Revenue
2017
2018
2019
2020
2021
2022
2023
2024
2025
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | $3.43B | $2.68B | $2.13B | $1.68B | $1.03B | $603.5M | $362.8M | $198.1M | $100.8M |
| Gross profit | $2.74B | $2.17B | $1.72B | $1.33B | $794.5M | $473.3M | $273.8M | $151.5M | $77.3M |
| Gross margin | 79.96% | 80.79% | 80.74% | 79.30% | 77.23% | 78.43% | 75.48% | 76.51% | 76.76% |
| Research & development | $1.55B | $1.15B | $962.4M | $752.4M | $419.8M | $210.6M | $111.4M | $55.2M | $24.7M |
| Operating expenses | $2.78B | $2.11B | $1.75B | $1.39B | $813.7M | $487.0M | $294.0M | $162.6M | $80.3M |
| Operating income | −$44.4M | $54.3M | −$33.5M | −$58.7M | −$19.2M | −$13.8M | −$20.1M | −$11.0M | −$3.0M |
| Operating margin | −1.29% | 2.02% | −1.57% | −3.50% | −1.86% | −2.28% | −5.55% | −5.57% | −2.93% |
| EBITDA | $4.8M | $102.8M | $2.1M | −$31.7M | −$656,000 | $727,000 | −$8.5M | −$5.5M | −$756,000 |
| EBITDA margin | 0.14% | 3.83% | 0.10% | −1.89% | −0.06% | 0.12% | −2.35% | −2.79% | −0.75% |
| Net income | $107.7M | $183.7M | $48.6M | −$50.2M | −$20.7M | −$24.5M | −$16.7M | −$10.8M | −$2.6M |
| Net profit margin | 3.14% | 6.85% | 2.28% | −2.99% | −2.02% | −4.07% | −4.61% | −5.43% | −2.55% |
| Basic EPSper basic share | $0.31 | $0.55 | $0.15 | -$0.16 | -$0.07 | -$0.08 | -$0.12 | -$0.15 | -$0.04 |
| Diluted EPSper diluted share | $0.31 | $0.52 | $0.14 | -$0.16 | -$0.07 | -$0.08 | -$0.12 | -$0.15 | -$0.04 |
Reported shareholders
| Holder | % owned |
|---|---|
BlackRock, Inc. | 10.63%35.55M shares |
VANGUARD CAPITAL MANAGEMENT LLC | 6.46%21.6M shares |
FMR LLC | 5.91%19.76M shares |
VANGUARD PORTFOLIO MANAGEMENT LLC | 5.25%17.56M shares |
STATE STREET CORP | 4.40%14.71M shares |
Invesco Ltd. | 3.95%13.23M shares |
PRICE T ROWE ASSOCIATES INC /MD/ | 3.18%10.64M shares |
GEODE CAPITAL MANAGEMENT, LLC | 2.85%9.54M shares |
Jupiter Topco LLC | 2.08%6.94M shares |
JENNISON ASSOCIATES LLC | 2.05%6.86M shares |
MORGAN STANLEY | 1.39%4.64M shares |
JPMORGAN CHASE & CO | 1.33%4.45M shares |
GOLDMAN SACHS GROUP INC | 1.29%4.33M shares |
NORGES BANK | 1.22%4.07M shares |
AMERICAN CENTURY COMPANIES INC | 1.12%3.75M shares |
WELLINGTON MANAGEMENT GROUP LLP | 0.99%3.3M shares |
T. Rowe Price Investment Management, Inc. | 0.93%3.1M shares |
NORTHERN TRUST CORP | 0.88%2.93M shares |
FIRST TRUST ADVISORS LP | 0.83%2.78M shares |
Bank of New York Mellon Corp | 0.83%2.77M shares |
Percentages use 334.44M 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 25, 2026Form 4 · 10b5-1 | Agarwal AmitDirector | SellClass A Common Stock · indirect | 515 | $223.23 | $115.0K | 1.6K |
| Jun 25, 2026Form 4 · 10b5-1 | Agarwal AmitDirector | SellClass A Common Stock · indirect | 3.9K | $222.16 | $867.1K | 2.2K |
| Jun 25, 2026Form 4 · 10b5-1 | Agarwal AmitDirector | SellClass A Common Stock · indirect | 3.9K | $221.19 | $872.8K | 6.1K |
| Jun 25, 2026Form 4 · 10b5-1 | Agarwal AmitDirector | SellClass A Common Stock · indirect | 5.4K | $220.28 | $1.20M | 10.0K |
| Jun 25, 2026Form 4 · 10b5-1 | Agarwal AmitDirector | SellClass A Common Stock · indirect | 2.3K | $219.25 | $499.2K | 15.4K |