Revenue
2022
2023
2024
2025
| 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
| Revenue | $0 | $0 | $0 | $0 |
| Research & development | $44.8M | $55.3M | $42.6M | $37.2M |
| Operating expenses | $63.6M | $73.3M | $54.8M | $46.5M |
| Operating income | −$63.6M | −$73.3M | −$54.8M | −$46.5M |
| EBITDA | −$62.3M | −$72.2M | −$53.8M | −$45.5M |
| Net income | −$58.2M | −$65.4M | −$49.4M | −$45.9M |
| Basic EPSper basic share | -$2.60 | -$3.85 | -$40.65 | -$3.28 |
| Diluted EPSper diluted share | -$2.60 | -$3.85 | -$40.65 | -$3.28 |
Reported shareholders
| Holder | % owned |
|---|---|
ARCH Venture Management, LLC | 11.99%2.69M shares |
FMR LLC | 11.48%2.58M shares |
TANG CAPITAL MANAGEMENT LLC | 11.39%2.56M shares |
ADAR1 Capital Management, LLC | 8.76%1.97M shares |
Cormorant Asset Management, LP | 4.45%1M shares |
VANGUARD CAPITAL MANAGEMENT LLC | 2.74%614.92K shares |
WELLINGTON MANAGEMENT GROUP LLP | 2.47%556.23K shares |
MILLENNIUM MANAGEMENT LLC | 2.13%478.64K shares |
RENAISSANCE TECHNOLOGIES LLC | 2.10%471.57K shares |
Alyeska Investment Group, L.P. | 1.33%300K shares |
Affinity Asset Advisors, LLC | 1.11%250K shares |
RBF Capital, LLC | 0.89%200K shares |
Ensign Peak Advisors, Inc | 0.71%159.84K shares |
Stonepine Capital Management, LLC | 0.69%154.6K shares |
ACADIAN ASSET MANAGEMENT LLC | 0.65%146.76K shares |
CITADEL ADVISORS LLC | 0.65%145.05K shares |
BRIDGEWAY CAPITAL MANAGEMENT, LLC | 0.57%128K shares |
GEODE CAPITAL MANAGEMENT, LLC | 0.52%116.74K shares |
HRT FINANCIAL LP | 0.52%116.29K shares |
BlackRock, Inc. | 0.39%88.5K shares |
Percentages use 22.48M 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 29, 2026Form 4 | TANG KEVIN +1TenPercentOwner | BuyCommon Stock · indirect | 777 | $2.48 | $1.9K | 2.53M |
| Jun 29, 2026Form 4 | TANG KEVIN +1TenPercentOwner | BuyCommon Stock · indirect | 64.0K | $2.47 | $158.0K | 2.53M |
| Jun 26, 2026Form 4 | TANG KEVIN +1TenPercentOwner | BuyCommon Stock · indirect | 134 | $2.54 | $340.36 | 2.47M |
| Jun 26, 2026Form 4 | TANG KEVIN +1TenPercentOwner | BuyCommon Stock · indirect | 75.0K | $2.55 | $191.4K | 2.47M |
| Jun 25, 2026Form 4 | TANG KEVIN +1TenPercentOwner | BuyCommon Stock · indirect | 510 | $2.56 | $1.3K | 2.39M |