Revenue
2022
2023
2024
2025
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
| Revenue | $0 | $0 | $0 | $0 | — | — |
| Research & development | $90.3M | $73.3M | $65.2M | $42.2M | $25.2M | $18.0M |
| Operating expenses | $112.8M | $96.1M | $85.0M | $60.3M | $35.3M | $22.2M |
| Operating income | −$112.8M | −$96.1M | −$85.0M | −$60.3M | −$35.3M | −$22.2M |
| EBITDA | −$111.7M | −$94.9M | −$83.7M | −$59.1M | −$34.4M | −$21.4M |
| Net income | −$106.2M | −$86.9M | −$76.4M | −$58.8M | −$35.3M | −$22.2M |
| Basic EPSper basic share | -$1.76 | -$1.75 | -$1.93 | -$1.96 | -$8.95 | -$82.06 |
| Diluted EPSper diluted share | -$1.76 | -$1.75 | -$1.93 | -$1.96 | -$8.95 | -$82.06 |
Reported shareholders
| Holder | % owned |
|---|---|
TCG Crossover Management, LLC | 9.21%9.53M shares |
MONTANOVA CAPITAL, LLC | 6.96%7.21M shares |
Frazier Life Sciences Management, L.P. | 6.86%7.1M shares |
Nantahala Capital Management, LLC | 5.70%5.9M shares |
Long Focus Capital Management, LLC | 4.95%5.12M shares |
BlackRock, Inc. | 4.55%4.71M shares |
ADAGE CAPITAL PARTNERS GP, L.L.C. | 4.48%4.64M shares |
Caligan Partners LP | 4.15%4.3M shares |
VANGUARD CAPITAL MANAGEMENT LLC | 3.96%4.1M shares |
FCPM III SERVICES B.V. | 3.92%4.05M shares |
ORBIMED ADVISORS LLC | 3.22%3.33M shares |
Medicxi Ventures Management (Jersey) Ltd | 2.94%3.04M shares |
RA CAPITAL MANAGEMENT, L.P. | 2.42%2.5M shares |
Jupiter Topco LLC | 2.42%2.5M shares |
Balyasny Asset Management L.P. | 2.28%2.35M shares |
FRANKLIN RESOURCES INC | 2.00%2.07M shares |
GEODE CAPITAL MANAGEMENT, LLC | 1.70%1.75M shares |
Redmile Group, LLC | 1.61%1.67M shares |
EcoR1 Capital, LLC | 1.61%1.67M shares |
Trails Edge Capital Partners, LP | 1.39%1.44M shares |
Percentages use 103.48M shares of this listed class outstanding on Jun 30, 2026.
Gray completes the 100% scale. Reported positions may overlap; holders have different reporting dates.
| Transaction | Insider | Type | Shares | Price | Value | Owned after |
|---|---|---|---|---|---|---|
| Jun 16, 2026Form 4 | Gibney Anthony SSee Remarks | SellCommon Stock | 12.8K | $6.42 | $82.3K | 265.4K |
| May 7, 2026Form 4 | Matrix Capital Management Company, LP +1TenPercentOwner | SellCommon Stock, par value $0.00001 per share (Common Stock) · indirect | 6.92M | $5.64 | $39.04M | 0 |
| Apr 16, 2026Form 4 | Kilroy ConorSee Remarks | SellCommon Stock | 11.7K | $7.02 | $82.4K | 217.8K |
| Feb 17, 2026Form 4 | Kilroy ConorSee Remarks | SellCommon Stock | 12.1K | $5.05 | $61.0K | 167.2K |
| Feb 17, 2026Form 4 | Plavsic MarkChief Technology Officer | SellCommon Stock | 15.9K | $5.05 | $80.2K | 181.4K |