Revenue
2022
2023
2024
2025
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|
| Revenue | $0 | $0 | $0 | $0 | — | — | — |
| Research & development | $17.5M | $70.7M | $93.8M | $61.5M | $42.8M | $13.3M | $3.8M |
| Operating expenses | $34.2M | $96.8M | $126.9M | $88.9M | — | — | — |
| Operating income | −$102.3M | −$100.9M | −$125.5M | −$104.0M | −$64.0M | −$20.0M | −$5.4M |
| EBITDA | −$101.3M | −$99.9M | −$124.5M | −$103.2M | −$63.5M | −$20.0M | −$5.4M |
| Net income | −$105.6M | −$96.9M | −$117.7M | −$95.6M | −$54.9M | −$20.0M | −$5.2M |
| Basic EPSper basic share | -$24.70 | -$25.19 | -$30.90 | -$25.30 | -$14.90 | -$16.70 | -$14.50 |
| Diluted EPSper diluted share | -$24.70 | -$25.19 | -$30.90 | -$25.30 | -$14.90 | -$16.70 | -$14.50 |
Reported shareholders
| Holder | % owned |
|---|---|
PERCEPTIVE ADVISORS LLC | 19.73%1.86M shares |
Kalehua Capital Management LLC | 8.36%787.4K shares |
ADAR1 Capital Management, LLC | 8.25%777.1K shares |
ACORN CAPITAL ADVISORS, LLC | 6.73%634.54K shares |
NEA Management Company, LLC | 4.93%464.4K shares |
Commodore Capital LP | 4.93%464.4K shares |
TCG Crossover Management, LLC | 4.93%464.4K shares |
Spruce Street Capital LP | 4.18%393.7K shares |
Blackstone Inc. | 3.45%324.64K shares |
ADAGE CAPITAL PARTNERS GP, L.L.C. | 3.18%300K shares |
VANGUARD CAPITAL MANAGEMENT LLC | 2.92%275.23K shares |
Seven Fleet Capital Management LP | 1.64%154.15K shares |
Simplify Asset Management Inc. | 1.58%149.28K shares |
Propel Bio Management, LLC | 1.58%149.28K shares |
Gengos Andrew | ≈1.04%97.53K shares |
GEODE CAPITAL MANAGEMENT, LLC | 0.85%80.42K shares |
BlackRock, Inc. | 0.84%79.19K shares |
RENAISSANCE TECHNOLOGIES LLC | 0.82%77.42K shares |
Litton Mark James | ≈0.64%59.89K shares |
VANGUARD FIDUCIARY TRUST CO | 0.45%42.81K shares |
Percentages use 9.42M 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 |
|---|---|---|---|---|---|---|
| Mar 4, 2026Form 4 | Renninger RobertCHIEF FINANCIAL OFFICER | SellCommon Stock | 906 | $5.37 | $4.9K | 15.9K |
| Mar 4, 2026Form 4 | Worthington MarkGENERAL COUNSEL and CCO | SellCommon Stock | 1.3K | $5.37 | $7.1K | 18.4K |
| Mar 4, 2026Form 4 | CHURCH KEVINCHIEF SCIENTIFIC OFFICER | SellCommon Stock | 1.4K | $5.37 | $7.3K | 25.2K |
| Mar 4, 2026Form 4 | San Martin JavierCHIEF MEDICAL OFFICER | SellCommon Stock | 1.7K | $5.37 | $9.2K | 15.9K |
| Mar 4, 2026Form 4 | Litton Mark JamesPRESIDENT and CEO | SellCommon Stock | 5.2K | $5.37 | $27.7K | 57.9K |