INSMED Inc (INSM)
Insmed Incorporated operates as a biopharmaceutical enterprise focused on creating and introducing medical solutions for individuals facing severe and uncommon health conditions. The company's marketed treatment, ARIKAYCE, is administered to adult patients suffering from Mycobacterium avium complex (MAC) lung disease, serving as a component of a broader antibacterial drug regimen. In its development pipeline, Insmed is advancing Brensocatib, an oral and reversible inhibitor targeting dipeptidyl peptidase 1, which is being investigated for its potential in treating bronchiectasis and other disorders mediated by neutrophils. Additionally, the firm is developing Treprostinil Palmitil Inhalation Powder, an inhaled version of the treprostinil palmitil prodrug, designed to address pulmonary arterial hypertension and various other rare lung ailments. Founded in 1988, Insmed Incorporated maintains its primary corporate offices in Bridgewater, New Jersey.
Sector: Pharmaceutical Preparations
Industry: Biotechnology
Insmed Incorporated
NASDAQ:INSMHealthcare · Biotechnology
+0.89%$112.58
AH$112.01-0.51%vs close
Mkt Cap$24.7B
Float214.32M
O/S219.38M
Vol
$ Vol
RVOL
Inst Own-
SI6.3%
Earnings
Dilution
Financials Summary
Revenue$606.42M
Net Income-$1.28B
Total Assets$2.26B
Free Cash Flow-$967.58M
Debt & Equity
Debt 51%
Equity 49%
Total Debt$768.16M
Total Equity$738.98M
Shares Outstanding
Short Interest
Split History1 split · 1 reverse
- 1:10Reverse splitMar 3, 201110 shares → 1
Balance Sheet Details
Assets$2.26B
Liabilities$1.53B
Accounts Receivable$140.86M
Accounts Payable$79.91M
Inventory$132.07M
PP&E (Net)$139.21M
Goodwill$136.11M
Intangible Assets$97.65M
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 | FY 1999 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | 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 | 1999-12-31 |
| Revenue | $606.42M | $363.71M | $305.21M | $245.36M | $188.46M | $164.41M | $136.47M | $9.84M | $0 | $0 | $0 | $11.5M | $11.5M | $0 | $4.42M | $6.92M | $10.37M | $11.7M | $7.53M | $991K | $131K | $137K | $150K | $1.96M | $296K | $60K | $1K |
| YoY Growth | 66.7% | 19.2% | 24.4% | 30.2% | 14.6% | 20.5% | 1287.6% | - | - | - | - | 0.0% | - | - | -36.2% | -33.3% | -11.3% | 55.4% | 659.7% | 656.5% | -4.4% | -8.7% | -92.3% | 560.5% | 393.3% | 5900.0% | - |
| Cost of Revenue | $124.88M | $85.74M | $65.57M | $55.13M | $44.15M | $39.87M | $24.21M | $2.42M | $2.9M | $2.44M | $1.98M | $33.53M | $0 | $21.37M | $0 | $0 | $0 | $0 | $576K | $1.49M | $0 | $0 | $0 | $0 | $0 | $0 | -$87K |
| Gross Profit | $481.55M | $277.96M | $239.63M | $190.23M | $144.31M | $124.54M | $112.25M | $7.41M | -$2.9M | -$2.44M | -$1.98M | -$22.04M | $0 | -$21.37M | $4.42M | $6.92M | $10.37M | $11.7M | $6.95M | -$499K | $0 | $0 | $0 | $0 | $0 | $0 | $88K |
| Gross Margin | 79.4% | 76.4% | 78.5% | 77.5% | 76.6% | 75.7% | 82.3% | 75.4% | - | - | - | -191.6% | - | - | 100.0% | 100.0% | 100.0% | 100.0% | 92.3% | -50.4% | - | - | - | - | - | - | 8800.0% |
