CYTOKINETICS INC (CYTK)
Cytokinetics, Incorporated, a biopharmaceutical company, focuses on discovering, developing, and commercializing novel muscle activators and muscle inhibitors as potential treatments for debilitating diseases in the United States. The company markets MYQORZO, a novel, oral, and small molecule cardiac myosin inhibitor for the treatment of symptomatic oHCM. It also develops Aficamten, a novel, oral, and small molecule cardiac myosin inhibitor for the treatment of HCM; and omecamtiv mecarbil, a potential treatment across the continuum of care in heart failure with severely reduced ejection fraction. In addition, the company is involved in developing and Ulacamten, a novel, selective, oral, and small molecule cardiac myosin inhibitor designed to reduce the hypercontractility associated with heart failure with preserved ejection fraction in Phase 1 clinical trials; and CK-089, a fast skeletal muscle troponin activator in Phase 1 clinical trials. Cytokinetics, Incorporated was incorporated in 1997 and is headquartered in South San Francisco, California.
Sector: Pharmaceutical Preparations
Industry: Biotechnology
Cytokinetics, Incorporated
NASDAQ:CYTKHealthcare · Biotechnology
-0.51%$62.99
AH$63.15+0.25%vs close
Mkt Cap$8.76B
Float121.07M
O/S139.02M
Vol
$ Vol
RVOL
Inst Own-
SI15.4%
Earnings
Dilution
Financials Summary
Revenue$88.04M
Net Income-$784.96M
Total Assets$1.42B
Free Cash Flow-$534.82M
Debt & Equity
Debt 206%
Total Debt$1.28B
Total Equity-$659.63M
Shares Outstanding
Short Interest
Split History1 split · 1 reverse
- 1:6Reverse splitJun 25, 20136 shares → 1
Balance Sheet Details
Assets$1.42B
Liabilities$2.08B
Accounts Receivable$17.76M
Accounts Payable$22.34M
Inventory$0
PP&E (Net)$155.17M
Goodwill$0
Intangible Assets$0
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 | FY 2011 | FY 2010 | FY 2009 | FY 2008 | FY 2007 | FY 2006 | FY 2005 | FY 2004 | FY 2003 | FY 2002 | FY 2001 | FY 2000 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 | 2012-12-31 | 2011-12-31 | 2010-12-31 | 2009-12-31 | 2008-12-31 | 2007-12-31 | 2006-12-31 | 2005-12-31 | 2004-12-31 | 2003-12-31 | 2002-12-31 | 2001-12-31 | 2000-12-31 |
| Revenue | $88.04M | $18.47M | $7.53M | $94.59M | $70.43M | $55.83M | $26.87M | $31.5M | $13.37M | $106.41M | $28.66M | $46.94M | $30.65M | $7.56M | $4M | $2.58M | $81.54M | $12.42M | $13.62M | $3.13M | $8.91M | $13.44M | $10.58M | $11.4M | $8.47M | $0 |
| YoY Growth | 376.6% | 145.3% | -92.0% | 34.3% | 26.2% | 107.8% | -14.7% | 135.6% | -87.4% | 271.3% | -38.9% | 53.2% | 305.5% | 89.0% | 55.2% | -96.8% | 556.5% | -8.8% | 335.6% | -64.9% | -33.7% | 27.1% | -7.2% | 34.6% | - | - |
| Cost of Revenue | $10.13M | $339.41M | $330.12M | $240.81M | $159.94M | $96.95M | $86.13M | $89.14M | $90.3M | $64.4M | $46.4M | $44.43M | $49.45M | $35.64M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Gross Profit | $77.91M | -$320.93M | -$322.59M | -$146.22M | -$89.51M | -$41.12M | -$59.26M | -$57.63M | -$76.93M | $42.01M | -$17.74M | $2.51M | -$18.8M | -$28.08M | $4M | $2.58M | $81.54M | $12.42M | $13.62M | $3.13M | $8.91M | $13.44M | $10.58M | $11.4M | $8.47M | $0 |
