Income statement waterfall. Green diagonal stripes add to the running result, red diagonal stripes subtract from it, and a thin axis line marks the loss-zone boundary.
- Revenue: $519.1M. Running result $519.1M. Product: $462.8M. Service: $56.3M.
- Cost of revenue: −$473.89M. Running result $45.21M.
- Gross profit: $45.21M. Running result $45.21M.
- Research and development expenses (including related parties amounts of US$63,011, US$107,669 and US$135,334 for the years ended December 31, 2025, 2024 and 2023, respectively): −$170.96M. Running result −$125.75M.
- Selling and marketing expenses (including related parties amounts of US$20,125, US$52,636 and US$40,531 for the years ended December 31, 2025, 2024 and 2023, respectively): −$148.26M. Running result −$274.01M.
- General and administrative expenses (including related parties amounts of US$4,227, US$10,873 and US$13,085 for the years ended December 31, 2025, 2024 and 2023, respectively): −$135.85M. Running result −$409.86M.
- Impairment of long-lived assets: −$51.8M. Running result −$461.66M.
- Other operating benefit: $38.46M. Running result −$423.2M.
- Operating income: −$423.2M. Running result −$423.2M.
- Other expense: −$25.08M. Running result −$448.28M.
- Pre-tax loss: −$448.28M. Running result −$448.28M.
- Income tax expense: −$15.95M. Running result −$464.22M.
- Net loss: −$464.22M. Running result −$464.22M.
