Revenue
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.46B | $2.01B | $1.68B | $1.28B | $873.8M | $590.4M | $421.7M | $267.0M | $166.0M | $114.8M | $65.3M |
| Gross profit | $1.77B | $1.47B | $1.26B | $934.7M | $614.3M | $413.3M | $296.4M | $193.4M | $123.2M | $84.9M | $44.4M |
| Gross margin | 71.75% | 73.32% | 74.78% | 72.80% | 70.30% | 70.01% | 70.28% | 72.45% | 74.19% | 73.98% | 68.04% |
| Research & development | $716.3M | $596.8M | $515.9M | $421.7M | $308.8M | $205.2M | $149.0M | $89.9M | $62.2M | $51.8M | $43.5M |
| Operating expenses | $1.90B | $1.69B | $1.49B | $1.28B | $903.7M | $622.6M | $444.2M | $291.2M | $208.1M | $154.3M | $117.1M |
| Operating income | −$137.0M | −$216.1M | −$233.7M | −$346.7M | −$289.4M | −$209.3M | −$147.9M | −$97.8M | −$84.9M | −$69.3M | −$72.7M |
| Operating margin | −5.56% | −10.77% | −13.89% | −27.00% | −33.12% | −35.45% | −35.06% | −36.61% | −51.12% | −60.39% | −111.44% |
| EBITDA | −$114.6M | −$204.3M | −$214.8M | −$330.5M | −$275.7M | −$195.1M | −$135.1M | −$92.0M | −$81.2M | −$65.6M | −$68.7M |
| EBITDA margin | −4.65% | −10.18% | −12.76% | −25.74% | −31.55% | −33.05% | −32.03% | −34.44% | −48.89% | −57.12% | −105.22% |
| Net income | −$71.2M | −$129.1M | −$176.6M | −$345.4M | −$306.9M | −$266.9M | −$175.5M | −$99.0M | −$84.0M | −$70.1M | −$73.5M |
| Net profit margin | −2.89% | −6.43% | −10.49% | −26.90% | −35.12% | −45.22% | −41.62% | −37.08% | −50.58% | −61.03% | −112.59% |
| Basic EPSper basic share | -$0.88 | -$1.73 | -$2.48 | -$5.03 | -$4.75 | -$4.53 | -$3.14 | -$1.90 | -$3.54 | -$5.74 | -$6.54 |
| Diluted EPSper diluted share | -$0.88 | -$1.73 | -$2.48 | -$5.03 | -$4.75 | -$4.53 | -$3.14 | -$1.90 | -$3.54 | -$5.74 | -$6.54 |
Reported shareholders
| Holder | % owned |
|---|---|
BlackRock, Inc. | ≈7.89%6.34M shares |
VANGUARD PORTFOLIO MANAGEMENT LLC | ≈5.57%4.48M shares |
FMR LLC | ≈4.55%3.66M shares |
VANGUARD CAPITAL MANAGEMENT LLC | ≈4.35%3.5M shares |
MERRIMAN DWIGHT A | ≈3.13%2.52M shares |
DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main | ≈3.13%2.51M shares |
PRICE T ROWE ASSOCIATES INC /MD/ | ≈2.58%2.07M shares |
STATE STREET CORP | ≈2.40%1.93M shares |
GEODE CAPITAL MANAGEMENT, LLC | ≈1.93%1.55M shares |
AQR CAPITAL MANAGEMENT LLC | ≈1.87%1.5M shares |
NORGES BANK | ≈1.75%1.4M shares |
MASSACHUSETTS FINANCIAL SERVICES CO /MA/ | ≈1.57%1.26M shares |
UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | ≈1.45%1.17M shares |
FIL Ltd | ≈1.32%1.06M shares |
Invesco Ltd. | ≈1.28%1.03M shares |
MORGAN STANLEY | ≈1.27%1.02M shares |
Capital World Investors | ≈1.26%1.02M shares |
VOYA INVESTMENT MANAGEMENT LLC | ≈1.09%873.25K shares |
PRIMECAP MANAGEMENT CO/CA/ | ≈1.05%846K shares |
Harel Insurance Investments & Financial Services Ltd. | ≈0.92%739.46K shares |
Percentages use 80.43M shares of this listed class outstanding on May 27, 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 |
|---|---|---|---|---|---|---|
| Jun 17, 2026Form 4 · 10b5-1 | Cochran Hope FDirector | SellCommon Stock | 1.6K | $344.05 | $538.8K | 25.4K |
| Jun 16, 2026Form 4 · 10b5-1 | BERRY MICHAEL JChief Financial Officer | SellCommon Stock · indirect | 3 | $363.87 | $1.1K | 1.5K |
| Jun 16, 2026Form 4 · 10b5-1 | BERRY MICHAEL JChief Financial Officer | SellCommon Stock · indirect | 134 | $363.07 | $48.7K | 1.5K |
| Jun 16, 2026Form 4 · 10b5-1 | BERRY MICHAEL JChief Financial Officer | SellCommon Stock · indirect | 105 | $362.22 | $38.0K | 1.6K |
| Jun 16, 2026Form 4 · 10b5-1 | BERRY MICHAEL JChief Financial Officer | SellCommon Stock · indirect | 29 | $360.67 | $10.5K | 1.7K |
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