| Gross Margin | 88.5% | -1737.2% | -4284.1% | -154.6% | -127.1% | -73.7% | -220.5% | -183.0% | -575.5% | 39.5% | -61.9% | 5.4% | -61.3% | -371.5% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | - |
| Research and Development | $405.9M | $339.41M | $330.12M | $240.81M | $159.94M | $96.95M | $86.13M | $89.14M | $90.3M | $59.9M | $46.4M | $44.43M | $49.45M | $35.64M | $37.18M | $38.01M | $39.84M | $53.95M | $53.39M | $49.23M | $40.57M | $39.88M | $34M | $28.42M | $20.96M | $10.4M |
| Selling, General, and Administrative | $284.27M | $215.31M | $173.61M | $177.98M | $96.8M | $52.82M | $39.61M | $31.28M | $36.47M | $27.82M | $19.67M | $17.27M | $15.09M | $11.72M | $13.59M | $14.2M | $15.63M | $15.08M | $16.72M | $15.24M | $12.97M | $11.99M | $9.16M | $6.95M | $5.9M | $3.39M |
| Other | $0 | -$339.41M | -$330.12M | -$240.81M | -$159.94M | -$96.95M | -$86.13M | -$89.14M | -$90.3M | -$64.4M | -$46.4M | -$44.43M | -$49.45M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Operating Expenses | $690.17M | $215.31M | $173.61M | $177.98M | $96.8M | $52.82M | $39.61M | $31.28M | $36.47M | $23.32M | $19.67M | $17.27M | $15.09M | $12.37M | $50.77M | $52.21M | $55.47M | $69.03M | $70.11M | $64.47M | $53.55M | $51.88M | $43.17M | $35.38M | $26.86M | $13.79M |
| Operating Income (EBIT) | -$612.26M | -$536.25M | -$496.2M | -$324.2M | -$186.31M | -$93.94M | -$98.87M | -$88.92M | -$113.4M | $18.69M | -$37.41M | -$14.75M | -$33.89M | -$39.1M | -$47.96M | -$49.63M | $26.09M | -$59.08M | -$56.49M | -$61.34M | -$44.63M | -$38.43M | -$32.59M | -$23.98M | -$18.39M | -$13.79M |
| Operating Margin | -695.4% | -2902.7% | -6589.7% | -342.8% | -264.5% | -168.3% | -368.0% | -282.3% | -848.3% | 17.6% | -130.5% | -31.4% | -110.6% | -517.3% | -1199.1% | -1926.1% | 32.0% | -475.7% | -414.7% | -1961.6% | -500.8% | -285.9% | -308.1% | -210.4% | -217.2% | - |
| Interest Expense | $103.87M | $86.51M | $57.67M | $51.16M | $29.33M | $38.68M | $27.36M | $21.56M | $17M | $2.23M | $94K | $0 | $0 | $2K | $0 | $163K | $409K | $491K | $699K | $523K | $535K | $549K | $2.49M | $1.33M | $438K | $267K |
| Interest Income | $48.42M | $51.53M | $27.63M | $11.34M | $331K | $5.33M | $4.54M | $4.19M | $2.6M | $0 | $0 | $108K | $177K | $89K | $104K | $335K | $593K | $3.2M | $8.29M | $4.75M | $2.92M | $1.78M | $2.4M | $2.23M | $0 | $0 |
| Other Income (Expense) | -$172.7M | -$53.28M | -$30.04M | -$64.75M | -$29M | -$33.35M | -$22.82M | -$17.37M | -$14.39M | -$2.23M | -$94K | $108K | $177K | $87K | $104K | $172K | -$1.4M | $232K | $7.59M | $4.22M | $2.38M | $1.24M | $0 | $0 | $18.39M | $0 |
| Income Before Tax (EBT) | -$784.96M | -$589.53M | -$526.24M | -$388.95M | -$215.31M | -$127.29M | -$121.69M | -$106.29M | -$127.79M | $16.45M | -$37.5M | -$14.65M | -$33.72M | -$39.02M | -$47.86M | -$49.46M | $24.69M | -$56.37M | -$48.89M | -$57.12M | -$42.25M | -$37.2M | $0 | $0 | $0 | $0 |
| Income Tax Expense | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$209K | -$176K | $150K | -$232K | $0 | $0 | $0 | $0 | $95K | -$901K | $15.87M | $13.08M |