| Research and Development | $771.09M | $598.37M | $571.01M | $397.52M | $272.74M | $181.16M | $131.71M | $145.28M | $109.75M | $122.72M | $74.28M | $56.29M | $44.28M | $29.78M | $28.62M | $4.7M | $9.21M | $21.05M | $18.94M | $21.09M | $21.84M | $23.32M | $7.14M | $18.08M | $35.51M | $21.61M | $5.66M |
| Selling, General, and Administrative | $701.17M | $461.12M | $344.5M | $265.78M | $234.27M | $203.61M | $210.8M | $168.22M | $79.17M | $50.68M | $43.22M | $31.07M | $18.63M | $12.66M | $11.52M | $10.31M | $9.84M | $5.06M | $8.46M | $25.68M | $5.73M | $4.24M | $3.6M | $2.98M | $4.98M | $9.55M | $2.47M |
| Other | $186.02M | $96.73M | $33.75M | -$15.75M | $12.39M | $5M | $4.99M | $1.25M | $300K | $119K | -$33K | $141K | $3.61M | $0 | $25.99M | $0 | $0 | $0 | $0 | $7.1M | $0 | $0 | $0 | $17.92M | $0 | $50.43M | $87K |
| Total Operating Expenses | $1.66B | $1.16B | $949.26M | $647.55M | $519.4M | $389.77M | $347.5M | $314.75M | $188.92M | $173.4M | $117.49M | $87.36M | $66.52M | $42.44M | $66.14M | $15.01M | $19.05M | $26.11M | $27.39M | $53.87M | $27.57M | $27.56M | $10.74M | $38.98M | $40.48M | $81.59M | $8.22M |
| Operating Income (EBIT) | -$1.18B | -$878.25M | -$709.63M | -$457.32M | -$375.09M | -$265.23M | -$235.25M | -$307.34M | -$188.92M | -$173.4M | -$117.49M | -$87.36M | -$55.02M | -$42.44M | -$61.72M | -$8.09M | -$8.67M | -$14.41M | -$20.44M | -$54.37M | -$27.43M | -$27.43M | -$10.59M | -$37.02M | -$40.19M | -$81.53M | -$8.13M |
| Operating Margin | -194.0% | -241.5% | -232.5% | -186.4% | -199.0% | -161.3% | -172.4% | -3124.9% | - | - | - | -759.7% | -478.4% | - | -1397.3% | -116.9% | -83.6% | -123.2% | -271.5% | -5486.7% | -20942.0% | -20018.2% | -7057.3% | -1893.8% | -13576.4% | -135891.7% | -813000.0% |
| Interest Expense | $83.8M | $84.91M | $81.69M | $26.45M | $40.47M | $29.56M | $27.7M | $25.47M | $5.92M | $3.5M | $2.89M | $2.42M | $2.41M | $763K | $10K | $109K | $781K | $1.26M | $682K | $3.7M | $14.25M | $0 | $0 | $0 | $0 | $0 | $0 |
| Interest Income | $60.66M | $53.31M | $42.13M | $11.08M | $174K | $1.7M | $9.92M | $10.34M | $1.62M | $604K | $261K | $58K | $166K | $1.82M | $0 | $0 | $0 | $500K | $1.16M | $1.94M | $752K | $222K | $0 | $607K | $0 | $0 | $0 |
| Other Income (Expense) | -$95.02M | -$31.81M | -$37.39M | -$22.83M | -$61.32M | -$27.46M | -$18.32M | -$16.74M | -$4M | -$2.77M | -$2.66M | -$2.22M | -$2.28M | -$1.14M | $2.06M | $1.74M | $127.5M | -$1.26M | $20.44M | $54.37M | $27.43M | $27.43M | $10.59M | $607K | $3.02M | $1.87M | $8.13M |
| Income Before Tax (EBT) | -$1.27B | -$910.07M | -$747.01M | -$480.15M | -$436.41M | -$292.69M | -$253.56M | -$324.08M | -$192.92M | -$176.18M | -$120.15M | -$89.58M | -$57.29M | -$41.37M | -$59.66M | -$6.36M | $118.83M | -$15.67M | $0 | $0 | $0 | $0 | $0 | -$36.42M | -$37.17M | -$79.66M | $0 |
| Income Tax Expense | $5.03M | $3.71M | $2.56M | $1.38M | -$1.76M | $1.4M | $777K | $201K | -$272K | $98K | -$1.97M | -$10.42M | -$1.22M | $763K | $0 | $78K | $477K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $200K | $0 |
| Net Income | -$1.28B | -$913.77M | -$749.57M | -$481.53M | -$434.65M | -$294.09M | -$254.34M | -$324.28M | -$192.65M | -$176.27M | -$118.18M | -$79.16M | -$56.07M | -$41.37M | -$59.66M | -$6.43M | $118.35M | -$15.67M | -$19.96M | -$56.14M | -$40.93M | -$27.2M | -$10.3M | -$36.42M | -$37.17M | -$79.86M | -$7.79M |
