Revenue
2022
2023
2024
2025
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
| Revenue | $2.3M | $26,572 | $16,281 | $0 | — | — |
| Gross profit | $910,144 | −$21,228 | $2,704 | $0 | — | — |
| Gross margin | 38.88% | −79.89% | 16.61% | — | — | — |
| Research & development | $18,774 | $75,285 | $6,589 | $615,693 | $474,338 | $123,915 |
| Operating expenses | $24.0M | $10.1M | $11.2M | $13.7M | — | — |
| Operating income | −$21.7M | −$10.1M | −$11.2M | −$13.7M | −$6.9M | −$3.3M |
| Operating margin | −925.53% | −37,998.51% | −68,502.59% | — | — | — |
| EBITDA | −$20.5M | −$9.4M | −$10.5M | −$13.6M | −$6.9M | −$3.3M |
| EBITDA margin | −874.09% | −35,551.42% | −64,326.90% | — | — | — |
| Net income | −$33.2M | −$16.3M | −$11.7M | −$12.9M | −$6.6M | −$3.2M |
| Net profit margin | −1,418.11% | −61,247.99% | −72,066.89% | — | — | — |
| Basic EPSper basic share | -$24.36 | -$2,463.00 | -$109,188.00 | -$384,480.00 | -$356,400.00 | -$286,200.00 |
| Diluted EPSper diluted share | -$25.80 | -$2,394.12 | -$109,188.00 | -$384,480.00 | -$356,400.00 | -$286,200.00 |
Reported shareholders
| Holder | % owned |
|---|---|
Hivemind Validation Master Fund LP / Hivemind Capital Partners, LLC / Hivemind Validation QOZ GP LLC | —9.25M shares |
Zhang Yechuan | —9.25M shares |
CANTOR FITZGERALD, L. P. | 11.85%872.69K shares |
STEADFAST CAPITAL MANAGEMENT LP | 5.57%410.43K shares |
Kathmere Capital Management, LLC | 4.80%353.36K shares |
Yorkville Advisors Global, LP | 4.80%353.11K shares |
Saba Capital Management, L.P. | 4.73%348.26K shares |
Galaxy Digital Inc. | 3.12%229.68K shares |
Annis Gardner Whiting Capital Advisors, LLC | 2.38%174.93K shares |
KAHN JOLIE | —171.6K shares |
CITADEL ADVISORS LLC | 1.64%120.6K shares |
Polimeni Christopher Vincent | ≈1.47%107.99K shares |
Welch David Ryan | ≈1.32%97.42K shares |
Wylie Peter John Jr | ≈0.83%61.22K shares |
Griffith Amy | ≈0.70%51.71K shares |
SUSQUEHANNA INTERNATIONAL GROUP, LLP | 0.61%45.27K shares |
Meekison William John | ≈0.57%42.19K shares |
Goldwater Elaine | ≈0.57%42.19K shares |
Cerity Partners LLC | 0.48%35.31K shares |
Cho Young | ≈0.42%30.61K shares |
Percentages use 7.36M 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 |
|---|---|---|---|---|---|---|
| Nov 24, 2025Form 4 | KAHN JOLIEChief Executive Officer | BuyCommon Shares | 1.0K | $1.70 | $1.7K | 171.6K |
| Nov 21, 2025Form 4 | Polimeni Christopher VincentChief Financial Officer | BuyCommon Shares | 2.5K | $1.75 | $4.4K | 108.0K |
| Nov 21, 2025Form 4 | KAHN JOLIEChief Executive Officer | BuyCommon Shares | 3.0K | $1.65 | $5.0K | 170.6K |
| May 17, 2024Form 4 | Welch David RyanDirector | BuyCommon Shares | 11 | $129.42 | $1.4K | 97.4K |