Revenue
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $296.2M | $351.4M | $442.7M | $410.6M | $413.8M | $389.5M | $428.4M | $346.6M | $298.3M | $274.0M | $149.6M | $76.4M | $22.9M | $150.2M | $65.9M | $43.9M | $34.3M |
| Gross profit | — | — | — | $410.6M | $413.8M | $386.4M | $404.5M | $313.9M | $279.2M | $272.1M | $149.5M | $71.1M | $15.7M | $149.3M | — | — | — |
| Gross margin | — | — | — | 100.00% | 100.00% | 99.19% | 94.43% | 90.55% | 93.60% | 99.32% | 99.99% | 93.08% | 68.52% | 99.36% | — | — | — |
| Research & development | $95.1M | $111.4M | $116.1M | $44.3M | $70.4M | $88.1M | $115.0M | $101.1M | $88.1M | $139.5M | $108.7M | $101.9M | $102.4M | $113.5M | $86.1M | $77.5M | $76.1M |
| Operating expenses | $197.6M | $258.3M | $1.39B | $160.3M | $181.5M | $246.6M | $308.3M | $497.3M | $313.6M | $325.8M | $251.6M | $245.8M | $274.9M | $223.0M | $132.0M | $104.6M | $95.1M |
| Operating income | $98.5M | $93.1M | −$945.4M | $250.3M | $232.3M | $142.9M | $120.1M | −$150.7M | −$15.4M | −$51.9M | −$102.1M | −$169.4M | −$252.0M | −$72.8M | −$66.1M | −$60.8M | −$60.8M |
| Operating margin | 33.26% | 26.50% | −213.54% | 60.97% | 56.13% | 36.70% | 28.04% | −43.47% | −5.15% | −18.93% | −68.26% | −221.58% | −1,101.36% | −48.43% | −100.41% | −138.55% | −177.20% |
| EBITDA | $99.6M | $94.3M | −$944.2M | $251.7M | $233.8M | $145.2M | $125.7M | −$146.8M | −$9.0M | −$41.6M | −$90.5M | −$157.0M | −$240.3M | −$61.4M | −$56.1M | −$54.6M | −$56.1M |
| EBITDA margin | 33.63% | 26.84% | −213.27% | 61.31% | 56.50% | 37.29% | 29.35% | −42.34% | −3.00% | −15.18% | −60.48% | −205.45% | −1,050.10% | −40.89% | −85.23% | −124.51% | −163.32% |
| Net income | $24.0M | $880,000 | −$1.00B | $175.1M | $528.4M | $106.2M | $21.5M | −$282.4M | −$116.9M | −$81.7M | −$142.7M | — | — | −$72.6M | −$64.9M | −$51.9M | −$73.3M |
| Net profit margin | 8.11% | 0.25% | −226.37% | 42.64% | 127.72% | 27.26% | 5.02% | −81.46% | −39.20% | −29.83% | −95.40% | — | — | −48.34% | −98.45% | −118.25% | −213.61% |
| Basic EPSper basic share | $0.15 | $0.01 | -$6.45 | $1.13 | $3.26 | $0.67 | $0.14 | -$1.85 | -$0.78 | -$0.56 | -$1.00 | -$1.39 | -$2.35 | -$0.68 | -$0.65 | -$0.59 | -$10.00 |
| Diluted EPSper diluted share | $0.15 | $0.01 | -$6.45 | $0.96 | $3.21 | $0.66 | $0.14 | -$1.85 | -$0.78 | -$0.56 | -$1.00 | -$1.39 | -$2.35 | -$0.68 | -$0.65 | -$0.59 | -$10.00 |
Reported shareholders
| Holder | % owned |
|---|---|
BlackRock, Inc. | 10.77%17.79M shares |
ARMISTICE CAPITAL, LLC | 8.43%13.93M shares |
Sarissa Capital Management LP | 5.56%9.19M shares |
STATE STREET CORP | 5.33%8.81M shares |
BANK OF AMERICA CORP /DE/ | 5.26%8.68M shares |
RENAISSANCE TECHNOLOGIES LLC | 4.84%7.99M shares |
VANGUARD CAPITAL MANAGEMENT LLC | 4.00%6.61M shares |
AQR CAPITAL MANAGEMENT LLC | 3.91%6.47M shares |
ACADIAN ASSET MANAGEMENT LLC | 3.54%5.85M shares |
VANGUARD PORTFOLIO MANAGEMENT LLC | 3.34%5.51M shares |
GEODE CAPITAL MANAGEMENT, LLC | 2.92%4.83M shares |
TWO SIGMA INVESTMENTS, LP | 2.76%4.56M shares |
MARSHALL WACE, LLP | 2.60%4.29M shares |
JACOBS LEVY EQUITY MANAGEMENT, INC | 2.46%4.07M shares |
GOLDMAN SACHS GROUP INC | 2.01%3.31M shares |
CHARLES SCHWAB INVESTMENT MANAGEMENT INC | 2.00%3.3M shares |
FEDERATED HERMES, INC. | 1.96%3.23M shares |
ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | 1.83%3.02M shares |
DIMENSIONAL FUND ADVISORS LP | 1.53%2.52M shares |
MACKENZIE FINANCIAL CORP | 1.43%2.37M shares |
Percentages use 165.24M 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 16, 2026Form 4 · 10b5-1 | McHugh JulieDirector | SellClass A Common Stock | 21.6K | $3.73 | $80.5K | 250.7K |
| Mar 17, 2026Form 4 | DENNER ALEXANDER JDirector | SellClass A Common Stock · indirect | 5.8K | $3.31 | $19.2K | 9.19M |
| Mar 17, 2026Form 4 | DENNER ALEXANDER JDirector | SellClass A Common Stock · indirect | 6.72M | $3.05 | $20.51M | 9.19M |
| Feb 24, 2026Form 4 | Martini Gregory S.Chief Financial Officer | SellClass A Common Stock | 11.5K | $3.66 | $41.9K | 160.6K |
| Feb 24, 2026Form 4 | John MinardoChief Legal Officer | SellClass A Common Stock | 19.1K | $3.66 | $69.7K | 363.9K |