Reported results
- GAAP revenue for the three months ended September 30, 2026, was $281 thousand, compared to $8,242 thousand for the three months ended September 30, 2025.
- GAAP net loss was $45,709 thousand for the third quarter of 2026, compared to a GAAP net loss of $532,646 thousand for the prior year period.
- GAAP basic and diluted loss per share of Class A common stock was $(0.11) for the third quarter of 2026.
- GAAP loss from operations was $64,820 thousand for the three months ended September 30, 2026.
- Ended the third quarter of 2026 with cash, cash equivalents, and short- and long-term investments of $1.9 billion.
Price and volatility reaction
The stock moved +16.2% on the print. No front-expiry chain was on file, so there is no straddle expected move.
| Measure | Value | Basis |
|---|---|---|
| Close before release | 4.37 | 2026-11-05 |
| Close after release | 5.08 | 2026-11-06 |
| Realised move | +16.2% | close to close |
Source
The figures above come from the earnings release the company filed with the SEC on 2026-11-05 (8-K, Item 2.02). Read the original filing on sec.gov.