| Net Income | -$784.96M | -$589.53M | -$526.24M | -$388.95M | -$215.31M | -$127.29M | -$121.69M | -$106.29M | -$127.79M | $16.45M | -$37.5M | -$14.65M | -$33.72M | -$41.68M | -$47.86M | -$49.29M | $24.54M | -$56.37M | -$48.89M | -$57.12M | -$42.25M | -$37.2M | -$32.69M | -$23.08M | -$15.87M | -$13.08M |
| Net Income Margin | -891.6% | -3191.1% | -6988.6% | -411.2% | -305.7% | -228.0% | -452.9% | -337.4% | -955.9% | 15.5% | -130.9% | -31.2% | -110.0% | -551.4% | -1196.5% | -1912.6% | 30.1% | -453.9% | -358.9% | -1826.5% | -474.1% | -276.7% | -309.0% | -202.5% | -187.5% | - |
| Supplementary Data | ||||||||||||||||||||||||||
| EPS | -6.54 | -5.26 | -5.45 | -4.33 | -2.80 | -1.97 | -2.59 | -1.95 | -2.59 | 0.41 | -0.97 | -0.41 | -1.24 | -2.15 | -4.06 | -4.61 | 2.58 | -6.85 | -6.16 | -9.36 | -8.87 | -11.28 | -102.62 | -79.49 | -67.08 | -81.30 |
| Diluted EPS | -6.54 | -5.26 | -5.45 | -4.33 | -2.80 | -1.97 | -2.59 | -1.95 | -2.59 | 0.39 | -0.97 | -0.41 | -1.24 | -2.15 | -4.06 | -4.61 | 2.52 | -6.85 | -6.16 | -9.36 | -8.87 | -11.28 | -102.60 | -79.49 | -67.08 | -81.30 |
| Weighted Average OS | 120.02M | 111.98M | 96.52M | 89.83M | 76.89M | 64.52M | 57.58M | 54.42M | 49.40M | 39.94M | 38.66M | 35.71M | 27.27M | 18.11M | 11.80M | 10.69M | 9.57M | 8.23M | 7.93M | 6.10M | 4.76M | 3.30M | 318,500 | 290,333 | 236,643 | 160,874 |
| EBITDA | -$774.83M | -$493.48M | -$456.68M | -$331.99M | -$183.71M | -$86.78M | -$93.04M | -$83.49M | -$108.87M | $14.93M | -$36.66M | -$14.16M | -$33.28M | -$39.78M | -$46.52M | -$47.4M | $27.12M | -$53.43M | -$45.37M | -$53.66M | -$38.68M | -$33.39M | -$29.41M | -$21.13M | -$18.39M | -$13.79M |
| EBITDA Margin | -880.1% | -2671.2% | -6064.9% | -351.0% | -260.8% | -155.4% | -346.3% | -265.0% | -814.4% | 14.0% | -127.9% | -30.2% | -108.6% | -526.2% | -1163.1% | -1839.3% | 33.3% | -430.2% | -333.0% | -1715.9% | -434.0% | -248.4% | -278.0% | -185.4% | -217.2% | - |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 | FY 2011 | FY 2010 | FY 2009 | FY 2008 | FY 2007 | FY 2006 | FY 2005 | FY 2004 | FY 2003 | FY 2002 | FY 2001 | FY 2000 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 | 2012-12-31 | 2011-12-31 | 2010-12-31 | 2009-12-31 | 2008-12-31 | 2007-12-31 | 2006-12-31 | 2005-12-31 | 2004-12-31 | 2003-12-31 | 2002-12-31 | 2001-12-31 | 2000-12-31 |
| Assets | ||||||||||||||||||||||||||
| Current Assets | ||||||||||||||||||||||||||
| Cash and Cash Equivalents | $122.52M | $94.86M | $113.02M | $65.58M | $112.67M | $82.98M | $36.43M | $42.26M | $125.21M | $66.87M | $65.08M | $20.21M | $20.16M | $14.91M | $18.83M | $17.51M | $25.56M | $41.82M | $116.56M | $39.39M | $13.52M | $13.06M | $10.99M | $16.39M | $0 | $0 |
| Short-Term Investments | $759.7M | $981.16M | $501.8M | $717M | $358.97M | $381.07M | $188.68M | $156.47M | $143.69M | $89.38M | $46.37M | $63.01M | $57.57M | $59.09M | $30.19M | $54.13M | $89.17M | $15.05M | $3.17M | $70.16M | $62.7M | $92.64M | $24.2M | $10.43M | $0 | $0 |