| Net Income Margin | -210.5% | -251.2% | -245.6% | -196.3% | -230.6% | -178.9% | -186.4% | -3297.2% | - | - | - | -688.3% | -487.6% | - | -1350.8% | -93.0% | 1140.9% | -133.9% | -265.1% | -5664.9% | -31243.5% | -19856.2% | -6865.3% | -1862.8% | -12557.1% | -133103.3% | -779268.4% |
| Supplementary Data | |||||||||||||||||||||||||||
| EPS | -6.41 | -5.57 | -5.34 | -3.91 | -3.88 | -3.01 | -3.01 | -4.22 | -2.89 | -2.85 | -2.02 | -1.84 | -1.60 | -1.56 | -2.56 | -0.49 | 9.30 | -1.28 | -1.74 | -5.89 | -8.40 | -6.95 | -2.89 | -11.01 | -11.31 | -43.60 | -24.70 |
| Diluted EPS | -6.41 | -5.57 | -5.34 | -3.91 | -3.88 | -3.01 | -3.01 | -4.22 | -2.89 | -2.85 | -2.02 | -1.84 | -1.60 | -1.56 | -2.56 | -0.49 | 9.30 | -1.28 | -1.74 | -5.89 | -8.40 | -6.95 | -2.89 | -11.01 | -11.31 | -43.60 | -24.70 |
| Weighted Average OS | 213.64M | 164.04M | 140.43M | 123.03M | 112.11M | 97.61M | 84.56M | 76.84M | 66.58M | 61.85M | 58.51M | 43.02M | 34.98M | 26.52M | 23.35M | 13.25M | 12.71M | 12.21M | 11.47M | 9.53M | 4.87M | 3.92M | 3.56M | 3.31M | 3.29M | 1.83M | 315,500 |
| EBITDA | -$1.17B | -$818.79M | -$660.18M | -$447.37M | -$383.65M | -$250.37M | -$217.07M | -$295.18M | -$184.09M | -$170.24M | -$115.28M | -$86.09M | -$54.2M | -$40.05M | -$59.31M | -$6.19M | $120.31M | -$13.37M | -$20.03M | -$51M | -$14.54M | -$27.39M | -$10.49M | -$34.15M | -$38.64M | -$30.31M | -$8.04M |
| EBITDA Margin | -193.2% | -225.1% | -216.3% | -182.3% | -203.6% | -152.3% | -159.1% | -3001.3% | - | - | - | -748.6% | -471.3% | - | -1342.8% | -89.5% | 1159.9% | -114.3% | -266.1% | -5146.7% | -11096.9% | -19993.4% | -6993.3% | -1746.5% | -13055.4% | -50520.0% | -804300.0% |
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 | FY 1999 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | 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 | 1999-12-31 |
| Assets | |||||||||||||||||||||||||||
| Current Assets | |||||||||||||||||||||||||||
| Cash and Cash Equivalents | $510.44M | $555.03M | $482.37M | $1.07B | $716.78M | $532.76M | $487.43M | $495.07M | $381.17M | $162.59M | $282.88M | $159.23M | $113.89M | $90.78M | $14.85M | $10.74M | $12.74M | $2.15M | $16.48M | $24.11M | $18.84M | $9.22M | $29.53M | $27.34M | $51.25M | $71.63M | $317K |
| Short-Term Investments | $919.6M | $878.8M | $298.07M | $74.24M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $2.15M | $61.42M | $97.31M | $109.44M | $252K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $11.46M | $4.32M |
| Cash and Short-Term Investments | $1.43B | $1.43B | $780.45M | $1.15B | $716.78M | $532.76M | $487.43M | $495.07M | $381.17M | $162.59M | $282.88M | $159.23M | $113.89M | $92.94M | $76.27M | $108.05M | $122.18M | $2.4M | $16.48M | $24.11M | $18.84M | $9.22M | $29.53M | $27.34M | $51.25M | $83.08M | $4.64M |
