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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $149.5M | $150.0M | $58.7M | $151.9M | $77.4M | $104.9M | $64.2M | $60.1M | $157.7M | $91.9M | $100.9M | $47.8M | $58.0M | $63.8M | $57.2M |
| Gross profit | $149.5M | $149.1M | $58.1M | $148.6M | $74.8M | $104.9M | $64.2M | — | — | — | — | — | — | — | — |
| Gross margin | 100.00% | 99.44% | 98.95% | 97.79% | 96.58% | 100.00% | 100.00% | — | — | — | — | — | — | — | — |
| Research & development | $147.2M | $177.2M | $166.6M | $207.0M | $214.6M | $193.2M | $195.3M | $190.8M | $147.2M | $122.1M | $98.3M | $70.2M | $46.6M | $45.4M | $41.1M |
| Operating expenses | $222.3M | $260.5M | $227.0M | $273.4M | $280.2M | $235.9M | $241.4M | $231.3M | $179.9M | $151.9M | $121.0M | $86.1M | $57.7M | $55.6M | $52.0M |
| Operating income | −$72.8M | −$110.6M | −$168.2M | −$121.4M | −$202.8M | −$131.1M | −$177.2M | −$171.2M | −$22.1M | −$60.0M | −$20.2M | −$38.3M | $366,000 | $8.2M | $5.2M |
| Operating margin | −48.72% | −73.74% | −286.38% | −79.91% | −261.85% | −124.96% | −276.04% | −284.77% | −14.04% | −65.35% | −20.01% | −80.16% | 0.63% | 12.86% | 9.18% |
| EBITDA | −$65.7M | −$103.0M | −$158.6M | −$109.6M | −$191.5M | −$119.1M | −$164.9M | −$162.0M | −$14.9M | −$52.4M | −$17.3M | −$36.5M | $1.6M | $9.2M | $6.3M |
| EBITDA margin | −43.93% | −68.71% | −269.96% | −72.10% | −247.31% | −113.56% | −256.87% | −269.53% | −9.46% | −57.07% | −17.17% | −76.35% | 2.70% | 14.42% | 11.10% |
| Net income | −$74.6M | −$67.0M | −$9.1M | −$119.8M | −$202.1M | −$129.7M | −$151.8M | −$171.5M | −$19.6M | −$58.5M | −$20.1M | −$38.3M | −$261,000 | $8.4M | $6.7M |
| Net profit margin | −49.91% | −44.66% | −15.42% | −78.82% | −260.97% | −123.70% | −236.51% | −285.18% | −12.44% | −63.70% | −19.97% | −80.16% | −0.45% | 13.10% | 11.74% |
| Basic EPSper basic share | -$1.18 | -$1.07 | -$0.15 | -$1.95 | -$3.37 | -$2.47 | — | — | -$0.54 | -$1.69 | -$0.63 | -$1.40 | -$0.04 | $0.00 | $0.00 |
| Diluted EPSper diluted share | -$1.18 | -$1.07 | -$0.15 | -$1.95 | -$3.37 | -$2.47 | — | — | -$0.54 | -$1.69 | -$0.63 | -$1.40 | -$0.04 | $0.00 | $0.00 |
Reported shareholders
| Holder | % owned |
|---|---|
ARMISTICE CAPITAL, LLC | 7.87%5.01M shares |
BlackRock, Inc. | 7.35%4.68M shares |
VANGUARD CAPITAL MANAGEMENT LLC | 4.17%2.66M shares |
RENAISSANCE TECHNOLOGIES LLC | 4.14%2.63M shares |
ACADIAN ASSET MANAGEMENT LLC | 3.99%2.54M shares |
BANK OF AMERICA CORP /DE/ | 3.91%2.49M shares |
TWO SIGMA INVESTMENTS, LP | 3.87%2.47M shares |
MILLENNIUM MANAGEMENT LLC | 3.73%2.37M shares |
WASATCH ADVISORS LP | 3.17%2.02M shares |
RA CAPITAL MANAGEMENT, L.P. | 2.93%1.86M shares |
VANGUARD PORTFOLIO MANAGEMENT LLC | 2.86%1.82M shares |
MACKENZIE FINANCIAL CORP | 2.58%1.64M shares |
MARSHALL WACE, LLP | 2.54%1.62M shares |
GEODE CAPITAL MANAGEMENT, LLC | 2.48%1.58M shares |
Affinity Asset Advisors, LLC | 1.91%1.22M shares |
D. E. Shaw & Co., Inc. | 1.67%1.06M shares |
JACOBS LEVY EQUITY MANAGEMENT, INC | 1.57%1M shares |
Connor, Clark & Lunn Investment Management Ltd. | 1.57%1M shares |
Koenig Scott | ≈1.36%867.24K shares |
STATE STREET CORP | 1.36%863.66K shares |
Percentages use 63.65M 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 |
|---|---|---|---|---|---|---|
| Aug 20, 2025Form 4 | HEIDEN WILLIAM KDirector | BuyCommon Stock | 49.5K | $1.49 | $73.8K | 111.0K |
| Aug 19, 2025Form 4 | HEIDEN WILLIAM KDirector | BuyCommon Stock | 50.5K | $1.52 | $76.8K | 61.5K |
| Feb 15, 2025Form 4 | Smith Beth AnnVP, Controller & Treasurer | SellCommon Stock | 423 | $2.56 | $1.1K | 9.5K |