| Cash and Short-Term Investments | $882.22M | $1.08B | $614.82M | $782.58M | $471.64M | $464.06M | $225.11M | $198.73M | $268.89M | $156.25M | $111.44M | $83.23M | $77.73M | $74M | $49.02M | $71.64M | $114.73M | $56.87M | $119.74M | $109.54M | $76.21M | $105.7M | $35.19M | $26.81M | $0 | $0 |
| Accounts Receivable | $17.76M | $16.65M | $1.28M | $147K | $51.82M | $4.42M | $5.16M | $6.79M | $1.11M | $24K | $12K | $46.65M | $5K | $4K | $14K | $46K | $189K | $261K | $214K | $42.23M | $727K | $766K | $263K | $16K | $0 | $0 |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$6.79M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Assets | $16.99M | $15.28M | $0 | $12.46M | $0 | $0 | $0 | $0 | $4.29M | $0 | $0 | $0 | $0 | $2.42M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Current Assets | $916.98M | $1.11B | $628.05M | $795.19M | $535.67M | $474.22M | $233.75M | $207.67M | $274.3M | $158.63M | $113.11M | $131.13M | $79.34M | $76.43M | $51.14M | $73.5M | $116.92M | $58.91M | $122.02M | $153.62M | $78.86M | $109.07M | $37.08M | $27.95M | $0 | $0 |
| Long-Term Assets | ||||||||||||||||||||||||||
| Property, Plant & Equipment Net | $155.17M | $140.97M | $147.74M | $163.19M | $146.41M | $16.27M | $13.41M | $3.2M | $3.57M | $3.64M | $1.75M | $1.64M | $1.22M | $997K | $1.31M | $2.32M | $3.71M | $5.09M | $7.73M | $9.2M | $6.18M | $7.34M | $8.87M | $9.74M | $0 | $0 |
| Goodwill | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Intangible Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Investments | $335.05M | $145.06M | $40.53M | $46.71M | $152.05M | $36.95M | $42.65M | $0 | $16.52M | $7.67M | $179K | $0 | $2.5M | $0 | $0 | $1.21M | $1.67M | $20M | $20M | $0 | $0 | $4.55M | $0 | $0 | $0 | $0 |
| Deferred Tax Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | $17.34M | $7.71M | $8M | $9.69M | $7.19M | $6.36M | $0 | $300K | $429K | $200K | $200K | $200K | $127K | $127K | $323K | $967K | $291K | $3.46M | $5.63M | $6.69M | $6.42M | $7.14M | $16.93M | $18.48M | $0 | $0 |
| Total Long-Term Assets | $507.56M | $293.73M | $196.26M | $219.59M | $305.65M | $59.58M | $56.06M | $3.5M | $20.52M | $11.51M | $2.13M | $1.84M | $3.85M | $1.12M | $1.63M | $4.49M | $5.68M | $28.54M | $33.35M | $15.89M | $12.6M | $19.03M | $25.8M | $28.22M | $0 | $0 |
| Other Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $79.02M | $61.04M |
| Total Assets | $1.42B | $1.4B | $824.32M | $1.01B | $841.32M | $533.8M | $289.81M | $211.18M | $294.81M | $170.14M | $115.24M | $132.97M | $83.19M | $77.55M | $52.77M | $77.99M | $122.6M | $87.45M | $155.37M | $169.52M | $91.46M | $128.1M | $62.87M | $56.17M | $79.02M | $61.04M |
| Liabilities | ||||||||||||||||||||||||||
| Current Liabilities | ||||||||||||||||||||||||||
| Accounts Payable | $22.34M | $20.37M | $21.51M | $25.61M | $21.09M | $8.05M | $8.16M | $3.76M | $5.25M | $4.24M | $2.24M | $1.36M | $3.71M | $2.15M | $1.21M | $1.12M | $1.68M | $1.38M | $1.58M | $2.84M | $2.35M | $2.06M | $1.59M | $1.61M | $0 | $0 |
| Short-Term Debt | $41.18M | $11.52M | $10.08M | $958K | $0 | $0 | $0 | $2.61M | $0 | $2.5M | $0 | $0 | $0 | $0 | $152K | $833K | $1.62M | $2.02M | $4.05M | $3.69M | $2.73M | $2.39M | $2.01M | $2.42M | $0 | $0 |
