Revenue
2018
2019
2020
2021
2022
2023
2024
2025
2026
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | $4.81B | $3.95B | $3.06B | $2.24B | $1.45B | $874.4M | $481.4M | $249.8M | $118.8M |
| Gross profit | $3.59B | $2.96B | $2.30B | $1.64B | $1.07B | $644.9M | $339.8M | $162.6M | $64.3M |
| Gross margin | 74.67% | 74.96% | 75.16% | 73.17% | 73.60% | 73.75% | 70.58% | 65.08% | 54.12% |
| Research & development | $1.38B | $1.08B | $780.3M | $608.4M | $371.3M | $214.7M | $130.2M | $84.6M | $58.9M |
| Operating expenses | $3.89B | $3.08B | $2.32B | $1.83B | $1.21B | $737.4M | $485.9M | $299.4M | $195.7M |
| Operating income | −$293.3M | −$116.4M | −$19.1M | −$190.1M | −$142.5M | −$92.5M | −$146.1M | −$136.9M | −$131.4M |
| Operating margin | −6.10% | −2.94% | −0.63% | −8.48% | −9.82% | −10.58% | −30.34% | −54.78% | −110.68% |
| EBITDA | $182.5M | $298.8M | $276.7M | −$40.8M | — | — | — | — | — |
| EBITDA margin | 3.79% | 7.56% | 9.06% | −1.82% | — | — | — | — | — |
| Net income | −$162.5M | −$15.2M | $72.2M | −$183.2M | −$234.8M | −$92.6M | −$141.8M | −$140.1M | −$135.5M |
| Net profit margin | −3.38% | −0.39% | 2.36% | −8.18% | −16.18% | −10.59% | −29.45% | −56.07% | −114.09% |
| Basic EPSper basic share | -$0.16 | -$0.02 | $0.08 | -$0.20 | -$0.26 | -$0.11 | -$0.24 | -$0.78 | -$0.85 |
| Diluted EPSper diluted share | -$0.16 | -$0.02 | $0.08 | -$0.20 | -$0.26 | -$0.11 | -$0.24 | -$0.78 | -$0.85 |
Reported shareholders
| Holder | % owned |
|---|---|
BlackRock, Inc. | ≈8.58%21.85M shares |
VANGUARD CAPITAL MANAGEMENT LLC | ≈6.37%16.21M shares |
STATE STREET CORP | ≈4.55%11.58M shares |
Invesco Ltd. | ≈3.30%8.39M shares |
JPMORGAN CHASE & CO | ≈3.21%8.17M shares |
FMR LLC | ≈3.08%7.85M shares |
MORGAN STANLEY | ≈2.55%6.49M shares |
GEODE CAPITAL MANAGEMENT, LLC | ≈2.39%6.08M shares |
VANGUARD PORTFOLIO MANAGEMENT LLC | ≈2.34%5.96M shares |
GANDHI SAMEER K | ≈1.82%4.64M shares |
PRICE T ROWE ASSOCIATES INC /MD/ | ≈1.69%4.31M shares |
JENNISON ASSOCIATES LLC | ≈1.48%3.76M shares |
NORGES BANK | ≈1.44%3.67M shares |
BANK OF AMERICA CORP /DE/ | ≈0.96%2.44M shares |
NORTHERN TRUST CORP | ≈0.92%2.35M shares |
GOLDMAN SACHS GROUP INC | ≈0.87%2.21M shares |
D. E. Shaw & Co., Inc. | ≈0.84%2.13M shares |
Kurtz George | ≈0.82%2.08M shares |
CHARLES SCHWAB INVESTMENT MANAGEMENT INC | ≈0.78%1.99M shares |
FIRST TRUST ADVISORS LP | ≈0.75%1.9M shares |
Percentages use 254.56M shares of this listed class outstanding on May 28, 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 26, 2026Form 4 · 10b5-1 | Kurtz GeorgePRESIDENT AND CEO | SellClass A common stock | 13 | $703.56 | $9.1K | 2.08M |
| Jun 26, 2026Form 4 · 10b5-1 | Kurtz GeorgePRESIDENT AND CEO | SellClass A common stock | 39 | $702.65 | $27.4K | 2.08M |
| Jun 26, 2026Form 4 · 10b5-1 | Kurtz GeorgePRESIDENT AND CEO | SellClass A common stock | 264 | $701.50 | $185.2K | 2.08M |
| Jun 26, 2026Form 4 · 10b5-1 | Kurtz GeorgePRESIDENT AND CEO | SellClass A common stock | 91 | $700.48 | $63.7K | 2.08M |
| Jun 26, 2026Form 4 · 10b5-1 | Kurtz GeorgePRESIDENT AND CEO | SellClass A common stock | 26 | $698.43 | $18.2K | 2.08M |