Revenue
2020
2021
2022
2023
2024
2025
2026
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
| Revenue | $738.2M | $593.4M | $471.8M | $355.4M | $238.0M | $150.2M | $96.4M |
| Gross profit | $495.7M | $410.2M | $324.3M | $239.6M | $159.5M | $95.7M | $60.7M |
| Gross margin | 67.15% | 69.13% | 68.73% | 67.41% | 67.02% | 63.71% | 62.97% |
| Research & development | $167.1M | $134.0M | $119.9M | $97.3M | $59.0M | $29.2M | $20.3M |
| Operating expenses | $640.4M | $532.4M | $469.0M | $387.7M | $237.7M | $127.8M | $94.2M |
| Operating income | −$144.8M | −$122.2M | −$144.7M | −$148.1M | −$78.2M | −$32.2M | −$33.5M |
| Operating margin | −19.61% | −20.59% | −30.67% | −41.68% | −32.86% | −21.41% | −34.80% |
| EBITDA | −$125.4M | −$112.0M | −$137.7M | −$143.5M | −$75.4M | −$30.6M | −$32.9M |
| EBITDA margin | −16.99% | −18.88% | −29.19% | −40.38% | −31.69% | −20.35% | −34.13% |
| Net income | −$131.3M | −$103.7M | −$129.2M | −$139.0M | −$76.7M | −$31.8M | −$31.8M |
| Net profit margin | −17.79% | −17.48% | −27.38% | −39.10% | −32.23% | −21.14% | −33.01% |
| Basic EPSper basic share | -$1.22 | -$1.02 | -$1.32 | -$1.47 | -$2.20 | -$1.77 | -$1.96 |
| Diluted EPSper diluted share | -$1.22 | -$1.02 | -$1.32 | -$1.47 | -$2.20 | -$1.77 | -$1.96 |
Reported shareholders
| Holder | % owned |
|---|---|
FMR LLC | ≈15.00%16.89M shares |
Appboy BH LLC / MCG7 Capital Inc. / Binder Clip Holdings LLC | ≈7.67%8.63M shares |
BlackRock, Inc. | ≈7.46%8.4M shares |
ICONIQ Strategic Partners III, L.P. / Griffith William J.G. / ICONIQ Strategic Partners III TT GP, Ltd. / Jacobson Matthew / ICONIQ Strategic Partners III GP, L.P. / ICONIQ Strategic Partners III-B, L.P. / Makan Divesh | ≈7.04%7.93M shares |
VANGUARD PORTFOLIO MANAGEMENT LLC | ≈4.96%5.58M shares |
Agrawal Neeraj | ≈4.63%5.21M shares |
Pictet Asset Management Holding SA | ≈4.48%5.05M shares |
Magnuson William | ≈4.34%4.89M shares |
BATTERY MANAGEMENT CORP. | ≈4.11%4.63M shares |
VANGUARD CAPITAL MANAGEMENT LLC | ≈3.54%3.98M shares |
MILLENNIUM MANAGEMENT LLC | ≈3.36%3.79M shares |
WESTFIELD CAPITAL MANAGEMENT CO LP | ≈2.32%2.62M shares |
GEODE CAPITAL MANAGEMENT, LLC | ≈2.26%2.55M shares |
MANUFACTURERS LIFE INSURANCE COMPANY, THE | ≈2.19%2.47M shares |
STATE STREET CORP | ≈2.13%2.4M shares |
Optimus Prime Fund Management Co., Ltd. | ≈1.78%2.01M shares |
Hyman Jonathan | ≈1.70%1.92M shares |
AMERICAN CENTURY COMPANIES INC | ≈1.59%1.79M shares |
Nuveen, LLC | ≈1.55%1.75M shares |
Solel Partners LP | ≈1.48%1.67M shares |
Percentages use 112.63M shares of this listed class outstanding on May 20, 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 |
|---|---|---|---|---|---|---|
| Apr 9, 2026Form 4 | Wiseman SusanGeneral Counsel | SellClass A Common Stock | 35.0K | $20.29 | $710.1K | 209.4K |
| Apr 6, 2026Form 4 · 10b5-1 | Winkles IsabelleChief Financial Officer | SellClass A Common Stock | 8.3K | $23.31 | $192.9K | 462.5K |
| Feb 19, 2026Form 4 · 10b5-1 | Wiseman SusanGeneral Counsel | SellClass A Common Stock | 4.2K | $17.03 | $71.0K | 209.9K |
| Feb 18, 2026Form 4 · 10b5-1 | Malik AsthaChief Business Officer | SellClass A Common Stock | 14.0K | $16.93 | $237.8K | 205.3K |
| Feb 18, 2026Form 4 · 10b5-1 | Wiseman SusanGeneral Counsel | SellClass A Common Stock | 5.8K | $16.93 | $97.6K | 214.0K |