Revenue
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $943.7M | $705.1M | $787.6M | $587.4M | $810.5M | $729.3M | $1.12B | $599.7M | $514.2M | $372.8M | $283.7M | $214.2M | $147.3M | $102.0M | $99.1M | $108.5M | $121.6M | $107.2M |
| Gross profit | $927.8M | $693.9M | $778.5M | $573.3M | $799.6M | $717.3M | $1.12B | $597.9M | $514.2M | $372.8M | — | — | — | — | — | — | — | — |
| Gross margin | 98.31% | 98.41% | 98.84% | 97.60% | 98.66% | 98.36% | 99.61% | 99.70% | 100.00% | 100.00% | — | — | — | — | — | — | — | — |
| Research & development | $915.6M | $901.5M | $899.6M | $833.1M | $638.2M | $531.0M | $461.5M | $411.9M | $372.5M | $340.4M | $319.5M | $238.9M | $173.7M | $154.6M | $153.1M | $145.2M | $134.6M | $106.4M |
| Operating expenses | $1.33B | $1.18B | $1.14B | $997.6M | $840.6M | $901.3M | $756.7M | $661.0M | $483.1M | $392.9M | $359.5M | $261.9M | $199.0M | $171.0M | $170.2M | $156.8M | $149.1M | $120.3M |
| Operating income | −$381.7M | −$475.1M | −$353.7M | −$410.2M | −$30.2M | −$172.1M | $365.9M | −$61.4M | $31.0M | −$20.2M | −$75.8M | −$47.7M | −$51.7M | −$68.9M | −$71.1M | −$48.4M | −$27.5M | −$13.1M |
| Operating margin | −40.45% | −67.37% | −44.91% | −69.84% | −3.72% | −23.60% | 32.59% | −10.23% | 6.04% | −5.41% | −26.70% | −22.29% | −35.08% | −67.54% | −71.76% | −44.58% | −22.65% | −12.18% |
| EBITDA | −$369.2M | −$463.1M | −$340.9M | −$393.4M | −$12.3M | −$156.7M | $380.3M | −$48.8M | $39.4M | −$11.1M | −$68.8M | −$41.4M | −$45.1M | −$61.9M | −$64.5M | −$43.5M | −$23.6M | −$10.2M |
| EBITDA margin | −39.13% | −65.68% | −43.28% | −66.99% | −1.52% | −21.48% | 33.88% | −8.15% | 7.66% | −2.98% | −24.24% | −19.31% | −30.60% | −60.61% | −65.10% | −40.12% | −19.41% | −9.51% |
| Net income | −$381.4M | −$453.9M | −$366.3M | −$269.7M | −$28.6M | −$444.3M | $278.1M | $273.7M | $346,000 | −$60.4M | −$88.3M | −$39.0M | −$60.6M | −$65.5M | −$84.8M | −$61.3M | $155.1M | −$18.2M |
| Net profit margin | −40.41% | −64.37% | −46.50% | −45.92% | −3.53% | −60.92% | 24.78% | 45.65% | 0.07% | −16.20% | −31.12% | −18.20% | −41.17% | −64.16% | −85.58% | −56.47% | 127.52% | −16.95% |
| Basic EPSper basic share | -$2.38 | -$3.04 | -$2.56 | -$1.90 | -$0.20 | -$3.18 | $2.00 | $2.09 | $0.15 | -$0.50 | -$0.74 | -$0.33 | -$0.55 | -$0.65 | -$0.85 | -$0.62 | $1.58 | -$0.19 |
| Diluted EPSper diluted share | -$2.38 | -$3.04 | -$2.56 | -$1.90 | -$0.20 | -$3.18 | $1.90 | $2.07 | $0.15 | -$0.50 | -$0.74 | -$0.33 | -$0.55 | -$0.65 | -$0.85 | -$0.62 | $1.58 | -$0.19 |
Reported shareholders
| Holder | % owned |
|---|---|
FMR LLC | 14.87%24.63M shares |
Capital World Investors | 13.08%21.67M shares |
BlackRock, Inc. | 6.46%10.7M shares |
VANGUARD PORTFOLIO MANAGEMENT LLC | 4.75%7.86M shares |
WELLINGTON MANAGEMENT GROUP LLP | 4.62%7.65M shares |
VANGUARD CAPITAL MANAGEMENT LLC | 4.35%7.21M shares |
TWO SIGMA INVESTMENTS, LP | 3.77%6.25M shares |
ROYAL BANK OF CANADA | 3.73%6.18M shares |
STATE STREET CORP | 2.62%4.33M shares |
T. Rowe Price Investment Management, Inc. | 2.39%3.96M shares |
GEODE CAPITAL MANAGEMENT, LLC | 2.16%3.58M shares |
PRICE T ROWE ASSOCIATES INC /MD/ | 1.92%3.18M shares |
JPMORGAN CHASE & CO | 1.61%2.67M shares |
Artisan Partners Limited Partnership | 1.59%2.64M shares |
Tweedy, Browne Co LLC | 1.38%2.28M shares |
Deep Track Capital, LP | 1.33%2.2M shares |
GOLDMAN SACHS GROUP INC | 1.27%2.11M shares |
BAKER BROS. ADVISORS LP | 1.24%2.05M shares |
DEERFIELD MANAGEMENT COMPANY, L.P. | 1.20%1.98M shares |
AMERICAN CENTURY COMPANIES INC | 1.18%1.95M shares |
Percentages use 165.64M shares of this listed class outstanding on Jun 30, 2026.
Gray completes the 100% scale. Reported positions may overlap; holders have different reporting dates.
| Transaction | Insider | Type | Shares | Price | Value | Owned after |
|---|---|---|---|---|---|---|
| Jun 26, 2026Form 4 · 10b5-1 | Baroldi JosephEVP, Chief Business Officer | SellCommon Stock · indirect | 5.6K | $80.16 | $451.7K | 4.7K |
| Jun 26, 2026Form 4 · 10b5-1 | O'NEIL PATRICK R.EVP CLO & General Counsel | SellCommon Stock | 3.1K | $80.00 | $245.5K | 61.5K |
| Jun 26, 2026Form 4 · 10b5-1 | Schneider EugeneEVP, Chf Clinical Develop Ofcr | SellCommon Stock | 26.0K | $81.05 | $2.11M | 77.1K |
| Jun 26, 2026Form 4 · 10b5-1 | Monia Brett PChief Executive Officer | SellCommon Stock | 50.0K | $80.59 | $4.03M | 245.6K |
| Jun 25, 2026Form 4 · 10b5-1 | Monia Brett PChief Executive Officer | SellCommon Stock | 21.1K | $78.49 | $1.65M | 245.6K |