| Current Income Tax Payable | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Unearned Revenue | $1.61M | $52.37M | $0 | $0 | $0 | $0 | $0 | $15.76M | $9.57M | $8.06M | $20.86M | $17.04M | $14.7M | $76K | $0 | $0 | $751K | $12.3M | $12.23M | $12.23M | $1.4M | $2.8M | $2.8M | $3.11M | $0 | $0 |
| Other Current Liabilities | $80.08M | $21.11M | $39.81M | $22.89M | $16.47M | $12.84M | $9.47M | $66K | $11.36M | $415K | $132K | $52K | $22K | $76K | $0 | $0 | $10.2M | $0 | $22K | $163K | $649K | $0 | $0 | $0 | $0 | $0 |
| Total Current Liabilities | $202.45M | $179.67M | $102.68M | $84.62M | $71.86M | $31.2M | $26.02M | $22.19M | $32.44M | $33.26M | $31.65M | $23.86M | $26.7M | $5.75M | $4.59M | $7.32M | $20.18M | $22.88M | $26.45M | $26.39M | $11.26M | $11.04M | $9.46M | $9.38M | $0 | $0 |
| Long-Term Liabilities | ||||||||||||||||||||||||||
| Long-Term Debt | $1.12B | $645.6M | $607.37M | $609.62M | $142.84M | $135.71M | $129.26M | $39.81M | $31.78M | $27.38M | $14.64M | $0 | $0 | $0 | $0 | $152K | $985K | $2.62M | $4.64M | $7.14M | $6.64M | $8.11M | $8.07M | $7.08M | $0 | $0 |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $87M | $87M | $0 | $0 | $15M | $15M | $359K | $16.56M | $1.5M | $0 | $0 | $0 | $0 | $12.2M | $24.37M | $29.67M | $0 | $1.4M | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$359K | $0 | $0 | $0 | $0 | $0 | $0 | -$12.2M | -$24.37M | -$29.67M | $0 | -$1.4M | $0 | $0 | $0 | $0 |
| Other Long-Term Liabilities | $657.76M | $599.19M | $380.16M | $301.55M | $183.53M | $166.07M | $143.28M | $122.47M | $105.75M | $142K | $359K | $491K | $542K | $361K | $3K | $0 | -$985K | -$2.62M | -$4.64M | -$7.14M | $0 | -$8.11M | $137.37M | $100.3M | -$3.52M | -$1.08M |
| Total Long-Term Liabilities | $1.88B | $1.36B | $1.11B | $1.04B | $525.6M | $389.22M | $274.73M | $163.05M | $152.52M | $42.52M | $15M | $17.05M | $2.04M | $361K | $3K | $152K | $985K | $14.81M | $29.01M | $36.81M | $6.64M | $9.51M | $145.45M | $107.38M | $116.37M | $82.86M |
| Other Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $2.08B | $1.54B | $1.21B | $1.12B | $597.46M | $420.42M | $300.75M | $185.24M | $184.97M | $75.78M | $46.65M | $40.9M | $28.75M | $6.11M | $4.59M | $7.48M | $21.17M | $37.69M | $55.45M | $63.2M | $17.9M | $20.55M | $154.9M | $116.76M | $116.37M | $82.86M |
| Stockholders' Equity | ||||||||||||||||||||||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $1.35M | $0 | $0 | $1K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock | $123K | $118K | $102K | $94K | $84K | $70K | $59K | $768.76M | $54K | $41K | $40K | $39K | $31K | $143K | $75K | $67K | $61K | $50K | $49K | $43K | $30K | $28K | $2K | $2K | $0 | $0 |
| Retained Earnings | -$3.49B | -$2.7B | -$2.11B | -$1.59B | -$1.21B | -$992.31M | -$865.02M | -$743.32M | -$646.08M | -$518.29M | -$534.74M | -$497.24M | -$482.6M | -$448.88M | -$408.51M | -$360.65M | -$311.36M | -$335.91M | -$279.53M | -$230.64M | -$173.52M | -$131.27M | -$94.07M | -$61.39M | -$38.31M | -$22.43M |
| Comprehensive Income & Other | $630K | $2.4M | -$10K | -$3.59M | -$869K | $149K | $679K | $500K | $343K | $137K | $149K | -$4K | $7K | $18K | $3K | -$4K | $1K | $18K | -$330K | -$1.17M | -$2.47M | -$4.44M | -$3.6M | -$10K | $0 | $0 |