| Accounts Receivable | $140.86M | $52.01M | $41.19M | $29.71M | $24.35M | $16.56M | $19.23M | $5.51M | $0 | $0 | $0 | $0 | $0 | $0 | $757K | $471K | $2.27M | $122K | $250K | $241K | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Inventory | $132.07M | $98.58M | $83.25M | $69.92M | $67.01M | $49.59M | $28.31M | $7.03M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $576K | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Assets | $91.24M | $37.24M | $24.18M | $25.47M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $494K | $368K | $459K | $225K | $615K | $278K | $1.54M | $43K |
| Total Current Assets | $1.79B | $1.62B | $929.06M | $1.27B | $837.04M | $622.89M | $555.19M | $518.95M | $389.44M | $168.41M | $288.12M | $164.71M | $116.16M | $93.58M | $77.4M | $108.8M | $124.61M | $2.59M | $16.97M | $25.42M | $19.2M | $9.68M | $29.75M | $28.15M | $55.05M | $84.62M | $4.68M |
| Long-Term Assets | |||||||||||||||||||||||||||
| Property, Plant & Equipment Net | $139.21M | $115.58M | $104.39M | $102.08M | $95.52M | $97.23M | $113.11M | $22.64M | $12.43M | $10.02M | $8.09M | $7.53M | $1.81M | $1.67M | $1.94M | $1.1M | $0 | $0 | $4K | $8K | $17K | $27K | $61K | $157K | $1.17M | $1.63M | $241K |
| Goodwill | $136.11M | $136.11M | $136.11M | $136.11M | $136.11M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $6.29M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $15.38M | $0 | $0 |
| Intangible Assets | $97.65M | $58.65M | $63.7M | $68.76M | $73.81M | $49.26M | $53.68M | $58.67M | $58.2M | $58.2M | $58.2M | $58.2M | $58.2M | $58.2M | $58.2M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $16.22M | $0 |
| Long-Term Investments | $0 | $0 | $0 | $0 | $50.04M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $2.08M | $2.18M | $2.08M | $0 | $0 | $0 | $0 | $0 | $0 | $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 | $0 |
| Other Long-Term Assets | $97.38M | $93.23M | $96.57M | $76.1M | $50.99M | $26.77M | $20.31M | $4.3M | $1.97M | $1.33M | $2.15M | $416K | $323K | $117K | $212K | $77.9M | $2K | $2.17M | $2.52M | $2.92M | $3.65M | $3.3M | $0 | $0 | $0 | $250K | $376K |
| Total Long-Term Assets | $470.35M | $403.57M | $400.77M | $383.05M | $406.47M | $173.26M | $187.1M | $85.61M | $72.6M | $69.55M | $68.44M | $66.15M | $60.34M | $59.98M | $62.43M | $87.47M | $2.09M | $2.17M | $2.53M | $2.92M | $3.67M | $3.33M | $61K | $157K | $16.56M | $18.1M | $617K |
| 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 | $0 | $0 | $0 |
| Total Assets | $2.26B | $2.03B | $1.33B | $1.66B | $1.24B | $796.15M | $742.3M | $604.56M | $462.05M | $237.96M | $356.56M | $230.86M | $176.5M | $153.56M | $139.83M | $196.26M | $126.69M | $4.76M | $19.5M | $28.35M | $22.87M | $13.01M | $29.81M | $28.31M | $71.61M | $102.72M | $5.3M |
| Liabilities | |||||||||||||||||||||||||||
| Current Liabilities | |||||||||||||||||||||||||||
| Accounts Payable | $79.91M | $73.03M | $65.39M | $50.46M | $35.78M | $42.85M | $13.18M | $17.74M | $14.67M | $10.44M | $7.47M | $9.25M | $5.93M | $7.06M | $2.33M | $1.45M | $312K | $1.28M | $904K | $7.19M | $968K | $2.62M | $660K | $941K | $4.43M | $3.39M | $747K |
| Short-Term Debt | $19.26M | $16.5M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $3.11M | $0 | $3.28M | $3.01M | $0 | $0 | $208K | $1.61M | $1.26M | $0 | $0 | $0 | $0 | $0 | $0 | $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 | $0 |
