Tema Photonics & Optical ETF financials
$43.23−3.70%
Close Sep 28, 2026 · split-adjustedRevenue
Net income
Income statement & cash flow
| Quarter | Q4 '25 Dec 31 | Q3 '25 Sep 30 | Q2 '25 Jun 30 | Q1 '25 Mar 31 | Q4 '24 Dec 31 | Q3 '24 Sep 30 | Q2 '24 Jun 30 | Q1 '24 Mar 31 | Q4 '23 Dec 31 | Q3 '23 Sep 30 | Q2 '23 Jun 30 | Q1 '23 Mar 31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $12.7M | $18.7M | $15.6M | $18.9M | $22.5M | $15.5M | $16.5M | $21.0M | $22.1M | $17.0M | $16.2M | $14.5M |
| Gross profit | -$49.6M | -$8.1M | -$12.4M | -$8.1M | $12.5M | -$14.0M | -$13.7M | -$10.5M | -$21.6M | -$18.2M | -$18.3M | -$14.6M |
| Gross margin | −389.3% | −43.1% | −79.5% | −42.9% | 55.5% | −90.6% | −83.2% | −49.9% | −97.5% | −107.1% | −113.2% | −100.8% |
| Operating income | -$110.4M | -$74.7M | -$39.5M | -$72.3M | -$65.7M | -$115.9M | -$127.7M | -$125.8M | -$148.6M | -$128.9M | -$143.9M | -$141.9M |
| Net income | -$177.4M | -$89.5M | -$30.5M | -$80.7M | -$44.2M | $27.4M | -$130.6M | -$125.7M | -$148.4M | -$134.3M | -$141.8M | -$146.8M |
| Net margin | −1391.9% | −477.5% | −195.1% | −427.3% | −196.7% | 176.9% | −793.9% | −599.6% | −671.1% | −792.1% | −875.2% | −1011.6% |
| Diluted EPS | $-2.26 | $-1.29 | $-0.62 | $-1.92 | $-1.30 | $-3.62 | $-4.32 | $-4.44 | $-0.36 | $-5.10 | $-5.55 | $-6.00 |
| EBITDA | -$82.2M | -$57.5M | -$34.2M | -$67.5M | -$60.4M | -$100.2M | -$115.1M | -$117.7M | -$125.9M | -$117.0M | -$139.3M | -$138.9M |
| Operating cash flow | -$50.5M | -$48.0M | -$53.7M | -$44.2M | -$61.9M | -$55.8M | -$77.7M | -$81.2M | -$52.8M | -$56.5M | -$73.3M | -$64.7M |
| Free cash flow | -$51.8M | -$48.5M | -$53.8M | -$44.3M | -$62.8M | -$58.4M | -$78.0M | -$82.5M | -$53.6M | -$60.8M | -$78.5M | -$76.4M |
| Diluted shares | 78.3M | 69.3M | 49.1M | 42.1M | 34.1M | 32.9M | 30.2M | 28.3M | 409.7M | 26.3M | 25.5M | 24.7M |
Balance sheet
| Period end | Dec 31 | Sep 30 | Jun 30 | Mar 31 | Dec 31 | Sep 30 |
|---|---|---|---|---|---|---|
| Cash & equivalents | $20.3M | $54.5M | $48.2M | $59.3M | $82.8M | $114.2M |
| Short-term investments | $2.6M | $19.5M | $59.5M | $78.9M | $99.8M | $84.4M |
| Total debt | $110.9M | $429.2M | $429.7M | $486.3M | $500.5M | $539.4M |
| Total assets | $131.3M | $203.5M | $265.5M | $319.4M | $365.2M | $403.4M |
| Total liabilities | $608.3M | $505.1M | $513.5M | $581.1M | $586.0M | $661.4M |
| Shareholders' equity | -$477.0M | -$301.6M | -$272.2M | -$261.7M | -$220.8M | -$258.0M |
From SEC filings via Massive. Fiscal periods follow the company's own calendar; free cash flow is operating cash flow minus capital expenditure.
Sources: Massive / Polygon daily aggregates (split-adjusted) · SEC filings via Massive · FINRA settlements via Massive · Financial Modeling Prep. Figures are dated where shown; research is informational, not investment advice. Methodology