收入
成本
利润
| Item | Category | Value | YoY |
|---|---|---|---|
| Total revenue | revenue | 751.05M | 130.37% |
| Gross profit | profit | 225.54M | 154.26% |
| Cost of revenue | cost | 525.51M | 121.44% |
| Interest income | revenue | 20.60M | 1.41% |
| Other income, net | revenue | 6.20M | 2.03% |
| Gain (loss) on revaluation of embedded derivatives | revenue | 754000 | 8.32% |
| Income from operations | profit | 72.19M | 278.55% |
| Total operating expenses | cost | 153.35M | 42.29% |
| Aggregate | revenue | 99.74M | |
| General and administrative | cost | 58.07M | 29.32% |
| Research and development | cost | 56.85M | 39.98% |
| Sales and marketing | cost | 38.44M | 72.64% |
| Pre-tax income (loss) | profit | 74.14M | 422.57% |
| Equity in loss of unconsolidated affiliates | revenue | 17.00M | |
| Total interest expense related to our notes | cost | 8.60M | -0.40% |
| Net income (loss) | profit | 73.69M | 414.73% |
| Income tax provision | cost | 445000 | 0.03% |
| Net income (loss) attributable to common stockholders | profit | 70.65M | 396.69% |
| Less: net income attributable to noncontrolling interest | cost | 3.04M | 6.59% |
| Segment | Value | YoY |
|---|---|---|
| Product | 653.35M | 208.37% |
| Service | 61.88M | 15.56% |
| Installation | 25.93M | -22.94% |
| Others | 9.90M | -63.28% |
| Item | Category | Value | YoY |
|---|---|---|---|
| Cash and cash equivalents | assets | 2.49B | |
| Inventories | assets | 732.53M | |
| Accounts receivable | assets | 359.41M | |
| Contract assets, current | assets | 242.59M | |
| Prepaid expenses and other current assets | assets | 103.96M | |
| Deferred costs, current | assets | 23.36M | |
| Restricted cash, current | assets | 1.25M | |
| Total current assets | assets | 3.95B | |
| Property, plant and equipment, net | assets | 401.09M | |
| Operating lease right-of-use assets | assets | 109.39M | |
| Other long-term assets | assets | 83.30M | |
| Contract assets, non-current | assets | 63.28M | |
| Restricted cash | assets | 25.60M | |
| Investments in unconsolidated affiliates | assets | 23.26M | |
| Deferred cost of revenue | assets | 4.27M | |
| Total assets | assets | 4.66B | |
| Total liabilities | liabilities | 3.72B | |
| Total stockholders’ equity | liabilities | 948.01M | |
| Recourse debt | liabilities | 2.60B | |
| Total current liabilities | liabilities | 786.80M | |
| Financing obligations | liabilities | 152.83M | |
| Operating lease liabilities, noncurrent | liabilities | 107.22M | |
| Deferred revenue and customer deposits, noncurrent | liabilities | 39.26M | |
| Deferred profit in transactions with unconsolidated affiliates | liabilities | 22.77M | |
| Other liabilities, noncurrent | liabilities | 9.16M | |
| Noncontrolling interest | liabilities | 26.54M | |
| Total stockholders’ equity attributable to common stockholders | equity | 921.47M | |
| Accumulated deficit | equity | 3.92B | |
| Contract assets, non-current | liabilities | 241.65M | |
| Operating lease liabilities, current | liabilities | 223.65M | |
| Deferred revenue and customer deposits | liabilities | 194.09M | |
| Financing obligations | liabilities | 63.15M | |
| Accrued warranty | liabilities | 38.37M | |
| Operating lease liabilities | liabilities | 21.93M | |
| Non-recourse debt | liabilities | 3.96M | |
| Aggregate | equity | 4.84B | |
| Additional paid-in capital | equity | 4.84B | |
| Accumulated other comprehensive income (loss) | equity | 2.97M | |
| Common stock: 0.0001 par value; class a shares—600,000,000 shares authorized, and 284,207,963 shares and 280,045,459 shares issued and outstanding, and class b shares—470,092,742 shares authorized, and no shares issued and outstanding at march 31, 2026 and december 31, 2025, respectively. | equity | 28000 |
| Item | Value |
|---|---|
| Deferred revenue and customer deposits | 89.54M |
| Net income (loss) | 73.69M |
| Stock-based compensation expense | 48.22M |
| Accounts payable | 36.96M |
| Accrued warranty | 18.35M |
| Equity in loss of unconsolidated affiliates | 17.00M |
| Depreciation and amortization | 13.28M |
| Increase (decrease) in accounts receivable | 11.78M |
| Non-cash lease expense | 8.00M |
| Increase (decrease) in deferred charges | 7.12M |
| Amortization of debt issuance costs | 3.43M |
| Unrealized gain (loss), foreign currency transaction, before tax | 2.83M |
| Distributions received from unconsolidated affiliates | 138000 |
| Gain (loss) on disposition of property plant equipment | 115000 |
| Financing lease liabilities | 89000 |
| Deferred profit with equity method investees and other long-term liabilities | -86000 |
| Other noncash income (expense) | -281000 |
| Unrealized gain (loss) on derivatives and commodity contracts | -754000 |
| Accrued expenses and other current liabilities | -1.37M |
| Share-based consideration payable to customer’s customer (note 3) | -3.09M |
| Operating lease right-of-use assets and operating lease liabilities | -8.53M |
| Gain (loss) on failed sale and leaseback transactions | -9.40M |
| Increase (decrease) in other noncurrent assets | -25.99M |
| Increase (decrease) in prepaid expense and other assets | -54.16M |
| Increase in contract assets | -64.69M |
| Increase (decrease) in inventories | -88.58M |
| Item | Value |
|---|---|
| Proceeds from sale of property, plant and equipment | 91000 |
| Payments to acquire equity method investments | -19.85M |
| Payments to acquire property, plant, and equipment | -26.18M |
| Item | Value |
|---|---|
| Proceeds from issuance of common stock | 15.84M |
| Payments of debt issuance costs | -806000 |
| Repayments of financing obligations | -7.97M |
| Item | Value |
|---|---|
| Cash and cash equivalents, beginning of period | 2.48B |
| Cash and cash equivalents, end of period | 2.52B |
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