| Current Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $552K | $530K | $470K | $0 | $0 | $0 | $0 | $0 | $310K | $143K | $0 | $0 |
| Other Current Liabilities | $258.19M | $127.69M | $55.63M | $42.74M | $33.46M | $25.59M | $19.42M | $23.74M | $12.84M | $7.67M | $4.99M | $5.06M | $2.97M | $2.36M | $951K | $0 | $0 | $113K | $1.01M | $1.38M | $1.91M | $1.54M | $2.29M | $358K | $719K | $747K | $87K |
| Total Current Liabilities | $468.87M | $297.53M | $225.63M | $190.24M | $135.17M | $118.81M | $85.24M | $79.73M | $44.66M | $27.99M | $22.26M | $19.63M | $16.46M | $15.75M | $4.48M | $3.34M | $2.78M | $4.88M | $3.68M | $9.68M | $4.87M | $5.05M | $2.95M | $3.89M | $10.26M | $4.14M | $834K |
| Long-Term Liabilities | |||||||||||||||||||||||||||
| Long-Term Debt | $716M | $1.26B | $1.16B | $1.13B | $566.59M | $356.32M | $335.94M | $316.56M | $55.57M | $54.79M | $22.03M | $24.86M | $16.34M | $16.22M | $0 | $0 | $0 | $487K | $2.11M | $3.16M | $6.44M | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $1.66M | $0 | $0 |
| Long-Term Deferred Tax 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 | $0 |
| Other Long-Term Liabilities | $307.81M | $144.7M | $242.78M | $208.5M | $95.74M | $9.18M | $10.61M | $0 | $765K | $693K | $572K | $141K | $380K | $647K | $923K | $0 | $0 | $2.22M | $2.22M | $1.63M | $1.03M | $728K | $646K | $968K | $1.66M | $1.8M | $1K |
| Total Long-Term Liabilities | $1.06B | $1.44B | $1.44B | $1.38B | $697.87M | $401.46M | $395.38M | $316.56M | $56.33M | $55.48M | $22.6M | $25M | $16.72M | $16.93M | $1.09M | $83K | $0 | $2.7M | $4.33M | $4.79M | $7.47M | $728K | $646K | $968K | $1.66M | $1.8M | $0 |
| 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 | $0 |
| Total Liabilities | $1.53B | $1.74B | $1.66B | $1.57B | $833.04M | $520.27M | $480.63M | $396.29M | $100.99M | $83.47M | $44.86M | $44.63M | $33.17M | $32.68M | $5.57M | $3.42M | $2.78M | $7.58M | $8.01M | $14.47M | $12.34M | $5.78M | $3.59M | $4.86M | $11.91M | $5.94M | $834K |
| Stockholders' Equity | |||||||||||||||||||||||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $918K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $97K |
| Common Stock | $2.14M | $1.79M | $1.48M | $1.36M | $1.19M | $1.03M | $897K | $773K | $766K | $620K | $618K | $498K | $391K | $315K | $248K | $1.56M | $1.3M | $1.23M | $1.22M | $1.01M | $665K | $449K | $384K | $332K | $329K | $328K | $39K |
| Retained Earnings | -$5.64B | -$4.36B | -$3.45B | -$2.7B | -$2.27B | -$1.83B | -$1.54B | -$1.28B | -$957.88M | -$765.24M | -$588.96M | -$470.78M | -$391.62M | -$335.55M | -$294.17M | -$234.51M | -$228.08M | -$346.43M | -$330.76M | -$310.8M | -$254.66M | -$213.73M | -$186.53M | -$176.23M | -$139.81M | -$102.64M | -$22.78M |
| Comprehensive Income & Other | $1.46M | -$2.29M | -$745K | $756K | $968K | $193K | -$10K | -$9K | -$3K | -$65K | -$5.31M | -$3.32M | -$3.56M | $0 | $450K | $993K | $445K | $0 | -$242K | -$503K | -$494K | -$484K | -$450K | -$354K | -$1.15M | $166K | -$75K |
| Other Stockholders' Equity | $6.37B | $4.64B | $3.11B | $2.78B | $2.67B | $2.11B | $1.8B | $1.49B | $1.32B | $919.1M | $900.04M | $656.52M | $534.55M | $456.12M | $428.19M | $425.79M | $350.69M | $342.38M | $341.03M | $323.66M | $264.52M | $220.51M | $212.36M | $199.34M | $199.18M | $199.1M | $27.2M |
