Revenue
2022
2023
2024
2025
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Revenue | $0 | $0 | $0 | $0 | — |
| Research & development | $24.8M | $40.5M | $54.9M | $28.5M | $16.2M |
| Operating expenses | $38.1M | $56.8M | $69.6M | $42.3M | $21.6M |
| Operating income | −$38.1M | −$56.8M | −$69.6M | −$42.3M | −$21.6M |
| EBITDA | −$38.1M | −$54.6M | −$69.6M | −$42.3M | — |
| Net income | −$35.2M | −$51.3M | −$64.7M | −$41.0M | −$21.5M |
| Basic EPSper basic share | -$1.16 | -$1.72 | -$2.74 | -$2.79 | -$10.64 |
| Diluted EPSper diluted share | -$1.16 | -$1.72 | -$2.74 | -$2.79 | -$10.64 |
Reported shareholders
| Holder | % owned |
|---|---|
Vivo Capital, LLC | 8.69%3.15M shares |
Leonard Braden Michael | ≈8.31%3.02M shares |
Commodore Capital LP | 8.08%2.93M shares |
Aziz Kabeer | ≈6.69%2.43M shares |
MILLENNIUM MANAGEMENT LLC | 6.39%2.32M shares |
BlackRock, Inc. | 4.59%1.67M shares |
Spruce Street Capital LP | 4.57%1.66M shares |
Easom Eric | ≈4.49%1.63M shares |
Almitas Capital LLC | 4.05%1.47M shares |
VANGUARD CAPITAL MANAGEMENT LLC | 3.41%1.24M shares |
ADAGE CAPITAL PARTNERS GP, L.L.C. | 2.75%1M shares |
CITADEL ADVISORS LLC | 2.62%952K shares |
Boxer Capital Management, LLC | 2.06%749.04K shares |
GEODE CAPITAL MANAGEMENT, LLC | 1.92%697.81K shares |
SummitTX Capital, L.P. | 1.65%597.45K shares |
Balyasny Asset Management L.P. | 1.53%556.03K shares |
Stonepine Capital Management, LLC | 1.52%551.69K shares |
Zakrzewski Joseph S | ≈1.52%551.42K shares |
AMERIPRISE FINANCIAL INC | 1.48%537.06K shares |
Sio Capital Management, LLC | 1.46%529.93K shares |
Percentages use 36.31M shares of this listed class outstanding on Jun 30, 2026. ≈ compares the latest reported holding with a share total from a different date; it is not a confirmed current stake.
Gray completes the 100% scale. Reported positions may overlap; holders have different reporting dates.
| Transaction | Insider | Type | Shares | Price | Value | Owned after |
|---|---|---|---|---|---|---|
| May 29, 2026Form 4 | Williams Sarah JoannePrincipal Accounting Officer | SellCommon Stock | 265 | $4.43 | $1.2K | 66.6K |
| Mar 3, 2026Form 4 | Williams Sarah JoannePrincipal Accounting Officer | SellCommon Stock | 327 | $1.06 | $346.62 | 66.8K |
| Jan 6, 2026Form 4 | Day LucyChief Financial Officer | SellCommon Stock | 5.5K | $1.01 | $5.6K | 75.4K |
| Jan 6, 2026Form 4 | Prior Stephen DavidChief Strategy Officer | SellCommon Stock | 2.9K | $1.01 | $2.9K | 59.1K |
| Jan 6, 2026Form 4 | Chanda SanjayChief Development Officer | SellCommon Stock | 6.0K | $1.01 | $6.0K | 75.8K |