| Other Stockholders' Equity | $2.83B | $2.57B | $1.73B | $1.48B | $1.45B | $1.11B | $854.02M | $500K | $755.87M | $612.61M | $603.29M | $589.27M | $537.01M | $520.18M | $456.61M | $431.1M | $412.73M | $385.62M | $379.4M | $336.91M | $247.06M | $238.8M | $2.04M | $799K | $957K | $617K |
| Total Equity | -$659.63M | -$135.37M | -$386.32M | -$107.9M | $243.86M | $113.38M | -$10.94M | $25.93M | $109.84M | $94.36M | $68.59M | $92.06M | $54.44M | $71.44M | $48.18M | $70.52M | $101.43M | $49.77M | $99.92M | $106.31M | $73.56M | $107.56M | -$92.03M | -$60.59M | -$37.35M | -$21.82M |
| Minority Interest | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $1.42B | $1.4B | $824.32M | $1.01B | $841.32M | $533.8M | $289.81M | $211.18M | $294.81M | $170.14M | $115.24M | $132.97M | $83.19M | $77.55M | $52.77M | $77.99M | $122.6M | $87.45M | $155.37M | $169.52M | $91.46M | $128.1M | $62.87M | $56.17M | $79.02M | $61.04M |
| Supplementary Data | ||||||||||||||||||||||||||
| Total Debt | $1.28B | $788.68M | $755.77M | $750.3M | $269.93M | $138.94M | $136.07M | $42.41M | $31.78M | $27.38M | $14.64M | $0 | $0 | $0 | $152K | $985K | $985K | $4.64M | $8.69M | $10.84M | $9.36M | $10.49M | $10.08M | $9.49M | $3.52M | $1.08M |
| Net Debt | $1.16B | $693.82M | $642.75M | $684.72M | $157.26M | $55.95M | $99.64M | $157K | -$93.43M | -$39.49M | -$50.44M | -$20.21M | -$20.16M | -$14.91M | -$18.68M | -$16.53M | -$24.58M | -$37.18M | -$107.88M | -$28.55M | -$4.15M | -$2.57M | -$908K | -$6.9M | $3.52M | $1.08M |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 | FY 2011 | FY 2010 | FY 2009 | FY 2008 | FY 2007 | FY 2006 | FY 2005 | FY 2004 | FY 2003 | FY 2002 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 | 2012-12-31 | 2011-12-31 | 2010-12-31 | 2009-12-31 | 2008-12-31 | 2007-12-31 | 2006-12-31 | 2005-12-31 | 2004-12-31 | 2003-12-31 | 2002-12-31 |
| Operating Activities | ||||||||||||||||||||||||
| Net Income | -$784.96M | -$589.53M | -$526.24M | -$388.95M | -$215.31M | -$127.29M | -$121.69M | -$106.29M | -$127.79M | $16.45M | -$37.5M | -$14.65M | -$33.72M | -$40.37M | -$47.86M | -$49.29M | $24.54M | -$56.37M | -$48.89M | -$57.12M | -$42.25M | -$37.2M | -$32.69M | -$23.08M |
| Depreciation & Amortization | $10.13M | $9.53M | $11.89M | $5.81M | $2.28M | $1.83M | $1.29M | $1.24M | $1.92M | $741K | $589K | $490K | $433K | $591K | $1.3M | $1.9M | $2.02M | $2.46M | $2.83M | $2.93M | $3.06M | $3.28M | $3.18M | $2.85M |
| Deferred Income Tax | $0 | $0 | $0 | $0 | $2.84M | -$573K | $0 | $0 | -$67K | -$18K | -$21K | -$3.34M | -$3.68M | -$2K | $47.86M | $49.29M | -$40K | -$5.6M | -$4.63M | -$4.65M | -$1.43M | -$1.88M | $0 | $0 |
| Stock-Based Compensation | $112.29M | $97.84M | $72.06M | $47.85M | $26.83M | $17.62M | $10.76M | $9.76M | $9.03M | $7.15M | $4.57M | $3.33M | $3.6M | $3.78M | $3.07M | $4.02M | $4.91M | $5.61M | $4.64M | $4.64M | $1.43M | $1.88M | $0 | $0 |
| Changes in Working Capital: | ||||||||||||||||||||||||