| Total Equity | $738.98M | $285.38M | -$331.92M | $87.95M | $410.47M | $275.88M | $261.67M | $208.27M | $361.06M | $154.48M | $311.7M | $186.24M | $143.32M | $120.88M | $134.27M | $192.84M | $123.91M | -$2.82M | $11.49M | $13.88M | $10.53M | $7.24M | $26.22M | $23.45M | $59.7M | $96.78M | $4.46M |
| 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 | $0 |
| Total Liabilities and Equity | $2.26B | $2.03B | $1.33B | $1.66B | $1.24B | $796.15M | $742.3M | $604.56M | $462.05M | $237.96M | $356.56M | $230.86M | $176.5M | $153.56M | $139.83M | $196.26M | $126.69M | $4.76M | $19.5M | $28.35M | $22.87M | $13.01M | $29.81M | $28.31M | $71.61M | $102.72M | $5.3M |
| Supplementary Data | |||||||||||||||||||||||||||
| Total Debt | $768.16M | $1.31B | $1.2B | $1.18B | $612.27M | $404.84M | $397.04M | $316.56M | $55.57M | $54.79M | $25.14M | $24.86M | $19.68M | $19.39M | $280K | $164K | $208K | $2.1M | $3.37M | $3.16M | $6.44M | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Debt | $257.71M | $759.09M | $721.62M | $103.83M | -$104.51M | -$127.91M | -$90.39M | -$178.51M | -$325.6M | -$107.8M | -$257.74M | -$134.37M | -$94.21M | -$71.39M | -$14.57M | -$10.58M | -$12.53M | -$43K | -$13.11M | -$20.95M | -$12.4M | -$9.22M | -$29.53M | -$27.34M | -$51.25M | -$71.63M | -$317K |
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 | FY 2001 | FY 2000 | FY 1999 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | 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 | 1999-12-31 |
| Operating Activities | |||||||||||||||||||||||||||
| Net Income | -$1.28B | -$913.77M | -$749.57M | -$481.53M | -$434.65M | -$294.09M | -$254.34M | -$324.28M | -$192.65M | -$176.27M | -$118.18M | -$79.16M | -$56.07M | -$41.37M | -$59.66M | -$6.43M | $118.35M | -$15.67M | -$19.96M | -$56.14M | -$40.93M | -$27.2M | -$10.3M | -$36.42M | -$37.17M | -$79.86M | -$7.79M |
| Depreciation & Amortization | $16.45M | $11.01M | $10.58M | $10.33M | $14.18M | $14.15M | $10.18M | $4.83M | $2.9M | $2.44M | $1.98M | $1.07M | $680K | $561K | $343K | $54K | $707K | $1.04M | $406K | $3.37M | $12.9M | $34K | $96K | $346K | $1.54M | $789K | $87K |
| Deferred Income Tax | $0 | $0 | $0 | $0 | $17.69M | $0 | $0 | $2.21M | $0 | $0 | $0 | $9K | -$2K | -$838K | $0 | $0 | $0 | $500K | -$521K | -$885K | $0 | $0 | $0 | -$95K | -$95K | $0 | $0 |
| Stock-Based Compensation | $152.71M | $96.83M | $74.78M | $57.69M | $46.02M | $36.16M | $26.97M | $26.24M | $18.07M | $18.04M | $15.59M | $11.33M | $8.67M | $2.98M | $1.6M | $366K | $2.54M | $850K | $521K | $885K | $0 | $0 | $0 | $95K | $95K | $0 | $0 |
| Changes in Working Capital: | |||||||||||||||||||||||||||
