Revenue
2022
2023
2024
2025
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $0 | $41.1M | $36.1M | $15.8M | — | — | — | — |
| Research & development | $12.8M | $37.4M | $37.0M | $37.5M | $26.4M | $19.4M | $17.6M | $4.9M |
| Operating expenses | $23.6M | $49.4M | $50.6M | $77.8M | $37.8M | $29.5M | $26.7M | $8.6M |
| Operating income | −$23.6M | −$8.3M | −$14.5M | −$62.1M | −$37.8M | −$29.5M | −$26.7M | −$8.6M |
| Operating margin | — | −20.12% | −40.24% | −393.91% | — | — | — | — |
| EBITDA | −$23.5M | −$8.1M | −$14.4M | −$62.0M | −$37.7M | −$29.5M | −$26.7M | −$8.6M |
| EBITDA margin | — | −19.79% | −39.90% | −393.16% | — | — | — | — |
| Net income | −$22.4M | −$8.1M | −$13.3M | −$62.4M | −$39.1M | −$29.8M | −$25.6M | −$13.3M |
| Net profit margin | — | −19.63% | −36.96% | −396.14% | — | — | — | — |
| Basic EPSper basic share | -$0.39 | -$0.23 | -$0.38 | -$1.85 | -$1.36 | -$1.46 | -$1.47 | -$1.09 |
| Diluted EPSper diluted share | -$0.39 | -$0.23 | -$0.38 | -$1.85 | -$1.36 | -$1.46 | -$1.47 | -$1.09 |
Reported shareholders
| Holder | % owned |
|---|---|
Jupiter Topco LLC | 10.24%6.49M shares |
Decheng Capital LLC | 7.01%4.45M shares |
Affinity Asset Advisors, LLC | 6.47%4.1M shares |
ADAR1 Capital Management, LLC | 5.93%3.76M shares |
Aberdeen Group plc | 5.73%3.63M shares |
Woodline Partners LP | 5.52%3.5M shares |
RA CAPITAL MANAGEMENT, L.P. | 4.88%3.1M shares |
STEMPOINT CAPITAL LP | 3.18%2.02M shares |
VANGUARD CAPITAL MANAGEMENT LLC | 2.87%1.82M shares |
Eversept Partners, LP | 2.40%1.52M shares |
ADAGE CAPITAL PARTNERS GP, L.L.C. | 2.19%1.39M shares |
Connelly Stephen | ≈1.20%762.03K shares |
RENAISSANCE TECHNOLOGIES LLC | 1.01%637.62K shares |
Exome Asset Management LLC | 0.87%552.96K shares |
DG Capital Management, LLC | 0.73%463.4K shares |
DIADEMA PARTNERS LP | 0.63%400.28K shares |
GEODE CAPITAL MANAGEMENT, LLC | 0.60%381.18K shares |
Balyasny Asset Management L.P. | 0.54%344.41K shares |
TUDOR INVESTMENT CORP ET AL | 0.50%320.1K shares |
Ikarian Capital, LLC | 0.48%303.56K shares |
Percentages use 63.41M shares of this listed class outstanding on Jun 30, 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 5, 2026Form 4 · 10b5-1 | Zedelmayer ChristineSr. Vice President and COO | SellCommon Stock | 14.6K | $2.93 | $42.7K | 62.6K |
| Jun 5, 2026Form 4 | Connelly StephenPresident and CSO | SellCommon Stock | 31.0K | $2.94 | $91.1K | 762.0K |
| Jun 4, 2026Form 4 | Connelly StephenPresident and CSO | SellCommon Stock | 200.0K | $3.16 | $632.0K | 793.0K |
| May 28, 2026Form 4 · 10b5-1 | Tom PennyPrincipal Accounting Officer | SellCommon Stock | 65.0K | $2.95 | $191.8K | 0 |
| May 28, 2026Form 4 · 10b5-1 | Zedelmayer ChristineSr. Vice President and COO | SellCommon Stock | 30.2K | $2.98 | $90.0K | 62.6K |