7Baggers
Quarterly
Annual
    Unit: USD2025-09-30 2025-06-30 2025-03-31 2024-12-31 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 
      
    		                
      revenue
    		336,580,000 259,432,000 235,048,000  200,581,000 172,740,000 157,151,000 137,814,000 150,874,000 149,432,000 257,713,000 195,457,000 97,336,000 57,675,000 26,392,000 232,000 
      yoy
    		67.80% 50.19% 49.57%  32.95% 15.60% -39.02% -29.49% 55.00% 159.09% 876.48% 84148.71%     
      qoq
    		29.74% 10.37%   16.12% 9.92% 14.03% -8.66% 0.96% -42.02% 31.85% 100.81% 68.77% 118.53% 11275.86%  
      costs and expenses
    		                
      cost of revenue
    		670,197,000 531,783,000 463,560,000  470,355,000 404,796,000 410,015,000 469,722,000 555,805,000 500,524,000 615,291,000 492,483,000 292,342,000 245,970,000 151,473,000 3,320,000 
      research and development
    		325,305,000 273,839,000 251,246,000  287,170,000 284,627,000 242,977,000 230,758,000 233,474,000 229,803,000 221,294,000 213,761,000 200,381,000 186,076,000 163,606,000 242,408,000 
      selling, general and administrative
    		283,097,000 256,857,000 212,175,000  210,245,000 213,232,000 241,026,000 189,691,000 197,748,000 168,770,000 170,867,000 176,736,000 163,812,000 223,159,000 196,997,000 251,554,000 
      restructuring charges
    		    20,228,000   518,000 1,532,000 22,496,000       
      total cost and expenses
    		1,278,599,000 1,062,479,000 926,981,000  987,998,000 902,655,000 894,018,000 890,689,000 988,559,000 921,593,000 1,007,452,000 882,980,000 656,535,000 655,205,000   
      income from operations
    		-942,019,000 -803,047,000 -691,933,000  -787,417,000 -729,915,000 -736,867,000 -752,875,000 -837,685,000 -772,161,000 -749,739,000 -687,523,000 -559,199,000 -597,530,000 -485,684,000 -497,050,000 
      yoy
    		19.63% 10.02% -6.10%  -6.00% -5.47% -1.72% 9.51% 49.80% 29.23% 54.37% 38.32%     
      qoq
    		17.31% 16.06%   7.88% -0.94% -2.13% -10.12% 8.49% 2.99% 9.05% 22.95% -6.41% 23.03% -2.29%  
      operating margin %
    		-279.88% -309.54% -294.38%  -392.57% -422.55% -468.89% -546.30% -555.22% -516.73% -290.92% -351.75% -574.50% -1036.03% -1840.27% -214245.69% 
      other income
    		-10,829,000 3,572,000 2,965,000  -5,067,000 -1,007,000 934,000 -763,000 -928,000 667,000 -366,000 665,000 11,188,000 942,000 -742,000 249,000 
      change in fair value of common stock warrant liability
    		444,000 5,322,000 12,861,000  7,539,000 27,054,000 25,279,000 60,316,000 42,133,000 -40,802,000 255,899,000 140,146,000 334,843,000 523,330,000 -557,973,000 -24,787,000 
      change in fair value of equity securities of a related party
    		916,000 3,948,000 -13,453,000  -9,390,000 -19,933,000           
      change in fair value of derivative liabilities associated with redeemable convertible preferred stock
    		-36,375,000 111,475,000 281,700,000              
      gain on extinguishment of debt
    		 116,360,000               
      interest income
    		34,643,000 44,318,000 52,209,000  54,553,000 50,631,000 58,680,000 66,064,000 39,525,000 40,005,000 29,472,000 24,373,000     
      interest expense
    		-25,571,000 -23,749,000 -11,883,000  -6,673,000 -7,501,000 -7,777,000 -3,340,000 -6,690,000 -7,108,000 -8,075,000 -7,613,000 -7,189,000 -7,705,000 -1,263,000 -76,000 
      total other income
    		-36,772,000 261,246,000 324,399,000  143,962,000 49,244,000 83,115,000 122,277,000 74,040,000 -7,238,000 276,930,000 157,571,000 338,842,000 516,567,000 -559,978,000 -27,331,000 
      income before benefit from income taxes
    		-978,791,000 -541,801,000 -367,534,000  -643,455,000 -680,671,000 -653,752,000 -630,598,000 -763,645,000 -779,399,000 -472,809,000 -529,952,000 -220,357,000 -80,963,000 -1,045,662,000 -524,381,000 
      benefit from income taxes
    		-363,000 -2,369,000 -1,363,000  -65,000 188,000 14,000 296,000 587,000 129,000 -161,000 149,000 68,000 323,000 18,000 22,000 
      net income
    		-978,428,000 -539,432,000 -366,171,000  -643,390,000 -680,859,000 -653,766,000 -630,894,000 -764,232,000 -779,528,000 -472,648,000 -530,101,000 -220,425,000    
      yoy
    		52.07% -20.77% -43.99%  -15.81% -12.66% 38.32% 19.01% 246.71%        
      qoq
    		81.38% 47.32%   -5.50% 4.14% 3.63% -17.45% -1.96% 64.93% -10.84% 140.49%     
      net income margin %
    		-290.70% -207.93% -155.79%  -320.76% -394.15% -416.01% -457.79% -506.54% -521.66% -183.40% -271.21% -226.46% 0% 0% 0% 
      accretion of redeemable convertible preferred stock
    		-56,121,000 -199,823,000 -364,925,000   -3,901,000           
      net income attributable to common stockholders, basic
    		-1,034,549,000 -739,255,000     -653,766,000 -630,894,000 -764,232,000 -779,528,000 -472,648,000 -530,101,000 -220,425,000    
      interest expense on 2026 notes
    		 309,000               
      net income attributable to common stockholders, diluted
    		-1,034,549,000 -855,306,000     -653,766,000 -630,894,000 -764,232,000 -779,528,000 -728,547,000 -670,247,000 -555,268,000    
      weighted-average shares outstanding attributable to common stockholders
    		                