| Accounts Receivable | -$88.31M | -$12.93M | -$11.96M | -$6.42M | -$8.12M | $2.67M | -$13.72M | -$5.51M | $0 | $0 | $0 | $0 | $0 | $757K | -$286K | $19K | -$123K | $128K | -$9K | -$241K | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Inventory | -$31.52M | -$17.04M | -$13.61M | -$1.71M | -$17.46M | -$21.18M | -$21.28M | -$7.03M | $0 | $0 | $0 | $0 | $0 | $483K | $1.65M | -$104.44M | -$1.78M | $245K | $576K | -$576K | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Accounts Payable | $100.07M | $44.59M | $15.15M | $50.01M | -$7.58M | $29.82M | -$4.97M | $3.87M | $3.6M | $2.77M | -$1.78M | $3.31M | -$1.13M | $4.73M | $884K | -$2.75M | -$965K | $373K | -$6.28M | $6.22M | -$1.65M | $1.96M | -$3.49M | $1.81M | $1.81M | $0 | $0 |
| Other Working Capital | -$60.55M | -$17.79M | -$28.8M | -$35.3M | -$25.43M | -$14.27M | -$23M | $24.41M | $7.68M | $5.87M | $1.16M | -$1.48M | $701K | $1.9M | $930K | $105.46M | -$2.27M | $638K | -$543K | -$820K | $1.87M | $274K | $2.81M | -$5.36M | $2.15M | $2.11M | $179K |
| Total Working Capital Change | -$80.3M | -$3.18M | -$39.22M | $6.58M | -$58.58M | -$2.95M | -$62.97M | $15.74M | $11.28M | $8.64M | -$623K | $1.83M | -$430K | $7.38M | $1.53M | -$1.71M | -$5.14M | $1.14M | -$6.26M | $4.58M | $219K | $2.23M | -$679K | -$3.55M | $3.96M | $2.11M | $179K |
| Other Non-Cash Items | $252.9M | $125.22M | $167.18M | $6.5M | $52.04M | $27.39M | $29.5M | $17.29M | $776K | $452K | $534K | $500K | $493K | $280K | $25.99M | $0 | -$127.47M | $143K | $559K | $5.98M | $48K | $33K | $119K | $15.53M | -$116K | $55.55M | $294K |
| Net Cash from Operating | -$935.01M | -$683.88M | -$536.25M | -$400.44M | -$363.3M | -$219.35M | -$250.65M | -$257.98M | -$159.62M | -$146.71M | -$100.7M | -$64.42M | -$46.66M | -$31.01M | -$30.2M | -$7.72M | -$11.01M | -$11.99M | -$25.25M | -$42.2M | -$27.77M | -$24.9M | -$10.76M | -$24.08M | -$31.78M | -$21.42M | -$7.23M |
| Investing Activities | |||||||||||||||||||||||||||
| Capital Expenditures | -$32.56M | -$21.92M | -$13.29M | -$9.88M | -$7.29M | -$6.82M | -$42.27M | -$14.81M | -$3M | -$4.2M | -$3.45M | -$5.35M | -$826K | -$290K | -$979K | $6.73M | $0 | $0 | $0 | -$5.02M | $0 | $0 | $0 | -$251K | -$251K | -$1.29M | -$109K |
| Acquisitions | $0 | $0 | $3.42M | $24.71M | -$6.7M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $2K | $5K | $0 | -$6.73M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Purchases of Investments | -$2.09B | -$1.58B | -$588.73M | -$99.71M | -$50.29M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$19.66M | -$1.16M | -$102.46M | -$108.74M | $0 | -$500K | $0 | $0 | $0 | $0 | $0 | $0 | -$19.22M | -$4.33M |
| Sales of Investments | $2.09B | $1.02B | $375M | $75M | $57M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $2.15M | $81.46M | $36.5M | $115.15M | $10K | $12.67M | $9.07M | $0 | $0 | $0 | $0 | -$211K | $11.5M | $12.26M | $0 |
| Other Investing Activities | -$30M | $0 | $0 | -$24.71M | -$57M | $0 | $0 | $0 | $0 | $0 | $0 | $10K | $0 | $0 | $0 | -$6.73M | $127.47M | $0 | $0 | $0 | $0 | $0 | $0 | $11.71M | $0 | $3.61M | $0 |
| Net Cash from Investing | -$64.58M | -$583.17M | -$223.6M | -$34.58M | -$64.28M | -$6.82M | -$42.27M | -$14.81M | -$3M | -$4.2M | -$3.45M | -$5.34M | $1.33M | $61.52M | $34.36M | $5.96M | $18.74M | $12.67M | $8.57M | -$5.02M | $0 | $0 | $0 | $11.25M | $11.25M | -$4.64M | -$4.44M |
| Financing Activities | |||||||||||||||||||||||||||
