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Q3 202510-Q

Quarterly Report — Q3 2025

Filed October 30, 2025

AI Summary

Revenue hit $919M in Q3 2025, up 29% year-over-year from $713M, with nine-month revenue climbing to $2.7B versus $2.1B a year ago. The net loss narrowed meaningfully to $240M for the quarter (vs. $280M a year ago), though the company still burned through $1.1B in accumulated losses over the first nine months. Geographic diversification is progressing — Asia-Pacific and Rest of World regions are growing faster than the core U.S./Canada market, which still accounts for roughly 43% of revenue.

What is Quarterly Report?

Filed after each of the first three fiscal quarters with unaudited financial statements, management discussion, and any material changes to risk factors or legal proceedings.

Quarterly financial update — tracks business trajectory between annual reports.