      basic
    		312,166,297,000 3,056,404,834,000  2,445,176,539,000   2,081,772,622,000 2,284,446,783,000 1,912,459,833,000 1,831,725,009,000       
      diluted
    		312,166,297,000 3,057,882,724,000  2,445,176,539,000   2,081,772,622,000 2,284,446,783,000 1,912,459,833,000 1,831,725,009,000       
      net income per share
    		  -0.24  -0.34 -0.3     -0.28 -0.32 -0.13 -0.05 2.15 -0.43 
      basic
    		-3.31 -0.24     -0.28 -0.28 -0.4 -0.43       
      diluted
    		-3.31 -0.28     -0.28 -0.28 -0.4 -0.43       
      other comprehensive income
    		                
      net unrealized gains on investments, net of tax
    		684 293 3,552  -957 -3,262 10,079 1,554 -2,999 4,035       
      foreign currency translation adjustments
    		-2,187 8,973 3,897  -802 -3,988 5,134 -1,967 586        
      total other comprehensive income
    		-1,503 9,266 7,449  -1,759 -7,250 15,213 -413 -2,413        
      comprehensive loss
    		-979,931 -530,166 -358,722  -645,149 -688,109     -470,954 -542,676 -221,116    
      comprehensive loss attributable to common stockholders
    		-1,036,052 -729,989 -723,647  -792,010 -692,010 -638,553 -631,307 -766,645 -775,493 -470,954 -542,676 -221,116    
      net income attributable to common stockholders, basic and diluted
    		  -731,096,000  -790,251,000 -684,760,000           
      weighted-average shares outstanding attributable to common stockholders, basic and diluted
    		  3,036,317,307,000  2,310,360,525,000 2,301,870,644,000           
      net income per share
    		  -0.24  -0.34 -0.3     -0.28 -0.32 -0.13 -0.05 2.15 -0.43 
      change in fair value of derivative liability associated with series a redeemable convertible preferred stock
    		    103,000,000            
      accretion of series a redeemable convertible preferred stock
    		    -146,861,000            
      change in fair value of dilutive warrants
    		          -255,899,000 -140,146,000 -334,843,000    
      change in fair value of forward contracts
    		                
      change in fair value of convertible preferred stock warrant liability
    		                
      transaction costs expensed
    		               -2,717,000 
      deemed dividend related to the issuance of series e convertible preferred stock
    		                
      weighted-average shares outstanding used in computing net income per share attributable to common stockholders, basic
    		          1,678,346,079 1,676,048,504 1,669,303,813    
      weighted-average shares outstanding used in computing net income per share attributable to common stockholders, diluted
    		          1,693,258,608 1,690,963,548 1,686,815,404    
      other comprehensive loss
    		                
      net unrealized losses on investments, net of tax
    		          1,694 -12,575 -691    
      other income, net:
    		                
      net income and comprehensive loss
    		             -81,286,000 -1,045,680,000 -524,403,000 
      net income attributable to common stockholders
    		             -81,286,000 -1,045,680,000 -524,403,000 
      weighted-average shares outstanding used in computing net income per share attributable to common stockholders, basic and diluted
    		             1,654,322,379 740,393,759 1,217,032,285 
      gross profit
    		              -676,250 -3,088,000 
      yoy
    		                
      qoq
    		              -78.10%  
      gross margin %
    		0% 0% 0%  0% 0% 0% 0% 0% 0% 0% 0% 0% 0% -2.56% -1331.03% 
      operating expenses
    		                
      total operating expenses
    		              260,514,250 493,962,000 
    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.