Revenue
2023
2024
2025
| 2025 | 2024 | 2023 | |
|---|---|---|---|
| Revenue | $179.6M | $142.2M | $98.1M |
| Operating expenses | $525.2M | $308.0M | $409.7M |
| Operating income | −$345.7M | −$165.8M | −$311.6M |
| Operating margin | −192.49% | −116.64% | −317.51% |
| EBITDA | −$314.9M | −$132.9M | −$279.4M |
| EBITDA margin | −175.38% | −93.46% | −284.68% |
| Net income | −$582.8M | −$158.5M | −$319.7M |
| Net profit margin | −324.56% | −111.52% | −325.74% |
| Basic EPSper basic share | -$15.52 | -$32.24 | -$66.25 |
| Diluted EPSper diluted share | -$15.52 | -$32.24 | -$66.25 |
Reported shareholders
| Holder | % owned |
|---|---|
Winklevoss Cameron Howard / Winklevoss Tyler Howard / Winklevoss Capital Fund, LLC | ≈13.67%7.14M shares |
ParaFi Capital LP | 6.56%3.43M shares |
BlackRock, Inc. | 5.45%2.85M shares |
Beard Marshall Edmund | ≈2.88%1.51M shares |
MARSHALL WACE, LLP | 2.75%1.44M shares |
MORGAN STANLEY | 2.45%1.28M shares |
VANGUARD CAPITAL MANAGEMENT LLC | 2.43%1.27M shares |
GEODE CAPITAL MANAGEMENT, LLC | 2.30%1.2M shares |
Meade Tyler Roberts | ≈2.05%1.07M shares |
Commonwealth Bank of Australia | 1.37%714.28K shares |
STATE STREET CORP | 1.27%662.1K shares |
UBS Group AG | 1.08%565.4K shares |
Morgan Creek Capital Management, LLC | 1.08%562.23K shares |
Chen Daniel N. | ≈1.03%535.71K shares |
CITADEL ADVISORS LLC | 0.72%375.59K shares |
NORTHERN TRUST CORP | 0.67%351.35K shares |
MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. | 0.59%309.36K shares |
VANGUARD PORTFOLIO MANAGEMENT LLC | 0.53%276.3K shares |
TUDOR INVESTMENT CORP ET AL | 0.52%272.42K shares |
SUSQUEHANNA INTERNATIONAL GROUP, LLP | 0.49%253.93K shares |
Percentages use 52.24M 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 |
|---|---|---|---|---|---|---|
| May 20, 2026Form 4 | Stojanovic DanijelaInterim CFO | SellClass A Common Stock | 11.7K | $5.05 | $59.1K | 181.8K |
| Mar 11, 2026Form 4 | Jaitly Sachin ChandDirector | SellClass A Common Stock · indirect | 4.0K | $9.92 | $39.6K | 0 |
| Mar 11, 2026Form 4 | Jaitly Sachin ChandDirector | SellClass A Common Stock · indirect | 35.7K | $8.81 | $314.6K | 4.0K |
| Sep 15, 2025Form 4 | Meade Tyler RobertsChief Legal Officer | SellClass A Common Stock | 199.5K | $26.25 | $5.24M | 1.29M |
| Sep 15, 2025Form 4 | Beard Marshall EdmundChief Operating Officer | SellClass A Common Stock | 258.9K | $26.25 | $6.80M | 1.73M |