Revenue
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $726.9M | $617.0M | $545.4M | $468.0M | $369.3M | $304.6M | $260.4M | $226.7M | $176.7M | $132.9M | $111.2M |
| Gross profit | $527.3M | $448.8M | $385.0M | $334.7M | $265.2M | $215.8M | $166.5M | $141.8M | $112.1M | $82.8M | $62.7M |
| Gross margin | 72.54% | 72.73% | 70.60% | 71.52% | 71.81% | 70.86% | 63.96% | 62.55% | 63.45% | 62.29% | 56.40% |
| Research & development | $172.2M | $163.4M | $160.4M | $139.2M | $97.5M | $70.2M | $58.0M | $44.7M | $34.8M | $23.0M | $16.8M |
| Operating expenses | $526.7M | $509.6M | $493.0M | $479.7M | $349.1M | $253.7M | $217.0M | $188.5M | $144.0M | $94.2M | $67.6M |
| Operating income | $609,000 | −$60.9M | −$108.0M | −$145.0M | −$83.9M | −$37.9M | −$50.5M | −$46.7M | −$31.8M | −$11.4M | −$4.8M |
| Operating margin | 0.08% | −9.86% | −19.80% | −30.99% | −22.72% | −12.44% | −19.38% | −20.60% | −18.00% | −8.55% | −4.35% |
| EBITDA | $10.3M | −$50.8M | −$100.0M | −$139.2M | −$79.0M | −$32.5M | −$45.8M | −$44.7M | −$30.9M | −$10.6M | −$4.0M |
| EBITDA margin | 1.42% | −8.24% | −18.33% | −29.75% | −21.40% | −10.67% | −17.58% | −19.72% | −17.49% | −7.95% | −3.63% |
| Net income | $1.2M | −$92.3M | −$111.4M | −$150.9M | −$88.6M | −$33.5M | −$50.7M | −$49.5M | −$31.0M | −$12.5M | −$7.0M |
| Net profit margin | 0.17% | −14.95% | −20.43% | −32.25% | −24.01% | −10.99% | −19.48% | −21.81% | −17.54% | −9.37% | −6.28% |
| Basic EPSper basic share | $0.02 | -$1.26 | -$1.52 | -$2.08 | -$1.25 | -$0.48 | -$0.77 | -$0.80 | -$0.63 | -$0.39 | -$0.23 |
| Diluted EPSper diluted share | $0.02 | -$1.26 | -$1.52 | -$2.08 | -$1.25 | -$0.48 | -$0.77 | -$0.80 | -$0.63 | -$0.39 | -$0.23 |
Reported shareholders
Reported holdings Number of shares
| Holder | Shares held |
|---|---|
VANGUARD PORTFOLIO MANAGEMENT LLC | 4.19M |
BlackRock, Inc. | 3.58M |
Fivespan Partners, LP | 3.51M |
Lead Edge Capital Management, LLC | 2.88M |
RPD Fund Management LLC | 1.86M |
Calkins Matthew W | 1.77M |
VANGUARD CAPITAL MANAGEMENT LLC | 1.67M |
AQR CAPITAL MANAGEMENT LLC | 1.41M |
FIRST TRUST ADVISORS LP | 1.4M |
ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | 1.38M |
STATE STREET CORP | 1.09M |
GEODE CAPITAL MANAGEMENT, LLC | 1.06M |
ACADIAN ASSET MANAGEMENT LLC | 955.43K |
Mudita Advisors LLP | 839.4K |
BAILLIE GIFFORD & CO | 735.16K |
JACOBS LEVY EQUITY MANAGEMENT, INC | 689.83K |
CITADEL ADVISORS LLC | 619.03K |
Qube Research & Technologies Ltd | 538.63K |
MORGAN STANLEY | 418.9K |
FMR LLC | 417.24K |
Bars compare reported share counts. A matching total for this share class and reporting period is unavailable, so percentages are not shown.
| Transaction | Insider | Type | Shares | Price | Value | Owned after |
|---|---|---|---|---|---|---|
| Jun 8, 2026Form 4 · 10b5-1 | Calkins Matthew WCEO and President | SellClass A Common Stock | 50.0K | $24.13 | $1.21M | 1.77M |
| May 13, 2026Form 4 | Dorsey MarkChief Revenue Officer | BuyClass A Common Stock | 7 | $19.15 | $134.05 | 14.0K |
| May 13, 2026Form 4 | Dorsey MarkChief Revenue Officer | BuyClass A Common Stock | 5.2K | $19.13 | $99.9K | 14.0K |
| Mar 3, 2026Form 4 | Lynch Mark StevenDirector | SellClass A Common Stock | 9.5K | $27.00 | $257.3K | 44.0K |
| Aug 8, 2025Form 4 | Abdiel Capital Management, LLC +5TenPercentOwner | SellClass A Common Stock · indirect | 896 | $29.36 | $26.3K | 4.25M |