Revenue
2022
2023
2024
2025
| 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
| Revenue | $23.8M | $4.1M | $433,026 | $0 |
| Gross profit | $3.4M | $1.6M | $138,970 | $0 |
| Gross margin | 14.28% | 38.59% | 32.09% | — |
| Research & development | $12.4M | $3.1M | $764,581 | $1.3M |
| Operating expenses | $63.3M | $28.0M | $16.2M | $5.1M |
| Operating income | −$59.9M | −$26.4M | −$16.0M | −$5.1M |
| Operating margin | −251.20% | −635.96% | −3,704.63% | — |
| EBITDA | −$58.0M | −$25.9M | −$16.0M | −$5.0M |
| EBITDA margin | −243.18% | −624.59% | −3,695.98% | — |
| Net income | −$159.8M | −$32.4M | −$16.3M | −$4.9M |
| Net profit margin | −670.23% | −782.41% | −3,762.85% | — |
| Basic EPSper basic share | -$2.11 | -$0.63 | -$0.49 | -$0.18 |
| Diluted EPSper diluted share | -$2.11 | -$0.63 | -$0.49 | -$0.18 |
Reported shareholders
| Holder | % owned |
|---|---|
BlackRock, Inc. | 7.08%9.22M shares |
AK Jensen Investment Management Ltd | ≈5.18%6.75M shares |
Encompass Capital Advisors LLC | 5.04%6.56M shares |
VANGUARD CAPITAL MANAGEMENT LLC | 3.83%4.98M shares |
Rovida Investment Management Ltd | 3.15%4.1M shares |
UBS Group AG | 2.50%3.25M shares |
GEODE CAPITAL MANAGEMENT, LLC | 2.26%2.95M shares |
Alyeska Investment Group, L.P. | 2.18%2.84M shares |
STATE STREET CORP | 1.99%2.6M shares |
Ainscow Robert | ≈1.75%2.28M shares |
EXCHANGE TRADED CONCEPTS, LLC | 1.73%2.26M shares |
AWM Investment Company, Inc. | 1.22%1.58M shares |
BNP PARIBAS ASSET MANAGEMENT Holding S.A. | 1.21%1.58M shares |
Kiessling Heather | ≈1.19%1.55M shares |
Philadelphia Financial Management of San Francisco, LLC | 1.03%1.34M shares |
MORGAN STANLEY | 0.89%1.16M shares |
VANGUARD PORTFOLIO MANAGEMENT LLC | 0.86%1.12M shares |
Moore Duncan | ≈0.80%1.04M shares |
NORTHERN TRUST CORP | 0.77%1.01M shares |
CHARLES SCHWAB INVESTMENT MANAGEMENT INC | 0.72%935.35K shares |
Percentages use 130.15M 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 |
|---|---|---|---|---|---|---|
| Jun 8, 2026Form 4 · 10b5-1 | Ainscow RobertCOO | SellCommon Stock | 8.4K | $7.00 | $59.1K | 2.28M |
| Jun 3, 2026Form 4 · 10b5-1 | Mann Paul ElliotChairman and CEO | SellCommon Stock | 83.8K | $7.76 | $650.0K | 9.58M |
| Jun 2, 2026Form 4 · 10b5-1 | Mann Paul ElliotChairman and CEO | SellCommon Stock | 83.8K | $8.29 | $694.4K | 9.66M |
| Jun 1, 2026Form 4 · 10b5-1 | Mann Paul ElliotChairman and CEO | SellCommon Stock | 83.8K | $7.88 | $660.0K | 9.75M |
| Apr 16, 2026Form 4 · 10b5-1 | Ainscow RobertCOO | SellCommon Stock | 22.5K | $5.21 | $117.2K | 1.49M |