Revenue
2023
2024
2025
| 2025 | 2024 | 2023 | |
|---|---|---|---|
| Revenue | $121.6M | $116.3M | $56.2M |
| Operating expenses | $66.3M | $39.5M | $18.5M |
| Operating income | −$7.7M | $30.7M | $7.2M |
| Operating margin | −6.30% | 26.43% | 12.88% |
| EBITDA | −$16.3M | $136.2M | $11.8M |
| EBITDA margin | −13.43% | 117.13% | 21.01% |
| Net income | −$11.4M | $113.0M | $12.8M |
| Net profit margin | −9.34% | 97.15% | 22.76% |
| Basic EPSper basic share | -$0.39 | $4.30 | $0.50 |
| Diluted EPSper diluted share | -$0.39 | $3.52 | $0.41 |
Reported shareholders
| Holder | % owned |
|---|---|
FTX Recovery Trust | 16.68%1.82M shares |
Richardson Jon Paul | ≈7.28%796.18K shares |
Castagnoli Daniel | ≈6.58%719.32K shares |
Gernetzke James | ≈4.39%480.04K shares |
Olivera Matias | ≈3.11%340.1K shares |
Tidal Investments LLC | 3.04%332.79K shares |
McGregor Veronica | ≈2.32%253.58K shares |
VANGUARD CAPITAL MANAGEMENT LLC | 2.13%232.73K shares |
BlackRock, Inc. | 1.64%178.96K shares |
MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. | 1.34%146.83K shares |
VANGUARD PORTFOLIO MANAGEMENT LLC | 0.90%98.56K shares |
Di Giacomo Gerardo | ≈0.73%79.71K shares |
UBS Group AG | 0.71%77.13K shares |
GEODE CAPITAL MANAGEMENT, LLC | 0.61%66.28K shares |
VANGUARD FIDUCIARY TRUST CO | 0.38%41.18K shares |
BANK OF AMERICA CORP /DE/ | 0.31%33.62K shares |
STATE STREET CORP | 0.25%27.56K shares |
CITADEL ADVISORS LLC | 0.24%26.66K shares |
Bank of New York Mellon Corp | 0.22%24.17K shares |
LPL Financial LLC | 0.20%21.41K shares |
Percentages use 10.93M 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 1, 2026Form 4 | Knight MargaretDirector | SellClass A Common Stock | 135 | $6.74 | $909.90 | 12.8K |
| May 1, 2026Form 4 | Knight MargaretDirector | SellClass A Common Stock | 135 | $7.52 | $1.0K | 13.0K |
| Apr 1, 2026Form 4 | Knight MargaretDirector | SellClass A Common Stock | 135 | $6.54 | $882.90 | 13.1K |
| May 14, 2025Form 4 | Olivera MatiasChief Technology Officer | SellClass A Common Stock | 4.9K | $42.00 | $205.3K | 247.4K |
| May 14, 2025Form 4 | Gernetzke JamesChief Financial Officer | SellClass A Common Stock | 800 | $40.75 | $32.6K | 405.1K |