| Debt Repaid | $4.93M | -$147.39M | $1.22M | -$349.4M | -$336.34M | $167K | - | -$392.17M | - | -$30M | - | -$4.94M | $96K | -$19.88M | $82K | $237K | $1.25M | $2.21M | - | - | -$35M | - | - | - | - | -$66K | - |
| Common Stock Issuance | $959M | $1.08B | $152.47M | $292.15M | $269.89M | $245.87M | $261.07M | $8.81M | $377.66M | $1.08M | $222.94M | $109.01M | $67.02M | $25.66M | $32K | $0 | $580K | $121K | $17.1M | $52.21M | $4.62M | $8.19M | $12.95M | $170K | $153K | $97.3M | $312K |
| Common Stock Repurchases | $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 | $0 |
| 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 | $0 | $0 | $0 |
| Other Financing Activities | $0 | $109.51M | $17.18M | $151.72M | $6.32M | $25.14M | $24.2M | -$14.24M | $3.43M | -$411K | $4.86M | $1.14M | $1.53M | -$114K | $0 | $0 | $3.53M | $0 | $1.02M | $288K | -$2.24M | -$3.59M | $0 | $0 | $0 | $0 | $141 |
| Net Cash from Financing | $954.07M | $1.34B | $168.44M | $793.27M | $612.55M | $271M | $285.28M | $386.74M | $381.09M | $30.67M | $227.8M | $115.09M | $68.45M | $45.42M | -$50K | -$233K | $2.87M | -$2.09M | $18.12M | $52.5M | $37.38M | $4.6M | $12.95M | $170K | $153K | $97.37M | $312K |
| Forex Effect | $931K | -$1.31M | -$250K | -$996K | -$933K | $494K | -$4K | -$45K | $103K | -$50K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$11.25M | $0 | $0 | $0 |
| Net Change in Cash | -$44.59M | $72.66M | -$591.66M | $357.25M | $184.03M | $45.33M | -$7.64M | $113.91M | $218.57M | -$120.28M | $123.65M | $45.33M | $23.11M | $75.93M | $4.11M | -$2M | $10.6M | -$1.41M | $1.43M | $5.28M | $9.61M | -$20.3M | $2.19M | -$23.91M | -$20.38M | $71.31M | -$11.36M |
| Supplementary Data | |||||||||||||||||||||||||||
| Operating Cash Flow | -$935.01M | -$683.88M | -$536.25M | -$400.44M | -$363.3M | -$219.35M | -$250.65M | -$257.98M | -$159.62M | -$146.71M | -$100.7M | -$64.42M | -$46.66M | -$31.01M | -$30.2M | -$7.72M | -$11.01M | -$11.99M | -$25.25M | -$42.2M | -$27.77M | -$24.9M | -$10.76M | -$24.08M | -$31.78M | -$21.42M | -$7.23M |
| Capital Expenditure | -$32.56M | -$21.92M | -$13.29M | -$9.88M | -$7.29M | -$6.82M | -$42.27M | -$14.81M | -$3M | -$4.2M | -$3.45M | -$5.35M | -$826K | -$290K | -$979K | $6.73M | $0 | $0 | $0 | -$5.02M | $0 | $0 | $0 | -$251K | -$251K | -$1.29M | -$109K |
| Free Cash Flow | -$967.58M | -$705.8M | -$549.53M | -$410.32M | -$370.59M | -$226.17M | -$292.92M | -$272.79M | -$162.62M | -$150.91M | -$104.15M | -$69.77M | -$47.49M | -$31.3M | -$31.18M | -$989K | -$11.01M | -$11.99M | -$25.25M | -$47.22M | -$27.77M | -$24.9M | -$10.76M | -$24.33M | -$32.03M | -$22.71M | -$7.34M |
| Cash at Beginning | $555.03M | $482.37M | $1.07B | $716.78M | $532.76M | $487.43M | $495.07M | $381.17M | $162.59M | $282.88M | $159.23M | $113.89M | $90.78M | $14.85M | $10.74M | $12.74M | $2.15M | $3.55M | $2.12M | $18.84M | $9.22M | $29.53M | $27.34M | $51.25M | $71.63M | $317K | $11.68M |
| Cash at End | $510.44M | $555.03M | $482.37M | $1.07B | $716.78M | $532.76M | $487.43M | $495.07M | $381.17M | $162.59M | $282.88M | $159.23M | $113.89M | $90.78M | $14.85M | $10.74M | $12.74M | $2.15M | $3.55M | $24.11M | $18.84M | $9.22M | $29.53M | $27.34M | $51.25M | $71.63M | $317K |