Revenue
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 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $3.5M | $6.6M | $3.3M | $3.5M | $1.2M | $466,785 | $213,194 | $205,994 | $183,064 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Research & development | $11.8M | $13.5M | $10.4M | $12.0M | $27.8M | $18.9M | $12.8M | $8.0M | $5.3M | $3.8M | $1.7M | $189,000 | $697,634 | $1.1M | $203,725 | $290,048 | — | — | — | — | — | — | — | — | — | — |
| Operating expenses | $16.4M | $17.7M | $17.9M | $23.3M | $40.7M | $29.4M | $22.7M | $148.4M | $11.7M | $8.5M | — | — | — | $6.2M | $3.3M | — | — | — | — | — | — | — | — | — | — | — |
| Operating income | −$12.9M | −$11.1M | −$14.6M | −$19.8M | −$39.5M | −$28.9M | −$22.5M | −$148.2M | −$11.5M | −$8.5M | −$6.2M | −$3.4M | −$2.7M | — | −$3.3M | −$5.5M | — | — | — | — | — | — | — | — | — | — |
| Operating margin | −363.45% | −168.69% | −440.37% | −563.28% | −3,179.32% | −6,188.25% | −10,567.28% | −71,930.07% | −6,271.05% | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| EBITDA | −$12.4M | −$11.1M | −$11.3M | −$17.0M | −$37.3M | −$28.4M | −$22.4M | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| EBITDA margin | −350.68% | −168.69% | −340.37% | −483.90% | −3,006.26% | −6,084.21% | −10,517.97% | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Net income | −$12.2M | −$10.7M | −$8.2M | −$29.9M | −$41.9M | −$28.7M | −$21.4M | −$148.0M | −$11.0M | −$2.5M | −$34.1M | −$30.9M | −$5.5M | −$5.9M | −$2.0M | −$3.5M | −$17.3M | −$2.2M | −$3.9M | −$1.3M | −$985,599 | −$2.7M | −$5.8M | −$2.3M | −$671,986 | −$935,332 |
| Net profit margin | −342.96% | −162.82% | −248.76% | −851.87% | −3,372.68% | −6,149.74% | −10,050.92% | −71,826.32% | −5,999.09% | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Basic EPSper basic share | -$0.79 | -$1.19 | -$0.94 | -$3.58 | -$5.47 | -$6.10 | -$4.70 | -$77.50 | -$11.60 | -$3.60 | -$93.00 | -$20.00 | -$48.70 | -$94.20 | -$0.40 | -$0.90 | — | — | — | — | — | — | — | — | — | — |
| Diluted EPSper diluted share | -$0.79 | -$1.19 | -$0.94 | -$3.58 | -$5.47 | -$6.10 | -$4.70 | -$77.50 | -$11.60 | -$7.20 | -$93.00 | -$20.00 | -$48.70 | -$94.20 | -$0.40 | -$0.90 | — | — | — | — | — | — | — | — | — | — |
Reported shareholders
| Holder | % owned |
|---|---|
NEA Partners 16, L.P. / Florence Anthony A. Jr. / Makhzoumi Mohamad / NEA 16 GP, LLC / BASKETT FOREST / SANDELL SCOTT D / New Enterprise Associates 16, L.P. / Behbahani Ali / Chang Carmen / Walker Paul Edward | —1.63M shares |
NEA Management Company, LLC | 9.73%1.63M shares |
Blue Owl Capital Holdings LP | 3.32%554.25K shares |
VANGUARD CAPITAL MANAGEMENT LLC | 2.55%426.17K shares |
ELMS STEVE | —328.34K shares |
Aisling Capital Management LP | 1.95%325.37K shares |
RENAISSANCE TECHNOLOGIES LLC | 1.49%249.42K shares |
GEODE CAPITAL MANAGEMENT, LLC | 0.84%139.82K shares |
OSAIC HOLDINGS, INC. | 0.67%112.65K shares |
VANGUARD FIDUCIARY TRUST CO | 0.52%87.27K shares |
LPL Financial LLC | 0.50%83.15K shares |
Concurrent Investment Advisors, LLC | 0.41%67.96K shares |
TWO SIGMA INVESTMENTS, LP | 0.36%60.2K shares |
XTX Topco Ltd | 0.27%45.36K shares |
NORTHERN TRUST CORP | 0.21%34.63K shares |
CITADEL ADVISORS LLC | 0.19%32.52K shares |
STATE STREET CORP | 0.13%20.95K shares |
Invst, LLC | 0.11%18K shares |
Creative Planning | 0.10%17.31K shares |
JANE STREET GROUP, LLC | 0.10%16.83K shares |
Percentages use 16.7M 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 |
|---|---|---|---|---|---|---|
| Dec 23, 2024Form 4 | ELMS STEVEDirector | BuyCommon Stock · indirect | 11.1K | $3.20 | $35.5K | 325.4K |
| Dec 23, 2024Form 4 | NEA Partners 16, L.P. +9TenPercentOwner | BuyCommon Stock | 554.3K | $3.20 | $1.77M | 1.63M |