Revenue
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 | $146.1M | $145.2M | $146.0M | $157.1M | $209.8M | $108.1M | $40.9M | $30.3M | $1.6M | $154,000 | $250,000 | $229,000 | $387,000 | $634,000 | $152,000 | — | — |
| Research & development | $125.6M | $143.2M | $138.8M | $148.7M | $160.8M | $150.8M | $122.3M | $161.4M | $107.3M | $86.9M | $97.7M | $60.1M | $28.5M | $14.1M | $8.6M | — | — |
| Operating expenses | $236.8M | $264.7M | $275.6M | $299.3M | $308.1M | $279.9M | $230.2M | $210.2M | $132.1M | $110.9M | $119.3M | $76.1M | $34.3M | $16.5M | $10.5M | — | — |
| Operating income | −$90.7M | −$119.4M | −$129.5M | −$142.2M | −$98.3M | −$171.8M | −$189.3M | −$179.9M | −$130.5M | −$110.7M | −$119.1M | −$75.8M | −$34.0M | −$15.9M | −$10.3M | — | — |
| Operating margin | −62.10% | −82.24% | −88.71% | −90.53% | −46.84% | −159.00% | −462.85% | −592.97% | −8,133.21% | −71,903.90% | −47,630.40% | −33,120.52% | −8,772.61% | −2,506.31% | −6,783.55% | — | — |
| EBITDA | −$90.4M | −$119.1M | −$129.0M | −$141.6M | −$97.5M | −$170.9M | −$188.3M | −$179.1M | −$129.8M | −$110.0M | −$118.4M | −$75.5M | −$33.8M | −$15.8M | −$10.2M | — | — |
| EBITDA margin | −61.90% | −82.01% | −88.34% | −90.14% | −46.46% | −158.10% | −460.47% | −590.55% | −8,088.79% | −71,438.31% | −47,376.80% | −32,979.48% | −8,735.40% | −2,487.07% | −6,728.95% | — | — |
| Net income | −$196.0M | −$76.4M | −$143.1M | −$165.3M | −$124.1M | −$196.3M | −$199.6M | −$178.4M | −$129.0M | −$109.6M | −$118.2M | −$75.8M | −$33.9M | −$15.9M | — | — | — |
| Net profit margin | −134.21% | −52.62% | −97.99% | −105.23% | −59.14% | −181.59% | −488.08% | −588.10% | −8,036.39% | −71,153.90% | −47,272.40% | −33,090.39% | −8,771.83% | −2,505.99% | — | — | — |
| Basic EPSper basic share | -$17.93 | -$9.41 | -$18.79 | -$30.30 | -$24.75 | -$40.80 | -$48.30 | -$47.10 | -$42.15 | -$43.80 | -$49.80 | -$36.45 | -$83.85 | -$134.25 | -$154.05 | — | — |
| Diluted EPSper diluted share | -$17.93 | -$14.00 | -$18.79 | -$30.30 | -$24.75 | -$40.80 | -$48.30 | -$47.10 | -$42.15 | -$43.80 | -$49.80 | -$36.45 | -$83.85 | -$134.25 | -$154.05 | — | — |
Reported shareholders
| Holder | % owned |
|---|---|
RA CAPITAL MANAGEMENT, L.P. | 8.45%1.92M shares |
ADAGE CAPITAL PARTNERS GP, L.L.C. | 6.71%1.52M shares |
ACORN CAPITAL ADVISORS, LLC | 6.69%1.52M shares |
GOLDMAN SACHS GROUP INC | 6.28%1.42M shares |
BlackRock, Inc. | 6.26%1.42M shares |
Kalehua Capital Management LLC | 6.05%1.37M shares |
VANGUARD CAPITAL MANAGEMENT LLC | 4.23%958.98K shares |
Catalio Capital Management, LP | 4.15%940.86K shares |
Avidity Partners Management LP | 4.08%924.49K shares |
T. Rowe Price Investment Management, Inc. | 3.47%786.31K shares |
TWO SIGMA INVESTMENTS, LP | 3.07%695.26K shares |
NEA Management Company, LLC | 2.54%576.78K shares |
GEODE CAPITAL MANAGEMENT, LLC | 2.34%531.23K shares |
Ghisallo Capital Management LLC | 2.20%500K shares |
Soleus Capital Management, L.P. | 1.94%440K shares |
Mason Michael | ≈1.72%391.05K shares |
UBS Group AG | 1.56%353.55K shares |
STATE STREET CORP | 1.44%325.99K shares |
Affinity Asset Advisors, LLC | 1.38%312.5K shares |
Brevan Howard Capital Management LP | 1.37%309.82K shares |
Percentages use 22.68M 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 14, 2026Form 4 | Poulton StuartEVP, Chief Development Officer | SellCommon Stock | 403 | $9.50 | $3.8K | 94.8K |
| May 14, 2026Form 4 | Rangwala ReshmaEVP & Chief Medical Officer | SellCommon Stock | 408 | $9.50 | $3.9K | 56.8K |
| May 14, 2026Form 4 | Cheng Sohanya RoshanEVP & Chief Commercial Officer | SellCommon Stock | 324 | $9.50 | $3.1K | 107.9K |
| May 14, 2026Form 4 | Abate KristinChief Accounting Officer | SellCommon Stock | 53 | $9.50 | $503.50 | 23.8K |
| May 14, 2026Form 4 | Paulson Richard A.President and CEO | SellCommon Stock | 2.2K | $9.50 | $20.9K | 269.7K |