Revenue
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2020
2021
2022
2023
2024
2025
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 · Dec 31 | 2020 · Jun 30 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $824.5M | $837.6M | $753.2M | $678.4M | $690.6M | $557.1M | $638.6M | $851.1M | $743.7M | $728.7M | $740.5M | $722.5M | $778.2M | $613.2M | $496.0M | $402.1M | $362.6M | $326.5M |
| Gross profit | $576.6M | $585.4M | $517.0M | $476.4M | — | — | — | — | — | $583.5M | $607.7M | $589.7M | $682.1M | $548.8M | $444.6M | $356.4M | $318.4M | $283.3M |
| Gross margin | 69.93% | 69.89% | 68.64% | 70.22% | — | — | — | — | — | 80.07% | 82.07% | 81.62% | 87.65% | 89.50% | 89.63% | 88.65% | 87.79% | 86.75% |
| Research & development | $106.8M | $113.4M | $88.7M | $85.4M | $81.9M | $73.3M | $77.2M | $85.9M | $70.8M | $74.4M | $70.6M | $75.5M | $67.5M | $53.7M | $42.6M | $27.8M | $21.9M | $17.9M |
| Operating expenses | $963.8M | $708.9M | $1.01B | $819.0M | $881.1M | $846.8M | $870.3M | $843.5M | $621.8M | $684.7M | $587.1M | $588.9M | $503.8M | $385.2M | $315.7M | $244.3M | $227.6M | $200.1M |
| Operating income | −$387.2M | −$123.5M | −$257.4M | −$140.6M | −$190.5M | −$289.7M | −$231.7M | $7.6M | $121.9M | $44.0M | $153.4M | $133.6M | $274.4M | $228.0M | $180.3M | $157.8M | $135.1M | $126.5M |
| Operating margin | −46.96% | −14.74% | −34.17% | −20.73% | −27.58% | −52.00% | −36.28% | 0.89% | 16.39% | 6.04% | 20.72% | 18.49% | 35.26% | 37.18% | 36.35% | 39.24% | 37.25% | 38.73% |
| EBITDA | −$333.5M | −$62.3M | −$195.5M | −$87.9M | −$127.7M | −$253.9M | −$159.7M | $80.6M | $176.3M | $92.3M | $180.2M | $158.6M | $288.2M | $236.9M | $189.4M | $165.0M | $142.2M | $135.9M |
| EBITDA margin | −40.45% | −7.44% | −25.96% | −12.96% | −18.49% | −45.58% | −25.01% | 9.47% | 23.71% | 12.67% | 24.33% | 21.95% | 37.03% | 38.63% | 38.18% | 41.04% | 39.20% | 41.62% |
| Net income | −$365.9M | −$127.3M | −$263.3M | −$112.0M | −$27.2M | −$223.6M | −$199.5M | $4.6M | $133.3M | $17.4M | $117.2M | $79.8M | $176.2M | $147.2M | $112.2M | $100.7M | $152.3M | $84.6M |
| Net profit margin | −44.38% | −15.20% | −34.96% | −16.51% | −3.94% | −40.14% | −31.24% | 0.54% | 17.92% | 2.39% | 15.83% | 11.04% | 22.64% | 24.01% | 22.61% | 25.05% | 42.00% | 25.91% |
| Basic EPSper basic share | -$3.95 | -$1.41 | -$3.18 | -$1.39 | -$0.35 | -$2.99 | -$2.69 | $0.06 | $1.92 | $0.25 | $1.67 | $1.12 | $2.33 | $1.82 | $1.33 | $1.12 | $1.58 | $0.91 |
| Diluted EPSper diluted share | -$3.95 | -$1.41 | -$3.18 | -$1.39 | -$0.35 | -$2.99 | -$2.69 | $0.06 | $1.85 | $0.25 | $1.60 | $1.07 | $2.25 | $1.77 | $1.30 | $1.10 | $1.54 | $0.86 |
Reported shareholders
| Holder | % owned |
|---|---|
BlackRock, Inc. | 11.39%10.89M shares |
MILLENNIUM MANAGEMENT LLC | 6.93%6.62M shares |
Vestal Point Capital, LP | 6.00%5.74M shares |
STATE STREET CORP | 5.21%4.99M shares |
D. E. Shaw & Co., Inc. | 4.79%4.58M shares |
VANGUARD CAPITAL MANAGEMENT LLC | 4.27%4.08M shares |
ACADIAN ASSET MANAGEMENT LLC | 3.27%3.13M shares |
VANGUARD PORTFOLIO MANAGEMENT LLC | 3.22%3.08M shares |
AQR CAPITAL MANAGEMENT LLC | 2.89%2.77M shares |
MORGAN STANLEY | 2.60%2.48M shares |
GEODE CAPITAL MANAGEMENT, LLC | 2.53%2.42M shares |
Assenagon Asset Management S.A. | 2.16%2.06M shares |
GOLDMAN SACHS GROUP INC | 2.15%2.06M shares |
JACOBS LEVY EQUITY MANAGEMENT, INC | 1.98%1.89M shares |
CHARLES SCHWAB INVESTMENT MANAGEMENT INC | 1.82%1.74M shares |
Qube Research & Technologies Ltd | 1.74%1.67M shares |
FEDERATED HERMES, INC. | 1.64%1.57M shares |
TWO SIGMA INVESTMENTS, LP | 1.63%1.56M shares |
Nuveen, LLC | 1.62%1.55M shares |
MACKENZIE FINANCIAL CORP | 1.61%1.54M shares |
Percentages use 95.6M 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 |
|---|---|---|---|---|---|---|
| Jun 8, 2026Form 4 · 10b5-1 | Kumar RashmiDirector | SellCommon Stock | 15.0K | $4.46 | $66.9K | 171.9K |
| May 14, 2026Form 4 | Bisaro PaulDirector | BuyCommon Stock | 7.5K | $3.69 | $27.7K | 97.4K |
| Mar 9, 2026Form 4 | Raha Samraat S.President and CEO | BuyCommon Stock | 40.0K | $5.00 | $200.0K | 493.1K |
| Feb 27, 2026Form 4 | Phanstiel S. LouiseDirector | BuyCommon Stock | 48.0K | $4.66 | $223.7K | 282.0K |
| Feb 26, 2026Form 4 | Phanstiel S. LouiseDirector | BuyCommon Stock | 50.4K | $4.80 | $242.0K | 234.0K |