| Accounts Receivable | -$1.11M | -$15.37M | -$1.14M | $56.67M | -$47.4M | $743K | $1.62M | -$1.12M | -$1.09M | -$12K | $46.63M | -$46.64M | $0 | $10K | $32K | $134K | $41K | -$145K | -$41.52M | -$41.52M | -$544K | $74K | $0 | $0 |
| Inventory | $0 | $0 | $0 | $0 | $0 | $1.48M | $0 | $4.91M | -$1.4M | $8.24M | $2.6M | -$2.59M | $0 | -$67.54M | -$49.04M | -$67.25M | -$1.35M | -$1.37M | $83.24M | $2.35M | -$68.76M | -$100.31M | $0 | -$342K |
| Accounts Payable | $2.66M | -$4.48M | -$3.48M | $4.52M | $1.05M | -$110K | $4.4M | -$1.49M | $1.46M | $1.7M | $755K | -$2.18M | $1.51M | $828K | $162K | -$536K | $334K | -$6K | $852K | $852K | -$191K | $113K | $0 | $0 |
| Other Working Capital | -$37.18M | $55.51M | $7.71M | -$85.9M | $54.8M | $87M | -$9.91M | -$25.23M | $1.51M | $2.2M | -$12.74M | $17.4M | $20.54M | $69.32M | $46.55M | $66.17M | -$23.74M | -$12.11M | -$5.3M | $40.5M | $67.6M | $98.03M | -$2.22M | -$1.56M |
| Total Working Capital Change | -$35.63M | $35.66M | $3.09M | -$24.7M | $8.46M | $89.12M | -$3.89M | -$22.94M | $487K | $12.13M | $37.25M | -$34.01M | $22.05M | $2.62M | -$2.3M | -$1.48M | -$24.71M | -$13.63M | $37.28M | $2.18M | -$1.9M | -$2.09M | -$2.22M | -$1.9M |
| Other Non-Cash Items | $188.16M | $50.6M | $24.86M | $60.48M | $32.38M | $28.24M | $22.62M | $17.01M | $14.66M | $534K | $3K | $3.33M | $3.6M | -$56K | -$47.67M | -$49.28M | $1.7M | $6.22M | $5.77M | $4.84M | $1.6M | $1.98M | $1.21M | -$168K |
| Net Cash from Operating | -$510.01M | -$395.89M | -$414.33M | -$299.52M | -$142.52M | $8.94M | -$90.91M | -$101.22M | -$101.76M | $36.98M | $4.88M | -$44.84M | -$7.72M | -$33.44M | -$45.59M | -$44.83M | $8.42M | -$61.33M | -$3M | -$47.17M | -$39.48M | -$34.03M | -$30.51M | -$22.3M |
| Investing Activities | ||||||||||||||||||||||||
| Capital Expenditures | -$24.81M | -$3.91M | -$1.42M | -$11.34M | -$48.87M | -$11.05M | -$2.62M | -$889K | -$2.88M | -$1.6M | -$562K | -$1.1M | -$542K | -$125K | -$443K | -$493K | -$550K | -$658K | -$2.56M | -$5.37M | -$1.47M | -$1.4M | -$3.05M | -$6.57M |
| Acquisitions | $0 | $0 | $0 | $250.8M | $98.91M | $185.46M | $0 | $14K | $0 | $33K | $1K | $0 | $0 | $2K | $3K | $14K | $74K | $0 | $0 | $6K | $20K | $0 | $0 | $0 |
| Purchases of Investments | -$1.06B | -$1.29B | -$635.21M | -$855.39M | -$525.04M | -$435.82M | -$277.88M | -$240.22M | -$240.41M | -$145.16M | -$115.57M | -$107.04M | -$79.43M | -$92.79M | -$48.02M | -$109.86M | -$132.21M | -$24.46M | -$51.7M | -$143.05M | -$89.33M | -$189.45M | -$54.97M | $0 |
| Sales of Investments | $1.11B | $744.23M | $875.88M | $604.59M | $426.14M | $250.36M | $205.79M | $246.23M | $177.46M | $94.64M | $132.19M | $104.1M | $78.44M | $63.9M | $73.17M | $143.69M | $78.09M | $12.61M | $98.73M | $135.53M | $124M | $124.23M | $36.99M | $36.77M |
| Other Investing Activities | -$5M | $0 | $0 | -$250.8M | -$98.91M | -$185.46M | $0 | $14K | -$62.95M | $33K | $1K | -$2.94M | $13K | $196K | $592K | $886K | $1.11M | $2.55M | $996K | -$799K | $1.27M | $1.11M | $5.91M | -$7.62M |
