| Metric | FY2025 | FY2024 |
|---|---|---|
| Cash and cash equivalents | $737.9M+834.7% | $78.9M |
| Accounts receivable, net | $519K+1822.2% | $27K |
| Inventory | $352K+1855.6% | $18K |
| Short Term Investments | $379.4M | — |
| Accrued interest receivable | $3.6M | — |
| Prepaid expenses and other current assets | $11.9M+7300.0% | $161K |
| Total current assets | $1.13B+1332.4% | $79.2M |
| Property and equipment, net | $13.0M+58.0% | $8.2M |
| Operating lease right-of-use assets | $2.4M+54.6% | $1.5M |
| Intangible assets, net | $6.5M-27.6% | $9.0M |
| Goodwill | $55.6M+0.0% | $55.6M |
| Long-term investments | $403.1M | — |
| Accrued interest receivable - long term | $4.6M | — |
| Other non-current assets | $131K+1.6% | $129K |
| Total assets | $1.62B+954.3% | $153.6M |
| Accounts payable | $778K-43.3% | $1.4M |
| Accrued expenses | $9.1M+328.1% | $2.1M |
| Deferred revenue | $395K+400.0% | $79K |
| Other current liabilities | $766K-21.4% | $974K |
| Total current liabilities | $11.1M+142.9% | $4.6M |
| Derivative liability | $7.8M-80.8% | $40.5M |
| Operating lease liabilities | $1.8M+53.1% | $1.2M |
| Total liabilities | $20.7M-55.4% | $46.3M |
| Common stock, $0.0001 par value, 250,000 thousand shares authorized; 224,165 and 129,012 shares issued and outstanding as of December 31, 2025 and 2024, respectively | $22K+69.2% | $13K |
| Additional paid-in capital | $1.82B+490.2% | $307.8M |
| Accumulated deficit | -$219.2M-9.3% | -$200.5M |
| Accumulated other comprehensive income | $905K | — |
| Total stockholders’ equity | $1.60B+1389.7% | $107.3M |
| Total liabilities and mezzanine and stockholders’ equity | $1.62B+954.3% | $153.6M |
Source: SEC EDGAR XBRL. % change vs prior period shown where available.
Source: SEC EDGAR 10-K and 10-Q filings. Up to 10 years annual / 16 quarters shown.