Revenue
2023
2024
2025
| 2025 | 2024 | 2023 | |
|---|---|---|---|
| Revenue | $506.9M | $340.9M | $209.5M |
| Research & development | $64.9M | $62.7M | $49.2M |
| Operating expenses | $389.3M | $331.6M | $259.0M |
| Operating income | $117.5M | $9.2M | −$49.4M |
| Operating margin | 23.19% | 2.71% | −23.59% |
| EBITDA | $178.8M | $95.6M | $16.2M |
| EBITDA margin | 35.28% | 28.05% | 7.75% |
| Net income | $133.9M | $17.2M | −$47.9M |
| Net profit margin | 26.41% | 5.05% | −22.88% |
| Basic EPSper basic share | $0.54 | $0.00 | -$0.93 |
| Diluted EPSper diluted share | $0.44 | $0.00 | -$0.93 |
Reported shareholders
| Holder | % owned |
|---|---|
DCM International VIII, Ltd. / DCM Investment Management VIII, L.P. / DCM Affiliates Fund VIII, L.P. / DCM Opportunity Fund International III, Ltd. / DCM Opportunity Fund III, L.P. / DCM Opportunity Fund Investment Management III, L.P. / DCM VIII, L.P. / DCM Ventures China Fund (DCM VIII), L.P. | ≈9.32%16.66M shares |
JPMORGAN CHASE & CO | 6.30%11.27M shares |
Ribbit Management Company, LLC | 6.29%11.25M shares |
FMR LLC | 5.42%9.69M shares |
Cagney Michael Scott | ≈3.44%6.15M shares |
Ou June | ≈3.44%6.15M shares |
BlackRock, Inc. | 2.81%5.03M shares |
FRED ALGER MANAGEMENT, LLC | 2.80%5.01M shares |
Morgan Creek Capital Management, LLC | 2.48%4.44M shares |
VANGUARD PORTFOLIO MANAGEMENT LLC | 2.40%4.3M shares |
BIT Capital GmbH | 2.14%3.83M shares |
VANGUARD CAPITAL MANAGEMENT LLC | 2.12%3.79M shares |
MORGAN STANLEY | 2.10%3.75M shares |
CITADEL ADVISORS LLC | 2.00%3.57M shares |
Boyden Adam Gilbert | ≈1.82%3.25M shares |
Orland Properties Ltd | 1.40%2.5M shares |
North Peak Capital Management, LLC | 1.29%2.31M shares |
J Digital 6 LLC | 1.25%2.23M shares |
ALLIANCEBERNSTEIN L.P. | 1.19%2.13M shares |
Slate Path Capital LP | 1.12%2M shares |
Percentages use 178.79M 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 24, 2026Form 4 · 10b5-1 | Kgil MinchungChief Financial Officer | SellClass A Common Stock | 64 | $29.01 | $1.9K | 503.7K |
| Jun 24, 2026Form 4 · 10b5-1 | Kgil MinchungChief Financial Officer | SellClass A Common Stock | 704 | $28.64 | $20.2K | 503.7K |
| Jun 24, 2026Form 4 · 10b5-1 | Kgil MinchungChief Financial Officer | SellClass A Common Stock | 3.2K | $27.40 | $88.6K | 504.4K |
| Jun 15, 2026Form 4 | Kgil MinchungChief Financial Officer | SellClass A Common Stock | 9.1K | $30.06 | $274.1K | 507.7K |
| May 26, 2026Form 4 · 10b5-1 | Kgil MinchungChief Financial Officer | SellClass A Common Stock | 1.4K | $36.59 | $50.7K | 540.1K |