| Net Cash from Investing | $16.67M | -$553.1M | $239.25M | -$262.13M | -$147.78M | -$196.51M | -$74.71M | $5.13M | -$65.83M | -$52.08M | $16.06M | -$4.05M | -$1.52M | -$28.82M | $25.3M | $34.24M | -$53.48M | -$9.97M | $45.46M | -$13.68M | $34.49M | -$65.51M | -$15.12M | $22.58M |
| Financing Activities | ||||||||||||||||||||||||
| Debt Repaid | -$490.95M | $9.62M | $858K | -$334.66M | - | - | -$135.57M | -$9.9M | -$1.26M | -$15M | -$14.89M | - | - | $152K | $833K | $11.82M | -$8.16M | $4.05M | $2.15M | -$1.47M | $1.13M | -$410K | -$58K | -$4.85M |
| Common Stock Issuance | $35.98M | $706.84M | $164.23M | $17.54M | $312.05M | $225.11M | $36.21M | $3.23M | $119.78M | $1.9M | $8.67M | $48.97M | $7.45M | $43.68M | $10.7M | $425K | $13.77M | $599K | $36.87M | $85.25M | $1.05M | $7.93M | $40.18M | $68K |
| Common Stock Repurchases | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$2K | -$25K | -$20K | $0 | -$2K |
| Dividends Paid | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Financing Activities | -$2.47M | $233.38M | $57.94M | $163.96M | $7.93M | $9.02M | -$11.99M | $3.23M | $104.87M | $1.9M | $352K | -$22K | $7.04M | $2.48M | $2.42M | $13.94M | $6.87M | $0 | $0 | $0 | $5.55M | $94M | $0 | -$50K |
| Net Cash from Financing | $524.46M | $930.61M | $221.32M | $516.17M | $319.98M | $234.12M | $159.79M | $13.13M | $225.92M | $16.89M | $23.91M | $48.95M | $14.49M | $58.33M | $21.61M | $2.55M | $28.81M | -$3.45M | $34.72M | $86.72M | $5.45M | $102.32M | $40.24M | $4.87M |
| Forex Effect | -$715K | $209K | -$20K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Change in Cash | $30.4M | -$18.17M | $46.22M | -$45.48M | $29.68M | $46.55M | -$5.82M | -$82.95M | $58.33M | $1.8M | $44.86M | $57K | $5.25M | -$3.93M | $1.32M | -$8.05M | -$16.26M | -$74.75M | $77.18M | $25.87M | $454K | $2.78M | -$5.4M | $5.14M |
| Supplementary Data | ||||||||||||||||||||||||
| Operating Cash Flow | -$510.01M | -$395.89M | -$414.33M | -$299.52M | -$142.52M | $8.94M | -$90.91M | -$101.22M | -$101.76M | $36.98M | $4.88M | -$44.84M | -$7.72M | -$33.44M | -$45.59M | -$44.83M | $8.42M | -$61.33M | -$3M | -$47.17M | -$39.48M | -$34.03M | -$30.51M | -$22.3M |
| Capital Expenditure | -$24.81M | -$3.91M | -$1.42M | -$11.34M | -$48.87M | -$11.05M | -$2.62M | -$889K | -$2.88M | -$1.6M | -$562K | -$1.1M | -$542K | -$125K | -$443K | -$493K | -$550K | -$658K | -$2.56M | -$5.37M | -$1.47M | -$1.4M | -$3.05M | -$6.57M |
| Free Cash Flow | -$534.82M | -$399.8M | -$415.75M | -$310.85M | -$191.39M | -$2.11M | -$93.53M | -$102.1M | -$104.64M | $35.39M | $4.32M | -$45.95M | -$8.26M | -$33.56M | -$46.04M | -$45.32M | $7.87M | -$61.99M | -$5.57M | -$52.54M | -$40.95M | -$35.43M | -$33.56M | -$28.87M |
| Cash at Beginning | $95.23M | $113.4M | $67.18M | $112.67M | $82.98M | $36.43M | $42.26M | $125.21M | $66.87M | $65.08M | $20.21M | $20.16M | $14.91M | $18.83M | $17.51M | $25.56M | $41.82M | $116.56M | $39.39M | $13.52M | $13.06M | $10.28M | $16.39M | $11.24M |
| Cash at End | $125.63M | $95.23M | $113.4M | $67.18M | $112.67M | $82.98M | $36.43M | $42.26M | $125.21M | $66.87M | $65.08M | $20.21M | $20.16M | $14.91M | $18.83M | $17.51M | $25.56M | $41.82M | $116.56M | $39.39M | $13.52M | $13.06M | $10.99M | $16.39M |