341,000 -868,000 -743,000        262,000         
      change in the fair value of the derivatives
    		  3,671,000                       
      income from acquisition of em4
    		  48,000                       
      net increase in cash, cash equivalents and restricted cash
    		  -23,500,000 -31,424,000 -29,328,000 62,436,000 -13,308,000 -663,000 21,054,000     200,654,000            
      recognition/derecognition of operating lease right-of-use asset and liability
    		                         
      losses and impairments on non-marketable securities and certain other assets
    		   0                      
      change in fair value of warrants
    		         -2,577,000 1,231,000 -11,733,000 3,857,000  -17,072,000 -6,928,000 46,649,000         
      deferred taxes
    		             2,000            
      acquisition of freedom photonics llc
    		         0                
      acquisition of certain assets from solfice research, inc.
    		         0                
      acquisition of seagate’s lidar business
    		     0 0 0 -12,608,000                 
      advances for capital projects and equipment
    		         -441,000 -336,000               
      proceeds from issuance of class a common stock to a wholly owned subsidiary of tpk
    		      10,000,000                   
      proceeds from a financing transaction
    		                         
      repurchases of common stock and redemption of warrants
    		                         
      amortization of premium/discount on marketable securities
    		                         
      vendor stock-in-lieu of cash program
    		    4,034,000 19,342,000 10,373,000 15,430,000 5,684,000 8,972,000 12,571,000 12,068,000 7,848,000             
      changes in fair value of derivative liability
    		                         
      amortization of debt premium/discount and issuance costs
    		                         
      conversion of 2030 convertible notes to equity
    		                         
      vendor stock-in-lieu of cash program—advances for capital projects and equipment
    		     1,140,000 3,166,000 1,725,000 2,520,000 7,378,000 10,731,000               
      investment in plus
    		                         
      share-based compensation
    		    44,465,000 47,101,000 44,882,000 59,195,000 55,954,000 44,531,000 52,551,000 38,625,000 26,698,000 27,797,000 33,520,000 14,530,000 1,837,000         
      product warranty and other
    		    -1,684,000  1,189,000 2,498,000 586,000  -794,000 64,000 107,000             
      operating lease right-of-use assets obtained in exchange for lease obligations
    		    3,842,000 25,112,000 387,000 1,737,000 1,211,000 0 6,756,000 4,247,000 5,746,000  0 0 2,876,000         
      write-off or loss on sale or disposal of property and equipment
    		                         
      impairment of goodwill and intangible assets
    		                         
      expense related to volvo warrants
    		                         
      product warranty
    		                         
      other
    		             -578,000 371,000 -63,000 575,000         
      cash received from acquisition of optogration, inc.
    		             0            
      disposal of property and equipment
    		                         
      proceeds from issuance of class a common stock to a tpk group company
    		                         
      proceeds from issuance of convertible senior notes, net of debt discounts of 15,625
    		                         
      purchases of capped call options
    		                         
      repayment of debt
    		             47,000 -16,000 -68,000 -75,000         
      principal payments on finance leases
    		               -76,000 -67,000         
      proceeds from exercise of warrants
    		             0 0 0 153,927,000         
      other financing activities
    		             215,000            
      issuance of class a common stock upon exercise of warrants
    		         0 0 314,000 18,689,000  0 0 338,293,000         
      issuance of class a common stock for investment in plus
    		                         
      issuance of class a common stock for investment in robotic research opco, llc
    		                         
      issuance of class a common stock to acquire optogration, inc.
    		                         
      operating lease right-of-use assets obtained in exchange for lease obligations upon adoption of asc 842
    		              0 0 10,849,000         
      amounts payable for shares repurchased
    		                         
      investment in ecarx holdings, inc.
    		                         
      loss on investment in non-marketable securities
    		                         
      acquisition of certain assets from solfice
    		                         
      repurchase of common stock
    		                         
      amortization of premium on marketable securities
    		         177,000 192,000 475,000 444,000             
      loss on sale or disposal of property and equipment
    		                         
      loss on extinguishment of debt
    		                         
      impairment of investments and certain other assets
    		                         
      warranty related to sensors
    		             299,000            
      proceeds from refundable security deposits
    		                         
      cash received from gores on recapitalization
    		                         
      transaction costs related to merger with gores
    		                         
      proceeds from issuance of series x convertible preferred stock
    		                         
      issuance cost paid for series x convertible preferred stock
    		                         
      proceeds from the issuance of debt
    		                         
      debt prepayment charges
    		                         
      debt issuance costs
    		                         
      conversion of series a, series x and founders’ convertible preferred stock into class a and class b common stock
    		                         
