Revenue
2020
2021
2022
2023
2024
2025
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
| Revenue | $31.8M | $23.1M | $7.6M | $6.2M | $0 | $0 |
| Gross profit | $6.1M | −$2.0M | −$55.4M | −$17.0M | −$2.0M | −$3.4M |
| Gross margin | 19.19% | −8.86% | −724.97% | −274.70% | — | — |
| Research & development | $110.3M | $124.5M | $88.4M | $58.1M | $37.9M | $14.4M |
| Operating expenses | $183.4M | $240.6M | $174.8M | $114.9M | $67.6M | $20.2M |
| Operating income | −$177.3M | −$242.7M | −$230.3M | −$132.0M | −$69.5M | −$23.5M |
| Operating margin | −557.03% | −1,051.70% | −3,012.23% | −2,128.01% | — | — |
| EBITDA | −$142.1M | −$197.7M | −$196.2M | −$124.0M | −$68.0M | −$23.0M |
| EBITDA margin | −446.69% | −856.84% | −2,567.32% | −1,999.47% | — | — |
| Net income | −$156.7M | −$222.2M | −$214.1M | −$51.6M | −$125.9M | −$39.6M |
| Net profit margin | −492.57% | −963.17% | −2,800.51% | −832.34% | — | — |
| Basic EPSper basic share | -$0.75 | -$1.19 | -$1.27 | -$0.34 | -$1.07 | -$0.49 |
| Diluted EPSper diluted share | -$0.75 | -$1.19 | -$1.30 | -$0.82 | -$1.07 | -$0.49 |
Reported shareholders
Reported holdings Number of shares
| Holder | Shares held |
|---|---|
BlackRock, Inc. | 16.48M |
VANGUARD CAPITAL MANAGEMENT LLC | 8.49M |
VANGUARD PORTFOLIO MANAGEMENT LLC | 8.37M |
UBS Group AG | 5.31M |
GEODE CAPITAL MANAGEMENT, LLC | 5.18M |
Electron Capital Partners, LLC | 4.79M |
STATE STREET CORP | 4.72M |
MORGAN STANLEY | 3.47M |
Talluri Rajendra K | 3.04M |
ROYAL BANK OF CANADA | 2.5M |
FRED ALGER MANAGEMENT, LLC | 2.1M |
SUSQUEHANNA INTERNATIONAL GROUP, LLP | 2.1M |
CenterBook Partners LP | 2.04M |
MASTERS CAPITAL MANAGEMENT LLC | 2M |
NORTHERN TRUST CORP | 1.7M |
GOLDMAN SACHS GROUP INC | 1.67M |
TUDOR INVESTMENT CORP ET AL | 1.67M |
CHARLES SCHWAB INVESTMENT MANAGEMENT INC | 1.65M |
CITADEL ADVISORS LLC | 1.59M |
Connor, Clark & Lunn Investment Management Ltd. | 1.43M |
Bars compare reported share counts. A matching total for this share class and reporting period is unavailable, so percentages are not shown.
| Transaction | Insider | Type | Shares | Price | Value | Owned after |
|---|---|---|---|---|---|---|
| Jan 1, 2026Form 4 | Truong KristinaChief Accounting Officer | SellCommon Stock | 2.3K | $7.31 | $16.8K | 196.7K |
| Oct 8, 2025Form 4 · 10b5-1 | Marathe AjayChief Operating Officer | SellCommon Stock | 18.6K | $13.00 | $242.0K | 1.00M |
| Oct 2, 2025Form 4 · 10b5-1 | Marathe AjayChief Operating Officer | SellCommon Stock | 120.0K | $12.01 | $1.44M | 1.03M |
| Aug 29, 2025Form 4 | Rodgers Thurman JDirector,TenPercentOwner | SellWarrant (Right to Buy) · derivative · indirect | 1.26M | $0.60 | $755.5K | 0 |
| Aug 28, 2025Form 4 | Truong KristinaChief Accounting Officer | SellWarrant (Right to Buy) · derivative | 4.4K | $1.62 | $7.1K | 0 |