Total revenue increased by 52% to $169.4 million in 2025 from $111.1 million in 2024. Product revenue reached $146.6 million in 2025, up from $111.1 million in 2024. Royalties from long-term IP license contracts contributed $22.8 million in revenue in 2025, with $16.1 million recognized in Q4 2025 after resolving uncertainties. Net loss decreased to $60.4 million in 2025 from $97.0 million in 2024. Gross profit increased to $83.4 million, resulting in a 49% gross margin in 2025, up from $40.5 million (36% gross margin) in 2024. Operating expenses increased by 9% to $157.4 million in 2025. Research and development (R&D) expenses increased by 12% to $65.2 million in 2025. Sales and marketing (S&M) expenses slightly decreased by 1% to $27.6 million in 2025. General and administrative (G&A) expenses increased by 10% to $64.6 million in 2025. Cash and cash equivalents, restricted cash, and short-term investments totaled $211.2 million as of December 31, 2025. The acquisition of Stereolabs SAS was completed on February 4, 2026, for $35.4 million cash and 1,847,677 newly-issued shares of common stock. Previously identified material weaknesses in internal control over financial reporting were remediated as of December 31, 2025. The $44.0 million debt facility was fully repaid in August 2024. Amazon holds a warrant to acquire up to 3,271,970 shares of common stock at an exercise price of $50.57 per share, with 2,728,985 shares vested as of December 31, 2025. 4,671,406 shares were sold under an at-the-market (ATM) offering program in 2025, generating $95.6 million in net proceeds.