      assets acquired under finance leases
    		                         
      impairment of inventories
    		          3,972,000 3,422,000 1,356,000 1,317,000 148,000 1,196,000 257,000         
      proceeds from sales of marketable securities
    		          18,489,000 37,473,000 12,842,000  46,556,000 7,432,000 29,505,000         
      repurchase of common stock and redemption of warrants
    		          0 -36,958,000 -43,920,000   0 -2,000         
      noncash lease expense related to operating lease right-of-use assets
    		           1,254,000 885,000             
      acquisition of freedom photonics
    		                         
      acquisition of solfice assets
    		                         
      receivable from stock option exercises
    		                         
      payments of employee taxes related to vested restricted stock units
    		            -516,000             
      deferred financing costs recorded in accrued liabilities
    		                223,000         
      noncash lease expense relating to operating lease right-of-use assets
    		                         
      change in fair value of warrants and safe liabilities
    		                         
      settlement of safe notes
    		                         
      proceeds from issuance of series a convertible preferred stock
    		                         
      proceeds from issuance of safe notes
    		                         
      proceeds from issuance of restricted common stock
    		                         
      share-based compensation—vendor payments
    		                         
      merger related expense recorded in accounts payable and accrued liabilities
    		                         
      issuance cost for series x preferred stock recorded in accounts payable
    		                         
      noncash lease expense related to operating right-of-use assets
    		               858,000 890,000         
      unrealized loss on marketable securities
    		               -218,000 278,000         
      cash received from gores on settlement of recapitalization of escrow
    		                         
      net decrease in cash and cash equivalents, and restricted cash and cash equivalents
    		                -2,264,000         
      beginning cash and cash equivalents, and restricted cash and cash equivalents
    		                209,719,000         
      ending cash and cash equivalents, and restricted cash and cash equivalents
    		                207,455,000         
      loss on disposal of property and equipment
    		                         
      principal payments on capital leases
    		                         
      net increase in cash and cash equivalents, and restricted cash and cash equivalents
    		                         
      conversion of bridge note into series a convertible preferred stock
    		                         
      conversion of safe notes into common stock
    		                         
      conversion of safe notes into series a convertible preferred stock
    		                         
      assets acquired on capital leases
    		                         
      net income/
    		                         
      changes in state franchise tax accrual
    		                  10,000 -30,000 -150,000     
      changes in prepaid assets and deferred costs
    		                  48,040 47,700 -18,801     
      changes in deferred offering costs
    		                         
      changes in accrued expenses, formation and offering costs
    		                  2,850,008 7,703 24,982     
      changes in current income tax and interest payable
    		                  -61,650       
      changes in deferred income tax
    		                  15,079 -12,471 -255     
      net cash provided by/(used in) operating activities
    		                  -1,164,938       
      cash deposited in trust account
    		                         
      interest reinvested in trust account
    		                  672,417 1,301,002 -1,263,655     
      net cash provided by/(used in) investing activities
    		                  672,417       
      proceeds from sale of units in initial public offering
    		                         
      proceeds from sale of private placement warrants to sponsor
    		                         
      repayment of notes and advances payable – related party
    		                         
      payment of underwriters’ discounts and commissions
    		                         
      payment of accrued offering costs
    		                         
      increase/(decrease) in cash
    		                  -492,521       
      cash at beginning of period
    		                  0 0 1,365,240     
      cash at end of period
    		                  -492,521 34,254 977,141     
      supplemental disclosure of cash and non-cash financing activities:
    		                         
      deferred underwriting compensation
    		                         
      cash paid for income and state franchise taxes
    		                  40,000 1,219,086 200,050     
      basic and diluted net income/(loss) per share:
    		                         
      numerator:
    		                         
      allocation of net income/
    		                  -3,130,332 -953,358 867,835  -360,272 942,603 1,044,989 
      denominator:
    		                         
      weighted-average shares outstanding
    		                  0 0 40,000,000  0 1,555,599,999,340,312 2,444,400,010,659,688 
      basic and diluted net income/(loss) per share
    		                  -0.08 -0.02 0.02  -0.01 0.01 0.04 
      accrued expenses, formation, and offering costs
    		                         
      changes in current income tax and interest
    		                    250,750     
      increase in cash
    		                    -388,099     
      changes in prepaid assets
    		                         
      changes in current income tax
    		                         
      proceeds from notes and advances payable - related party
    		                         
      proceeds from sale of class f common stock to sponsor
    		                         
      payment of underwriter's discounts and commissions
    		                         
      supplemental disclosure of non-cash financing activities:
    		                         
      1.
    		                         
    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.